Sustainability Notice #44 (30 October - 5 November)
Forvis Mazars Türkiye
A leading international audit, accounting, tax and advisory firm, present in 100+ countries and territories.
COP28:
Colombia, neighbors to jointly push six key points in COP28 -minister (Source: Reuters )
Colombia and its neighbors will together push six key themes at this year's UN climate conference, including help adapting to global warming and swapping debt for climate mitigation, the country's Environment Minister Susana Muhamad said on Friday.
Pope says he will attend COP28 climate summit in Dubai, a first by a pontiff (Source: Reuters )
Pope Francis said on Wednesday that he will attend the COP28 climate conference starting next month in Dubai, the first time a pontiff will be at the U.N. environmental meeting since they began in 1995.
Biden unlikely to attend Dubai COP climate meeting (Source: Reuters )
U.S. President Joe Biden is unlikely to attend a gathering of world leaders in November focused on climate change, according to two U.S. officials and another person briefed on the event's planning.
King Charles will deliver COP28 opening speech, Buckingham Palace says (Source: Reuters )
King Charles will give the opening address at the COP28 U.N. global climate summit in Dubai, Buckingham Palace said on Wednesday. It will be the third time that the British monarch, 74, who has campaigned on environmental issues for more than 50 years, will deliver the opening speech, having done so at Glasgow's COP26 and at COP21 in Paris.
World:
Oil and gas companies spill millions of gallons of wastewater in Texas (Source: Grist )
Companies have spilled nearly 150 million gallons of toxic, highly saline wastewater in Texas over the last decade, an Inside Climate News analysis found.
The scientist who warned the US about climate change says it’s worse than we thought. Again. (Source: Grist )
A new study led by James Hansen estimates we'll hit the 1.5 degrees Celsius target earlier than predicted.
Developing countries need at least $215 billion a year for climate adaptation (Source: Grist )
That's at least 10 times what's currently available.
Just 4% of top companies meet UN climate target guidelines, study says (Source: Reuters )
Half of the world's 2,000 biggest listed companies have set a target to get to net-zero emissions by mid-century, but just a fraction meet tough United Nations guidelines for what constitutes a quality pledge, a report on Monday showed.
Beijing logs second-warmest October in summer-like autumn (Source: Reuters )
China's capital Beijing sweltered under abnormally warm weather in October, the second-hottest for the month in over 60 years, as autumn turned to early summer amid weak seasonal winds from the north.
Gold mining spreads mercury to tropical birds, study says (Source: Reuters )
Tropical birds, from kingfishers to wrens to warblers, are showing signs of mercury contamination as artisanal and small-scale gold mining operations reach deeper into jungles, new research finds.?
ESG reporting, tools and services:
Over 80% of companies to increase budgets for environmental sustainability goals over next year: Honeywell survey (Source: ESG Today )
Well over four out of five companies plan to increase spending on environmental sustainability initiatives over the next 12 months, as the achievement of sustainability goals extends its lead as a top corporate priority, and executives become more confident in meeting those goals, according to a new survey released by industrial products, solutions and technologies company Honeywell.
领英推荐
AI-based ESG data collection startup ESG Flo raises $5.25 million (Source: ESG Today )
Launched in 2022 from within Bain & Company’s Founder’s Studio , ESG Flo helps industrial, manufacturing and infrastructure sector businesses to create robust, auditable ESG data infrastructure
Launched in 2014 by co-founders Sonam Devgan and Ted Dhillon, Ottawa-based FigBytes helps organizations to plan, track and report ESG on goals across areas ranging from carbon accounting and climate action, to water impacts, and supply chain activities.
Professional services firm KPMG Canada announced today the launch of a new decarbonization hub, aimed at helping companies achieve emissions reduction and energy transition goals and meet their net zero commitments.
Sustainability data and technology provider ESG Book and non-profit foundation the Future Investment Initiative (FII) Institute announced the launch of the Inclusive ESG Tool and Inclusive ESG Score, a new set of solutions aimed at improving ESG data quality and facilitating sustainable investment capital flows for emerging markets (EM) companies.
SEC Chair: Investors want supply chain emissions reporting to manage transition risk (Source: ESG Today )
Investors are backing the U.S. Securities and Exchange Commission’s (SEC) proposal for Scope 3 value chain emissions reporting from companies, saying that it provides them with key information to assess company risk, according to SEC Chair Gary Gensler’s comments in a forum discussion at the U.S. Chamber of Commerce.
Business:?
Southwest signs deal to purchase up to 680 million gallons of sustainable aviation fuel made from wood waste (Source: ESG Today )
Southwest Airlines announced an offtake agreement today with renewable fuel developer USA BioEnergy to purchase up to 680 million gallons of sustainable aviation fuel (SAF) over 20 years, beginning as soon as 2028.
Morgan Stanley Climate Fund invests in sustainable nutrition company Huel (Source: ESG Today )
The investment is the second to be made by MSIM’s 1GT climate-focused strategy. Launched in November 2022 , 1GT is a new growth-oriented private equity platform aimed at investing in climate solutions companies that will eliminate 1 billion tons (1 gigaton) of CO2 emissions from the date of investment through 2050.
Automotive giant Toyota announced plans to dramatically increase its electric vehicle battery capacity in the U.S., with an additional $8 billion investment in its North Carolina battery production plant. With the new announcement, the company’s commitment to the facility grows to nearly $14 billion, marking one of the largest-ever investments in U.S. EV battery capacity.
Rio Tinto, Prysmian Partner to build sustainable supply chain for energy transition materials (Source: ESG Today )
Global mining and metals company Rio Tinto and energy and telecom cable manufacturer Prysmian announced a new partnership aimed at developing a more sustainable North American supply chain for materials needed to expand power grids for the energy transition.
Apple, Nike, launch initiative to accelerate adoption of clean energy in supply chains (Source: ESG Today )
A coalition of large U.S. companies announced the launch of the Clean Energy Procurement Academy, a new initiative aimed at addressing supply chain emissions by equipping companies with skills and knowledge required to explore and adopt clean energy.
Luxury sports car manufacturer Porsche AG announced today a new agreement with Swedish startup H2 Green Steel to supply up to 35,000 tonner per year of low-carbon steel, aimed at reducing the emissions footprint of Porsche vehicles.
Sustainable bond issuance on track to grow to $950 billion in 2023, despite Q3 pullback: Moody’s (Source: ESG Today )
Issuance volumes of green, social, sustainability and sustainability-linked (GSSS) bonds pulled back sharply in Q3 2023, falling 26% year-over-year to $198 billion, slightly underperforming the global bond market’s 22% decline, after?significantly outperforming the market ?in the first half of the year, according to a new report from Moody’s Investors Service.