"Uncovering Hidden Costs: When Eco-Friendly Claims Aren't What They Seem"
Journalists key in promoting responsible mining
Journalists play a critical role in raising awareness about the effects of mining operations on the economy, environment, and local communities. David Mupamhadzi, an ESG specialist, emphasized the importance of journalists staying informed on mining trends to hold companies accountable. He advocated for journalists to build trust-based relationships with mining firms and communities, as this can lead to more open information sharing and positive media coverage. Mupamhadzi also highlighted the benefits of a strong relationship between the media, mining companies, and communities, such as improved access to new markets for responsible mining firms. He stressed the need for journalists to focus on mining companies financial reports, which contain information related to sustainability. Collaborating with the government, experts, and mining companies can lead to higher-quality, impactful articles. Ishmael Tagurenyika, a media lecturer, emphasized the role of the media in promoting sustainable mining through financial transparency. He called for journalists to detect potential tax evasion and embrace data-driven journalism to improve reporting standards. Tagurenyika also stressed the need for capacity-building workshops for journalists and consistent reporting to measure impact and ensure mining firms remain accountable for sustainable practices. The training workshop, organized by ZELA, aimed to equip journalists with the knowledge needed to report on responsible mining practices, such as environmental protection, community engagement, and health and safety standards. The initiative also seeks to identify areas for future collaboration between the media and mining companies to promote responsible mining practices in Zimbabwe. In summary, journalists are essential in driving awareness of the impacts of mining operations and promoting responsible mining practices. By staying informed, building trust-based relationships, and focusing on financial transparency, journalists can hold mining companies accountable and contribute to sustainable development in Zimbabwe.
Source: thestandard.co.zw
Published on 2024-10-04
Journalists key in promoting responsible mining - Newsday Zimbabwe
Journalists play a critical role in raising awareness about the effects of mining operations on the economy, environment, and local communities. David Mupamhadzi, an ESG specialist, emphasized the importance of journalists staying informed on mining trends to hold companies accountable. He advocated for journalists to build trust-based relationships with mining firms and communities, as this can lead to more open information sharing and positive media coverage. Mupamhadzi also highlighted the benefits of a strong relationship between the media, mining companies, and communities, such as improved access to new markets for responsible mining firms. He stressed the need for journalists to focus on mining companies financial reports, which contain information related to sustainability. Collaborating with the government, experts, and mining companies can lead to higher-quality, impactful articles. Ishmael Tagurenyika, a media lecturer, emphasized the role of the media in promoting sustainable mining through financial transparency. He called for journalists to detect potential tax evasion and embrace data-driven journalism to improve reporting standards. Tagurenyika also stressed the need for capacity-building workshops for journalists and consistent reporting to measure impact and ensure mining firms remain accountable for sustainable practices. The training workshop, organized by ZELA, aimed to equip journalists with the knowledge needed to report on responsible mining practices, such as environmental protection, community engagement, and health and safety standards. The initiative also seeks to identify areas for future collaboration between the media and mining companies to promote responsible mining practices in Zimbabwe. In summary, journalists are essential in driving awareness of the impacts of mining operations and promoting responsible mining practices. By staying informed, building trust-based relationships, and focusing on financial transparency, journalists can hold mining companies accountable and contribute to sustainable development in Zimbabwe.
Source: newsday.co.zw
Published on 2024-10-04
7 Most Undervalued Solar Stocks to Buy According to Analysts
The article highlights the potential of the global solar energy market, which is expected to grow significantly by 2034. The market is driven by sustainable energy policies, technological advancements, and increasing consumer demand. The North American region, particularly the United States, is experiencing growth in residential and utility solar installations. Meanwhile, the Asia Pacific region, led by India, is poised for continued expansion as it aims to meet renewable energy targets. The article also emphasizes the economic benefits of solar energy, with lower energy costs being a major driver for its growth. Abigail Ross Hopper, President of the Solar Energy Industries Association, notes that the solar industry s growth is not limited to California but is gaining traction in other states as well. To capitalize on this growth, the article presents a list of 7 undervalued solar stocks to buy according to analysts. The list includes JinkoSolar (NYSE:JKS), First Solar (NASDAQ:FSLR), and six other companies. These companies are chosen based on their forward P/E ratio, analyst upside potential, and hedge fund sentiment. JinkoSolar (NYSE:JKS) is a leading solar company with a focus on developing and producing photovoltaic solar products. The company has achieved new records in cell efficiency and plans to expand its global presence with a new factory in Saudi Arabia. First Solar (NASDAQ:FSLR) is a leading manufacturer of thin-film photovoltaic solar panels, catering to large-scale solar power projects worldwide. The company has seen significant revenue growth and is in the process of patenting its innovative TOPCon technology. The article concludes by highlighting the attractive valuations of these undervalued solar stocks, with their P/E ratios being below the sector median. Analysts forecast earnings growth for these companies, making them promising investment opportunities in the rapidly expanding solar energy market.
Source: insidermonkey.com
Published on 2024-10-04
Budget 2025 : Expand income tax incentives to boost high - end tourism , says hotels association Swak chairman
Malaysian Association of Hotels (MAH) Sarawak Chapter Chairman John Teo advocates for extending the income tax exemption currently granted to one to three-star hotels with Pioneer Status to four and five-star hotels. This move, he believes, will attract high-end tourists, increase national revenue, and promote sustainable practices, digital innovation, and workforce development. Teo emphasizes the need for a comprehensive and tax-efficient strategy to benefit Malaysia s tourism sector and position the country as a leading global destination. He suggests that applying the same incentives to higher-end hotels will encourage investment in sustainable and competitive practices. In addition to the tax exemption, Teo and his association members have been pushing for more tailored incentives, accelerated capital allowances, and tax reliefs for tourism industry players. These issues have been consistently raised in discussions and town hall meetings with relevant ministries since 2021. Furthermore, MAH has called for green incentives, grants, or tax relief for hotels that meet the environmental, social, and governance (ESG) certification criteria. This aligns with the Ministry of Tourism, Arts, and Culture s National Tourism Policy 2030, which promotes sustainable practices in the tourism industry. Regarding the hotel check-in and check-out time policy, Teo states that the issue of some hotels implementing a check-in time of 4pm and a check-out time of 11am is not a major concern in Sarawak. Hotel managements in the region are reportedly flexible, which helps mitigate any potential inconvenience for guests. Overall, Teo s suggestions aim to enhance Malaysia s tourism sector by providing tax incentives, promoting sustainable practices, and encouraging investment in the industry. These measures are expected to attract high-end tourists, increase national revenue, and contribute to a sustainable and competitive economy.
Source: theborneopost.com
Published on 2024-10-04
California Governor Signs Amendments to Climate Disclosure Laws | Fenwick & West LLP
California Governor Gavin Newsom has signed Senate Bill 219, amending the Climate Corporate Data Accountability Act and the Climate-Related Financial Risk Act. The amendments extend the deadline for the adoption of regulations for GHG emissions reporting to July 1, 2025, and delay the timeline for Scope 3 emissions disclosure to 2027. Reports can now be consolidated at the parent company level. The annual fee for reporting is no longer due at the time of filing. The Climate-Related Financial Risk Act still requires companies to report on climate-related financial risks by January 1, 2026, and every two years thereafter. The implementation of these laws is not stayed pending a court case. Companies should assess their compliance needs and prepare accordingly. The Voluntary Carbon Market Disclosure Act remains in effect with a compliance deadline of January 1, 2025.
Source: jdsupra.com
Published on 2024-10-04
Director / PDMR Shareholding | Company Announcement
Entain plc, a global sports betting and gaming group, announced transactions of its ordinary shares by Eminence Capital, LP, a Person Closely Associated (PCA) of Ricky Sandler, a Non-Executive Director. The transactions involved the sale and purchase of 232,844 shares at €0.01 each, with a price of 766p per share, conducted on 2 October 2024 at the CBOE - BXE platform. The sale and purchase were simultaneous cross transactions between Eminence funds and accounts, with no change in the aggregate holding of the funds and accounts managed by Eminence Capital, LP. The information provided complies with the Market Abuse Regulation (EU) No. 596/2014 and is part of English law by virtue of the European Union (Withdrawal) Act 2018. For further inquiries, contact the Company Secretary or Investor Relations at Entain plc. The company is tax resident in the UK and operates in over 30 territories, with a focus on ESG and a strong rating from MSCI. LEI: 213800GNI3K45LQR8L28 Details of the issuer, Eminence Capital, LP, and the transactions are as follows: Issuer: Entain plc LEI: 213800GNI3K45LQR8L28 Transaction details: - Financial instrument: Ordinary shares of Entain plc of €0.01 each (IM00B5VQMV65) - Nature of transaction: Share sale and purchase - Price: 766p per share - Volume: 232,844 shares - Date of transaction: 2 October 2024 - Place of transaction: CBOE - BXE platform The aggregate volume and price remained unchanged at 232,844 ordinary shares of €0.01 each and 766p consideration, respectively.
Source: investegate.co.uk
Published on 2024-10-04
Dutch fund awards major grant to Vietnamese coffee producer
The Dutch Fund for Climate and Development (DFCD) has granted Phuc Sinh Corp, a leading coffee processor and exporter in Vietnam, a substantial aid package of 575,000 EUR (630,786 USD) to support its Environmental, Social, and Governance (ESG) initiatives in the coffee production, processing, and export chain. This grant, which includes 75% in cash and technical support, is the largest ever given to a Vietnamese company by the DFCD. The DFCD, backed by a 160 million EUR budget from the Dutch Government, aims to enhance the resilience of communities and ecosystems vulnerable to climate change, with a focus on clean water, environmental sanitation, forestry, and sustainable agriculture. Phuc Sinh Corp has been recognized for its pioneering role in obtaining the Rainforest Alliance (RA) certification, and its General Director, Phan Minh Thong, has announced plans to expand the number of households producing sustainable coffee and develop a traceability system to ensure transparency and integrity within its supply chain. With the support of the DFCD, Phuc Sinh Corp aims to comply with the European Union Deforestation Regulation (EUDR) to maintain a sustainable flow of agricultural trade and ensure farmers livelihoods. In addition to the DFCD grant, Phuc Sinh Corp has secured a 25 million USD investment from the Netherlands The & GREEN Fund to drive the transformation of the coffee value chain into a sustainable, non-deforestation model. This significant boost to Vietnam s sustainable coffee industry demonstrates the commitment of both the DFCD and Phuc Sinh Corp to promoting environmentally responsible practices and supporting the livelihoods of coffee farmers.
Source: en.vietnamplus.vn
Published on 2024-10-04
EBRD commits €100M to enhance renewable energy devt in Europe
The European Bank for Reconstruction and Development (EBRD) plans to invest 100 million euros as a minority shareholder in the renewable energy developer, Green Genius, based in Azerbaijan. This investment, pending approval from competition authorities, aims to support Green Genius s European growth strategy, enabling the development of over 2 GW of renewable energy. The initiative is part of the EBRD s efforts to facilitate the region s transition to green energy, diversify its energy supply, and enhance security in Europe. Green Genius, one of Lithuania s fastest-growing renewable energy developers, has expanded its portfolio across several EU markets, including Italy, Latvia, Poland, Romania, and Spain. The EBRD s support for Green Genius builds on a decade-long partnership and marks its largest equity commitment to a single company in the Baltic states and the first external equity investment in Green Genius. In addition to financial support, the EBRD will assist Green Genius in enhancing its environmental, social, and governance (ESG) standards and improving supply chain management. The company is also committed to promoting gender diversity in Lithuania s energy sector. Grzegorz Zielinski, EBRD Head of Energy Europe, emphasized the importance of promoting renewable energy and enhancing energy security for the Baltic states. The EBRD s investment in Green Genius aligns with its objectives and priorities in the region. Last year, the EBRD delivered a record 6.5 billion euros in green economy finance, with over 1.8 billion euros allocated to Central Europe and the Baltic states. The bank continues to engage in policy dialogue to unlock further green financing in the region.
Source: en.trend.az
Published on 2024-10-04
Ghana Garden And Flower Show Reinforces Commitment To Sustainability
The 12th Annual Ghana Garden and Flower Show, held from September 22 to September 29, 2024, at Accra s Efua Sutherland Children s Park, showcased a strong commitment to sustainability and climate change under the theme GREENOVATION: Green the Nation, Feed the Nation, Grow the Nation. The event united industry leaders, environmental advocates, and gardening enthusiasts to discuss and implement solutions for environmental challenges. Dr. Angela Asare of Stratcomm Africa highlighted the show as a movement promoting responsible business practices, emphasizing the integration of Environmental, Social, and Governance (ESG) values into daily operations and community life. The event fostered community engagement and empowerment, serving as a knowledge exchange center for sustainable agriculture techniques, which can enhance productivity and economic growth. The Ghana Garden and Flower Show also played a significant role in combating climate change by raising awareness of the importance of plants in carbon sequestration. Environmentalist Ama Abena stressed the need for increased tree planting and biodiversity conservation efforts. The event advocated for environmentally friendly practices, minimizing single-use plastics, and promoting recycling to support a circular economy and reduce waste. Moreover, the horticulture and floriculture industries, showcased at the event, provided numerous job opportunities, especially for young people and women. The show equipped participants with the necessary skills for success in the green economy, connecting entrepreneurs with potential investors and partners to foster long-term business growth. In summary, the Ghana Garden and Flower Show served as a platform for promoting sustainable practices, environmental awareness, and economic growth, while also creating job opportunities and empowering communities. The event s focus on ESG values, climate change mitigation, and sustainable agriculture highlights its role in building a greener, more prosperous nation. Disclaimer: The opinions expressed in this summary are those of the writer and do not necessarily reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility for the accuracy of the content. Any in
Source: peacefmonline.com
Published on 2024-10-04
Ghana Garden And Flower Show Reinforces Commitment To Sustainability | General Entertainment
The 12th Annual Ghana Garden and Flower Show, held from September 22 to September 29, 2024, at Accra’s Efua Sutherland Children’s Park, showcased a strong commitment to sustainability and climate change. The event, which gathered industry leaders, environmental advocates, and gardening enthusiasts, aimed to find new solutions to environmental challenges. Stratcomm Africa s Dr. Angela Asare described the show as a movement that embodies responsible business practices, emphasizing the integration of environmental, social, and governance (ESG) values into everyday operations and community life. The event promoted community engagement and empowerment, serving as a knowledge exchange center for farmers and businesspeople to learn sustainable agriculture techniques. Participants were educated on contemporary farming methods that can increase productivity and economic prosperity. The show also highlighted the importance of plants in carbon sequestration, with environmentalist Ama Abena emphasizing the need for increased tree planting and biodiversity conservation efforts. The event s goals included promoting environmentally friendly practices, reducing single-use plastics, and boosting recycling to build a circular economy that minimizes waste and conserves resources. Beyond environmental considerations, the Ghana Garden and Flower Show also serves as a job creator, particularly for young people and women. The show equips participants with the necessary skills for success in the green economy and connects entrepreneurs with potential investors and partners, fostering a supportive ecosystem for long-term business success. In summary, the Ghana Garden and Flower Show is a significant event that promotes sustainable practices, environmental awareness, and economic growth, while also empowering communities and creating job opportunities in the horticulture and floriculture industries.
Source: ghanamma.com
Published on 2024-10-04
How Airports Can Get Rid Of Ghost Flights Once And For All
Professor Richard Steinberg, an expert in auctions and internet economics, discusses the growing issue of airport congestion due to the rapid increase in international air transportation demand. He highlights the inefficiency of the current slot allocation system, which allows airlines to retain slots indefinitely if used 80% of the time, leading to wasteful practices like ghost flights. Steinberg suggests that slot auctions could be a more efficient solution, as economic theory and historical data indicate that they would increase airport capacity, reduce flight delays, and lower costs for both airlines and passengers. Steinberg proposes a combinatorial auction procedure called PAUSE (Progressive Adaptive User Selection Environment) to address the winner determination problem, which arises when trying to allocate slots in large auctions. PAUSE operates in stages, allowing airlines to bid on individual slots and then package bids for multiple slots. This approach avoids the need to solve the complex winner determination problem, making it suitable for airport slot auctions of any size. Steinberg emphasizes that introducing a combinatorial auction procedure like PAUSE is crucial now, as insufficient slot capacity and high carbon emissions have reached a critical stage. The PAUSE auction could help address these issues by enabling more efficient use of airport slots and reducing the incentive for ghost flights, ultimately contributing to meeting environmental targets set by ESG rating agencies.
Source: forbes.com
Published on 2024-10-04
How to mobilize private climate finance | The Manila Times
The article discusses the urgent need for global action to address the devastating effects of climate change, particularly in the context of the upcoming COP29 conference. It highlights the disproportionate impact on countries that have contributed least to the climate crisis and emphasizes the necessity for these nations to strengthen their green ambitions and build resilience against climate-related hazards. The article calls for a massive mobilization of finance to achieve net-zero emissions by 2050 and to support climate mitigation and adaptation efforts. Denmark s successful transition from fossil fuels to renewable energy is cited as an example of the potential for rapid and large-scale shifts in energy systems. The article also points out the significant investment gap in emerging-market and developing economies (EMDEs), which require an estimated $2.4 trillion annually by 2030 for climate- and nature-related investments. To address this gap, the article proposes three changes for development-finance institutions (DFIs): 1. Funding the development of a massive pipeline of green investments and climate adaptation projects, including early-stage large-scale projects and new technologies. 2. Scaling up the use of de-risking instruments, such as loan guarantees and insurance, to unlock private finance and reduce perceived risks in developing countries. 3. Mobilizing both external and domestic pools of capital, such as pension funds, to invest in green and sustainable projects in EMDEs. The article also highlights the Investment Mobilization Collaboration Arrangement, a joint initiative by Denmark, the Nordic countries, and the United States, which aims to channel billions of dollars in climate finance toward mitigation and adaptation efforts by 2026. In conclusion, the article urges governments, philanthropists, and private-sector partners to join forces in shaping a meaningful contribution to address the climate crisis. It emphasizes the need for a rapid and comprehensive response to the accelerating climate crisis and calls for a focus on blended finance solutions in international discussions leading up to COP29.
Source: manilatimes.net
Published on 2024-10-04
Insurance Post Claims and Fraud Award winners revealed
At The Brewery in London, Angela Barnes hosted a gathering for 450 attendees before awarding the Achievement Award to DWF partner Paul Berry. Berry, who has dedicated over 35 years to the insurance industry, rose from a junior solicitor to CEO of a global business with a turnover of £350m. He has also contributed to local communities through a foundation and mentored industry leaders. Despite his terminal cancer, Berry s colleague Jim Davies passionately spoke on his behalf. The event also recognized various winners in claims collaboration, innovation, and fraud prevention. Notable recipients included Aviva, Allianz, and DWF Law. The event highlighted the importance of sustainable initiatives, rising stars, and unrecognized heroes in the insurance industry. In summary, the event celebrated Paul Berry s remarkable career and contributions to the insurance industry, while also acknowledging other professionals and organizations for their achievements in claims collaboration, innovation, and fraud prevention.
Source: postonline.co.uk
Published on 2024-10-04
iShares ESG Aware MSCI EM ETF ( NASDAQ : ESGE ) Shares Sold by Sunbelt Securities Inc .
Sunbelt Securities Inc. reduced its holdings in iShares ESG Aware MSCI EM ETF (ESGE) by 19.4% in the second quarter, selling 360 shares and owning 1,499 shares worth $50,000. Other investors also adjusted their positions: ORG Partners LLC acquired shares worth $44,000, Vermillion & White Wealth Management Group LLC purchased shares worth $52,000 in the fourth quarter, BNP Paribas Financial Markets increased its stake by 78.8% to 2,133 shares valued at $69,000, EverSource Wealth Advisors LLC boosted its holdings by 188.8% to 2,796 shares valued at $90,000, and GPS Wealth Strategies Group LLC increased its holdings by 794.5% to 5,653 shares valued at $190,000. The iShares ESG Aware MSCI EM ETF, with a market cap of $4.70 billion, has a PE ratio of 12.20, a beta of 0.75, and a 1-year low of $29.12 and a high of $37.49. The fund tracks an index of large- and mid-cap companies from emerging markets, focusing on positive ESG characteristics. For more information, visit HoldingsChannel.com.
Source: tickerreport.com
Published on 2024-10-04
Makor ERP boosts efficiency at Xperien
Xperien, an IT Asset Disposition (ITAD) solutions provider, has implemented the Makor ERP system to enhance governance and operational excellence. The ERP system has significantly improved inventory management, data security, and impact reporting for the company. CEO Wale Arewa highlights the system s efficiency in centralising inventory data, automating disposal processes, and optimising inventory management. This has led to reduced carrying costs, improved demand forecasting, and prompt customer service. The Makor ERP system has also transformed the end-of-life cycle for IT asset disposal, minimising delays and errors, and providing accurate tracking of asset location, condition, and status. This enhanced visibility has improved decision-making, mitigated data loss and theft incidents, and optimized asset utilisation, resulting in cost savings for Xperien and its clients. Moreover, the system offers comprehensive analytics and impact reporting tools, enabling Xperien s management to make data-driven decisions that enhance overall efficiency and contribute to Environmental, Social, and Governance (ESG) goals. Access to historical performance data, customer preferences, and market trends allows for strategic planning and proactive measures. The automation of routine tasks and optimization of workflows through Makor ERP have reduced operational throughput and minimised downtime at Xperien. Employees can focus on value-added activities, leading to a more engaged and productive workforce. Additionally, the system s preventive maintenance features have increased equipment uptime and reduced repair expenses. Overall, the adoption of Makor ERP has been a transformational journey for Xperien, empowering the company to operate with unprecedented efficiency and precision in the ITAD industry. The system s ability to automate processes, optimize workflows, and provide data-driven insights has redefined how Xperien operates.
Source: it-online.co.za
Published on 2024-10-04
Marquis Who Who Recognizes Rohit Ramnath , CFA , for His Dedication to the Field of Chemical Engineering
Rohit Ramnath, a senior product engineer at Master Bond, has been recognized by Marquis Who s Who for his significant contributions in chemical engineering. His role involves leading new product development from concept to launch, managing technical support teams, and collaborating with marketing. Ramnath s efforts during the COVID-19 pandemic, particularly in providing solutions for critical medical device manufacturing, have been noteworthy. He has also co-authored a paper on biocompatible epoxies for medical device manufacturing. Ramnath holds a Bachelor of Science in chemical technology from Mumbai, India, and a Master of Science in chemical engineering from Carnegie Mellon University. In addition to his engineering work, he has earned certifications as a Chartered Financial Analyst and in ESG Investing from the CFA Institute. He is a member of the CFA Society in New York. Ramnath attributes his success to humility and the influence of his grandparents. Outside of work, he enjoys making coffee and playing squash. Looking ahead, he aims to continue his professional growth, stay updated with technological advances, and nurture his curiosity. Marquis Who s Who, established in 1899, chronicles the lives of accomplished individuals across various fields. The organization s 125th anniversary in 2023 highlights its significance as a biographical source for researchers, journalists, librarians, and executive search firms worldwide. For more information, visit Marquis Who s Who s official website at www.marquiswhoswho.com. Source: Marquis Who s Who News published on October 4, 2024, at 16:10 by AccessWire.
Source: lelezard.com
Published on 2024-10-04
Masdar increases clean energy capacity to 31 . 5GW in 2023
Abu Dhabi Future Energy Company (Masdar) significantly expanded its clean energy capacity to 31.5GW in 2023, generating over 26,700GWh of clean energy and avoiding 14 million tonnes of CO2 emissions. This achievement is equivalent to removing almost 870,000 cars from the road. Masdar s annual Sustainability Report for 2023 showcases the company s growth and its role in supporting the UAE s climate action leadership. The report highlights the launch of Masdar s $3 billion Green Bond offering at the London Stock Exchange, aimed at unlocking investment in renewable energy worldwide. The company s sustainability impact has grown due to significant projects initiated in 2023, including milestone projects in Indonesia, Saudi Arabia, the UAE, Egypt, and Azerbaijan. Notable achievements include the inauguration of Al Dhafra Solar PV, the world s largest single-site solar power plant in the UAE, and the country s first wind project added to the national power grid. Additionally, Southeast Asia s largest floating solar plant, the 145MW Cirata plant, came online. Mohamed Jameel Al Ramahi, Masdar s CEO, emphasized the company s commitment to strong Environmental, Social, and Governance (ESG) practices, as reflected in its Sustainable Fitch rating of 2 and entity score of 71. Masdar became the first EMEA corporate to receive the Sustainability PurePlayer Label for its environmental advancements. The report also showcases Masdar s role in advancing the UAE s energy transition, with milestones supporting the tripling of global renewable energy capacity as part of the UAE Consensus reached at COP28. Masdar has developed and partnered in projects in over 40 countries across six continents, with a clear mandate to increase its renewable energy portfolio capacity to 100GW by 2030. In summary, Masdar s 2023 Sustainability
Source: tradearabia.com
Published on 2024-10-04
Media Advisory : TransAlta Third Quarter 2024 Results and
TransAlta Corporation, a leading power generation company with operations in Canada, the United States, and Australia, will release its third quarter 2024 results on November 5, 2024. The company will host a conference call and webcast at 9:00 a.m. Mountain Time (11:00 a.m. ET) to discuss the results. Investors, analysts, and media are invited to participate and ask questions. The call and webcast can be accessed through the provided links, and telephone registration is also available. TransAlta, with over 113 years of experience, is committed to long-term shareholder value and provides affordable, energy-efficient, and reliable power to various customers. The company is one of Canada s largest wind power producers and Alberta s largest hydroelectric power producer. TransAlta aligns its goals with the UN Sustainable Development Goals and has achieved a significant reduction in GHG emissions since 2015. For more information about TransAlta, interested parties can visit the company s website or contact the Investor Relations and Media Relations departments. All financial figures are in Canadian dollars.
Source: globenewswire.com
Published on 2024-10-04
NCC , PenCom bosses to speak at corporate governance conference October 10
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Source: thecable.ng
Published on 2024-10-04
New Economic - Sustainability Paradigm Proposed
A team of researchers led by Associate Professor Jan Pfister from the University of Turku in Finland proposes a new paradigm for economic performance and sustainability, emphasizing cooperation and ethical behavior as key drivers of success. This prosocial market economy model integrates these values into organizational practices, challenging traditional economic frameworks focused on self-interest and short-term gains. The research, funded by the Research Council of Finland and published in Qualitative Research in Accounting & Management, draws on evolutionary theory and insights from Nobel Prize-winning economist Elinor Ostrom. It suggests that organizations prioritizing collaboration and collective well-being outperform those driven solely by self-interest. The prosocial market economy offers a framework for businesses to achieve economic success while contributing positively to environmental sustainability and social well-being. This approach is particularly relevant in the face of global challenges such as climate change, inequality, and resource depletion. The interdisciplinary research, involving experts from Finland, the UK, USA, and the UAE, highlights the importance of integrating behavioral science and management studies to foster a more sustainable and cooperative economic system. Practical tools are provided for organizations across industries, both in the private and public sectors, to design prosocial teams and foster collective success. The prosocial market economy focuses on transforming organizational cultures from within, embedding sustainability and cooperation into core values. This research moves beyond the conventional Environmental, Social, and Governance (ESG) debate, which often relies on external measurements. The prosocial market economy emphasizes genuine, lasting sustainability, avoiding greenwashing and superficial ESG compliance. In summary, the prosocial market economy offers a pathway for organizations to be both economically successful and environmentally and socially responsible, challenging traditional economic paradigms and promoting a more sustainable and cooperative future.
Source: miragenews.com
Published on 2024-10-04
Outlook Dark for the SEC ESG Rule After Loper Bright | Carlton Fields
The U.S. Supreme Court s 1984 Chevron deference standard, which allowed courts to defer to agency interpretations of ambiguous statutes, has been overturned by the June 2024 Loper Bright Enterprises v. Raimondo decision. This change casts uncertainty on the SEC s ESG rule proposal, which requires investment funds to disclose their ESG investment practices. The SEC s authority to implement this rule is challenged due to the lack of explicit statutory support for such disclosures. The Investment Company Act and the Investment Advisers Act, which the SEC cites as authority, do not mention ESG practices. Furthermore, the SEC s own 1975 guidance and a 2016 concept release indicate that it does not have the authority to mandate ESG disclosures unrelated to the objectives of federal securities laws. Consequently, the ESG rule proposal is likely to be vacated by the courts under the new Chevron standard.
Source: jdsupra.com
Published on 2024-10-04
Port of Newcastle improves global GRESB sustainability rating , scores 100 % on climate change risk identification
The Port of Newcastle has maintained its 5-star GRESB rating for the fourth consecutive year, showcasing its dedication to sustainability and decarbonization. The port achieved a perfect score of 100% in climate change reporting, scenario analysis, and risk and opportunity identification. CEO Craig Carmody expressed pride in the team s efforts and emphasized ESG principles as a core part of the company s culture. The Port of Newcastle is implementing a diversification strategy, with a focus on the Clean Energy Precinct, aiming to become a leading hub for sustainable energy products and technologies, such as hydrogen and green ammonia. The port handles various cargoes, including wheat, meals, grains, and wind turbine components, with increased roll-on-roll-off project cargo being a strong point this year. The 5-star GRESB rating is reserved for the top 20% of surveyed companies globally, recognizing industry leaders in sustainability. The Port of Newcastle identified areas for improvement, including climate change, and has increased efforts to decarbonize operations, improve ESG reporting, and enhance governance around climate change and transition risk. The port s commitment to sustainability extends to creating a diverse and inclusive workplace. Initiatives like health and wellbeing programs, flexible work arrangements, and career development opportunities have made it an employer of choice in the region. The Port of Newcastle s GRESB score reflects its target-driven ESG strategy, with a commitment to achieving Net Zero by 2040. The company plans to undertake GRESB benchmarking annually to track its progress and ensure continuous improvement in sustainability performance.
Source: hellenicshippingnews.com
Published on 2024-10-04
Powering the future with green bonds
The global financial sector is increasingly pivotal in addressing climate change, with green bonds and sustainable finance tools gaining prominence. Singapore is at the forefront, integrating sustainable finance into its economic strategy. The growth in green bonds is driven by companies incorporating sustainability into their core strategies, influenced by regulatory pressures and market expectations. Investors are now more discerning, seeking investments that balance impact with financial returns, and are adopting sustainable finance frameworks and conducting rigorous ESG evaluations. Green bonds have proven effective in achieving real environmental benefits, particularly when they have clear impact goals and strong oversight. For instance, UOB s financing of solar projects under its U-Solar programme has significantly reduced GHG emissions. To combat greenwashing, the financial sector emphasizes transparency, continuous monitoring, and external assurance. Regulatory changes and technological innovations are shaping the sustainable finance landscape. Clear taxonomies and regulatory policies are encouraging market growth, while advances in data analytics and natural capital measurement tools are enhancing sustainability performance tracking. The focus on natural capital and biodiversity is a key trend, with the understanding that climate and nature issues are interdependent. The evolution of green finance standards and benchmarks will continue to prioritize quality and transparency. The challenge lies in ensuring that regulations keep pace with decarbonization methods and technologies. The rise of green bonds and sustainable finance represents a crucial step in the global effort to combat climate change and transition towards a low-carbon future. The focus on transparency, rigorous standards, and innovative solutions will be essential in delivering the promised environmental and social impact.
Source: businesstimes.com.sg
Published on 2024-10-04
Researchers propose a new paradigm for econom
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Source: eurekalert.org
Published on 2024-10-04
SLR To Acquire Malk Partners
Malk, an ESG Advisory firm based in New York City, specializes in sustainability management services for private market investors and their portfolio companies. The company, founded in 2009, offers expertise in various asset classes including private equity, growth equity, venture capital, credit, real estate, and infrastructure. Malk s mission is to guide capital towards responsible investors and investments with innovative ESG solutions. The firm currently serves over 200 private markets investment firms and has recently joined the SLR team. This partnership aims to expand and differentiate SLR s consulting and advisory market offering throughout the U.S. and Europe. Both companies share a commitment to supporting clients in mitigating investment risks and promoting sustainability across economic, environmental, and social pillars. Malk s Founder and Chairman, Andrew Malk, expressed excitement about the opportunity to take their services global and deepen client engagements with a vast team of subject matter experts. Max Hong, Chief Executive Officer of Malk Partners, highlighted the importance of serving investments globally and deepening core capabilities in climate solutions. The transaction is expected to close in early October 2024, further demonstrating SLR s commitment to Making Sustainability Happen for its clients and broader community. The partnership between Malk and SLR aims to create a differentiated ESG advisor to the private markets, harnessing collective energy and shared cultures to serve investor clients and portfolio companies in reducing risks and creating value from ESG.
Source: menafn.com
Published on 2024-10-04
Standard Bank , Author at ESI - Africa . com
Our African bank is committed to empowering clients through a diverse array of innovative products and services. The dedicated Sustainable Finance team plays a pivotal role in this endeavor by offering comprehensive product solutions that encompass debt management, advisory, and support services. Central to our approach is a strong emphasis on environmental, social, and governance (ESG) principles. This focus ensures a holistic perspective on all facets of our clients businesses, aiding in the management of regulatory and compliance risks. Moreover, it reinforces our commitment to upholding ethical and environmental standards, thereby fostering a sustainable and responsible banking environment.
Source: esi-africa.com
Published on 2024-10-04