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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.
Japan Day, which took place on August 31, 2023, at the Ajinomoto Takanawa Training Center, marked another successful edition. More than 200 delegates convened both in person and online to gain insights into the accomplishments across the CGF Coalitions of Action and the forthcoming progress.
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 Despite the 2022 decline, the sustainable bond market substantially outperformed the global bond market, which saw issuance volume fall by 27%. trillion in 2021.
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. With new pressure to act on climate change, NBS members want to know how to get to netzero throughout operations.
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.
A third challenge — equally one we see as an opportunity — comes around socialsustainability and workplace culture. We produced the world’s first environmental management standard in 1992 and since then we have led the way in developing new standards around areas including energy management and sustainable events.
We are immensely proud to be acknowledged for our global efforts to drive environmental and socialsustainability through our business operations, product innovation, and community engagement initiatives,” said Marc Bitzer, Chairman and CEO of Whirlpool Corporation. plant operations.
Taking into account both national and regional targets, the digital twin provided evidence-based projections of future energy demands and emissions, informing the critical pathway to reach a netzero energy system across the region. Our road map to achieving these ambitions is the Regional Energy Masterplan.
As such, there is a growing consensus that MDBs need to rethink their purpose, with the G20 New Delhi leaders’ declaration in September 2023 calling on the multilaterals to become “better, bigger and more effective”. But not all things are equal when it comes to climate change financing, particularly in emerging markets (EMs).
million hectares in assets under management, will upgrade its zero deforestation policies by 2023, while Signature will move all of its African farm holdings to regenerative agricultural principles by 2030. Nuveen, with 1.2 Ultimately, a lot of food issues are coming together.”.
It focuses on five interdependent areas: food systems, circularity, climate, nature and socialsustainability. The company’s Sustainability Report FY23 [3] shows a 20% reduction in value chain [4] GHG emissions and a 47% reduction in GHG emissions across its own operations since 2019. 6] Scopes 1, 2 & 3 - compared to 2019.
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. and D1.4.
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. CLIMATE COMMITMENTS 1.5˚C
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. As part of the initiative, we are creating bee hotels installed in Harmony melliferous fallows, starting from Spring 2023.
Much of the required fund-raising will be realised through sustainable bonds, said Moody’s, due to a post-pandemic focus on investment to achieve UN Sustainable Development Goals (SDGs) and major governments’ pursuit of netzero CO2 emissions targets. Developing economies globally need to invest as much as US$4.5
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. The ESG-labelled bond markets are typically considered to include green, social, sustainability, sustainability-linked and transition bonds. trillion per year. “By
The growing popularity of sustainable real estate funds means that UK fund managers will need to embrace the Sustainability Disclosure Requirements (SDR) issued by the Financial Conduct Authority (FCA) on 28 November 2023.
Clarity and interoperability GTAG has recommended that the UK government confirms the purpose of its approach and definition of DNSH within its H2 2023 consultation for the UK taxonomy to provide market clarity and promote international interoperability. Further progress on the taxonomy is now expected later this year.
in 2023 to 4.9% The challenge of ensuring that economies take full advantage of willing human resources is primarily one for policymakers, whom the ILO called on to prioritise inclusion and social justice. This contrasts with a gap of 9.7% for women in high-income countries and 7.3% this year – just 45.6%
This means both investors and corporates must wait until Q1 2023 to find out the detail of the requirements, including on unfamiliar and contentious areas such as the reporting of Scope 3 emissions. But a well-publicised technology glitch put paid to established timelines for the rule, alongside almost a dozen others.
International investment manager M&G Investments announced that it will adopt the new Sustainability Improvers label introduced by the UK Financial Conduct Authority (FCA)s Sustainability Disclosure Requirements (SDR)for its Sustain Paris Aligned range of climate mitigation-focused investment funds.
Jennifer Wu, Global Head of Sustainable Investing at J.P. Morgan Asset Management, offers five reasons why sustainable investing will matter even more in 2023. 2022 saw sustainable investing go through extensive scrutiny. The key in 2023 will be to maintain focus on the signals, not the noise.
Second-quarter issuance represented US$238 billion, down 20% year-on-year, while global issuance of green, social, sustainability, sustainability-linked and transition bonds totalled US$238 billion – also down 20%. Due to take place this month, Allocation Round 6 (AR6) of the CfD scheme will also see £1.1
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