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Which banks are financing the clean energy transition?

Corporate Knights

The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? And which banks will take the lead? . Corporate Knights researchers ranked 60 banks for which they found quantifiable sustainable-revenue data from an initial pool of 91 banks.

Banking 360
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Global Insights Series • Social Impact

3BL Media

In developing markets, where many communities will feel some of the worst effects of climate change, ensuring a just transition is critical. By grasping the social opportunity, financial institutions may benefit both in value creation and risk management.

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Take Five: The Waiting is Almost Over

Chris Hall

Clearing’s present danger – Financial market infrastructures are waking up to climate risks, even as some central banks are scaling back their work in this area. The terms of reference for the review seem intentionally broad, emphasising “long-term value creation” and seeking to avoid reporting burdens and unintended consequences.

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Ecosystems for good: How collaborator networks achieve sustainability

GreenBiz

While the ability of ecosystems to enhance value creation and amplify impact is well-regarded in business, their potential to drive public good is quickly coming into focus. However, ecosystems are already showing promise in this domain: Plastic Bank ’s goal is to create value from waste is one example.

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EY Survey: Investors say Companies are Cherry-Picking Reported ESG Data

ESG Today

According to the EY report, the survey’s findings of a perceived shortfall of effective corporate reporting on ESG, and the misalignments between investor and company expectations on long-term value creation and sustainable growth could impeded the ability of organizations to access capital and progress on meeting sustainability goals.

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NBIM Divestments Driven by Social, Governance Risks

Chris Hall

More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. Risk-based divestments linked to climate change and human rights have increased the cumulative return on equity management by 0.28 trillion in assets under management (AUM).

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Accounting for Overshoot

Chris Hall

Europe says its mandatory ESRS will provide investors the information they need to understand the sustainability impact of the companies in which they invest on issues such as climate change, biodiversity loss and human rights. C.” On Europe’s newly adopted ESRS, r3.0