This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
An Explosion of ESG Bond Issuance. ESG-labeled bond issuance surged to new heights in 2021. Greenbonds, which fund particular projects, continued to dominate. But issuance of social, sustainability and sustainability-linked bonds—which reference specific key performance indicators, or KPIs—grew fastest (Display).
The pullback threatens to erode years of progress, which has made Europe the leading market for sustainable funds , greenbonds and other responsible investments, and jeopardizes the capital needed for the EUs ambitious climate goals. Supplychain audits will be required once every five years rather than annually.
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. Deonna Anderson. Mon, 05/10/2021 - 01:30.
Railroad company Union Pacific announced today the completion of a $600 million greenbond issuance, with proceeds aimed at funding its decarbonize and emissions reduction investments. Union Pacific recently released its Green Financing Framework, outlining eligible categories from investment from its issuances of greenbonds.
The number of companies proclaiming their intent to go net-zero by 2050 has expanded exponentially in the past 12 months, but the ones short-cutting that commitment by a decade are a rarer breed. Because we're Scope 3, it's got to be across your whole supplychain. A little over a year ago we issued our first greenbond.
For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supplychains and lending/investment portfolios are often more complex than for other industries. Finance climate action Financing climate action can take many forms, such as greenbonds or sustainability-linked loans.
billion greenbond to build new netzero chemical plant, and more. Billion GreenBonds to Fund New NetZero Chemical Plant Private Equity & Venture Capital Industrial Decarbonization Startup Celadyne Raises $4.5 Billion to Build Gigafactories Across Europe Dow Issues Inaugural $1.25
This week in ESG news: IBM study shatters “myth” that ESG harms profitability; PwC boosts nature and biodiversity capabilities; Starbucks certifies 3,500 environmentally sustainable stores; Hong Kong to require all issuers to report on climate; EU lawmakers adopt rules tackling deforestation in supplychains; Schneider Electric launches (..)
to Fund Clean Energy Buildout EdgeConneX Secures $1.9 Billion in Financing Tied to Sustainability Goals Private Equity & Venture Capital Fintech Startup Unwritten Raises $3.5 to Fund Clean Energy Buildout EdgeConneX Secures $1.9
The announcement follows Verizon’s issuance earlier this year of its fourth $1 billion greenbond. Verizon has allocated billions from greenbond offerings over the past few years to scale up its use of renewable energy. In January, the company revealed that it had secured approximately 2.6 energy grid. energy grid.
Global Real Estate Investor Hines Targets NetZero from Buildings Without Offsets. Climate Watchdog Warns of “Major Risks” of UK Missing NetZero Goals. Guest Post: ESG Risks in the SupplyChain and Identifying Weaknesses. responsAbility, ESG-AM Launch Bond Fund Targeting Industrial Decarbonization Leaders.
Singapore plans to submit a more ambitious emissions reduction goal at the upcoming COP27 climate conference in November, according to Deputy Prime Minister Lawrence Wong, as part of a strengthened commitment to achieve netzero by 2050. Wong said: “As you can see, our netzero path is not an easy one.
This week in ESG news: Texas pulls $8.5 Renewables Developer Avantus Renovare Raising $7.5 Million to Turn Landfill Waste into Renewable Biofuels ESG Investing Texas Pulls $8.5 Billion From BlackRock Over ESG Investing BlackRock Calls Texas Decision to Divest $8.5
Lenovo is also working with its supplychain to use sustainable biofuels in our ocean shipping with Maersk. SBTi created the first ever science-based Net-Zero Standard for emissions reduction, to establish meaningful goals to measure the journey towards net-zero.
invests over $1 billion in carbon removal projects; BlackRock, New Zealand partner to launch climate infrastructure fund; California launches clean hydrogen strategy; Fitch study finds greenbond allocations overlooking climate adaptation; Goldman invests in U.S.
Many agri-food companies and retailers, whose bulk of Scope 3 emissions occur on farms, are making public commitments to reach netzero by 2050. Today, we are a global leader in health, nutrition and bioscience that is committed to netzero greenhouse gas emissions by 2050.
With new pressure to act on climate change, NBS members want to know how to get to netzero throughout operations. Get Started: How to Be a NetZero Company offers guidance (with a video). How to uphold human rights in the supplychain. And they seek inspiration. Social Justice 8.
The 2025 deadline for submitting new nationally determined contributions opens the door for sovereign debtholders to push for credible netzero transition plans. Sovereign issuers seeking to tie fundraising to ambitious netzero transition goals have been met with intense scrutiny.
An example would be asking AI for the latest GreenBonds and a list of companies where the proceeds could be effectively used. AI can predict the impact of climate change on a company’s operations, supplychain and market demand.
Modi feels the heat – Conducted in record temperatures , the world’s biggest exercise in democracy dealt a blow to the ego of incumbent Prime Minister Narendra Modi, but it’s less clear how the outcome of India’s general election will impact its netzero transition. billion) in green sovereign debt.
Continues to help create long-term value for business through ongoing investments in ESG and supplychain resiliency. The issues we are tackling are systemic, requiring supplychain and business transformation. Black management representation by 60 percent year-over-year. z International, Inc. z International.
Deirdre Cooper, Co-Head of Thematic Equities and Co-Portfolio Manager of the Global Environment Fund at global asset manager Ninety One, says the world’s ability to meet netzero targets will depend on countries such as China and India. What are China’s stated netzero goals? billion in 2021.
Events this week reflected the complex nature of the netzero journeys facing companies, industries and governments. CEO Niels Christiansen also suggested the lack of investor pressure had eased the firm’s netzero journey. A selection of the major stories impacting ESG investors, in five easy pieces.
C pathways, including both those already near netzero and those above netzero but within sectoral 1.5°C Level one is for entities, debt instruments or assets that are already aligned with 1.5°C C pathways and transition plans that predict alignment with those pathways going forward. C pathways by 2030.
Sherry Madera, Chair of FoSDA, says that the EU has been a leader in pushing the growth of taxonomies worldwide, but notes its own taxonomy was the preceded by the Chinese GreenBond Endorsed Projects Catalogue , and notes that its efficacy is yet to be tested. “It
Fortunately for the climate cause, Bill Gates for the last half-decade has invested considerably toward innovations to push the planet toward net-zero greenhouse gas emissions by 2050. There are opportunities in most of these categories for every company to reduce emissions from the top office to the farthest reaches of a supplychain.
“It is welcome to see Target 15’s language on nature disclosures for business that refers to the impacts on biodiversity along supply and value chains, especially since impact across the supplychain are particularly important for agricultural and food sector companies,” said Dr Helena Wright, FAIRR’s Policy Director.
“It is never about the individual, but the collective,” says Jodi-Ann Jue Xuan Wang, 26, the daughter of first-generation immigrants who advises investors and governments on an equitable transition to net-zero. She specializes in climate policy and finance, advising investors and governments on an equitable transition to net-zero.
Speaking at the time the reporting requirements were announced, Energy and Climate Change Minister Greg Hands said: “If the UK is to meet our ambitious netzero commitments by 2050, we need our thriving financial system, including our largest businesses and investors, to put climate change at the heart of their activities and decision making.”.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Shell Board of Directors Sued over “Flawed” Climate Strategy Wendy’s Commits to Slash Emissions Across Operations, Franchisees and SupplyChain HVAC Giant Carrier Commits to NetZero Emissions Across Value Chain (..)
Among the financial instruments most used by the companies, greenbonds (53%) lead, followed by sustainability-linked bonds (30%) and loans (25%). Transport sector companies demonstrate the highest commitment to carbon neutral & net-zero targets (42%) despite lower scope coverage of carbon emissions.
She passed a Zero Carbon Bill during her first term that mandates net-zero emissions by 2050 and campaigned on tougher action this term. . In that role, she was engaged in helping clients develop strategies for supplychain transparency disclosures and claim, emissions reporting and human rights. . "In
For instance, investments in resilient infrastructure—such as flood defenses, sustainable agriculture, or water management systems—offer businesses a means to protect critical supplychains and thereby avoid both local and global disruption from climate shocks.
In related news, NatWest Group issued this week the first bond by a UK bank dedicated to financing and re-financing electric vehicles (EV), raising net proceeds of €750 million (US$811.4 The EV GreenBond originated from the group’s asset finance arm – Lombard.
These dangers increase financial risk, causing damage to facilities and infrastructure, threatening supplychains and raising insurance costs. There are potential opportunities both for equity and fixed income investors, the latter including greenbonds issuance. Challenges do need to be addressed realistically though.
Australia introduced a Modern Slavery Act in 2018, requiring reporting from corporates and investors on slavery preven tion in their supplychains. Graham says at an ASFI event in December the Australia’s Treasurer Jim Chalmers announced a sweeping sustainable finance agenda.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content