The Sustainable Finance Working Group has drawn up a proposal to make access to the world’s four largest multilateral climate funds, the so-called ‘green funds,’ less bureaucratic, so that countries from the Global South can access funding for projects to combat the impacts of climate change. One of the priorities
With the fourth round of negotiations for a UN treaty to end plastic pollution now concluded, Unilever CEO Hein Schumacher reflects on the progress made and the road ahead. Unilever CEO Hein Schumacher’s reflection Last week I took the opportunity to attend INC4 in Ottawa, the fourth round of negotiations
By Jose Luis Palmer from RankiaPro Europe Fidelity International has introduced two new Sicav strategies dedicated to sustainable social and corporate bonds, aligning with environmental and social objectives. Leading the charge, Kristian Atkinson will manage the Sustainable Global Corporate Bond fund, while Shamil Gohil will oversee the Sustainable Social Bond fund. Both funds are classified
Leading businesses today called on California lawmakers and Gov. Gavin Newsom to fully fund the implementation of the state’s landmark corporate climate disclosure legislation. Passed in 2023 with significant company and investor support, SB 253 and SB 261 – collectively referred to as the Climate Accountability Package – are historic risk
CEOs are feeling more hopeful about their immediate prospects and the actions they need to take now to create capital for investment in future growth. But in a challenging market, there remains a focus on short-term returns. Respondents indicated that longer-term ambitions around decarbonization and the creation of new revenue
By Alice Bolton and Ron Soonieus, BCG Boards and CEOs are increasingly using financial incentives to hit corporate sustainability goals. BCG research shows that 47% of corporate directors say that sustainability should be “entirely” integrated in executive performance metrics and/or compensation. And another 40% say it should be “somewhat” integrated. (See Exhibit 1.) But our analysis
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
Echoing this year’s Earth Day theme of “Planet vs Plastics”, Acer has partnered with Plastic Bank and has pledged to collect and recycle at least 50 tons of plastic waste from the environment in 2024. The Canada-based social enterprise focuses on tackling the growing issues of plastic pollution by building
By Sanaullah Ataullah | The Peninsula Qatar has achieved the indicators of Sustainable Development Goal (SDG) 6 on water and sanitation by ensuring the access to clean water and sanitation for all in the country, said Kahramaa chief. SDG 6 envisions “clean water and sanitation for all”. It is one of
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
