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Today’s ESG Updates Allianz holds €4.8 billion in fossil fuel bonds: Insurance giant to phase out fossil fuel bonds under its exclusion policies. JetBlue Airlines increases investments in sustainable aviation fuel: The airline will use SAF at New York’s JFK airport. UberEats announces new sustainability measures: In the U.K., UberEats has adopted two new changes
Today’s ESG Updates Australia Sues 3M Over PFAS Contamination: Australia launched legal action seeking more than A$2 billion in damages against 3M over contamination linked to PFAS firefighting foam used at defence bases, adding to growing global scrutiny around “forever chemicals” and environmental liability. Extreme Heat Threatens German Economy: New analysis warned that persistent heatwaves
Today’s ESG Updates: Russia Says New EU Sanctions Will Hurt Developing Countries: Russia pushes back on sweeping new EU sanctions, warning they threaten global energy stability and food security beyond Ukraine’s borders. Indonesia to Import 150 Million Barrels of Russian Oil in Phases Until 2026: Facing a 1M barrel per day deficit and war-rattled trade
Climate displacement has become a defining feature of our present. Climate shocks now shape human (im)mobility, humanitarian crises, and political debates from the Sahel to South Asia, from Pacific islands to the Americas and European frontiers. Even the International Court of Justice (ICJ) has described climate change as “an existential threat.” In its advisory opinion
Today’s ESG Updates Active Super Fined A$10.5M for Greenwashing – Australia’s Court penalized Active Super for misleading ESG claims, retaining investments in coal, oil, and gambling. EU Pledged €2.5B for Syria’s Recovery – The EU committed €2.5B to support Syria, aiding transition and socio-economic recovery. AIB Raises €500M for Green Projects – AIB secured its
Today’s ESG Updates Bloomberg to Fund UN Climate Body: Bloomberg Philanthropies steps in to support the UNFCCC after Trump’s Paris exit. AllianzGI and EIB Raise €450 Million: €450 million fund launched for climate projects in emerging markets. Investment in Solar Slows: Renewable energy funding drops amid uncertainty under Trump’s policies. Corporate Knights’ Top 100 List:
A country doesn’t host the Olympic Games to make a profit. So why do they bother? South Korea held the Seoul Olympics in 1988 to show off its economic miracle. Beijing used 2008 to show the world its enormous economic advancement. At Sochi in 2014, Vladimir Putin wanted to restore Russia’s sporting superpower status with
In a proactive move to address the escalating risks posed by climate change, the Net-Zero Insurance Alliance (NZIA) was launched in 2021 by the United Nations. This collaborative initiative brought together insurance companies committed to achieving net-zero greenhouse gas emissions in their underwriting and investment activities. The primary goal of the Net-Zero Insurance Alliance is to mobilize
In an interview with the Financial Times, Jacek Olczak, the Chief Executive Officer of Philip Morris International (PMI) announced that the company is “charting a path to become an ESG stock”. PMI, the company behind Marlboro, is hoping to attract investors by upgrading their Environmental, Social and Governance (ESG) rating through targeted shifts in their
Last month, we wrote about this year’s SDG Finance Summit in Geneva, a UNDP initiative, as an innovation springboard “bring[ing] together high-level decision makers to forge partnerships for the implementation of the Sustainable Development Goals (SDGs).” We introduced 12 of the 20 finalist startups pitching their products and services at the summit — the 12
The financial industry is on the move. It wants to be at the center stage. Fighting climate change takes money, $2.3 Tillion, according to various funds and pension funds. A solid start, for now. This year, the United Nations Climate Summit, an event that transpired included 16 year old Greta Thunberg’s speech, as well as
Being raised in an environmentally conscious German household, I have always realized the importance of environmental protection. But how did I finally end up as a Sustainability Manager trying to push the implementation of complex Sustainability Strategies in even more complex, large companies? Given the multifaceted nature of sustainability it’s not an easy task. Many