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The climate crisis, and the necessary transition to a net-zero economy, exacerbate the risks to people across the value chain, whether in the form of lost livelihoods from extreme weather events and rising temperatures, or loss of employment from a rapid shift away from carbon-intensive practices.
ESG-labeled bond issuance surged to new heights in 2021. But issuance of social, sustainability and sustainability-linked bonds—which reference specific key performance indicators, or KPIs—grew fastest (Display). But in 2021, high-yield issuance across US dollar and euro markets quadrupled.
For example, 79% of Global 100 firms had sustainability-linked pay; only 30% of the broader corporate universe linked executive pay to the achievement of environmental or socialsustainability targets. It is a similar story for gender and racial diversity, though the difference is less stark. CLIMATE COMMITMENTS 1.5˚C
India’s entry into the green bond market follows the government’s introduction in recent years of a series of climate-related goals, including a pledge made at the 2021 COP26 climate conference to reach netzero by 2070. The Excluded Project category also includes nuclear power generation and hydropower plants larger than 25 MW.
Issuance volumes of green, social, sustainability and sustainability-linked (GSSS) bonds rebounded strongly in Q1 2023, resuming double-digit growth trends after falling 18% in 2022, according to a new report from Moody’s Investors Service. trillion in 2021.
trillion in 2021. Despite the 2022 decline, the sustainable bond market substantially outperformed the global bond market, which saw issuance volume fall by 27%. Moody’s forecasts the GSSS bond market to grow 10% in 2023 to issuance of $950 billion, after declining 18% in 2022 to $862 billion, from a record $1.05
25% CO2e emissions reductions across our manufacturing 39% In 2022, 39% of the electricity used in our manufacturing sites was renewable, compared to 32% in 2021. Indeed, our ingredient sourcing programs are where most of the work of our carbon emissions reductions and socialsustainability efforts live.
Jeffrey LU, CEO of Mengniu Group, said that carbon neutrality is a great challenge to China’s dairy industry and requires the full collaboration of the whole industry chain to create a “net-zero carbon era”. Only by respecting nature and pursuing a harmonious co-existence with nature can we achieve sustainable prosperity.”
As a global snacking leader dedicated to making snacking right, we are determined to lead in helping to drive sector-wide transformation for more sustainable sourcing at scale. Our Progress 230,000 230,000 farmers participated in the Cocoa Life program in 2022, compared to 209,954 in 2021.
RIAA report finds managers increasingly reporting on outcomes of engagement on environmental and social issues. The increase in the size of the Australian responsible investment market in 2021 – which now accounts for 43% of the country’s total AUM, up from 40% in 2020 – was supported by strong returns to customers. trillion (US$1.05
New Climate Bonds Initiative report highlights growth in GSS bond issuance in 2021. . The green, social and sustainability (GSS) debt could provide a key channel for investors to support adaptation in emerging markets countries, according to panellists speaking during a webinar hosted by the NGO Climate Bonds Initiative this week. .
Not the end of the road – Chinese-owned automobile manufacturer Volvo said it would not be able to honour its 2021 pledge to phase-out fossil-fuelled cars beyond 2030. The announcement last week of a consultation on the sector’s role in Britain’s netzero transition only added to its challenges.
In 2021 over 13,000 companies disclosed through CDP along with over 1,200 cities, states and regions. billion of assets, as of 31 March 2021. The LPFA will publish its netzero plan this September, having made a netzero commitment in September 2021.
ESG bond issuance reached US$1 trillion in 2021 for the first time according to Refinitiv. Achieving netzero by 2050 could require the climate bond universe to reach US$36 trillion by 2025 and over US$60 trillion by 2030, it added. Q4 2021 was the fourth consecutive quarter to surpass US$200 billion and over 400 issues. “By
It forecasted that 19 countries in the region would suffer worsening public finances over 2021-23, versus the period prior to the outbreak of the pandemic. The issuer base is likely to expand through multilateral support and as investor appetite for sustainable bonds catches up with vanilla bonds,” Moody’s added.
Moreover, technology must be anchored in society to be sociallysustainable, meaning that the use of resources is well motivated and explained. 6G for sustainability 6G networks should contribute to an overall sustainable development in society by enabling the transformation of other sectors than just ICT.
The GTAG is made up of 18 industry figures and was established in 2021 to provide independent advice to the UK government on implementing a Green Taxonomy.
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