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.
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.
John Sayer and Ir Albert Lai –
Despite the laudable motives behind the design of sustainability-linked finance, there remain two unresolved dilemmas – the omission of the “additionality principle” and the risk of moral hazard. Lenders and investors need reassurance that sustainability-linked money is financing genuine and additional advances in environmental and social progress.
and John Murton –
With the urgency of the climate crisis becoming clearer by the day, governments and multilateral lenders must end public financing for fossil fuels and increase their support for renewables as soon as possible. This year's United Nations climate-change conference offers the perfect opportunity to lock in such commitments.
Although the biodiversity crisis is intimately linked to the climate one, the financing to address it is woefully inadequate. With a new global biodiversity plan now in the works, the world has an opportunity – and a duty – to start making up for lost time.
Governments are anticipated to take more coordinated action towards harmful crypto mining activities. But, increased regulation could well push miners to new regions with plenty of cheap, dirty electricity.
Annika Mock –
Eminent speakers and thousands of attendees discussed strategies for a resource-efficient future at Ecosperity Week 2019. As they heard about the science of global warming, delegates were called upon to be part of the solution.
Suggestions by delegates at the World Bank's recent Innovate4Climate event in Singapore included: Supporting developing countries in their efforts to conserve the forests, and launching more incubators for climate-friendly solutions.
Gan Su Xuan –
In line with the Sustainable Development Goals' aim to eradicate poverty, a Japanese multinational electronics firm is providing power supply stations, solar storage and products to countries with little or no access to electricity.
Are "green finance" and climate change gaining traction in the Asian financial sector? We reviewed the practices of 88 leading financial institutions across Asia-Pacific to find out. We discovered growing …
A new ground-breaking study launched by Eco-Business puts a spotlight on Southeast Asia's transition to the low carbon economy and identifies the top challenges for the region as insufficient regulation …