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Sustainableinvesting is changing global supplychains: 4 key takeaways. Sustainableinvesting strategies have ascended quickly in the last 10 years. For more great analysis of ESG and sustainable finance, sign up for GreenFin Weekly , our free email newsletter.). José Miguel Salazar.
Rising interest rates and supplychain problems in the post-pandemic period have eroded values of clean energy stocks and funds. In early May, the company announced it had signed an agreement with Microsoft to supply massive amounts of renewable energy to power Microsoft operations in the U.S. and Europe between 2026 and 2023.
Fashion and design brands company H&M Group announced the launch of a new partnership with zero-carbon industrial heat solutions provider Rondo Energy, aimed at applying Rondo’s industrial decarbonization solution to help address the emissions footprint of H&M’s supplychain.
The impact of human rights abuses in portfolio companies and their supplychains is becoming more apparent to investors. Martin Buttle, Head of Good Work at NGO ShareAction says, given the estimates, “there is a very real chance that victims are present in the global supplychains” of investee companies.
They are therefore taking things into their own hands, actively engaging with companies to eliminate modern slavery from supplychains. In the UK, the Global Slavery Index estimates that 122,000 people were living in modern slavery in 2023.
This week in ESG news: SEC chief says investors want supplychain emissions reporting to manage climate transition risk; survey finds over 80% of companies plan to increase sustainability spend next year; Apple & Nike launch supplychain decarbonization initiative; Porsche to use green steel in cars; KPMG launches decarbonization hub in Canada; (..)
Driven by irrefutable and irreversible economic logic that has and will continue to withstand political backsliding and resistance from entrenched incumbents, sustainable revenue and sustainableinvestment are outpacing average growth rates. Companies with sustainability data for 2019 forward included in the charts had USD $26.7
Hundreds of RI funds have been winding down in the United States and Europe in 2024 alone, and product development slowed significantly in the first nine months of the year when, according to Morningstar data , 246 new funds came to market globally, compared with 444 over the same period in 2023. Thats down from 31 in 2023.
According to research recently published by the Cambridge Institute for Sustainability Leadership (CISL) and global law firm DLA Piper, the worlds largest asset management companies increased their ESG-specific engagement by 39% between 2020 and 2023, driven in no small part by the sustainability objectives of their asset owner clients.
Investments to date include supplychain insights and risk analytics company Everstream Analytics. 1GT led Everstream’s $50 million capital raise in April 2023 aimed at driving the company’s innovation in operational risk and ESG performance to accelerate supplychainsustainability.
More and more enterprises are rapidly adopting sustainable finance, with a demonstrated 10% growth in global markets reported in 2023. In a study by Deloitte, 90% of respondents indicated that sustainable finance is already central to almost everything they do, or it is becoming integral to much of what they do.
Chief Financial Officers with Environmental, Social, and Governance (ESG) on their 2023 “to-do” list are probably occupied with disclosure, reporting, and regulation thoughts. You’d have to adapt production plants, which would have a financial impact, a supplychain impact, and a delivery impact.
In 2023, the CSRD was approved, introducing requirements for businesses to report greenhouse gas emissions and other disclosure requirements. After much wrangling , the CSDDD was adopted in April, enhancing requirements and obligations for companies in relation to the environmental and social harms of their operations and supplychains.
The new £960 million investment will be provided through a Green Industries Growth Accelerator to support clean energy supplychains across the UK, with investments focused on areas including offshore wind, electricity networks, nuclear, CCUS and hydrogen.
trillion in 2023, spanning across corporates as well as sovereigns and supranationals. Although there are various tranches and instruments, research from RBC BlueBay Asset Management notes it can be easier to engage with investment-grade issuers than their high-yield counterparts.
In this article, I’ll summarise key events defining 2022 and present four sustainability trends that will prepare you to create an impact in 2023. 2022 Sustainability Summary. Goldman Sachs ‘s and Deutsche Bank’s DWS) for exaggerating claims about their products’ sustainability credentials.
For the study, the 2023 CxO Sustainability Report: Accelerating the Green Transition, Deloitte and market research firm KS&R surveyed more than 2,000 C-level executives in 24 countries, across a broad range of industries and enterprise sizes, ranging from $500 million in revenues to over $10 billion.
“Impax Asset Management has long recognized the significant financial and economic benefits that will arise from a shift to cleaner vehicles across company supplychains,” said Julie Gorte, senior vice president, sustainableinvesting, Impax Asset Management. “We
Operating in the food and beverage packaging and processing industry, we recognise the importance of promoting social sustainability throughout our value chain and focus on our own workforce, workers and communities in our supplychain, and workers in collection and recycling of packaging.
Despite historic policy wins—such as the Inflation Reduction Act, which is driving a clean energy investment boom in the U.S.—the These disasters impact supplychains, products, and the services on which consumers rely, and the impacts will only increase without dramatic action. Despite recent policy wins in the U.S.—such
July 7, 2023 /3BL/ - Lab grown diamonds, certified under the SCS-007 sustainability standard, not only provide a sustainable and environmentally friendly alternative, but also help reduce human rights abuses and concerns in diamond mining. EMERYVILLE, Calif.,
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including NN Investment Partners, SDI AOP, ESG Book, ISS ESG, Likvidi, Alcumus. The Eurosystem central banks last year defined their common stance for applying climate-related sustainableinvestment principles.
The report , published alongside the SustainableInvestments Institute (Si2) and Proxy Impact, reviewed at least 527 shareholder resolutions filed on ESG issues for the current proxy season. The environment remains a central shareholder concern with more than 190 proposals filed, a near 20% increase on 2023.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including ISS ESG, MSCI, Persefoni, PwC, Workiva, 9fin, Sphera, and Liquidnet. . Further MSCI Insights modules are slated for release in Q4 2022 and 2023.
It also pointed to a lack of tools for investors to integrate social issues into their investment strategies and an “overwhelming focus” from international bodies and investor initiatives on climate and nature-related issues. trillion and US$14.2 trillion and US$14.2
From our perspective, it’s simply good investing. For example, businesses using forced labor in supplychains could face an import ban in the US. Article 9 portfolios should have “an objective of sustainableinvestments,” according to SFDR. Many ESG issues create risks and opportunities for companies.
Minds were focused at Davos last week by the uncomfortable reality that investing in the destruction of nature is more popular and economical than investing in its protection.
The COP28 pledge to triple renewable energy investment by 2030 is off track, despite reaching record levels in 2023, according to a BloombergNEF report tactically published in time to prick the conscience of global leaders as they pass through the 79 th UN General Assembly (UNGA).
In late 2023, executives were planning to increase investments in sustainability this year. However, companies have not followed through: average annual investment in sustainability initiatives and practices now stands at 0.82% of total revenue, down from 0.92% in 2023.
After all, the rising profile of social factors has been driven partly the development of the sustainableinvestment regulations and frameworks aimed primarily at addressing the climate crisis. For this reason, among others, questions about the status of social factors within ESG investing abound.
Stephanie Maier, Chief Sustainability Officer at GAM Investments, considers the opportunities that AI could enable in the sustainableinvesting space, and the risks that must be mitigated. According to Pitchbook , AI start-ups raised US$15.5
His resignation was even more impactful given he is the author of the government-commissioned review, ‘ Mission Zero – Independent review of net zero’ , published in January 2023 and looking at how the UK could deliver on its climate targets in a manner is more affordable, and pro-business.
The report , published alongside the SustainableInvestments Institute (Si2) and Proxy Impact, reviewed at least 527 shareholder resolutions filed on ESG issues for the current proxy season. The environment remains a central shareholder concern with more than 190 proposals filed, a near 20% increase on 2023.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including SDI AOP, ISS ESG, Euronext, YourStake and Datia. . These new data points are also available via ISS ESG’s proprietary platform DataDesk, and will be featured in ISS ESG Corporate Rating reports in 2023.
For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supplychains and lending/investment portfolios are often more complex than for other industries. Clearly much more needs to be done to pivot towards more sustainableinvestment and lending practices.
In 2023, over 7.7 Unfortunately, however, the multi-stage, multi-national supplychain is not that coordinated yet and, with a ban looming, it is unlikely to reach full circularity. Single-use, disposable e-cigarettes or vapes are a big problem for the environment, one that is toxic.
In both the public and private sectors, this week saw incremental progress in support of sustainableinvestment objectives, rather than transformative changes. A selection of this week’s major stories impacting ESG investors, in five easy pieces.
To quickly grasp the scale of their nature-related exposures, investors and corporates should view new reporting and risk management processes as an extension of existing climate strategies, delegates heard at the PRI in Person 2023 event.
In the coming years, Patagonia began creating their own organic cotton supplychain, and after much trial and error has achieved the admirable goal of sourcing entirely organic cotton for all its products. of chemical insecticides but only took up 2.5% of global cultivated land use.
This explainer considers progress made by the IMO to date, how it compares to national efforts, and where investors fit into the sustainable shipping puzzle. The revised 2023 strategy now offers the industry “a clear direction, a common vision, and ambitious targets to guide us to deliver what the world expects from us”, according to Lim.
The next focused more deeply on the rising profile of social factors, driven partly by the development of the sustainableinvestment regulations and frameworks around the global. RepRisk tracked 1,116 social incidents globally linked to both misleading communication and a social issue over the five-year period to September 2023.
Investors and businesses should not underestimate potential future liabilities, says Bethan Rose, SustainableInvestment Analyst at Evenlode Investment. The World Bank accepts that carbon prices need to grow over the long-term to drive investments at the necessary scale and pace.
In a move to better support emerging markets’ (EMs) climate transition efforts, 12 UK-based pension funds have unveiled draft guiding principles that will inform their sustainableinvesting strategies. . Focus on intentionality .
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