NewsRoom Articles - Page 10 of 50

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…

ThursdayJan 02, 2025 10:00 am

China Launches First Sustainability Disclosure Standards for Corporations

Earlier this month, the Ministry of Finance in China in collaboration with nine other departments rolled out basic sustainability disclosure standards. The objective of these standards is to standardize ESG disclosures countrywide, balancing international ESG integration with local priorities like rural development and climate change. The East Asian nation had released a draft earlier in May and incorporated feedback as it works to finalize the standards. Unlike the draft, the final standards concentrate on creditors and investors, improving market-driven accountability. They also align with policies requiring large firms to disclose ESG metrics as from 2026. In addition to this, they…

FridayDec 27, 2024 10:00 am

Businesses are Embracing ESG Beyond Compliance Requirements

Over the last couple of years, ESG requirements have moved from being an elective to compulsory for most businesses globally. With the demand for proper reporting growing as more stakeholders ask for greater transparency, there is a need for businesses to embrace ESG beyond compliance requirements, especially in a world that’s becoming increasingly concerned with the impacts our actions have on the individuals and environment around us. ESG can help businesses achieve growth while also adding value in the long run. Studies have shown that the global shift towards a low-carbon, sustainable economy has a forecasted value of $40 trillion.…

ThursdayDec 26, 2024 10:00 am

Tech and People Are Equally Vital in Collecting ESG Data

Regulatory frameworks like the International Sustainability Standards Board, Climate Disclosure Project, Carbon Border Adjustment Mechanism, Corporate Sustainability Reporting Directive, European Sustainability Reporting Standards, and Science-Based Targets are driving collection of ESG data for companies globally. Given the vast amounts of data that needs to be gathered and compiled, there is need for technology that can help meet timelines efficiently. This has seen the software industry develop advanced tools to help in ESG data collection efforts. Offerings like GenAI have the potential to transform the gathering of data, as reporting requirements become more complicated and taxing. Plug-in tools that simplify tasks…

FridayDec 20, 2024 10:00 am

Research Delves into Why ESG Reporting Software is Becoming Popular

The use of specialized software solutions to streamline ESG reporting among companies is increasing. This comes as ESG reporting continues to grow into a popular business practice, providing firms a powerful tool to show their commitment to responsible governance and sustainability. The reporting software automates the collection of data from different sources across an organization, decreasing the effort and time needed for manual collection. It also validates and compiles the information into centralized databases, allowing firms to compare performance against benchmarks, analyze trends, and find areas of improvement. This is in addition to facilitating the production of standardized reports aligned…

FridayDec 20, 2024 8:45 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Positioned for Strong Role in Growing Copper, Gold Sectors

The outlook for both copper and gold in the coming year is highly optimistic, supported by robust demand trends and supply dynamics. Aston Bay is positioned to play a critical role in the anticipated growth of these metals. Looking ahead to 2025, Aston Bay plans to expand its exploration activities. The outlook for both copper and gold in the coming year is highly optimistic, supported by robust demand trends and supply dynamics. This bodes well for companies operating in the space, including Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBDF), a publicly traded mineral exploration company exploring for high-grade critical and…

ThursdayDec 19, 2024 10:00 am

KPMG Survey Shows Top Corporations are Normalizing ESG Reporting

A recent survey has determined that 95% of the largest corporations globally are reporting their carbon targets, a great increase from the 80% recorded in 2022. The survey, conducted by KPMG every two years, evaluates the G25P and N100 business groups. N100 represents 5,800 businesses composed of the 100 biggest firms from 58 countries surveyed. On the other hand, the G250 represents the top 250 firms globally based on revenue. According to KPMG, setting carbon targets and reporting on ESG issues has become routine for leading organizations. The survey also found that 56% of these organizations have sustainability leaders, an…

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