NewsRoom Articles - Page 17 of 53

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…

MondayOct 07, 2024 10:00 am

Business Schools Could Soon Need to Add ESG Training to Accounting Programs

Environmental, social and governance (ESG) standards have become increasingly popular in the business world and particularly when it comes to investments. Given its popularity, there is a need for the standards to be understood by current as well as future leaders in business and accounting professions. A good way to ensure that this is done is to incorporate these principles into accounting courses, a move that aligns learners with what is happening in the real world. Experts hold the opinion that evolving sustainability standards, an increase in ESG-related regulations, and more public companies using ESG reports help motivate the aforementioned…

FridayOct 04, 2024 10:00 am

EU Takes Action to Combat Noncompliance with ESG Transposition by Member States

The European Commission has taken several steps to address issues with the transposition of directives that were recently introduced in the European Union across member states. In a statement, the commission argued that the absence of national measures hindered the harmonized compliance and implementation of various laws under the European Union. Below, we look at some of the areas the commission has touched on. Corporate Sustainable Reporting The Corporate Sustainability Reporting directive is yet to be fully adopted by 17 member states, including Spain, Germany and Belgium. The commission explained that sustainability reporting was important for the promotion of trust…

WednesdayOct 02, 2024 10:00 am

ESG Investors Getting Spooked by Power Hunger of Big Tech’s AI Programs

The power demands of advanced computing and artificial intelligence (AI) companies have begun raising concerns among some investors regarding whether this field should be represented as greatly as it is in sustainable funds. Already, asset managers in charge of environmental, social and governance (ESG) funds worth hundreds of billions have been calling out big tech firms such as Alphabet and Microsoft on the impact their operations have on the environment. Six fund executives in the United States and Europe have revealed that they are closely examining the environmental impact of AI on the environment. This comes after major tech companies…

MondaySep 30, 2024 10:00 am

Decoding What ESG Scores Can, Cannot Do

Environmental, social and governance (ESG) data is important because it helps measure the sustainability, long-term viability and ethical standards of companies. In the last couple of years, we have seen the reporting of issues linked to sustainability increase in shareholder reports, bolstered by regulatory mandates and/or voluntary disclosure. Data from 2022 shows that 98% of S&P 500 firms reported ESG data. Of these firms, 70% of them acquired some assurance on their ESG metrics. This is an increase from the 65% recorded in 2021. Despite these positive strides, the accuracy of this data is still under scrutiny. A PwC survey…

FridaySep 27, 2024 10:00 am

The Market for ESG Reporting Software Poised for Explosive Growth

Environmental, social and governance (ESG) frameworks are used to evaluate the business practices and performance of organizations on various ethical and sustainability issues. Increased use of these frameworks has seen reporting software that eases data collection and reporting become increasingly popular. ESG reporting software is designed to assist companies in tracking, analyzing and reporting their corporate responsibility and sustainability initiatives. These tools also enable organizations to enhance stakeholder engagement, improve transparency and comply with regulatory requirements. HTF Market Intelligence’s latest study estimates that the global market for ESG reporting software is poised to rake in about $5 billion in revenues…

WednesdaySep 25, 2024 10:00 am

Deloitte Partners with Salesforce to Accelerate ESG Reporting

Deloitte, in partnership with Salesforce, recently launched a sustainability-management solution focused on improving reports on environmental, social and governance (ESG) targets. The program, dubbed Greenlight Powered by Salesforce (GPBS), has been implemented into the former’s operations in more than 120 countries. It was first announced last year as a collaboration that combined capabilities from data-management products of both companies and elements of code. The program is seen as an update to the Greenlight solution offered by Deloitte, which affords clients a platform that can stream their ESG reporting process. Deloitte’s global chief sustainability officer, Kwasi Mitchell, explained that having the…

MondaySep 23, 2024 10:00 am

Study Finds Investors in Canada Unfazed by ESG Polarization in US

A survey that focused on institutional investors in Canada has determined that environmental, social and governance (ESG) has gone mainstream, with increasingly numbers of companies carrying out double-materiality evaluations. The survey found that investors are not only considering ESG factors in their investment evaluations but also expanding to the broader positive/negative impacts of their investments. This comes amid indications from the country’s Environment and Climate Change Ministry that the nation will have a transition taxonomy by Dec. 31, 2024. This latest survey was conducted by Millani, which offers corporate sustainability advisory and responsible investing services. Investigators began their study by…

FridaySep 20, 2024 10:00 am

How to Incorporate ESG Within Your Operations

Environmental, social and governance (ESG) guidelines are normally used to help companies implement their sustainability strategies. Sustainability focuses on how organizations can decrease overall impact while positively benefitting communities around them as well as the planet. As the days go by, it is becoming increasingly important for businesses to incorporate ESG policies and practices into their operations. Businesses, and in particular charities, that wish to do so need to start by carrying out a materiality assessment, which helps identify elements that actually impact a charity. ESG key performance indicators that come up need to be relevant, with most charities adopting…

WednesdaySep 18, 2024 10:00 am

Sweep CEO Discusses Whether ESG Rating Agencies Need to Be Regulated

Pressure is mounting for businesses that haven’t yet enhanced the transparency and quality of their environmental, social and governance (ESG) data. Better data quality is becoming an important tool for organizations to formulate effective sustainability strategies while also attracting new investors. As frameworks such as the United Kingdom’s Sustainability Disclosure Requirements and the European Union’s Corporate Sustainability Reporting Directive come into effect, companies are being urged to consolidate their sustainability data to navigate this regulatory landscape. Sweep, a sustainability data-management platform, helps financial organizations and companies achieve their sustainable business goals by managing increasing disclosure requirements. Rachel Delacour, company CEO…

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