Prathamesh Devlekar, Author at EcoActive ESG

Prathamesh Devlekar

173 articles published

UK Temperature Hits 2024 High, Met Office Says

NewsAugust 13, 2024153Views 0Likes 0Comments

Temperatures in Britain hit their highest this year on Monday, reaching 34.8 degrees Celsius (94.64 Fahrenheit) in Cambridge, the Met Office said. Temperatures rose above the year's previous high of 32 C reach on July 30, but remain well below Britain's highest recorded temperature of 40.3 C in 2022. Monday's temperature is the highest recorded…

More Than 47,000 People Died in Europe Last Year Due to Heat, Report Says

NewsAugust 13, 2024144Views 0Likes 0Comments

More than 47,000 people died in Europe due to scorching temperatures in 2023, with countries in the region's south hit the hardest, according to a report by the Barcelona Institute for Global Health (ISGlobal) published on Monday. Last year was the world's hottest on record. As climate change continues to increase temperatures, Europeans live in…

Risk Factors Influence Link Between Natural Resources and Carbon Emissions: Study by Nature

NewsAugust 13, 2024137Views 0Likes 0Comments

The management of natural resources is crucial for reducing carbon emissions. This study investigates how economic, financial, and political risks influence the relationship between natural resources rents and carbon emissions, using data from 66 countries and employing methods like quantile regression and dynamic threshold regression. Findings Consistent Emissions Increase: Natural resources rents tend to increase carbon…

Norges Bank Investment Management Urges Alignment of Japan’s Sustainability Disclosure Standards with Global ISSB Guidelines

NewsAugust 13, 2024171Views 0Likes 0Comments

Norges Bank Investment Management (NBIM), the investment arm of the Norwegian Central Bank, has submitted a letter to the Sustainability Standards Board of Japan (SSBJ) advocating for enhanced alignment between Japan’s sustainability disclosure standards and the global framework established by the International Sustainability Standards Board (ISSB). The letter, dated July 31, 2024, emphasizes the critical…

Companies Advance ESG Strategies Despite Data Quality Challenges: Deloitte Report

NewsAugust 13, 2024152Views 0Likes 0Comments

Despite data quality issues, a significant number of companies are integrating sustainability into their strategies. According to Deloitte’s 2024 “Sustainability Action Report,” over 75% of executives have seen progress in their sustainability goals. “Sustainability reporting and transparency can drive trust with stakeholders and is now subject to assurance and regulatory scrutiny in many jurisdictions,” says…

Climate Impact Partners Launches Program to Scale Innovative Carbon Removal Technologies

NewsAugust 13, 2024147Views 0Likes 0Comments

Climate Impact Partners has launched a groundbreaking program to scale novel carbon dioxide removal (CDR) technologies, enabling companies from SMEs to multinationals to finance innovative solutions and meet global climate targets. By 2050, 10 billion tons of CO2 need to be removed annually from the atmosphere to meet net zero goals. This program targets this…

Great Barrier Reef Facing Catastrophic Damage as Oceans Reach Hottest Temperatures in 400 Years, Scientists Warn

NewsAugust 13, 2024160Views 0Likes 0Comments

The Great Barrier Reef, one of Earth’s most iconic natural wonders, is facing unprecedented threats due to rising ocean temperatures, according to new research published in Nature. The study, led by Dr. Benjamin Henley from the University of Wollongong (UOW) and the University of Melbourne, provides alarming evidence of the severe impact of human-caused climate…

SEC Defends its Climate Disclosure Rule in Court

NewsAugust 13, 2024162Views 0Likes 0Comments

The U.S. Securities and Exchange Commission launched a defense in court of its new climate reporting rule, arguing that the proposed disclosures in the rule provide “information directly relevant to the value of investments,” and that it is within the Commission’s authority to mandate climate risk disclosures. In a brief filed this week with the…

UK Sets Sights on Regulating ESG Ratings to Lead in Sustainable Finance

NewsAugust 13, 2024154Views 0Likes 0Comments

The UK government is set to propose a law in 2025 aimed at regulating providers of Environmental, Social, and Governance (ESG) ratings, a move that could reshape the landscape of sustainable finance. This initiative, led by Finance Minister Rachel Reeves, seeks to address the growing concerns over the transparency and reliability of ESG ratings, which…

Understanding the Key Features of Effective ESG Reporting Tools

BlogsAugust 8, 2024215Views 0Likes 0Comments

The importance of ESG (Environmental, Social, and Governance) reporting has surged in recent years. Companies are increasingly held accountable for their impact on the environment, society, and their own governance practices. Stakeholders, including investors, customers, and regulatory bodies, demand transparency and accountability, making robust ESG reporting indispensable. ESG reporting tools are specialized software and platforms designed…

British Columbia on Flood Alert Along River Blocked by Landslide

NewsAugust 7, 2024182Views 0Likes 0Comments

British Columbia is on alert for flooding along the banks of the Chilcotin River after a landslide created a large natural dam and triggered evacuation orders in the remote region in Canada's Pacific coast province, authorities. B.C.'s Minister of Emergency Management Bowinn Ma in an update said that in the worst case scenario, flows in…

Bolivia Battles Record Wildfires, with Worst Likely Ahead

NewsAugust 7, 2024198Views 0Likes 0Comments

Bolivia is grappling with a record number of fires in the first seven months of the year, satellite data showed, as the flames send villagers fleeing, kill wildlife and char the landscape. Diesel shortages across the country are further complicating firefighting efforts by making it more difficult to reach remote areas and tackle the blazes,…