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This week in ESG news: SBTi publishes first draft of new corporate netzero standard; Canadas new PM cancels consumer carbon tax; Amazon launches service to sell carbon credits to companies; UBS pushes back netzero goals after acquiring Credit Suisse; BlackRock enhances sustainability characteristics for funds ahead of new regulations; global accounting (..)
Unlike other approaches to monitoring emissions, it plans to attribute emissions to specific sources, whether these be individual factories, ships, power plants or a range of other facilities and all its data will be placed in the public domain. Sustainableinvestments should grow as divestment from carbon-intensive industries intensifies.
In the 2024 Global 100 ranking, the top-ranked firms allocated 55% of their investments to sustainable projects, up from 47% the year prior. That compares with sustainableinvestments at a paltry 17% among the broader universe of publicly traded companies with more than US$1 billion in annual revenue. and Brambles Ltd.,
times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping). Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 trillion USD in fossil fuels.
With global trade highly dependent on shipping, achieving netzero may put wind in the sails of other industries’ climate ambitions. International shipping accounted for 2% of global energy-related CO2 emissions last year, according to the International Energy Agency (IEA). What progress has the IMO made?
Emphasizing the impact of a company’s core products and services, the Global 100 is one of the world’s most valued and transparent sustainability ratings. To determine its rankings, over 6,000 companies were assessed across 25 key performance indicators including sustainableinvestment, carbon productivity and racial and gender diversity.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Uber Commits to Emissions-Free Uber Eats Deliveries by 2040 GM Adopts Tesla EV Charging Standard Court Greenlights Greenwashing Case Against KLM MAPFRE Exits NetZero Insurance Alliance Mercedes-Benz Signs Green (..)
On the Path to Becoming NetZero. Planet aims to promptly evaluate and offset its 2021 emissions so that it can begin devising a carbon reduction plan that will provide deep cuts in its emissions in subsequent years in an effort to become a netzero company by 2030, if not sooner.
These are essential for building wind turbines, EVs, advanced semiconductors, and virtually all other clean technologies, which countries need to transition their economies away from fossil fuels to netzero emissions by 2050. eastern coast, and has shipping access to international markets via Lake Ontario and the St.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including Dow Jones, Arabesque, Snowflake, Qontigo, Util, ESGdatapoint and RightShip. .
If 2020 was the year sustainableinvesting went mainstream, then 2021 was the year it was tested. Activist investors should be pushing companies much harder to get serious about going net-zero. The money is flowing, with assets invested in sustainable mutual funds and ETFs doubling from US$17 billion to $34 billion.
Europe’s new code – As Ursula von der Leyen mulled over the composition of her top team for the next five years , the European Commission’s incoming finance chief was already getting advice on the future of sustainableinvestment. It’s harder to say how much of NZAM members’ collective US$57.5
Below is a summary of the discussions and key recommendations for achieving netzero emissions by mid-century. Phoebe Koundouria, a Professor from Athens University of Economics and Business, represented the shipping sector, “We need commercially viable zero emission vessels to start entering the global feet by 2030.”
Minimum requirements – Banks have had a bad press recently for their less than full-throated commitment to netzero. The responsible investment campaign group noted the limits of the policy, pointing out that HSBC is no better than other major European banks in respect of financing firms with oil and gas expansion plans.
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including BlackRock, Invesco, Franklin Templeton, SUSI Partners, AXA IM Alts, Octopus, KGAL and M&G. . ” Franklin Templeton , an US-based international investment management firm with US$1.45 billion in assets globally.
The High Seas Treaty provides the certainty needed for greater sustainableinvestment into the ocean, says Karen Sack, Executive Director at the Ocean Risk and Resilience Action Alliance (ORRAA). They are also cost-effective investments that will help meet the Paris Agreement and Global Biodiversity Framework targets.
As further growth opportunities emerge, investors still need to exercise due diligence when accessing green revenues through fund solutions, said report author Lee Clements, Head of SustainableInvestment Solutions at FTSE Russell. Different funds have different definitions of ‘green products and services’. Growth drivers.
On a more industrial level, the ship-breaking industry in Bangladesh is an example of the “vital and highly undervalued role in global recycling” that developing nations play. Finally, plastic products should be redesigned with recycling in mind using individual polymer plastics.
This week in ESG news: Microsoft announces one of the largest-ever carbon removal deals; Amazon signs deal for low-carbon shipping; Bloomberg survey finds nearly all execs plan significant increase in ESG data investment; Nearly $2 billion raised for green steel buildout; Allianz to invest over $20 billion in cleantech, climate solutions; GRI aligns (..)
There’s something about getting stranded on a remote island that brings things into focus – and in the case of an October kayaking trip, points the way to getting to a net-zero economy on time. A half hour later, a large sturdy Ontario Provincial Police ship motored into the bay to ferry us back to the mainland. Around 4 a.m.,
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