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Corporate Knights Global 100 ranking of the worlds most sustainable firms, now in its 21st year, shows that the top firms continue to increase their investment in the green transition. Were finding that growth in sustainable revenues is outpacing all other revenues, says Toby Heaps, co-founder and CEO of Corporate Knights.
The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? And which banks will take the lead? . Corporate Knights researchers ranked 60 banks for which they found quantifiable sustainable-revenue data from an initial pool of 91 banks.
The 60 largest banks in the world have provided US$6.9 trillion in financing for new fossil fuel expansion projects, investments that put the net-zero goal of the Paris Agreement in jeopardy. from 2022, and down more than 26% from the highest fossil financing recorded in 2019. billion in 2022. billion in 2022.
Of the 6,720 companies the Corporate Knights team analyzed for our 2023 Global 100 ranking of the world’s most sustainable corporations, a select few stand out. million kroner in 2022 from 9.03 billion kroner in 2022. Here are a handful leading the pack on six key indicators. It pumped €8.6
Worldwide, there are more than 95,000 private companies with annual revenues over US$100 million, compared to only 10,000 public companies over that threshold, according to a 2023 report from investment management firm Hamilton Lane. But with sustainability, there are reasons to be more forthcoming. Private market assets grew to US$9.7
While many companies, particularly in the fossil fuel and banking sectors, resist any major departure from their lucrative business-as-usual path, the leaders are doubling down on sustainability. In the 2024 Global 100 ranking, the top-ranked firms allocated 55% of their investments to sustainable projects, up from 47% the year prior.
From the ranking leader Hydro-Qubecs $155-billion green-energy expansion plan, to 12th-place Bpifrance banks financing solar and wind power loans, the inaugural list shows how investments in renewable energy pay off. before 2050, and 75% of the citys net-zero strategy relies on these investments. Last year, FCC invested $2.2
Whether they’re legal advocates, entrepreneurs, activists, engineers-in-training or policy geeks, Corporate Knights’ 2022 Top 30 Under 30 Sustainability Leaders are using their collective skills to challenge the status quo and bend the arc of history toward a more just and sustainable future. They’re in good company.
Sustainableinvesting approaches aim to deliver attractive returns through investments in issuers that contribute to positive social and environmental outcomes. Yet this massive opportunity can also create risks, because there is a smaller pool of sustainableinvestment targets to choose from.
New figures showed that carbon emissions in 2022 fell to “significantly lower” than pre-pandemic levels in 2019, giving hope that Canada can meet its net-zero commitments. Crucially, the companies’ average sustainableinvestment (as a percentage of total investment) hit 58.9% for the average large Canadian corporation.
The EU Taxonomy is part of the EU Action Plan on Sustainable Finance, establishing a classification system enabling the categorization of economic activities that play key roles in contributing to at least one of six defined environmental objectives, and that Do No Significant Harm (DNSH) to the other objectives.in
Green Equity Designations 1 Nasdaq launched Green Equity Designations on the Nordic markets in 2021 in response to increased demand for sustainableinvestments and extensive growth in Nasdaq Sustainable Bond Markets. The platform also provides issuer-level information on UN Sustainable Development Goals allocation.
20 – The world’s largest multilateral bank will no longer fund fossil fuel projects post-2022. The European InvestmentBank is on a new strategy to unlock $1.1 trillion for climate finance and sustainableinvestment over the next decade. ImpactAlpha, Nov.
While b oth the Global 100 and ACWI fell somewhat in 2022, since its inception on February 1, 2005, the Global 100 Index has generated a total investment return of 270.7% G100 Rank 2022. 21 8 Atlantica Sustainable Infrastructure PLC Brentford, U.K. 88 80 Bank of Montreal Toronto, Canada $224,613 50% 4% C NZAM, NZAO.
Tellingly, the 2023 list is dominated by renewable-energy players high in sustainable revenue. Topping the Best 50 this year (up from second place in 2022 and 20th in 2021) is a pure-play clean energy company: Innergex Renewable Energy. In third place is Hydro-Québec, which was the top company in 2022, 2021 and 2018.
2022 was a transformative year for Nasdaq’s ESG Advisory practice as we more than doubled our headcount to meet client demand for our consultative ESG services. Headcount growth was focused on individuals with key skill sets including: banking, ESG investing, in-house corporate ESG, ESG rating agencies and ESG standard setters.
SOURCE: Regions Bank. July 5, 2022 /3BL Media/ – Regions Financial Corp. as well as Regions’ focus on making banking easier through investments in technology and digital capabilities. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank.
Ashley Thomson, Global Witness’s US Senior Policy Advisor Similar concerns have also been raised by Tariq Fancy, BlackRock’s former sustainableinvestment chief, who criticised the firm for “misleading investors” by using the ESG label, calling it a “dangerous placebo”. JBS is widely regarded as an ESG pariah.
The ESAs include The European Banking Authority (EBA), The European Insurance and Occupational Pensions Authority (EIOPA), and The European Securities and Markets Authority (ESMA). ESMA also suggested that the establishment of a labelling scheme for sustainable financial products would be beneficial.
The statement said: “The proposed approach would limit investor access to the consistent, comparable and reliable information needed to inform decisions and allocate capital in line with sustainability goals, including those of the European Green Deal, the EU Biodiversity Strategy for 2030 and the EU Climate Law.”
When the planets align, the sustainabilityinvestments yield meaningful emission reductions and a payoff for the owner. Investors are shopping for rental buildings In fact, there’s good evidence in both Canada and the United States that investment capital is now flowing into rental apartments at a pace not seen in decades.
And a breakdown of the Colorado pension fund’s total returns by sector shows that oil and gas stocks had the lowest returns during this period (even with high returns from 2021 to 2022 due to skyrocketing energy prices caused by the invasion of Ukraine).
Larry Fink, the CEO of the largest investment firm in the world, wrote in his 2022 letter to CEOs: “It’s been two years since I wrote that climate risk is investment risk. Sustainableinvestments have now reached $4 trillion. The current list has been updated with data through January 31, 2022.
DESCRIPTION: July 5, 2022 /3BL Media/ - The National Association of Corporate Directors (NACD) announced the 2022 NACD Directorship 100™ — the most influential peer-nominated leaders in the boardroom and corporate governance community. The complete list of the 2022 NACD Directorship 100 is available at [link].
DESCRIPTION: From April 20-22, 2022, EarthX hosted the 6th Annual E-Capital Summit which convened more than 230 leading investors, innovators, dealmakers, industry and innovation ecosystem leaders to help catalyze action and impact related to sustainabilityinvesting and business innovation. SOURCE: EarthX. Maarten - Silveria E.
The Morningstar category of alternative energy equity funds posted an average annual return of -11% in 2022 and -10.5% Rising interest rates and supply chain problems in the post-pandemic period have eroded values of clean energy stocks and funds.
Using data from the Bureau of Labor Statistics monthly jobs report, The National Women’s Law Center found that over 1 million fewer women were in the labor force in January 2022 as compared to the beginning of the pandemic (February 2020), while men have largely recouped their labor force losses. 2 Further, the gender pay gap in the U.S.
Just one year ago, a European Central Bank report, which addressed how the European banking sector manages climate and environmental risks, found that most banks do not have concrete plans to start preparing for climate change. Sustainable Finance Disclosure Regulation (SFDR) and the EU Taxonomy Regulation: More on these below.
DESCRIPTION: NEW YORK, September 9, 2022 /3BL Media/ - On the heels of layered crises and big challenges for small business in the New York City region, JPMorgan Chase , M&T Bank , Principal Foundation , Santander Bank , and Surdna Foundation have come together to launch the NY Small Business Funders Collective (SBFC).
Nonetheless, like many in her profession and despite accolades – in 2022, Keyes was named a fellow by CPA Ontario, as a “trailblazer” in the worlds of ESG and sustainability – she doesn’t want to be called a warrior. For someone like Keyes, the work feels incredibly relevant and exciting. Recent reports from the U.K.’s
And, as said by Frank Elderson of the European Central Bank at the recent IUCN Leaders Forum in Geneva, if we destroy nature, we destroy the economy. Investment firm Blue Orchard was highlighted for its micro-insurance packages to smallholders in Indigenous communities, which insure against weather events, for example.
It includes financial operators and other organizations interested in the environmental and social impact of investments. The Forum’s mission is to promote the knowledge and practice of sustainableinvesting, with the goal of spreading the inclusion of environmental, social and governance ( ESG ) criteria in financial products and processes.
Following the ruling, Adfree Cities said in a social media post that “from today, banks are on notice over greenwashing.”. HSBC isn't the only bank with a lethal addiction to fossil fuels: @Barclays & others are also bankrolling the #ClimateCrisis.
Its worth noting that bank finance is expected to be prioritised at first, with no reference in the proposals to adjusting the EU Taxonomy so that defence industries can be considered sustainable. Few options have been ruled out ahead of official legislative text proposals, which are expected on 21 March.
Timo Pfeiffer, chief markets officer of Solactive, comments: “In Partnering with NTAM, we designed indices that may offer suitable ways to diversify portfolios in all market environments with indices that target high sustainability standards. As of September 30, 2022, Northern Trust had assets under custody/administration of US$12.8
Increased supervisory actions and better access to data and other resources will be required to address growing greenwashing risks at banks, investment firms and insurance companies, according to new reports released by Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs).
Regulators and institutional investors (which includes banks, labour unions and pension funds) followed closely behind. RIA says investors are demanding quality responsible investments that are transparent, credible and financially savvy. I try to do a lot of education around doing less evil versus doing more good.
The European InvestmentBank (EIB) Group announced €800 million in new financing for a series of projects to support climate action in Argentina, Brazil, and Chile. The announcement was made during the European Union-Community of Latin American and Caribbean States (CELAC) Summit of Heads of State and Government.
B2B WealthTech platform Allfunds announced today an agreement to acquire a majority stake in ESG investment solutions provider MainStreet Partners, aiming to enhance its capabilities with ESG services and analytics, and benefit from the growing sustainableinvestment market.
HSBC Asset Management and World Bank Group member the International Finance Corporation (IFC) announced an agreement to launch a new fund targeting SDG-aligned corporate bond issuers in emerging markets.
Shareholder proposals provide an early warning signal of risks and opportunities for management and boards," said Heidi Welsh, executive director of the SustainableInvestments Institute (Si2). Over time, the shareholder resolution process has evolved to offer an additional benefit. What happens next? The outcome of the Nov.
Gailliot joins KKR after more than 20 years at Goldman Sachs as a private investor in the firm’s merchant banking division, most recently serving as head of the Energy Transition and the Diversified Industrials investment teams. Lagarrigue and Arora both joined KKR in 2022.
China’s oil demand declined in 2022 for the first time this century as the nation jumped from one lockdown to the next. In 2022, consumption of oil in the industrial sector boomed as gas prices spiked, and with economics for oil burn favorable in 2023 despite declining spot LNG prices, demand looks set to remain strong.
Signals: Ahead of the Curve Climate finance gains momentum at international development banks. The world’s largest multilateral bank will no longer fund fossil fuel projects post-2022. The European InvestmentBank is on a new strategy to unlock $1.1
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