November, 2023

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UK investors pull out of ESG funds

Financial Times: Moral Money

Record outflow of £544mn from responsible investment funds in September

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How Dominion Energy is creating a $9.8 billion road map for offshore wind

GreenBiz

Close to $22 billion in U.S. offshore wind projects have been delayed or canceled, but the Virginia utility is moving forward with the largest facility in U.S. waters.

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China to install record-breaking 230 GW of wind and solar in 2023

Renew Economy

China is quietly reorganising its entire power sector to support rapid electrification and renewables uptake – and smashing records along the way. The post China to install record-breaking 230 GW of wind and solar in 2023 appeared first on RenewEconomy.

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Canada's pension plan shouldn’t be a cheerleader for Alberta’s oil and gas industry

Corporate Knights

By standing before the Calgary Chamber of Commerce and pledging our national pension fund’s continued support for the Alberta oil and gas industry, Canada Pension Plan Investment Board (CPPIB) CEO John Graham predictably told Alberta Premier Danielle Smith and her Big Oil allies exactly what they wanted to hear. But the financing needs and expansion plans of oil and gas companies are incompatible with CPPIB’s mandate to ensure Canadians’ retirement security by investing “with a view to achieving

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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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New research suggests plants might be able to absorb more CO2 from human activities than previously expected

Science Daily / Earth & Environment

New research paints an uncharacteristically upbeat picture for the planet. This is because more realistic ecological modelling suggests the world's plants may be able to take up more atmospheric CO2 from human activities than previously predicted.

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BlackRock Raises $1 Billion for Energy Transition-Focused Infrastructure Fund

ESG Today

Investment giant BlackRock announced today that it has raised nearly $1 billion in client commitments at the initial close of its energy transition and energy security-focused Evergreen Infrastructure fund, Launched in June 2022, fund is a core, open-ended infrastructure equity fund that focuses on investing in infrastructure businesses in Europe and North America aligned with the themes of energy transition and energy security, in addition to a focus on thematic sectors including transportation

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The US/China climate agreement: 5 takeaways for business leaders

GreenBiz

With geopolitical tensions high and the stakes for the global environment rising, the countries reached the starting point for a path forward on mitigating the climate crisis.

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Small modular nuclear reactors: a history of failure

Renew Economy

Dozens of ‘small modular reactor’ designs are being promoted, but precious few will reach construction stage and likelihood of SMRs being built in large numbers is negligible. The post Small modular nuclear reactors: a history of failure appeared first on RenewEconomy.

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Facing the storm: Caribbean countries make urgent call for more equitable climate funding

Corporate Knights

Jamaica was on hurricane watch in the days leading up to the UN COP28 climate summit. An unusual tropical storm swinging in from the west was heading for the Caribbean, a region often in the eye of the changing climate, with intensifying storms, record flooding, devastating drought and crumbling coastlines. In the face of such turmoil, the Caribbean has home-grown solutions that are building resilience and lowering emissions as it girds for fiercer storms: coral reef baskets to protect coastline

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Future floods: Global warming intensifies heavy rain -- even more than expected

Science Daily / Earth & Environment

The intensity and frequency of extreme rainfall increases exponentially with global warming, a new study finds. The analysis shows that state-of-the-art climate models significantly underestimate how much extreme rainfall increases under global warming -- meaning that extreme rainfall could increase quicker than climate models suggest.

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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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EU Parliament Votes to Push for End of Global Fossil Fuel Subsidies by 2025 at COP28

ESG Today

Lawmakers in the European Parliament voted 462-134 for a resolution outlining its delegation’s position at the upcoming UN COP28 Climate Conference, which includes a call for the end of fossil fuel subsidies globally by 2025. COP28 is set to take place in Dubai from November 30 to December 12. In addition to calling all for an end to all direct and indirect fossil fuel subsidies, at national, EU and global levels, “as soon as possible and by 2025 the latest,” the resolution also supports a tangi

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Unmasking Big Oil’s Audacious Carbon Capture Deception

Richard Matthews

The fossil fuel industry has a long history of malfeasance but their misapplication of carbon capture may be their most audacious disinformation ploy to date. As explained in an Energy Transitions Commission report, carbon technology is being ‘co-opted’ by fossil-fuel companies so they can keep extracting oil and gas. While carbon capture is a critical […] The post Unmasking Big Oil’s Audacious Carbon Capture Deception appeared first on Change Oracle.

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Filling this 'forgotten element' of the energy transition is critical to net zero

GreenBiz

The pipeline of investable renewable energy and low carbon infrastructure projects in developing nations needs to be up to nine times larger, warns the Tony Blair Institute for Global Change.

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Bowen dumps RET for 32 GW of auctions in massive policy shift to supercharge renewables

Renew Economy

Chris Bowen will let the long-standing renewable energy target die, choosing instead a massive auction program seeking 32GW of new capacity to meet 82 pct renewable target. The post Bowen dumps RET for 32 GW of auctions in massive policy shift to supercharge renewables appeared first on RenewEconomy.

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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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Most Canadians want their investments to align with climate action

Corporate Knights

Are Canada’s financial institutions and large private companies aligned with climate action? Canadians want them to be. In fact, the majority of Canadians want strong policies from the government to ensure that financial institutions invest more sustainably. The government has started to take action, but more is needed. Last week, in the fall economic statement, the federal government promised action on sustainable finance.

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'Cooling glass' blasts building heat into space

Science Daily / Earth & Environment

Researchers aiming to combat rising global temperatures have developed a new 'cooling glass' that can turn down the heat indoors without electricity by drawing on the cold depths of space. The new technology, a microporous glass coating, can lower the temperature of the material beneath it by 3.5 degrees Celsius at noon, and has the potential to reduce a mid-rise apartment building's yearly carbon emissions by 10 percent.

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Is the Nuclear Energy Industry Ready for Artificial Intelligence?

Energy Central

IAEA Working Groups on AI IAEA Report on AI and Nuclear Energy US Nuclear Regulatory Commission Strategic Plan and Workshops on AI OECD/Nuclear Energy Agency – Task Force on Artificial Intelligence and Machine Learning for Scientific Computing in Nuclear Engineering The often quoted mantra of silicon valley’s entrepreneurs is “move fast and break things.

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How much science is there behind the Science Based Targets Initiative?

Impact Alpha

There is an urgent race to curb rising temperatures and prevent the worst effects of climate change. This is reflected in a growing. The post How much science is there behind the Science Based Targets Initiative? appeared first on ImpactAlpha.

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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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Most companies are fumbling their 2025 plastic waste targets

GreenBiz

The world is off track to tackle plastic pollution. Here's what business must do now, according to the Ellen MacArthur Foundation.

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Tesla reveals plan to be Australian energy retailer and “disrupt traditional incumbents”

Renew Economy

Tesla reveals details of its plan to take on traditional utility incumbents in Australia by focusing on household and business packages that combine rooftop PV, electric cars and battery storage. The post Tesla reveals plan to be Australian energy retailer and “disrupt traditional incumbents” appeared first on RenewEconomy.

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Tree planting in the face of Canada’s worst wildfire season

Corporate Knights

From my 100-foot fire tower in northwestern Alberta, I gaze down at several people toiling away in a nearby cut block, their bodies bent forward, bags of seedlings tied to their waists, spades in hand, digging, slipping in a young tree and firming up the soil with a boot. They work quietly, steadfast under a hot sun. They’re among the handful of people that I’ll come to meet over a summer of watching for smoke in the boreal forest: tree planters, responsible for regenerating forests – a vital ca

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Joint statement on UNFCCC work programme on just transition pathways

We Mean Business Coalition

Organizations working with business, financial institutions and employer organizations on just transition share expectations for the new UNFCCC work programme on just transition pathways.  Download the joint statement (pdf) To Parties attending UNFCCC COP28,     We welcome the establishment at COP27 of a new UNFCCC work programme on just transition for discussion of pathways to achieve the goals of the Paris Agreement, as well as the decision to convene annual high-level ministerial roundtable

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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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Designing cities for 21st-century weather

Science Daily / Earth & Environment

Researchers have investigated how changes in urban land and population will affect future populations' exposures to weather extremes under climate conditions at the end of the 21st century. They used a data-driven model to predict how urban areas across the country will grow by 2100, and found that how a city is laid out or organized spatially has the potential to reduce population exposures to future weather extremes.

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Show Your Working

Chris Hall

Difficulties in definition continue to thwart efforts to demonstrate the financial benefits of sustainable investments. Sustainable fund flows attracted US$37 billion of net new money in Q4 2022, with global sustainable fund assets reaching a total of US$2.5 trillion by end of the year, according to data and research provider Morningstar. This suggests steady growth in the teeth of last year’s energy price crisis.

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The first step toward an embedded sustainability strategy: Pinpoint key ESG issues

GreenBiz

The initial building blocks in creating an embedded strategy are establishing material ESG factors and stakeholders and developing a materiality matrix.

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Solar smashes more records, as coal power sent to another new low

Renew Economy

Rooftop and utility scale solar set new records in Australia's main grid, as coal output from the country's biggest coal state also sent to a new low. The post Solar smashes more records, as coal power sent to another new low appeared first on RenewEconomy.

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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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Why we need to wean agriculture off fossil fuels 

Corporate Knights

When it comes to the ecological harms of industrial farming, pesticides and nitrous-oxide-spewing fertilizer s are often top concerns for environmentalists.   But agriculture’s overall use of fossil fuels is also an enormous problem, according to a recent analysis by the Global Alliance for the Future of Food. The report estimates that agriculture’s supply chain is responsible for at least 15% of the world’s fossil fuel use and for driving the equivalent annual carbon emissions of the European

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Seeing around corners: How to excel as a chief of staff

McKinsey Sustainabilty

A chief of staff can be instrumental to a CEO’s success while also advancing their own career. Here are eight pieces of advice from those who have mastered the role.

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Low-intensity fires reduce wildfire risk by 60%, according to study by Columbia and Stanford researchers

Science Daily / Earth & Environment

High-intensity, often catastrophic, wildfires have become increasingly frequent across the Western U.S. Researchers quantified the value of managed low-intensity burning to dramatically reduce the risk of such fires for years at a time.

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BlackRock study finds gender-balanced companies outperform peers

Financial Times: Moral Money

World’s largest asset manager publishes report as critics attack ESG factors in investing

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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.