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Last year, the UN declared this the 'Decade of Action,' calling on governments, businesses and other stakeholders to act toward 17 sustainable development goals that include ending poverty and hunger, increasing health and well-being, providing clean water and clean energy, and boosting industry, innovation and infrastructure.
Investors are in a unique position to facilitate progress in these directions by funding efforts that align with their values. ESG - environmental, social and governance - investing has taken off in recent years, and new developments indicate that seeking out sustainability-focused assets might not be merely niche interest.
According to Bloomberg Green, risks such as climate change, unfair labor practices and corporate ethics will become even more pressing for banking institutions within the next two years. A Deloitte survey found financial leaders now recognize environmental risks as the biggest challenge to contend with - even more so than more obvious industry issues like cybersecurity, credit and compliance.
And because one's own efforts feed into the success of others, business leaders, investors and clients will have a greater stake in the ESG initiatives of those with whom they do business.
The U.S.'s reentering the Paris Agreement is expected to be a major driver of this sort of accountability. The Biden administration has paused regulations barring Wall Street lenders from refusing to serve businesses whose practices could be detrimental to their reputations, such as oil drilling companies and gun manufacturers. Meanwhile, the U.S. Federal Reserve recently formed a committee tasked with supervising banks on climate-related efforts, and many are anticipating new disclosure requirements related to a company's ESG framework.
Accountability, we believe, is a crucial component to collaboration and cooperation. And collaboration and cooperation will be crucial to affecting change.
The Virginia House of Delegatespassed a billdeclaring 'clean, potable and affordable water' a basic human right. If passed by the Senate, the legislation will decriminalize non-payment of water bills.
The Empire State Building and 13 other buildings owned by the Empire State Realty Trust are nowpowered entirely by wind.
Floating wind turbinescould make it possible to expand the number of places it's possible to generate renewable power.
The Review on the Economics of Biodiversity, a new study commissioned by the British government, recommends a system ofcompensating naturefor the use of its resources.<_o3a_p>
The Nobel laureatePaul J. Crutzendied Jan. 28 in Mainz, Germany. He was 87. Crutzen was a Dutch scientist who discovered that certain chemicals attack the ozone layer. He and his colleagues are credited with warning the world of the threat climate change would pose.
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Novus Capital Corporation published this content on 09 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2021 12:06:03 UTC.
