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With heightened societal expectations and an evolving regulatory landscape, companies and their investors are increasingly motivated to address socialsustainability, the “S” in ESG. Provide other supporting materials to help investors use information from the GRESB and IWBI socialsustainability reports and tools.
Investment management firm Fidelity International announced today plans to adopt the “Sustainability Focus” label introduced by the Financial Conduct Authority (FCA)’s Sustainability Disclosure Requirements (SDR) for three funds within its UK domiciled equity fund range.
Nasdaq develops and licenses a variety of indexes that encompass global, regional and thematic objectives with added ESG selection criteria. Launched eVestment ESG Analytics in 2023. The platform also provides issuer-level information on UN SustainableDevelopment Goals allocation as well as EU Taxonomy.
As I look back over 2023, it’s clear that organizations everywhere are embracing the idea that healthier buildings make healthier businesses that lead to healthier bottom lines,” said Rachel Hodgdon, IWBI President and CEO. Read IWBI’s 2023 Annual Report: Our Movement is Growing. More information on WELL can be found here.
Japan Day, which took place on August 31, 2023, at the Ajinomoto Takanawa Training Center, marked another successful edition. Yukiko TAKATORI Japan CHL Local Group Steering Committee Co-chair, Corporate Executive, General Manager, SustainabilityDevelopment Dept.
Anna ODonoghue, Global Head of Product Development and Governance, Schroders, said: We believe we are the first firm to publicly confirm the intended adoption of all four SDR labels across all the funds we have sought them for. We are appreciative of the FCAs ongoing collaboration.
The launch marks the first UK domiciled mutual fund to use the new Sustainability Improvers label introduced by the UK Financial Conduct Authority (FCA)s Sustainability Disclosure Requirements (SDR). The new fund builds on a similar strategy to BlackRocks BGF Brown to Green Materials Fund launched for European investors in 2023.
Global issuance of labelled sustainable bonds including green, social, sustainability, sustainability-linked, and transition bonds is anticipated to again reach around $1 trillion in 2025, according to a new forecast released by Moodys Ratings, as headwinds including political changes from the new U.S.
In the spring, it appointed its first cabinet secretary for “wellbeing economy, fair work and energy,” tasked with developing “an economy that is fair, green and growing. But, as the Canadian Centre for Policy Alternatives pointed out in its analysis of Budget 2023 , it leaves much to be desired.
Investor demand for green, social, sustainability, sustainability-linked and transition bonds (GSS+) has surged in H1 2023, with regulatory developments bringing greater transparency and confidence to the market. In H1 2023, APAC saw US$95.7 billion raised in green bonds, up from US$85.9
Top 10 Business Sustainability Topics of 2023Sustainable Innovation 1. How to adopt sustainable innovation. NBS members want to know how to create and implement sustainable innovations. A corporate professional from Asia asked: “How can developing countries like ours access sustainable innovations?”
DALLAS, November 13, 2023 /3BL/ - Mary Kay Inc., a global advocate for corporate sustainability and stewardship, released its ‘ Special Report on Sustainability2023 ’ detailing the brand’s unwavering commitment to enriching women’s lives and ensuring a sustainable future for all.
The past two decades have seen remarkable expansion in the scope, scale and aspiration of development finance institution technical assistance (DFI TA ). Considering these developments and the expanding scope and ambition of DFI TA, we believe there’s a strong case for a standardised approach to TA design, delivery and results measurement.
Tetra Pak launches its 25th Sustainability Report, which tracks the progress the company has made against its sustainability agenda. It focuses on five interdependent areas: food systems, circularity, climate, nature and socialsustainability. Scope 1 covers direct emissions from owned or controlled sources.
We look forward to partnering with our customers as they leverage WELL to implement, validate and report on their strategies to advance socialsustainability.” IWBI also translates research into practice, develops educational resources and advocates for policies that promote people-first for everyone, everywhere.
Benefits of a social impact strategy High performing organizations align their social impact strategies with the United Nations SustainableDevelopment Goals (UNSDGs) which were set up to address numerous global issues including climate change, poverty, hunger, clean water, and gender inequality [1].
Skip to ranking BY Shawn McCarthy January 17, 2024 As 2023 came to a close, the World Meteorological Organization declared it to be the hottest year on record. The company redoubled its efforts to sell its last non-renewable assets and finally sold its gas-fired power plant to Achernar Assets in June 2023.
By region, Moody’s anticipates that Europe will maintain the largest share of GSSS volumes, after accounting for 45% of issuance in 2023, with sustainable bonds representing 20% of total bond issuances, and growing to $428 billion in 2023 from $411 in 2022, as sustainability issues remain top of mind for issuers.
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.
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. Harmony has developed a strong and unique data reporting system on farming practices that enhances traceability from wheat storage to factory.
Based on data reported through CDP’s 2023 Forests questionnaires, Tetra Pak is among the 2% of companies that achieved an ‘A’ score out of over 21,000 companies assessed. He continues: “Our approach to nature is closely linked with our ambitions on climate, circularity, socialsustainability and food systems. Díaz, & H.
Our people making a difference is a series featured throughout Owens Corning’s 2023Sustainability Report. In our first two years, HOLA has focused on creating a network for connection and belonging, building a roadmap that focuses on talent attraction, onboarding, retention, development, and career advancement.
Sustainable Sourcing: Joining the Global Shea Alliance, Mary Kay promotes economic well-being for the 16 million women Shea collectors in West Africa. Fostering Women in STEM: Committed to the development of the next generation of women STEM leaders, Mary Kay has awarded 29 grants totaling nearly $195,000 since 2020.
Achieving that full promise will require putting sustainability at the center of 6G technology development, starting with the many global cross-sectoral initiatives that are taking place today. What does sustainability mean to 6G? Sustainabledevelopment frameworks: What are they?
The UN Environment Programme’s Adaptation Gap Report 2023 estimated the adaptation finance gap to be somewhere between US$194 billion and US$366 billion per year, with adaptation finance requirements in developing countries likely to be 10 to 18 times greater than current finance flows.
Krisztina Tora, Chief Market Development Officer at the Global Steering Group for Impact Investment, outlines three key areas that show great potential to improve outcomes at scale for people and the planet. In times of crisis, capital is often pulled out of developing economies but that is where some of the greatest opportunities exist.
Originally published in Northwestern Mutual 2023Sustainability and Social Impact Report Since 1857, Northwestern Mutual has been committed to doing what’s right—working to deliver positive, transformative results for generations to come. Affordable housing. Green Building Council, “ Top 10 reasons to certify to LEED ”
trillion globally in 2023, according to the Global SWF Annual Report 2024. Many African nations have developed strategic road maps for growing and supporting domestic businesses, and implemented policy reforms to encourage foreign investment. The research positions SWFs as pivotal players in the drive towards sustainabledevelopment.
A third challenge — equally one we see as an opportunity — comes around socialsustainability and workplace culture. How is your company mentoring staff and developing workforce skills in 2024 and beyond? What strategies is your company developing to build resilience to extreme weather conditions in 2024?
Leading by Example Our annual Chairman’s Sustainability Awards offer another way for us to recognize the exemplary contributions made by our manufacturing facilities and operating divisions in three key categories: Environmental, Safety and SocialSustainability. Making a Positive Impact: Conroe, Texas (U.S.)
The focus on sustainability has greatly increased in recent years, and ambitious climate and environmental goals have been set at European and international levels. ESG finance is growing in importance precisely because it makes a key contribution to achieving these goals toward more sustainabledevelopment models.
As the financial ecosystem anticipates upcoming sustainability and climate-related regulations, Nasdaq may see increasing interest in green equity classification from companies and investors outside the Nasdaq Nordic exchanges. The platform also provides issuer-level information on UN SustainableDevelopment Goals allocation.
Contributing to secure 2 , resilient 3 , and sustainable 4 food systems 5 The Organization for Economic Cooperation and Development ( OECD ) has defined a “triple challenge” facing our food systems. fibre compared to 0.26% for traditional, extracted soyabean drinks 15. Hansen and CP Kelco, two global ingredient suppliers.
Tangible progress could be seen on multilateral development banks’ reform and climate finance commitments at the World Bank and IMF’s Spring Meetings, according to E3G Senior Policy Advisor Laura Sabogal Reyes. Modifying the bank’s mission statement to incorporate sustainability objectives was an important achievement for Banga. “It
Developed countries have belatedly reached a target for climate finance, only to be set a new one for nature. Developed nations mobilised US$115.9 billion of climate finance for developing countries in 2022, it was revealed this week, exceeding for the first time the US$100 billion annual level set in Copenhagen in 2009.
In addition, the report said there is a lack of support for investees in emerging and developing markets, where collecting and reporting impact data can be expensive and time-consuming. There is also wide disagreement on who should define the goals and methods of impact, fuelling ‘ impact-washing ’ concerns.
Green, social, sustainability, sustainability-linked and transition ( GSS+ ) bonds are shaking off recent macroeconomic and geopolitical volatility, with the market on track to hit US$5 trillion in combined issuance by the end of the year. trillion by the end of the H1 2023, including US$448 billion in aligned GSS+ debt.
Deploying its technology, IES developed a digital twin for Stirling and Clackmannanshire Councils that covered 3D geometries for every building in the entire region, which spans a significant 2,413 square kilometres. For more information on the project, visit IES’ website: [link]
Investors limited by lack of data and tools to incorporate social factors into sustainable finance strategies due to an “overwhelming focus” on environmental issues. trillion and US$14.2
GIIN to co-develop new tools to help companies measure impact and optimise capital. . The Global Impact Investing Network (GIIN) has launched a corporate investing initiative to support companies looking to develop impact investing strategies and partner with impact investors to achieve their sustainability goals. .
July 13, 2023 /3BL/ - When asked whether sustainable forestry certification makes a difference, Richard Boitnott can recall more than 20 years of providing feedback through audits that resulted in companies throughout the U.S. better-demonstrating their sustainability. What is a sustainable forestry certification?
Advisory group urges the government to focus on “drafting efficiency” when developing criteria, while following the science. The UK’s Green Taxonomy must address challenges unearthed during the development of the EU taxonomy and streamline its do no significant harm (DNSH) criteria, according to the Green Technical Advisory Group (GTAG).
Despite development barriers, opportunities are emerging for investment in sustainable assets in growing market. Africa has seen rapid growth in issuance of green, social, sustainability and sustainability-linked (GSS+) bonds and could prove enticing to investors, in spite of existing challenges. billion (US$12.7
Moody’s cited challenges including short-term post-pandemic support for businesses and households, long-term sustainabledevelopment challenges, including climate risk mitigation, and gradual, uneven recovery in revenue streams. Developing economies globally need to invest as much as US$4.5 trillion) to reach the goals.
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