October, 2023

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How to Build a Just Transition Fund

Chris Hall

Kieron Boyle, CEO at the UK’s Impact Investing Institute, explains how its Just Transition Criteria are being embedded in fund design. Rather than simply avoiding financed emissions, investors are growing increasingly interested in allocating capital towards a just transition to a net zero economy. This shift is reflected in the recent finding that impact investing is set to overtake ESG integration as the most popular strategy for investors to achieve sustainability, according to BNP Paribas’ ‘

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Fintechs: A new paradigm of growth

McKinsey Sustainabilty

After decades of hypergrowth, fintechs have entered a new era of value creation, where the focus is on sustainable, profitable growth. This report examines how fintechs can win in these disruptive times.

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Brazil to Require Mandatory Sustainability Reporting from 2026

ESG Today

Public companies in Brazil will be required to provide annual sustainability and climate-related disclosures, starting in 2026, according to a new announcement from Brazil’s Securities and Exchange Commission (CVM) and Ministry of Finance. According to the CVM, the new reporting requirements will be based on the recently published sustainability and climate-related disclosure standards issued by the IFRS Foundation’s International Sustainability Standards Board (ISSB).

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Road hazard: Evidence mounts on toxic pollution from tires

GreenBiz

Researchers are only beginning to uncover the toxic cocktail of chemicals, microplastics and heavy metals hidden in car and truck tires. But experts say these tire emissions are a significant source of air and water pollution and may be affecting humans as well as wildlife.

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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets.

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South Australia to reach 100 pct wind and solar within a few years, says network company

Renew Economy

Wind and solar reached 100 per cent of demand on 282 days in last year in South Australia, and the state will average 100 per cent within a few years, grid owner says. The post South Australia to reach 100 pct wind and solar within a few years, says network company appeared first on RenewEconomy.

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Why this Canadian-owned copper mine is facing fierce opposition in Panama??

Corporate Knights

The recent renewal of a contract for a Canadian-owned copper mine deep in the Panamanian rainforest has tested the limits of the Central American nation’s sovereignty, and triggered widespread protests. Cobre Panamá – the country’s only active mine – has been operating in a 12-hectare area of jungle within a protected park in the coastal Donoso region, digging up 1.5% of the world’s copper.

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A Fair Day’s Wage for a Fair Day’s Work

Chris Hall

Investors focused on executive remuneration are looking to close the CEO-to-worker pay ratio. The average annual salary in the UK , EU and US is £32,000, €33,500 and US$54,132 respectively. Meanwhile, company CEOs are receiving annual remuneration that often edges into the millions. While the responsibilities of a CEO or other c-suite executives – and the skills it takes to be a good one – do warrant a degree of incentivisation and reward, investors have long questioned and chall

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EU Commission to Delay Adoption of Sustainability Reporting Standards by 2 Years

ESG Today

Proposals would postpone sector-specific and non-EU company sustainability reporting rules The European Commission announced plans to delay key aspects of its Corporate Sustainable Reporting Directive (CSRD), including the adoption of requirements for companies to provide sector-specific sustainability disclosures and for sustainability reporting from companies outside of the EU.

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Green construction practices could unlock this $1.5 trillion opportunity, study finds

GreenBiz

Major emissions cuts and investment opportunities arise from shifting to greener materials and processes in construction and buildings, according to the World Bank's International Finance Corporation.

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South Australia grid operates at 99.8 per cent wind and solar over past seven days

Renew Economy

South Australia gets a glimpse of its "net" 100 per cent renewable future, with wind and solar meeting 99.8 per cent of state demand in the last seven days. The post South Australia grid operates at 99.8 per cent wind and solar over past seven days appeared first on RenewEconomy.

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Are Your Impact Comms Resonating With Stakeholders?

Whether your organization is at the start of its sustainability and impact journey or years into it, many brands share a common concern: the uncertainty of whether they are sending stakeholders mixed messages. Creating content that speaks to your audience's “love language” can be a tricky dance. But, worry not! 3BL has put together tips to ensure that your content not only finds its rhythm but also resonates with your target audiences.

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Shrinking the pet food industry’s carbon footprint, one lab-grown cat treat at a time

Corporate Knights

Cult Food Science is taking on the food system, with sustainability and ethics in mind and cellular agriculture as its guiding light. The first publicly traded company of its kind in North America, the investment company boasts a portfolio of early-stage cultured protein products, including GOOD Meat, the first lab-grown chicken to receive regulatory approval in Singapore and the United States.

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Climate report: 'Uncharted territory' imperils life on Earth

Science Daily / Earth & Environment

An international coalition of climate scientists says that the Earth's vital signs have worsened beyond anything humans have yet seen, to the point that life on the planet is imperiled.

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How Gig Work Exploits Instead of Empowers Women in the Global South

Stanford Social Innovation

By Irene Mwendwa , Bonnita Nyamwire & Sally Roever Roughly six months into the COVID-19 pandemic, a number of international media outlets reported on a silver linings story in Uganda. A Kampala woman who had lost her logistics job during the shutdown founded a new, all-women ride-hailing app called Diva Taxi, hiring dozens of Ugandan women, many who were also laid off or furloughed, providing these workers an economic lifeline and women riders a safer option for travel.

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75% of Companies Not Ready for Pending ESG Data Assurance Requirements: KPMG Survey

ESG Today

Only 1 in 4 companies are at advanced stages of preparation to obtain independent assurance on their reported ESG information, even though 66% are required to disclose ESG data or expect to be soon – including 78% of listed companies – according to a new survey released by global professional services provider KPMG. For the study, KPMG surveyed senior executives and board members at 750 companies across a broad range of sectors and regions, with average company revenue of $15.6 billion, and laun

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Mastering Supply Chain Sustainability: Where Does ESG Fit In?

Speaker: Hortense Grouvel

In this new webinar, you will learn firsthand how to set up a sustainable supply chain program that will help meet increasing ESG requirements stemming from regulators, customers, consumers, and investors alike. Hortense Grouvel, ESG expert at IntegrityNext, and Sean Whelan, Global Senior Manager at Halliburton, will look at how ensuring compliance will also help you increase sustainability performance, resilience, and innovation, allowing you to unlock the full potential of your supply chain op

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Nucor and Microsoft are counting on nuclear fusion to reduce their emissions

GreenBiz

Steelmaker Nucor is investing $35 million in Helion, a nuclear fusion company, as part of a plan to build a power plant for one of its steel mills. Microsoft is also betting on the venture.

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Wind and solar smash records as renewables reach new peak of 72.5 pct on main grid

Renew Economy

Wind and solar deliver more than 70 pct of generation on main grid for first time, as the share of renewables hits a new instantaneous peak of 72.5 pct. The post Wind and solar smash records as renewables reach new peak of 72.5 pct on main grid appeared first on RenewEconomy.

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Tapping sewage for clean energy is the ultimate circular-economy play

Corporate Knights

Behind the hoardings on the southeast corner of a busy downtown Toronto intersection sits an unnervingly deep hole, about 32 feet across and 130 feet down. It’s so deep that visitors can’t see the bottom from the sturdy guardrail around the rim. The surrounding work site is wedged between the back of a public library and a curb skirted by a streetcar line.

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Fluorescent approach aims to combat honey fraud

Envirotec Magazine

A new technology based on fluorescence is being developed to detect if honey has been blended with cheaper additions such as sugar syrup. The brainchild of Aston University and The Scottish Bee Company – With help and support from the British Beekeepers Association and the Honey Authenticity Network UK – the approach appears to offer a solution to this, the second most prevalent form of food fraud worldwide (after milk-related fraud).

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What Regulations Will Impact Sustainability Comms in 2024?

Navigating the waters of sustainability reporting disclosures and regulations can be intimidating, to say the least. With various measures set in motion in 2023 to keep companies accountable, there is a lot in store for brands’ impact communication in the upcoming year. 3BL is kicking off this January with our Navigating ESG Comms Through the Cosmos - Capricorn Edition by highlighting the impact of: The U.S Securities and Exchange Commission (SEC) Climate disclosure rules The European Commission

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‘The Biggest Challenge Is Men Starting Wars’ – Hillary Clinton To Women Peace Activists

Joan Michelson

GIWPS & Hillary Clinton on heightened risks to women in war and violent conflict. “Simply because of their gender." Awarding Christianne Amanpour, plus 3 women activists.

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Less Than 1 in 3 Boards Have a Strong Understanding of ESG Risks Affecting Their Companies: PwC Survey

ESG Today

More than two thirds of corporate boards lack a strong understanding of the ESG risks affecting their companies, including only a quarter that report having a strong grasp of carbon emissions and even fewer on their companies’ climate risk or strategy, according to the new U.S.-focused Annual Corporate Directors Survey released by global professional services firm PwC.

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Companies are slowly realizing their banks are adding to their carbon emissions

GreenBiz

Palo Alto Networks, Burton Snowboards, Lush Cosmetics and Seventh Generation are scrutinizing the impact financial services have on their climate goals.

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Fact Check: Wind turbine energy claim is all spin and no power

Renew Economy

Social media posts are full of hot air in claiming wind turbines take years of operation to make up for the energy needed to manufacture them. This is false. The post Fact Check: Wind turbine energy claim is all spin and no power appeared first on RenewEconomy.

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What Questions Are Brands Asking About Their ESG Initiatives Ahead of 2024?

Temperatures are rising (and not just metaphorically) as key stakeholders anxiously anticipate the outcomes of COP28. While companies reconsider their 2024 environmental sustainability strategies, there is another aspect of ESG that deserves exploring, the social sector. In the latest edition of "Navigating ESG Comms Through the Cosmos - Sagittarius Edition", 3BL hones in on this sign’s bold quality of asking questions others are burning to know the answers to.

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Green financing surges to more than $1.1 trillion at top banks

Corporate Knights

Talk of where banks do and don’t put their money doesn’t usually make the red carpet. But in September, 200 actors and filmmakers signed an open letter calling on the Toronto International Film Festival to stop accepting sponsorship money from RBC. As Avengers star Mark Ruffalo tweeted, “RBC is one of the biggest funders of fossil fuels with the worst record of green washing and First Nation abuses through their fossil fuels and extraction projects.

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What is Web3?

McKinsey Sustainabilty

Web3 is a term used to describe the next iteration of the internet, one that is built on blockchain technology and is communally controlled by its users.

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Wetland conservation “the most effective approach to climate regulation”

Envirotec Magazine

Coastal mangroves: Restoring wetland areas could make a sizeable impact on sequestering emissions New research appears to find that wetland conservation has a higher potential mpact for mitigating climate change than other ocean-based solutions. Conducted by Imperial College Business School , London, in partnership with global management consultancy BIP , and strategic-design studio Sketchin , the findings seem to show that the restoration and preservation of wetland areas, such as mangroves,

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We Have Undervalued Freshwater; We Have Also Undervalued How Much It Matters

WWF Sustainability

The global population has exploited our rivers, lakes, and aquifers creating a water crisis that is undermining human and planetary health.

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The Silver Lining to Corporate DEI Challenges

In our latest edition of Navigating ESG Comms Through the Cosmos - Scorpio Edition, 3BL embraces the perspective of one of the zodiac's most misunderstood signs: Scorpio. While this sign often has a darker view of the world, they do not shy away from shining a light on controversial topics. This month we take a deep dive into corporate pullback of DEI and how companies can utilize astrological advice to reinvent its social impact communication.

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4 ways to be ambitious about the EU's new ESG disclosure rules

GreenBiz

CSRD, the European Union's new ESG reporting directive, goes into effect in January. Here’s how you can make it not just about compliance, but action.

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Germany covers 52 pct of electricity consumption with renewables so far this year

Renew Economy

Renewables covered more than half of Germany’s electricity consumption so far this year, and has averaged 50 pct or more for each of the last seven months. The post Germany covers 52 pct of electricity consumption with renewables so far this year appeared first on RenewEconomy.

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If we want to compete, Canada needs a green and transition taxonomy ASAP

Corporate Knights

To achieve net-zero emissions by 2050 , the Government of Canada has invested billions of dollars in practical efforts to lessen the effects of climate change and encourage clean economic growth. Despite this, Canada faces an investment gap of approximately $115 billion a year to transition to a net-zero emissions economy by 2050, as outlined in the 2022 Federal Budget.

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Digital Transformation is Key to CFOs’ CSRD Compliance

Chris Hall

Maria Grazia Gafagna, Director, ESG & Regulatory Solutions, for Wolters Kluwer CCH Tagetik, says accurate, timely, and consistent CSRD disclosures demand efficient, reliable data collection processes. Starting in 2025, large EU-based companies will be required to disclose more sustainability information than ever before – and they’ll have to report that data from a ‘double materiality’ perspective.

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Supercharge Your ESG Content This Libra Season

Throughout Climate Week, a feeling of urgency on tackling the climate crisis was palpable. Yet, questions continue to linger about corporate progress. Are we truly moving the needle or are we stuck in a cycle of empty statements and a flood of reports and guidelines? In the latest edition of Navigating ESG Comms Through the Cosmos - Libra Edition , we use Climate Week outcomes to explore how brands can communicate progress credibly.