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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 (..)
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Purchases Carbon Credits Helping U.S.
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.
This week in ESG news: Deloitte study finds over 70% of companies have abandoned M&A deals over ESG concerns; CDP launches new sustainability reporting platform; EU regulators call for action on greenwashing in financial sector; H&M warns against use of carbon credits in corporate netzero plans; Climeworks unveils carbon removal tech breakthrough; (..)
The launch of the committee marks the latest in a series of ESG-focused moves for the regulator, since the release of its ESG strategy late last year , setting out the regulator’s role in supporting the financial sector to drive positive change and contribute to the netzero transition.
With Google, Unilever and Hitachi among those already signed up to road-test the provisional code, VCMI is hoping more businesses will take up what it calls a globally standardised benchmark when using carbon credits as part of their netzero strategies. . Market-based solutions are critical to reducing emissions.
That action is increasingly associated with elements of ESG, sustainability and reporting frameworks to benchmark progress against lofty goals toward a net-zero future. This includes the CEO, the ChiefSustainabilityOfficer, and increasingly the Chief Financial Officer under financial reporting.
A greater focus on phasing down fossil fuels and ensuring transparency around netzero goals emerged in Sharm El Sheikh, writes We Mean Business Coalition CEO María Mendiluce. Business welcomes greater transparency in reporting on netzero goals. This will require a credible netzero roadmap for the oil and gas industry.
Netzero investors do not start with a blank piece of paper. So, while it’s important to identify companies with inherently sustainable operations, products and technologies – such as renewable energy – asset owners also recognise the importance of funding the transition efforts of hard-to-abate industries. . “A
Currently, just 5% of businesses have assigned responsibility for setting the strategic direction on sustainability action to their organisations CFO. Instead, it falls to an array of other leaders, including the Board of Directors (25%), CEOs (21%), ChiefSustainabilityOfficers (15%) and Chief Operating Officers (10%).
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.
In a huge step forward for netzero economies and supply chains, the U.S. For instance, Probodha Acharya, ChiefSustainabilityOfficer at JSW Group discussed how the company’s cement, with a carbon intensity of 300kg CO2 per tonne of cement, now makes it the lowest carbon cement company in the world.
Nazmeera Moola, ChiefSustainabilityOfficer at South African asset manager Ninety One, highlighted the progress toward the Global Goal on Adaptation (GGA), which should be presented at COP28, but acknowledged that extended timelines provided limited immediate scope to channel private capital into adaptation projects in EMDEs. .
Meanwhile, many have opted to retain their stakes and influence in other carbon-intensive firms as their netzero transition plans evolve. We can’t just preach to the converted around this table,” Esther An, ChiefSustainabilityOfficer, City Developments Limited. “We Humans never learn.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements. Australia Financial Industry Body Sets Anti-Greenwashing Expectations for Fund Managers. Sustainable Finance. Citi Launches Sustainable Deposit Solution in Asia Pacific. Exec Moves.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Amazon, Google, Microsoft, Nucor Pioneer New Clean Energy Investment, Risk Sharing Models with Duke Energy Brookfield In Talks to Acquire Clean Energy Developer Neoen for $6.6
This week in ESG news: HSBC ends financing of new oil & gas projects; EU agrees to a carbon tax on imports; Australia to introduce mandatory climate reporting for companies; Dow Jones Sustainability annual index changes released; Barclays sets $1 trillion sustainable finance goal; Annual CDP environmental scores released; Biden invests $3.7
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 (..)
Examining the key reasons for practicing sustainable investing, nearly 90% of respondents cited demand from clients and external stakeholders, followed by portfolio risk reduction at 80%. The survey found that well over half of investors now have netzero investment targets, including 65% of asset owners and 57% of asset managers.
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