Waste is the highest virtue one can achieve in an advanced capitalist society waste puts an extra spin in the global economy. If you put an end to all the waste, the global economy would go haywire”.
This initiative will commit $10 billion in direct investment capital and $100 million in philanthropic support to address the dual disproportionate gender and racial biases that Black women have faced for generations, which have only been exacerbated by the pandemic.
Though COVID-19 pandemic has caused various obstacles for businesses, some companies saw an opportunity to rethink their models and work towards environmental, social and good governance objectives. Drawing on such examples, The ESG Foundation invites you to reflect on 6 ways you too could enhance your businesses’ ESG performance.
A global water crisis is looming, and wherever you work we must act now. California is approaching drought yet again - only four years after the state’s last drought ended in 2017.
In November, the UK will host the 26th UN Climate Change Conference of the Parties (COP26). The summit will bring together climate experts, campaigners, and the 197 Parties who form the United Nations Framework Convention on Climate Change (UNFCC). The conference, which was postponed due to the COVID-19 pandemic, was to mark 5 years after the Paris Climate Agreement.
Environmental and social governance (ESG) is a set of criteria used in the evaluation of how a company functions, concerning both its people and planet. Incorporating ESG factors in company strategy and objectives is becoming commonplace, particularly with the increasing threat of the climate crisis prompting socially and environmentally conscious behaviour by all.
ESG reporting is now a global trend. China’s ambition to reach peak carbon before 2030 and achieve carbon neutrality by 2060 will require Chinese companies to start transitioning to a lower-carbon business now. Corporate reporting of a complete set of environmental, social and governance (ESG) metrics, including making emission data visible and comparable, will be a key ingredient to help regulators make timely policy decisions, guide capital flows, and enable customers to make informed decisions.
Gone are the days where companies solely focused on making profits for their shareholders. Companies are progressively shifting their attention to all of the stakeholders from their owners, customers and suppliers to society as a whole.
Professor Sir Partha Dasgupta’s masterful analysis of how an economic value could be ascribed to nature will surely earn him this year’s Nobel prize for Economics. In the meantime, even if you haven’t the energy to read all 610 pages, Gov.UK has helpfully provided a synopsis here, of the main headlines.
