• info@esgwise.org
IOSCO Launches Network to Support Adoption of ISSB Sustainability Reporting Standards in Emerging Markets
December 19, 2024

IOSCO Launches Network to Support Adoption of ISSB Sustainability Reporting Standards in Emerging Markets

IOSCO, the leading international policy forum and standards setter for securities regulators, announced the launch of the GEMC Network for Adoption or Other Use of ISSB Standards, a new network aimed at supporting the adoption and use of the IFRS Foundation’s sustainability reporting standards in emerging markets. The launch of the new network follows the release last year by the…

News 0 2 min read
December 19, 2024

How can fund managers tackle the plastic pollution investment gap?

Earlier this year, The Circulate Initiative called for greater investment to tackle plastic pollution after new data revealed only $32bn (£24.6bn) a year of private investment went to plastics circularity between 2018 and 2023 – far below the $1trn (£770bn) needed. Meanwhile, earlier this month, international negotiations on a legally binding treaty addressing plastic pollution failed to reach an agreement. This…

News 0 7 min read
December 19, 2024

LNAS publishes advice for mobilising adaptation and resilience investment in the UK

A five-step approach to defining adaptation investments and establishing practical, outcome-focused criteria has been published as part of the Land, Nature and Adapted Systems (LNAS) Advisory Group’s final report. Framework to develop a UK Green Taxonomy for adaptation and resilience sets out to provide a framework to define adaptation and resilience, enabling investments to mobilise adaptation finance and increase the…

News 0 1 min read
December 19, 2024

ESG overperformance likely due to ‘governance deficiencies’ rather than exceptional performance

Business managers, particularly at poorly governed firms, are likely exploiting “less transparent ESG metrics” to set targets in ways that are likely to be achieved, either to enhance their compensation or to appease institutional investors and other stakeholders who demand greater ESG accountability, according to research published by the European Corporate Governance Institute (ECGI). Researchers from the University of California,…

News 0 3 min read
Carbon Removal Coalition Frontier Facilitates $80 Million in New Offtake Agreements for Google, H&M, Stripe and Others
December 18, 2024

Carbon Removal Coalition Frontier Facilitates $80 Million in New Offtake Agreements for Google, H&M, Stripe and Others

Carbon removal buyer coalition Frontier announced that it has facilitated $80 million in offtake agreements on behalf of buyers including Google, H&M, Stripe and Salesforce, among others, for the removal of nearly 300,000 tons of CO2 through technologies that integrate carbon removal into existing industrial processes. The offtake agreements were signed with CO280, a developer of Biomass Carbon Removal and…

News 0 2 min read
Accenture Acquires IQT Group to Target Net Zero Infrastructure Opportunities
December 18, 2024

Accenture Acquires IQT Group to Target Net Zero Infrastructure Opportunities

Global professional services firm Accenture announced today an agreement to acquire Italian engineering services provider IQT Group, in a move aimed at strengthening Accenture’s capabilities for net zero infrastructure projects. IQT Group, based in Rovigo, Italy, focuses on designing and supervising net-zero infrastructure projects for electricity generation and transmission. The company works closely with utility providers, helping both private and…

News 0 2 min read
Trane Appoints Mauro Atalla as Chief Technology and Sustainability Officer
December 18, 2024

Trane Appoints Mauro Atalla as Chief Technology and Sustainability Officer

HVAC and climate control solutions company Trane Technologies announced today the appointment of Mauro Atalla as Chief Technology and Sustainability Officer. Atalla will report to Chair and CEO Dave Regnery as part of the executive leadership team and will lead the product development, innovation and sustainability strategies for Trane Technologies globally. In his new role, Atalla will be responsible for…

News 0 1 min read
UK Regulator Bans Lloyds Ad Over Misleading Climate Claims
December 18, 2024

UK Regulator Bans Lloyds Ad Over Misleading Climate Claims

UK ad regulator the Advertising Standards Authority (ASA) ruled today that an ad by Lloyds Bank highlighting the bank’s contributions to the low-carbon transition through its clean energy financing activity was misleading, due to its failure to provide information on Lloyd’s continued financing for carbon emitting activities, which it added “represented a large contribution to GHG (greenhouse gas) emissions.” The…

News 0 2 min read
December 18, 2024

US Investors Digging in on ESG Engagement

US SIF warns of future infringements on American shareholder rights, but expects “muted” political impact on 2025 proxy season. New US SIF Foundation data has revealed a strong commitment to sustainability-related stewardship activity among US investors, with any negative post-election impacts expected to manifest only after the upcoming proxy season. The foundation’s biennial survey found that 79% of total US…

News 0 4 min read