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Why corporate reporting isn’t a proxy for progress

GreenBiz

Chouinard and his coauthors highlighted the many efforts to dollarize ecosystem services (including efforts by The Nature Conservancy plus PwC, the UN Millennium Ecosystem Assessment, The World Bank and Puma/Kering plus Trucost and their environmental profit and loss, or EP&L).

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Take Five: Immediately and Gradually

Chris Hall

Ahead of next week’s IMF and World Bank annual meetings, ex-White House advisor Lawrence Summers called for a “reinvented” World Bank that would prioritise sustainability, supporting global public goods such as climate adaptation , partly via expanded partnership with the private sector. Will their auditors be next to blow the whistle?

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Responsible-investing trailblazer awarded Order of Canada

Corporate Knights

MH: Choosing among responsible investment tools – positive and negative screening, divestment and engagement – is complicated. Early in our history, we were so unwelcome that on one occasion a bank chairman turned off the microphone at the bank’s annual meeting so that a church representative couldn’t ask a question. .

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Avon Pension Fund Developing Climate-focused Cash Strategy 

Chris Hall

So, it’s very difficult to track the carbon usage of that dollar traded through the banking ecosystem. But it’s high on our agenda.” Avon Pension Fund, which manages £5.5 billion, is committed to reaching net zero by 2050 or earlier. As part of this commitment, it has already invested £1.4

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This Week’s Tech and Tools News: NatureAlpha Joins UN Biodiversity Data Initiative

Chris Hall

A report by the firm predicts that banks, insurers, private equity and investment managers will spend as much as US$256 million on specialist software by 2027. Verdantix , a London-based research and advisory firm, has forecast a five-fold increase in spending on carbon management by the finance industry.

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This Week’s Fund News: DWS Launches ESG Fund for Women, by Women

Chris Hall

The fund won’t be limited to green bonds, instead spanning across the corporate and credit universe, including renewable energy, not-for-profit hospitals and development banks. The Global Impact Credit fund aims to target durable growing businesses with a clearly identified impact thesis.

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Sustainability trends 2023

Carlos Sanchez

Goldman Sachs ‘s and Deutsche Bank’s DWS) for exaggerating claims about their products’ sustainability credentials. Among investors, sustainable investing is evolving from negative screening toward engaging with companies. In 2022, the voice against “greenwashing” practices was clear and loud.