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Clean200 data show that for the large companies that make up 80% of global market capitalization, sustainable revenues and capital expenditures are growing more than twice as fast as all other revenues over the past five years.
But carbon is also moving constantly through the globaleconomy, which historically has been powered by burning fossil fuels for energy. As a result, carbon dioxide (CO2) and other emissions have risen dramatically since the industrial revolution, presenting a daunting array of challenges for people, planet and prosperity.
Foundations , celebrity philanthropists and tech giants alike have announced plans this year, with grand sums of money attached, to combat climatechange. Liz Morrison. Wed, 06/30/2021 - 02:00. The goal: eliminate the use of the combustion engine in personal vehicles and the trucking industry by 2050.
ESG issues continue to gain prominence, with climatechange getting the most attention today. This will have a tremendous impact on nature that, in turn, will affect businesses and the globaleconomy. As with climate-related risks, nature-related risks need to be better understood and acted upon. ClimateChange.
Finance professionals make up a fraction of the global population but are positioned to make and incentivize decisions that can shape the trajectory of the globaleconomy," observed Ogechukwu Anyene, energy consulting manager at PowerAdvocate, who was part of the Emerging Leaders cohort at GreenBiz Group’s inaugural GreenFin event.
The survey indicated that CEOs are more optimistic about global economic growth than in the prior year study, with fewer than half (45%) anticipating a decline in growth over the next 12 months, compared to 73% last year, with lower perceived exposure to factors such as inflation, economic volatility and geopolitical conflict.
In the European Union, the approval of the Corporate Sustainability Reporting Directive (CSRD) is set to bring about a step change in corporate sustainability disclosures and performance assessment. This article focuses on the ClimateChange topical standard of the CSRD, known as ESRS E1.
In its first year, the Index is helping to develop a benchmark for financial security and inclusion across globaleconomies. In general, developed economies tend to pool towards the higher end of the Index, and emerging and developing economies cluster at the bottom. Global Financial Inclusion Index. .
December marks the five-year anniversary of the Paris Agreement — a turning point for the movement to limit dangerous climatechange and environmental destruction. These leaders understood the direct linkage between climatechange and financial risk. On the fifth anniversary of the TCFD, a call to action. Ateli Iyalla.
Global management consulting firm McKinsey & Company’s sustainability-focused platform McKinsey Sustainability and Moody’s financial intelligence and analytical tools unit Moody’s Analytics announced today the launch of a suite of solutions aimed at helping banks identify, measure, and act on climatechange-related risks and opportunities.
The new Deloitte Center for Sustainable Progress report, “Work toward net zero: The rise of the Green Collar workforce in a just transition,” presents a detailed look at the impacts of decarbonization, with a particular focus on the workforce.,
Blackstone leaders joined the Bloomberg New Energy Finance Summit to offer their perspective on the challenges and opportunities presented by climatechange and the energy transition. Robert Horn is Global Head of the Sustainable Resources Group for Blackstone Credit. Jean Rogers is Global Head of ESG at Blackstone.
One recent study found that net zero commitments now cover at least 68% of the globaleconomy. The sixth Intergovernmental Panel on ClimateChange (IPCC) report , published last August, was unequivocal that without an unprecedented, rapid reduction in emissions, the world is on track to exceed 1.5 °C
Understanding Climate Scenario Analysis What is climate scenario analysis? Climate scenario analysis is a strategic tool used by businesses to evaluate the potential impacts of climatechange on their operations, assets, and overall business strategy.
The Comptroller’s office said that it will present the policy to the trustees in early 2025, following research and development to craft the specific policy language, along with an assessment of its implications and impacts. In order to advance into policy, the new proposals would need to be adopted by the trustees of the pension funds.
In Taiwan, where I live and work, a large percentage of companies occupy an important position in the globaleconomy as major suppliers of goods across the industrial spectrum. Sponsored Article. Photo courtesy of José Miguel Salazar.
By: Emma Cutler, Senior Analyst, Verdantix News of climatechange- and El Nino-driven drought slowing traffic in the Panama Canal hit headlines last week. Where the news will likely never appear, however, is firms’ own reporting, even for those that experience significant losses, at least not as a climate-related loss.
Every major economy has an industrial zone like the Port of Rotterdam, a place where smokestacks, pipes, and tanks tell one story of climatechange. Having presented the global risks from Arctic climatechange to audiences at the World Economic Forum at Davos each year, Gail is worried. C of warming.
As we recently marked World Water Day themed Glacier Preservation it servedas a timely reminder that we all have a role to play in tackling climatechange and water stress. A sustainable digital future At Equinix, we withdrew around 6000 megalitres of water globally in 2023, roughly equivalent to the annual usage of 33,900 AU homes.
We must look to the future by enabling an economy-wide transition to net-zero; and focus on the present by helping society to adapt and become more resilient to climate risks. Insurers can help businesses, governments and society prevent and adapt to the physical impacts of climatechange.
Today, the residents of Utqiaġvik face a growing challenge– integrating the culture and values of the past with the technological advances and knowledge needed to preserve their culture and thrive in a changing, globaleconomy. Utqiaġvik is on the front lines of climatechange. If not now – when?
climate action and investments, as public and private sector leaders raise their ambition, deliver on commitments, implement policies to capitalize on the opportunities in the necessary transition to a zero emissions future, and ensure public finance to support adaptation and resilience for developing nations. November 3, 2022 /3BL Media/ -
CalPERS Interim Chief Investment Officer Dan Bienvenue said: “CalPERS is providing a tangible and measurable roadmap as we look to support companies, projects, and technologies that are playing a crucial role in promoting sustainable investing, reducing greenhouse gas emissions, and supporting the transition to a low-carbon economy.
PARIS, November 16, 2023 /3BL/ - The Consumer Goods Forum (CGF)’s Food Waste Coalition of Action has today released its first baseline report , presenting operational food surplus and waste aggregated data from sixteen of its retailer and manufacturer members. said Sharon Bligh, Director of Health and Sustainability.
Employees are seeking safety, security, and stability; regulators seek to ensure their communities are protected from contamination and competition for resources; investors are seeking “sustainable investments” and projects; and business leaders must protect and grow their organization in an ever-changingglobaleconomy.
But the poles are just as involved in the blue economy as the oceans we work and play in. As we observe the United Nations’ World Oceans Day 2024, we pay special attention to polar waters, their global roles and transformations, emerging opportunities they present, and our connection to them as businesspeople.
This year’s theme, “Embracing Instability,” highlights the challenges confronting the globaleconomy and underscores the opportunity to better understand and address underlying issues such as persistent inflation, geopolitical tensions, the rise of artificial intelligence and the precarious state of the world’s climate.
“The harsh reality is that emissions are continuing to rise,” says Philipponnat, adding that much of the discussion among policymakers has centred around reducing the CO2 intensity of our globaleconomy. As these perilous climate projections unfold, one might expect an inevitable upheaval in the globaleconomy.
Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, the UN Secretary-General’s Special Envoy on Climate Ambition and Solutions and Co-Chair of the Glasgow Financial Alliance for Net Zero (GFANZ). “By
—the world is not on track to meet its climate goals. The frequency of catastrophic heatwaves, flooding and droughts continues to have an increasingly deadly and devastating impact on all parts of society—including the globaleconomy. The latest National Climate Assessment found the U.S.
Even before the pandemic, the global learning poverty rate was 57 percent. The economic impact is staggering, with $21 trillion lost in potential lifetime earnings by these students in present value, which is 17 percent of today’s global GDP. trillion in increased productivity to the globaleconomy.
With much of the globaleconomy on pause during the pandemic, greenhouse gas emissions are projected to decline by the largest rate on record. Meanwhile, the worldwide drop in carbon emissions resulting from COVID-19-related lockdown measures clearly illustrates humanity’s impact on the environment. Read the full section here.
The intention is for targets become more ambitious each time they are submitted, with the need increasing in urgency after the Global Stocktake at last year’s COP28. The statement will remain open until 1 November, ahead of COP29 in Baku, Azerbaijan, where it will be presented to governments with the final list of signatures.
Our public policy position on climatechange and environmental sustainability, published in 2023, can be found on our public policy webpage. The conservation and protection of natural resources and global ecosystems yields significant social and environmental benefits for present and future generations.
These are just a few of the nightmare scenarios evoked by UN Secretary General António Guterres following the publication in April of the latest Intergovernmental Panel on ClimateChange (IPCC) report on climate science. We’re on a pathway to global warming of more than double the 1.5°C
Challenge: Accelerating the Shift to Sustainability Climatechange is one of humanity’s biggest threats, and global enterprises are now working closely with governments and regulatory authorities to accelerate the shift to sustainability.
Increasingly mainstream model presents opportunities for mitigating climatechange and ensuring financial returns, says IGCC report. . The IGCC, a group of Australian and New Zealand institutional investors with about A$33 trillion of funds under management, released its report ahead of its climate finance summit in Sydney. .
These returns to landowners are only a portion of the much bigger value of the restoration economy, which includes valuable ecosystem benefits such as flood risk prevention, water filtration, and tourism, which come with creation of forests. Now there is a compelling business case for it, too.
Jose Pugas , Head of Responsible Investments and Engagement at JGP Asset Management , explains why scal ing -u p finance between the global north and south for nature-based solutions is essential to tackle climatechange and biodiversity loss. Brazil is the most biologically diverse country in the world.
If you would like to present at the conference, you must submit an abstract as directed below. non-presenters). PowerPoint) presentations. Presenters invited to give oral presentations must submit a full paper by 1 August 2024, in order to maintain their position in the program. Registration will open in July 2024.
The Sustainable Development Goals Report published earlier this year, presented a candid assessment of progress. The report warned that, while lack of progress is universal, it is the world’s poorest and most vulnerable who experience the worst effects of these unprecedented global challenges.
Ben McEwen, C limate A nalyst at Sarasin & Partners , outlines how capital markets continue to misprice climate -related risks due to the uncertainty involved in climatechange analysis. Governments are increasingly waking up to what is at stake, making policy responses that force change a near inevitability.
Vulnerability calling for operational resilience: The geopolitical landscape is characterized by increasing vulnerability, driven by various factors such as rapid technological advancements, climatechange, and geopolitical tensions. percent impact on global GDP.
Dr. Revi gave a brief talk to the Municipality Council, presenting the concept of sustainable cities. He highlighted the impacts of globalization on cities and drew attention to the dangers for which cities should take precautions to ensure a livable future. Dr. Nilgün Cılız presented SDSN Turkey’s targets and action plan.
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