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In its 15th edition, US SIF Foundations Report on US SustainableInvesting Trends identified climate action as the number one sustainableinvesting priority over the long- and short-term. The report, release in December 2024, documents $6.5
president will be taking aim at legislation that resulted in nearly US$300 billion in private-sector investments in clean energy, battery manufacturing and clean power generation, most business leaders recognize that concerns about a worsening climate crisis will grow regardless of shifting political winds. While the new U.S.
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.
Below are four themes we’re covering closely in 2024 through our research and partnerships. For instance, climatechange is one of the most urgent challenges of our time—one that’s often seen as strictly an environmental concern. We look forward to sharing our research with you throughout 2024.
Sustainability leaders in business, governments, civil society and the academic community all gathered to discuss the most pressing issues in the fight against climatechange under the theme: “It’s Time!” elections and ESG investing and DEI policy debates. Despite the headlines, the research is clear.
The program targets having 30% of its budget financed through green bonds, and requires at least 37% of spending in Member States’ Recovery and Resilience Plans (RRPs) must be used for sustainableinvestments and reforms in areas addressing climatechange, such as green infrastructure and renewable energy.
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. As the climate crisis exacts a punishing toll around the globe, we’re also getting better at solving problems. That compares with just 16% for the broader universe of companies.
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
Investment management firm Fidelity International announced today a new focused sustainableinvestment approach, targeting four systemic themes, including nature loss, climatechange, strong and effective governance, and social disparities, which will drive the firm’s engagement approach towards influencing positive change.
For the study, “Embracing a brighter future: Investment Priorities for 2024,” Capgemini Research Institute surveyed 2,000 business leaders from firms with more than $1 billion in annual revenue, across 9 industries and 15 countries.
For the study, Deloitte’s 2024 CxO Sustainability Report, Deloitte and market research firm KS&R surveyed more than 2,100 C-level executives in 27 countries, across a broad range of industries and enterprise sizes, ranging from $500 million in revenues to over $10 billion.
As Climate Week NYC approaches, the global conversation on climatechange is intensifying, and the need for effective action by all stakeholders is clear to see. SDG Summit USA (23 September 2024, 12.00 - 7.00 pm, with a focus on corporate sustainability reporting and regulations.
Ontario Teachers’ Pension Plan (OTPP), one of Canada’s largest investors, announced the release of its 2024 Proxy Voting Guidelines, with strengthened expectations for company boards on climate oversight.
Like several others, Travelers has been hiking home insurance premiums and restricting coverage to protect itself from the financial impacts of extreme weather events associated with climatechange, such as the recent Los Angeles fires.
Decarbonising buildings is difficult and will require significant investment around US$600 billion annually from now until 2050, Hugh Garnett, Real Assets Senior Specialist at the Institutional Investors Group on ClimateChange (IIGCC), told ESG Investor.
May 9, 2024 /3BL/ - Ceres joins businesses with employees and operations across Maryland to applaud lawmakers and Gov. Wes Moore for strengthening the state’s EmPOWER program by aligning its energy efficiency targets with the state’s ambitious climate goals. Several major businesses including A.
The Australian government announced today the launch of a consultation paper on the development of a climate risk disclosure framework for businesses and financial institutions, with plans to make the reporting rules mandatory for large entities. Sustainableinvestment groups welcomed the governments announcements.
March 2024 by Hank Boerner – Chair & Chief Strategist, G&A Institute. What immediate and then the longer-term trends could we be monitoring to identify sustainableinvestment opportunities in 2024 and 2025, and well beyond? in individual states along the Red and Blue divide).
Originally published on bloomberg.com Green finance regulatory developments The 2023 United Nations ClimateChange Conference (COP28) galvanized the energy around the global green finance agenda, setting the stage for a busy 2024 of green-related rulemaking and policy guidance for the financial services sector.
However, according to investors, greater action on adaptation is required by the government to address the steep the economic costs of climatechange’s physical impacts. Disasters caused by climatechange were estimated to have cost Australia US$38 billion in 2021, and are forecast to rise to at least US$73 billion by 2060.
to push for ambitious federal climate policy at LEAD on a Clean Economy 2024 , we at Ceres also took time to reflect on the last year by honoring the business leaders, policymakers, and organizations that took extraordinary action in 2023 to build an advanced, abundant, and just clean energy economy.
A 2024 report says that forced labour in the private economy generates US$236 billion in illegal profits per year. The Home Office received almost 20,000 potential victim referrals in 2024, representing a 13% increase year-on-year. In the 2024 edition , 65 companies had improved their score and 35 went up a tier on the benchmark.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Amazon Invests in Over 100 New Solar and Wind Projects Over Past Year Trafigura Signs Advance Carbon Credit Purchase Agreement with DAC Provider 1PointFive Guest Post: 2024, The Year to Move from Climate Ambition (..)
Employees are seeking safety, security, and stability; regulators seek to ensure their communities are protected from contamination and competition for resources; investors are seeking “sustainableinvestments” and projects; and business leaders must protect and grow their organization in an ever-changing global economy.
Europe’s new code – As Ursula von der Leyen mulled over the composition of her top team for the next five years , the European Commission’s incoming finance chief was already getting advice on the future of sustainableinvestment. Withdrawals from Climate Action 100+ have been taken by many as signs that the red team is winning.
Updated in May 2024 to capture the emerging risks introduced by generative AI tools like ChatGPT and Google’s Bard, they are the main reference point for anyone wanting to tackle AI responsibly. To address these risks, investors need to apply governance principles and guidelines for managing AI.
Based on new underlying European Sustainability Reporting Standards (ESRS), the CSRD introduces more detailed reporting requirements on company impacts on the environment, human rights and social standards and sustainability-related risk.
As You Sow-led Proxy Preview 2024 shows companies will face requests on a widening range of issues this AGM season, despite recent falls in support for ESG resolutions. Shareholder proposals on biodiversity and AI are among the key themes highlighted in shareholder advocacy NGO As You Sow’s (AYS) newly launched Proxy Preview 2024.
Even after the 26th United Nations ClimateChange Conference of the Parties (COP26) came to a close last November, the ESG landscape still remains unclear. Environmental, Social and Governance and sustainable finance currently are like the Wild West. The question is: How soon will this change? Changing ESG Landscapes.
Earlier this year, the Institutional Investors Group on ClimateChange (IIGCC) wrote to EU lawmakers, calling for an “ambitious” outcome for EPBD-focused negotiations. However, there is mounting concern that the directive will be watered down, following challenging trilogue discussions, which first commenced in June of this year.
A rush of shareholder proposals demanding transparency have been filed for the 2024 proxy season, with a strong emphasis on lobbying alignment. A guide to the ICCR’s 2024 proposals read that members are concerned that the risks of corporate political activity are heightened in the run-up to the national election.
Professor Steve Keen says asset owners should dedicate more investments to the climate transition, while prioritising scientific predictions over economic ones. Institutional investors are ill-prepared for the impending societal and economic changes likely to be triggered by climatechange and have their priorities all wrong.
Australia and New Zealand have reached an agreement to tackle climatechange that will see them collaborate alongside other Pacific countries to ensure the “resilience and prosperity” of the region.
Climate Action 100+ (CA100+) has increased investor representation on its global steering committee, adding Phoenix Group Head of Stewardship Valeria Piani alongside five others to further expand its geographic experience and expertise.
The FCA released a policy statement on the SDRs and labelling regime, as well as a guidance consultation on the proposed anti-greenwashing rule that will enter into force in May 2024 and apply to all regulated firms. Where next during 2024? The metric uses habitat features to calculate a biodiversity value.
Shareholder proposals demanding transparency have been filed for the 2024 proxy season, with a strong emphasis on lobbying alignment. Shareholder proposals on biodiversity and AI are among the key themes highlighted in shareholder advocacy NGO As You Sow’s (AYS) newly launched Proxy Preview 2024.
There were mixed signals and missed opportunities on sustainableinvestment in the UK’s latest fiscal statement. And beyond its headline conclusion that we’re on track for only limiting climatechange to 2.9°C, A selection of this week’s major stories impacting ESG investors, in five easy pieces.
March 29, 2024 /3BL/ - Major businesses and investors welcome the heavy-duty vehicle emissions standard unveiled today by the U.S. Environmental Protection Agency, which is projected to have vast economic, climate, and public health benefits by spurring the sale of clean large trucks and other vehicles across the U.S. “As
Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 Clearly much more needs to be done to pivot towards more sustainableinvestment and lending practices.
In line with France’s green bond framework , proceeds can be spent on climatechange mitigation and adaptation, but also biodiversity protection. Eligible projects include sustainable forestry , certified organic farming, and nature preservation. billion over four issues.
The Taskforce for Nature-related Financial Disclosure (TNFD) was founded in June 2021 to provide a framework for corporations and financial institutions to assess, manage and report on their dependencies and impacts on nature beyond climatechange. The TNFD formally launched its final recommendations on 18 September 2023.
As part of a larger package of regulatory updates, the Commission published updates to the current Climate Delegated Act , including the introduction of new activities associated with both climatechange mitigation and adaptation objectives.
While a focus on ESG has been prevalent for some time now, this surge in interest has been fueled by Canada’s commitment to achieving net-zero emissions by 2050 and an increasing number of stakeholders who expect ESG considerations be integrated into their investment programs.
From climatechange and geopolitical tensions to technological disruptions and economic instability, these crises are reshaping the landscape of work, especially for young people. Moreover, the alignment between economic growth and investment in education is critical. The challenges are great, but so are the opportunities.
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