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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.
In recent years, socialsustainability has gained increasing attention from businesses, consumers, regulators, and civil society. Socialsustainability means putting people first and implementing business practices that contribute to the human dimensions of sustainable development.
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.
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.
The FCAs SDR requirements were introduced by the regulator in November 2023 , aimed at helping investors assess the sustainability attributes of investment products, and to avoid greenwashing risk, to portfolio managers. 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.
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.
Despite the slower Q3 performance, however, Moody’s maintained its full year 2023 GSSS issuance forecast of $950 billion, representing 4% growth over the prior year, with the report highlighting an anticipated return to growth in the fourth quarter, driven in part by COP28-related initiatives.
Foundation FSSC’s FSSC 24000 SocialSustainability Management System Certification Scheme is currently being benchmarked under the SSCI’s Processing and Manufacturing scope (Social). We invite you to email your questions and comments to the SSCI team via email by 15 December 2023. Why Host Stakeholder Consultations?
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. Socialsustainability requires considering their needs. Sustainable Finance 10.
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.
The winners have been announced for the 2023 Environmental Finance Bond Awards, which celebrate the leading green, social, sustainability and sustainability-linked (GSSS) bond and loan deals in 2022 and recognise market 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.
Issuance volumes of green, social, sustainability and sustainability-linked (GSSS) bonds rebounded sharply in Q1 2024 over the prior quarter, rising 36% to $281 billion, up from $207 billion in Q4 2023, according to a new report from Moody’s Investors Service.
Global issuance of labelled sustainable bonds – including green, social, sustainability, sustainability-linked, and transition bonds – declined sharply in the second quarter of 2024, as fewer new issuers entered the market and issuers contend with regulatory scrutiny, according to a new report released by Moody’s Ratings.
Overall, S&P anticipates the growth trajectory for GSSSB volumes to more closely mirror the broader conventional bond market as the sustainable bond market matures, following several years of outsized growth, with GSSSB’s share of issuance volumes growing from 5% in 2019 to 13% in 2023. trillion to $1.05
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.
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.
The new rules form part of the FCA’s Sustainability Disclosure Requirements (SDR), introduced by the regulator in November 2023 , aimed at helping investors assess the sustainability attributes of investment products, and to avoid greenwashing risk, to portfolio managers.
Approximately 400 market practitioners this week assembled at Environmental Finance's ESG in Fixed Income EMEA annual conference to discuss the major issues for green, social, sustainability and sustainability-linked bond issuance.
(NYSE: CCK) (Crown) ( www.crowncork.com ) has announced the latest winners of its annual Chairman's Sustainability Awards, which honor individual manufacturing facilities within the Company's global network for exemplary contributions across three categories – Environmental, Safety and Social.
Our people making a difference is a series featured throughout Owens Corning’s 2023Sustainability Report. On the benefits of an inclusive workplace Inclusion and diversity are key components of socialsustainability. Born in Brownsville, Texas, U.S.,
Sustainable Sourcing: Joining the Global Shea Alliance, Mary Kay promotes economic well-being for the 16 million women Shea collectors in West Africa. Resource Conservation: Through a 16-year partnership with the Arbor Day Foundation, Mary Kay has supported the planting of over 1.4
We look forward to partnering with our customers as they leverage WELL to implement, validate and report on their strategies to advance socialsustainability.” To access the WELL v2 - ESRS alignment tool and learn more about its benefits, please visit the resource page.
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.
The report, examining overall trends and outlook for the green, social, sustainable, and sustainability-linked bond (GSSSB) market, found that GSSSB issuance fell in 2022 by nearly 20% to approximately $854 billion, with declines across each bond type, as monetary policy and macroeconomic uncertainty challenged global bond markets.
After rapid growth in 2021, SLB volumes were hit last year and continue to be pressured as issuers face scrutiny of the credibility and robustness of their linked sustainability targets, and due to the sector’s exposure to high-yield issuance.
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.
Case Studies Journey Towards Enhancing Reputation & Futureproofing: Swedish Multinational Conglomerate Risk was top of mind for a Swedish multinational conglomerate which has embarked on a journey to future-proof its operations by initiating a 10-year strategy for socialsustainability.
Green, social, sustainability and sustainability-linked (GSSS) bond issuance in emerging markets reached an all-time high last year, according to a joint report by Amundi and the International Finance Corporation, largely driven by growth outside of China.
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. Learn more about these investment options at northwesternmutual.com/esg-investing.
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.)
Food brands should keep this in mind as they plan for 2025, particularly when it comes to their sustainability goals, because global trade trends will have consequences for Americans wallets and values. Poverty and climate change ranked second and third, respectively.
In 2022, green bond issues accounted for more than half of all sustainable bonds issued in the same year (58%, $487.1 After demonstrating resilience in a turbulent economic environment, green bond issuances in the first half of 2023 increased by 22.2% over issuances in the same period of 2022, arriving at $351.9
Alongside the MTBP, MUFG also announced that it was nearly tripling its 2030 sustainable finance goal to 100 trillion yen (USD$703 billion) from its prior 35 trillion yen target, including 50 trillion targeting environmental issues, based on an anticipated increase in demand.
We have identified three areas of focus for 2023 and beyond that can be transformative for people and the planet, not to mention rewarding for investors. Green, social, sustainability and sustainability-linked (GSSS) bonds have reached a tipping point. billion) in 2021, making the segment well and truly institutional.
trillion globally in 2023, according to the Global SWF Annual Report 2024. However, investing in socialsustainability has several challenges, including difficult geopolitical environment in many countries, as well as a perceived lower rate of return and higher risk. But they invested less, and less often, than in 2022.
A third challenge — equally one we see as an opportunity — comes around socialsustainability and workplace culture. Earlier this year we launched the revised carbon management standard, PAS 2080:2023, designed to help built environment organisations accelerate progress to a sustainable world by reducing their carbon emissions.
The group’s latest report, “ A world in balance 2024:Accelerating sustainability amidst geopolitical challenges ” tracks advancements in organisations’ environmental and socialsustainability over the last three years. In late 2023, executives were planning to increase investments in sustainability this year.
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?
Source: [link] 12 The term ‘food systems’ refers to all the elements and activities related to producing and consuming food, and their effects, including economic, health, and environmental outcomes (OECD, [link] 2023) 13 Crippa, M. Food systems are responsible for a third of global anthropogenic GHG emissions.
Global index, data and analytics provider FTSE Russell recently published its annual Sustainable Investment Global Survey , which spotlighted a sharp fall in the priority of social themes for asset owners, dropping from 73% in 2022 to 37% in 2023. For the survey, FTSE Russell spoke to 350 asset owners with AUM between US$7.9
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