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New code of practice guidance for voluntary carbon markets

ROSE MARY PETRASS  |  WEDNESDAY, 29 NOV 2023  |  NEWS
The Voluntary Carbon Markets Integrity Initiative (VCMI) has released guidance to help direct finance to climate mitigation initiatives and commitment beyond science-aligned emissions cuts. The new guidance for the Claims Code of Practice aims to accelerate ...

Sustainable AUM tops US$30 trn despite tighter labels

ROSE MARY PETRASS  |  WEDNESDAY, 29 NOV 2023  |  NEWS
Despite increased rigour causing a decline in assets labelled as "sustainable", sustainable investment assets under management increased by 20% since 2020 in non-US markets. A global collaboration of sustainable investment organisations has teamed up ...

UN-informed tool to assess SDG progress

ROSE MARY PETRASS  |  TUESDAY, 28 NOV 2023  |  NEWS
Bloomberg ESG has integrated a United Nations' framework to assess the alignment of companies to Sustainable Development Goals (SDGs). The tool incorporates the UN Environmental Programme Finance Initiative (UNEP FI) Sector Impact Map to move needle ...

Slow progress on human rights in business

ROSE MARY PETRASS  |  MONDAY, 27 NOV 2023  |  NEWS
Most companies are failing on human rights and gender performance, according to The World Benchmarking Alliance (WBA). WBA recently released its Corporate Human Rights Benchmark and Gender Benchmark. The human rights benchmark ranked 110 of the world's ...

Surge in executive support for sustainability

ROSE MARY PETRASS  |  THURSDAY, 23 NOV 2023  |  NEWS
There has been a threefold growth in executives acknowledging the business case for sustainability, but, heightened understanding has not yet translated into increased investment. A global survey of 2151 executives across 718 large organisations finds ...

Workplace conduct a financial risk: Fidelity International

RACHEL ALEMBAKIS  |  THURSDAY, 23 NOV 2023  |  NEWS
Workplace misconduct is a material financial risk to business and investors, with potential spillover impacts extending beyond an individual company to jeopardise the reputation of entire industries, according to new research from Fidelity International. ...

Don't neglect the SDGs in sustainable finance strategy

RACHEL ALEMBAKIS  |  MONDAY, 20 NOV 2023  |  NEWS
The government's sustainable finance strategy is an opportunity to tie action on the Sustainable Development Goals (SDGs) to action on climate. UN Global Compact Network Australia chair Fiona Reynolds called the recently released strategy a "welcome ...

Corporate net zero plans at odds with anti-climate lobbying

ROSE MARY PETRASS  |  MONDAY, 20 NOV 2023  |  NEWS
Despite widespread corporate commitments to net zero, a significant proportion of global companies engage in lobbying that contradicts their stated environmental goals. While almost all US companies target net zero, most are weakly aligned to their ...

New tools available to help investors meet Paris Agreement

ROSE MARY PETRASS  |  FRIDAY, 17 NOV 2023  |  NEWS
A range of new tools have been released from organisations including Moody's Investors Service, ISS STOXX, Global Impact Investing Network, UN-convened Principles for Responsible Investment, Bloomberg and Riskthinking.AI. Moody's releases framework ...

Sustainable bonds underperform on climate targets

ROSE MARY PETRASS  |  THURSDAY, 16 NOV 2023  |  NEWS
Sustainability Linked Bonds are more likely to achieve emissions reductions targets than use of proceeds bonds, but many labelled bond users are not tracking to meet 2050 net zero targets. Corporate issuers are increasingly turning to labelled bonds ...