Financial institutions including HSBC and Bridgewater Associates are backing a public database to simplify access to corporate sustainability data. 'ESG Book', created by data firm Arabesque, aims to standardise multiple corporate disclosures from around the world.
Kalra, chief financial officer of agribusiness giant Olam, has become part of the global group of chief financial officers from large organisations which aims to embed social and environmental impacts in strategic planning.
With little or no visibility on the environmental impact of the materials used for garments and shoes, brands are counting on open-sourced data compiled by the tech giant to shed light on murky supply chains.
Thousands of Asian garment factories producing wares for brands including Adidas, Nike and ASOS could be underwater by 2030 due to rising sea-levels, but research shows that buyers have "no plans" to mitigate possible large-scale losses of jobs and income.
Bevis Longstreth and Connor Chung –
Despite the increasing urgency of the climate crisis, many of the world’s most powerful financial actors have continued to invest in the fossil-fuel industry. But a new trend in the law is forcing institutional investors to decarbonise their portfolios – or be held legally accountable.
Richard Mattison –
In the run-up to COP26, companies trumpeted their commitment to addressing climate change, often citing pledges to achieve goals decades in the future. But meeting these distant objectives requires near-term action, about which the corporate world has been far less forthcoming.
Bumper profits and hefty price-tags do not equate to athleisure brand, Lululemon's, social mission and core sustainability considerations. Lululemon should find the time to realign itself with its supposed socially-oriented values.
Ping Manongdo –
The new GRI Standards by the Global Reporting Initiative moves from merely recommending what to report to identifying exactly what businesses and investors are required to publicly disclose on their impacts.