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When you think climatechange, you need to think about water. Arcadis , a Dutch engineering firm, is applying that knowledge to cities around the world by creating infrastructures with sustainability at the forefront, such as water recycling facilities inside manufacturing companies in Mexico. . Melody Waintal. Pull Quote.
Sustainableinvesting is changing global supply chains: 4 key takeaways. Sustainableinvesting strategies have ascended quickly in the last 10 years. For more great analysis of ESG and sustainable finance, sign up for GreenFin Weekly , our free email newsletter.). José Miguel Salazar. trillion in AUM, 31.7
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For the study, Deloitte’s 2024 CxO Sustainability Report, Deloitte and market research firm KS&R surveyed more than 2,100 C-level executives in 27 countries, across a broad range of industries and enterprise sizes, ranging from $500 million in revenues to over $10 billion.
Investment management firm Fidelity International announced today a new focused sustainableinvestment approach, targeting four systemic themes, including nature loss, climatechange, strong and effective governance, and social disparities, which will drive the firm’s engagement approach towards influencing positive change.
At the GLOBExCHANGE conference, Treasury Board President Mona Fortier and Environment Minister Steven Guilbeault announced that companies wanting to supply the federal government on contracts worth more than $25 million will need to comply with new climatechange requirements. C scenarios, Routledge said.
Experts have backed United Nations Development Programme’s (UNDP) call to recognise the interconnectedness of environmental and social-related issues in tackling climatechange. trillion between 27 March and 28 April this year, with these owners citing data challenges as the biggest barrier to sustainableinvestment adoption.
Ignoring the realities of climatechange — and recognizing the disparate impacts that environmental harms have on systemically vulnerable populations — compels me to continue finding collaborative solutions and frameworks that can work for us all, the "tide that lifts all boats.". Global sustainability expert at SDG Advocate.
Climate Week NYC is not one event, but a collision of more than 900 events at multiple venues across the New York metro area. Sustainability leaders in business, governments, civil society and the academic community all gathered to discuss the most pressing issues in the fight against climatechange under the theme: “It’s Time!”
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Ontario Teachers’ Pension Plan (OTPP), one of Canada’s largest investors, announced the release of its 2024 Proxy Voting Guidelines, with strengthened expectations for company boards on climate oversight.
Responsible investing research must take into account the complexities of relationships, not only within and across intuitively related areas of study—such as the effects of climatechange on biodiversity and vice versa—but also between what have historically been viewed as the silos of E, S and G factors.
On Thursday, March 23, SDSN and Geopark Quadrilátero Ferrífero (an SDSN Member) organized the webinar ClimateChange Impacts on Mining Operations and Mining Territories. Renato Ciminelli, the event explored climate projections, solutions to adapt to future scenarios, and how addressing risks early can maintain competitiveness.
This October, Toronto played host to more than 2000 leaders in sustainable finance from around the world for the PRI in Person conference. The event presented a unique opportunity for the Canadian government to make up for years of foot-dragging and take a leadership position on climate finance policy on an international stage.
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.
By combining an assessment of carbon handprints with research of business fundamentals, we believe investors can create a portfolio of companies with superior long-term return potential that are providing solutions to the world’s biggest climate challenges. What type of companies are held in climate-focused portfolios?
Presented by. The oceans are rising and so are we,” chanted a chorus of climate strikers marching through Manhattan. At 28, Kurtis Layden, senior policy advisor in the Office of the Minister of Environment and ClimateChange, has been a key advisor on the federal ban on some single-use plastics, taking effect in 2025.
announced the launch of its new SustainableInvestments 2030 Strategy, aimed at accelerating its transition to a net zero emissions portfolio, and including a new pledge to invest $100 billion in climate solutions by 2030.
Each of the new funds are classified as Article 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR) indicating that they have sustainableinvestment as their objective, and will have 100% of fund investmentinvested in sustainableinvestments.
The paper also notes that demand for climate-related disclosures has by investors has been steadily increasing over the past several years, with several jurisdictions, such as the UK , the US , and the EU introducing or developing mandatory reporting requirements for companies.
However, according to the reports findings, only 6% of environmental and social proposals are successful, suggesting that shareholder voting has only limited influence in the pivot towards sustainableinvestment. But the volume of engagements makes it hard to be heard above the noise.
In the two years since the signing of the Paris Climate Agreement , what progress has the world made on climatechange? Unlike ever before, non-party actors, (businesses and subnational government representatives), were invited to present best practices and lessons learned to UNFCCC negotiators.
to push for ambitious federal climate policy at LEAD on a Clean Economy 2024 , we at Ceres also took time to reflect on the last year by honoring the business leaders, policymakers, and organizations that took extraordinary action in 2023 to build an advanced, abundant, and just clean energy economy. Senate Climate Champion: Sen.
Nadja Picard, Global Reporting Leader, PwC Germany, said: “We are seeing significant steps towards more consistent reporting from companies around climatechange, however there is a need for improvement.”
What immediate and then the longer-term trends could we be monitoring to identify sustainableinvestment opportunities in 2024 and 2025, and well beyond? What “mega forces” are at work today re-shaping the global capital markets and presentinginvestment opportunities (or, presenting risk in ignoring opportunities)?
Larry Fink, the CEO of the largest investment firm in the world, wrote in his 2022 letter to CEOs: “It’s been two years since I wrote that climate risk is investment risk. Sustainableinvestments have now reached $4 trillion. Dispel the myth that clean investing is about sacrificing returns. Source: CK) 1.
Employees are seeking safety, security, and stability; regulators seek to ensure their communities are protected from contamination and competition for resources; investors are seeking “sustainableinvestments” and projects; and business leaders must protect and grow their organization in an ever-changing global economy.
Under SFDR, Article 8 portfolios should promote “environmental or social characteristics, or a combination of those characteristics, provided that the companies in which the investments are made follow good governance practices.” Article 9 portfolios should have “an objective of sustainableinvestments,” according to SFDR.
Regulation is helping asset owners achieve their sustainableinvestment goals by driving corporate disclosures and honing ESG data quality, according to research from global index provider FTSE Russell.
Originally published on bloomberg.com Green finance regulatory developments The 2023 United Nations ClimateChange Conference (COP28) galvanized the energy around the global green finance agenda, setting the stage for a busy 2024 of green-related rulemaking and policy guidance for the financial services sector.
Circular Economy Benefits and Advantages Embracing a circular economy presents many benefits that span environmental, economic, and social spheres. These investors reported being motivated by the financial performance of sustainableinvestments and new climate science findings.
and avoiding the worst impacts of climatechange. . Leaders of the world’s richest nations are not delivering the clear and consistent policy signals that business is calling for to enable the fastest possible transition to the sustainable, more secure, clean energy future that the world desperately needs. .
Short-termist approach revealed in EY survey leaves institutional investors missing out on opportunities presented by climate action. We need to remember that [themes like] climate action can open the door to strong growth but these opportunities are being easily missed by investors who arent doing their homework.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including SDI AOP, UBS, Climeworks, AXA, Moody’s RMS, Fathom, Reask, Carbon Direct, Genpact and Climate Vault. . Switzerland.
—the world is not on track to meet its climate goals. COP28 presents an opportunity to raise our global ambition and action. Despite recent policy wins in the U.S.—such Recent sobering reports show that the world is not on track to meet the goals of the Paris Agreement and highlight the steps needed to keep the goals in reach.
By navigating the complexities of SFDR, investors can reduce carbon footprints, support the transition and contribute to a more sustainable future , says Pedro Carvalheiro, Head of Capital M arkets at He avyFinance. Article 9 funds are considered the most sustainable, requiring portfolios with 100 per cent sustainableinvestments.
Australia and New Zealand have reached an agreement to tackle climatechange that will see them collaborate alongside other Pacific countries to ensure the “resilience and prosperity” of the region.
However, this goal presented challenges from the start, as the countrys lack of prior experience in private equity investing required us to do some heavy lifting in stakeholder education. address these interrelated challenges, we have invested in clean energy generation through solar and run-of-river hydropower.
Where we only used to see dollar bills flying out the window when thinking of sustainable business models, we now see revenue streams. ESG data can help you identify areas in your business ripe for sustainabilityinvestment and whether your customers will likely grab hold of your sustainable innovations.
Those goals also have a role to play in combatting climatechange, biodiversity loss, and driving equality. Not to be forgotten, achieving those goals helps us sustain the natural capital base that underpins over half of global GDP,” says Hari. Lack of investment options. Prime ingredients for value creation.”.
In September, the CMA issued a consultation to help inform its advice to the UK government on how competition and consumer regimes can better support the UK’s Net Zero and sustainability goals, including preparing for climatechange. Limits to power of collaboration. Removing impediments.
There were mixed signals and missed opportunities on sustainableinvestment in the UK’s latest fiscal statement. And beyond its headline conclusion that we’re on track for only limiting climatechange to 2.9°C, A selection of this week’s major stories impacting ESG investors, in five easy pieces.
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