Aviva Investors pressing for better climate transition plans
The asset manager today announced its three main stewardship priorities for the upcoming year, which include accelerating the low carbon transition, reversing nature loss, and addressing the cost of living crisis. Aviva Investors has urged companies in its portfolio to publish “robust and viable” climate transition plans by 2023. This step is taken by Aviva […]
Cargill’s $240 million deposit for ESG initiatives
A $240 million time deposit has been made, according to the Brazilian division of American grain trader Cargill, to support Environment, Social, and Governance (ESG) initiatives in the continent’s food superpower. The deal, dubbed the first “ESG Time Deposit” in Latin America by Cargill and partner bank Banco do Brasil, would fund initiatives that support […]
MTR’s aim to reach carbon neutrality by 2050
A platform to incubate start-ups with a focus on sustainability has been developed by MTR Lab, a division of Hong Kong’s train operator that invests in technology, to assist the city in being carbon neutral by 2050. The investment platform Co+Lab Initiative will look for early-stage businesses with technologies that may assist the train operator […]
Learning to measure the immeasurable
Many commitments aimed at the end of this decade have marked the preceding few decades of business sustainability. However, as the 2030 deadlines approach, the conversation has shifted to action and impact, and more specifically, assessing that impact. Innovative complex approaches are being considered to comprehend the effects and enhancements of companies. For instance, converting […]
Scrutiny of ESG being tightened by UK accounting watchdog
The accounting watchdog in Britain said it would keep an eye on auditors’ compliance with environmental, social, and governance (ESG) reporting standards during company audits. Regulators are actively working to stop “greenwashing,” or inflated sustainability claims made by businesses to draw in investors. ESG reporting requirements are being tightened to: Improve transparency on ESG risks […]
FTC imposing penalties on misleading ‘green’ marketing
The US Federal Trade Commission may propose consumer product environmental marketing restrictions, and if adopted, they might subject businesses to severe fines. Officials are looking for feedback from the public on non-binding guidelines for how businesses can make environmental marketing claims without breaking federal rules that forbid misleading advertising until February 21. As per the […]
Turning commitments into action to achieve sustainability
Last year was a game-changer in terms of sustainable development. It saw COP27 Climate Summit happen in late November and more than 11,000 businesses globally committing to net zero targets, which decided the priorities for 2023. Here we try to recount the sustainability trends that shaped the global economy in 2022 and understanding what the […]
U.S. – Expecting quick progress on World Bank reforms
In order to combat climate change and other global challenges, the World Bank plans to increase its lending capacity. According to U.S. Treasury Secretary Janet Yellen, the United States wants to see more rapid progress on these plans. According to the World Bank’s “evolution roadmap,” the organisation must negotiate with shareholders on recommendations for a […]
ECB efforts to cut down its carbon footprint
Research indicates that the European Central Bank could significantly reduce the carbon footprint of its portfolio of corporate bonds by selling just 50 billion euros ($54.30 billion) of debt from polluting corporations, but economists warn that this could lead to significant market distortions. The ECB’s environmental goals have come under the spotlight after board member […]
Combating greenwashing in the fund industry
Fund industry associations have advised the European Union’s markets’ watchdog that greenwashing must not be defined in legislation due to worries that doing so would complicate a sector that is “in constant movement.” Many ventures claiming to be climate-friendly have received billions of dollars, but there have been few penalties for greenwashing or overstating one’s […]
