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This rule is a floor, not a ceiling, for companies to report how their business is adapting to a globaleconomy that is transitioning away from fossil fuels,” said Maria Lettini, CEO of the U.S. SustainableInvestment Forum, in a statement.
Globally applicable standa rd s will open “new horizons” for identifying sustainability risks and opportunities to inform long-term investment decisions , say market participants.
There are challenges being mounted to investment managers openly embracing ESG / sustainabilityinvestment principles. Few things will impact capital allocation decisions – and thereby the long-term value of your company – more than how effectively you navigate the global energy transition in the years ahead.”.
Data provider appoints former Trucost CEO Richard Mattison to accelerate initiatives and develop fresh strategies for sustainableinvesting. Mattison has more than 20 years of sustainable finance experience and previously served as President of S&P Global’s Sustainable1 unit. million in Q3 , up from US$79.9
With ESG gaining more attention and more companies committing to reaching net-zero emissions in the coming decades or otherwise pledging to do better by people and the planet, it’s inevitable that the next generation of professionals in the field will define the future of sustainable finance. Bryanna Briley.
ESG data and scores - Investors and companies can use Bloomberg’s ESG data and ESG scores to informinvestment decisions, help comply with regulatory reporting requirements, manage climate risk and more. We also hosted New Economy Gateway events for regional leaders in Ireland and Morocco.
But the sustainableinvesting boom has not been without growing pains. Asset managers are launching funds labelled as sustainable; firms are creating new roles to oversee sustainableinvestments; and a new crop of sustainability-minded startups are drawing large funding rounds.
Such demands for information are coming from internal and external stakeholders alike. Up to this point, companies have largely been given the flexibility to pick and choose which topics to address, what boundary to apply, how to calculate data, and whether to have their information assured by a third-party.
The report, Sustainability Drives Financial Benefit Across Supply Chains surveyed 150 supply chain, operations, and procurement professionals from various industries across North America. For more information, visit DP World. - The survey respondents were based in the United States and Canada.
The regulatory changes and shifting market demands, as well as the opportunities to innovate and improve operational efficiencies that come with a globaleconomy shifting towards low-carbon technologies. Climate scenario analysis is a vital step in enhancing stakeholder confidence and trust.
She cited the massive growth of ESG initiatives as a great achievement but was wary of the lack of democratized data that can clearly define certain ESG investments as sustainable. Give money to those doing good, take money from those doing bad—that will ultimately drive the transition to a more sustainableglobaleconomy,” Free said.
By the end of the first year, SAP and UNICEFs GenU reached more than 600,000 youth, granting them access to foundational and digital skills opportunities that help young people unlock opportunities in the changing globaleconomy. The challenges are great, but so are the opportunities.
The frequency of catastrophic heatwaves, flooding and droughts continues to have an increasingly deadly and devastating impact on all parts of society—including the globaleconomy. For more information, visit ceres.org and follow @CeresNews. The world is facing unprecedented impacts from a warming planet.
Investors must now apply a double materiality perspective to their sustainableinvestment process to ensure real economy impacts, according to Louis Bromfield, Lead SustainableInvestment Associate at Foresight Capital Management. Infrastructure is the essential backbone to modern economies and societies.
Copenhagen-based Kristensen will account for regional variations in effort to deepen direct institutional relationships with sustainability-focused manager. billion) across listed and private markets strategies, specialising in the investment opportunities arising from the transition to a more sustainableglobaleconomy.
Investors that have already expressed interest in the initiative will receive more information in the coming months. Liudmila Strakodonskaya, Responsible Investment Analyst, AXA IM, said: "Nature protection is a challenge that needs to be addressed to preserve the existence of our societies and globaleconomies.
ESG Investor’s weekly round-up of new hires in the sustainableinvesting sector, including OnePlanetCapital, Cardano Advisory, Marsh, Brown Advisory and Xpansiv. Anthony Chant has been appointed as Investment Director at OnePlanetCapital , the climate change focused early-stage venture capital fund.
The growth of ESG investing, in terms of assets under management, is driven both by investors, whose activities are affected by factors not limited to economic performance, and therefore to the risk-return trade-off, and by regulation aiming to promote sustainableinvestment and financial products as part of the green transition.
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including Federated Hermes, SLM Partners, DIF, PGGM, MEAG and Future Planet Capital. . Global asset manager Federated Hermes has launched a Biodiversity Equity fund, with insights from the UK’s Natural History Museum.
With the globaleconomy heavily reliant on ocean health, a sustainable future is paramount. To date, the ocean and its ecosystems have provided significant benefits to the global community, including climate regulation, coastal protection, food, employment, recreation and cultural well-being.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including MSCI, Tumelo, DSD Lab, Exabel, YoujiVest, R3 and Hope for Justice. . Investors across the network are now provided with the same high-quality advice as fund managers, helping them to make informed decisions.
Waste is responsible for 20% of the world’s human-related methane emissions , according to the UNEP, with these emissions likely to continue wreaking environmental havoc, making it challenging to achieve the UN Sustainable Development Goals (SDGs). Everything needs to be top-down informed.” The economic cost is also substantial.
In Europe, the Green Taxonomy and Sustainable Finance Disclosure Regulation have set standards for what counts as sustainableinvesting, which include private equity. We believe that private markets are uniquely positioned to promote sustainable practices, to the benefit of the planet, society and portfolio performance.
The resources included deep-dive guidelines for seven sectors – including asset owners, asset managers and banks; high-level guidance for 30 sectors of the globaleconomy; and advice on how to undertake a transition planning cycle.
Supporting resilience and just transition are as important as climate mitigation, says Lihuan Zhou, Associate at the World Resources Institute’s Sustainable Finance Center. Sustainableinvesting is a key part of curbing climate change, and the sector is showing some signs of progress. Still, no fund can ignore climate impacts.
Investment industry bodies have underscored the need for double materiality in response to the UK government’s consultation on non-financial reporting.
Over the last five years, the FTSE Environmental Opportunities All Share (EOAS) Index outperformed the FTSE Global All Cap by 5.9%. However, investment in the green economy must grow markedly faster in order to meet global climate targets, the report highlighted. Sectoral splits.
It is through good stewardship that corporate engagement can drive high carbon emitting companies to develop and implement a net zero transition plan, which will ultimately help to decarbonise the globaleconomy,” says Stephanie Pfeifer, CEO at the Institutional Investors Group on Climate Change (IIGCC). .
The rise in ESG investment has contributed to an increasing demand for quality and comprehensive non-financial information disclosures. Among investors, sustainableinvesting is evolving from negative screening toward engaging with companies. Consequently the information ESG investors are seeking is changing too.
In its latest synthesis report , the Intergovernmental Panel on Climate Change (IPCC) issued a “final warning”, calling for swift and decisive action to keep global average temperature rise to <1.5°C Averting this cataclysm requires the reduction of global anthropogenic greenhouse (GHG) emissions to net zero by 2050.
The NZBA and the Net Zero Asset Managers Initiative (NZAM)were designed to hold financial institutions accountable for their climate commitments while advancing the energy transition and global decarbonisation efforts. As major players in the globaleconomy, the actions of these financial institutions carry significant weight.
This week, EU and US policymakers prepared for big shifts impacting sustainableinvestment, amid further evidence that climate risk is financial risk. Lobbyists and policymakers are gearing up to put flesh on the bones of the European Commissions plans to streamline the requirements of key sustainable finance policies.
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