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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 (..)
Without ‘one true view’ of ESG risk, your business is less likely to be able to connect remote workers, supplychains and your day-to-day operations which help to identify weaknesses or make improvements. When it comes to the integrity of your ESG programme and achieving your objectives, access to data is a key priority.
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.
Billion for Sustainable Food Chain Fund Infrastructure Tech Startup Neara Raises $24 Million to Help Utilities Deploy Renewable Energy, Reduce Climate Risk InterContinental Energy Raises $115 Million to Develop Green Hydrogen Projects
This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supplychain emissions reduction milestone; S&P forecasts $1 trillion sustainable bond market in 2024; Airbus, TotalEnergies launch sustainable aviation fuel partnership; Verizon invests $1 billion in renewable energy; EU lawmakers agree to certification (..)
Markets are favoring those companies that are successfully integrating ESG into their operations including responsible supplychains, while continuously isolating those who do not. This includes the CEO, the ChiefSustainabilityOfficer, and increasingly the Chief Financial Officer under financial reporting.
Sustainability as a financial incentive, not burden In the past, measures to safeguard the planet may have been seen as just a moral or ethical obligation but the business mindset is evolving and today, UK businesses are increasingly seeing the long-term financial benefits.
make greenwashing easier to detect and allow companies that are really delivering on climate action to stand out from the crowd. Natasha Santos, vice president and head of global stakeholder affairs and strategic partnerships at Bayer spoke of the 200 million hectares now covered by farmers in their supplychain using regenerative practices.
In a huge step forward for net zero economies and supplychains, 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.
This, coupled with a nascent taxonomy process, makes investors even more than usually vulnerable to greenwashing. . ” – Helge Muenkel, ChiefSustainabilityOfficer at DBS . . ” – Helge Muenkel, ChiefSustainabilityOfficer at DBS .
Quote of The Week (Christoper Galluzo) “I came into my first sustainability job five or six years ago with this hyper-competitive mindset […] but what I found out very quickly was that in the sustainability space, and all of its permutations, the problems are challenging and difficult enough that you kind of have to deal with your competitors.
Nature is at the base of every supplychain. For now, business understanding and disclosure of nature risk – both from investee firms’ direct operations and along their supplychains – is patchy at best, with firms in the APAC region lagging global peers. Ecosystem services are absolutely critical to the creation of GDP.
Kristina Kloberdanz, senior vice president and chiefsustainabilityofficer of Mastercard, discusses the recent expansion of the Priceless Planet Coalition — which aspires to restore 100 million trees. . Can we create a circular supplychain for supplies? Happy 5th anniversary, Paris Agreement (39:25) .
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. . “The
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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 (..)
In todays economic and political landscape, chiefsustainabilityofficers who can quantify the value of initiatives have a better chance of winning internal and investor funds for those initiatives. Companies embracing sustainable practices experience growth, foster competitive advantage, and enhance human capital management.
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