June 2024 - ESGWireNews

FridayJun 28, 2024 10:00 am

Google, Deloitte Launch Report to Push for Climate Action

Google, in partnership with consulting firm Deloitte, has launched its Digital Sprinters sustainability report. Google has been committed to using technology to fight climate change, having done so for 30 years. The multinational corporation and technology company recognizes the huge potential of digital technology to advance meaningful action. The recent report examines how digital technologies such as the Internet of Things (IoT) and artificial intelligence (AI) can enable climate resilience and accelerate decarbonization across various high emitting sectors, especially in developing and emerging markets. The report also provides recommendations to drive digital transformation for climate action and calls attention to…

WednesdayJun 26, 2024 10:00 am

New ESG Rules Spark Debate in Europe

In May, the European Securities and Markets Authority announced new regulations to address confusion and contradictions on sustainable investing. This move calls attention to the debate over whether stocks from fossil-fuel companies should be included in environmental, social and governance (ESG) funds. It also tightens regulations on sustainable investing and puts more than one-half of ESG funds in Europe on notice, prompting some fuds to change their names to accurately reflect their holdings or sell off billions in assets. The new rules create a framework for asset managers to use when naming their investment funds, which each term used being…

TuesdayJun 25, 2024 10:30 am

Energy and Water Development Corp. (EAWD) is Committed to Providing Wider Access to Much Needed Clean Water Through its Innovative Technology

Energy and Water Development, a green-tech engineering solutions company focused on delivering water and energy to extreme environments, is looking to make clean water accessible with its patent-pending, innovative solution The company’s Atmosphere Water Generation (“AWD”) uses ultra-efficient refrigeration technology for condensation of air, providing an unlimited water resource directly from the atmosphere With multiple coordinated units, the technology can produce up to 2.6 million gallons of water a day for industrial, residential, and commercial use EAWD’s management is confident that, through this innovative solution, it could provide millions of liters of fresh, clean water every day while preventing the…

MondayJun 24, 2024 10:00 am

How AI Can Take ESG Reporting to Next Level

Companies are facing more pressure to produce accurate and comprehensive environmental, social and governance (ESG) reports as new directives are introduced and regulatory oversight increases. This has led to some issues, with some companies having to deal with data unavailability and ensuring the consistency and accuracy of their reports. To help with this, some companies have embraced the use of artificial intelligence, as it improves the efficiency, precision and comprehensiveness of their reporting practices. How else can artificial intelligence be used to transform ESG reporting? Making data collection and analysis more effective The huge volume of data to be managed…

FridayJun 21, 2024 12:00 pm

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Update on Major Holdings, Operations Amid Rising Demand for Gold and Copper

The company has released a fact sheet outlining progress on its high-grade copper and gold deposits in the state of Virginia and in Nunavut, Canada U.S Global Investors reports that gold and copper are “pivotal players” in the global financial market With rising demand as the backdrop, the progress that Aston Bay is reporting at its Canadian and U.S. projects is particularly promising With gold and copper trending upward, Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company, is strengthening its position in both sectors. The company recently released a fact sheet (https://ibn.fm/IKzqR), titled “Discovering High-Grade…

FridayJun 21, 2024 10:00 am

EU Council Approves New Rules Combating Greenwashing in Services, Products

Earlier this week, the European Council announced that it had made its decision on proposals focused on protecting consumers from greenwashing. In its agreement, the council set the requirements for companies to prove and verify labels and claims on the environmental attributes of their services and products. The decision also reflects the council’s position on the Green Claims Directive, which was introduced by the European Commission last year. The directive’s aim was to address the need for verifiable and reliable information for consumers. This comes after recent research determined that over one-half of green claims by companies in the European…

MondayJun 17, 2024 10:00 am

California Sues Oil Firms for Greenwashing Operations

Earlier this week, the attorney general of California announced that the state would continue suing some large oil companies that had illegally obtained their profits. AG Rob Bonta explained that this was part of a suit which claimed that the companies had falsely advertised their products’ environmental sustainability attributes. The lawsuit, which was recently amended, was first launched in September last year against Shell, Exxon Mobil, BP, ConocoPhillips and Chevron. In the initial suit, the plaintiffs claimed that the companies had for decades conducted campaigns focused on establishing doubt and deceiving the general population on the impact that fossil fuels…

FridayJun 14, 2024 12:35 pm

ESG Spending Vital in Supporting Business Resilience

In the past year, we have seen economic challenges prompt some businesses to bring their environmental, social and governance (“ESG”) goals to a halt. These short-term moves will prevent long-term growth, which goes against the objective of most businesses of finding a credible and realistic path that can deliver growth. Experts believe that incorporating ESG into a company and making it the business’ focus allows businesses to be more accountable and socially responsible. By incorporating ESG into the core of a business’ commercial strategy, businesses can build commercial resilience and value while meeting the impact challenge. So, how else can…

WednesdayJun 12, 2024 2:27 pm

EU Funds Under Pressure to Dump American Stocks Due to New ESG Rules

Last month, the European Securities and Markets Authority stated that environmental, social and governance (“ESG”) investment funds would need to have no less than 80% of assets under management engaged in activities associated with ESG objectives. The new rules also prevent the funds from investing in assets such as large producers of oil and gas. A recent analysis determined that these new rules could greatly impact the United States, particularly on stock market value. The analysis conducted by Morningstar estimates that more than 40% of possible stock divestments that shall be caused by the new rule will affect the United…

WednesdayJun 12, 2024 9:45 am

Energy and Water Development Corp. (EAWD) Offering Realistic Hope for Clean Water Accessibility Globally

Energy and Water Development Corp., a green-tech engineering solutions company focused on delivering water and energy to extreme environments, is aware of the growing impact of climate change and pollution on clean water access As of 2022, at least 2.2 billion people in the world still lacked safely managed drinking water, according to a report by the UN It is further projected that by 2030, only 81% of the world’s population will have access to safe drinking water at home, meaning 1.5 billion people without it EAWD looks to address this through its offering, which has shown the potential to…

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Month: June 2024