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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.
Last month there was a rare meeting, where the chief executives of Canada’s five largest banks testified before Parliament about their climate commitments. Their testimonies proved why new rules to shift finance away from polluting investments are urgently needed. Canada should follow suit.
Billion SustainableInvesting Mandate from SJP Net Zero Investor Coalition Hits Pause After BlackRock Exit Exec Moves Mars Appoints Alastair Child as New Chief Sustainability Officer Barclays Head of Sustainability Steps Down Sodali Appoints Andrew Benett as New CEO
million pounds of plastic from flights; KKR, ECP to invest $50 billion in datacenter capacity and power generation; law firms ramp up ESG training for lawyers; capital raises for sustainable heating, industrial decarbonization, energy sector emissions solutions, and more.
When the planets align, the sustainabilityinvestments yield meaningful emission reductions and a payoff for the owner. Investors are shopping for rental buildings In fact, there’s good evidence in both Canada and the United States that investment capital is now flowing into rental apartments at a pace not seen in decades.
This week in ESG news: EU Council approves delay of sustainability reporting regulations; ING becomes first major bank with approved science-based financed emissions targets; PwC study finds vast majority of companies are keeping – or raising – climate goals; SEC walks away from climate reporting requirements; Airbus commits to build hydrogen-powered (..)
The Morningstar analysis, which was released in July, is the first time the investment community has had an in-depth look at the climate commitments of NZAMI members. . They join other signatories in the banking, insurance and asset owner sectors that are also part of the GFANZ alliance. . Invesco, ranked No. 20 in the world at $1.6
That is, by showing up to shareholder meetings and trying to steer portfolio companies toward decarbonization. C It was clear at PRI in Person that investors are tired of waiting for governments to put regulations in place that will require companies to decarbonize. Company transition plans can help shine a light.
Among the key priorities outlined by the HKMA’s new agenda include directives for banks to reach net zero financed emissions by 2050 and to provide disclosures on climate risks and opportunities, and for the HKMA to incentivize sustainable finance innovation and to provide sustainable-financed training programs for finance professionals.
The ESAs include The European Banking Authority (EBA), The European Insurance and Occupational Pensions Authority (EIOPA), and The European Securities and Markets Authority (ESMA). Banking regulator EBA found a “clear increase in the total number of potential cases of greenwashing.”
This week in ESG news: EU lawmakers agree to delay sustainability reporting standards for specific sectors, non-EU companies; HSBC launches net zero transition plan; BlackRock invests $500 million in clean energy infrastructure developer; GRI launches biodiversity reporting standard; Capgemini survey finds most business leaders plan to increase sustainability (..)
The company’s latest annual report says it’s also focusing on investing in “emerging transition asset classes” such as carbon capture and storage, recycling and biogas, “where our initial investment positions us for potential future large-scale decarbonizationinvestment.” No company makes the right decision every time.
This week in ESG news: SEC chief says investors want supply chain emissions reporting to manage climate transition risk; survey finds over 80% of companies plan to increase sustainability spend next year; Apple & Nike launch supply chain decarbonization initiative; Porsche to use green steel in cars; KPMG launches decarbonization hub in Canada; (..)
Billion from Pension Insurer Varma Fidelity International Launches New SustainableInvesting Framework to Meet New ESG Regulations Exec Moves ESG Book Appoints Justin Fitzpatrick as CEO SBTi Chief Luiz Amaral Resigns ING Appoints Cindy Jia as Head of Sustainable Finance, Americas
This week in ESG news: Microsoft launches new multi-framework ESG reporting solution; Goldman Sachs exits Climate Action 100+ as political pressure builds; World Bank issues bond with interest linked to reforestation-based carbon removals; GM signs its largest-yet renewable energy deal; Texas expands its divestment list of financial companies “boycotting” (..)
Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals Private Equity & Venture Capital Carbon Accounting and Management Startup Greenly Raises $52 Million Fullerton Fund Management Raises $100 Million for Decarbonization Opportunities-Focused Private Equity Fund KKR Acquires Majority Stake in U.S.
Million for Misleading SustainableInvestment Claims UK Sets Largest-Ever £1.5 Million for Misleading SustainableInvestment Claims UK Sets Largest-Ever £1.5 Million for Misleading SustainableInvestment Claims UK Sets Largest-Ever £1.5
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements American Airlines Signs Carbon Removal Agreement with Cleantech Startup Graphyte Dow to Build $6.5
The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today that it will allocate S$35 million (USD$26 million) over the next three years to support upskilling and reskilling initiatives in order to develop sustainable finance specialists in the financial services sector.
Proposals include the addition of information regarding the decarbonization targets of financial products, and the inclusion of a dashboard providing information about products’ sustainable and taxonomy-aligned investment.
According to Pollination, the new partnership and investment will help extend its reach in key markets including Japan, South-East Asia, EMEA and Australia, and support the firm’s growth, including its investment strategy and decarbonization projects.
Fashion and design brands company H&M Group announced the launch of a new green loan program aimed at facilitating decarbonization in the fashion sector in partnership with Singapore-based financial services group DBS. For us, sustainabilityinvestments are not only a responsible approach but a strategic necessity for future success.”
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements. Apple to Track Suppliers’ Emissions, Targeting a Decarbonized Supply Chain by 2030. Mondelez Ramps Investment in Sustainable Cocoa Initiatives to $1 Billion.
Larry Fink, the CEO of the largest investment firm in the world, wrote in his 2022 letter to CEOs: “It’s been two years since I wrote that climate risk is investment risk. Sustainableinvestments have now reached $4 trillion. Actions and ambitions towards decarbonization have also increased. Source: CK, AYS) 10.
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 net zero across their portfolios by 2050.
Gailliot joins KKR after more than 20 years at Goldman Sachs as a private investor in the firm’s merchant banking division, most recently serving as head of the Energy Transition and the Diversified Industrials investment teams. Lagarrigue and Arora both joined KKR in 2022.
This work culminated in a new report, “ Decarbonization Pathways for Paraguay’s Energy Sector ,” published in November of 2021 by the Columbia Center on SustainableInvestment (CCSI), and co-authored by the Quadracci Sustainable Engineering Lab at Columbia University, and Paraguay-based Centro de Recursos Naturales, Energía y Desarrollo (CRECE).
Kirsty Jenkinson Kirsty Jenkinson is the investment director for the SustainableInvestment and Stewardship Strategies (SISS) team for CalSTRS, the largest educator-only public pension fund in the world with an investment portfolio valued at over $320 billion. Prior to joining CalPERS, Ms. About Ceres.
UK Launches “Green Nudge” Initiative to Encourage SustainableInvestment Choices. EU to Require Auditing of Sustainability Reporting, Disclosure by Large non-European Companies. Mirova Acquires Emerging Markets Clean Energy Investment Investor SunFunder. Sustainable Finance. Government & Regulators.
In fact, almost 85 percent of individual investors say they are interested in sustainableinvesting and more than three quarters believe they can use their investments to influence the extent of climate change. Since their onset in 2019, a related instrument, sustainability linked bonds have surged as a source of financing.
Sustainable Business Summits - Bloomberg’s Sustainable Business Summits bring together business leaders and investors globally to drive innovation and scale best practices in sustainable business and finance. We also hosted New Economy Gateway events for regional leaders in Ireland and Morocco.
such as California’s corporate climate disclosure laws and the Inflation Reduction Act of 2022, which is already delivering hundreds of thousands of new jobs and sustainableinvestments across the country—there is much more that needs to be done to limit global temperature rise and achieve a net zero emissions economy by 2050.
At Ceres Global in New York City, 250+ investors and businesses launched a call for policymakers to protect the freedom to invest responsibly, following recent political attempts to frustrate sustainableinvestment practices. HGVZero2023 has expanded to include new members.
This year's event built off the learning from the SDSN's Roadmap to 2050 A Manual for National to Decarbonize by Mid-Century report published in partnership with Fondazione Eni Enrico Mattei (FEEM). The event’s panels on the first day were focused on the decarbonization of the power, transport, industry, and buildings sectors.
A large and growing share of that investment capitol is going towards impact investments. In an interview with Private Equity International (PEI), Tania Carnegie, the Global Private Equity and Asset Management Leader for KPMG Impact, said she is confident about the future of impact investing.
Fossil fuel companies won’t be credible ESG-labeled bond issuers unless they also have a credible decarbonization plan. 1 Fatica, Serena and Panzica, Roberto, SustainableInvesting in Times of Crisis: Evidence from Bond Holdings and the COVID-19 Pandemic (December 21, 2021). Available at SSRN: [link] or [link]. Location: London.
Clim-Ex: Climate Change, Extractive Industries, and Resource Efficiency The Columbia Center on SustainableInvestment (CCSI) , host institution of SDSN’s Thematic Network on Good Governance of Extractive and Land Resources, participated in a COP23 event on the role of extractive industries in a decarbonized world.
It began with a keynote address by Professor Mari Pangestu , Managing Director of World Bank of Development Policy and Partnership. He discussed graduate salaries and made suggestions on the policy agenda, including ASEAN working with multilateral institutions and taking action on climate through decarbonization.
Supporting resilience and just transition are as important as climate mitigation, says Lihuan Zhou, Associate at the World Resources Institute’s Sustainable Finance Center. Sustainableinvesting is a key part of curbing climate change, and the sector is showing some signs of progress.
This transition will require a far sharper focus on short-term, sector-specific benchmarks tied to decarbonization pathways — starting with the high-impact industries that matter most for solving the climate crisis. . For banks, climate benchmarks should influence loan eligibility, interest rates and debt covenants.
In South America , we co-organized a regional virtual dialogue of Finance Ministers, economists, and energy experts entitled " Towards Decarbonization of the South American Economies ” and also published Decarbonization Pathways for Paraguay's Energy Sector.
“Finding investible projects can be a challenge. There is sometimes a lack of projects with the scale and risk/return profile to attract institutional investment,” said Laura Kaliszewski, Global Head of Client SustainableInvestment Solutions, at Natixis Investment Management.
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