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As COP29 nations gather to discuss climate finance targets, they should know instinctively: You can’t invest in what you can’t measure. And the race to decarbonize that supply chain is intensifying, as reports indicate the earth may already have warmed more than the target 1.5 and the urgency has been ratcheted up again.
Cryptocurrencies have been condemned over their environmental record at a time when traditional investments have been rapidly moving towards greener environmental, social and governance (ESG) values. So how long will it be until crypto earns its green credentials? This story originally appeared in The Conversation.
million over ESG investing claims; IAASB releases first sustainability reporting assurance standards; EU lawmakers delay supply chain deforestation law; Shell wins appeal against landmark climate ruling; CDP strengthens alignment of sustainability reporting platform with GRI, EU standards; IKEA invests $1.6
Building on previous commitments that increase greeninvestments or restrict financing to certain high-emitting activities, recent pledges add to growing evidence that banks are taking a more holistic approach to the climate emergency. What we have given the market is an ambition that our total financing by 2050 will be netzero.
Despite progress on scaling up low carbon energy production and industrial technologies, significant barriers remain in the way of the global ambition to achieve netzero emissions by 2050 and to limit temperature rise 1.5°C,
With sustainable investment, its the same story, Heaps says. That greeninvestment is key to a more sustainable future, telling us where companies are going as opposed to where they currently derive their revenues. Sustainable capital expenditure is growing twice as fast as all other capex. CLIMATE COMMITMENTS 1.5C
Investors’ willingness to deploy capital to fund the UK’s netzero transition is at risk, as recent policy signals have reduced confidence in the government’s commitments to its climate policies, according to a new letter sent to Prime Minister Sunak by a group of financial institutions managing £1.5
While most have set net-zero targets, nearly all of the equity fund portfolios that were assessed – some 95% – are “misaligned” with the goal of net-zero emissions by 2050 that much of the world is chasing, as a tipping point in climate appears ever nearer. FinanceMap’s 2023 report analyzed $16.5 s Federated Hermes.
The plan focuses on key areas including creating a simpler regulatory framework to facilitate netzero industries, upskilling the European workforce for the green transition, accelerating access to investment and financing, and enhancing global trade cooperation for cleantech and raw materials.
Not only have global oil producers generally failed to invest substantially in renewable-energy technologies; now they’re reneging on their green commitments. When you look at the oil industry’s efforts to decarbonize, the results are lacklustre. Suncor invested 10.4% of its capital on green projects in 2022.
Macquarie Asset Management announced today an initial investment of up to €175 million (USD$190 million) in sustainable aviation fuel (SAF) producer SkyNRG, aimed at supporting the company’s growth, and its ambition to become a major SAF producer through the development and operation of SAF production facilities.
For the report, the latest edition of the MSCI Net-Zero Tracker, MSCI assessed the climate change progress of companies within the MSCI All Country World Investable Market Index (ACWI IMI), and included data from its “Implied Temperature Rise” metric. Click here to access the MSCI report.
The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “greeninvestments.”
Fashion and design brands company H&M Group announced the launch of a new green loan program aimed at facilitating decarbonization in the fashion sector in partnership with Singapore-based financial services group DBS. The collaborative finance tool is a prime example of how we can create impact for suppliers.
billion) in proceeds aimed at funding efforts to support the country’s transformation to a carbon neutral economy, with a particular focus on decarbonizing hard-to-abate industrial sectors. Japan has committed to reach netzero emissions by 2050, with an interim 2030 goal to reduce greenhouse gas emissions by 46% by 2030.
Insurance has wide-ranging influence, and insurance companies can help decarbonize much more than their own operations. New insurance products and greeninvestments can also support advancements in cleantech, allowing insurers to have a far-reaching impact on climate. Helping clients adopt more sustainable practices.
Before joining KKR, Lagarrigue was a founding partner in growth equity firm General Atlantic’s decarbonization-focused fund, BeyondNetZero , and Arora served as head of Macquarie’s GreenInvestment Group for Asia-Pacific. Lagarrigue and Arora both joined KKR in 2022.
Boeing Unveils Tool to Assess Aviation Decarbonization Pathways. UK Commits to NetZero Domestic Aviation and Airports by 2040. UK High Court Orders Government to Provide Details on Plans to Hit NetZero Targets. Natixis Launches Green Debt Product Enabling Clients to Support Financing of Renewable Energy Projects.
This week in ESG news: Biden admin invests $6 billion in industrial decarbonization projects; Microsoft signs one of largest-ever biochar carbon removal deals; Mississippi orders BlackRock to ‘cease and desist’ from ESG investing; Walmart invests in 1 GW of new clean energy projects; Vanguard found guilty of misleading greeninvesting claims in Australia; (..)
She was referring to the green transition, and the opportunities and challenges that lay before us as world leaders race to decarbonize their economies. An economy in which investment is driven toward the right mix of climate solutions will help achieve an equitable transition to a net-zero economy.
She was referring to the green transition, and the opportunities and challenges that lay before us as world leaders race to decarbonize their economies. An economy in which investment is driven toward the right mix of climate solutions will help achieve an equitable transition to a net-zero economy.
This article was first published in Forbes Today 100 CEOs announced a push for governments to boost the business case for greeninvestment, in the run-up to COP29 in Azerbaijan. Since then over 500 companies have signed on, committing to reach netzero carbon emissions by 2040. C global warming target.
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