The latest from Sustaira.
Invesco fined by SEC Over Misleading ESG Investment Claim
The U.S. Securities and Exchange Commission (SEC) has fined Invesco $17.5 million for misleading claims about its ESG investments. This penalty highlights the importance of transparency and accuracy in ESG-related disclosures.
The Growing Green Skills Gap: LinkedIn’s Latest Insights
The latest LinkedIn report reveals a significant gap between the demand for green talent and the available supply. This disparity poses a challenge for the global transition to a sustainable economy.
China’s Landmark Energy Law: A Step Towards Carbon Neutrality
China has passed its first-ever energy law, set to take effect on January 1, 2025, marking a significant step towards carbon neutrality by 2060. This comprehensive legislation addresses various aspects of energy management, aiming to ensure sustainable and secure energy growth.
EU Emissions Drop by 8% in 2023
The European Union achieved an impressive 8% reduction in greenhouse gas emissions in 2023, marking the largest annual drop in decades, second only to the COVID-19 pandemic year of 2020.
EY Survey: Over Half of CFOs Fear Greenwashing Risks Amid Sustainability Data Challenges
A recent EY survey reveals that over half of CFOs are concerned about greenwashing risks due to persistent sustainability data problems, highlighting the need for improved data quality and transparency.
Bloomberg Insights: Advancing the ESG Data Ecosystem
A recent Bloomberg report discusses the critical need for decision-useful ESG data and the emerging standards designed to address data quality and coverage issues. This advancement is crucial for investors navigating the evolving landscape of sustainable finance.
MSCI Releases Funds and the European Sustainable Finance Landscape Report
A recent MSCI report reveals that European sustainability funds have surged to €8 trillion under the SFDR Article 8 and 9 rules, highlighting a significant shift towards sustainable investing in the region.
Green Climate Fund Commits $2.7 Billion to Combat Climate Change in Egypt and Beyond
The Green Climate Fund has approved a massive $2.7 billion for climate projects across several countries, including Egypt. This funding aims to support sustainable development and combat climate change on a global scale.
BCG Releases 2024 Sustainability in Private Equity Report
Boston Consulting Group's (BCG) latest report reveals that 85% of investors plan to prioritize sustainability in the next three years, driving private equity firms to accelerate their net-zero efforts.
BSR Report: C-Suite Collaboration Key to Ambitious Sustainability Goals
BSR’s recent report “The CSO at a Crossroads” highlights that 83% of Chief Sustainability Officers (CSOs) believe collaboration with other C-Suite leaders is crucial for driving ambitious sustainability goals. This teamwork is essential for aligning sustainability with core business functions.
Canada Introduces Mandatory Climate Disclosure Requirements for Large Companies
Canada is taking a bold step towards sustainability by introducing mandatory climate disclosure requirements for large companies. This move aims to enhance transparency and drive the country's transition to a low-carbon economy.
BlackRock Survey: 99% of Insurers Set Climate Transition Goals
A recent BlackRock survey reveals that an overwhelming 99% of insurers have set climate transition goals within their investment portfolios, marking a significant shift towards sustainability in the insurance industry.
GRESB’s 2024 ESG Benchmark Insights: Real Estate Sector Embraces Net Zero Goals
The latest GRESB (Global Real Estate Sustainability Benchmark) 2024 ESG Benchmark reveals a significant increase in net zero targets among real estate participants, with 65% now committed to achieving net zero emissions. This marks a notable shift towards sustainability in the real estate sector.
De-Risking the Energy Transition in Europe: PwC’s Insights
PwC's latest report delves into the challenges and strategies for de-risking the energy transition in Europe, highlighting the importance of sustainable practices and regulatory frameworks.
Climate Bonds Initiative and EMF-ECBC Partner to Align EU Covered Bonds with Sustainable Finance Goals
The Climate Bonds Initiative and the European Mortgage Federation-European Covered Bond Council (EMF-ECBC) have partnered to develop standards that align EU covered bonds with the EU Taxonomy, promoting sustainable finance.
KPMG Releases 2024 ESG Due Diligence Study
A recent KPMG study reveals that 61% of investors in the European Market for Alternative Investment Funds (EMA) prioritize ESG due diligence, driven by the potential for monetary gains.
Climate Week 2024 Highlight: Sustaira Expands Sustainability and AI Collaboration Into Global Alliance Partnership With Capgemini
During Climate Week in New York City and a week after the launch of Sustaira’s Sustainability Marketplace, Capgemini expands its collaboration into a Global Alliance Partnership with Sustaira. The two companies have already co-created a portfolio of flexible solutions that combine Capgemini's AI and domain expertise with the speed and agility of Sustaira’s Sustainability Platform. Solutions include the Carbon Visualizer, AI-enabled Net Zero Forecaster, Sustainability Scenario Planner, and Supplier Risk Monitoring.
Britain to Invest up to $28.5 billion for Carbon Capture Projects
Britain has committed to investing up to £217 billion in cleaner energy by 2035, aiming to significantly reduce carbon emissions and transition to renewable energy sources.
Embracing Transparency and Action with PCAF: A Financial Sector Revolution
We are proud to share our deep-dive into PCAF, the who? what? why? where? and how? We are also excited to announce we will bring together many PCAF professionals in our upcoming webinar on November 13th! Registration is still open to sign up via the link at the bottom of this page.
California Passes New Climate Disclosure Law
California Governor Gavin Newsom has signed a landmark climate disclosure bill into law, requiring large companies to report their greenhouse gas emissions and climate-related financial risks starting in 2026. This legislation aims to enhance transparency and accountability in corporate environmental practices.