Sustainability investing is taking off, but it is seriously flawed: there are no universal rules for ESG risks or clear frameworks to police ESG products. Part of the solution is to put a price on the 'E' in ESG, writes Assaad Razzouk
A new study has found that the UK, Germany, France, Italy and Japan 'imported' more than 90 per cent their national deforestation footprints from abroad between 2001 and 2015, most of which were from tropical forests.
For the first time, corporations have come out in opposition to deep sea-bed mining. These firms say they will not source minerals mined from the sea floor, because of the potentially devastating consequences of disturbing unknown habitats.
Cutting down forests has major implications on climate goals. Primary forest loss last year jumped about 12 per cent from 2019, with Brazil having the highest deforestation rates, while Indonesia and Malaysia seeing some improvements.