November, 2024

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SEC Fines Invesco $17.5 Million for Misleading ESG Investing Claims

ESG Today

The U.S. Securities and Exchange Commission (SEC) announced that it has charged global asset manager Invesco for making misleading claims regarding its ESG-related investments, including overstating the proportion of assets under management that integrated ESG considerations. Invesco has agreed to pay a $17.5 million civil penalty to settle the SEC’s charges, while not admitting or denying the Commission’s allegations.

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Australian homes could slash energy bills by two thirds by cutting out gas and petrol, AEMC says

Renew Economy

Australian households could lower their bills by over two thirds if they fully electrify their home by cutting out gas and petrol according to a new report from AEMC. The post Australian homes could slash energy bills by two thirds by cutting out gas and petrol, AEMC says appeared first on RenewEconomy.

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Alberta's conservative party invites climate disinformation into policy debate

Corporate Knights

Members of Alberta’s governing United Conservative Party are debating whether to abandon existing net-zero targets at the party’s annual general meeting in Red Deer this week – a move that would further signal the province’s departure from global and national priorities for mitigating emissions. Drawing on longstanding pro-CO2 rhetoric in climate denialism, Policy Resolution #12 asks the government to scrap its decarbonization goals, remove the designation of carbon dioxide as a pollutant, and r

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Delay and pay: Climate tipping point costs quadruple after waiting

Science Daily / Earth & Environment

The cost of reversing the effects of climate change -- restoring melted polar sea ice, for example -- quickly climbs nearly fourfold soon after a tipping point is crossed, according to new work. Much work has been done to explore the environmental costs tied to climate change. But this new study marks the first time researchers have quantified the costs of controlling tipping points before and after they unfold.

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How to Drive Cost Savings, Efficiency Gains, and Sustainability Wins with MES

Speaker: Nikhil Joshi, Founder & President of Snic Solutions

Is your manufacturing operation reaching its efficiency potential? A Manufacturing Execution System (MES) could be the game-changer, helping you reduce waste, cut costs, and lower your carbon footprint. Join Nikhil Joshi, Founder & President of Snic Solutions, in this value-packed webinar as he breaks down how MES can drive operational excellence and sustainability.

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Global Economics Intelligence executive summary, October 2024

McKinsey Sustainabilty

Third-quarter GDP reports reveal a mixed global economy. China faces an economic slowdown; the United States sees growth; and the eurozone is stable. The IMF forecasts a slow but stable global trajectory into 2025.

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Past deadline, COP29 climate talks salvage a meager agreement on climate financing

Impact Alpha

In the end, COP29 lived up to its low expectations. “Abysmally poor.” “A betrayal.” “A complete failure in terms of delivering the ambition. The post Past deadline, COP29 climate talks salvage a meager agreement on climate financing appeared first on ImpactAlpha.

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In the end, the only blackouts were in the media headlines: But there has to be a better way to do this

Renew Economy

Blackout featured prominently in media headlines this week, but not on the grid. But as the coal fleet gets older, there are smarter ways of responding to demand spikes. The post In the end, the only blackouts were in the media headlines: But there has to be a better way to do this appeared first on RenewEconomy.

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Building integrity into the plastics treaty: Lessons from global tobacco control

Eco-Business

As lobbyists flood plastic treaty talks, negotiators must uphold the rule of law to prevent corporate capture, including existing guidelines to stop the tobacco industry — a major source of plastic waste — from influencing policies.

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NASA satellites reveal abrupt drop in global freshwater levels

Science Daily / Earth & Environment

The Earth's total amount of freshwater dropped abruptly starting in May 2014 and has remained low ever since. The shift could indicate Earth's continents have entered a persistently drier phase.

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Digital twins: The key to unlocking end-to-end supply chain growth

McKinsey Sustainabilty

Complexity, COVID-19, and competition have upended supply chain organizations. They can reignite revenue growth and deepen resilience by deploying AI-powered digital twins.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Canada’s plan to phase out animal testing suffers a setback

Corporate Knights

In 2023, Canada's Liberal government passed landmark legislation to phase out chemical toxicity experiments on animals. Bill S5, as it was called, seemed like a big step in the right direction for scientific progress and animal welfare. However, according to some political leaders, scientists and animal advocates, one crucial step has been missed: funding the research centre capable of putting those laws into action.

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More than 40% of Largest Global Companies Integrating ESG Performance in Executive Pay: KPMG Study

ESG Today

The world’s largest companies are increasingly integrating ESG performance in executive and board compensation, and are appointing dedicated sustainability leaders, as they continue to set climate goals and prepare for regulatory sustainability-related disclosure requirements, according to a new report released by global professional services firm KPMG.

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New tender opens for another 6 GW of wind and solar as record year puts 2030 renewables target within reach

Renew Economy

New tender for 6 GW for wind and solar opens, as Climate Authority calls for CIS to be expanded, for more use of local networks, faster planning approvals and more solar and battery hybrids. The post New tender opens for another 6 GW of wind and solar as record year puts 2030 renewables target within reach appeared first on RenewEconomy.

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Local Communities Challenge Michigan Renewable Energy Siting Law

CleanTechnica

A law in Michigan designed to speed up the permitting process for renewable energy is facing strong opposition from local communities. The post Local Communities Challenge Michigan Renewable Energy Siting Law appeared first on CleanTechnica.

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Are Your Impact Comms Resonating With Stakeholders?

Whether your organization is at the start of its sustainability and impact journey or years into it, many brands share a common concern: the uncertainty of whether they are sending stakeholders mixed messages. Creating content that speaks to your audience's “love language” can be a tricky dance. But, worry not! 3BL has put together tips to ensure that your content not only finds its rhythm but also resonates with your target audiences.

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Unexplained heat-wave 'hotspots' are popping up across the globe

Science Daily / Earth & Environment

A striking new phenomenon is emerging: distinct regions are seeing repeated heat waves that are so extreme, they fall far beyond what any model of global warming can predict or explain. A new study provides the first worldwide map of such regions, which show up on every continent except Antarctica like giant, angry skin blotches.

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Harnessing AI to reshape consumer experiences in healthcare

McKinsey Sustainabilty

AI-powered solutions can unlock insights from previously inaccessible data and enable consumer engagement and personalization at an unprecedented scale, in turn lifting healthcare business outcomes.

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Green jobs are abundant. Green workers are not.

Corporate Knights

Economists say that the cost of building a safer, net-zero planet by 2050 should come to US$3.5 trillion a year – a fraction of the world’s economic output, yet still a far cry from current investment levels. But there will be no energy transition unless we can also train enough people to do the jobs needed for that cleaner future – from farming to finance.

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IFRS Foundation Launches Guide to Help Companies Identify, Report Sustainability Risks and Opportunities

ESG Today

The IFRS Foundation announced today the publication of a new guide aimed at helping companies to identify and disclose material information about sustainability-related risks and opportunities that could have an impact on their short- or long-term cash flows, access to finance or cost of capital, and to assess materiality. According to the IFRS Foundation, the new guide comes as “investors and global capital markets are increasingly demanding this information to inform investment decision making

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Mastering Supply Chain Sustainability: Where Does ESG Fit In?

Speaker: Hortense Grouvel

In this new webinar, you will learn firsthand how to set up a sustainable supply chain program that will help meet increasing ESG requirements stemming from regulators, customers, consumers, and investors alike. Hortense Grouvel, ESG expert at IntegrityNext, and Sean Whelan, Global Senior Manager at Halliburton, will look at how ensuring compliance will also help you increase sustainability performance, resilience, and innovation, allowing you to unlock the full potential of your supply chain op

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Eyes of the energy world on Australian vanadium battery tech

Renew Economy

Long duration vanadium storage technology being trialled in Kununurra, it could be rolled out across Horizon Power's microgrids and other systems. The post Eyes of the energy world on Australian vanadium battery tech appeared first on RenewEconomy.

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Baltic Nation Deploys Solar Power For 100% Energy Independence

CleanTechnica

Solar power is featured in the reconstruction of the historic Estonian National Library in Talinn, deploying building-integrated solar panels that match the original roofing material. The post Baltic Nation Deploys Solar Power For 100% Energy Independence appeared first on CleanTechnica.

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American soil losing more nutrients for crops due to heavier rainstorms

Science Daily / Earth & Environment

Phosphorus, a nutrient in soil essential for sustaining most forms of life, is increasingly disappearing from land as it is washed into waterways throughout the United States, according to a new study.

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How the best CEOs build lasting stakeholder relationships

McKinsey Sustainabilty

By developing a compelling, proprietary narrative and a sustainable communications road map, leaders can foster deeper dialogues and more meaningful connections with a wide range of stakeholders.

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What Regulations Will Impact Sustainability Comms in 2024?

Navigating the waters of sustainability reporting disclosures and regulations can be intimidating, to say the least. With various measures set in motion in 2023 to keep companies accountable, there is a lot in store for brands’ impact communication in the upcoming year. 3BL is kicking off this January with our Navigating ESG Comms Through the Cosmos - Capricorn Edition by highlighting the impact of: The U.S Securities and Exchange Commission (SEC) Climate disclosure rules The European Commission

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Australia to reshape manufacturing base as Greens deal excludes fossil fuels from flagship industry policy

Renew Economy

Greens make last minute commitment to vote for $22 billion Future Made in Australia policy under proviso no support would go to coal, oil and gas. The post Australia to reshape manufacturing base as Greens deal excludes fossil fuels from flagship industry policy appeared first on RenewEconomy.

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Australia’s newest and biggest battery charged with surprise role in keeping lights on in NSW heatwave

Renew Economy

Updated: Australia's newest and biggest battery makes a surprise intervention on the grid as the market operator marshalled resources to keep the lights on in NSW. The post Australia’s newest and biggest battery charged with surprise role in keeping lights on in NSW heatwave appeared first on RenewEconomy.

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Extended outages of “always on” baseload power leaves coal states vulnerable to heatwave

Renew Economy

Absence of more than 3 gigawatts of "always on" baseload fossil fuel generators, including at the country's newly subsidised biggest coal fired power station, leaves coal dependent grids vulnerable to heatwave. The post Extended outages of “always on” baseload power leaves coal states vulnerable to heatwave appeared first on RenewEconomy.

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W.A. nearly doubles grid storage as second Kwinana battery finished and wind and solar hit record highs

Renew Economy

Second stage of Kwinana battery completed, which will nearly double the state's storage capacity as wind and solar hit new record shares of more than 85 pct. The post W.A. nearly doubles grid storage as second Kwinana battery finished and wind and solar hit record highs appeared first on RenewEconomy.

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What Questions Are Brands Asking About Their ESG Initiatives Ahead of 2024?

Temperatures are rising (and not just metaphorically) as key stakeholders anxiously anticipate the outcomes of COP28. While companies reconsider their 2024 environmental sustainability strategies, there is another aspect of ESG that deserves exploring, the social sector. In the latest edition of "Navigating ESG Comms Through the Cosmos - Sagittarius Edition", 3BL hones in on this sign’s bold quality of asking questions others are burning to know the answers to.

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South Australia wants to bring back mothballed diesel plants due to lack of demand side options

Renew Economy

South Australia wants to bring back two mothballed diesel generators for the next two summers, citing the lack of demand side measures in the state and delays to the new link to NSW. The post South Australia wants to bring back mothballed diesel plants due to lack of demand side options appeared first on RenewEconomy.

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South Australia’s biggest battery charges up as new wave of storage prepares to enter grid

Renew Economy

Commissioning has started on what will be the biggest battery in South Australia, with a first-of-its-kind contract to deliver a "baseload renewables" supply to the giant Olympic Dam mine. The post South Australia’s biggest battery charges up as new wave of storage prepares to enter grid appeared first on RenewEconomy.

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NSW gives planning approval for giant 2 GWh battery at site of state’s likely last coal generator

Renew Economy

NSW government gives planning approval for another giant battery to be built at the site of a coal fired power generator likely to close within the next decade. The post NSW gives planning approval for giant 2 GWh battery at site of state’s likely last coal generator appeared first on RenewEconomy.

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CSIRO hails successful road test of lower-cost green hydrogen technology at steel plant

Renew Economy

CSIRO says its innovative, potentially lower cost green hydrogen technology has completed 1,000 hours of trial at Port Kembla steel plant without incident. The post CSIRO hails successful road test of lower-cost green hydrogen technology at steel plant appeared first on RenewEconomy.

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The Silver Lining to Corporate DEI Challenges

In our latest edition of Navigating ESG Comms Through the Cosmos - Scorpio Edition, 3BL embraces the perspective of one of the zodiac's most misunderstood signs: Scorpio. While this sign often has a darker view of the world, they do not shy away from shining a light on controversial topics. This month we take a deep dive into corporate pullback of DEI and how companies can utilize astrological advice to reinvent its social impact communication.