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E Sun Financial commits to Business Ambition for 1 5°C

E.Sun Financial Holding Co (玉山金控) has signed the “Business Ambition for 1.5°C” pledge for this year, and has set intermediate targets approved by the Science Based Targets initiative, it said on Friday last week. E.Sun said in a statement that it is the first financial institution in Asia to adopt the 1.5°C climate target, an initiative in line with international standards. The company has set mid and long-term goals, it said, adding that it is announcing before Earth Day that all of its local buildings are to be converted into green buildings by 2027. Its domestic locations are set to use 100 percent

Goldman Sachs a net zero hero? | Asia Asset Management

Economic behaviour is, for better or worse, a numbers game. The quantification of human relationships is one way for mankind to convince itself that its arbitrary values have external, objective significance. It’s the kind of thing a social Darwinist can point to, to try to justify exploitation and egotism. It’s what a game theorist can use to mathematically derive the Golden Mean. It’s what drives an immensely complex network of interlocking, interacting numerical systems like the global economy. So it’s interesting to see what one of that system’s presiding geniuses is putting into its own numbers game. Goldman Sachs has just released an update on its sustainable finance commitments, including new initiatives in the sustainability area. Chairman and Chief Executive Officer David Solomon points out that Goldman has already committed, as of just over a year ago, US$750 billion by 2030 in financing, investing, and advisory activity to nine areas focused on climate change an

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