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Recent prominent media articles have warned of a bubble and criticized sustainable portfolios for being ineffective as agents of change. Sustainableinvestment funds are mushrooming. Assets under management in Morningstar’s global sustainable fund universe surged to $2.75 We think the critics have missed the point.
Operations Rio Tinto Acquires Arcadium Lithium for $6.7 Operations Rio Tinto Acquires Arcadium Lithium for $6.7 Operations Rio Tinto Acquires Arcadium Lithium for $6.7 Solar PV Manufacturing Capacity Green Data Center Solutions Provider Submer Raises $55.5
A clear sustainability business case should also be well articulated and understood by the board, management team, and employees as well as external audiences such as investors and customers. Close the perception gap As sustainability initiatives become more prevalent across companies, consumers are becoming more skeptical of greenwashing.
Sanch Gupta and Milton Calderon Donefer have saved 52,000 pounds of food from going to waste and delivered more than 60,000 meals to homeless shelters in eight cities. million tonnes of plastic waste over the following decade. I firmly believe in waste reduction and working on leaving the world a better place than I found it,” he says.
If 2020 was the year sustainableinvesting went mainstream, then 2021 was the year it was tested. As of spring, the sustainableinvestment ecosystem is looking ripe for growth, with even more new mutual funds and exchange-traded funds (ETFs) on the market. Overall, 2021 was a mixed bag for sustainableinvesting.
Despite growing investor appetite, it is increasingly recognised by investors, intermediaries and regulators that the impact investing market is being held back by a lack of consensus on its definition, beyond the broadest of terms. With an average 3.5 ESMA plans to undertake further considerations for index and impact funds.
The Commission has finally given us clarity on the general orientation of the RTSs,” says Victor van Hoorn , Executive Director of the European SustainableInvestment Forum (Eurosif). . He adds that instruments for which sustainability data is “lacking” will not be accepted as Article 9 products. .
The FCA finalised the four new labels – focus, improvers, impact and mixed goals – for UK sustainability-focused funds last year as part of its work to limit greenwashing. Fund managers will be able to use them from 31 July, with disclosures required 12 months later.
Against a backdrop of inflation, supply chain issues and a rising cost-of-living, UK leaders are steadfast in their environmental commitments as they view sustainability action as a means to offset economic uncertainty. This is being further exacerbated by the use of conflicting measurement methods for reporting.
It is also key if you’re a company operating in multiple geographies that you don’t have to report to different frameworks – as it becomes time consuming and a waste of resources.
Richard Hardyment, Head of Engagement at the Institute of Business Ethics, calls for a revolution in the mechanics of measurement to realise sustainable finance’s potential. There are accusations of greenwashing from one side, ‘wokeism’ from another, and a lingering question on everyone’s lips: is it making a difference?
Freek van Til, Project Manager at the Dutch Association of Investors for SustainableInvestment (VBDO), is leading an engagement programme on plastics targeting 38 companies in the consumer goods and grocery retail sectors. But critics say these fall far short of what’s needed. Many of those are covered by As You Sow’s report.
“A number of asset owners have set their decarbonisation targets and are now realising they have to also support the transition and need to incorporate this into their sustainableinvestment strategies,” Nazmeera Moola, Ninety One’s Chief Sustainability Officer, tells ESG Investor. .
Kirby tells ESG Investor how research conducted by EY focuses on various drivers that ultimately influence sustainableinvestment decision-making. These four quadrants, he says, cover a wide range of aspects that are crucial for comprehensive ESG risk assessment.
It was proposed as a part of the EU Action Plan on Sustainable Finance , which was introduced in 2018, and officially adopted in July 2020, requiring companies and financial institutions to disclose the proportion of their activities that are taxonomy-eligible or taxonomy-aligned.
Teresa Parejo, Sustainability Director for Iberia who presented Iberia’s plan: “Fleet renovation, digitalization of on-board paper, and a zero cabin waste plan are some of the actions to incorporate the SDGs into the aviation sector.” Representing the aviation sector was Ms.
For example, a leading ecommerce marketplace has an entire website showcasing its progress toward sustainability goals such as packaging waste reduction, renewable energy generation, and more sustainable products. 65% of global consumers want to make sustainable purchasing decisions.
Examples of activities that could be labelled as transitional under a UK taxonomy include the production, use and disposal of building materials, the agricultural sector, and tackling food waste, Bush suggested. Singapore has developed a traffic light approach to categorising transitional and sustainable activities with its taxonomy.
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