ESG Archives - Page 14 of 46

WednesdayJul 10, 2024 10:00 am

Concerns Grow Regarding Market Consolidation as Moody’s Exits ESG Ratings Segment

Stakeholders believe that the imminent exit by Moody’s from the environmental, social and governance (ESG) ratings segment may apply upward pressure on prices, speed up consolidation in the ratings segment and create a gap in the market. In a recent statement, the leading global provider of credit ratings, research and risk analysis confirmed that it would close its ESG solutions business and put an end to its scoring products. This comes after the company announced that it was party to a strategic partnership with MSCI last week. Under the terms of this partnership, Moody’s shall start offering MSCI ratings and…

TuesdayJul 09, 2024 9:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) and JV Partner Obtain Key Financing, Move Forward with Storm Copper Project Development

American West Metals Limited entered into binding agreement with Australian-based Taurus Mining Royalty Fund L.P. The royalty funding supports the advancement of the Storm Copper Project The investment from Taurus is a strong endorsement of the potential at Storm Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company, and its joint venture partner, American West Metals Limited, are making significant plans to move forward on development of the Storm Copper Project, located in Nunavut, Canada. The plans follow the announcement that American West secured nondilutive financing from a leading royalty fund to support exploration and development…

MondayJul 08, 2024 10:00 am

Moody’s, MSCI Team Up to Boost Transparency in ESG Data

MSCI Inc., a global finance company that offers equity, fixed income and multi-asset portfolio analysis tools, and Moody’s Corp., a credit rating, research and risk analysis company, have entered into a strategic partnership agreement. While specific financial terms of this agreement weren’t announced, the agreement centers on enhancing transparency and delivering strong, data-driven risk solutions. The companies plan to use the Orbis database and integrate MSCI’s environmental, social and governance (ESG) ratings to offer better tools for decision making and comprehensive ESG insights for clients across the insurance, corporate and banking sectors. The Orbis database by Moody’s is the largest…

FridayJul 05, 2024 10:00 am

How Inefficient Data Centers Hamper Sustainability

Experts believe that companies which are maintaining excess capacity for their IT and data-center requirements are impeding efforts to run their facilities in a way that is more sustainable. Hewlett Packard Enterprise’s chief technologist of sustainable transformation, John Frey, revealed that it was common for companies to switch off features that made their systems run more efficiently. He explained that while these devices were calibrated to operate at high efficiency levels with optimized power performance, clients often switched off the default setting, with some holding the opinion that it would help systems run without lag. Frey explained that this meant…

WednesdayJul 03, 2024 10:00 am

Denmark Becomes First to Levy CO2 Emissions Agriculture Tax

Denmark is about to become the first nation globally to impose a carbon dioxide tax on emissions in the agricultural sector, mainly centered on livestock. This comes after numerous negotiations among different stakeholders, the main objective being to considerably decrease greenhouse-gas emissions. The government came to an agreement with industry, farmers, labor unions and environmental groups on policies associated with agriculture. The tax to be imposed aligns with the nation’s objective of reducing greenhouse-gas emissions by 70%. In general, the policy is expected to decrease CO2 emissions by 1.8 million tons in 2030. Australian National University professor Mark Howden stated…

MondayJul 01, 2024 10:00 am

Survey Shows Asset Owners Want ESG Costs Recorded as Management Fees

A new survey has determined that most asset owners believe that charges related to environmental, social and governance (ESG) should be part of management fees. The survey was conducted by bfinance, an independent and privately owned financial services and consultancy company. The company surveyed more than 400 asset managers across 31 nations, making up more than $50 trillion in assets under management. It also surveyed 225 asset owners from 32 nations in the world, representing more than $4 trillion in assets. Of this number, 43% are pension funds. The company determined that 89% of asset managers had increased spending related…

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…

ESGWireNews provides insights into ESG companies.

Contact us: (512) 354-7000

Category: ESG