Sustainable Growth CSR News

Ottawa's Spending Spree Was the Right Thing to Do, Economists Say

Blog

The federal government’s massive increase in spending in response to the COVID-19 pandemic is contributing to “substantially better” economic outcomes than would have been the case without those measures, while raising net debt levels only marginally over what they would have been, a new Scotiabank Economics report says.

The economic impact of the pandemic on households and businesses would also have been worse without the stimulus, with unemployment reaching 15% as opposed to the anticipated 13%, the report says.

As Deforestation Escalates in the Amazon, Ceres Releases Major New Investor Framework to Drive Urgent Corporate Action

Press Release

New research shows commodity-driven deforestation is associated with five percent of global emissions; and deforestation in Amazon rose 50 percent in the first four months of 2020 as the economy began to collapse 

New Ceres’ Investor Guide to Deforestation and Climate Change calls on investors to tackle deforestation risks at same scale and speed they bring to broader portfolio-wide climate risks

Weathering the Storm - Where Strong ESG Performance Counts

by Catherine Harris - Head of CR + Sustainability, USA
Summary: 

As we start to transition into a new phase of recovery, our attention is turning to the question of what sustainability will look like – and what role it will have to play in a post-COVID world. 

Article

As we start to transition into a new phase of recovery, our attention is turning to the question of what sustainability will look like – and what role it will have to play in a post-COVID world. 

Need for Speed: Scaling up Participation in a Sustainable Economy

Blog

Over the past few years, as better data has made the risks and opportunities associated with climate change more apparent, investors and businesses have begun to invest in sustainable activities and rethink investment in fossil fuels.

Northern Trust Provides $100 Million in Small Business Support

Investment to back CDFIs deploying Paycheck Protection loans
Press Release

CHICAGO, May 11, 2020, /3BL Media/- Northern Trust Corporation (Nasdaq: NTRS) announced today it is providing $100 million in low-cost funding to assist Community Development Financial Institutions (CDFIs) as they provide loans to small businesses and non-profit organizations under the federal Paycheck Protection Program (PPP).

The Dow of Deception: Mark Tulay

Multimedia with summary

As the horrendous economic news continues to pile up, somehow stock prices keep bouncing back, leaving many of us scratching our heads. This week’s guest on Sea Change Radio tries to help us make sense of it all. Mark Tulay, a consultant and expert in the field of sustainable investing, breaks down how Wall St. can essentially ignore economic reality, and how the stock market paints a picture of economic health despite the tens of millions of Americans suddenly out of work. Will Wall St.

Global Environmental Expert Ma Jun: “Market-based Solutions Are the Best Way to Balance Economic Recovery and Climate Action.”

Multimedia with summary

As the globalization of manufacturing has accelerated over the past decade, it has become clear that the greatest share of a company’s environmental footprint is in its global supply chain. 

What the Crisis Has Shown Asset Managers: Industry Leaders Speak Out

by Maha Khan Phillips
Article

The Covid 19 crisis has fundamentally changed things, not least for the asset management industry. Whether it is about focusing on their social purpose, highlighting the importance of staying calm, emphasising leadership, arguing about the need for active management, the development of a systems framework for investing, or stressing the need for sustainability and other key factors, senior leaders tell Professional Investor what the crisis has highlighted for them. 

Business Disruption and a Just Transition

Multimedia with summary

Over the past decade, major economic and social trends have been shifting the nature of work both in the U.S. and globally. The climate crisis, automation, the gig economy and eroding labor rights are just some of the disruptive forces that have upended business as usual for companies and workers. And, now the coronavirus pandemic has put these associated systemic, financial and reputational risks into even sharper focus. Disruptions like these don’t just bring risk—they also offer us chances to learn, to innovate, and to envision a better and more sustainable way forward.

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