ESG / Impact News
Societe Generale Targets €500 Billion of Sustainable Finance by 2030
Paris-based financial services group Societe Generale announced today that it has achieved a series of its sustainable finance goals ahead of schedule – including its goal to facilitate €300 billion of financing for environmental and social activities between 2020 and 2025 – and unveiled a new sustainable finance target of €500 billion from 2024 to […]
Mercedes-Benz Sharpens Sustainability Focus on 6 Key ESG Areas
Mercedes-Benz announced an update to its sustainability strategy, with the company shifting to focus on a set of six key strategic environment, social and corporate governance topics assessed to have a significant impact on the company’s stakeholders and society. The new focus areas, presented at the company’s 17th Mercedes-Benz Sustainability Dialogue, include Decarbonisation, Resource Use […]
EU Lawmakers Approve Regulation to Establish Carbon Removal Certification System
The European Council announced that it has given final approval for the establishment of the first EU-level certification framework for permanent carbon removals, carbon farming and carbon storage in products, creating a voluntary framework aimed at craeing a certification system to quantify, monitor and verify carbon removals, and to counter greenwashing. The adoption of the […]
EU Regulators Call on Banks, Investors to Integrate Climate Risks Following “Fit-For-55” Stress Test
The EU’s financial regulators announced the release of the results of the “Fit-For-55” climate stress test, examining the resilience of banks, investment funds and the pension and insurance sectors to the transition to a low carbon economy. The stress test found that while transition risks alone are unlikely to threaten financial stability, the sector could […]
Guest Post – COP29 Signals Turning Point: Lessons from History for Carbon Market Regulation
The Voluntary Carbon Market (VCM) is emerging as an essential tool in combatting climate change, providing a way for companies and individuals to offset their carbon emissions. However, today’s VCM operates in a largely unregulated space, riddled with uncertainty, lack of transparency, and questions around the quality and reliability of carbon credits. This makes the […]
Iceberg Data Lab Launches Tool Enabling Investors to Assess Portfolio Deforestation Impact
Environmental data provider Iceberg Data Lab (IDL) announced the launch of a new tool, aimed at enabling investors to measure their deforestation impact of companies, or the surface of forest which is destroyed by their activity each year. The tool currently covers 3,500 listed companies in the world, producing seven sensitive raw materials – beef […]
ESG und warum es uns wichtig ist
Der Begriff „finanzielle Wesentlichkeit“ wird verwendet, um die finanziellen Auswirkungen zu beschreiben, die bestimmten Umwelt-, Sozial- oder Governance-Faktoren zugeschrieben werden. Ein ESG-Thema ist finanziell wesentlich, wenn es den zukünftigen Wert eines Unternehmens oder seine Fähigkeit zur Rückzahlung von Krediten beeinträchtigt (oder beeinträchtigen könnte). Welche ESG-Themen finanziell wesentlich sind, kann je nach Unternehmen und Branche erheblich […]
BlackRock, Samsara Buy Sustainable Aviation Fuel to Compensate for Business Travel Emissions
Climate solutions platform Watershed announced that it has facilitated the purchase of sustainable aviation fuel certificates (SAFc) on behalf of customers including BlackRock, Ripple, Samsara, and Block. These certificates will be utilized by the companies to supply sustainable aviation fuel (SAF) to Alaska Airlines passenger flights. In return, the companies will receive carbon offset credits […]
EU Council Passes Legislation to Regulate ESG Ratings Providers
EU member states in the European Council announced today that they have adopted new rules to regulate ESG ratings providers, aimed at improving the reliability and comparability of ESG ratings and boosting investor confidence in sustainable financial products.
Die Dekarbonisierung von Immobilien verhilft zu Wertsteigerungen
Nutzer profitieren von Kosteneinsparungen, Investoren vermeiden „Stranded Assets“ Die ESG-Faktoren spielen bei immer mehr Mietern, Eigentümern und Investoren eine wichtige Rolle, sowohl wegen eigens gesetzter Verpflichtungen als auch aufgrund des zunehmenden regulatorischen Drucks. Dementsprechend groß ist der Bedarf an „Low-Carbon-Flächen“, das Angebot jedoch verschwindend gering. Investoren und Eigentümer sollten die Chance nutzen und Angebot schaffen […]
Vanguard Gives Investors Option to Avoid Voting for ESG Issues
Investment manager Vanguard announced today the expansion of its Investor Choice proxy voting program enabling investors to vote for policies aligned with their preferences, significantly expanding the number of investors covered by the program, and adding a new option to follow a policy that will not be “influenced by political or social agendas.”
Fidelity International to Adopt FCA Sustainability Label for Three Funds
Investment management firm Fidelity International announced today plans to adopt the “Sustainability Focus” label introduced by the Financial Conduct Authority (FCA)’s Sustainability Disclosure Requirements (SDR) for three funds within its UK domiciled equity fund range. The FCA’s SDR requirements were introduced by the regulator in November 2023, aimed at helping investors assess the sustainability attributes […]
Jurisdictions Representing Over Half of Global GHG Emissions are Moving Towards Coverage by ISSB Sustainability Reporting Standards: IFRS Report
More than 30 jurisdictions globally are already, or are taking steps towards requiring companies to provide reporting based on the International Sustainability Standards Board’s (ISSB) disclosure standards, according to a new progress report released by the IFRS Foundation. The announcement marks significant progress towards the expansion of ISSB-based sustainability requirements in only a few months, […]
IBM Launches Renewable Energy Asset Management Solution
IBM announced the general availability of IBM Maximo Renewables, a new solution aimed at enabling companies to manage and maximize the efficiency of their renewable energy assets, including tracking and monitoring renewable asset performance, identify causes and recommend actions for efficiency losses, and plan and manage maintenance work.
ESG Today: Week in Review
This week in ESG news: SEC fines Invesco $17.5 million over ESG investing claims; IAASB releases first sustainability reporting assurance standards; EU lawmakers delay supply chain deforestation law; Shell wins appeal against landmark climate ruling; CDP strengthens alignment of sustainability reporting platform with GRI, EU standards; IKEA invests $1.6 billion to decarbonize store heating and […]
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