By Lamar Johnson, Utility Dive Dive Brief: Dive Insight: Citi said it remains on track to reach its 2030 sustainable finance goals, which it called “an integrated effort” across its operations. The bank invested $92.7 billion in green infrastructure, climate tech and social initiatives in 2023 to work toward this
African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs). Speaking at the Islamic Development Bank’s 50th anniversary celebrations in Riyadh, he highlighted a growing annual financial shortfall of $4 trillion, a gap that threatens to
A pay-for-success Conservation Impact Bond demonstrates how Indigenous environmental knowledge combined with impact financing and investing can support conservation of natural resources Like so many other important and fragile ecosystems around the world, Canada’s Carolinian Zone, an ecoregion in southern Ontario that contains more than 500 rare and endangered species
In a pivotal gathering that took place during Earth Week, Earthx2024 emerged as a critical platform for environmental leaders from across the globe to discuss, deliberate, and devise strategies aimed at safeguarding our planet and its vulnerable communities. The annual event organized by EarthX in Dallas, Texas, was buzzing with
BMO announced the launch of its Greener Future Financing program in the United States – its first climate financing program to help small and medium-sized businesses build future-ready, climate-resilient operations. In 24 states – including Arizona, California, Colorado, Florida, Idaho, Illinois, Iowa, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wisconsin, and Wyoming (businesses located in Michigan or Texas must be within 100 miles of a BMO full-service retail branch in an adjacent
The report showcases the achievements, lessons and best practices in developing Integrated National Financing Frameworks from around the world The Integrated National Financing Framework (INFF) Facility launched its flagship report, ‘Making Finance Work for People and Planet: How Countries are Building their Sustainable Finance Ecosystem through Integrated National Financing Frameworks’ at an
The Asian Infrastructure Investment Bank (AIIB) and the World Bank have signed a renewed Memorandum of Understanding (MOU) to enhance collaboration on infrastructure development and support the achievement of the Sustainable Development Goals (SDGs). The renewed MOU was signed by AIIB President Jin Liqun and World Bank President Ajay Banga
What you need to know We live in disruptive times. Disruption is nothing new, of course, but the speed with which change occurs in today’s world can catch businesses and investors off guard if they’re unprepared. There is a famous quote often attributed to naturalist Charles Darwin1 : ‘It is not
By Robert Kerr, Audit & Assurance Partner, Accounting and Reporting Advisory, Deloitte & Touche LLP Talking points These are exciting times for those of us who’ve worked on ESG initiatives for many years. Not only are ESG disclosure frameworks evolving and accelerating, but many organizations—from large multinationals to emerging growth companies—seem
Key Impact Points: S&P Global Ratings recently released its global bond forecast for 2024, shedding light on the trajectory of sustainable bond issuance. Despite macroeconomic uncertainties, the forecast suggests a cautiously optimistic outlook for the sustainable finance market. According to the report, GSSSB issuance is expected to experience modest growth,
