Japan removing zero-emission vehicle target from G7
The Japanese car sector has decided to drop an objective from a G7 communique as per a proposed draught after receiving criticism from green investors over their delayed adoption of zero-emission vehicles. This may make the climate change discussion at the leaders’ conference in Germany less complicated. Following developments are some of the most notable […]
Firms expand ESG footprint to create sustainable economies
With firms expanding their environmental, social, and governance (ESG) footprint, expectations are shifting from risk management to value creation for potential investees. The need of the hour is to turn around a tool for risk mitigation and compliance into one that creates sustained value for stakeholders. With companies identifying the potential of climate-related opportunities to […]
Germany to use more coal as Russia reduces gas supplies
Germany is seeking to replace the shortage of gas supplies from Russia with coal following a warning from Russia’s state-backed energy giant Gazprom that it had limited supplies to Germany via the Nord Stream 1 pipeline. German Economy Minister Robert Habeck has blamed the high gas prices on Russian President Vladimir Putin’s war against Ukraine. […]
Chinese firms fail to set clear net-zero targets
A study of more than 4,000 entities by climate think tanks has found that Chinese firms are lagging behind their regional and global counterparts from across the world when setting meaningful net-zero targets. Also, researchers are stressing the fact that a timely transition to global net-zero greenhouse gas emissions by the middle of the century […]
Doubts arise over achieving net-zero emissions
According to a new assessment of net-zero initiatives in the public and private sectors, corporate pledges to reduce greenhouse gas emissions fall short of what is needed to tackle climate change due to major credibility gaps. Approximately half of the Fortune 2000 corporations have yet to disclose plans to achieve net-zero emissions. Some of the […]
Welcoming US SEC’s proposed amendments
Members of the UN-convened Net-Zero Asset Owner Alliance have committed to decarbonizing their investment portfolios in accordance with a 1.5°C trajectory, with net-zero greenhouse gas (GHG) emissions by 2050. Members of the Alliance also agree to publish science-based interim portfolio reductions for targets set using the Alliance’s Target Setting Protocol, demonstrating their support for the […]
Making EV charging stations accessible to all
In an effort to speed up the country’s transition to renewable energy, the Biden administration has proposed new criteria to build a national network of 500,000 charging stations for electric vehicles by 2030. Electrification of the transportation sector, which is a major source of greenhouse gas emissions, will be crucial in combating climate change. The […]
Bristol to decarbonize city transport using electric buses
Bristol City Council’s cabinet plans to use a government grant to commission studies that will look at how the city can decarbonize its transport network. One of the plans is to introduce electric buses by 2027. Other plans include: Setting up a zero-emission zone Introduction of freight consolidation hubs Introducing 1,000 cycle hangars To read more, […]
Australia on the path to climate reset
Australia’s stormy climate politics history, as well as the lack of Paris-aligned 2030 targets and legislation, have stifled investment and sent wealth abroad. Following the recent elections, the Australian government will be able to invest billions of dollars in new employment and sectors that will help to combat climate change. The Investor Group on Climate […]
BNY Mellon charged for the omission of ESG
BNY Mellon Investment Adviser, Inc. has been accused by the US Securities and Exchange Commission (SEC) of “misstatements and omissions about environmental, social, and governance (ESG) issues.” Without admitting or contesting the SEC’s findings, BNY Mellon agreed to a cease-and-desist order, a reprimand, and a $1.5 million penalty. According to the SEC’s decision, certain funds […]
