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Feds roll out climate requirements for companies that receive big government contracts

Corporate Knights

If companies want to do big business with the Canadian government going forward, they’ll need to prove how green they are. The federal government is pursuing new policies on procurement and low-carbon investment standards aimed at boosting the business prospects for companies committed to net-zero climate plans.

Net Zero 314
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Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

At a forum on sustainable finance in Ottawa this week, a parade of speakers, including Environment Minister Steven Guilbeault, warned that Canada is falling behind global competitors in the race to attract the investment needed to fuel the transition to a net-zero economy. Canada is playing catch-up,” he acknowledged. “We

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Take Five: Nature Takes New York

Chris Hall

Nine out of ten – Using home-field advantage in New York Climate Week , US Treasury Secretary Janet Yellen unveiled nine “voluntary” ‘Principles for Net-Zero Financing and Investment’, aimed at promoting “consistency and credibility” in the actions of financial institutions that have made net zero commitments.

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Take Five: Into the Stratosphere

Chris Hall

Many of the difficulties stem from how multilateral development banks (MDBs) operate and interact with the private sector, but one channel for private investment flows was also flagged as problematic this week. Perhaps more significant was the African Development Bank’s US$750 million issuance, which attracted 275 investors.

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UK Must “Harness the Power” of its Green Taxonomy – GTAG

Chris Hall

Levick also noted that the taxonomy could be employed via initiatives such as a net zero test, which the UK might apply to all its public investment decisions, utilising the taxonomy to evaluate whether investments align with the its definition of ‘green’.

Banking 59
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EU ‘green’ label for gas and nuclear sparks sustainable investing crisis

Corporate Knights

I’m reminded of this debate amid the current turmoil over a green investment label in Europe, a situation caused largely by the unwillingness of the sustainable investment sector to create its own industry standard. Werner Hoyer, president of the European Investment Bank.

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Taking the Heat Out of COP27

Chris Hall

According to the International Energy Agency (IEA), US$4 trillion needs to be invested in renewable energy globally every year by 2030 to achieve net zero by 2050. At least US$1 trillion of this needs to be annually invested in EMDEs. The finance sector .