Hurricane Beryl, the first hurricane of the 2024 Atlantic season, made a catastrophic impact on the Caribbean, marking an unprecedented start to the season. The storm, which reached Category 5 status with winds up to 160 mph, left a trail of destruction in its wake, severely affecting countries throughout the
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
Adapting to New ESG Reporting Requirements Companies worldwide are striving to meet net-zero and other sustainability goals amidst a rapidly changing regulatory environment. Key regulations include the EU’s Corporate Sustainability Reporting Directive (CSRD), the US SEC’s Climate-Related Disclosures (CRDs), and standards from the International Sustainability Standards Board (ISSB). Key Regulatory
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: Amazon has taken a significant step by sidestepping a global standard for verifying carbon offsets, opting to back a new standard called ‘Abacus.’ This move aims to address the lack of quality-labeled offsets and help Amazon meet its 2040 net-zero emissions target. Critics, however, fear this could
The Caribbean Community advises that, as a result Hurricane Beryl’s impending passage through the Region, the 47th Regular Meeting of CARICOM Heads of Government, scheduled for Grenada from 3-5 July, has been postponed to a date to be determined. The primary focus of the Community is now on citizen safety and
Key Impact Points: Law Firms Intensify Climate Efforts As global temperatures rise, major law firms are ramping up their efforts to combat climate change. A growing number of firms are now integrating climate resilience into their core strategies, providing legal solutions to support sustainable practices and mitigate environmental impacts. Innovative
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
