NewsRoom Articles - Page 13 of 46

MondayJul 29, 2024 10:00 am

Why There May Be No Turning Back Regarding ESG Reporting

Uncertainty has increased after the United States Securities and Exchange Commission (SEC) paused the implementation of its climate disclosure rule. Nevertheless, organizations are still being affected by the regulation, with companies actively preparing for compliance. Some companies have already begun reporting under the Corporate Sustainability Reporting Directive (CSRD), which was finalized in December 2022 by the European Union. This directive is considered to be a broad environmental, social and governance (ESG) regulation, because it combines assurance, ESG data and financial data. Other countries, including New Zealand, the United Kingdom, Hong Kong, South Korea, Brazil, China and Japan, have all passed…

FridayJul 26, 2024 10:00 am

IBM, JLL Team Up to Help Commercial Properties Collect, Report ESG Data

Last week, JLL and IBM rolled out a sustainability system available to clients around the globe. IBM is a multinational tech company based in the United States while JLL is an international real estate services company based in the United Kingdom. The new solution, called Sustainability Program Management, is powered by EnviziESG suite and offered by the sustainability services arm of JLL. The program offers sustainability services such as decarbonization strategies to be employed within commercial real estate operations. It is focused on addressing issues commercial real estate organizations face, including collecting or managing data on real estate portfolios for…

WednesdayJul 24, 2024 10:00 am

Challenges Fintechs Face Regarding ESG

Over the last few years, we have seen environmental, social, and governance (ESG) reporting frameworks grow in importance. This comes as more investors hold the opinion that companies which perform well on ESG are better positioned for the long-term. In the past, greenwashing was a huge issue, with inaccurate data being published for the public. Now with transparency increasing, other challenges have come up. Below, we look at some of the challenges that fintech companies are now facing with regard to ESG. Regulatory compliance Regulations in this space are continuously updated, pointing to the need for fintechs to be up-to-date…

MondayJul 22, 2024 10:00 am

Sustainable Fitch Report Says States Will Drive Compulsory Climate Reporting

New regulations and laws at the federal and state levels in America are expected to establish obligatory requirements for thousands of companies to provide climate-related reporting. This is according to a report recently released by Sustainable Fitch, the sustainability-focused analytics business by Fitch Group. This report comes after the U.S. Securities and Exchange Commission (SEC) approved a new rule that establishes mandatory reporting requirements for public companies in the United States. Earlier in the year, the SEC announced requirements for public American companies to provide disclosure on climate risks that their businesses dealt with, plans to address these issues and…

FridayJul 19, 2024 10:00 am

Soaring Emissions from Microsoft, Google Highlight Climate Change Challenges of AI

The use of artificial intelligence around the globe is increasing as days go by, as is energy consumption by the technology. Senior research analyst at the Allen Institute for AI, Jesse Dodge, has been conducting research on how AI consumes energy. Thus far, researchers have determined that artificial intelligence uses a lot more power to generate its answers as compared to traditional internet. One report by Goldman Sachs determined that an inquiry made on ChatGPT required almost 10 times as much electricity as a question posed on Google. It is expected that as artificial intelligence advances, the need for energy…

WednesdayJul 17, 2024 10:00 am

KPMG Opens Reporting Hub to Clarify ESG Financial Reporting

KPMG International Ltd is a multinational professional services network, operating as one of the Big 4 accounting firms globally. The company recently launched its reporting hub, which provides insights and guidance that will assist organizations and their shareholders in better understanding climate transparency in corporate reporting. This comes as climate change continues to increase scrutiny in financial reporting, with many stakeholders demanding clarity on how companies report on matters related to climate. The hub, dubbed the Clear on Climate Reporting Hub, shall cover critical reporting issues through podcasts, FAQs and videos. It will be the ideal resource for companies seeking…

MondayJul 15, 2024 10:00 am

Investment Advisor Warns That Politicizing ESG Isn’t Sustainable

Peter Krull holds the opinion that environmental, social and governance (ESG) politicization is not a sustainable move. Krull, a partner and director of sustainable investing at Earth Equity Advisors, was recently named “Advisor of the Year” on ESG/Responsible Investing at the inaugural InvestmentNews Awards held last month. Krull believes that investors are being deceived with how the terminology is used, because ESG simply examines risks to a company from the metrics of environmental, social and governance (ESG). Sustainable investing, he claims, is a more favorable way to look at investing. Krull explained that the industry had shifted to hardcore ESG…

FridayJul 12, 2024 10:00 am

European Climate Survey Reports Older Adults Have Better Grasp of the Environment

A recent climate survey conducted by the European Investment Bank has determined that adults older than 30 years of age have a considerably better understanding of climate change in comparison to their younger counterparts. The survey involved more than 30,000 participants across 35 nations, including China, the United States, the United Kingdom, Canada, India, Japan and European Union member states. On a scale of 0 to 10, the results show that participants over 30 years of age in the European Union scored 6.47 while those under 30 scored 5.99 on climate knowledge. This disparity highlights the generational gap in climate…

ThursdayJul 11, 2024 9:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Outlines Plans for Fully Funded Exploration Program at Epworth Project

Aston Bay reports on 2024 exploration plans for Epworth sediment-hosted copper-silver-zinc-cobalt project located in Nunavut, Canada Property has impressive copper, silver, zinc and cobalt grades at the surface Project includes airborne electromagnetic and magnetic survey, geological and structural mapping, prospecting, and rock and lake sediment sampling With silver and copper projections looking good for this year, Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF) has announced its 2024 exploration plans for its Epworth sediment-hosted copper-silver-zinc-cobalt project located in Nunavut, Canada (https://ibn.fm/CcBjS). Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in Canada and the United…

ThursdayJul 11, 2024 9:00 am

Energy and Water Development Corp. (EAWD) Offers an Off-grid Solution to Combat Clean Water Access Challenges Brought About by Climate Change

Energy and Water Development, a green-tech engineering solutions company focused on delivering water and energy to extreme environments, understands the existing issues associated with climate change and its impact on water access Studies have demonstrated that climate change threatens critical existing water sources for populations all over the world Through its innovative, off-grid solution, using solar power or other available energy sources to pull water directly from the atmosphere, the company looks to address this problem, making clean water accessible to especially endangered populations Energy and Water Development (OTCQB: EAWD), a green-tech engineering solutions company focused on delivering water and…

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