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Corporate Knights Global 100 ranking of the worlds most sustainable firms, now in its 21st year, shows that the top firms continue to increase their investment in the green transition. Were finding that growth in sustainable revenues is outpacing all other revenues, says Toby Heaps, co-founder and CEO of Corporate Knights.
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
times more equity in fossil fuel production companies ($880 billion) than in greeninvestments ($309 billion), while the percentage of those carrying out “truly ambitious and effective climate stewardship practices” has shrunk by 45% since 2021: just 18% received an A grade this year, versus 33% in 2021. trillion (all figures in U.S.
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.”
In her speech introducing the plan today, von der Leyen highlighted how many countries are “stepping up their investment in the net-zero industry,” noting in particular the U.S.’ von der Leyen said: “Let me be very clear on this one: We welcome this, this is good news.
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. We see that our industry is committed to tackle its negative climate impact.
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.
the EU and Canada and each region looking to attract massive private sector investments as well. The investors added: “Building on the UK’s position as the world’s largest net exporter of financial services, sustainable finance is a major growth industry in the UK. trillion in assets under management.
This week in ESG news: Vanguard launches its first impact fund; Biden considers declaration of climate change emergency; Deutsche Bank appoints its first Chief Sustainability Officer; UK government given 8 months by high court to come up with a climate plan; BlackRock acquires waste-to-renewable gas company for $700 million; PepsiCo issues $1.25
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