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million pounds of plastic from flights; KKR, ECP to invest $50 billion in datacenter capacity and power generation; law firms ramp up ESG training for lawyers; capital raises for sustainable heating, industrial decarbonization, energy sector emissions solutions, and more.
When the planets align, the sustainabilityinvestments yield meaningful emission reductions and a payoff for the owner. Investors are shopping for rental buildings In fact, there’s good evidence in both Canada and the United States that investment capital is now flowing into rental apartments at a pace not seen in decades.
Pence was speaking at an oil and gas conference where executives are being asked tough questions by investors looking to decarbonize their portfolios. They show that many large financial firms are just paying lip service to sustainableinvesting, and we shouldn’t kid ourselves to think that they are in it to change the world.
Key sources of greenwashing risk identified by the regulators included claims about sustainability impact and company engagement made by asset managers, litigation risk related to misleading ESG claims made by banks, and misleading product claims by pension and insurance providers.
Last month, the Canada Pension Plan Investment Board (CPPIB) released its 2022 Report on SustainableInvesting , highlighting its commitment to be net-zero by 2050 and its engagement strategy to pressure companies to manage climate risks.
This week in ESG news: SBTi publishes first draft of new corporate net zero standard; Canadas new PM cancels consumer carbon tax; Amazon launches service to sell carbon credits to companies; UBS pushes back net zero goals after acquiring Credit Suisse; BlackRock enhances sustainability characteristics for funds ahead of new regulations; global accounting (..)
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Purchases Carbon Credits Helping U.S.
NDP MP Matthew Green asked RBC CEO Dave McKay, “When will you stop the greenwashing and double speak with climate plans when really you’re the companies pouring fuel on the fire?” When will you stop the greenwashing and double speak with climate plans when really you’re the companies pouring fuel on the fire? Canada should follow suit.
boards lose focus on ESG, say it’s not the same as sustainability; Microsoft to restart Three-Mile Island nuclear plant to decarbonize data centers; IFRS launches guide for voluntary application of ISSB sustainability reporting standards; Brookfield raises $2.4 This week in ESG news: U.S. This week in ESG news: U.S.
This week in ESG news: Germany’s €50 billion industrial decarbonization plan; U.S. This week in ESG news: Germany’s €50 billion industrial decarbonization plan; U.S.
Operations Rio Tinto Acquires Arcadium Lithium for $6.7 Operations Rio Tinto Acquires Arcadium Lithium for $6.7 Operations Rio Tinto Acquires Arcadium Lithium for $6.7 Solar PV Manufacturing Capacity Green Data Center Solutions Provider Submer Raises $55.5
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements. Apple to Track Suppliers’ Emissions, Targeting a Decarbonized Supply Chain by 2030. Mondelez Ramps Investment in Sustainable Cocoa Initiatives to $1 Billion. Operations. Exec Moves.
This week in ESG news: Microsoft signs one of the largest ever carbon removal deals; Deloitte survey finds over 40% of Gen Z & Millennials would switch jobs over climate concerns; EU Parliament proposes ban on green claims based only on carbon offsetting; Morgan Stanley raises $500 million for climate solutions fund; most companies planning to (..)
The SFAC compiled the report after it assumed responsibility for creating a green taxonomy after the Canadian Standards Association, a non-profit industry body, failed to reach consensus among fossil-fuel and investment-industry representatives in 2020.
This week in ESG news: Most investors planning to increase sustainableinvestments this year, Morgan Stanley finds; ECB pledges to ramp focus on climate risk; Climate data platform Watershed raises $100 million at $1.8 trillion, and more.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements American Airlines Signs Carbon Removal Agreement with Cleantech Startup Graphyte Dow to Build $6.5
This week in ESG news: EU launches green industrial plan to counter US Inflation Reduction Act; California lawmakers propose rule requiring full value chain emissions disclosure from companies; survey finds large majority of companies boosting spend this year on sustainability initiatives despite headwinds; Amazon sets corporate renewable energy record; (..)
CPPIB Lags the Field, Earns Praise from Oil and Gas The report acknowledges that some Canadian pension funds have published ambitious climate strategies, emission reduction targets, and decarbonization plans.
A clear sustainability business case should also be well articulated and understood by the board, management team, and employees as well as external audiences such as investors and customers. Close the perception gap As sustainability initiatives become more prevalent across companies, consumers are becoming more skeptical of greenwashing.
This article was originally published in Newsweek Opinion A fierce debate is currently distracting businesses from their collective responsibility to decarbonize. Recent reports that airlines and other hard-to-decarbonize industries are to stop investing in carbon credits reflect some hesitancy creeping into the voluntary carbon market.
UK Launches “Green Nudge” Initiative to Encourage SustainableInvestment Choices. Australian Securities Regulator Warns it’s on the Lookout for Greenwashing. EU to Require Auditing of Sustainability Reporting, Disclosure by Large non-European Companies. Sustainable Finance. Government & Regulators.
In this paper, we describe our process for assessing ESG-labeled bonds and show that, by systematically applying this framework, investors can help set a gold standard for the market, avoid surprises from controversy and greenwashing, and potentially generate more alpha over time. Less Greenwashing Can Mean More Alpha.
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.
In fact, almost 85 percent of individual investors say they are interested in sustainableinvesting and more than three quarters believe they can use their investments to influence the extent of climate change. Since their onset in 2019, a related instrument, sustainability linked bonds have surged as a source of financing.
Innovation can create opportunities for climate progress and investment returns in 2023, says Sarah Bratton Hughes, Head of SustainableInvesting, American Century Investments. That is our investment stewardship approach, particularly concerning portfolio decarbonisation. Sustainability trends beyond carbon.
This year's event built off the learning from the SDSN's Roadmap to 2050 A Manual for National to Decarbonize by Mid-Century report published in partnership with Fondazione Eni Enrico Mattei (FEEM). The event’s panels on the first day were focused on the decarbonization of the power, transport, industry, and buildings sectors.
This interest is driven by new climate science findings and the strong performance of sustainableinvestments: In 2023, sustainable funds outperformed traditional funds , delivering an overall return of 12.6%, which is almost 50% higher than that of traditional funds. trillion in 2022, a 15% decrease from 2020.
Most of this new capacity will be directed toward decarbonizing industrial emitters such as cement and petrochemicals, and the power sector. Julia Attwood, head of sustainable materials. SustainableInvesting – Greater Scrutiny. Carbon – Reforms Are Coming. In China, prices are languishing below $10 per ton. -
Overall, the survey found that 78% of asset managers and 80% of asset owners globally expect assets in sustainable funds to grow in the next two years, with only 3% in each group expecting a decline in sustainableinvestment allocations or AUM over the same period.
A transparent approach that quantifies the financial value of initiatives that also benefit customers, employees, and the environment can help companies avoid accusations of greenwashing and the financial losses that result from green hushing.
International investment manager M&G Investments announced that it will adopt the new Sustainability Improvers label introduced by the UK Financial Conduct Authority (FCA)s Sustainability Disclosure Requirements (SDR)for its Sustain Paris Aligned range of climate mitigation-focused investment funds.
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