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

Corporate Knights

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. Climate changes means business,” the environment minister told a GLOBExChange audience. “We

Net Zero 305
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Asian Investors Embrace Net Zero Commitments

Chris Hall

Portfolio-wide commitments to net zero emissions have surged among Asian investors, according to a new study from The Asia Investor Group on Climate Change (AIGCC). A total of 40% of survey respondents had committed to net zero emissions, compared with none the previous year.

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

Corporate Knights

Canada is lagging in its efforts to drive private capital into sustainable investments to finance solutions on climate change and other environmental challenges. That includes the percentage of revenue that a firm derives from green sources and the percentage of its capital expenditures that is aimed at low-carbon projects.

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Take Five: Into the Stratosphere

Chris Hall

The European Markets and Securities Authority (ESMA) released an analysis that noted the “absence of harmonised and standardised reporting requirements” for private sector actors against SDG targets, and concluded that most funds claiming to contribute to SDGs neither explained clearly how they aligned, nor invested any differently to non-SDG funds.

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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. But even if changes are made, the taxonomy has been dealt a heavy blow.

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Taking the Heat Out of COP27

Chris Hall

Not only did it set the tone for a wide range of adaptation initiatives throughout COP27, by focusing attention on the Global South it changed the narrative of climate diplomacy, helping to pave the way for the loss and damage fund , the proceeds of which will ultimately bolster physical defences against climate change. .

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Take Sustainability to Heart

Chris Hall

The aims of the UN’s Climate Action Pathway for Finance , published in advance of COP26 last year, are nothing if not ambitious. By 2050, its vision is for asset managers to have adjusted their business models to ensure that every financial decision takes climate change into account.