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According to Robeco, the firm chooses engagement themes each year through consultations with clients, its investment teams, and other external stakeholders. Ghislaine Nadaud, Senior SustainabilityInvesting Specialist at Robeco said: In our engagement with transition sectors, we will be not only focusing on downstream or upstream activities.
But with sustainability, there are reasons to be more forthcoming. Private companies are increasingly eager to report on their environmental, social and governance (ESG) performance and their sustainabilityinvestments amid the publics growing appetite for companies that are trying to be good corporate citizens.
This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainableinvestment labels, reduced SFDR (..)
proxy voting recommendations; capital raises for battery tech, e-fuels, energy storage, carbon removal; Microsoft sources solar energy in Texas, Illinois; IBM, Ramboll partner on sustainability strategy & reporting solutions, and more.
By 2040, the company has pledged to reach net-zero emissions in its operations, which will expand in an effort to help the city reach its own net-zero goals. Toronto Hydro estimatesit will invest $10 billion in climate infrastructure across the city EV charging, equipment renewal, etc.
Billion to Climate Investment Strategies Franklin Templeton Launches Enhanced ESG, Reduced Carbon Footprint S&P 500 and World ETFs Robeco Launches Tool for Investors to Find Biodiversity Leaders and Underperformers
Drastic changes to the scope of sustainability reporting rules will limit investor access to comparable and reliable sustainability data, said Aleksandra Palinska, executive director at the European SustainableInvestment Forum, Europes umbrella network for sustainable finance, in a press release.
million over ESG investing claims; IAASB releases first sustainability reporting assurance standards; EU lawmakers delay supplychain deforestation law; Shell wins appeal against landmark climate ruling; CDP strengthens alignment of sustainability reporting platform with GRI, EU standards; IKEA invests $1.6
Funds marketed as environmentally friendly are being used by major asset managers to funnel millions of dollars to the world’s largest meatpacker, JBS, a company notorious for its links to deforestation and human rights abuses via its supplychain.
Fashion and design brands company H&M Group announced the launch of a new partnership with zero-carbon industrial heat solutions provider Rondo Energy, aimed at applying Rondo’s industrial decarbonization solution to help address the emissions footprint of H&M’s supplychain.
KLA Commits to Cut Emissions in Half by 2030, Reach NetZero by 2050. HH Global Ramps 2040 NetZero Goal to 90% Emissions Reduction. Firmenich Commits to NetZero Emissions by 2039, Climate Targets Approved by SBTi. Florida Bans ESG Investing in $228 Billion State Pension Funds. ESG Investing.
11 young professionals on the future of sustainable finance. Their creative thinking and perspective will help build more sustainable solutions for the future.". Investments Leadership Development Program at Columbia Threadneedle Investments, U.S. Investors can commit to net-zero carbon emissions by 2050.
Competition barriers to collective sustainability initiatives by investors expected to be lowered. Regulators will soon provide investors with clearer guidance on the acceptable boundaries of collective action to achieve netzero and other sustainability objectives, according to competition lawyers.
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. Clearly much more needs to be done to pivot towards more sustainableinvestment and lending practices.
The standard setter emphasises internal decarbonisation, action-based targets as part of revamped netzero standard for corporates. Wyburd said that while carbon credits and removals can support the path to netzero, they must never be a substitute for internal decarbonisation.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Purchases Carbon Credits Helping U.S.
Spotlight blog by members of SDSN USA Normal 0 false false false EN-US X-NONE X-NONE The corporate world has shown tremendous enthusiasm in pledging to achieve net-zero emissions. With a new major company joining the list almost daily, net-zero has become a new benchmark for corporate climate leadership. It will not!
Concerned about this concentration, Western countries are actively seeking ways to diversify their supplychains and reduce their dependence on Beijing. Emerging recycling technologies offer a sustainable way to shore up the supplies the world needs and reduce pressure to expand mining. million motors for EVs.
This week in ESG news: Australia passes mandatory climate reporting law; Google signs carbon removal deal at landmark $100/ton price; Bain survey finds CEOs losing focus on sustainability as it becomes more important to consumers and corporate buyers; SEC fines Keurig over coffee pod recycling claims; Oracle launches sustainability data and reporting (..)
This week in ESG news: Microsoft signs record-breaking carbon removal deal; EY survey finds over half of CEOs say sustainability a higher priority vs one year ago; BCG sustainable aviation deal to cut 100,000 tons of emissions; ERM launches carbon credit consulting business; KKR & HASI launch $2 billion sustainable infrastructure investment partnership; (..)
In the United States, the world’s second-largest producer of GHG emissions, a significant majority of utilities have committed to net-zero goals , a trend visible across both emerging and established economies around the globe. This standard provides a step-by-step framework to: Identify emissions hotspots within your supplychain.
The transition to a more sustainable economy will require far more intentionality than we see today, in the sense that businesses, capital markets, civil society and governments will need to reach a broad consensus on goals and set a course to reach them. We should not underestimate the immensity of this challenge.
In addition to the financing, suppliers in the program will also receive technical support from sustainability consultant, Guidehouse, to embark on factory upgrades to decrease their climate impact. According to H&M’s 2022 Sustainability Report, Scope 3 makes up nearly 99% of the company’s emissions.
But environmental, social, and governance (ESG) data aggregation and validation can be a daunting challenge given that most companies have not fully integrated their ESG data recording and control into their core financial, procurement, supplychain management, and human resources systems.
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
Key risks and opportunities include: Increased frequency and severity of storms, floods, and heatwaves that can disrupt supplychains, damage infrastructure, and impact workforce availability. This assessment is crucial for understanding how climate change impacts could affect your operations, supplychains, and market positioning.
A critical review of the environmental and climate assessments of mineral supplychains , Lee examined and compared existing methodologies and examples of reporting from BHP, Freeport McMoRan, and Vale, three mining majors in the copper supplychain. In Responsible or reckless? A nuanced and diverse cohort.
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 This week in ESG news: Texas pulls $8.5 Renewables Developer Avantus Renovare Raising $7.5
“By gaining insight into avoided emissions, investors can capitalize on the transition to a low-carbon economy by unlocking key investment opportunities in emerging projects, products, and technologies.” The increasing level of carbon emissions is affecting global supplychains, consumer behavior, and regulatory landscapes.
Under the omnibus, such obligations would be limited to direct suppliers and not to a companys supplychain (including direct or indirect business partners), except where there is plausible information suggesting adverse impacts have or may arise at other levels of the supplychain.
In managing our real estate portfolio, related procurement and facilities services, Northern Trust’s Workplace Services function works to reduce the negative environmental impacts of our supplychain. We use energy to power our data centers and facilities, the majority of which are in North America.
As it stands, without those requirements in place, financial advisers have little incentive to offer sustainableinvestment options and strategies to their clients. Theres no way to completely eliminate fossil fuels or plastics from your portfolio because supplychains are so entrenched. 77% 2024-07-31 100 U.S.
Holding the companies accountable on their commitments to netzero targets will help ensure the implementation of netzero strategies, through financial institution engagement, including a decline of coal, oil and gas within portfolios.
Chris Skidmore, former MP and author of the netzero review, talks about what the next UK government should do to get the country’s netzero commitments back on track. “I cannot vote for the [Offshore Petroleum Licensing] bill next week. In May, a High Court ruling ordered it publish a revised netzero strategy.
The firm focuses on creating value by helping companies transform their businesses to be sustainable, and targets companies that can drive long-term value by positioning to benefit from once-in-a generation transformations such as the energy transition and supplychain onshoring. 1, said: “Engine No.
This year’s COP26 summit is widely viewed as one of the last chances to fulfil the 2015 Paris climate agreement and ensure meaningful progress is made towards tackling our netzero targets and the climate emergency. Hydrogen cluster projects with industry, local government and communities can deliver the early steps towards netzero.
Planet worked with SCS Global Services , (SCS) an organization specializing in third-party certification, validation, and verification for environmental and sustainability quality performance claims, to certify its operations as carbon neutral in accordance with the internationally recognized PAS 2060: 2014 Carbon Neutrality Standard.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including S&P, Sustainable Fitch, Moody’s, FactSet, Alveo and APX. The post This Week’s Tech and Tools News: S&P Offers NetZero 2050 Benchmarks appeared first on ESG Investor.
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 (..)
The UK government announced plans to invest £960 million (USD$1.2 billion) in green industries aimed at accelerating manufacturing in key netzero sectors, in addition to a new series of significant reforms designed to rapidly boost the capacity of its electricity grid to address energy transition needs over the coming decades.
The UK’s netzero transition depends on huge amounts of private capital that can only be unlocked through climate policy certainty. Go like the wind The global energy crisis, sparked by Russia’s invasion of Ukraine, highlighted the importance of ensuring a steady flow of domestic, sustainable energy supply.
Companies must meet extensive environmental, social and governance requirements, make sustainableinvestments to support vulnerable communities and adhere to twelve core ESG principles. Another key aspect of the SCS-007 standard is climate neutrality and sustainable production practices with netzero impact.
In fact, despite growing concerns around a potential recession, many CEOs are planning to make sustainableinvestments a top priority. However, supplying the tools to implement, track and manage ESG programs is only one piece of the puzzle.
Last year, Cisco set its “moonshot” goal: To reach netzero emissions by 2040. To achieve this, we need to accelerate our product and solution roadmaps across the company to help our customers achieve their sustainability goals. This is why we formed a new office within the engineering organization a few months back.
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