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By Liz Peters This holiday season, it’s not a hit movie ticket or must-have toy you should be concerned with getting your hands on: it’s a pass to IWBI’s SocialSustainability Summit in New York City. On December 13, this groundbreaking, full-day event will be solely dedicated to driving the future of socialsustainability.
The climate crisis, and the necessary transition to a net-zero economy, exacerbate the risks to people across the value chain, whether in the form of lost livelihoods from extreme weather events and rising temperatures, or loss of employment from a rapid shift away from carbon-intensive practices.
But issuance of social, sustainability and sustainability-linked bonds—which reference specific key performance indicators, or KPIs—grew fastest (Display). degrees warming or aiming for net-zero carbon output on most relevant scopes (for most industries, that includes scope 3 ).
A third challenge — equally one we see as an opportunity — comes around socialsustainability and workplace culture. We produced the world’s first environmental management standard in 1992 and since then we have led the way in developing new standards around areas including energy management and sustainable events.
The sustainability shake out is good news In the last decade, many companies and financial institutions have piled into the sustainability space with big and loud ambitions from netzero to living wage throughout the supply chain, although these ambitions have not always been underpinned by detailed plans that would make those ambitions a reality.
India’s entry into the green bond market follows the government’s introduction in recent years of a series of climate-related goals, including a pledge made at the 2021 COP26 climate conference to reach netzero by 2070. The Excluded Project category also includes nuclear power generation and hydropower plants larger than 25 MW.
As more issuers aim to finance their net-zero ambitions and transform their business strategies to adapt to rising policy and market risks, labeled sustainable bond issuance from companies in sectors highly exposed to carbon transition is likely to rise this year.”
Mastercard Business travel is continuing to rebound faster than predicted — and with netzero deadlines looming, it’s even more important to reduce travel’s carbon footprint. When did you start to see environmental and socialsustainability become more of a priority for corporations in the context of business travel?
As part of our continued commitment to the future and in line with our strategic ambition to lead the sustainability transformation, we have taken a holistic approach across five interconnected areas where we can contribute the most: food systems, circularity, climate, nature, and socialsustainability.
We are immensely proud to be acknowledged for our global efforts to drive environmental and socialsustainability through our business operations, product innovation, and community engagement initiatives,” said Marc Bitzer, Chairman and CEO of Whirlpool Corporation. plant operations.
In short, more sustainable snacking is an immense and important task – one we are embracing holistically and wholeheartedly, to drive ever-greater long-term positive impact for people and the planet. Indeed, our ingredient sourcing programs are where most of the work of our carbon emissions reductions and socialsustainability efforts live.
On the sustainability side, Nobuyasu KITAMURA, Japan Sustainability Local Group Steering Committee Co-chair and Senior General Manager, Corporate Sustainability Department, Sustainability Management Division at Suntory highlighted progress made by local groups in areas such as circular economy, palm oil, plastics, and human rights.
Issuance volumes of green, social, sustainability and sustainability-linked (GSSS) bonds rebounded strongly in Q1 2023, resuming double-digit growth trends after falling 18% in 2022, according to a new report from Moody’s Investors Service. trillion in 2021.
Jeffrey LU, CEO of Mengniu Group, said that carbon neutrality is a great challenge to China’s dairy industry and requires the full collaboration of the whole industry chain to create a “net-zero carbon era”. Only by respecting nature and pursuing a harmonious co-existence with nature can we achieve sustainable prosperity.”
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). Socialsustainability requires considering their needs. Sustainable Finance 10. And they seek inspiration.
Taking into account both national and regional targets, the digital twin provided evidence-based projections of future energy demands and emissions, informing the critical pathway to reach a netzero energy system across the region. Our road map to achieving these ambitions is the Regional Energy Masterplan.
And given Moderna’s pledge to achieve net-zero carbon emissions by 2030, the company will also likely design the facility in an environmentally sustainable way. To bring more precision to socialsustainability goals, Bayer audits its sustainability work with the same rigor as its financial work.
ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including Bloomberg, Normative, Sugi, ISS ESG, FE fundinfo and MSCI. . The methodology is based on four core principles: netzero focus, completeness, reliability, and transparency.
The “Sustainability Project of the Year” award celebrates an initiative that has, at its heart, the goal of expanding the sustainability and efficiency of the data and analytics industry. The award highlights the contribution to sustainability achieved through the partnership between CIM and Analog Devices.
When we talk about ESG, one could argue that there is a strong bias focused on climate investing, reaching netzero targets as well as good corporate governance and diversity themes. By Alina Hofer, Lea Katharina Kasper & Dr. Kristjan Jespersen. ? 5 min read ?. But there is much more to ESG.
At the Spring Meetings, the World Bank launched a new lending platform aimed at incentivising middle-income countries (MICs) to use loans to support their netzero transition. This is important because trillions of dollars are needed to make the [netzero] transition happen, and we are nowhere near that. “In
The announcement last week of a consultation on the sector’s role in Britain’s netzero transition only added to its challenges. At least, the offshore wind industry’s best days can still be said to be in the future – unlike the oil and gas wells with which it shares many a North Sea bed.
Globally, managers with more than US$50 trillion have made netzero commitments via the NetZero Asset Managers’ initiative. We see climate change as a predominant specific factor.
The LPFA will publish its netzero plan this September, having made a netzero commitment in September 2021. The committee is chaired by Olga Hancock, Senior Engagement Analyst in the Responsible Investment team of the Church Commissioners for England. billion of assets, as of 31 March 2021.
The role of the minimum safeguards in the taxonomy is critical – the EU cannot make its netzero transition on the back of human rights abuses,” Lysgaard, a member of the PSF sub-group that worked on the draft, told ESG Investor. . “We The consultation period for the PSF’s draft was recently extended from 22 August to 6 September. .
Before the end of the year, it will publish a price for carbon emissions, which Cohen hopes will put an end to one of the many hot and increasingly political debates surrounding the netzero transition. There are lots of prices for the cost of polluting the atmosphere by emitting more CO2.
“The intensity around sustainability is not going away,” said Voûte. The institutional client base wants more reporting, more activity, and more engagement with companies around themes like biodiversity and the netzero transition. That’s where we feel we’ve got an edge.”
Responsible investment opportunities received a further boost earlier this year with the election of a new government committed to transitioning Australia toward a low-carbon economy in line with an accelerated netzero pathway. which has now been approved by federal parliament.
Further, the shortcomings of Europe’s renewable energy directive will be debated more urgently, as energy security concerns combine with netzero targets. As some noted , legislative momentum on sustainability and climate was already slowing, just 100 days after COP26.
As well as this, other key future themes the report identified included the development of taxonomies to help issuers identify suitable projects to finance and the evaluation of issuers according to the quality and clarity of their netzero transition strategies. . billion last year, with a YoY growth of 941%. .
He added: “Increasing financial flows to the sustainable food transition must be at the top of the COP27 agenda if leaders are to leave Egypt with a viable plan for achieving a netzero world.”. Mulder concluded: “The Good Food Finance Network is beginning to take a systemic approach, looking at problems in a holistic manner.
Under the proposals , part of the watchdog’s consultation on Sustainability Disclosure Requirements , there will be three categories of labels for sustainable investment products.
It focuses on five interdependent areas: food systems, circularity, climate, nature and socialsustainability. The company’s Sustainability Report FY23 [3] shows a 20% reduction in value chain [4] GHG emissions and a 47% reduction in GHG emissions across its own operations since 2019.
The NetZero Industry Act (NZIA) , designed to accelerate investment in the clean energy transition, included proven renewable technologies like wind and solar, but also other innovations that have yet to deliver at scale, such as carbon capture and storage (CC S).
For example, 79% of Global 100 firms had sustainability-linked pay; only 30% of the broader corporate universe linked executive pay to the achievement of environmental or socialsustainability targets. It is a similar story for gender and racial diversity, though the difference is less stark. CLIMATE COMMITMENTS 1.5˚C
Moreover, technology must be anchored in society to be sociallysustainable, meaning that the use of resources is well motivated and explained. 6G for sustainability 6G networks should contribute to an overall sustainable development in society by enabling the transformation of other sectors than just ICT.
If corporations are to implement net-zero targets rather than simply talk about them, the people at the top their boards need the skills to follow through. Finally, the bank committed to review its governance processes to ensure the effective oversight of all its business activities, including its commitment to net-zero.
Since then, heatwaves across the northern hemisphere, gathering energy and food security crises, and climate policy actions across the globe, notably in the US , have raised new questions about the path to a netzero economy – alongside concerns about the impact of inflation, disruption and transition on existing economic and social inequities.
Much of the required fund-raising will be realised through sustainable bonds, said Moody’s, due to a post-pandemic focus on investment to achieve UN Sustainable Development Goals (SDGs) and major governments’ pursuit of netzero CO2 emissions targets. Developing economies globally need to invest as much as US$4.5
As a global snacking leader dedicated to making snacking right, we are determined to lead in helping to drive sector-wide transformation for more sustainable sourcing at scale.
solarZero is a global pioneer, and we look forward to supporting its expansion into other Asia-Pacific markets and, at the same time, to accelerating New Zealand’s netzero journey.” . US investment manager Franklin Templeton has unveiled a new social-focused bond fund.
Achieving netzero by 2050 could require the climate bond universe to reach US$36 trillion by 2025 and over US$60 trillion by 2030, it added. The ESG-labelled bond markets are typically considered to include green, social, sustainability, sustainability-linked and transition bonds.
In recent weeks, Bloomberg has announced the launch of the Bloomberg Global Aggregate Green, Social, Sustainability Bond Indices , while MSCI unveiled a suite of indices under the Climate Action banner. Elsewhere, it added, index providers should supply net-zero aligned benchmarks and asset owners should use them.
In relation to the other two labels, I suggest examples which can usefully be adopted for real estate strategies: Sustainability improvers: invest in assets that have the potential to become more sustainable, determined by their potential to improve environmental and/or socialsustainability over time.
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