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Despite appearances, sustainableinvestments have quietly had a great year. Given the poor performance of green energy stocks and the chorus of opposition against anything viewed as “woke,” it’s easy to get lost in the narrative that the shine has worn off sustainableinvesting. But that’s not what I’m seeing.
Corporate Knights Global 100 ranking of the worlds most sustainable firms, now in its 21st year, shows that the top firms continue to increase their investment in the green transition. Were finding that growth in sustainable revenues is outpacing all other revenues, says Toby Heaps, co-founder and CEO of Corporate Knights.
What trends should we be monitoring to help identify sustainableinvestment opportunities in 2024? BlackRock, the world’s largest asset management firm, is tracking five “mega forces” that they define as “big, structural changes that affect investing now, and far in the future.”
But what makes this development – which includes 12 deeply affordable apartments to be operated by a local non-profit – unusual is that it is hooked into a geo-exchange system. When the planets align, the sustainabilityinvestments yield meaningful emission reductions and a payoff for the owner.
Originally published on bloomberg.com May 7, 2024 /3BL/ - Bloomberg today announced the launch of a new tool that helps investors assess portfolios, funds and indices based on sustainability criteria and thresholds customized by the user.
But with sustainability, there are reasons to be more forthcoming. Private companies are increasingly eager to report on their environmental, social and governance (ESG) performance and their sustainabilityinvestments amid the publics growing appetite for companies that are trying to be good corporate citizens.
Hydro-Qubec Hydro-Qubec has been a leader in clean hydroelectric energy for the last 75 years, the exports of which have enriched the province to the tune of $4 billion in 2024 alone. Now, the company is boosting its investments in windenergy. billion kroner in profit for 2024.
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.
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. In the 2024 Global 100 ranking, the top-ranked firms allocated 55% of their investments to sustainable projects, up from 47% the year prior.
At AllianceBernstein, our research agenda aims to bring rigor and clarity to responsible investing. Below are four themes we’re covering closely in 2024 through our research and partnerships. It also details the tools we’ve developed to help investors assess, disclose and manage climate-related modern slavery risks.
While the initial SDR was developed primarily for retail investors, the new proposal would extend the requirements to firms that manage a group of investments for consumers, with a focus on wealth management services for individuals and model portfolios for retail investors.
Investment management firm Fidelity International announced today a new focused sustainableinvestment approach, targeting four systemic themes, including nature loss, climate change, strong and effective governance, and social disparities, which will drive the firm’s engagement approach towards influencing positive change.
What sets them apart is their commitment to doing business differently – they’re companies that derive significant revenue from greener products and services, invest in increasingly sustainable projects, and prioritize equity in their operations. More evidence that any company, in any industry, can choose a more sustainable path.
billion to its SustainableInvestments and Climate Solutions (SICS) Program through investments in three climate-focused investment funds. The New York State Common Retirement Fund, one of the largest public pension plans in the U.S., announced the allocation of $2.4 State Comptroller Thomas P.
This week in ESG news: CFA Institute drops ESG name from ESG investing course; battery giant hopeful Northvolt files for bankruptcy; Execs report higher revenue, lower cost from sustainability actions; U.S.
The rules include a series of criteria for products to use the labels, including a requirement for at least 70% of the products assets to ordinarily be invested in line with the label’s objective, as well as ongoing product-level disclosures for products using a label.
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.
Euronext also announced the creation of a new family of biodiversity-focused indices, launching the Euronext Biodiversity Enablers index, developed in partnership with Iceberg Data Lab.
The investment manager also admitted in a hearing in court that it had made false and misleading claims about the fund. The court found Vanguard guilty of making misleading claims in March 2024, advancing the case to consider penalties. At the penalty hearing, ASIC sought penalties of A$21.6
The Platform on Sustainable Finance (PSF), an expert group mandated by the European Commission to advise it on the development of sustainable finance policies, announced today the publication of a new report with comprehensive recommendations aimed at simplifying the EU Taxonomy.
Drastic changes to the scope of sustainability reporting rules will limit investor access to comparable and reliable sustainability data, said Aleksandra Palinska, executive director at the European SustainableInvestment Forum, Europes umbrella network for sustainable finance, in a press release.
Additional priorities under the Roadmap included establishing a sustainable finance taxonomy, and instituting a labeling regime for sustainableinvestments.
As the enabler for transparency on sustainability impacts, Global Reporting Initiative has an important role in the debate, as demonstrated by the new Climate Change and Energy Standards currently under development. SDG Summit USA (23 September 2024, 12.00 - 7.00 pm EST): organized by UN Global Compact USA.
According to General Atlantic Chairman and CEO Bill Ford, the acquisition comes amidst a “global paradigm shift toward sustainability,” which will require “an economic transformation and a capital investment on a massive scale.” The transaction is expected to close in Q2 2024.
ISS ESG has applied its wealth of experience in measuring physical and transition-related climate risks, regulatory alignment, and much more, to develop a broad and deep dataset, to help streamline banks’ EBA Pillar 3 ESG reporting.” These metrics include, among others, portfolio-level Implied Temperature Rise.
Goldman Sachs Asset Management announced today the launch of the Goldman Sachs Global Green Bond UCITS ETF, a new Article 9 fund tracking a bespoke index developed with Solactive, tracking the performance of investment-grade bonds denominated in G10 currencies.
Originally published on bloomberg.com Green finance regulatory developments The 2023 United Nations Climate Change 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. degree celsius (1.5°C)
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.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Partners with Pivot Energy to Develop Community Solar Projects to Help Tackle Scope 3 Emissions JERA Nex Enters U.S.
ISS ESG, the sustainableinvestment arm of ISS STOXX, announced today the launch of its enhanced Modern Slavery solution, aimed at helping investors monitor and report their risks around modern slavery in their portfolios.
Indeed, even within a sustainableinvestment strategy not explicitly dedicated to delivering impact alongside returns, GPs can identify the projects that use positive impact tools to identify and make the most of market opportunities. trillion in 2024 as noted by the Global Impact Investing Network.
Morgan EMU Investment Grade Index as a benchmark. Lorraine Sereyjol-Garros, Global Head of Development for ETFs & Index Funds at BNPP AM said: “Fixed income will be a big focus for investors looking to navigate a challenging market environment in 2024.
The labelling regime introduced four labels – including Sustainability Focus, Sustainability Improvers, Sustainability Impact, and Sustainability Mixed Goals – intended to help consumers to differentiate between the sustainability objectives and investment approaches of investment products, along with criteria for the use of each label.
The regulator said that while the growth in investor interest in sustainableinvestments over the past several years “boded favourably for the EU’s ambition,” recent developments have raised concerns about the continued mobilization of private capital to finance the transition, particularly noting political pressure in the U.S.,
NEW YORK and LONDON, October 15, 2024 /3BL/ - AccountAbility has published a new guide to help organizations review and verify their greenhouse gas (GHG) emissions. Misser welcomed the change in mindset related to sustainability globally, with business recognizing the value of sustainabilityinvestments, knowledge, and impact.
It aims to provide a neutral forum for discussing alignment in real estate sustainabilityinvestment indicators, develop temporary solutions to address existing ambiguities, and promote the consistent calculation and disclosure of indicators to alleviate reporting burdens without mandating its application.
In February, sector-specific disclosure rules were pushed back by two years to 30 June 2026 by the European Parliament and Council to give companies more time to prepare for the first set of European Sustainability Reporting Standards.
Issues flagged by the regulators included the need to maintain consistency with other global sustainability reporting standards, and improved definitions to help reporters assess materiality. Overall, the ESAs were broadly supportive of the standards, with ESMA Chair Verena Ross calling EFRAG’s development of the ESRS “A major achievement.”
Million for Misleading SustainableInvestment Claims UK Sets Largest-Ever £1.5 Million for Misleading SustainableInvestment Claims UK Sets Largest-Ever £1.5
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.
The UN SDGs refer to the 17 categories of goals adopted in 2015 as part of the 2030 Agenda for SustainableDevelopment, with the aim to protect the planet and improve the quality of life globally. Newcomers” to sustainability also need guidance on how to set targets meaningful to their financiers.”
and CARROLLTON, Texas, September 18, 2024 /3BL/ - Discovery Education and LIV Golf today announced a new multi-year partnership, LIV to Learn , that will positively impact half a million students worldwide. CHARLOTTE, N.C.,
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