ESG

               
UBS hosts first-ever biodiversity-centric ESG conference
UBS Group AG recently organized its first-ever conference centred on the ESG aspect of biodiversity, indicating its aspirations to expand into a business sector previously…
               
ESG funds and sustainable investing outperform traditional funds,…
Environmental, social, and governance (ESG) investing surged in popularity among investors and the public from 2017 to 2022 but has recently encountered criticism from certain…
               
JPMorgan CEO meets Texas AG amid threats to…
Jamie Dimon, CEO of JPMorgan Chase & Co., met with Texas Attorney General Ken Paxton because Paxton threatened to prevent more banks from assisting the…
               
Court rejects Republican-led states’ attempt to halt SEC’s…
On Friday, a federal appeals court rejected a lawsuit by four Republican-led states trying to stop a US Securities and Exchange Commission rule. This rule…
               
Deutsche Bank appoints Trisha Taneja as global head…
Deutsche Bank announced the appointment of Trisha Taneja as the global head of environmental, social, and governance (ESG) for the origination and advisory division.  Taneja…
               
Calls mount for accelerated action on sustainable finance…
In two separate open letters released recently, advocates have urged the Canadian federal government to expedite the development of a sustainable finance taxonomy aimed at…
               
Australian securities regulator urges firms to prepare for…
Joe Longo, Chair of the Australian Securities and Investments Commission (ASIC), has underscored the necessity for Australian businesses to ready themselves for forthcoming mandatory climate…
               
Scotiabank’s 2024 Net Zero Research Fund calls out…
Scotiabank, one of Canada’s largest multinational banking firms in Toronto, revealed its call for grant submissions. The Net-Zero Research Fund is open to organizations within…
               
Enel raises coupons on $11 billion ESG bonds…
Enel SpA will increase the interest payments on its sustainability-linked bonds following a penalty triggered by its failure to meet greenhouse gas emissions targets in…
               
Hyundai launches EcoGram in Gurugram
In a move towards environmental sustainability, the Hyundai Motor India Foundation (HMIF) has unveiled EcoGram in Gurugram, Haryana, showcasing its commitment to eco-friendly initiatives.  Operational…
               
Otis receives approval for science-based GHG emissions reduction…
Otis, an elevator and escalator manufacturing, installation, and service company in India, has announced the approval of its near-term science-based greenhouse gas (GHG) emissions reduction…
               
Maldives inaugurates ESG reporting framework for private sector
The Maldives has taken a significant step towards enhancing sustainability practices in its private sector with the development of the nation's inaugural Environment, Social, Governance…
               
Trump victory no threat to ESG funds, assures…
Ian Simm, founder and CEO of Impax Asset Management, believes that investment funds emphasizing environmental, social, and governance (ESG) factors can withstand a potential victory…
               
Watershed launches new software solution to aid compliance…
Watershed, a leading provider of climate solutions software, announced the introduction of "Watershed for CSRD," a cutting-edge software solution designed to assist companies in collecting…
               
Investors show a growing appetite for environment-conscious companies 
Amidst a changing landscape in investment strategies, sustainable investing emerges as a compelling avenue for those seeking broader objectives beyond mere financial gain in portfolio…
               
Maersk’s ECO Delivery Ocean product slashes 683,000 tons…
In 2023, Maersk's ECO Delivery Ocean product achieved a significant milestone, with more than 660,000 twenty-foot equivalent units (TEU) transported on green fuels, resulting in…
               
Business schools embrace sustainability and cultural diversity to…
The integration of sustainability principles and cultural diversity into business education is gaining momentum globally, driven by the United Nations 2030 Agenda for Sustainable Development…
               
German companies eager to invest in Vietnam’s sustainable…
During the Germany-Vietnam Business Forum, Alexander Ziehe, chairman of the German Business Association (GBA), revealed that several German companies are keen to invest in sustainable…
               
NIKE sets new sustainability targets for 2025 
Global sportswear giant NIKE is ramping up its commitment to sustainability by announcing new targets aimed at reducing its carbon emissions across its business and…
               
BNPP AM launches new fund targeting global net…
Today, BNP Paribas Asset Management (BNPP AM) unveiled its latest offering, the BNP Paribas Global Net Zero Transition Equity fund, designed to provide investors with…
               
Exxon CEO takes aggressive climate stance amid industry…
Darren Woods, the CEO of Exxon Mobil Corp., is fighting back after facing criticism from both environmentalists and investors during his seven years in charge. 
               
NZBA members commit to emissions reduction goals for…
In a significant move towards addressing climate change, members of the Net Zero Banking Alliance (NZBA), a part of the broader Glasgow Financial Alliance for…
               
IT firms prioritize sustainability reporting and compliance over…
A recent study conducted by global technology research and advisory firm ISG reveals that enterprises are increasingly directing their sustainability investment towards reporting and compliance…
               
Insurers express concerns over greenwashing amid tightening ESG…
Amidst increasing scrutiny over environmental, social, and governance (ESG) practices, insurers are grappling with concerns surrounding greenwashing, according to a recent survey conducted by Ortec…
               
Sylvera becomes first carbon credit agency to adopt…
Carbon credit data and rating agency Sylvera has achieved a significant milestone by becoming the first of its kind to integrate the International Capital Market…
               
Canadian Banks undermine net-zero commitments, report finds
A recent report by InfluenceMap has revealed that Canada's five largest banks undermined their net-zero commitments in 2022, maintaining higher exposure to the fossil fuel…
               
Unilever announces new climate goals despite ESG concerns
Unilever Plc is setting more ambitious goals to reduce emissions, targeting suppliers and stores that sell its brands, despite investor concerns that non-financial goals divert…
               
IBM study reveals embedding sustainability boosts business performance
A new global survey conducted by IBM's Institute for Business Value (IBV) in collaboration with Oxford Economics highlights the significant benefits that companies can experience…
               
Major US banks withdraw from Equator Principles
Four of the largest US banks have withdrawn from the Equator Principles, an industry standard for assessing environmental and social risks in project financing. 
               
BlackRock acknowledges risks in ESG ventures amid growing…
In its annual report to the Securities and Exchange Commission, BlackRock, a prominent financial services firm, has highlighted potential risks associated with its environmentally-focused investment…
               
ABP implements stricter ESG standards
Europe's largest pension fund, ABP, headquartered in the Netherlands, has announced a more stringent environmental, social, and governance (ESG) policy for its investment portfolio. 
               
Regulatory hurdles & greenwashing deter clients from $1.5…
As highlighted by insiders, corporate clients are increasingly withdrawing from the world's second-largest ESG debt market due to added regulations, reduced incentives, and fears of…
               
ESG investors flock to BNP money market funds…
BNP Paribas Asset Management reports that ESG clients increasingly investing in money market funds because they are attracted to the stable returns offered by cash-like…
               
EU’s corporate supply chain law stalls; faces backlash…
A law in the European Union aimed at improving corporate supply chains has been stopped by the largest member states, pushing negotiators to reassess the…
               
West Virginia threatens blacklisting of six major banks…
West Virginia State Treasurer Riley Moore has issued warnings to six major banks, including Citibank and HSBC Holdings, threatening to blacklist them from state business…
               
Lake Stevens to welcome sustainable new library project
Lake Stevens is on the brink of a significant upgrade to its public infrastructure with the forthcoming construction of a new library, a collaboration between…
               
Malaysia considers mandatory sustainability reporting based on International…
The Securities Commission of Malaysia has announced the initiation of a consultation process regarding the potential adoption of the International Sustainability Standards Board (ISSB) standards,…
               
CRIF launches ESG analytics for UK banks
CRIF, a leading provider of consumer and business credit information in Europe, has unveiled ESG Analytics, a revolutionary data repository and scoring service aimed at…
               
Asian asset owners focus on ESG investment strategies:…
Asian asset owners increasingly prioritise environmental, social, and corporate governance (ESG) factors in their investment strategies, noted a recent survey conducted by Asianinvestor.
               
ESG takes backseat, sees slowdown in sales of…
Interest in sustainable investing has dwindled over the past year due to political controversies surrounding environmental, social, and governance (ESG) strategies. 
               
Korean financial regulator to roll out ESG investment…
South Korea’s Financial Services Commission (FSC) announced plans to introduce guidelines for public disclosures on investments aligned with environmental, social, and governance (ESG) objectives by…
               
US enterprise investments in ESG initiatives set to…
A recent report by Information Services Group (ISG) has predicted a significant expansion in US enterprise investments in sustainability and other Environmental, Social, and Governance…
               
Mainland China’s stock exchanges release guidelines for sustainability…
Mainland China’s major stock markets, the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Beijing Stock Exchange (BSE), have released their guidelines for listed…
               
Impact investors stress SME engagement for adoption of…
Impact investors in Nigeria have emphasized the importance of engaging a broader audience, particularly Small and Medium Enterprises (SMEs), to ensure the successful implementation of…
               
Malaysia introduces ESG Quick Guide for MSMEs
Deputy Prime Minister Datuk Seri Dr. Ahmad Zahid Hamidi has unveiled Malaysia's Environmental, Social, and Governance (ESG) Quick Guide for Micro, Small, and Medium Enterprises…
               
EU extends deadline for sustainability reporting to 2026
The Council of the European Union and the European Parliament have agreed to postpone sustainability reporting requirements for specific sectors and third-country companies by two…
               
Mitsubishi Electric releases environmental plan 2025 to drive…
Mitsubishi Electric Corporation has revealed its Environmental Plan 2025 (April 2024 to March 2026), which aims to address environmental challenges while fostering sustainable practices.
               
Emirates NBD partners with Sidara for $50 million…
Emirates NBD (banking group in the MENAT region) has partnered with Sidara (specialist architecture, engineering, and consulting brands collaborative) to arrange a $50 million Sustainability…
               
Surge in fossil fuels challenges banks’ path to…
For investors who are trying to understand how well banks are sticking to their promises to reach net-zero emissions, changes in climate predictions caused by…
               
BlackRock CEO seeks common ground with Texas post…
BlackRock's CEO Larry Fink aimed to connect with Republican officials at a Houston energy summit after Texas banned the asset manager due to its shift…
               
GRI launches new mining sector reporting standard to…
The Global Reporting Initiative (GRI), a pioneer in promoting standardized Environmental, Social, and Governance (ESG) reporting, has unveiled its latest initiative - a dedicated reporting…
               
Deutsche Bank unit expects divestments following new ESG…
Deutsche Bank's investment unit needs to sell more than 5% of its investments in certain ESG funds as a result of new regulations from the…
               
Ethics code proposed to combat greenwashing in ESG…
Companies responsible for verifying environmental, social, and governance (ESG) claims may be required to adhere to a new ethics code to address greenwashing, according to…
               
ESG funds hit historic lows in nearly two…
ESG (Environmental, Social, and Governance) investing had a tough time in the last three months of 2023. ESG funds in the US lost over $5…
               
Barclays banned from Texas municipal bond market over…
Texas Attorney General Ken Paxton announced last week that Barclays is barred from underwriting Texas’s municipal bonds due to its failure to respond to requests…
               
EBA proposes guidelines on ESG risk management for…
The European Banking Authority (EBA) has initiated a public consultation on draft Guidelines addressing the management of Environmental, Social, and Governance (ESG) risks. 
               
Green finance pioneer Uruguay seeks ESG loans from…
Uruguay aims to borrow at least one multilateral loan with low-interest rates linked to environmental goals this year. 
               
ESG debt swaps grab interest of top global…
Several banks are competing to tap into a growing market focused on Environmental, Social, and Governance (ESG) debt, estimated to potentially reach $800 billion by…
               
UNDP & Warba Bank to launch free online…
The United Nations Development Programme’s (UNDP) Istanbul International Center for Private Sector in Development (ICPSD), UNDP Kuwait, and Warba Bank announced the launch of a…
               
US Supreme Court decision could affect Biden’s ESG…
An impending Supreme Court decision that may restrict federal agency powers could have a big effect on a challenge by Republican-led states against a rule…
               
Derwent Investments strengthens its commitment to ESG investing…
Derwent Investments (Singapore-based wealth management company) announced that it has strengthened its commitment to Environmental, Social, and Corporate Governance (ESG) goals.
               
Asset management firm says ESG interest is steady,…
According to the CEO of the global asset management firm Nuveen, investors still hold an interest in environmental, social and governance (ESG) factors despite facing…
               
World Bank prices CAD $1.4 billion 5-year benchmark…
The World Bank's International Bank for Reconstruction and Development (IBRD) has successfully priced a new 5-year CAD $1.4 billion benchmark bond maturing in January 2029. 
               
BBVA and Cabify finalize €15 million to promote…
BBVA Spark, a multinational financial services company, on Thursday announced its approval of a €15 million 'Venture Debt' facility for Cabify, in a bid to…
               
Electrolux announces second round of science-based climate targets
Electrolux Group yesterday announced its second round of science-based climate targets after they reached their previous targets three years before planned. 
               
Hedge fund managers to actively incorporate ESG strategies
Research conducted by analysts at UBS Group AG indicates that hedge fund managers are progressively integrating environmental and social metrics into their investment strategies.
               
Activist investors to shift focus in 2024; ESG…
Activist investors are anticipated to scale back on environmental and social campaigns this year, as revealed by business consulting firm Alvarez & Marsal Inc. 
               
 ‘Transition Finance’ takes spotlight in 2024 
In a notable shift, 'Transition finance' is set to emerge as a pivotal focus of 2024, taking center stage as a critical topic for individuals…
               
Post-election pressures intensify SEC’s struggling climate agenda in…
Environmental activists are anxious as the Securities and Exchange Commission (SEC) faces challenges in fulfilling its ambitious climate-related agenda in 2023. 
               
UK financial watchdog pushes for voluntary code for…
Britain's Financial Conduct Authority (FCA) has urged companies involved in rating other firms' sustainability efforts to adopt a new voluntary code of conduct, emphasizing the…
Renewables soar as global electricity demand climbs, says IEA 

According to a new IEA report, global electricity demand has grown at its fastest pace in years, fueled by strong economic growth, intense heat waves, […]

Masdar secures $1 billion in second green bond issuance for renewable energy expansion

Masdar announced that it has secured $1 billion through its second green bond issuance under the company’s Green Finance Framework.   The announcement comes a year […]

EU commits €7 billion for sustainable, safe and smart transport infrastructure 

The European Commission announced that it has selected 134 transport projects to invest over €7 billion in EU grants from the Connecting Europe Facility (CEF), […]

Iberdrola’s subsidiary and Carbon2Nature partner to enhance carbon capture projects in Brazil

Iberdrola announced that its subsidiary, Neoenergia, is partnering with Carbon2Nature to develop projects that capture carbon using nature-based solutions to reduce the global footprint. In […]

New report highlights significant progress in corporate sustainability 

More than three-quarters of executives have seen significant or moderate progress towards their sustainability goals in the past year, according to Deloitte’s 2024 “Sustainability Action […]

Climate crisis prediction from America’s biggest oil refiner in 1977 article, surfaces online 

Nearly 50 years ago, Marathon Petroleum‘s corporate predecessor warned in its company magazine, Marathon World, that global temperature rise is linked to “industrial expansion” and […]