Key Impact Points: Despite resistance from some corporate sectors, the push for climate disclosure in the U.S. is gaining momentum, driven by state-level initiatives and impending federal rules. According to a report by Sustainable Fitch, the recent developments underscore a growing trend towards transparency in environmental impact, even as major
Rockefeller and MacArthur Foundations’ Collaborative Fund Unveils Annual Impact Report Key Points: The Rockefeller Foundation’s latest report on the Zero Gap Fund highlights the pivotal role of innovative financing in tackling global challenges. By the end of 2023, the Fund had successfully mobilized more than $1.04 billion in private finance
Key Impact Points: Investment Details The International Finance Corporation (IFC), part of the World Bank Group, has announced a substantial investment to support Natura in promoting sustainable sourcing, which will bolster the Amazon bioeconomy and contribute to the protection and regeneration of the Amazon Forest. This initiative is expected to
Shaping Sustainability and Climate Investing in 2024 Key Insights As we move into 2024, sustainability and climate investing are influenced by significant trends. Extreme weather events are becoming commonplace, prompting economic and social changes. Technological advances in AI are reshaping data privacy concerns, and investments in nature through the voluntary
Key Impact Points: Seventh Generation, known for its bio-based household products, uncovered a significant environmental impact: its cash on the balance sheet generated 9,000 metric tons of CO2 annually. This discovery prompted a deeper look into the company’s financial practices, revealing that its banks’ activities produced more emissions than the
Key Impact Points: Australia’s Federal Government has unveiled its Sustainable Finance Roadmap, positioning the nation as a global leader in sustainable finance. This strategic plan aligns with Australia’s commitments under the Paris Agreement and aims to embed sustainability within the core of financial systems. Major Initiatives “The Roadmap is a
Key Impact Points: A new World Economic Forum report, in collaboration with Boston Consulting Group, outlines 11 strategies to reduce building emissions by 80% and unlock $1.8 trillion in global market opportunities by 2030. This comprehensive roadmap aims to transform the global building sector, addressing climate change and protecting biodiversity.
To avoid the worst of climate change, the scientific consensus is that greenhouse gas emissions must reach net zero by 2050. Many financial institutions have stepped up to the challenge. Here’s what they’ve discovered about what it takes to drive real-world change. Financial institutions face increasingly high expectations for progress
47th Regular Meeting of the Conference of Heads of Government of the Caribbean Community: A Milestone Event The 47th Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) is set to take place from July 3-5, 2024, in Grenada. This meeting is particularly significant as
Key Impact Points: The Dominican Government, through the Ministry of Finance, has made history by issuing its first green bonds, totaling $750 million. These bonds achieved a rate of 6.70%, approximately 15 basis points lower than what would have been achieved with other non-thematic financing instruments of a similar term.
