ESG Archives - Page 24 of 49

MondayMar 11, 2024 3:00 pm

Flexibility Can Help Resolve ROI Issues in ESG Investing

Environment, social and governance (“ESG”) projects are becoming increasingly popular among investors, corporations and governments globally. With the effects of human-induced climate change becoming clearer by the day, there is a growing need for increased accountability in ESG reporting among corporations and governments because they are typically responsible for the majority of the world's emissions. Trillions of dollars are being earmarked for such ESG projects, and PriceWaterhouseCoopers forecasts that investment in ESG projects will almost double from $18.4 trillion in 2021 to nearly $34 trillion in 2026. ESG holdings are also on track to account for 21.5% of all the…

FridayMar 08, 2024 2:00 pm

BlackRock Reports Increasing Politicization of ESG Poses Business Risks

In its 2023 end-of-year filing with the U.S. Securities and Exchange Commission (“SEC”), BlackRock pointed out that its ESG investment strategy was a risk for the company, partly because of the growing political scrutiny surrounding environmental, social and governance practices. BlackRock is a multinational investment company as well as the biggest asset manager globally with $10 trillion in assets. The company explained in its 10-K form that if it wasn’t able to successfully manage expectations related to these practices across varied shareholder interests, it’s reputation would be negatively affected, as would its ability to retain and attract employees, clients, business…

WednesdayMar 06, 2024 3:00 pm

EU Fails to Secure Approval for Proposed Law on Environment, Sustainability, Human Rights Reporting

The European Council has failed to approve proposed legislation on environmental, sustainability and human rights reporting. After several countries, including Italy and Germany, objected to a European Union legislation that would require companies to mitigate their impact on the environment and human rights, the legislation did not receive the European Council’s final approval. The measure did not secure the EU’s approval even though the EU Parliament and the European Council had previously reached a provisional regulation on the environment, sustainability, and human rights reporting bill. This will undoubtedly set back the regional bloc’s efforts to achieve its Corporate Sustainability Due…

MondayMar 04, 2024 1:00 pm

Stakeholders Welcome New EU Regulations on ESG Ratings

Europe’s investment industry has welcomed a proposed regulation for ESG rating providers as a crucial step toward preventing conflicts of interest in ESG reporting. The proposed regulation is in line with a provisional agreement between member states and the European Union parliament that was struck in early February. They would require ESG ratings providers to provide separate ratings for the three ESG pillars: environmental, social and governance. Alternatively, ESG rating providers that opt for an aggregate ESG rating could also explain how they weighted the three ESG pillars. According to the European Fund and Asset Management Association (“EFAMA”), “much clearer…

FridayMar 01, 2024 2:00 pm

Why ESG Should Be Treated More Seriously

After decades of frenzied debate about whether corporations should serve society or their shareholders, a historic United Nations (“UN”) paper published in the early 2000s first used the term ESG to refer to Environmental, Social and Governance considerations. Titled “Who Cares Wins,” the report outlined the need for sustainable developments by corporations and highlighted the critical role ESG considerations would play in ensuring the future of humanity and civilized society. Unsurprisingly, the environmental pillar is simultaneously the most critical and challenging consideration to address. Over a century of burning fossil fuels has resulted in significant damage to the atmosphere, throwing…

ThursdayFeb 29, 2024 9:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Is ‘One to Watch’

A maiden mineral resource estimate for the Storm Copper Deposit is anticipated to be released in Q1 2024; an expanded drilling program is planned for 2024 to significantly increase the resource, and work is already underway to advance the low capex open pit mining opportunity toward development. In October 2023, the company closed a brokered private placement and a concurrent non-brokered private placement for proceeds of C$2.5 million. In March 2021, the company entered an option agreement that allows American West Metals Limited to earn an 80% interest in Aston Bay’s Storm Copper Project and Seal Zinc Deposit; America West…

WednesdayFeb 28, 2024 2:00 pm

Funds Promoting Responsible Investing Tripled in Size from 2012 – 2022

A recent analysis by the CFA Institute has revealed that funds promoting responsible spending nearly tripled in size from 2012 to 2022. The analysis found that responsible investment funds increased from $2.2 trillion in 2012 to almost $6 trillion in 2022, suggesting a growth rate in line with the wider investment fund market. Titled “Responsible Investment Funds Build Consistent Market Presence,” the report shows that responsible investment funds maintained a relatively consistent market share over the study period, experiencing a slight increase from 14.2% in 2012 to 15.4% a decade later. As such, the report posits that responsible investment funds…

MondayFeb 26, 2024 1:30 pm

Musk Claims ESG Being Forced’ on Investors, Warns of Lawsuits

Elon Musk says large-money funds such as Fidelity and BlackRock are forcing environmental, social and corporate governance (“ESG”) considerations on investors against their best interests. Corporations have spent the past several years increasingly incorporating ESG considerations into their business plans partly due to money funds such as Vanguard and BlackRock that typically use ESG-based investment strategies. BlackRock is famous for emphasizing the importance of climate-change impact in its investment decision, and it even offers several ESG-focused funds. Fidelity also incorporates ESG considerations into its investment decisions alongside a suite of ESG products, while Vanguard has corporate goals aimed at cutting…

FridayFeb 23, 2024 1:30 pm

KPMG Survey Uncovers Contradictions Between Companies’ ESG Plans, Actions

A recent survey by professional services company KPMG U.S. has revealed that corporate plans to step up ESG reporting will likely “clash with spreadsheet realities.” With environmental, social, and governance, or ESG considerations becoming a bigger priority for many corporations, the report sheds light on the challenges companies will face as they strive to elevate their ESG data and reporting capabilities. The KMPG US survey involved 550 executives, board members and managers from several private and public companies. According to the report, 43% of the respondents said they would boost investment in ESG personnel over the next three years while…

WednesdayFeb 21, 2024 2:38 pm

Microsoft Adds AI to Cloud to Ease ESG Data Capture, Reporting

Microsoft has integrated new artificial intelligence (“AI”) and data-capturing capabilities into its cloud. The company has introduced a version of the Copilot AI tool as well as sustainability-focused data services to Microsoft Fabric. This is Microsoft’s software-as-a-service (“SAAS”) analytics platform that covers real-time analytics, business intelligence, data movement and data science, among others. The Washington-based tech giant also equipped its Microsoft Sustainability Manager platform with an AI model to help improve insights. Integrating sustainability features and AI capabilities into the Microsoft Fabric platform will help customers capture data on environmental, social, and corporate governance (“ESG”) as well as measure, reduce…

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