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This analysis of ESG and sustainable finance issues originally appeared in GreenFin Weekly, our free email newsletter. Sign up here.
As we begin another year of what s being referred to in climate circles as the decade to deliver, it is being defined by ESG, driven by shareholders and aided by new disclosure requirements on climate risk and human capital management. The bottom line is that businesses now actively compete for capital based on ESG performance, and that competition needs to be open, fair and transparent, Allison Herren Lee, acting chair of the Securities and Exchange Commissioner, said.
A lot of the information that investors want is not included in company financial filings or sustainability reports, which in the U.S. currently rely on voluntary ESG reporting standards and frameworks, said Anne Simpson, managing investment director for board governance and sustainability at the California Public Employees Retirement System (CalPERS),
Carney, OTPP CEO set timelines for climate friendly economy at Davos
Anita Balakrishnan, The Canadian Press
We need to get past the fossil fuel age, level the playing field for renewables: Climate scientist VIDEO SIGN OUT
Two Canadian investment leaders endorsed a transition to clean energy at a virtual Davos World Economic Forum on Wednesday, as more investors worldwide push for concrete sustainability commitments.
Former Bank of Canada governor Mark Carney said that politicians can help markets finance the transition to zero-emission economies by setting credible forward commitments.
Canada s carbon pricing plan is an example of a forward commitment, Carney said, since it would hike the federal tax to $170 a tonne by 2030 from $30 currently.
Canada’s carbon pricing plan is an example of a forward commitment, Carney said, since it would hike the federal tax to $170 a tonne by 2030 from $30currently. I think we re reaching the tipping point. The question is execution. How is that political will channelled? said Carney, who was speaking in his capacity as United Nations Special Envoy for Climate Action and Finance.
He pointed to recent COVID-19 vaccine purchase agreements as an example of the power of putting political will behind contracts.
Carney, who is also vice-chairman at Brookfield Asset Management, said that financial and economic markets will adjust to future goals, such as upcoming bans of internal combustion engines in Europe. Carney pointed to his research with U.S. Treasury Secretary and former Federal Reserve chairwoman Janet Yellen, which suggested that markets will smooth out the carbon price hikes.
The News Scroll 28 January 2021
Last Updated at 1:40 am | Source: PTI
Many companies staying away from investments that generate carbon: Bill Gates Outlook January 28, 2021 01:40 IST Many companies staying away from investments that generate carbon: Bill Gates outlookindia.com 1970-01-01T05:30:00+0530
New Delhi/Davos, Jan 27 (PTI) Many companies have begun taking carbon into account when they make investment decisions and they stay away from investments that are generating carbon, top entrepreneur and industry leader Bill Gates said on Wednesday.
At a panel discussion on carbon markets during the World Economic Forum s online Davos Agenda Summit, Gates further said the next big step would be getting people to put their money into things that are proveably having a positive impact on the environment.
Winnipeg Free Press By: Anita Balakrishnan, The Canadian Press Posted:
Last Modified: 4:17 PM CST Wednesday, Jan. 27, 2021
TORONTO - Two Canadian investment leaders endorsed a transition to clean energy at a virtual Davos World Economic Forum on Wednesday as more investors worldwide push for concrete sustainability commitments.
In this file photo dated Monday, Dec. 16, 2019, Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London. THE CAADIAN PRESS/AP-Photo/Kirsty Wigglesworth
TORONTO - Two Canadian investment leaders endorsed a transition to clean energy at a virtual Davos World Economic Forum on Wednesday as more investors worldwide push for concrete sustainability commitments.