Fifth Third Bank Joins Ceres Company Network, Sets Sustainability Goals
(Credit: Pixabay)
Fifth Third Bank has joined the Ceres Company Network. By joining, Fifth Third has become part of a network of 60 companies who commit to achieving specific sustainability goals, improving resiliency in their operations and supply chains, and advancing market-based and equitable solutions to the world’s biggest sustainability challenges.
The Ceres Company Network provides members with access to Ceres experts and a range of peers and stakeholders, including investors and policymakers, to gain various perspectives and guidance in sustainability at this critical time. Members are given clear insight into best practices for achieving sustainability goals as detailed in the Ceres Roadmap 2030.
Lithium extraction techniques increasingly under ESG scrutiny – report
Large evaporation pools, which generally sit for over a year, can leak toxic chemicals and contaminate bodies of water. (Stock Image)
Despite lithium’s role as the critical raw material to advance global decarbonisation strategies, the controversial nature of the sustainability of lithium operations is rising to the fore, highlights a new report by market researcher
Fitch Solutions.
Given a backdrop of rapidly rising lithium demand as the global energy transition to more sustainable sources gathers momentum, companies positioned along the battery supply chain will continue to invest in research and technology to reduce the environmental impact of lithium extraction. Government pressure and a rise in Environment Social and Government (ESG) investing will motivate firms to alter existing techniques.
Finnfund First Development Financier To Report Carbon Net-Negative Investment Portfolio Date
04/05/2021
Finnish development financier and impact investor Finnfund today released data showing that its total investment portfolio has a net negative carbon balance. The figures for 2019 indicate that Finnfund’s investments removed 134,679 tCO2e more than they emitted. In 2019, Finnfund’s investment portfolio was EUR 617 million.
“I am extremely proud that we have been able to build an investment portfolio which, on the one hand, is carbon net negative, and on the other yields positive development impacts and financial returns. This shows that our long-term commitment to sustainable forestry investments is working: our investments remove more carbon from the atmosphere that they emit. We are committed to keeping it that way,” said Finnfund Managing Director, CEO
Opinion: It s time to acknowledge the role banks and insurers have in reaching climate goals theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Public health emergencies, social and economic inequality and the ramifications of climate change stand among the most immediate and pressing global issues of our time. In response, governments, corporations and investors have rallied around sustainability efforts, not only to preserve our planet for current and future generations, but also to improve the standard of living for diverse communities.
Morgan Stanley has been a leader in prioritizing environmental, social and governance (ESG) practices for more than a decade. Now, the firm has pledged to mobilize at least $750 billion of low-carbon solutions, tripling our original commitment set in 2018. This enhancement is part of a larger goal to facilitate $1 trillion of sustainable solutions by 2030 that support the United Nations’ Sustainable Development Goals a scale of capital that reflects the growing severity and urgency of these global challenges.