Executives in the oil and gas industry could stand to lose their jobs if they ignore climate change or don’t drive their companies to move quickly enough, according to a new report. Oil and gas companies could even be held legally responsible for their role in climate change.
Announced in 2020, the much-anticipated Taskforce on Nature-related Financial Disclosures (TNFD) has launched today, aiming to help businesses assess nature-related risks and opportunities, such as legal liabilities and systemic loss of soil fertility. A framework for reporting and action is expected by 2023 to support a shift in global financial ... Read more »
In a move that aligns with the triple bottom line approach of sustainability, California has passed new rules for its utilities to adopt a ‘total system benefit’ (TSB) metric for energy efficiency programs. Historically, energy efficiency programs, such as lighting and appliance upgrades, have concentrated primarily on a single benefit ... Read more »
With 8.1 million job openings and 9.8 million unemployed Americans looking for work, according to Kenan Institute, a partner of University of North Carolina Kenan-Flagler Business School, there is a lot of career movement in the workplace. Sustainability is an especially hot hiring space right now, and likely will remain ... Read more »
Globally, we waste about 1.4 billion tons of food annually, and wasting food contributes to 11 percent of the world’s greenhouse gas emissions, according to this 2021 Guide. The United States discards more food than any other country in the world – nearly 40 million tons every year. That’s estimated ... Read more »
“The time has come to question whether institutional investors’ continued emphasis on climate disclosure is justified,” writes Thomas O’Neill in Responsible Investor. He adds, “Investors overwhelmingly view climate risk disclosure as uninformative and imprecise. ESG ratings are wildly inconsistent.” Ken Picker, former Chief Operating Officer of Timberland, agrees, stating that ... Read more »
In the run-up to COP26, the UN climate change conference to be held in Glasgow this November, the International Energy Agency (IEA) issued a strong warning on the need to drastically scale back fossil fuels in its May 2021 Net Zero by 2050 Report and roadmap for the global energy sector.
Nearly 150 investors with $5.35 trillion in assets under management have signed a statement calling for stronger methane regulations and enforcement in the United States. Key signatories include Allianz SE, CalSTRS, Legal & General Investment Management and Wespath Benefits and Investments.
Businesses and investors worth more than $1.4 trillion have called on the Biden administration to support an ambitious climate policy that will “build a more resilient, equitable and inclusive net-zero emissions future.”
For decades, the tried-and-true formula in Asia had been to mobilize national industrial policy. Some methods have indeed seen significant success in the region. But like any model, their implementation has been fraying in recent years...
Concern among corporations regarding increasing CO2 emission rates is driving the growth of the global carbon footprint management market. The market, currently estimated to be at about $9.2 billion in 2020, is expected to grow at a CAGR of 7.5% to reach $13.2 billion by 2025,
The EPA classifies PFAS compounds as “emerging chemicals of concern,” meaning the agency cannot enforce any of the guidelines set for PFAS substances. The latest evolution of their initial draft suggests the agency will be renewing its efforts to impose formal regulations.