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YKK Corporation has released “This is YKK 2024” IntegratedReport showcasing notable progress in its journey toward climate neutrality and environmental stewardship. waste recycling rate YKK’s Sustainability Vision 2050 aims for climate neutrality and coexistence with nature by 2050.
Securities and Exchange Commission’s (SEC) decision to open public comments on climatechange disclosures to inform its impending guidance — and gets us one more step closer to mandatory ESG disclosure. IIRC is predominantly used in Europe to informintegratedreporting, and that’s OK.". Connecting the dots.
Other tools are more forward looking to support investing that steers portfolios in line with climate commitments over time. For instance, 17 global banks recently piloted PACTA for Banks to analyze their corporate loan books with different climate scenarios and inform future decision-making. Pull Quote.
General sustainability definitions Climate risk Two types of climate risks exist, transition risks and physical risks. According to the EPA , transition risks are related to the transition to a lower-carbon economy, while physical risks are associated to the physical impacts of climatechange.
In its fifth annual Stewardship Report, ClearBridge details its efforts around ESG integration, reporting and disclosures as well as human capital management and diversity, equity and inclusion (DEI). The report also details engagements where ClearBridge was able to improve practices within the companies it owns. “We
DESCRIPTION: Entergy's 2021 IntegratedReport focuses on a number of key sustainability and ESG initiatives, including our sustainability strategy. Read on for an overview of Entergy's approach to sustainability and view our full report at integratedreport.entergy.com. SOURCE: Entergy Corporation.
For more than a decade, climate action has been at the top of SAP’s corporate agenda along with the three other key sustainability focus areas – holistic steering and reporting, circular economy, and social responsibility. One of the company’s climate goals is to foster biodiversity and nature-based solutions to combat climatechange.
This financial contribution will provide quantifiable benefits to mitigate the effects of climatechange beyond SAP’s own value chain with investments in projects that deliver a positive impact for the climate, for local and global populations, and for biodiversity.
Environmental Factors: climatechange strategy, energy management, water stewardship, circular waste strategies, etc. Standards provide an agreed level of quality requirements for reporting on ESG topics. A standard gives a specific outline of what should be reported on each topic. Level of detail provided.
In response to the growing sense of "survey fatigue" from companies who are reporting to many reporting agencies, governments and reporting organizations are seeking to standardize what, where, and how companies report ESG information.
As such, Keysight will work with the SBTi to develop approved science-based targets (SBTs) that will enable the company to measure progress in greenhouse gas emissions reduction and ensure targets are consistent with the latest climatechange scenarios. Additional information. Keysight 2021 CSR Report.
As the world grapples with existential threats like climatechange and biodiversity loss, the spotlight is increasingly turning toward the role of corporations in shaping our sustainable future. In this context, last year's New York Climate Week was a monumental occasion.
Even after the 26th United Nations ClimateChange Conference of the Parties (COP26) came to a close last November, the ESG landscape still remains unclear. This may entail extensive policy, legal, technology and market changes to address mitigation and adaptation requirements related to climatechange.
The Securities and Exchange Commission today proposed amendments to rules and reporting forms to promote consistent, comparable and reliable information for investors concerning funds’ and advisers’ incorporation of environmental, social and governance (ESG) factors. Washington D.C., May 25, 2022 —.
It amends the 2014 Non-Financial Reporting Directive (NFRD) and expands the scope of companies that must report on sustainability topics in a more regulated manner. Overview of Key Features The directive has introduced new obligations and strengthened rules concerning the mandatory annual reporting of social and environmental information.
CDL will prioritise addressing these SROs, given the urgent impact of climatechange on its core businesses. CDL has built up a unique blended sustainability reporting framework anchored on impact and value pillars. The Group identified several SROs with potential financial implications on its business.
Most companies are reporting their emissions, but climate-related targets remain vague, says GRI. . The report, created in collaboration with the National University of Singapore (NUS), assessed the climate-related disclosures made by companies in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam since 2020. .
In that sustainability and ESG are similar terms, but sustainability is used in a broader sense to include climatechange, for example. ESG refers to the environmental, social, and governance information about a firm. This has piqued the interest of investors, many of whom are asking for more information about ESG.
Alongside climatechange, other drivers of nature degradation include land, freshwater and ocean use change, resource use, pollution, and invasive alien species. While the TCFD framework and the GHG Protocol focused on GHGs, primarily as carbon dioxide (CO2) and methane, non-GHG emissions can have a damaging impact both on climate and nature.
The overarching goal of the mandate is clear: to drive businesses to disclose financial impacts arising from climatechange risks and opportunities. Such requirements create better understanding of climate risks and opportunities to inform broader business strategies, risk management and target setting.
The IRF aims to accelerate the adoption of integratedreporting globally, improving the quality of information available to investors and enhancing accountability and stewardship. ” Tech companies Accenture , Microsoft and Avanade have expanded their partnership to help organisations tackle climatechange challenges.
The Asia Pacific (APAC) region leads with 89% of its companies undertaking sustainability reporting, followed by Europe (82%), the Americas (74%) and the Middle East and Africa (56%). At 55%, the Middle East leads on integratedreporting, followed by the APAC region at 30%. Low visibility from high emitters .
Their current ESRS draft standards have three central concepts; Governance (topics include risk management and internal controls); Social (covering workforce, value chain, communities and consumers); and Environmental (covering climatechange, pollution, biodiversity and resource use).
On the other hand, fixed income investors have also started to use ESG ratings to inform their analysis. So, having a rating for 30 years doesn’t make a lot of sense,” said the report. But, Dubost said as issues such as climatechange were more long term, there was a disconnect between the short term versus longer time horizons.
Even before all that, we’d been watching the real-world risks of climatechange looming and growing across the United States and around the world. But the report didn’t pussyfoot around the issues: “Climatechange poses a major risk to the stability of the U.S. snowstorm within 48 hours. Down to business.
Perhaps it is also the proximity of the developments in response both in Europe and at the global level – astonishingly fast in comparison to the highly measured pace in the world of financial reporting standards – which exposes the catalytic effect that each is having on the other. C • any milestones or interim targets. •
Our economic system has failed to address long-standing threats like climatechange, biodiversity loss, disease, water scarcity, and inequality. One of the byproducts of this form of economy is massive levels of climatechange-causing greenhouse gas (GHG). The grey economy.
While many trends in climatechange and sustainability action are worrying, the good news is that governments around the world continue to move regulations forward in ways that could have positive impacts across ESG topics and issues. For more information , view the full newsletter here. View our news feed here.
A court forced Shell to reduce emissions, an activist investor forced ExxonMobil to replace three board members better suited to fight climatechange, and Chevron shareholders voted against their board to achieve faster-cut carbon emissions. The monetization of externalities informs the management in a language they speak.
The big news – the USA is back in the global effort to address climatechange challenges. The North American partners will seek to develop net zero economies, using 100 “clean electricity” and zero emissions vehicle fleets (as examples of climate leadership in action). Climate Summit. TOP STORIES.
It’s very, very easy to criticise and threaten everyone with the worst consequences of catastrophic climatechange, but I’m much more interested in doing something to stop that happening. Doom and gloom leads us nowhere, said Howitt. COP 30 will be a litmus test of where US business stands, said Howitt.
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