Economic Growth CSR News

ESG Ratings: Naive Hubris or a Practical Solution for Investors Seeking Responsible Outcomes?

by Katy Quicke
Article

It may come as some surprise that sustainable investing turned a corner as the Covid-19 pandemic upturned the world and played havoc with financial markets.

The global disruption has brought into sharp focus the need for a more responsible approach to world politics and capital allocation.

The vaccine roll-out has switched on the light at the end of a long tunnel and investors are committed more than ever to making the ‘right’ investments, as the lens is once again fine-tuned on climate change and social equality issues.

PNC Announces $88 Billion Community Benefits Plan

Four-year plan developed in connection with PNC's pending acquisition of BBVA USA; Expands economic opportunity support for minorities and low- and moderate-income individuals and communities
Press Release

PITTSBURGH, April 27, 2021 /3BL Media/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced a Community Benefits Plan to provide $88 billion in loans, investments, and other financial support to bolster economic opportunity for low- and moderate-income (LMI) individuals and communities, people and communities of color, and other underserved individuals and communities over a four-year period beginning Jan. 1, 2022.

Fifth Third Momentum® Banking Offers Ease of a Digital Bank with Personal Support When You Need It

Features include Early Pay, Goal-based Savings and No Monthly Maintenance Fee
Press Release

CINCINNATI, April 27, 2021 /3BL Media/ – Fifth Third Bank, National Association, is proud to launch Fifth Third Momentum® Banking – a first of its kind, everyday banking solution. It combines the features and innovation of a digital-first bank with the security, reliability and local presence of a 163-year-old institution committed to the communities it serves.

Global Initiative Grows to 87 Investors Managing $37 Trillion, With the World's Three Largest Asset Managers Now Committing to Net Zero Goal

Summary: 

Ahead of Earth Day and Leaders Summit on Climate, the Net Zero Asset Managers initiative announces it now includes BlackRock, Vanguard, and State Street Global Advisors Asset managers promise to work with clients to reach net zero emissions by 2050 or sooner and set 2030 emissions reduction targets

Press Release

Ahead of Earth Day and Leaders Summit on Climate, the Net Zero Asset Managers initiative announces it now includes BlackRock, Vanguard, and State Street Global Advisors Asset managers promise to work with clients to reach net zero emissions by 2050 or sooner and set 2030 emissions reduction targets

How Plant-Based Diets Can Help Restore Our Earth

Herbalife Nutrition celebrates Earth Day by sharing sustainable nutrition solutions to help save our planet
Blog

According to the Food and Agriculture Organization of the United Nations, world food production will need to increase by an estimated 70 percent to feed 10 billion people alive by 2050. To provide them with a nutritious diet, global food systems and eating habits need to change.

To achieve sustainability within food systems, we need to meet the nutritional demands of everyone now while also reducing the environmental impact for future generations. 

Sustainable Nutrition: A Path to Restoring Our Earth

Creating Financial Victories on the Homefront

Wells Fargo and Military Warriors Support Foundation help veterans build financial stability with mortgage-free homes and mentorship.
Blog

Marcus Mason was just 17 when he went off to war as a Marine — first to Afghanistan and then to Iraq before a combat injury ended his tour.

Today, a program by Military Warriors Support Foundation and Wells Fargo has made the former Georgia native a victor on the financial homefront in Jacksonville, Florida.

The Butterfly Effect

Article

It isn’t often that the arrival of an electricity bill puts a smile on a customer’s face – but the first bill of 2021 was an exception for 70-year-old retiree Carrie Chui, who lives with her husband in Hong Kong’s New Territories.

“It was like sunshine on a rainy day,” she says. 

With the bill came two coupons worth HK$50 each, just in time for the Chinese New Year holiday as the couple prepared for their festive celebrations.

Land Betterment Corporation Secures Initial Funding of its Impact Notes

Growth capital will support job creation and sustainable economic development throughout Central Appalachian and Midwest communities
Press Release

FISHERS, Ind., April 13, 2021 /3BL Media / Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining and industrial sites to create sustainable community development and job creation, today announced the Company has successfully secured a commitment of $3.0 million of funding under its Impact Note. 

The Document That Transformed Hong Kong's Power Industry

Article

It’s the document that allows CLP to bring electricity into the homes of 2.65 million Hong Kong customers, and an agreement that played a key role in helping the city grow from a fishing port into a world-famous metropolis.

The Scheme of Control (SoC) agreement is a vital document that sets out the basis for CLP to do business and serves as a framework by which the government monitors CLP's financial, operational, and environmental performance. 

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