Sustainable Investment 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.

Scotiabank Launches New Sustainable Finance Group Within its Global Banking and Markets Division

Press Release

TORONTO, July 2, 2020 /3BL Media/ - Recognizing its unique opportunity as a global financial organization to advance climate transition and promote sustainable economic growth, Scotiabank is pleased to announce the launch of a new Sustainable Finance Group within its Global Banking and Markets (GBM) division. The new team will further Scotiabank's Climate Commitments, announced in November 2019, to support clients in the transition to a low-carbon economy, decarbonize its own operations and contribute to the global conversation on climate change. 

How Investors Can Help Make the 2020s a Decade of Climate Action

Commit, report and drive change in your portfolio companies. Here are tools to help align your investments with the 1.5°C scenario and accelerate the transition to a low-carbon economy.
Press Release

The world must halve carbon emissions by 2030 to stay below 1.5°C of global warming and avoid catastrophic climate change. That requires transitioning to a low-carbon economy as nearly three-fourths of global carbon emissions arise from use of fossil fuels. The COVID-19 pandemic has added to the challenge of meeting these formidable goals but is also a historic opportunity to build back better. 

Climate Action 100+ Investor Signatories Achieve Major Gains During 2020 U.S. Proxy Season

Corporate lobbying, governance proposals receive record levels of shareholder support at virtual annual general meetings and help to advance initiative’s aims
Press Release

June 23, 2020 /3BL Media/  - Proposals filed by Climate Action 100+ investor signatories calling on major oil and electric power companies to disclose lobbying activities and improve governance on climate change garnered record levels of support at this year’s U.S. Proxy Season. 

How Can Successful Stewardship Be Meaningfully Reported?

Based on a roundtable discussion attended by asset owners, investment consultants, asset managers, civil society leaders and regulators
Article

This whitepaper captures the discussion from a roundtable, convened by Helen Pradas-Page on 3 March 2020, under Chatham House rules, where we asked the question ‘How Can Successful Stewardship be Meaningfully Reported?'

Inclusive Fintech 50 Launches 2020 Edition to Identify and Elevate Early-Stage Fintechs Driving Financial Inclusion and Resilience

The initiative aims to unlock resources for innovative startups providing low-income households and businesses with financial tools that can help them support their livelihoods and build financial resilience.
Press Release

Washington DC, June 15, 2020 /3BL Media/ – A group of global organizations driving innovation and investment in financial services for low-income populations announced the launch of the 2020 Inclusive Fintech 50 application period. In its second year, the initiative will identify a cohort of 50 high-potential, early-stage, and innovative fintech startups driving financial inclusion and resilience for the 3 billion financially underserved people worldwide.

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. 

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