By: John McCalla-Leacy, Head of Global ESG, and Sarah Nelson, Global Nature Lead, KPMG International We may only be midway through 2024, but the countdown to COP29 is now well and truly underway. When delegates meet at the end of the year in Azerbaijan, they’ll face some sobering facts. The world is continuing to warm at an unprecedented rate. Our…
Investors are shifting the focus of their climate investing strategies, with the majority looking to allocate funds to climate solutions and to strategies focused on ‘brown-to-green’ companies transitioning to lower emissions, according to a new survey released by international asset manager Robeco, which also found growing regional disparities in attitudes towards climate change, with North American investor interest lagging increasingly…
Edinburgh-based global investment company abrdn announced today the appointment of Dan Grandage as Chief Sustainability Officer, Investments, replacing Amanda Young in the role, who left the business at the end of April after leading the firm’s sustainable investing group since early 2022. In his new role, Grandage will lead abrdn’s global sustainable and active ownership strategy, with responsibility for ensuring…
The IFRS Foundation unveiled significant progress towards the establishment of a consistent global baseline for a corporate sustainability reporting system, revealing today that jurisdictions representing more than half of the global economy have announced steps to use or align with the International Sustainability Standards Board’s (ISSB) disclosure standards. The IFRS Foundation’s International Sustainability Standards Board (ISSB) was launched in November 2021 at…
The Biden administration announced today the release of “Voluntary Carbon Markets Joint Policy Statement and Principles,” aimed at strengthening and advancing market for carbon credits by setting out the U.S. government’s approach to ensuring the high integrity of voluntary carbon markets (VCMs). The new policy statement comes as demand for carbon offset projects and related credits is expected to increase…
HSBC UK announced a new partnership with carbon accounting startup Greenly, providing a carbon calculator for small and medium-sized enterprises (SMEs) to measure, assess and address their carbon footprint. According to HSBC, the new solution follows a recent survey by the bank indicating that the lack of advice and support over sustainability measurement presents a significant barrier for SMEs in…