Published 19 minutes ago Submitted by Acre Welcome to Acre’s Sustainable Finance Insights Series, where we’ll be highlighting key sustainability topics for the financial sector. This month, we’ll be focusing on social impact. The global financial services sector has woken up to the fact that the “S” in ESG can – and should – go … Read more
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TotalEnergies signs are seen at a petrol station in Nice, France, October 10, 2022. REUTERS/Eric Gaillard/File Photo Acquire Licensing Rights CAPE TOWN, Nov 17 (Reuters) – Banks and other financiers should withdraw their support of TotalEnergies’ (TTEF.PA) $20 billion liquefied natural gas (LNG) terminal in Mozambique, environmental lobby groups urged in a letter sent to … Read more
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NEW YORK, Nov 2 (Reuters) – FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace. A 12-member jury in Manhattan federal court convicted Bankman-Fried on all … Read more
Headline speakers also include former OpenAI director Zack Kass and Meta oversight board co-chair Helle Thorning Schmidt Nobel Peace Prize winner Lech Walesa and prominent futurologist Zack Kass, architect of ChatGPT’s go-to-market strategy, are among the headline speakers lined up for the International Bar Association’s (IBA’s) 2023 Annual Conference in Paris. More than 6,000 delegates … Read more
In 2021, almost two-thirds of respondents said they considered environmental, social and governance (ESG) factors when investing. In 2022, that number was 60%, and this year it’s 53%, according to the annual ESG Attitudes Survey from the Association of Investment Companies. Asked why they were over ESG, the top reason given was that performance was … Read more
Running a business is hard these days. Heavy-handed regulations and higher taxes are expected when leftists are in power. But industry became shell-shocked when traditional conservative allies targeted corporate environmental, social, and governance practices. No wedge has shredded the historic alliance between these long-standing allies more than such disputes. This spring, waves of anti-ESG legislation … Read more
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[1/3]U.S. Treasury Secretary Janet Yellen speaks during an interview in New York City, U.S., September 18, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing Rights NEW YORK, Sept 19 (Reuters) – “Net-zero” financing commitments from banks and asset managers should align with goals to limit the global average temperature increase to 1.5 degrees Celsius and be backed … Read more
B P has seen its shares weather the storm caused by the shock departure of boss Bernard Looney after he admitted failing to disclose the extent of past relationships with colleagues. Shares in the FTSE 100 oil giant dropped as much as 1.8% after the London market opened on Wednesday, but soon pared back losses … Read more
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UAE commits to buying $450 mln of carbon credits Summit aims to show Africa as destination for climate investment Germany announces $65 mln debt swap with Kenya NAIROBI, Sept 4 (Reuters) – An initiative to boost Africa’s carbon credit production 19-fold by 2030 drew hundreds of millions of dollars in pledges on Monday, as Kenyan … Read more
The private sector should be a natural ally when it comes to tackling our growing climate challenge. The business community is, after all, equipped for rapid innovation, scalability, and systemic change – skills that are necessary to successfully curb emissions and meet our climate goals. I have seen this unique opportunity for private sector leadership … Read more