Tag #Sustainable Finance

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nrc.nl

🌐 85% Global Worthiness

Mar 31, 07:15

Milieudefensie Sues ING Over Fossil Fuel Investments

Milieudefensie sued ING, demanding it halt investments in new fossil fuel projects, halve its emissions by 2030, and mandate transition plans from all clients, highlighting the bank's significant role in global emissions.

Milieudefensie Sues ING Over Fossil Fuel Investments

Milieudefensie sued ING, demanding it halt investments in new fossil fuel projects, halve its emissions by 2030, and mandate transition plans from all clients, highlighting the bank's significant role in global emissions.

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What are the immediate implications of Milieudefensie's lawsuit against ING for the bank's fossil fuel investments and climate commitments?

Milieudefensie is suing ING, demanding the bank cease investments in new fossil fuel projects, halve its emissions by 2030, and require transition plans from all its clients. This action highlights the urgency of climate change and the financial sector's role in it.

elpais.com

🌐 85% Global Worthiness

Mar 12, 04:11

Innovative Insurance Plan Addresses Devastating Colombian Wildfires

In response to devastating wildfires in Colombia's páramos, the Strata consulting firm has developed an innovative insurance plan, supported by the Global Innovation Lab for Climate Finance, to provide rapid funding for fire suppression and ecosystem restoration, directly benefitting affected commun...

Innovative Insurance Plan Addresses Devastating Colombian Wildfires

In response to devastating wildfires in Colombia's páramos, the Strata consulting firm has developed an innovative insurance plan, supported by the Global Innovation Lab for Climate Finance, to provide rapid funding for fire suppression and ecosystem restoration, directly benefitting affected commun...

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What is the immediate impact of the slow response to wildfires in Colombian páramos, and how does this affect biodiversity and local economies?

More than 340 wildfires ravaged 17,000 hectares of páramos in Colombia during the first months of 2024, and this year started with another blaze in Boyacá, affecting over 1,000 hectares including the critically endangered espeletia tibamoensis. The slow governmental response highlights the vulnerability of small municipalities lacking resources to combat such fires.",

theglobeandmail.com

🌐 85% Global Worthiness

Mar 6, 22:12

National Bank commits $20B to renewable energy despite U.S. pullback

National Bank NA-T aims for $20 billion in renewable energy lending commitments by 2030, exceeding other Canadian banks and defying U.S. policy shifts, representing nearly $10 billion in new lending and reflecting a tripling of its renewable funding since 2019.

National Bank commits $20B to renewable energy despite U.S. pullback

National Bank NA-T aims for $20 billion in renewable energy lending commitments by 2030, exceeding other Canadian banks and defying U.S. policy shifts, representing nearly $10 billion in new lending and reflecting a tripling of its renewable funding since 2019.

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Affordable and Clean Energy

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How does National Bank's renewable energy lending commitment compare to other Canadian banks, and what factors contribute to its ambition?

National Bank's commitment surpasses other Canadian banks in specificity, focusing solely on renewable energy. This contrasts with vague 'sustainable finance' pledges and exceeds RBC's $15 billion target despite National Bank's smaller size. The commitment comes as the U.S. government scales back clean energy funding, highlighting National Bank's counter-trend action.

theguardian.com

🌐 85% Global Worthiness

Mar 1, 22:09

JP Morgan's 'Sustainable' Funds Invest £200m in Glencore Amid Environmental Concerns

JP Morgan's sustainable funds, exceeding £200 million, invest in Glencore, a mining giant facing scrutiny for environmental violations at its South African coal mines, according to an investigation by the Bureau of Investigative Journalism, Voxeurop, and the Daily Maverick.

JP Morgan's 'Sustainable' Funds Invest £200m in Glencore Amid Environmental Concerns

JP Morgan's sustainable funds, exceeding £200 million, invest in Glencore, a mining giant facing scrutiny for environmental violations at its South African coal mines, according to an investigation by the Bureau of Investigative Journalism, Voxeurop, and the Daily Maverick.

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Clean Water and Sanitation

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What are the immediate implications of JP Morgan's sustainable funds investing in Glencore, given Glencore's documented environmental violations in South Africa?

JP Morgan's sustainable funds, totaling over £200 million, hold investments in Glencore, a mining company facing criticism for environmental violations in South Africa. This raises concerns about the transparency and effectiveness of ESG investing criteria. The situation highlights a conflict between the marketing of 'sustainable' investments and the actual environmental practices of the companies involved.

elmundo.es

🌐 85% Global Worthiness

Feb 23, 13:09

Texas Court Ruling Fuels Decline in ESG Investing

A Texas court ruled against the world's largest investment firm for prioritizing ESG factors over profit maximization in managing employee pensions, highlighting a broader decline in ESG investing due to saturation, disappointing returns, and regulatory uncertainty, potentially creating opportunitie...

Texas Court Ruling Fuels Decline in ESG Investing

A Texas court ruled against the world's largest investment firm for prioritizing ESG factors over profit maximization in managing employee pensions, highlighting a broader decline in ESG investing due to saturation, disappointing returns, and regulatory uncertainty, potentially creating opportunitie...

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What are the key contributing factors behind the declining popularity of ESG investing, and how do these factors interact?

The decline in ESG investing is driven by factors including investor saturation, disappointing returns in 2022, and uncertainty surrounding potential regulatory changes under the Trump administration. This shift mirrors historical patterns of moral shifts influencing investment choices, as seen in previous boycotts of tobacco or alcohol.",

lemonde.fr

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Jan 23, 13:09

French Banks Expand SRI Options in Retirement Savings Plans

French banks are offering more Socially Responsible Investment (SRI) options within retirement savings plans (PER), such as BoursoBank's and Placement-direct's offerings, which have shown strong performance, although legal requirements for individual PERs lag behind those for life insurance.

French Banks Expand SRI Options in Retirement Savings Plans

French banks are offering more Socially Responsible Investment (SRI) options within retirement savings plans (PER), such as BoursoBank's and Placement-direct's offerings, which have shown strong performance, although legal requirements for individual PERs lag behind those for life insurance.

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Reduced Inequality

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What regulatory changes, if any, are needed to encourage wider adoption of SRI funds within individual PER plans in France?

While SRI options are gaining traction, their availability in individual PERs remains optional unlike collective PERs. The absence of a legal obligation to offer SRI, green, and solidarity funds within individual PER plans could hinder broader adoption of responsible investing in the French retirement savings market. This contrasts with the requirements for life insurance policies under the 2019 Pacte Law.

euronews.com

🌐 75% Global Worthiness

Mar 31, 19:14

Gothenburg Fined for Missing Green Loan Targets

Gothenburg, Sweden's second-largest city, was fined €9,000 for partially missing renewable energy targets under its sustainability-linked loan (SLL), but this was offset by discounts earned for other sustainability goals; the city aims for carbon neutrality by 2030.

Gothenburg Fined for Missing Green Loan Targets

Gothenburg, Sweden's second-largest city, was fined €9,000 for partially missing renewable energy targets under its sustainability-linked loan (SLL), but this was offset by discounts earned for other sustainability goals; the city aims for carbon neutrality by 2030.

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How did the high cost of renewable electricity affect Gothenburg's progress towards its renewable energy targets, and what adjustments are planned?

Gothenburg's SLL incentivizes sustainable practices by financially rewarding progress and penalizing shortfalls. While missing a renewable energy target incurred a fine, the overall system demonstrates the city's commitment to transparency and accountability in its sustainability efforts. This approach links financial incentives to measurable environmental and social goals.

lefigaro.fr

🌐 75% Global Worthiness

Mar 9, 22:09

France Debates Defense Investments in Sustainable Savings Amidst European Rearmament"

French Finance Minister Amélie de Montchalin has highlighted a debate on whether to allow defense industry investments in sustainable savings products, amid Europe's rearmament efforts; a meeting is scheduled for March 20th to discuss defense financing, with public opinion largely supporting increas...

France Debates Defense Investments in Sustainable Savings Amidst European Rearmament"

French Finance Minister Amélie de Montchalin has highlighted a debate on whether to allow defense industry investments in sustainable savings products, amid Europe's rearmament efforts; a meeting is scheduled for March 20th to discuss defense financing, with public opinion largely supporting increas...

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Decent Work and Economic Growth

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What are the immediate implications of the debate surrounding the inclusion of defense industry investments in sustainable savings products in France?

France is debating whether to allow investments in the defense industry to be included in sustainable savings products, creating a conflict between European rearmament goals and ESG principles. Ministers will meet with bankers and insurers on March 20th to discuss defense financing. Public opinion supports increased defense spending, with 68% approving a budget increase and 50% supporting longer working hours to fund it.",

lemonde.fr

🌐 75% Global Worthiness

Mar 4, 10:13

France's Reformed ISR Label Shows Positive Environmental Impact

A recent Epsor study shows that France's reformed Socially Responsible Investment (ISR) label, effective March 1st, 2024, has led to a 10% reduction in the carbon footprint of labeled funds in 2024, and a significant divestment from fossil fuel companies; only 27 of 197 analyzed funds maintain links...

France's Reformed ISR Label Shows Positive Environmental Impact

A recent Epsor study shows that France's reformed Socially Responsible Investment (ISR) label, effective March 1st, 2024, has led to a 10% reduction in the carbon footprint of labeled funds in 2024, and a significant divestment from fossil fuel companies; only 27 of 197 analyzed funds maintain links...

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How has the recent reform of the ISR label affected investment in fossil fuel companies, and what specific changes are observed?

The reform aimed to make the ISR label more environmentally friendly by excluding companies heavily involved in polluting activities. Analysis of 197 ISR investments shows that only 27 remain linked to fossil fuel companies, and just 14% are invested in unconventional fossil fuel sources. This demonstrates a substantial shift toward more sustainable investments.

forbes.com

🌐 85% Global Worthiness

Feb 28, 13:11

23% of Article 8 Funds Risk Greenwashing: MainStreet Report

MainStreet Partners' report finds 23% of Article 8 funds risk greenwashing, with 13% failing regulatory assessments, highlighting the gap between stated ESG goals and practice, impacting investor trust and market integrity; the report analyzes over 9,500 investment strategies across Europe and the U...

23% of Article 8 Funds Risk Greenwashing: MainStreet Report

MainStreet Partners' report finds 23% of Article 8 funds risk greenwashing, with 13% failing regulatory assessments, highlighting the gap between stated ESG goals and practice, impacting investor trust and market integrity; the report analyzes over 9,500 investment strategies across Europe and the U...

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Responsible Consumption and Production

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How does the increasing complexity of ESG regulations impact asset managers' compliance and participation in sustainability initiatives?

The report analyzes over 9,500 investment strategies, revealing a downward trend in asset manager ratings and withdrawals from key sustainability initiatives. Increased regulatory complexity, particularly concerning fund naming, contributes to this issue, creating challenges for market adaptation and transparency.

nrc.nl

🌐 85% Global Worthiness

Feb 6, 04:09

ING Faces Lawsuit Over Allegedly Misrepresented Fossil Fuel Financing

Milieudefensie, citing a SOMO report, alleges ING's financing of new oil and gas fields is significantly higher than reported, reaching \$26.4 billion versus ING's claimed \$2.5 billion, leading to an impending lawsuit.

ING Faces Lawsuit Over Allegedly Misrepresented Fossil Fuel Financing

Milieudefensie, citing a SOMO report, alleges ING's financing of new oil and gas fields is significantly higher than reported, reaching \$26.4 billion versus ING's claimed \$2.5 billion, leading to an impending lawsuit.

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What is the key discrepancy between ING's reported fossil fuel financing and SOMO's findings, and what are the immediate implications?

Milieudefensie claims ING's financing of expanding oil companies is far greater than the bank admits, increasing despite its Paris Agreement commitment. SOMO's report, supporting this claim, shows financing of new oil fields at \$26.4 billion, exceeding ING's reported \$2.5 billion.

theglobeandmail.com

🌐 90% Global Worthiness

Jan 22, 07:07

Mercuria-Backed $1.5 Billion Initiative to Protect the Amazon

Backed by Mercuria, a $1.5 billion initiative called "Race to Belém" will sell carbon credits to protect the Amazon rainforest, working with Brazilian states, farmers, and local communities to prevent deforestation, starting immediately and expanding over 3-5 years.

Mercuria-Backed $1.5 Billion Initiative to Protect the Amazon

Backed by Mercuria, a $1.5 billion initiative called "Race to Belém" will sell carbon credits to protect the Amazon rainforest, working with Brazilian states, farmers, and local communities to prevent deforestation, starting immediately and expanding over 3-5 years.

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What is the immediate impact of the "Race to Belém" initiative on Amazon deforestation and global carbon emissions?

A $1.5 billion initiative, "Race to Belém," aims to protect the Amazon rainforest by selling carbon credits tied to its preservation. Backed by Mercuria and involving Conservation International and The Nature Conservancy, the project will work with Brazilian states, farmers, and local communities to prevent deforestation.

Showing 13 to 24 of 31 results