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.
Experts warn that addressing climate change will bring with it political instability, rising protectionist policies and inflation in poorer nations placing pressure on the resolve of governments to see the energy transition through.
Brunei Darussalam's renewable energy policy is as modest as its hydrocarbon strategy is ambitious. The petrostate is banking on technology to reduce its carbon footprint to preserve its ambitious expansion of oil and gas activities.
Kristina Skierka and Richenda Van Leeuwen –
Small businesses are integral to climate-change mitigation and adaptation, particularly in the developing world. But international policymakers and financial institutions routinely overlook their contribution, jeopardising us all.
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.
Singapore is the first country in the world to approve cell-based meat, but that’s just one of the five reasons why the city-state is well-positioned to provide an enabling environment for food tech innovators to thrive.
Zafirah Zein –
In the video, environmental law group ClientEarth compares the oil and gas giant's advertisements on its low-carbon investments to a burger chain claiming that they’re vegan because they’ve got salad on the menu.
Micah Castelo, Mongabay.com –
The Philippine government has begun the process of relocating more than 200,000 families living along waterways to restore Manila Bay, the main body of water in the capital.
Kartik Chandramouli, Mongabay.com –
With a vision to end the drudgery of manual rickshaw pulling, social enterprise SMV Green is also helping restore clean air in one of India's most polluted cities through electric rickshaws.
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 …