ESG Archives - Page 9 of 46

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…

WednesdayOct 09, 2024 11:15 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Updated Report on Storm Copper Project Drilling Program

“The first deep drill hole of the year adds another success to the 2024 exploration program at Storm,” said Aston Bay CEO. So far this year, the drilling program has completed a total of 128 RC drill holes and 14 diamond drill holes at Storm and Tempest, exceeding the planned target. Data obtained from these drill holes will be “fed back into the model,” providing additional refinement to targeting for even better copper intercepts at depth. Accelerated drilling at the Storm Copper Project has discovered Cyclone-style copper mineralization at depth and confirmed the prospectivity of the Central Graben area, reported Aston…

WednesdayOct 09, 2024 10:00 am

JPMorgan Executive Says US Backlash Against ESG Is Exaggerated

An executive at JPMorgan recently stated that the backlash against issues related to environmental, social and governance (ESG) in the United States was overstated. Chuka Umunna, the company’s global head of sustainable solutions, explained during an Energy Transition conference that the weaponization of the term “ESG” and the backlash that followed had little effect on the growing green economy of the U.S. He added that while some investors and companies didn’t discuss sustainability as much, they were still moving money in a way similar to their peers in Europe. Umunna noted that investors in the U.S. may not have been…

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