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By Liz Peters This holiday season, it’s not a hit movie ticket or must-have toy you should be concerned with getting your hands on: it’s a pass to IWBI’s SocialSustainability Summit in New York City. On December 13, this groundbreaking, full-day event will be solely dedicated to driving the future of socialsustainability.
Globally, managers with more than US$50 trillion have made netzero commitments via the NetZero Asset Managers’ initiative. We see climate change as a predominant specific factor.
Before the end of the year, it will publish a price for carbon emissions, which Cohen hopes will put an end to one of the many hot and increasingly political debates surrounding the netzero transition. Impact investment is the next step along, because by definition it involves measuring rigorously the impact that you create.
It focuses on five interdependent areas: food systems, circularity, climate, nature and socialsustainability. The company’s Sustainability Report FY23 [3] shows a 20% reduction in value chain [4] GHG emissions and a 47% reduction in GHG emissions across its own operations since 2019. The full FY23 report can be found here.
Moreover, technology must be anchored in society to be sociallysustainable, meaning that the use of resources is well motivated and explained. 6G for sustainability 6G networks should contribute to an overall sustainable development in society by enabling the transformation of other sectors than just ICT.
Much of the required fund-raising will be realised through sustainable bonds, said Moody’s, due to a post-pandemic focus on investment to achieve UN Sustainable Development Goals (SDGs) and major governments’ pursuit of netzero CO2 emissions targets. Developing economies globally need to invest as much as US$4.5
In recent weeks, Bloomberg has announced the launch of the Bloomberg Global Aggregate Green, Social, Sustainability Bond Indices , while MSCI unveiled a suite of indices under the Climate Action banner. Elsewhere, it added, index providers should supply net-zero aligned benchmarks and asset owners should use them.
Clarity and interoperability GTAG has recommended that the UK government confirms the purpose of its approach and definition of DNSH within its H2 2023 consultation for the UK taxonomy to provide market clarity and promote international interoperability.
The science should guide the measurement of sustainable business – particularly when it comes to climate goals. Are all those netzero commitments really ambitious enough? On social issues, there are norms that matter the world over. The first tangle is over definitions.
This has manifested itself most markedly at state level, with some states withdrawing business from asset managers, imposing anti-ESG requirements on suppliers and investigating banks’ climate-related policies, while others have gone in the opposite direction, for example by setting their own netzero policies. So how do we define it?
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