Global ESG News
- Japan boosts renewable energy target for 2030 energy mix
Japan will raise its target for renewable energy in the country’s electricity mix for 2030 as it pushes to cut emissions to meet commitments under international agreements on climate change.
- IBM Announces 21 Environmental Sustainability Goals
IBM has announced an updated set of 21 environmental sustainability goals. The pledges support or complement the company’s current commitment to reach net-zero GHG emissions by 2030.
- ESG assets on track to exceed $50trn by 2025
Amid a period of acceleration for green bonds in the corporate and government market, ESG assets surpassed $35trn in 2020 and are set to hit $50trn by 2025 even with half the pace of the past five years.
- 168 investors urge 1300+ firms to disclose environmental data
A record number of investors requesting corporate environmental disclosure from 1300+ firms, including Netflix, Alibaba Group, and Roche Holding AG. The campaign demonstrates that companies are more than twice as likely to disclose their environmental impact when directly engaged by investors.
- FCA sets out guiding principles for ESG, sustainable investment funds
FCA highlights that fund’s ESG/sustainability focus should be reflected consistently in its design, delivery and disclosure. Moreover, it should be reviewed consistently in its name, stated objectives, its documented investment policy and strategy, and its holdings.
- Europe’s Biggest Banks Warn of Major Flaw in Key ESG Metrics
EU planned Green Asset ratio, revealing how much a bank lends to climate-friendly companies and projects. This measurement provides comparable quantitative disclosures on climate-change-related risks. However, it is also seen that the metric could offer a misleading snapshot, as it is difficult getting data from corporate clients that aren’t subject to reporting requirements because they’re based outside Europe.
- A closer look at Norway’s ESG reporting and due diligence requirements
EU and Norway are tightening up ESG reporting requirements by introducing both the new Sustainable Finance Act and the Transparency Act as well as other ESG legislative initiatives in Norway. While ESG reporting was voluntary, there appears to be a shift to formal reporting. There is an increased use of regulations by authorities and expectations by civil societies.
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