Climate Action, ESG, Sustainable Finance Archives

Institutional Investors Increasingly Cite Climate Change As Portfolio Risk

15Nov

By Patti MohrNo Comments

Climate Action, ESG, Sustainable Finance, Types of News: Brief

Institutional Investors Increasingly Cite Climate Change As Portfolio Risk

Insurance Investors Also Say Low Interest-Rate Regime Drives Them Into Riskier Assets November 15, 2021--More than one in three insurers now consider environmental changes as "a serious threat" to their investment strategies, according to an annual survey by BlackRock, the largest investment firm in the world. BlackRock released the findings of its annual survey today. The asset management firm surveyed 362 insurance company executives located in 26 markets and representing $27 trillion in assets. Changes in institutional investment impact global markets, which affect the overall global economy as well as individual savings. Climate Change Exposure The firm reported that 95 percent of insurers surveyed said they are taking into account the risk of climate change while makin...

India Aims for 2070 Net-Zero, Asks For $1 Trillion

12Nov

By Ramsha ZubairiNo Comments

Climate Action, ESG, Sustainable Finance, Foreign Aid, International Development, Organizations, IMF, WTO, G7, UN Security Council, Types of News: Analysis

India Aims for 2070 Net-Zero, Asks For $1 Trillion

COP26 event Indian Prime Minister Narendra Modi greeting UK Prime Minister Boris Johnson Editor's Note: One of the outcomes of the COP26 conference in Glasgow, Scotland was a pledge by India to reach "net-zero" within 50 years time. Net-zero means that a country or company would compensate for greenhouse gases it emits, bringing the total to zero. India has long been a holdout of promising net-zero. The announcement by Prime Minister Modi to set a target breathed life into the conference. Moreover, it's significant because India is one of the largest emitters of greenhouse gases, after China and the United States. It is also noteworthy because as the world's sixth-largest economy, a shift to a green economy would impact financing. By Ramsha Zubairi November 12, 2021 — When Indian ...

Citing ESG, BNY Mellon Cuts Ties With Controversial Coal Group

8Nov

By Patti MohrNo Comments

Climate Action, ESG, Sustainable Finance, Types of News: Analysis

Citing ESG, BNY Mellon Cuts Ties With Controversial Coal Group

In the Wake Of A COP26-Led Pledge To Transition Away From Coal, Wall Street Takes Notice UPDATE: As of August 11, 2026, a U.S. court dismissed a bribery case against Gautam Adani after the Trump Administration's Justice Department dropped its case against the Indian billionaire and conglomerate chief. Adani had reportedly vowed to put $10 billion in foreign investment into the United States. Meanwhile, the Adani coal project mentioned in this story below moved forward. Private hedge funds picked up where BNY Mellon bank left off. U.S.-based King Street Capital Management and U.K.-based Sona Asset Management financed a 6-year, approximately US$207 million loan for Adani’s coal port operations in Australia in 2025. A year earlier, King Street Capital Management and Farallon Capital Manage...

Biden: To Reach 1.5 Degree Celsius, ‘Marathon’ To Net-Zero Is Needed

2Nov

By Patti MohrNo Comments

Climate Action, ESG, Sustainable Finance, Types of News: Videos

Biden: To Reach 1.5 Degree Celsius, ‘Marathon’ To Net-Zero Is Needed

November 2, 2021--U.S. President Joe Biden addresses the COP26 in Scotland. Here is a clip of his speech from yesterday. https://youtu.be/bGPhBabHMA0 "We’re planning for a both short-term sprint to 2030 that will keep 1.5 degrees Celsius in reach and for a marathon that will take us — take us to the finish line and transform the largest economy in the world into a thriving, innovative, equitable, and just clean-energy engine of net-zero — for a net-zero world. That’s why today I’m releasing the U.S. long-term strategy, which presents a vision of achieving the United States’ goal of net-zero emissions economy-wide by no later than 2050 and reinforces an absolutely critical nature of taking bold action with the — in the decisive decade. We’re also going to try to do our part when it...

‘Climate Change Can Tear Us Apart,’ Italy’s Draghi Says

2Nov

By Patti MohrNo Comments

Climate Action, ESG, Sustainable Finance, Types of News: Videos

‘Climate Change Can Tear Us Apart,’ Italy’s Draghi Says

Italian PM Says Costs Add Up To $390 Billion A Year November 2, 2021--Italian Prime Minister Mario Draghi talks about the social, security and economic costs of climate change. "Climate change can tear us apart," he said at COP26. According to Draghi, risks of a warming Earth include social tensions, migration flows, terrorism and organize crime, among others. https://youtu.be/104FDAEQMtc

Prince Charles Calls for ‘Vast Military-Style’ Effort on Climate

2Nov

By Patti MohrNo Comments

Climate Action, ESG, Sustainable Finance, Types of News: Videos

Prince Charles Calls for ‘Vast Military-Style’ Effort on Climate

November 2, 2021--In his speech to COP26 on Monday, Prince Charles to harness trillions of dollars in private capital to finance a transition to a green economy. https://youtu.be/9voeQ32BqS8 Please visit our affiliate marketing partner and accept cookies. Plant a Tree supports animals and the planet with its work. His remarks are as follows: "Ladies and gentlemen, the COVID19 pandemic has shown us just how devastating a global cross-border threat can be. Climate change and biodiversity loss are no different.In fact, they pose and even greater existential threat to the extent that we have to put ourselves on what might be called a warlike footing. Having had myself the opportunity of consulting many of you over these past 18 months, I know you all carry a heavy burden on yo...

Let’s Talk About Defining ESG –Literally

2Nov

By Patti MohrNo Comments

Climate Action, ESG, Sustainable Finance, Types of News: Analysis

Let’s Talk About Defining ESG –Literally

Photo by Mohr Media As Investors Take Interest In Corporate Policies, Governments Look To Harmonize ESG Disclosure November 2, 2021—As employees, consumers and investors demand greater transparency about corporate practices, there's increasing interest in defining standards for environmental, social and governance (ESG) disclosure. While the concept of ESG has been around for years, leaders in the both public and private sectors are taking a greater interest in refining the definition. Furthermore, as world leaders try to harness the power of the private sector to reach net-zero goals to stem the warming of the climate, ESG becomes even more useful. "Financial markets play a significant role in shifting capital to a sustainable future," Securities and Exchange Commission...

Boris Johnson: World Leaders ‘Must Live Up To Financing Promises’

1Nov

By Patti MohrNo Comments

Climate Action, ESG, Sustainable Finance, Types of News: Videos

Boris Johnson: World Leaders ‘Must Live Up To Financing Promises’

November 1, 2021--The COP26 climate conference kicked off today with speeches from many of the world's leaders. United Kingdom Prime Minister Boris Johnson welcomed leaders to the conference, held this year in Glasgow, Scotland. "When it comes tackling climate change words, blah blah blah, without action, without deeds are absolutely pointless. And our record on deeds is not exactly stellar," Johnson said. He went on to say that world leaders failed to deliver on promises they made to raise $100 billion a year to finance climate action by 2020. "There was absolutely no wiggle room in that. That deadline has come and gone. And we've collectively flunked it." Pointing to countries most in danger of climate change effects, Johnson added, "We need to think about them and take action now ...

1Nov

By Ramsha ZubairiNo Comments

Climate Action, ESG, Sustainable Finance, Energy Policy, Oil & Gas, Types of News: Analysis

Coal, China And Climate Change

Editor's Note: As the COP26 takes place this week, many leaders on climate action are pointing to China and calling on the world's largest emitter of carbon dioxide gas to do more. This is the first of a series of reports on coal production and consumption by contributing writer Ramsha Zubairi. China's Climate Goals Are 'Unimpressive,' Observers Say November 1, 2021—China is the biggest producer, consumer and importer of coal, and as the country’s economy continues to grow post-pandemic, its demand for the commodity moves in the upward direction. That makes China's absence from this year's COP26 especially worrisome for climate activists. With global climate change happening now, it is increasingly necessary to cut down on greenhouse gas emissions. More than 70 percent of e...

COP26 Promises Fall Short Of Climate Needs

28Oct

By Guest WriterNo Comments

Climate Action, ESG, Sustainable Finance, Types of News: Brief

COP26 Promises Fall Short Of Climate Needs

Scottish Event Campus where the COP26 takes place Oct. 31-Nov. 12, 2021. By Matthew Lauster Climate Conference Begins In Glasgow On Sunday; More Than 20,000 Expected To Attend October 27, 2021—As world leaders get ready to meet in Glasgow, Scotland starting Sunday for the COP26 Climate Change Conference, new information from a UN agency shows current promises by countries falling well short of what is needed to stave off warming. The latest report, from the UN Environment Programme (UNEP), estimates that global temperatures will rise at least 2.7 degrees C by the end of the century. "The leadership we need is off, and far off," UN Secretary-General António Guterres said on Tuesday. He added that leaders "need to come to Glasgow with bold, time-bound, front-loaded plans to r...