October 2024 - ESGWireNews

ThursdayOct 31, 2024 10:00 am

KPMG, ACCA to Offer Free Program Equipping Accountants with ESG Skills

ACCA and KPMG Singapore have launched an environmental, social, and governance (ESG) learning program focused on equipping both non-accountants and accountants with skills in ESG practices. The initiative addresses the need for improved ESG capabilities in the accountancy profession directly. It also diversifies the talent pipeline by welcoming individuals without traditional accounting backgrounds while also calling attention to the expanding role of accountants in leading business practices that are sustainable in different industries. KPMG Singapore Partner and Head of Audit, Alex Koh, stated that new talent needed to transform the accountancy workforce is attracted by prioritizing innovation, collaboration, and adaptability.…

TuesdayOct 29, 2024 10:00 am

MasterCard Widens the Priceless Planet Coalition, Targets Planting 100m Trees Globally

Last week, MasterCard in partnership with the World Resources Institute and Conservation International, extended the restoration portfolio of its Priceless Planet Coalition with 3 new sites. The coalition is an initiative founded by MasterCard whose goal is to unite a network of partners to restore millions of trees globally. The initiative, which has more than 150 financial and corporate partners, has 22 sites under its portfolio. These projects offer crucial investment in areas with potential for significant world impact and span across Latin America, North America, the Asia Pacific, the Middle East and Europe. This latest move marks a huge…

FridayOct 25, 2024 10:05 am

Attitudes Tracker Shows Rising Confidence in ESG Labels from the FCA

The AIC’s most recent ESG Attitudes Tracker has revealed that confidence in new FCA sustainability labels is rising. According to Research in Finance’s annual IFA Magazine survey, 64% or two-thirds of intermediaries believe that the sustainability labels will boost their trust in sustainability claims. The sentiment that the FCA’s new ESG labels will increase trust in corporate claims of sustainability was strongest among wealth managers (78%), followed by financial advisors at 55%. 63% of private investors reported that the presence of ESG labels increased their trust in sustainability claims, with 71% of private investors who already hold sustainable investments responding…

ThursdayOct 24, 2024 10:00 am

9 in 10 Firms Making Sustainable Building Products are Making Money, Research Finds

A new report shows that about nine in ten firms that manufacture building products generate a significant portion of their revenue from sustainable services and products. This is a remarkable management indicator, especially as the world increases its focus on the importance of eco-friendly and energy-efficient solutions in construction. Decisions made now about how buildings are constructed and maintained will determine this field’s energy consumption and emissions in the long-term. At the moment, buildings make up more than 30% of energy consumed globally, with the industry being pressured to meet net-zero targets as stipulated in the Paris Agreement. The report,…

MondayOct 21, 2024 10:00 am

Embracing Technology Can Help to Simplify Compliance with ESG Requirements

The European Union recently released its Corporate Sustainability Reporting Directive (CSRD), which is focused on promoting accountability and transparency in organizations. However, its implementation is being met with some challenges, with compliance with Environmental, Social and Governance (ESG) requirements already giving organizations issues. Some of the challenges of ESG compliance and CSRD reporting include maintenance of data granularity and accuracy, a time-consuming process that can strain the resources of many organizations. The current lack of consistent and clear guidance on CSRD reporting also leads to confusion and inconsistencies in reporting, which makes it hard to achieve comparability and uniformity across…

FridayOct 18, 2024 10:00 am

Big Oil Firms Thwarted in Their Effort to Have California Court Dismiss Greenwashing Suit

The Superior Court of San Franisco County recently issued a ruling on a motion filed by major oil producers, including BP, Shell and ExxonMobil. The motion was filed to suppress climate change-related suits filed by the state of California; the cities of Oakland, Imperial Beach, San Francisco, Richmond, and Santa Cruz; and the counties of Santa Cruz, Marin, and San Mateo. In their defense, the big oil firms claimed that the cases needed to be moved to a federal court because the California court lacked personal jurisdiction. They argued that the state exercising jurisdiction over the cases was unreasonable and…

WednesdayOct 16, 2024 10:00 am

Four Ways to Blend Effective ESG Strategies into Business Goals

Environmental, social and governance (ESG) investing principles have become increasingly popular over the last couple of years. Any organizations that seek to incorporate ESG standards into their business have to ensure that their ESG strategy aligns with their business objectives. Some may find it hard to balance the two without conflicts arising. To help, we discuss ways to blend the two together below. Move timelines ESG requires long-term dedication for impactful results to be achieved. This is different from the short-term nature of commercial objectives, which include increasing profits on a quarterly or annual basis. To remedy this, leaders may…

MondayOct 14, 2024 10:00 am

ESG Progress Assessments Need to Focus More on Quality Than Quantity

Currently, roughly 6% of all managed funds in Canada are termed as environmental, social and governance (ESG). In Europe, about 48% of assets under management are classified as sustainable funds, which is a labeling system almost completely similar to ESG. This disparity seems huge, but Baillie Gifford head of ESG, Catherine Flockhart, believes the quantity of funds and assets is only a fragment of the bigger picture. Flockhart explains that while Europe leads in the space when it comes to quantity, the level of sophistication exhibited by institutions in Canada, particularly when it comes to ESG strategy adoption, takes the…

FridayOct 11, 2024 11:15 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Dedicated to Exploration of Copper as ‘Commodity for the Future’

Copper is projected to become even more important as the transition away from fossil fuels and toward renewable energy gains steam. Benefits of investing in copper include price appreciation, portfolio diversification and inflation hedging. Aston Bay is focused on exploring for high-grade critical and precious metal deposits in both Canada and the United States. Precious metals have long been investments worth considering, and as renewable energy becomes increasingly important in today’s world, metals connected to that sector will become more essential as well. Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBDF), a publicly traded mineral exploration company exploring for high-grade critical and…

FridayOct 11, 2024 10:00 am

PwC Report Underscores Need for More Comprehensive ESG Guidelines

A survey recently conducted by PwC has found that less than 50% of American corporate boards include environmental, social and governance (ESG) investing principles in their agendas. This drop in ESG as an investing framework has been linked to ambiguity, with less than 10% of board members surveyed believing that sustainability and ESG mean the same thing. PwC surveyed 520 directors of public companies based in the United States. The survey indicated that 69% of the directors were board members of companies with more than $1 billion in revenue, with 58% of them having been board members for five years…

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Month: October 2024