The International Finance Corporation's Green Equity Strategy is seen as a good start toward ending the lender’s coal exposure, but a new study finds what it says are loopholes that could render the strategy ineffective.
Green bonds may have a credibility issue, but they are the most direct way to finance green projects, says Maarten Biermans, head of sustainable capital markets for Dutch finance giant Rabobank. He tells Eco-Business why responsible investing is gaining the upper hand.
Singapore's OCBC Bank CEO Samuel Tsien declares the bank will stop funding for new coal-fired power plants. Two days later, rival DBS follows suit, ruling out financing a fossil fuel that is the single biggest contributor to greenhouse gas emissions.
Giulia Christianson and Jack McClamrockAriel Pinchot –
Although the world's largest asset management firm has seen an increase in sustainable investment funds in the past year, sustainability has yet to be mainstreamed into its core business practices, say experts from the World Resources Institute.
Liu Zhenmin –
Increasingly destructive natural disasters, geopolitical shifts, and glaring inequalities have forced the international community to acknowledge that existing frameworks for addressing global issues collectively are in need of an overhaul. In fact, this may be the world's last chance to get serious about sustainable development.
Scott Maher and Lise Kingo –
With the rise of nationalism, multilateralism and global cooperation are under increasing threat, posing a serious risk to future prosperity. Business and finance leaders need to make the Sustainable Development Goals a priority if they want to combat current threats and create positive global impact.
How we respond to rising urbanisation and plan for its expansion in Asia Pacific is likely to decide whether recent development gains can be made sustainable, writes UN Under-Secretary-General Armida Salsiah Alisjahbana.
One lesson from the country's Gilets Jaunes protests is that climate policy needs to be seen as relevant for working class populations if they are to support its implementation, writes Davide Natalini of the Global Sustainability Institute.
Hannah Alcoseba Fernandez –
Nine months after she was appointed to lead Malaysia's environment ministry, Yeo Bee Yin spoke to Eco-Business about gender equality, plastic pollution and boosting the country's green industry.