Friday, March 12, 2021
In the few short weeks since our last report on climate change and the US insurance industry, the volume of climate change news has been extraordinarily high. The range of developments has been broad to say the very least from fund managers announcing new offerings said to be green and sustainable, to critics denouncing fund managers falling short on sustainability, to Aviva, Citibank and Generali (and others) publishing sustainability achievements or new targets to achieve net-zero emissions, to advances by developers and providers of climate change standards and metrics (
e.g., the Geneva Association, Moody’s), to China reiterating goals to reduce its emissions over the next five years, to the politically charged debate within the US Securities and Exchange Commission (SEC) as to which comes first a new global framework of common metrics and standards to help regulators analyze climate change risk disclosures or stepped-up enforcement efforts.
PHX Energy Services Announces Inaugural ESG and Sustainability Report PHX Energy Services Corp. Calgary, Alberta, CANADA
CALGARY, Alberta, March 11, 2021 (GLOBE NEWSWIRE) PHX Energy Services Corp. ( PHX Energy we our or the Corporation ) (TSX: PHX) is pleased to announce the release of our inaugural Environmental, Social and Governance (“ESG”) and Sustainability Report, highlighting our performance, strategies, commitments, and initiatives related to sustainability, ethical business practices and social responsibility.
We are committed to being stewards of the environment, investing in our people, giving back to the community and conducting our business with the utmost integrity. We are proud to share this with our stakeholders through transparent ESG disclosure that discusses the actions we have taken, the results we have achieved, commitments we have made and initiatives we are taking to continually improve. Highlights of our ESG Report in
Finance Wakes Up: But Are ESG Funds the Answer?
Mar 11, 2021
Financial analysts across the globe are slowly waking up to the noisy environmental elephant in the room: climate catastrophe. Investments focused on environmental, social and governance – i.e. ESG funds, have emerged as a knee jerk reaction to the failures of conventional finance. They have also become even more attractive to investors during the worldwide pandemic.
Corporate shareholders, now more than ever, view ESG challenges as a profit-making opportunity. ESG funds, commonly touted as ‘sustainable’ investing, now represent more than
one-third of all professionally managed assets in the United States.
The Tipping Point Fund on Impact Investing Awards a Combined $500,000 in Grants to IIRC and SASB to Help Drive Harmonization of Enterprise Value Reporting
Funding for the International Integrating Reporting Council (IIRC) and Sustainability Accounting Standards Board (SASB) will support efforts to develop a standardized framework for impact reporting and sustainability disclosure that can be used by both investors and companies
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NEW YORK, March 11, 2021 /PRNewswire/ The Tipping Point Fund on Impact Investing (TPF), a donor collaborative vehicle with a mission of scaling the practice of impact investing, today announced that it would award a combined $500,000 in two grants to the International Integrating Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB), nonprofit organizations working to globalize integrated reporting and sustainability disclosure, helping markets better assess the impact or
EY and Enablon announce environmental, social and governance management and reporting solution
- Incorporates leading industry standards and frameworks against which to align and report ESG metrics
LONDON, March 10, 2021 /PRNewswire/ EY and Wolters Kluwer s Enablon, a global leader in integrated risk, operational risk and environmental, health and safety (EHS) management software, today announce an ESG management and reporting solution built on the Enablon cloud software platform to help provide organizations with end-to-end management and reporting of ESG data.
Businesses are prioritizing ESG strategies in large part due to increased investor focus on nonfinancial factors. According to the EY Climate Change and Sustainability Services (CCaSS) Fifth Global Institutional Investor Survey, 72% of investors surveyed say they conduct a structured and formal review of businesses ESG disclosures. In today s fractured landscape with various disclosure frameworks available, organization