July 10, 2023 A coalition of investment and sustainable investing groups – including Eurosif, PRI, IIGCC, EFAMA, UNEP FI – alongside more than 90 asset managers announced the publication of a joint statement calling on the European Commission to reconsider its recent proposed changes to the European Sustainability Reporting Standards (ESRS), which would ease several aspects…

July 10, 2023 Public and large private companies in Singapore will be required to provide climate-related disclosures aligned with the IFRS’ newly published ISSB disclosure standards, according to a proposal by Singapore’s business reporting, accounting and corporate services and markets regulators Accounting and Corporate Regulatory Authority (ACRA) and Singapore Exchange Regulation (SGX RegCo). The plan for mandatory…

July 5, 2023 This USGS research marks the first time anyone has tested for and compared PFAS in tap water from both private and government-regulated public water supplies on a broad scale throughout the country. Those data were used to model and estimate PFAS contamination nationwide. This USGS study can help members of the public to…

June 20, 2023 SA-H2 is an innovative blended finance fund, that will facilitate and accelerate the development of a green hydrogen sector and circular economy in South Africa The fund will give private sector developers access to risk capital from an early stage of development, throughout construction and into operations “Succeeding in a…

June 20, 2023 EIB continues to lead innovation in capital markets with a digital native green bond issuance denominated in Swedish krona. The SEK 1 billion digital green bond has a maturity of 2 years and bears a 3.638% fixed rate coupon, with Crédit Agricole CIB and SEB as joint lead managers. The…

June 19, 2023 The Financial Reporting Council (FRC) has today published a research report about Audit Committee Chairs’ views on, and approach to Environmental, Social and Corporate Governance (ESG) activities and reporting. The report, commissioned by the FRC and conducted by independent research agency YouGov, involved qualitative interviews with 40 ACCs of Public Interest Entities (PIEs), representing…

June 15, 2023 The Royal Bank of Canada estimates that building a net-zero economy could create up to 400,000 new jobs in Canada by the end of this decade alone. As of last fall, Canadian employers were trying to fill more than one million job vacancies. A significant number of those vacancies (243,400) were in the professional,…

June 13, 2023 In a move to bolster the EU sustainable finance framework, the European Commission has unveiled a comprehensive package of measures. The proposed package aims to capitalize on the opportunities presented by the transition to a climate-neutral and sustainable economy by 2050 while addressing the challenges faced by companies and investors in complying with…

June 12, 2023 The European Commission on Friday released a series of proposed changes to the European Sustainability Reporting Standards (ESRS), the rules and requirements for companies to report on sustainability-related impacts, opportunities and risks under the EU’s upcoming Corporate Sustainable Reporting Directive (CSRD). The Commission’s proposals were released as a draft Delegated Act, along…

June 11, 2023 Tima Bansal is a professor and Diane-Laure Arjaliès an associate professor at Ivey Business School Action to block asset managers’ use of “green” filters in a growing number of US states reflects an escalating political backlash against mission-driven investment, with great relevance to students of business. According to deal data provider PitchBook,…

June 9, 2023 The European Union’s Modernisation Fund has disbursed €2.4 billion to 31 projects in seven beneficiary countries to help modernise their energy systems, reduce greenhouse gas emissions in energy, industry and transport, and improve energy efficiency. It is the joint largest disbursement to date and will provide a boost to Europe’s green transition.…

June 9, 2023 Uruguay’s state oil company Ancap announced on Thursday a feasibility study for a new $4 billion green hydrogen project, part of a broader government plan to produce low-cost renewable energy. “Here in Uruguay, and here in Paysandu, we are going to benefit from this investment,” President Luis Lacalle Pou told reporters in…