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Koch Disruptive Technologies (KDT) has led a $32 million Series C round in Silo , the leading provider of modern technology solutions for the supplychain. This is the basis for a number of new services Silo is working on within supplychain finance, logistics coordination and internal workflow automation.”
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 supplychain, as well as financed emissions. This will allow us to continuously refine our own Transition Plan.”
The early stages of the COVID-19 crisis have revealed the brittleness of many global supplychains, not limited to but illustrated by medical equipment availability issues, for example. SupplyChain. Circular Economy. Risk & Resilience. Resilience. Policy & Politics. Ellen MacArthur Foundation.
Funds marketed as environmentally friendly are being used by major asset managers to funnel millions of dollars to the world’s largest meatpacker, JBS, a company notorious for its links to deforestation and human rights abuses via its supplychain. JBS is widely regarded as an ESG pariah.
Alexandra Mihailescu Cichon, Chief Commercial Officer at RepRisk, said: “For a long time, banks, investors, and businesses have been searching for readily deployable thematic risk metrics to streamline their due diligence processes when making financing or investment decisions, engaging new suppliers, or expanding operations.
Logistics giant DHL Express announced today a new strategic partnership with UK-based international bank Standard Chartered to co-invest in Sustainable Aviation Fuel (SAF) through DHL’s GoGreen Plus service, enabling Standard Chartered to balance its upstream logistics emissions with carbon credits.
This lady in a remote rural location not only had a digital bank account that allowed her to receive digital payments, but she had the proof of identity needed for such an account: a unique 12-digit number linked to her biometrics, her Aadhaar. After producing a hot cup of masala chai, she gave us a QR code to make our payment.
The Business Development Bank of Canada (BDC) announced today the launch of a new ESG reporting template, aimed at enabling Canadian VC and mid-market private equity funds to track and report on key ESG metrics in their own firms and across their portfolios.
Market participants are paying special attention to the transparency of covenants, transaction documents and use of proceeds. “To When issuers are first raising money, we are in a better position to push our ideas, as well as talk to the wider circle of banks and debt capital markets to adapt best practices,” he says.
Around 3 billion people across the world rely on solid fuels for their daily cooking needs, and the adverse effects of traditional cooking methods on health , environmental and socioeconomic conditions , especially among women, are well documented. the road network, power supply, etc.), productive capacity, supplychain (e.g.,
A dramatic example was the Kaseya VSA supply-chain attack (2021). Even targeted attacks can spill over; for instance, a zero-day used to attack a software supplier (as in the Kaseya example) can indirectly affect dozens or hundreds of client businesses down the supplychain. When in doubt, dont click the link.
Financial institutions will not be initially subject to EU due diligence directive despite benchmarks showing poor sector performance in addressing risks in supplychain. million) – rearding actual and potential adverse impacts across their operations and supplychains.
This includes the emissions produced from within businesses’ own supplychains; by customers, investments, and even by employees commuting to their workplace. One of the most critical and tangible actions that organisations can take to ‘keep 1.5 alive’ is to tackle their scope 3 – or indirect – emissions.
Martin joins Insider’s “Financing a Sustainable Future” event on May 10th to discuss how stakeholder capitalism and ESG can create broad-based economic prosperity alongside leaders from Bank of America and Dow. We have developed supplychains that are extremely efficient and serve to lower costs. Must-Reads of the Week.
The entire supplychain in Cote d’Ivoire, where 45% of the world’s cocoa is sourced, receives only about 6% of the revenue from chocolate. The partnership aims to help smallholder farmers secure formal documentation of their land rights.
Forty-two percent of these 23 institutions are banks, 26% are development finance institutions, and 21% are pension funds, the remaining 11% being asset managers and insurance companies. Development finance institutions such as the Asian Development Bank and the European Investment Bank are spearheading these investments given their mandates.
Time will tell – Two reports this week gave us a snapshot of the status of asset owners’ efforts to decarbonise the operations and supplychains of the firms in their investment portfolios.
access to bank accounts, government schemes, government-issued ID proofs, etc.), Craft-based work often provides them with their first experience with financial independence and social protections, which usually begins with opening a bank account. Similarly, Jaipur Rugs (also documented by C.K. thereby formalising them.
The need for substantially higher funding for the SDGs has been widely documented, by the SDSN, the IMF, and others. The EU must continue its efforts to monitor and curb negative international spillovers embodied in unsustainable supplychains, notably by collaborating on transition pathways with partner countries.
Acknowledging the challenges around incorporating Scope 3 emissions into portfolio analysis, due to current reporting gaps from corporates, GFANZ says members should include these supplychain emissions wherever possible. . Banking on change . Inevitably, this has led to the cherry picking of models and data.
Indonesia has also established investment infrastructure platform SDG Indonesia One-Green Finance Facility (SIO-GFF) , supported by the Asian Development Bank (ADB) and focused on enabling commercial financing, concessional funds for de-risking, equity funds, and project development.
To date, investors have engaged more with corporates than governments on the issue, encouraging them to report on their deforestation risks and exercise greater due diligence over their commodity supplychains. It is to take deforestation out of supplychains,” he says, emphasising the centrality of the natural world to the economy.
With the EU’s Corporate Sustainable Reporting Directive set to apply to large companies initially from 2024, EFRAG will hone its resources on creating a user-friendly and comprehensive documentation hub and facilitating educational initiatives for business. US-based software company Toyo Seikan Group Holdings, Ltd.
Beginning in fiscal year 2024, federally-regulated financial institutions in Canada – including banks and insurance companies – are already mandated to report on climate-related financial risks. This approach indicates a phased rollout, meaning that requirements will gradually extend to different sectors over time.
It was therefore important to include metrics and guidance related to air pollution in the framework.” Norwegian sovereign wealth fund Norges Bank Investment Management’s (NBIM) TNFD-aligned reporting has revealed notable portfolio exposures to non-GHG emissions and environmental pollution.
Goldman Sachs ‘s and Deutsche Bank’s DWS) for exaggerating claims about their products’ sustainability credentials. Examples are the Swiss art 964 and the German supplychain act. Figure 3: Calculated impacts of company A for the fiscal year 2019 (own operations and upstream supplychain).
For organisations, it’s not just about measuring their own direct CO 2 emissions, but also those generated in the upstream and downstream supplychain. Not every organisation in that chain has the same level of capability or data integrity to be able to do that accurately.
On 9 September, in Brussels, former European Central Bank (ECB) President Mario Draghi presented his report on the ‘The Future of European Competitiveness’. The document outlines the challenges that EU businesses face in being both productive and environmentally-friendly.
Jakob Thomae, Project Director at the Inevitable Policy Response (IPR), cautions against reading too much into a specific form of words in a single document. That’s a good outcome for a consensus document.” Tripling renewables means addressing land use and planning, threats to biodiversity, and supplychain-related issues,” he says.
It also found that greenwashing instances by global banks and financial service companies increased by 70% between 2022 and 2023. Since 2018, this database has been drawing on the work of civil society and the platform’s 60,000 contributors, to document, analyze and assess the environmental and social impacts of over 5,000 companies.
To restore SDG progress, developing countries need a significant increase in fiscal space, through global tax reform and expanded financing by the multilateral development banks. The Covid-19 pandemic has created not only a global health emergency but also a sustainable development crisis. says Jeffrey D.
Coal-fired power plants in Ulaanbaatar, Mongolia (image credit: Asian Development Bank , CC BY-NC-ND 2.0 ” The document from the Climate Crisis Advisory Group (CCAG)[1] sets out seven recommendations that it believes global leaders at COP26 must consider to make carbon pricing more effective. license ).
Amy Wilson, Head of Stewardship Strategies at Norges Bank Investment Management, outlines the sovereign wealth fund’s approach to voting and explains why consistency offers clarity.
Since then, the impact of this case on climate policy has been clear,” said Higham, adding that references to the Urgenda case have become commonplace in the Dutch parliament, as well as in various policy documents.
Land & Nature Barclays is strengthening its deforestation rules for clients in the beef sector, according to policy documents seen by Reuters. The playbook calls on organizations to view buildings as a “material bank” – where every brick and window pane can be reused and recovered at the end of that building’s life.
A similar comprehensive approach is being replicated to help countries secure competitively-priced power in the wind and mini-grids sectors by the World Bank Group and by IFC, respectively. Providing power at US $0.06/kWh, kWh, this was one of the lowest generation tariffs in Africa at the time.
In what may be a first for a federal budget in Canada, the document includes an RBC Economics chart that shows electricity from solar and wind costing less than natural gas. “As This massive battery manufacturing facility will represent a significant portion of the North American battery manufacturing sector,” the budget document states. “It
Arguments throughout the two weeks of COP15, largely over financing, were largely allayed at the end, but the GBF too often lacked numerical targets and time-bound commitments for a document aimed at reversing decades of over-exploitation by the end of the decade. These are signals about what needs to happen on the ground. Finance showed up”.
Sustainability questions are being embedded into requests for proposal documents and onboarding materials. Oliver Camp is passionate about food waste, which he calls a "terrible indictment of our ability to manage our food and supplychains." These efforts by Adams’ team helped MetLife become the first U.S.-based Jesse Klein.
Several other companies around the world are also offering to arrange for collecting plastic from where it winds up and doesn’t belong (landfills, waterways, roadsides), and then verify credits, including Plastic Bank and Plastic Credit Exchange. “As Who’s eligible to buy plastic credits?
We acknowledge that the best way to achieve this is by operating from a consolidated understanding of the relevant data that draws on the G20 Agricultural Market Information System (AMIS), Gro-Intelligence data, and UN institutional, development bank and industrial insights.
Finance will obviously be the enabling factor in making the kind of transition that is required, so it’s a problem if accounting systems continue to act as if nature is “free to use”, a key issue pinpointed earlier this year by The Dasgupta Review , hailed at the time as a landmark document.
The document highlights the extremely high global warming potential of largely unrecorded methane leakages along the whole natural gas supplychain. William Gillett: “Not everybody has the money or enough credit with banks to go out and buy a new heating system.
Working on payment systems at the Moscow office of Raiffeisen Bank International qualified Izmailov for exemption, so his Austrian employer applied to the Russian central bank. Increasingly however, alternative data sources are shedding light from afar, for example using geospatial technology to reduce supplychain opacity.
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