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The impact of human rights abuses in portfolio companies and their supplychains is becoming more apparent to investors. Martin Buttle, Head of Good Work at NGO ShareAction says, given the estimates, “there is a very real chance that victims are present in the global supplychains” of investee companies.
To divest or not to divest? Another is establishing the liquidity levels of those investments which enable rapid divestment. Many began the divestment process because of evidence of systematic human rights abuses and corruption led from the very top. However, allocators’ work does not end there. billion (£2.3 billion (£2.3
More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. A clothing manufacturer in a developed market will be subject to more stringent requirements for environmental performance and labour rights than one in an emerging market,” it noted.
Research finds negligible decline in state-imposed forced labour despite regulation, as Asia’s central position on issue draws eyes to Uyghur solar supplychain risk. This included goods made outside the EU using forced labour, as well as products manufactured in the EU containing parts from forced labour abroad.
Furniture manufacturer and retailer IKEA has launched several resale pilots in the last few years. These regulations help ensure that the manufacturer of a product is responsible for its ultimate recycling, reuse, or disposal. Rental, repair, and resale models are also gaining ground in the retail industry. Taking Responsibility.
Given multinationals’ complex global supplychains and trading relationships, the vast majority of today’s goods are sourced and produced far from where they are sold and consumed. Replacing sourcing and manufacturing for those sectors will not be an easy task, but is not only possible – it is necessary.
Research finds negligible decline in state-forced labour despite regulatory efforts, as Asia’s central position on issue draws eyes to Uyghur solar supplychain risk. This included goods made outside the EU using forced labour, as well as products manufactured in the EU containing parts from forced labour abroad.
The Investor Alliance for Human Rights (IAHR), together with Anti-Slavery International and Sheffield Hallam University’s Helena Kennedy Centre for International Justice, has released investor guidance on how to address Uyghur-linked human rights risks in the green technology supplychain.
In short, companies should deploy holistic frameworks of operational and supplychain due diligence, to meet increasing regulatory scrutiny and maintain their social licence to operate.” She continues that companies should have clear policies and proactively assess the potential adverse impacts of their operations on people and the planet.
Latest innovation in hi-tech and sustainable glass manufacturing. The production facility is also expected to set new standards in sustainable glass manufacturing. This new facility in Warren County will create great job opportunities for our residents and bring innovative new technology to Kentucky’s manufacturing sector.
Process emissions produced by manufacturing or production. More than half of Maersk’s top 200 customers have ambitious science-based or zero-carbon targets for their supplychain,” offered Mads Stensen, Senior Sustainability Advisor at Maersk, “and they are dependent on us helping them [reach] these targets. Electricity.
The fashion industry alone represents 4% of global freshwater extraction as the resource is required for each step of its manufacturing from growing cotton for clothes, to dyeing fabrics, and treating the final product. The complex and potentially deadly nature of the world’s water crisis is being worsened by industry.
Then we can create the trade relationships that will underpin international supplychains for these new industries.” He cited the IRA as an example of a government initiative having successfully triggered a manufacturing and investment renaissance. It would also create supplychains that can support the wider economy.
Divestment from Russian investments was a complex affair and an incomplete one. New research finds that many major firms are sending mixed messages on their withdrawal, while reports elsewhere suggest firms including weapons manufacturers continue to evade sanctions.
Asset owners are increasingly aware that decarbonsing their portfolios through divestment does not necessarily reduce CO2 emissions in the real world, meaning that many are open to extending or escalating engagement even when progress is frustratingly slow. Impact through stewardship. Understanding these nuances is important.
Angelini manages the sustainability aspects of both Timberland’s partnership with Other Half Processing to build a more responsible leather supplychain, and its partnership with Terra Genesis International to build the world’s first regenerative rubber supply system for footwear.
This article assess the impacts for the solar panel supplychain. Customs and Border Patrol (CBP) issued a Withhold Release Order (WRO) instructing ports of entry to detain shipments containing “silica-based materials” that are “derived from or produced using” product manufactured by Hoshine Silicon Industry Co.
In Vayres, the heat is used to pre-heat recycled glass – an important raw material in glass manufacturing – which in turn reduces energy consumption manufacturing process. The heat recovered from the Reims plant is used in domestic homes in the local community. dollar, (18) changes in tax laws or U.S.
The divestment movement will wane. The US is poised for a breakout year due to the combination of new EV manufacturing capacity and a refreshed federal tax credit but will still lag Europe and China. Leaders will seek ways finance can really affect the transition, not just associate with the positive. Energy Storage – Pricey Metals.
Will Martindale, Group Head of Sustainability at fiduciary manager and pension provider Cardano , has been on the front-line helping pension funds to implement their disclosure requirements and says this has been made more challenging by a lack of data from investee companies, particularly on Scope 3 (supplychain) emissions.
Value chains are global and as such, investors have the unique power to hold companies accountable for child labor practices, environmental degradation and poor governance through divestment or the funding of competitors. We believe there is greater opportunity for traditional and electric vehicle companies, as well as tech companies.
Further complicating the role of indices as a lever of change is that investors’ existing underlying exposure to commodities is often whispered in quiet corridors, blamed on supplychains where their influence is thin or on mining monoliths that no investor can afford not to hold in their portfolio.
And the mayors of 12 cities — representing 36 million residents — announced their plans to divest from fossil fuels. The RE100 , which represents more than 260 companies committed to using 100 percent renewable power, added new signatories including Intel , ASICS (the apparel company), pharma firm Sanofi and manufacturers SKF and VELUX. .
In November 2022, Dutch pension funds resisted a call to increase investments in weapons manufacturers. Many investors also have weapons-focused exclusions enshrined in their investment policies. Europe’s defence industry has also lobbied hard to persuade officials to consider weapons investment as a sustainable economic activity.
A strong target of attack in Wiener’s Greenhouse Gases: Climate-Related Financial Risk Act (SB 253) is its mandatory requirement of Scope 3 reporting – greenhouse gas (GHG) emissions linked to a company, but outside its operations, such as its customers or supplychain.
The fossil fuels divestment movement continues to grow and as indicated in a recent report by DivestInvest, 1,500 investment institutions, responsible for $39.2 trillion in assets, have committed to divest. Student divestment movements have succeeded in removing fossil fuels from a number of universities in 2021.
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