Citi has announced the launch of a new sustainable time deposit solution in India, designed to provide a means for institutional investors to use their excess cash towards sustainable ends. Citi already launched the same product in Hong Kong and Singapore in August last year, meaning that India is now the third market in the … Read more
The UK and France have together launched a biodiversity credits roadmap to support companies’ contribution to nature recovery. Thérèse Coffey, the British environment secretary, and French state minister Bérangère Couillard announced the agreement on 22 June. The aim of the global roadmap is to support global cooperation to provide positive outcomes for people and the … Read more
Companies have made the mistake of considering ESG as an investment risk metric at the fund level rather than at the company level, according to Suresh Mistry, head of sustainability at Alquity, in the third panel session at Responsible Pathway. See above video with key takeaways from guests at the event Held on 6-8 June … Read more
There is an old Chinese proverb that says the best time to plant a tree was 20 years ago. The second best time is now. Or, as Warren Buffett would say, “someone’s sitting in the shade today because someone planted a tree a long time ago”. Long termism and being willing to weather the storms … Read more
US states such as Texas, Florida and New York now have a higher degree of exposure to forced labor risk than Pakistan, India, Thailand and Indonesia, according to a new report. The Supply Chain ESG Risk Ratings report has found Western sourcing markets have shifted away from their lower risk classification, with forced labor identified … Read more
Some states are lobbying Congress to curb sustainable investing as the anti-ESG movement ramps up, creating uncertainty for financial advisers. Congress is now paying attention, after Alabama Attorney General Steve Marshall and Utah Attorney General Sean Reyes asked the law-making body to limit the impact of ESG. The House Committee on Oversight and Accountability held … Read more
Last month, the Financial Reporting Council (FRC) announced a public consultation into the UK corporate governance code with a specific focus on how company boards are addressing ESG responsibilities. Here, Andromeda Wood, vice president of regulatory strategy at risk and reporting platform Workiva, answers ESG Clarity’s questions what the revised code may look like and how investment … Read more
ESG investing has become a big talking point over the last couple of years for the financial advice industry, but the sector is still having trouble integrating it into the IFA market. Last year, an Aviva and lang cat report found 61% have an ESG process in place for onboarding all clients, and a further … Read more
Despite almost 30 years working at ING, Jacomijn Vels felt overwhelmed when she stepped into the role of global head of sustainable finance just nine months ago. She’d been looking for a role that would combine her personal interests in sustainability (she stopped eating meat 20 years ago; uses circular, waste-free Dutch grocery delivery company … Read more
The IFRS Foundation, which develops global accounting and sustainability disclosure standards, has opened an ISSB (International Sustainability Standards Board) office in Beijing. ISSB was launched at COP26, when the Foundation also announced plans for the board’s ‘global footprint’ in the form of offices in Beijing, Frankfurt and San Francisco, in addition to existing IFRS offices … Read more