ESG Archives - Page 5 of 46

ThursdayJan 23, 2025 10:00 am

WEF Says ESG Initiatives Require Solid Economic Foundations

Over time, ESG is becoming more important to investors and in turn, companies. A survey conducted by McKinsey revealed that roughly 85% of Chief Investment Officers held the opinion that ESG played a key role in their investment decisions. The survey also determined that about 60% of respondents examined their portfolios for ESG issues, with another 80% assessing how ESG factors influenced projected cash flows. Additionally, a study by the NYU Stern School of Business has identified a strong correlation between financial performance and ESG. Given that companies receive substantial ESG investments and the benefits of these initiatives are primarily…

WednesdayJan 22, 2025 9:30 am

SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Secures $25.8M for Battery Storage Projects as Demand Surges

The $25.8 million in financing from the Royal Bank of Canada will be used for two Ontario-based battery energy storage system projects. The projects mark SolarBank’s first foray into energy storage, a market expected to reach $31.2 billion by 2029. Contracts for the projects include a 22-year term with fixed capacity payments significantly above the market average. The projects will benefit from Canada’s Clean Technology Investment Tax Credit, covering up to 30% of eligible capital costs. Battery storage is becoming essential for grid resilience, cost management and meeting skyrocketing energy demand. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN)…

WednesdayJan 22, 2025 8:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Committed to Playing Crucial Role in Metals Exploration Space

The exploration and discovery of key metals are more critical than ever, ensuring a steady supply to meet burgeoning global demands. Aston Bay is focused on exploring for high-grade copper and gold in North America. Companies such as Aston Bay play a crucial role in identifying and developing new sources of key metals, ensuring that supply can meet global needs. In the modern era, metals are the backbone of technological advancement and economic development. From the devices that connect us to the infrastructure that supports us, key metals are indispensable. Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral…

FridayJan 17, 2025 10:00 am

Federal Judge Finds American Airlines Culpable for Prioritizing ESG in Retirement Fund

Last week, U.S. District Judge Reed O’Connor ruled that American Airlines had breached the law by making investment decisions for its employee retirement plans based on non-financial factors like ESG. The airline was sued in 2023 by a pilot, Bryan Spence, via a class action suit that represented over 100,000 participants in the retirement plan. In the suit, the pilot argued that the airline had infringed the Employee Retirement Income Security Act by not remaining loyal to participants in their 401k plan in overseeing their assets. In February 2024, O’Connor dismissed claims made by the airline that the suit needed…

ThursdayJan 16, 2025 10:00 am

Study Uncovers Fascinating Findings about Canadian Firms’ Use of Social Media for ESG Visibility

Previous studies have determined that strong ESG performance decreases costs of capital for firms, resulting in better performance of their stocks. With investors becoming more socially and environmentally aware of the effect of their investment decisions, more are moving toward firms that align with their ideals. This has seen some companies turn to social media as a way to share information, particularly investors in the younger generations. A recently conducted study analyzed how ESG disclosures made by Canadian firms on social media influenced their financial performance, particularly their return on equity. The researchers began by analyzing posts on X (formerly…

TuesdayJan 14, 2025 10:00 am

Trends That ESG Professionals Should Keep an Eye on in 2025

2025 may be a difficult year for the ESG space, particularly after president-elect Trump is sworn in. It is expected that Trump’s administration will reverse the progress made by Biden’s administration in this space, particularly climate-friendly and ESG regulations and legislations. Already, some of the biggest banks in the country have exited climate alliances, with major firms like Meta also withdrawing from their DEI commitments. Below, we look at other trends professionals in the ESG space need to look out for this year. More firms on Wall Street exiting climate alliances On New Year’s Eve, Citigroup and Bank of America…

FridayJan 10, 2025 10:00 am

Bank of America, Morgan Stanley, Citigroup Exit Coalition Backing Net-Zero Goals

Last week, three major financial institutions exited the Net-Zero Banking Alliance, an international banking climate alliance committed to aligning their activities with net-zero greenhouse gas emissions targets by 2050. The group was founded in 2021 by the United Nations and holds a total of $71 trillion in assets. It has more than 100 banks from forty-four countries as members. The recently departed institutions, Morgan Stanley, Citigroup, and Bank of America, gave separate statements on the matter. A Citi spokesperson stated that the bank would focus its attention on addressing limits to capital mobilization to emerging markets in support of the…

WednesdayJan 08, 2025 8:00 am

SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Is ‘One to Watch’

SolarBank has a development pipeline exceeding 1 GW, with over 100 MW of renewable energy projects completed. The company operates a vertically integrated business model, ensuring cost efficiency and maximizing profitability across the project lifecycle. SolarBank recently secured a $25.8 million project finance facility for two BESS projects, demonstrating robust financial backing. Announced expansion into the rapidly growing data center market positions the company to tap into an industry that’s forecast to reach a value of $395 billion by 2030. Leadership with over 100 years of combined experience ensures strong operational expertise and strategic vision. SolarBank’s diverse portfolio spans solar…

TuesdayJan 07, 2025 10:00 am

How AI is Influencing Sustainability’s Future

A report recently released by PwC discusses how the future of sustainability may be influenced by the evolving role of artificial intelligence. Already, AI is being utilized by businesses to promote the adoption of renewable energy, strengthen supply chains, and reduce carbon emissions, all while mitigating climate risks. A separate report highlights the importance of properly implementing AI, revealing that nearly 75% of investors would prioritize companies committed to effective climate action, such as scaling renewable energy and innovating products. To fully harness the value of AI, businesses can align their sustainability priorities with AI initiatives, driving efficiency, uncovering new…

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…

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