Key Impact Points: A new report by Andrea Castoldi, Giovanni Lucini, Bruno Micale, Amine Benayad, and Matteo Coppola from the Boston Consulting Group (BCG) highlights the urgent need for banks to address physical climate risks. The white paper, titled “How Banks Can Transform Physical Climate Risk into an Opportunity,” provides
Key Impact Points: The red carpet is being rolled up for ESG (Environmental, Social, Governance) on Wall Street. Institutional Investor (II) has replaced the term “ESG” with “sustainability” in its annual analyst rankings, reflecting a broader trend amid the increasingly politicized debate over climate change and corporate diversity in the
Key Impact Points: Investment Overview The Asian Infrastructure Investment Bank (AIIB) has committed $75 million to support the issuance of green and blue bonds by Southeast Asia Commercial Joint Stock Bank (SeABank), setting a precedent with Vietnam’s first blue bond and AIIB’s inaugural investment in such an instrument. This strategic
Key Impact Points: Introduction to GIX’s Mission The Green Impact Exchange (GIX) has taken a significant stride towards innovation in financial markets with its recent SEC application to become the inaugural U.S. stock exchange dedicated exclusively to the burgeoning global green economy. “Achieving the UN SDGs around climate will reduce
Key Impact Points: Underreporting ESG Efforts A new report reveals that 58% of the 100 largest public and private U.S. companies are greenhushing their ESG (Environmental, Social, Governance) progress. These companies avoid promoting their sustainability achievements to sidestep accusations of greenwashing, thereby missing out on investment opportunities and consumer trust.
Key Impact Points: Kazakhstan’s climate finance strategy reveals a stark funding disparity between mitigation and adaptation efforts. Mitigation projects, especially in energy and transportation, receive over 17 times more funding than adaptation initiatives. This trend highlights the need for a more balanced approach to climate finance. Key Statistics From 2019
Key Impact Points: The “Investing in the Green Economy 2024” report, authored by Lily Dai, Lee Clements, Alan Meng, Beth Schuck, and Jaakko Kooroshy of the LSEG Sustainable Investment Research team, provides a comprehensive analysis of the global green economy. The report highlights the growth, challenges, and opportunities within the
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
