The Principles for Responsible Investment has announced the largest collaborative initiative on social issues and human rights, involving more than 220 institutional investors representing over US$30 trillion in assets under management. Launched last week at the PRI’s annual investor conference in Barcelona, the Advance initiative will involve active engagement between 120 of those investors and 40 initial focus companies within the mining and metals and renewable energy sectors.
5 Dec 2022
Efforts to reduce global greenhouse gas emissions must overcome the free-rider problem, and carbon border adjustment measures are the most effective way to level the playing field. But only a revived World Trade Organization could ensure that such a mechanism is applied fairly
2 Dec 2022
The US Securities and Exchange Commission is considering a proposal to require some companies to disclose information relating to the risks they face from climate change. But the agency is coming under pressure to scrap or water down the proposal because of a recent Supreme Court decision
25 Nov 2022
Southeast Asian parliaments have resolved to promote environmental, social and governance (ESG) approaches for both the public and private sectors while urging their governments to develop ESG performance indicators. Members of the Asean Inter-Parliamentary Assembly (AIPA) adopted an ESG resolution on Wednesday, the fourth day of a five-day meeting in Phnom Penh – the first face-to-face gathering of Asean lawmakers since 2019.
24 Nov 2022
A spotlight has been cast on the world’s wealthiest at the 27th United Nations Climate Change conference (COP27) in Sharm el-Sheikh, Egypt, where there have been renewed calls for their investments to be regulated. A wealth tax on the world’s super-rich could raise as much as US$1.4 trillion a year, an amount that could deployed towards supporting countries worst hit by the climate crisis, enabling them to adapt, address losses and damages, and transition to renewable energy.
11 Nov 2022
The “S” component of ESG remains of lesser concern among Asian investors when compared to environmental issues, despite growing awareness and urgency of social issues in the region where the gap between the rich and the poor is wide.
9 Nov 2022
As a much-touted green alliance of financial institutions crumbles, the private sector has once again proven unequal to the task of climate leadership. The global transition to a net-zero economy simply will not happen at the pace that is needed unless states embrace their proper role as a market maker and investor in public goods
7 Nov 2022
The International Monetary Fund and the heads of regional financing arrangements (RFAs) have reaffirmed their commitment to enhancing cooperation in the face of the multiple shocks that are testing the resilience of the world economy. Participants in the seventh High-level RFAs Dialogue, held in Washington DC on October 12, also underscored the urgency of taking concerted and continued action in the global fight against climate change.
13 Oct 2022
Agreena, a Danish agtech start-up that sells carbon credits generated by farmers who transition to more regenerative farming practices, has joined a distributed ledger technology (DLT) test project that aims to incorporate tokenized assets into traditional financial instruments.
22 Sep 2022
Given the geopolitical and climate-driven urgency of phasing out fossil fuels and shifting to a carbon-neutral economy, it is tempting to hand more decision-making power to credentialed experts. Yet whatever advantages a technocratic approach might have would almost certainly be offset by popular resistance and loss of public trust
16 Sep 2022
Singapore’s National Environment Agency (NEA) has signed two memorandums of understanding (MOU) with international carbon offset managers Gold Standard and Verra. The agreements will enable Singapore-based companies to use eligible carbon credits to fulfil a portion of their compliance obligations under the country’s carbon tax regime. They are part of Singapore’s efforts to help operationalize Article 6 of the Paris Agreement on the trading of carbon credits.
31 Aug 2022