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HSBC announced today that its Group ChiefSustainabilityOfficer Celine Herweijer will be stepping down from her role and departing the bank at the end of the year. The firm said that Julian Wentzel, currently Head of Global Banking, MENAT, will be assuming the position of Interim Group ChiefSustainabilityOfficer.
Billion Sustainable Investing Mandate from SJP NetZero Investor Coalition Hits Pause After BlackRock Exit Exec Moves Mars Appoints Alastair Child as New ChiefSustainabilityOfficer Barclays Head of Sustainability Steps Down Sodali Appoints Andrew Benett as New CEO
This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainable investment labels, reduced SFDR (..)
proxy voting recommendations; capital raises for battery tech, e-fuels, energy storage, carbon removal; Microsoft sources solar energy in Texas, Illinois; IBM, Ramboll partner on sustainability strategy & reporting solutions, and more. Board Directors Prefer Executives Stay Quiet on Social Issues: Report
“Taking planetary boundaries into account means that meeting the four key human demands —energy, food, manufacturing, and mobility—will require fundamental system changes,” said Jörg Eigendorf, ChiefSustainabilityOfficer, Deutsche Bank, in an interview with SAPVoice on Forbes.com.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements HSBC Buys Biomass-Based Sustainable Aviation Fuel in Deal with Cathay Pacific, EcoCeres Alfa Laval Accelerates NetZero Goal by 3 Years to 2027 Mercedes-Benz Sharpens Sustainability Focus on 6 Key ESG Areas BlackRock, (..)
Private banking and asset management company Edmond de Rothschild announced today the appointment of Nathalie Wallace as ChiefSustainabilityOfficer. Cynthia Tobiano, Deputy CEO of Edmond de Rothschild, said: “We are delighted to welcome Nathalie to Edmond de Rothschild.
DESCRIPTION: Fifth Third Bank’sChiefSustainabilityOfficer Mike Faillo will be presenting at Bank Director’s Bank Audit & Risk Committees Conference this week in Chicago. Faillo will appear as part of a panel discussion on June 15 titled, “How Banks Are Stepping Up Their ESG Plans.”.
The report also reflects CDLs pioneering sustainability leadership since 1995, as well as its progress toward Environmental, Social, and Governance (ESG) goals and targets under the CDL Future Value 2030 Sustainability Blueprint. It achieved a 38% reduction in Scope 3 embodied carbon in new developments compared with a 2016 baseline.
HSBC announced today the launch of its first NetZero Transition Plan, outlining the global bank’s strategy to finance and support the transition to netzero, and to meet the climate goals it has set over the past few years. Click here to access the HSBC NetZero Transition Plan.
Deutsche Bank announced the publication of its initial Transition Plan, outlining the bank’s methodologies, targets and achievements on its path to net-zero by 2050, across its own operations and supply chain, as well as financed emissions. This will allow us to continuously refine our own Transition Plan.”
International banking group Standard Chartered announced that it achieved $982 million income generation from sustainable finance in 2024, growing by 36% year-over year. Standard Chartereds new netzero financing goals come as several of its peers have pulled back on finance goals or departed climate-focused initiatives.
International banking group Standard Chartered announced that it achieved $982 million income generation from sustainable finance in 2024, growing by 36% year-over year. Standard Chartereds new netzero financing goals come as several of its peers have pulled back on finance goals or departed climate-focused initiatives.
Standard Chartered announced today the appointment of former Credit Suisse Global Head of Sustainable Finance Dana Barsky as Global Head of Sustainability Strategy and NetZero. Barsky will be based in Singapore, and report to Group ChiefSustainabilityOfficer Marisa Drew.
International bank and financial services company Standard Chartered announced today that it has appointed Kerry Constabile to lead the company’s netzero and sustainability strategy teams. Constabile joins from Google, where she led the company’s sustainability strategy and company-wide climate plans.
Perspectives From Bonds to Boards Athen Bozoglu, Head of Portfolio Marketing, Nasdaq | Sarah Williamson, Chief Executive Officer, FCLTGlobal | Carol W.
Highlighting significant sustainability-related growth opportunities, Deutsche Bank unveiled an estimate today that its revenues from ESG business will grow to approximately €1.4 Jörg Eigendorf, ChiefSustainabilityOfficer of Deutsche Bank, said: “For us, sustainability is both a matter of responsibility and opportunity.
International banking group Standard Charteredannounced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach netzero emissions across its financing activities by 2050.
Deutsche Bank unveiled a series of targets to reduce its financed emissions in several carbon-intensive sectors, including Oil & Gas, Power Generation, Automotive, and Steel. According to Deutsche Bank, the new targets for the four sectors account for a significant proportion of the bank’s €250 billion loan book.
The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the appointment of Gillian Tan as its new ChiefSustainabilityOfficer. Tan will take on the role from current ChiefSustainabilityOfficer Dr Darian McBain, who will leave MAS in December.
Credit Suisse announced today the publication of its Climate Action Plan for its investment businesses, outlining the strategies and actions to be taken by Credit Suisse Asset Management and Credit Suisse Wealth Management to achieve netzero across their portfolios by 2050. The time to act is now.”
The number of companies proclaiming their intent to go net-zero by 2050 has expanded exponentially in the past 12 months, but the ones short-cutting that commitment by a decade are a rarer breed. I've got history in sustainability, but I'm a business guy. Photo courtesy of PepsiCo. We will go another five years through 2026.
Wu joins the firm after 15 years at Bloomberg New Energy Finance, where he most recently served as Head of Asia Pacific, working with governments, finance, energy and technology companies on business strategies for a netzero world. HSBC set a target in 2020 to align its financed emissions to netzero by 2050.
Perspectives From Bonds to Boards Randall Hopkins , Head of ESG Solutions, Nasdaq (moderator) Sarah Williamson , Chief Executive Officer, FCLTGlobal Craig M Hurlbert , Co-Founder & Chief Executive Officer, Local Bounti Corporation Carol W.
International banking group Standard Chartered announced today a new commitment to set a science-based target by 2025 to reduce financed methane emissions from the oil and gas sector. metric tons of CO2e.
Unilever Launches Sustainable Laundry Capsule with Reduced Carbon, Plastic Footprint. Sobeys Parent Empire Commits to NetZero Goals. AllianceBernstein Commits to NetZero Investments and Operations. Nestlé Opens $340 Million Green Electricity-Powered, Zero Wastewater Coffee Factory in Mexico. Exec Moves.
International banking group Standard Chartered announced today an update to one of its key value chain emissions reduction goals, replacing its prior intensity-based oil and gas sector financed emissions reduction target with a new commitment to reduce absolute emissions from its activities in the sector. metric tons of CO2e.
a climate change advisor at the World Bank, told CBC. Cenovus Energy ChiefSustainabilityOfficer Rhona DelFrari told CBC her company has cut its methane emissions 59% over three years, and is aiming for an 80% reduction from 2019 levels—a considerably easier benchmark than the 2012 reference year in the new federal standard—by 2028.
The United Nations has created a High-Level Expert Group on the NetZero Emissions Commitments of Non-State Entities to develop standards for netzero emissions pledges by businesses, investors, cities and regions.
Establishes SustainabilityOffice and appoints Mike Faillo as ChiefSustainabilityOfficer. DESCRIPTION: CINCINNATI, May 27, 2022 /3BL Media/ - Fifth Third today announced six new operational sustainability targets to be achieved by 2030. SOURCE: Fifth Third Bancorp.
It was just 120 years ago, on December 17, 1903, that the Wright Brothers of Dayton, Ohio mastered the air with a controlled, powered flight in what we now know as an “aircraft” on the Outer Banks of North Carolina. His new assigned mission: elevate Boeing’s focus to enable the company to achieve a more sustainable future.
Founded in 2019, London-based Pollination works with financial institutions, large companies, and governments to implement netzero and nature-positive transition strategies, with expertise provided in areas including finance, investment, corporate governance and strategy, technology, law, and policy.
By issuing bonds, loans, or other financial instruments, the companies hope to support clean energy and socially conscious projects in the pursuit of net-zero emissions. Read more: NY Green Bank raises $314 million to meet demand for clean energy project financing.
Establishes SustainabilityOffice and Appoints Mike Faillo as ChiefSustainabilityOfficer. DESCRIPTION: CINCINNATI, May 9, 2022 /3BL Media/ - Fifth Third today announced six new operational sustainability targets to be achieved by 2030. SOURCE: Fifth Third Bancorp.
Sectoral representation is dominated by various tech segments, including telecoms, chipmakers, computer makers and business service providers, while 10 banks make up the largest single sector. Esther An, ChiefSustainabilityOfficer, City Developments Limited. 70 86 Nordea Bank Abp Finland NZAM, NZAO, NZBA C+.
Aerospace giant Airbus announced today an investment in sustainable aviation fuel (SAF) technology and production company LanzaJet, forming part of part of LanzaJet’s current $100 million growth equity funding round, aimed at enabling the company to continue scaling its ethanol-to-SAF technology. Shell , and Suncor Energy.
This week in ESG news: BNP Paribas faces first-ever commercial bank climate lawsuit; HSBC unveils new financed emissions goals; Republicans urge Congress to block ESG investing rule; Allianz to vote against companies who don’t tie pay to ESG goals; United Airlines launches venture fund for sustainable aviation fuel startups; India proposes ESG investing (..)
The launch of the new ETF comes as Singapore endeavors to establish itself as a hub for sustainable finance in Asia, and to attract capital from investors looking to align their investments with climate considerations.
According to MAS, the new ESG disclosure platform comes as a proliferation of sustainability reporting frameworks and standards worldwide and inconsistent data collection methods have created significant disclosure challenges for companies and poor ESG data comparability.
Our expertise is further fueled by education through involvement with leading sustainability frameworks, such as the Global Reporting Initiative (GRI), participation in industry groups, such as the Bank Policy Institute (BPI) and continuous engagement with stakeholders through business activities and our stewardship efforts.
The report also reflects CDLs pioneering sustainability leadership since 1995, as well as its progress toward Environmental, Social, and Governance (ESG) goals and targets under the CDL Future Value 2030 Sustainability Blueprint. It achieved a 38% reduction in Scope 3 embodied carbon in new developments compared with a 2016 baseline.
I decided to ask some of my colleagues also working in the field of environmental sustainability at Cisco´s ChiefSustainabilityOffice how they are coping as well, and this is what they had to share: Hyelom Love “ Eco-anxiety can be daunting, but there’s real power in focusing on the things we can control.
At COP26, the Glasgow Financial Alliance for NetZero ( GFANZ ) declared a sector-wide commitment of US$130 trillion – a number that has increased over the year to US$150 trillion – of private capital to transition the global economy to net-zero greenhouse gas emissions. There are choices,” said Cabanis.
Esther An, ChiefSustainabilityOfficer at City Developments Limited, outlines how the Singapore real estate firm’s sustainability reporting has evolved to communicate value and impact to stakeholders.
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