Last news in English
IBA reports significant rise in aircraft emissions efficiency post - pandemic
IBA s latest data reveals a significant global decrease in CO2 emissions per Available Seat Kilometre (ASK) from 2019 to 2024, driven by the introduction of more efficient aircraft into airline fleets. The improvement in global aircraft efficiency ranged from 4.1% to 10.1%, with Latin America leading the change at a 10.1% reduction in CO2 emissions per ASK. However, regional variations were observed, with Asia-Pacific recording the smallest improvement of 4.1%. Europe saw a 6.9% reduction in emissions per ASK over the same period. IBA s NetZero platform, including its award-winning IBA NetZero Reporting tool, supports aviation stakeholders in monitoring and reporting sustainability targets with precision and efficiency. The platform offers a wide variety of measurement metrics and enables users to calculate exposures between specific dates accurately. IBA remains dedicated to assisting aviation stakeholders in leveraging its innovative solutions for detailed reporting. <|end|>
Source: ajot.com
Published on 2024-10-07
10 Climate & ESG Investment Funds to Know About – One Green Planet
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Source: onegreenplanet.org
Published on 2024-10-07
27 % increase in businesses transferring ownership to employees in a year to 542
The number of businesses transferring ownership to employees through Employee Ownership Trusts (EOTs) has surged by 27% in the past year, reaching 542, up from 428 the previous year. This significant increase, part of a 2,750% rise in new EOTs over five years, highlights the growing appeal of EOTs as a business exit strategy. Established by the government in 2014, EOTs offer a tax-efficient way for business owners to pass their shares to employees, avoiding income, capital gains tax (CGT), and inheritance tax liabilities. Mark Turner, a partner at Lubbock Fine, emphasizes the rising popularity of EOTs among entrepreneurs seeking to exit their businesses. The model allows owners to sell their shares to employees via a trust, often at full market value, with future profits financing the transaction. This approach is particularly attractive if changes to the tax system, such as a CGT increase, make private equity buyouts less appealing. EOTs not only provide a tax-efficient exit but also enable business owners to preserve their company culture and reward long-standing employees. Entrepreneurs concerned about potential cultural shifts following a sale to a private equity firm may find EOT agreements more suitable. Furthermore, from an Environmental, Social, and Governance (ESG) perspective, EOTs align with the desire to support employees who contributed to the company s success. In summary, the growing number of EOTs reflects their increasing financial attractiveness for business owners looking to exit their companies while maintaining their culture and rewarding employees. The potential changes to the tax system may further boost the appeal of EOTs as a viable alternative to private equity buyouts. <|end|>
Source: ifamagazine.com
Published on 2024-10-07
AB : What Might US Elections Mean For Renewable Energy ?
The US Inflation Reduction Act (IRA) has significantly boosted investment opportunities in renewable energy, with a focus on expanding federal tax credits for qualifying investments in electric vehicles, solar and wind power generation, and utility-scale batteries. Despite potential attempts by Republicans to roll back some of its provisions, a full repeal is deemed unlikely due to the economic case for renewables and the bipartisan support for reducing carbon emissions. The IRA has extended the time frame for tax credits, providing greater visibility for developers and investors, and reducing construction costs for renewable energy projects. Investment potential lies in updating the aging US power grid, with battery storage assets playing a crucial role in managing electricity distribution and preventing blackouts. Private credit investors could benefit from the combination of tax credits and project-generated cash flow. Public debt opportunities are also present among utilities and companies issuing ESG-labeled bonds. While a Republican win in the upcoming elections may alter the investment opportunity set and increase uncertainty, the challenge of shoring up an overextended grid is expected to persist, making an outright repeal of the IRA difficult. The law has already created over 150,000 new jobs in Republican districts and has broad regional impacts. Additionally, US companies will still have to comply with mandatory climate disclosure requirements in jurisdictions around the world, even if the SEC climate disclosure rule is repealed. In conclusion, the case for renewables transcends politics, and the IRA has intensified efforts to build renewable energy projects across the United States. The economic benefits of renewable energy, bipartisan support for reducing carbon emissions, and the need to update the aging power grid make it unlikely that the potential for new leadership in Washington will change the investment landscape in clean energy development. <|end|>
Source: menafn.com
Published on 2024-10-07
AI CANT BE LEFT TO TECHIES ! - Northlines
The Brahma Mantra for mankind, as articulated by R Gopalakrishnan, emphasizes the crucial role of leaders with humane, compassionate, and no-nonsense thinking in ensuring the prevalence of natural intelligence over artificial intelligence (AI). Gopalakrishnan, despite his initial reservations about speaking at a tech-focused conference, found value in his perspective as a user and business leader. His insights were shaped by discussions with experts like Mo Gawdat and Ali Zubayd, and a deep dive into the subject matter. Gopalakrishnan highlights the political and social implications of technology, arguing that AI cannot be left solely to tech experts. He stresses the importance of natural intelligence, humanism, and compassion in overseeing technological advancements. He warns against being overwhelmed by the hype surrounding AI and its potential to disrupt human intelligence. Drawing from historical events, such as Stanislav Petrov s decision to question the authenticity of a false alarm during the Cold War, Gopalakrishnan underscores the significance of human judgment and natural intelligence. He suggests that consciousness, a state rarely explored by most people, holds the key to humanity s survival in the face of AI s advancements. In conclusion, Gopalakrishnan s Brahma Mantra for mankind calls for a globalization of humanism and compassion, urging leaders to prioritize humane and compassionate thinking in the face of rapid technological progress. He emphasizes the need for a balanced approach, where natural intelligence and human judgment work hand in hand to guide the development and application of AI. <|end|>
Source: thenorthlines.com
Published on 2024-10-07
Börse Express - EQS - News : wienerberger enhances portfolio for water solutions in Northern Europe
Wienerberger AG, a leading international provider of ecological solutions for building envelopes and infrastructure in water and energy management, announces the acquisition of Finnish Slatek OY and Norwegian Tekken AS to enhance its portfolio for water solutions in Northern Europe. The acquisitions, expected to add roughly €10 million in revenue, will strengthen Wienerberger s position in the Nordic market for smart water management and water infrastructure solutions. Slatek OY, a family-owned company specializing in smart automation solutions for water utilities in Finland, will bolster Wienerberger s foothold in the attractive public water management segment. Tekken AS, a leading supplier of pumping stations and related services in Norway, will expand Wienerberger s offerings in the pumping station solutions market. The CEO of Wienerberger, Heimo Scheuch, highlights the attractiveness of the Nordics for investment, with high disposable incomes, stable business frameworks, and ambitious ESG agendas. The acquisitions align with Wienerberger s value-accretive growth strategy and contribute to sustainability by providing innovative digital solutions for water management. The transactions were successfully closed in October 2024, with the contracting parties agreeing not to disclose the respective purchase prices. For further information, contact Claudia Hajdinyak, Head of Corporate Communications, or Therese Jandér, Senior Vice President Investor Relations at Wienerberger AG. Distributed by EQS Group AG, this corporate news was published on October 7, 2024, and can be found on the Wienerberger website. <|end|>
Source: boerse-express.com
Published on 2024-10-07
Dubai Chamber of Commerce awards ESG Label to 27 firms
The Dubai Chamber of Commerce has recognized 27 companies for their commitment to sustainable business practices by awarding them the Dubai Chamber of Commerce Environmental, Social, and Governance (ESG) Label during the annual Sustainability Week. The award ceremony highlighted the importance of adopting practices that positively impact society, the environment, and promote good governance. The recipients of the ESG Label include a diverse range of organizations such as Adnoc Distribution, ALEC Engineering and Contracting, Aramex, and Emirates NBD, among others. Maha Al Gargawi, the Vice President of Business Advocacy at Dubai Chambers, emphasized the label s role in encouraging businesses to advance sustainability and ESG readiness. The Dubai Chamber of Commerce ESG Label was developed by the chamber s Centre for Responsible Business to help organizations evaluate their ESG readiness and maturity levels. The development process involved a thorough assessment by globally recognized ESG experts and consultation with the business community. The framework aligns with global best practices and meets local and international baseline requirements for ESG reporting and preparedness. Sustainability Week 2024, organized by the Dubai Chamber of Commerce s Centre for Responsible Business, will feature events showcasing the role of advanced technologies, such as AI, in developing practical sustainability solutions. The goal is to accelerate the adoption of sustainable business practices among the private sector. In summary, the Dubai Chamber of Commerce ESG Label recognizes and encourages companies to adopt sustainable business practices, with a focus on environmental, social, and governance factors. The label s development process involved global expertise and consultation with the business community, ensuring alignment with best practices and local requirements. Sustainability Week 2024 aims to further promote sustainable business practices through the use of advanced technologies. <|end|>
Source: tradearabia.com
Published on 2024-10-07
ELKEM TO SHOWCASE ITS THERMAL MANAGEMENT MATERIALS AT THE BATTERY SHOW
Elkem, a renowned silicone solutions provider, will participate in The Battery Show in Detroit from October 7-10, showcasing its innovative battery assembly solutions. The company s booth, #4605, will feature its Thermal Management Materials, designed to enhance battery performance and safety by mitigating thermal runaway, dissipating heat, and improving fire resistance. Elkem s solutions have protected over two million EV battery packs with 60 billion miles driven. John Albaugh, associate market manager, highlights Elkem s ability to run thermal simulations to demonstrate the benefits of their products. Attendees can expect hands-on displays and literature on Elkem s solutions. Albaugh emphasizes the company s commitment to meeting customer needs and its agility in innovating into emerging markets. Elkem Silicones, with over 70 years of experience in automotive applications, is dedicated to creating a sustainable future through innovation. The company s EV Applications Center aims to reduce application development costs, expedite validation, and accelerate time to market. Elkem s thermal insulating materials and their use in EV batteries are protected by patents US10,501,597 B2 & US11,261,309 B2 and patent applications US2022081529 & US2023203265. The company, listed on the Oslo Stock Exchange (ELK), has achieved an operating income of NOK 35.5 billion in 2023 and received CDP ratings of A on Forests, and A- on Climate Change and Water Security. For more information, visit www.elkem.com or contact Karen O Keefe at 609-658-5458. SOURCE: Elkem Silicones <|end|>
Source: itnewsonline.com
Published on 2024-10-07
Experian wants you to carry its debit card around . Be wary
Experian s Smart Money debit card, marketed as a way to build credit without the debt, raises questions about its true value and purpose. While the card itself doesn t offer unique credit-boosting features, it s closely tied to Experian s Boost service, which aims to help individuals with limited or poor credit histories improve their scores. Boost scans debit card transactions for regular bill payments, potentially demonstrating financial responsibility to future lenders. However, the effectiveness of Boost is limited, with only 13 points of average increase in FICO scores for those who see an improvement. Despite its potential benefits, Boost may not be useful for many of the 15 million users who have enrolled, as they may not experience significant credit score improvements. Moreover, Experian s business model involves selling consumer data to lenders, which can be seen as a trade-off for the free services offered. In summary, while Experian s Smart Money debit card and Boost service may seem like a solution for building credit without debt, their actual impact on credit scores is limited. Additionally, the company s data-selling practices raise concerns about the true value of the free services provided. Consumers should carefully consider the potential benefits and drawbacks before enrolling in these offerings. <|end|>
Source: westhawaiitoday.com
Published on 2024-10-07
Financiers : Family Offices Worldwide are Queuing to Invest in E & P
Family offices worldwide are rapidly investing billions in energy and exploration and production (E&P) companies, particularly in the U.S., to fill the void left by public-facing investors exiting the sector due to anti-carbon mandates. Tailwater Capital, for instance, raised $900 million from six family offices in eight weeks, highlighting the speed and scale of these investments. The interest from family offices, including those in Europe, the Middle East, and Asia, is driven by the demand for low-risk, high-yield returns and the belief that hydrocarbons will remain a significant part of the energy mix for the foreseeable future. Despite the growing interest, family offices are cautious and prefer to invest for the long term with lower risk. They are often more interested in heavy-drilling deals and are willing to follow rather than lead in investment decisions. The investment gap left by the exodus of capital since the late 2010s is significant, and family offices alone are unlikely to fully replace the capital that has left the sector. Public equity remains a large pool of capital to replace, and many domestic family offices are hesitant to engage with the sector. The need for capital in the E&P sector is still high, with significant investment required to develop primary and secondary basins. The growing demand for natural gas to fuel power generation and U.S. LNG export capacity further underscores the need for investment. While family offices are contributing to the sector, their investments are not yet filling the void left by public-facing investors. The energy transition is expected to take time, and family offices are positioning themselves to capitalize on the long-term demand for hydrocarbons. <|end|>
Source: hartenergy.com
Published on 2024-10-07
Footasylum embarks on £35m growth spurt - Prolific North
Footasylum, a UK-based omnichannel retailer specializing in footwear and sportswear, is set to accelerate its growth with a £35m Revolving Credit Facility from HSBC UK. The funding will support the company s expansion plans across the UK and internationally, as well as its sustainability initiatives. The funding package includes a Sustainability Improvement Loan (SIL) that ties borrowing costs to Footasylum s sustainability performance, monitored through an EcoVadis ESG rating. The company aims to achieve carbon net zero for scope 1 and 2 emissions by 2030 and scope 3 by 2040. Footasylum s expansion plans involve opening new stores in Aberdeen, Warrington, Doncaster, Rotherham, and Wrexham, with the Merry Hill store set to triple in size. These expansions are expected to create over 100 new jobs and support the company s sustainability efforts, such as offsetting carbon emissions and using recycled materials for carrier bags. The RCF funding will also enable Footasylum to enhance its technology capabilities, particularly its omnichannel retail solution, and support the development of its exclusive brands. Additionally, the funding will help the company grow its influencer marketing strategy. With over 61 stores nationwide and a social media following of 5.8 million, Footasylum has achieved record-breaking revenues of £319.5m for the year to 27 January 2024. The company s profit before tax rose by 112%, driven by strong performances in its Online and Wholesale divisions. In summary, Footasylum s £35m Revolving Credit Facility from HSBC UK will fuel the retailer s growth plans, sustainability initiatives, and technology enhancements, while creating new job opportunities and expanding its social media presence. <|end|>
Source: prolificnorth.co.uk
Published on 2024-10-07
Glasgow 2026 Commonwealth Games jobs launched including search for CEO
The Glasgow 2026 Commonwealth Games are set to proceed with a £100 million compensation package, ensuring minimal public funding despite a short turnaround time. The event will feature fewer sports than the 2014 edition, and a recruitment drive is underway for key executive positions to shape a sustainable, scaled-down event. This initiative aims to establish a blueprint for future large-scale events, with roles for chief information officers, chief marketing and communications officers, and non-executive directors. Glasgow has a strong track record of hosting international events, including the 2021 United Nations Climate Change Conference (COP26), the 2018 European Championships, and the inaugural UCI Cycling World Championships in 2023. The city s political and hospitality leaders have praised the decision to bring the Commonwealth Games back to Glasgow, viewing it as a potential economic boost. Douglas Adam, a Director at Livingston James, emphasizes the importance of strong leadership skills and experience in creating and delivering major events on tight budgets. The roles require candidates with a proven record of innovation, quick event delivery, and a firm grasp of modern ESG requirements. The successful candidates will have the opportunity to leave a lasting impact on the future of the Commonwealth Games and help elevate Glasgow and Scotland s global standing in hosting large-scale international events. For more information on the roles, interested parties can visit ljg-jobs.com/glasgow-2026-commonwealth-games/Livingston James. <|end|>
Source: heraldscotland.com
Published on 2024-10-07
Globe Climate : What happens to Alberta wild horses ?
The main conclusion from the article is that the controversy over whether a two-year-old beaver named Nibi should remain with her rescuers or be released into the wild has led to the issuance of a permit by the state of Massachusetts, allowing her to stay at Newhouse Wildlife Rescue as an educational animal. The article also highlights various climate and environmental news, including U.S. politics, tree planting, energy, conservation, and deeper dives into topics like Alberta s feral horses and salmon farming in B.C. The article begins by inviting readers to sign up for Globe Climate, a newsletter focused on climate change, environment, and resources in Canada. The controversy surrounding Nibi, the two-year-old beaver, is introduced, with the governor of Massachusetts stepping in to protect her. The rescuers desire to keep Nibi with them is supported by her social media popularity and an online petition. The article then shifts to other news, covering topics like U.S. politics and natural disasters, tree planting, Alberta s oil sands companies, beluga whale conservation, Halifax s climate property tax, and salmon farming in B.C. In the section on Alberta s feral horses, the article delves into the history of protests against the government-sanctioned cull of these animals, led by Darrell Glover. The article emphasizes the ongoing struggle to protect the horses, which are not legally protected like other wild herds in Canada. The government s argument that the horses are damaging pastureland and contributing to ecological decline is countered by Glover, who points to other animals and campers as the real culprits. The article concludes with a call to action for readers to sign up for Globe Climate and to share their thoughts on the newsletter. It also provides contact information for readers to send their questions or recommendations. In summary, the article discusses the controversy surrounding Nibi, the beaver, and her future, while also providing updates on various climate and environmental issues. The main conclusion is that Nibi will remain with her rescuers as an educational animal, thanks to a permit issued by the state
Source: theglobeandmail.com
Published on 2024-10-07
Greenwashing backlash hinders ESG investment in US - Professional Wealth Management
The main conclusion from the article is that US alternative investment managers are lagging behind their European counterparts in meeting ESG standards, with Europe leading the way. Despite progress in ESG management processes globally, the US faces challenges due to regulatory pushback and differing investor pressures. The article highlights the bipolar environment and the impact of the war in Ukraine on ESG backlash. Additionally, there is an increase in greenhouse gas emission monitoring and awareness of DEI among private equity managers. In the first paragraph, the article discusses the overall progress in ESG management processes, with Europe leading the way and the US progressing more slowly. The article cites LGT s ESG report, which shows an increase in private equity managers with robust ESG management processes from 27% in 2014 to 73% today. The second paragraph focuses on the differences between the US and Europe in terms of ESG commitment. Europe has an 87% rate of managers rated as excellent or good, while only 16% of US managers achieved this rating. The article attributes these differences to historical reasons, with Europe embracing stakeholder capitalism and the US favoring shareholder capitalism. The third paragraph delves into the challenges faced by US managers in engaging with ESG topics due to regulatory pushback and differing investor pressures. The article mentions the introduction of anti-ESG bills and resolutions in US states and the pressure from northern European pension plans. In the fourth paragraph, the article discusses the complex and bipolar environment that makes it difficult for ESG progress. It highlights the reversal of climate commitments by companies and investment firms and the retreat of the UK from key climate goals. The final paragraph emphasizes the importance of the forthcoming US election and the need for decarbonization. The article also notes the increase in greenhouse gas emission monitoring and the growing awareness of DEI among private equity managers. In summary, while ESG management processes have improved globally, US alternative investment managers are lagging behind Europe due to regulatory challenges and differing investor pressures. The article highlights the need
Source: pwmnet.com
Published on 2024-10-07
GSMA M360 MENA 2024 Opens Registration For Its First - Ever Doha Edition
The GSMA has announced M360 MENA 2024, a significant event set to take place in Doha, Qatar, from November 18-19, 2024. This event, hosted by the Ministry of Communications and Information Technology of Qatar and Ooredoo, aims to bring together industry leaders, policymakers, and innovators to discuss the future of the MENA region s digital economy, focusing on AI, 5G, and strategic partnerships. The event will feature keynote speeches from prominent figures such as Qatar s Minister of Communications and Information Technology, His Excellency Mohammed bin Ali Al Mannai, GSMA s Director General Mats Granryd, and Ooredoo Qatar s CEO Sheikh Ali Bin Jabor Bin Mohammad Al Thani. They will discuss the transformative power of 5G, AI, and the API economy in shaping the region s digital future. M360 MENA will also showcase collaborations driving digitization across industries, with speakers from various sectors, including sustainability, marketing, and technology. The event will host a range of exhibitors and sponsors, including China Mobile, Comarch, iHorizons, and Protei. The GSMA s M360 series of global events aims to unify the regional mobile ecosystem, discovering, developing, and delivering innovation that serves as the foundation for positive business environments and societal change. The event marks a significant milestone for the MENA region, highlighting its role as a global digital hub and showcasing the transformative potential of AI, 5G, and next-generation technologies. To secure their place, attendees can register to attend the event, which promises to be a platform for exchanging insights, forming digital partnerships, and accelerating innovative technology adoption. The event is expected to drive the digital economy in the MENA region, with predictions of growth from $180 billion to $780 billion by 2030. <|end|>
Source: menafn.com
Published on 2024-10-07
IAPH showcases its future fuels tool
The International Association of Ports and Harbors (IAPH) showcased its new digital Port Readiness Level for Marine Fuels (PRL-MF) self-assessment tool at the Clean Energy Ministerial (CEM15) in Brazil, aligning with the G20 Energy Transition Agenda. Eduardo Kantz, ESG and institutional relations officer of Prumo Logística, highlighted the tool s significance in advancing sustainable marine fuel practices. The PRL-MF self-assessment tool is part of IAPH s efforts to support the G20 Energy Transition Agenda, which aims to promote clean energy and reduce carbon emissions. The tool enables ports to evaluate their readiness in adopting future fuels and sustainable practices, fostering a more environmentally friendly maritime industry. During the CEM Hubs event, Kantz emphasized the importance of the PRL-MF tool in driving the transition towards cleaner marine fuels. By providing a standardized framework for ports to assess their capabilities, the tool encourages collaboration and knowledge sharing among port authorities. This, in turn, helps to accelerate the adoption of sustainable practices and fuels in the maritime sector. The introduction of the PRL-MF tool at the CEM15 event demonstrates IAPH s commitment to supporting the G20 Energy Transition Agenda and promoting sustainable development in the maritime industry. As ports around the world strive to reduce their carbon footprint and embrace cleaner energy sources, the PRL-MF tool will play a crucial role in facilitating this transition and ensuring a more sustainable future for the global shipping industry. <|end|>
Source: portstrategy.com
Published on 2024-10-07
IFC extends $500 mn loan to Axis Bank to fund green projects in India
The International Finance Corporation (IFC) has partnered with Axis Bank to provide a USD 500 million loan aimed at developing India s blue finance market and increasing funding for green projects. This marks IFC s first blue investment in India and the largest green financing initiative in the country. The funding will enable Axis Bank to expand its climate finance portfolio, addressing the need for private sector investment in sustainable infrastructure due to limited public funding. The blue loan will catalyze private sector investment in emerging asset classes and foster a sustainable blue economy. IFC Managing Director Makhtar Diop emphasizes the significance of India as a testing ground for innovative climate adaptation approaches. Axis Bank s Managing Director and CEO Amitabh Chaudhry highlights the importance of sustainable lending practices in the face of climate change and the bank s commitment to supporting India s climate agenda. Axis Bank has already committed to incremental financing of Rs 60,000 crore (approximately USD 7.2 billion) in ESG-aligned sectors by 2030, with Rs 30,000 crore (approximately USD 3.1 billion) achieved by March 2024. The bank has been a pioneer in sustainable financing, issuing the first green US dollar bond in 2016 and the first sustainable US dollar AT1 bond from India in 2021. The IFC-Axis Bank partnership aims to promote resource-efficient growth, create jobs, and protect critical clean water resources while supporting India s climate goals. The blue loan will address the substantial opportunity to enhance water and energy efficiency in India s rapidly urbanizing and growing economy. The water and wastewater treatment market is expected to reach USD 3 billion by 2029, and the green building sector presents an investment opportunity of USD 1.4 trillion by 2030. In summary, the IFC and Axis Bank collaboration will drive private sector investment in India s blue finance market and green projects, contributing to sustainable growth,
Source: business-standard.com
Published on 2024-10-07
Institutional investors incorporate climate issues but worry about return impact , new study shows
The main conclusion from the article is that State Street conducted a comprehensive survey targeting over 300 asset owners from Europe, the Middle East, and Africa to gather insights on climate-related themes. State Street, a prominent investment management firm, recently commissioned a survey involving more than 300 asset owners from various regions, including Europe, the Middle East, and Africa. The primary objective of this survey was to delve into the perspectives and concerns of these asset owners regarding climate change and its impact on investment strategies. The survey aimed to understand the level of awareness and preparedness among asset owners in addressing climate-related risks and opportunities. It also sought to identify the key factors that influence their decision-making processes when it comes to incorporating Environmental, Social, and Governance (ESG) considerations into their investment portfolios. The findings from this survey are expected to provide valuable insights for State Street and other investment firms, enabling them to better align their investment strategies with the evolving demands of the market. By understanding the perspectives of asset owners on climate change, State Street can develop more effective ESG-focused investment solutions that cater to the needs of their clients. Furthermore, the survey results may also shed light on the potential challenges and opportunities that asset owners face in integrating climate considerations into their investment decisions. This knowledge can help State Street and other investment firms to develop targeted support and resources for their clients, ultimately fostering a more sustainable and resilient investment landscape. In conclusion, State Street s survey of over 300 asset owners across Europe, the Middle East, and Africa on climate themes aims to gather crucial insights on the role of ESG considerations in investment strategies. The findings from this survey will not only benefit State Street but also contribute to the broader understanding of climate-related risks and opportunities in the investment industry. <|end|>
Source: businesspost.ie
Published on 2024-10-07
Ittihad receives provisional AAA ESG Rating from MSCI
Ittihad International Investment, a diversified investment conglomerate, has achieved a provisional AAA ESG rating from MSCI, positioning it among the most sustainable industrial conglomerates globally. The company s portfolio spans four key verticals: Consumer Goods Manufacturing, Infrastructure and Building Materials Manufacturing, Business Services, and Healthcare Services. This top-tier rating places Ittihad among the top five industrial conglomerates in the MSCI All Country World Index (ACWI), highlighting its status as one of the highest-ranked UAE-based industrial groups in 2024. The company s commitment to sustainability is evident in its focused approach to managing ESG-related risks and opportunities at all business levels. CEO Amer Kakish emphasizes the significance of this achievement, aligning operations with local and global efforts to drive environmental and social progress while creating sustainable value for stakeholders. Ittihad s growth strategy is in line with the UAE s Operation 300bn initiatives, aimed at advancing the industrial sector and diversifying the national economy. The company generates 4% of the UAE s non-oil manufacturing sector exports, supplying products and services to over 50 countries globally. Qais Saif, ESG and Sustainability Director at Ittihad, attributes the achievement to the company s dedication to advancing ESG practices and governance. The company has embedded ESG principles across its operations, fostering a cohesive approach across all subsidiaries. By harnessing cutting-edge technologies and investing in its people, Ittihad is committed to driving sustainable growth and making a meaningful impact. The AAA ESG rating is the result of an intensive process involving the development and implementation of a comprehensive ESG Framework and the publication of the Company s inaugural Sustainability Report for the year 2023. This milestone marks a significant step in Ittihad s sustainable journey, providing a platform for further growth in the coming years. TradeArabia
Source: tradearabia.com
Published on 2024-10-07
LAVA Facilitates Sale of Amelio Solar Energy to Good Energy
The successful sale of Amelio Solar Energy, a Lincolnshire-based solar power company, to Good Energy, a renewable energy provider, represents a significant advancement in the UK s access to sustainable energy. This transaction, managed by LAVA Advisory Partners, showcases the firm s dedication to environmental, social, and governance (ESG) principles and its tailored approach to deal preparation and negotiation. Amelio Solar Energy, founded by Richard Jones, has been instrumental in promoting clean energy, having installed over 20MWp of Solar PV to support various sectors. Jones, impressed by LAVA s personalized approach, sought a smooth transition without disrupting operations. LAVA s expertise in ESG-aligned transactions and their ability to meet financial and timing requirements made them the ideal partner for this sale. Good Energy s cultural alignment and interest in expanding their commercial solar installation portfolio, along with their geographic complementarity, positioned them as the perfect fit for Amelio. The acquisition not only strengthens Good Energy s position in the UK renewable market but also highlights the growing importance of solar energy in the country s energy transition. Post-transaction, Jones will oversee the integration process to ensure a seamless transition for the company under Good Energy s ownership. This deal is expected to enhance sustainable energy offerings for both residential and commercial sectors across the UK, with LAVA s commitment to designing tailored processes that exceed client expectations. In summary, the sale of Amelio Solar Energy to Good Energy marks a significant step in the UK s sustainable energy landscape, driven by LAVA s commitment to ESG principles and their ability to deliver tailored solutions for their clients. The acquisition is expected to bolster Good Energy s renewable energy portfolio and contribute to the country s energy transition. <|end|>
Source: financial-news.co.uk
Published on 2024-10-07
Logitech International S . A . : Underpinned by a support level
The editorial team s analysis of the company, as of October 7, 2024, highlights a mix of strengths and weaknesses, presenting a nuanced view of its investment potential. The company boasts strong fundamentals, with over 70% of its peers lagging in growth, profitability, debt, and visibility. This positions the company favorably from a short-term perspective. Strengths: - The company s solid financial health provides ample room for investment. - Analysts have progressively raised their EPS forecast for the upcoming fiscal year, indicating optimism about profitability. - Recent EPS revisions have been promising, with analysts now expecting higher profitability levels. - The average price target set by analysts has seen a significant upward revision over the past four months. - Historically, the company has consistently surpassed expectations with its figures. Weaknesses: - The potential for EPS growth in the near future appears constrained according to current analyst estimates. - The company s valuation is high relative to its balance sheet size. - It does not pay dividends, making it unsuitable for investors seeking yield. - Analysts price targets vary widely, suggesting differing opinions on the company s valuation. The content serves as a general investment recommendation, based on factual data and a balanced opinion. It is not investment advice and may not be suitable for all investors. The company s investment potential should be evaluated considering the inherent risks, which the reader assumes full responsibility for. Surperformance discloses any conflicts of interest to maintain objectivity in its recommendations. <|end|>
Source: marketscreener.com
Published on 2024-10-07
MEADFA gives update on upcoming conference and sustainability charter
The MEADFA Board at a recent press conference highlighted the importance of collective action within the Duty Free and Travel Retail (DF&TR) industry, particularly in defending against claims of its contribution to illicit tobacco trade. The conference, held at the TFWA World Exhibition & Conference, saw double the pre-registration numbers compared to previous years, with a total of 336 attendees. Sherif Toulan, President of MEADFA, expressed optimism for the industry despite geopolitical challenges, noting increased travel demand in key hubs like Doha and Dubai. Toulan emphasized the need for robust advocacy to counter false claims of the industry s involvement in illicit trade, with the MEADFA Advocacy Working Group playing a crucial role. Rob Marriott, CEO of ARIME, echoed this sentiment, stressing the importance of intelligence and cross-category collaboration. Munif Mohammed, CEO of Lagardère Travel Retail Saudi Arabia, announced the development of a sustainability charter by MEADFA. The charter aims to define the industry s position on environmental, social, and governance (ESG) issues, with a focus on promoting sustainable products. The majority of the industry s carbon footprint comes from the products sold, and the charter will set qualifying standards for manufacturers and retailers to promote more sustainable products. In summary, the MEADFA Board s press conference underscored the industry s commitment to collective action, advocacy, and sustainability. The conference s record attendance and the announcement of a new sustainability charter demonstrate the industry s dedication to addressing challenges and promoting responsible practices. <|end|>
Source: trbusiness.com
Published on 2024-10-07
Rock Tech Announces Closing of Non - Brokered Private Placement
Rock Tech Lithium Inc. has successfully closed a private placement, issuing 2,761,498 units at $1.20 per unit, raising $3,313,798 for the company. The units were subscribed by existing shareholders and new investors, including investment companies and family offices from Europe. The funds will be used to finance the North American Converter project, the development of the company s recycling strategy, and general corporate purposes. The company also paid finder fees of $28,440 for the placement. Rock Tech s strategy includes building lithium converters at customer locations, starting with the proposed Lithium Hydroxide Converter in Guben, Germany, and a second converter in Red Rock, Ontario, Canada. The company plans to source raw material from its own Georgia Lake spodumene project in Ontario, Canada, and other ESG-compliant mines. The company s vision is to supply the electric vehicle and battery industry with sustainable, locally produced lithium, targeting a 100% recycling rate. Rock Tech has assembled a strong team to address the critical gap in the clean mobility story. The company has adopted strict environmental, social, and governance standards and is developing a proprietary refining process to increase efficiency and sustainability. The company s forward-looking statements include expectations about the use of proceeds from the offering, the listing of the unit shares on the TSX-V, discussions with strategic and financial investors, and the company s business strategy, development, and exploration opportunities. These statements are based on assumptions and estimates, and the company disclaims any responsibility to update or revise them. Rock Tech Lithium Inc. is a private company, and its securities have not been registered under the U.S. Securities Act or any state securities laws of the United States. The unit shares have been conditionally accepted for listing on the TSX-V, subject to final acceptance. All dollar amounts in the news release are expressed in Canadian dollars. <|end|>
Source: prnewswire.com
Published on 2024-10-07
Sai Life Sciences releases Sustainability Report 2024
Sai Life Sciences, a rapidly expanding Indian Contract Research, Development, and Manufacturing Organization (CRDMO), has released its Sustainability Report for 2023-2024, emphasizing the integration of sustainability, performance, and growth. The report, adhering to the Global Reporting Initiative (GRI) Universal Standards 2021 framework, highlights the company s commitment to climate action and sustainable development goals (SDGs). CEO Krishna Kanumuri announced that Sai Life Sciences has achieved significant progress in reducing greenhouse gas emissions, increasing renewable energy consumption to over 50%, and lowering specific water usage. The company has also exceeded its CSR goal of providing education and livelihoods to 8,000 individuals from underprivileged communities. Sai Life Sciences has made notable strides in advancing its sustainability agenda, including joining the Science Based Targets initiative (SBTi) to combat climate change, becoming the first India-headquartered company to join the Pharmaceutical Supply Chain Initiative (PSCI) membership, and strengthening its culture of Health & Safety. The company has also received several prestigious awards for its excellence in Environment, Health, and Safety (EHS) practices and energy management. With a workforce comprising 14.3% women, Sai Life Sciences has demonstrated a commitment to diversity and inclusion. The company has 2,845 employees across its facilities in India, the UK, USA, and Japan. In summary, Sai Life Sciences has made significant progress in sustainability and performance, aligning with its SDGs and demonstrating a strong commitment to environmental, social, and governance (ESG) targets. The company s efforts in reducing emissions, increasing renewable energy usage, and supporting underprivileged communities have set a strong foundation for continued growth and sustainability. <|end|>
Source: globenewswire.com
Published on 2024-10-07
Scrapped Hawke Bay dam project may be revived under fast - track bill
The Fast-track Approvals Bill could potentially revive the controversial Ruataniwha Dam project in Hawke s Bay, despite a previous Supreme Court ruling against it. The Tukituki Water Security Project aims to ensure sufficient water supply and protect rivers in the region, but faces opposition due to environmental concerns. The project, now owned by a private entity, is working on a new business case and seeks private investors rather than public funds. Environmental groups, however, argue that the project would harm native species and exacerbate water pollution and usage. Advocates for the dam believe it would solve many community problems, especially in light of climate change and water scarcity. The bill is expected to be passed into law by the end of the year. <|end|>
Source: rnz.co.nz
Published on 2024-10-07
Shopping sustainably
The main conclusion from the article is that our everyday consumer habits, such as shopping for groceries and coffee, contribute to a larger systemic issue of environmental degradation and unsustainable resource extraction. The author argues that the convenience of instant gratification through credit card transactions masks the environmental and social costs of production. The article highlights the paradox of green products and the phenomenon of greenwashing, where businesses market their products as environmentally friendly without addressing the underlying unsustainable practices. It calls for increased awareness and a shift in consumer behavior to truly address the environmental impacts of our consumption patterns. The article begins by describing the routine of using credit cards for daily purchases, emphasizing the ease and immediacy of obtaining goods. It then delves into the broader implications of this consumer culture, where the constant extraction of natural resources to produce and transport goods is often overlooked. The author points out the unsustainable nature of this system, as it relies on the degradation of land and ecosystems to meet our needs. The article then explores the concept of green products, such as electric vehicles, and the hidden environmental costs associated with their production. It highlights the energy-intensive process of lithium extraction and the negative impacts on water resources, pollution, and habitat loss. The author argues that these cleaner options are often misleading, as they fail to address the root causes of environmental degradation. The article also discusses the issue of greenwashing, where businesses falsely label their products as environmentally friendly to attract consumers. This phenomenon further obscures the true environmental impact of our consumption habits. The author suggests that this false sense of sustainability does not solve the underlying problem of continual resource extraction. Finally, the article calls for increased awareness and a shift in consumer behavior to address the environmental impacts of our consumption patterns. It emphasizes the need for individuals to critically examine their own consumption habits and consider more sustainable alternatives. The author concludes by urging readers to think about the ways in which they shop and how they can contribute to a more sustainable future. In summary, the article highlights the uns
Source: dailycal.org
Published on 2024-10-07
Sino - European Corporate ESG Best Practice Conference Recognizes China Taicang High - Tech Zone For Its Sino - German Collaboration , Driving ESG Development
The Frankfurt-based Sino-European Corporate ESG Best Practices Conference recently honored Taicang High-Tech Industrial Development Zone (THIDZ) in Jiangsu Province, China, as the Best ESG Community in Sino-European Economic and Trade Cooperation. THIDZ, established in 1993, has been a pioneer in promoting sustainable development, corporate social responsibility, and governance within the park. Over the past 28 years, it has fostered a unique model of Sino-German corporate collaboration, focusing on key components for new energy vehicles, machine tools, and aerospace industries. The zone has successfully attracted over 500 German companies, with total investments surpassing USD 6 billion, generating an annual industrial output of more than RMB 60 billion. THIDZ emphasizes green technology and environmental protection, as demonstrated by the Sino-German Energy Efficiency Network project launched in June 2021, which has significantly improved energy efficiency and reduced carbon emissions. The zone is now planning to establish a carbon emissions monitoring system to further enhance energy conservation and emission reduction efforts. In addition to fostering innovation, THIDZ has made significant strides in vocational education. The first Sino-German dual education and training project was signed in 2001, marking the beginning of localized implementation of Germany s dual vocational education system. After more than 20 years of continuous effort, this system has become a hallmark of the zone s industrial development and talent cultivation. THIDZ has also continuously improved its business environment, elevating corporate governance standards. The zone has introduced various policies to support enterprise development, prioritizing services for enterprises. The jury of the Sino-European Corporate ESG Best Practices Conference praised THIDZ as a model community for Sino-German cooperation, highlighting its success in industrial collaboration, talent development, cultural integration, and green growth. In conclusion, Taicang High-Tech Industrial Development Zone stands as a testament to the potential of Sino-German cooperation, showcasing a successful model of sustainable development, corporate responsibility, and
Source: pollutiononline.com
Published on 2024-10-07
SJM Resorts boosts Macau corporate travel at Trip . Biz summit
The main conclusion from the article is that SJM Resorts, a leading integrated tourism and leisure enterprise, has partnered with Trip.Biz at the Seoul summit to promote Macau as a top destination for corporate travelers. This collaboration aims to showcase Macau s unique offerings and align with the Macau SAR Government s push for technology-driven tourism. SJM Resorts, with over 60 years of experience in Macau, operates the Lisboa brand of hotels and resorts, including the Grand Lisboa Palace Resort Macau, the only integrated resort in the world with two fashion-branded hotels under one roof. The company actively promotes Macau s culture and attractions, supporting the Macau government s vision of establishing Macau as a World Centre of Tourism and Leisure. The partnership with Trip.Biz provides corporate travelers with seamless and consistent travel solutions, showcasing SJM s luxurious offerings from five-star accommodations, award-winning dining, to versatile banqueting and meeting venues. Trip.Biz, a corporate travel management brand under Trip.com Group, offers all-in-one digital business travel solutions and the latest Trip.Biz Product Matrix to a global audience. The Trip.Biz Product Matrix features six core offerings: Trip.Biz OBT & App, Trip.Biz Reporting, Trip.Biz Payment, Trip.Biz Desk, Trip.Biz ESG, and Trip.Biz Care. These innovations address the evolving needs of modern global business travel on all fronts. Daisy Ho, Managing Director of SJM, emphasizes the company s commitment to supporting Macau s development as a World Centre of Tourism and Leisure by creating diversified Tourism+ products that showcase Macau s unique charm and cultural heritage. The collaboration between SJM and Trip.Biz aims to drive innovation and enrich the visitor experience through advanced technologies, as seen in attractions like AI Wonderland and Martial Art
Source: traveldailynews.asia
Published on 2024-10-07
The Million - Dollar Opportunity in Sustainable Aviation Fuel
The main conclusion from the article is that sustainable aviation fuel (SAF) is a rapidly growing industry with significant investment from both private and public sectors. Entrepreneurs have multiple opportunities to capitalize on this trend through various avenues such as supply chain involvement, sustainable business travel software, and consumer products. The article highlights the increasing demand for SAF as a cleaner alternative to traditional jet fuel, with major airlines and the Biden-Harris administration investing in its development. The goal is to reach 100% SAF usage by 2050, from the current 1%. One idea for entrepreneurs is to focus on the supply chain of SAF. This can involve becoming a clean energy broker, developing logistics software, or specializing in SAF compliance. By identifying market gaps and optimizing the production and distribution process, businesses can contribute to the growth of the SAF industry. Another opportunity lies in the realm of sustainable business travel software. With growing concerns about the environmental impact of air travel, entrepreneurs can create platforms that help travelers book more sustainable flights. Partnering with companies that frequently travel and offering incentives like carbon offset credits can tap into a significant market. Lastly, the article suggests leveraging ESG data to produce consumer products that promote environmental causes. This can include budgeting apps, credit cards, and sustainable travel gear. By educating consumers on the importance of SAF and investing in emerging projects, entrepreneurs can influence the industry and contribute to its growth. In summary, the article presents various opportunities for entrepreneurs to get involved in the SAF industry. By focusing on the supply chain, sustainable business travel software, and consumer products, businesses can contribute to the growth of this rapidly expanding sector and capitalize on the increasing demand for cleaner aviation fuel. <|end|>
Source: blog.hubspot.com
Published on 2024-10-07
UBS Group AG : The underlying trend is in force again
The editorial team s analysis of the company, based on its Refinitiv ESG score and financial performance, reveals a mixed outlook. The company boasts high margins and profits, with analysts frequently revising upward their earnings per share (EPS) estimates. It has a history of releasing positive results with significant surprise rates. However, there are concerns about the company s future growth, as sales are expected to remain sluggish, and the anticipated EPS growth for the upcoming years is notably weak. Additionally, the sales outlook has been lowered in the past year, indicating a decline in activity and pessimistic analyses. The average consensus view of analysts has also deteriorated over the past four months, with significant revisions downwards in the last year. This investment recommendation is based on factual elements and a sincere, complete, and balanced opinion. It relies on internal or external data considered reliable as of the date of their release. However, the information may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. The recommendation is not suitable for all investor profiles, and the reader assumes full responsibility for any investment decisions. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations. In summary, while the company has strong financial performance and positive analyst sentiment, there are concerns about its future growth and a decline in activity. Investors should carefully consider these factors before making investment decisions. <|end|>
Source: marketscreener.com
Published on 2024-10-07
UK Regulation Round - Up : September 2024 Financial Updates
The UK Regulation Round Up for September 2024 highlights key developments in financial services regulation, including the implementation of the Digital Securities Sandbox by the Bank of England and the Financial Conduct Authority (FCA), and the European Banking Authority s (EBA) work programme for 2025. The European Securities and Markets Authority (ESMA) announced the selection of consolidated tape providers for bonds, shares, and exchange-traded funds. The FCA updated its webpage on the repeal and replacement of assimilated law, while the European Commission adopted a Delegated Regulation containing regulatory technical standards for handling complaints related to cryptoassets under MiCA. The FCA also published its regulation round-up for September, discussing topics such as AI in financial services, the UK listing regime, and enforcement. Other significant developments include the establishment of the Artificial Intelligence Consortium by the Bank of England, reforms to retail disclosure requirements, and the publication of a corrigendum to ELTIF 2.0. The FCA reviewed firms implementation of the Consumer Duty, and HM Treasury published statements on investment trust disclosure requirements. The Prudential Regulation Authority (PRA) proposed changes to the UK Capital Requirements Regulation and updated the UK policy framework for capital buffers. The PRA also published a policy statement on the implementation of Basel 3.1 standards. The European Commission released a report on the future of European competitiveness, and the FCA published a statement on temporary measures for firms on its naming and marketing sustainability rules. In summary, the UK Regulation Round Up for September 2024 covers a range of developments in financial services regulation, including digital securities, cryptoassets, AI, and capital requirements. These developments aim to enhance the stability, transparency, and efficiency of the financial system in the UK and the EU. <|end|>
Source: natlawreview.com
Published on 2024-10-07
Unethical practices stall Zimbabwe development
The main conclusion from the article is that unethical practices and poor corporate governance are key factors hindering Zimbabwe s development. The inaugural ESG & Sustainability Conference in Nyanga highlighted the need for improved ethical behavior within organizations to drive sustainable development. William Mandisodza, CEO of the Institute of Chartered Accountants of Zimbabwe (Icaz), stressed the importance of leaders modeling ethical conduct to foster a culture of compliance and sustainable development. He warned that unethical behavior at the top level, such as fraudulent expense claims, can lead to a culture of non-compliance among employees. The Institute of Directors Zimbabwe (IoDZ) emphasized the role of ethical leadership in cultivating a culture of accountability and retention among employees. They criticized leaders for exploiting resources while neglecting local communities and called for the application of ESG principles in resource management and infrastructure development. The conference participants committed to promoting ethical practices within organizations to reshape Zimbabwe s corporate landscape and contribute to the nation s development. The call for responsible resource management and infrastructure development was highlighted, with a comparison to Australia s concession requirements, emphasizing the need for change in Zimbabwe s lithium mines. In summary, the article underscores the urgent need for ethical leadership and corporate governance in Zimbabwe to drive sustainable development and address the exploitation of resources and neglect of local communities. The conference participants pledged to promote ethical practices within organizations to reshape the nation s corporate landscape and contribute to its development. <|end|>
Source: bulawayo24.com
Published on 2024-10-07
Year of war creates cracks in Israel borrowing strength
Israel s economy is facing significant strain due to the prolonged war, with rising borrowing costs threatening its financial stability. The war in Gaza has already cost Israel around 100 billion shekel ($26.3 billion) in direct funding through August, with the Bank of Israel projecting a potential increase to 250 billion shekel by the end of 2025. This escalation, including Israel s incursion into Lebanon, has led to credit rating downgrades and a near-record high in the cost of insuring Israel s debt against default. The war s financial impact is evident in the country s worsening sovereign debt metrics, with the debt-to-GDP ratio reaching 67% and the government deficit surging to 8.3% of GDP. Despite the robust domestic market and international investors familiarity with Israel s credit, there is a growing concern over the environmental, social, and governance (ESG) implications of the war, leading to a narrowed investor base and increased interest in offloading bonds. The war has also affected foreign investment, with a 29% drop in 2023 and a decline in global funds ownership of Israeli stocks to its lowest in a decade. The government has responded by pledging $160 million to boost venture capital funding for the tech sector, which accounts for 20% of the economy. However, the war s unpredictable impact on foreign direct investment remains a concern. The economic pressure from the war has hindered Israel s agriculture and construction sectors, with the latter being a key factor in the 20% plunge in economic growth in the fourth quarter of the previous year. Despite these challenges, Israel has managed to raise funds through international capital markets and its diaspora bond vehicle, targeting a second annual record haul above $2.7 billion. In summary, Israel s economy is grappling with the financial consequences of the ongoing war, with rising borrowing costs, credit rating downgrades, and a narrowed investor base posing significant challenges. The government s efforts to support local investment and consolid
Source: thehindu.com
Published on 2024-10-07
Your organisation has committed to achieve net zero : Now what ?
The main conclusion from the article is that the effects of climate change are increasingly evident globally, prompting governments and organizations to commit to net zero emissions by 2050. Achieving these targets requires a comprehensive understanding of carbon footprints, implementation of emissions reduction plans, and transparent tracking of progress. The BSI Net Zero Pathway, which starts with independent carbon footprint verification and includes annual audits, is presented as a credible and comprehensive scheme to guide organizations on their journey to net zero. The article highlights the urgency of addressing climate change, as evidenced by recent extreme weather events in various parts of the world. In response, governments worldwide have set ambitious targets to limit the worst impacts and reverse environmental damage. The UK government, for instance, has committed to a 78% reduction in emissions by 2035 compared to 1990 levels. Organizations are encouraged to take action to meet these targets, but the process is complex and challenging. It involves understanding carbon footprint calculations, devising and implementing emissions reduction plans, and avoiding greenwashing. The article emphasizes the importance of credibility, which is built on trust through actions and performance. Transparency is crucial for both business success and climate action. The BSI Net Zero Barometer Report 2023 reveals that 94% of consumers consider proper verification of environmental claims important, and 73% are willing to spend more with sustainable organizations. The BSI Net Zero Pathway is presented as a solution to help organizations navigate their net zero journey. It is not a standard but an overarching scheme built on international standards and best practice guidance. The scheme starts with rigorous, independent carbon footprint verification against ISO 14064-1 requirements, ensuring accurate baselines and consideration of all relevant emissions. It also incorporates key principles from the ISO Net Zero Guidelines (IWA 42):2022, and considers planned business growth within emissions reduction plans. The article concludes by emphasizing that every organization s journey to becoming a certified net zero business will be unique. However, BSI is committed to making the process seamless and providing organizations with a clear answer
Source: businessgreen.com
Published on 2024-10-07