ESG Archives - Page 9 of 50

ThursdayJan 30, 2025 10:00 am

‘Greenhushing’ on the Rise as ESG Backlash Grows

Donald Trump’s win at the 2024 Presidential elections and his subsequent swearing in has seen America’s landscape begin to change, a shift that may also affect the world at large by minimizing focus on environmental policies and placing fossil fuels at the center of the discussion. This change is taking place alongside green hushing, which has influenced how many firms communicate, especially in the energy sector. So, what is greenhushing? This is when an organization or firm stays quiet about or downplays their sustainability practices and environmental efforts, despite making positive progress for the environment. Companies may avoid any discussions…

WednesdayJan 29, 2025 10:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Seals $49.5M USD Deal with Qcells for Four Major Solar Projects in New York

The projects, totaling 25.577 MW, will be developed as community solar initiatives, with SolarBank managing the construction, operation and maintenance of the projects. The projects will use U.S.-manufactured equipment, aligning with Qcells’ investment in domestic solar production, while incentives from New York’s NY-Sun Program will further enhance the projects’ viability. Qcells is investing nearly $2.8 billion USD into boosting U.S. domestic solar manufacturing and innovation to support and accelerate the U.S. clean energy transition. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects,…

TuesdayJan 28, 2025 10:00 am

BNP Paribas Decides to Rethink How it Defines Sustainable Finance

A senior executive at BNP Paribas revealed recently that the bank was focused on reimagining what it considered sustainable and reevaluating sustainable finance to center on profitability. BNP Paribas is a French multinational universal bank and financial services holding firm that provides global financial services and solutions in a changing world. This announcement comes after the bank distanced itself from ESG, following unsatisfactory returns from investments. Constance Chalchat, chief sustainability officer at the firm’s corporate and institutional banking division, explained that this move would help make sure that sustainable finance didn’t compromise profitability. Chalchat added that the bank was focused…

MondayJan 27, 2025 12:00 pm

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) at Forefront of Copper’s Growing Importance in Supporting a Sustainable World

Copper’s unique properties make it indispensable in modern technology. Aston Bay, a publicly traded mineral exploration company, is dedicated to discovering high-grade copper and gold deposits in North America. Aston Bay’s exploration and development efforts are crucial to meeting the escalating demand driven by the global shift towards sustainable energy and technology. As the global community intensifies its commitment to sustainability, the demand for essential resources such as copper has surged. This versatile metal is integral to numerous technologies that underpin a sustainable future, from renewable energy systems to electric vehicles. Ensuring a consistent and ecologically responsible supply of copper…

FridayJan 24, 2025 10:00 am

Study Finds Majority of Investors Consider ESG, Though Barriers Remain

A new survey has determined that more than half of investors still consider ESG factors as crucial when it comes to asset allocation in portfolios. 63% of investors consider environment to be important while 58% and 51% consider governance and social factors to be important. Fidelity International, a global asset manager, conducted the survey, which involved more than 120 intermediary and institutional distributors across Asia and Europe and centered on investor interest in integrating ESG factors into their portfolios. The survey showed that European and institutional investors placed greater emphasis on ESG factors in portfolio asset allocation. It also examined…

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…

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