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[ESG Today] Canada to Invest $200 Million in Nature-Based Solutions Proj...

The Government of Canada announced that it will provide up to $200 million over the next five years to fund projects focused on nature-based solutions to addressing climate change.Nature-based solutions, according to International Union for Conservation of Nature (IUCN), are “actions to protect, sustainably manage, and restore natural and modified ecosystems that address societal challenges effectively and adaptively, simultaneously providing human well-being and biodiversity benefits.” The solutions are one of the key tools to help meet global decarbonization goals, with projects that are typically included in the definition encompassing those focused on redeveloping forests or wetlands, which protect or transform land, improve biodiversity, and enable nature to absorb CO2 from the en...
작성일 : 2023-07-05
[ESG Today] J&J to Reach 100% Renewable Electricity in U.S., Canada & Eu...

Pharmaceutical, MedTech and consumer healthcare giant Johnson & Johnson (J&J) announced today new Power Purchase Agreements (PPA) that will enable the company to source renewable electricity sufficient to power its U.S., Canada and Europe operations by 2023.The deals form a major step towards the company’s goals to fully power operations with 100% renewable electricity by 2025, and to achieve carbon neutrality across global operations by 2030. At the end of 2020, 54% of J&J’s global electricity came from renewable sources.Paulette Frank, Chief Sustainability Officer, Johnson & Johnson, said:“Last year we announced our most ambitious climate goals to date, including an accelerated renewable electricity goal. We are wasting no time making progress because we know there ...
작성일 : 2023-07-05
[The Independent] Rewilding: Organisations which own a third of England...

A swathe of England’s biggest land owners and managers have signed a joint pact committing them to large-scale habitat restorations and a major tree-planting programme across a portfolio of 10.5 million acres, to help boost biodiversity and tackle the worsening climate crisis.The effort, coordinated by the National Trust, includes groups such as the RSPB, National Parks, Soil Association, The Wildlife Trusts, Woodland Trust, Church Commissioners for England and the Duchy of Cornwall, which together own around a third of the land in England.The organisations have said they will work together to protect and regenerate environments such as peat bogs, woodland and rivers, to help draw down carbon and provide functioning ecosystems in order to help the ...
작성일 : 2023-07-05
[The Guardian] England green homes scheme was ‘slam dunk fail’, says...

The government’s green homes grant scheme underperformed badly and risks damaging future efforts to deliver net zero, the public accounts committee (PAC) said.Hailed by the prime minister, Boris Johnson, as a key plank in his green industrial revolution, the grants only upgraded about 47,500 homes out of the 600,000 originally planned. They also delivered a small fraction of the expected jobs.The grants were intended to support the public in England to make their homes more energy efficient and move away from fossil fuel heating by installing heat pumps and solar energy.But the PAC said the scheme unveiled in 2020 by the Department for Business, Energy and Industrial Strategy (BEIS), was poorly designed and had a troubled implementation. The Guardian previously revealed the grants w...
작성일 : 2023-07-05
[Bloomberg] JPMorgan to Reimburse $5,000 to H.K. Bankers for Quarantine

JPMorgan Chase & Co. is offering to reimburse Hong Kong employees up to $5,000 to compensate for their quarantine stay as the financial hub sticks to its zero-Covid policy. All Hong Kong-based employees who are executive directors and below may claim the amount for a single quarantine stay for personal trips to visit immediate family members, which includes spouses, domestic partners, children, parents and grandparents, according to an internal memo. A Hong Kong-based spokeswoman confirmed the content.
작성일 : 2023-07-05
[ESG Today] Fossil Fuel Producing Nations Hold Back from Coalition to Ph...

A group of 11 national and subnational governments announced at the COP26 climate conference on Thursday the launch of the Beyond Oil & Gas Alliance (BOGA), aimed at delivering a managed transition away from oil and gas production and setting an end date for exploration. Most major economies and oil producing countries held back from joining the coalition, however, highlighting one of the key barriers to international consensus on climate action.Led by Costa Rica and Denmark, the group’s core members also include France, Greenland, Ireland, Quebec, Sweden and Wales. Core members commit to end new oil and gas production and exploration concessions, licensing or leasing rounds and to set a Paris-aligned date for ending oil and gas production and exploration. The initiative has a tiered...
작성일 : 2023-07-05
[ESG Today] Kia Sets Emissions, Electrification & Renewables Targets in ...

South Korean automobile manufacturer Kia announced today the launch of its corporate vision to become a “Sustainable Mobility Solutions Provider”, unveiling a series of new sustainability commitments, including a target to achieve carbon neutrality throughout its value chain by 2045, along with plans to shift to renewable energy use at all manufacturing sites and electrify its fleet over the coming years.To reach carbon neutrality, Kia aims to reduce 97% of the company’s 2019 level of carbon emissions by 2045, offsetting the remaining emissions. The new pledge is based on three key pillars, including Sustainable Mobility, Sustainable Planet, and Sustainable Energy, which will guide the company in its efforts to reduce carbon emissions from the supply, logistics, vehicle production, a...
작성일 : 2023-07-05
[FAST COMPANY] How businesses can move from just green initiatives to tr...

Green business is booming, from electric cars to petroleum-free laundry detergent to organic bamboo pajamas. The green economy now accounts for $1.3 trillion a year in revenue and the market for environmentally friendly products is growing at seven times the rate of conventional products. From 2015 to 2019, more than half the growth in consumer packaged goods—a category that includes a wide range of food items, household products, and toiletries—was from products marketed as sustainable. And companies are not solely relying on their own expertise anymore but are soliciting the help of their supply partners in developing sustainable products. The payoff can be significant, yielding not only greater environmental benefits but also economic gain.ADVERTISEMENTWhile...
작성일 : 2023-07-05
[INSURANCE JOURNAL] Where U.S. Insurers Are in Integrating Environmental...

U.S. insurers are increasingly listening to demands from stakeholders that they use social, environmental and governance factors in their decision-making.According to an AM Best survey, 6 in 10 companies are aware of greater demand from stakeholders to consider ESG factors as they make decisions. While the U.S. is still behind Europe in terms of ESG integration, AM Best said the results are still noteworthy, and that U.S. carriers should consider how to most effectively put ESG factors into practice.“Survey results show that insurers believe there are risks to ignoring stakeholder pressures related to ESG factors, and particularly with regard to diversity and inclusion, carriers generally view corporate governance as key to managing and mitigating reputational risk,” Rosemarie Mirabell...
작성일 : 2023-07-05
[CNN] Indonesia signals about-face on COP26 deforestation pledge

Indonesia’s environment minister has dismissed as “inappropriate and unfair” a global plan to end deforestation by 2030, days after her country, home to a third of the world’s rainforests, joined 127 other nations in making the deforestation pledge.The agreement late on Monday at the COP26 climate talks was at odds with Indonesia’s development plans and the global goals should be fine-tuned, said minister Siti Nurbaya Bakar, who attended the summit in Glasgow.“Forcing Indonesia to (reach) zero deforestation in 2030 is clearly inappropriate and unfair,” she said on Twitter on Wednesday.“The massive development of President Jokowi’s era must not stop in the name of carbon emissions or in the name of deforestation,” she said, referring to Indonesian leader, Joko ...
작성일 : 2023-07-05

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