October, 2023

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Fintechs: A new paradigm of growth

McKinsey Sustainabilty

After decades of hypergrowth, fintechs have entered a new era of value creation, where the focus is on sustainable, profitable growth. This report examines how fintechs can win in these disruptive times.

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Brazil to Require Mandatory Sustainability Reporting from 2026

ESG Today

Public companies in Brazil will be required to provide annual sustainability and climate-related disclosures, starting in 2026, according to a new announcement from Brazil’s Securities and Exchange Commission (CVM) and Ministry of Finance. According to the CVM, the new reporting requirements will be based on the recently published sustainability and climate-related disclosure standards issued by the IFRS Foundation’s International Sustainability Standards Board (ISSB).

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Road hazard: Evidence mounts on toxic pollution from tires

GreenBiz

Researchers are only beginning to uncover the toxic cocktail of chemicals, microplastics and heavy metals hidden in car and truck tires. But experts say these tire emissions are a significant source of air and water pollution and may be affecting humans as well as wildlife.

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South Australia to reach 100 pct wind and solar within a few years, says network company

Renew Economy

Wind and solar reached 100 per cent of demand on 282 days in last year in South Australia, and the state will average 100 per cent within a few years, grid owner says. The post South Australia to reach 100 pct wind and solar within a few years, says network company appeared first on RenewEconomy.

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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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Why this Canadian-owned copper mine is facing fierce opposition in Panama??

Corporate Knights

The recent renewal of a contract for a Canadian-owned copper mine deep in the Panamanian rainforest has tested the limits of the Central American nation’s sovereignty, and triggered widespread protests. Cobre Panamá – the country’s only active mine – has been operating in a 12-hectare area of jungle within a protected park in the coastal Donoso region, digging up 1.5% of the world’s copper.

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Humans are disrupting natural 'salt cycle' on a global scale, new study shows

Science Daily / Earth & Environment

A new paper revealed that human activities are making Earth's air, soil and freshwater saltier, which could pose an 'existential threat' if current trends continue. Geologic and hydrologic processes bring salts to Earth's surface over time, but human activities such as mining and land development are rapidly accelerating this natural 'salt cycle.

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EU Adopts Laws to Double Renewable Energy Share, Decarbonize Aviation

ESG Today

The European Council today announced the adoption of two pieces of legislation today, including a directive to nearly double the share of renewable energy consumption in the EU by 2030, and a law aimed at decarbonizing the aviation sector by accelerating the adoption of sustainable aviation fuel (SAF). The Council’s adoption of the new rules marks the last major step in the completion of two of the final pieces of the European Commission’s “ Fit for 55” roadmap – the EU’s proposed strategy to cu

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Green construction practices could unlock this $1.5 trillion opportunity, study finds

GreenBiz

Major emissions cuts and investment opportunities arise from shifting to greener materials and processes in construction and buildings, according to the World Bank's International Finance Corporation.

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Vanadium flow batteries stake a claim for round the clock storage for renewables

Renew Economy

Largest vanadium flow battery in south hemisphere is going through its commissioning process at Port Pirie, with big hopes for the future of round-the-clock storage. The post Vanadium flow batteries stake a claim for round the clock storage for renewables appeared first on RenewEconomy.

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Five paths to TSR outperformance

McKinsey Sustainabilty

It’s hard for companies to significantly beat long-term market TSR, harder still for the largest corporations, and hardest of all in the face of low growth. But industry endowment needn’t be destiny.

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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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Climate report: 'Uncharted territory' imperils life on Earth

Science Daily / Earth & Environment

An international coalition of climate scientists says that the Earth's vital signs have worsened beyond anything humans have yet seen, to the point that life on the planet is imperiled.

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California Takes Heat Off SEC

Chris Hall

As the Golden State passes ground-breaking climate disclosure laws, all eyes are on the SEC’s next move amid fierce Republican pushback to its forthcoming rules. Democrat Senator Scott Wiener likens California’s legislature to the videogame Mortal Kombat when describing the pressurised environment in which he successfully steered one of two landmark climate disclosure bills in September.

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EU Commission to Delay Adoption of Sustainability Reporting Standards by 2 Years

ESG Today

Proposals would postpone sector-specific and non-EU company sustainability reporting rules The European Commission announced plans to delay key aspects of its Corporate Sustainable Reporting Directive (CSRD), including the adoption of requirements for companies to provide sector-specific sustainability disclosures and for sustainability reporting from companies outside of the EU.

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Nucor and Microsoft are counting on nuclear fusion to reduce their emissions

GreenBiz

Steelmaker Nucor is investing $35 million in Helion, a nuclear fusion company, as part of a plan to build a power plant for one of its steel mills. Microsoft is also betting on the venture.

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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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South Australia grid operates at 99.8 per cent wind and solar over past seven days

Renew Economy

South Australia gets a glimpse of its "net" 100 per cent renewable future, with wind and solar meeting 99.8 per cent of state demand in the last seven days. The post South Australia grid operates at 99.8 per cent wind and solar over past seven days appeared first on RenewEconomy.

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What is Web3?

McKinsey Sustainabilty

Web3 is a term used to describe the next iteration of the internet, one that is built on blockchain technology and is communally controlled by its users.

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We Have Undervalued Freshwater; We Have Also Undervalued How Much It Matters

WWF Sustainability

The global population has exploited our rivers, lakes, and aquifers creating a water crisis that is undermining human and planetary health.

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ESG ratings: whose interests do they serve?

Financial Times: Moral Money

Regulators and politicians are focusing on the accuracy, transparency and potential for conflicts of interest with sustainability scores

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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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75% of Companies Not Ready for Pending ESG Data Assurance Requirements: KPMG Survey

ESG Today

Only 1 in 4 companies are at advanced stages of preparation to obtain independent assurance on their reported ESG information, even though 66% are required to disclose ESG data or expect to be soon – including 78% of listed companies – according to a new survey released by global professional services provider KPMG. For the study, KPMG surveyed senior executives and board members at 750 companies across a broad range of sectors and regions, with average company revenue of $15.6 billion, and laun

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Companies are slowly realizing their banks are adding to their carbon emissions

GreenBiz

Palo Alto Networks, Burton Snowboards, Lush Cosmetics and Seventh Generation are scrutinizing the impact financial services have on their climate goals.

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Solar will dominate grids around the world – even without ambitious new climate policies

Renew Economy

Solar energy combined with storage is expected to become the cheapest option for generating electricity in nearly all regions worldwide by 2030. The post Solar will dominate grids around the world – even without ambitious new climate policies appeared first on RenewEconomy.

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Tech talent in transition: Seven technology trends reshaping telcos

McKinsey Sustainabilty

With technologies like edge computing, AI, and xRAN transforming telecom, leaders are reassessing how to capture value. Rethinking talent is a key piece of the puzzle.

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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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World’s electricity supply close to ‘peak emissions’ due to growth of wind and solar

Eco-Business

Carbon dioxide (CO2) emissions from the global power sector grew just 0.2 per cent in the first six months of 2023, with rapidly rising wind and solar outpacing sluggish demand growth.

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ESG is beyond redemption: may it RIP

Financial Times: Moral Money

The investing framework is now facing a mountain of troubles, almost all of them of its own making

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Less Than 1 in 3 Boards Have a Strong Understanding of ESG Risks Affecting Their Companies: PwC Survey

ESG Today

More than two thirds of corporate boards lack a strong understanding of the ESG risks affecting their companies, including only a quarter that report having a strong grasp of carbon emissions and even fewer on their companies’ climate risk or strategy, according to the new U.S.-focused Annual Corporate Directors Survey released by global professional services firm PwC.

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How the financial sector can make 'nature markets' work

GreenBiz

The growth of ‘nature markets’ doesn’t guarantee better outcomes for biodiversity or conservation. How can we make sure their evolution doesn’t make things worse?

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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.

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Rooftop solar saves money, and batteries can wipe out bills: Labor pushes household savings

Renew Economy

Federal government releases new data showing big savings from rooftop solar, and from household battery storage. The post Rooftop solar saves money, and batteries can wipe out bills: Labor pushes household savings appeared first on RenewEconomy.

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Author Talks: Am I making myself clear?

McKinsey Sustainabilty

Feeling misunderstood? A BBC journalist shares the communication blunders that keep you from getting your point across and what you can do to avoid them.

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Singapore universities making ‘little to no progress’ phasing out fossil fuels influence: activists

Eco-Business

The city-state's top universities have largely ignored calls to divest from fossil fuels. In some cases, their campuses have become more entrenched with Big Oil since a student divestment campaign started in 2017, a new study finds.

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Climate change the ‘most common’ reason for portfolio exclusion

Financial Times: Moral Money

Research shows continuing effect on investment decisions, despite a pushback against ‘woke’ capitalism

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How Will Virgo Season Impact Your ESG Communication?

3BL’s in-house experts merge the celestial wisdom of astrology with current environmental, social, governance (ESG) communication trends to offer a unique perspective and practical advice on sharing your company’s commitments effectively. 3BL’s new “Navigating ESG Comms through the Cosmos” series begins with Virgo season! In this edition, we delve into: How businesses have responded to environmental disasters over the past few months and why you can expect a continued focus on the climate crisis