Prathamesh Devlekar, Author at EcoActive ESG

Prathamesh Devlekar

173 articles published

Incorporating ESG in Investment Strategies_ A Comprehensive Guide for Investors

BlogsAugust 22, 2024226Views 0Likes 0Comments

Understanding ESG Investing ESG Investing refers to the practice of incorporating Environmental, Social, and Governance (ESG) factors into investment decisions. ● Environmental factors assess how a company manages its impact on the environment, including its policies on carbon emissions, energy consumption, and waste management. ● Social factors evaluate a company's relationships with employees, suppliers, customers, and communities,…

Madeira battles wildfire for fifth day

NewsAugust 22, 2024153Views 0Likes 0Comments

Firefighters backed by 40 vehicles and a helicopter struggled to contain a wildfire on Monday on the southern coast of Portugal's island of Madeira that has burnt through more than 3,000 hectares (7,410 acres) of forest over the past five days. The blaze, which started on Wednesday in the rural area of Ribeira Brava, has…

Argentina Judge Halts Deforestation of Chaco Forest in Rare Move

NewsAugust 22, 2024140Views 0Likes 0Comments

An Argentine federal judge on Monday ordered a three-month suspension of deforestation in northern Chaco province, a rare step to protect one of the world's woodland ecosystems that is most rapidly being destroyed to make way for farmland. The unusual though not unprecedented move, announced officially, opens new tab on the public prosecutor's office website,…

New Survey Reveals Over 80% of U.S. Companies Building Net-Zero Programs Ahead of Legislation

NewsAugust 22, 2024140Views 0Likes 0Comments

EcoOnline’s latest survey reveals a significant shift in corporate America’s approach to climate action, with over 80% of companies proactively building net-zero programs—without waiting for legislation. This marks a departure from reactive compliance, showcasing a strong commitment to sustainability. Survey insights reveal that 73% of respondents see sustainability as a path to revenue growth, and…

U.S. Federal Court Strikes Down Missouri Anti-ESG Investing Rule

NewsAugust 22, 2024143Views 0Likes 0Comments

A U.S. federal court has issued a ruling blocking new regulations in Missouri aimed at limiting the ability of financial professionals to integrate ESG considerations into their investment advice, finding that the regulation was vague and unconstitutional. The regulation, initiated by Missouri Secretary of State Jay Ashcroft, and passed in 2023, required securities firms and…

$200 Million Boost for Zero-Emission School Buses in New York

NewsAugust 22, 2024164Views 0Likes 0Comments

Governor Kathy Hochul announced a significant $200 million increase in funding for zero-emission school buses, the second wave from New York’s historic $4.2 billion Environmental Bond Act. This new funding, available through the New York School Bus Incentive Program (NYSBIP), supports school districts and bus operators in purchasing electric buses, installing charging infrastructure, and planning…

World Bank Launches $225M Amazon Reforestation Bond, Mobilizing Global Investor Support for Carbon Removal and Biodiversity

NewsAugust 22, 2024151Views 0Likes 0Comments

The World Bank has priced its largest-ever outcome bond, a $225 million Amazon Reforestation-Linked Bond, designed to tie financial returns directly to the success of reforestation projects in the Amazon. Unlike traditional carbon credit bonds, this innovative bond links returns to the generation of Carbon Removal Units (CRUs) from the reforestation of Brazil’s Amazon rainforest,…

Standard Chartered Introduces ESG-Linked Cash Account

NewsAugust 22, 2024191Views 0Likes 0Comments

Standard Chartered has unveiled an innovative ESG-linked Cash Account, designed to reward corporate banking clients who achieve significant environmental, social, and governance (ESG) goals. This new offering ties credit balance interest rates and fee pricing directly to a client’s ESG performance, encouraging businesses to set and meet ambitious targets. The key performance indicators (KPIs) chosen…

ESAs Call for Enhanced Supervision and Improved Market Practice on Sustainability-Related Claims Press Releases Sustainable Finance

NewsAugust 22, 2024163Views 0Likes 0Comments

In their respective reports the ESAs reiterate the common high-level understanding of greenwashing as a practice whereby sustainability-related statements, declarations, actions, or communications do not clearly and fairly reflect the underlying sustainability profile of an entity, a financial product, or financial services. This practice may be misleading to consumers, investors, or other market participants. The…

Mining Sector Standard Published in More Languages

NewsAugust 22, 2024163Views 0Likes 0Comments

In line with GRI’s commitment to provide the global common language for sustainability reporting, seven translations of GRI 14: Mining Sector 2024 have been published. In addition to English, the Mining Standard can be freely downloaded in Simplified Chinese, French, German, Indonesian, Japanese, Portuguese and Spanish. Further translations – in Italian, Arabic and Traditional Chinese…

68% of Large U.S. Companies Now Have Dedicated Sustainability Reporting Budgets : EcoOnline Survey

NewsAugust 22, 2024220Views 0Likes 0Comments

Over two thirds of large companies in the U.S. have put in place dedicated budgets for sustainability reporting, and nearly all plan to increase spending on sustainability and compliance reporting, and would advance their sustainability efforts even in the absence of climate and sustainability regulations, viewing sustainability as a company value driver, according to a…

In Lula’s Brazil, Amazon Deforestation Rises for First Time in 15 Months

NewsAugust 13, 2024202Views 0Likes 0Comments

Deforestation in Brazil's Amazon rose in July, breaking a 15-month streak of falling destruction under President Luiz Inacio da Silva, preliminary government data showed on Wednesday, amid a strike by environmental workers. Roughly 666 sq km (257 sq miles) of jungle were cleared in July, 33% higher than the 500 square km for the same…