Alex Pearon, Author at ESGWireNews

FridayJan 03, 2025 10:00 am

Hyundai Launches Hydrogen Buses to Provide Green Transport in Abu Dhabi

More countries are working to phase out the use of fossil fuels in favor of cleaner technologies, as we work to collectively reduce global emissions. This has seen car manufacturers tap into their creativity to develop innovative technologies, like hydrogen fuel cells. Hydrogen fuel cell vehicles produce zero emissions as they only emit heat and water vapor from the tailpipe. The use of hydrogen also helps conserve petroleum and eliminates worry of hydrogen’s depletion, given its abundant supply. Hydrogen fuel-cell vehicles are considered safe, especially since their high-pressure tanks have been designed to survive crashes of any kind without breaching…

ThursdayJan 02, 2025 10:00 am

China Launches First Sustainability Disclosure Standards for Corporations

Earlier this month, the Ministry of Finance in China in collaboration with nine other departments rolled out basic sustainability disclosure standards. The objective of these standards is to standardize ESG disclosures countrywide, balancing international ESG integration with local priorities like rural development and climate change. The East Asian nation had released a draft earlier in May and incorporated feedback as it works to finalize the standards. Unlike the draft, the final standards concentrate on creditors and investors, improving market-driven accountability. They also align with policies requiring large firms to disclose ESG metrics as from 2026. In addition to this, they…

FridayDec 27, 2024 10:00 am

Businesses are Embracing ESG Beyond Compliance Requirements

Over the last couple of years, ESG requirements have moved from being an elective to compulsory for most businesses globally. With the demand for proper reporting growing as more stakeholders ask for greater transparency, there is a need for businesses to embrace ESG beyond compliance requirements, especially in a world that’s becoming increasingly concerned with the impacts our actions have on the individuals and environment around us. ESG can help businesses achieve growth while also adding value in the long run. Studies have shown that the global shift towards a low-carbon, sustainable economy has a forecasted value of $40 trillion.…

ThursdayDec 26, 2024 10:00 am

Tech and People Are Equally Vital in Collecting ESG Data

Regulatory frameworks like the International Sustainability Standards Board, Climate Disclosure Project, Carbon Border Adjustment Mechanism, Corporate Sustainability Reporting Directive, European Sustainability Reporting Standards, and Science-Based Targets are driving collection of ESG data for companies globally. Given the vast amounts of data that needs to be gathered and compiled, there is need for technology that can help meet timelines efficiently. This has seen the software industry develop advanced tools to help in ESG data collection efforts. Offerings like GenAI have the potential to transform the gathering of data, as reporting requirements become more complicated and taxing. Plug-in tools that simplify tasks…

FridayDec 20, 2024 10:00 am

Research Delves into Why ESG Reporting Software is Becoming Popular

The use of specialized software solutions to streamline ESG reporting among companies is increasing. This comes as ESG reporting continues to grow into a popular business practice, providing firms a powerful tool to show their commitment to responsible governance and sustainability. The reporting software automates the collection of data from different sources across an organization, decreasing the effort and time needed for manual collection. It also validates and compiles the information into centralized databases, allowing firms to compare performance against benchmarks, analyze trends, and find areas of improvement. This is in addition to facilitating the production of standardized reports aligned…

ThursdayDec 19, 2024 10:00 am

KPMG Survey Shows Top Corporations are Normalizing ESG Reporting

A recent survey has determined that 95% of the largest corporations globally are reporting their carbon targets, a great increase from the 80% recorded in 2022. The survey, conducted by KPMG every two years, evaluates the G25P and N100 business groups. N100 represents 5,800 businesses composed of the 100 biggest firms from 58 countries surveyed. On the other hand, the G250 represents the top 250 firms globally based on revenue. According to KPMG, setting carbon targets and reporting on ESG issues has become routine for leading organizations. The survey also found that 56% of these organizations have sustainability leaders, an…

TuesdayDec 17, 2024 10:00 am

Study Highlights the Need for Investors to Ensure Their Portfolios Reflect Their ESG Values

A new study has shed light on the huge differences between how stock mutual funds operate and what they claim to do when it comes to matters concerning ESG. The study was carried out by assistant professors of finance Simona Abis and Andrea Buffa at the Leeds School of Business, in partnership with Columbia University PhD candidate, Meha Sadasivam. Their objective was to categorize ESG funds more accurately by conducting an analysis of the investment strategies outlined in their mutual fund documents. For starters, the investigators ascertained which funds had ESG-related strategies, from a huge pool of actively managed mutual…

FridayDec 13, 2024 10:00 am

HubSpot Shines as an Example in Integrating Sustainability

HubSpot is an all-in-one online digital platform that provides millions of users and small businesses with different tools for content and customer service management as well as sales and marketing, which when used together can deliver great results. This is in addition to being a thought-leader with regard to sustainability. Yogesh Chauhan, the Senior Director of Sustainability at HubSpot, recently discussed in an interview how sustainability represented the crossroads of international regulations, innovative practices and consumer behavior. He revealed that the foundation of their company’s sustainability strategy centered on ensuring transparency, measuring their carbon footprint, and delivering on both public…

ThursdayDec 12, 2024 10:00 am

Employee Engagement is Critical to ESG Implementation, Says WEF

Despite having clear ESG goals, most companies struggle to translate their efforts into impactful outcomes. A recent poll has determined that employee engagement is crucial for achieving an organization’s sustainability goals. The poll was carried out on LinkedIn and had more than 200 respondents. Almost 50% of the companies that took part in the poll admitted that inadequate employee engagement was the main obstacle to achieving these objectives. The poll also found that the emphasis placed on environmental initiatives often cast a shadow over governance and social aspects. Conventional ESG strategies often adopt a hierarchical approach where leaders set objectives,…

TuesdayDec 10, 2024 10:00 am

Technology Can Help Firms Manage ESG Risk, Procurement Expert Reveals

Strategies for risk alleviation and management for firms have become very popular in the recent past, with the recent weather catastrophes and the coronavirus pandemic proving the worth of proper risk management. Without supply alternatives and accurate data in place, the consequences of not mitigating risk greatly impacts businesses. When it comes to issues related to ESG and particularly forced labor, the discussion around risk and its management becomes vaguer. With ESG concerns in supply chains continuing to increase, the risk they pose to procurement practitioners and businesses as a whole grows. Given that procurement professionals are required to prepare…

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Author: Alex Pearon