Sustainable Finance CSR News

Scotia Global Asset Management Launches Suite of Scotia Low Carbon Funds, Announces Other ScotiaFunds Name Changes

Press Release

TORONTO, Nov. 23, 2020 /3BL Media/ - Scotia Global Asset Management today announced the launch of a suite of Scotia Low Carbon Funds, diversified portfolios of high-quality investments designed to provide a lower carbon intensity than the broader market: 

Climate Change Strategy at Northern Trust

Article

Northern Trust recognizes that the long-term viability of our business and our clients is tied to the health and well-being of our planet. We therefore commit to protecting the environment and mitigating any negative environmental impacts from our operations.

Ceres Accelerator Commends U.S. Federal Reserve for Affirming Climate Change As a Risk to Financial Stability

Affirmation comes days after Federal Reserve Chairman Powell confirms agency's responsibility to protect against systemic risk of climate change
Press Release

November 11, 2020 /3BL Media/ - The U.S. Federal Reserve included climate change in a list of key risks to U.S. financial stability today, in what Steven M. Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets calls "a dramatic step toward tackling climate change as a systemic financial risk.”

S&P Global Completes 11th Annual Environmental Disclosure Through CDP

Summary: 

Disclosure highlights Company’s commitment to sustainability; since 2013, S&P Global has decreased greenhouse gas emissions 31% and energy use by 37% across its facilities.

Press Release

Disclosure highlights Company’s commitment to sustainability; since 2013, S&P Global has decreased greenhouse gas emissions 31% and energy use by 37% across its facilities.

A $1 Trillion Manager's Europe Boss Says ESG Stood the 2020 Test

By Ksenia Galouchko
Summary: 

Marie Dzanis, head of EMEA for Northern Trust Asset Management, says sustainable investing outperformed during market volatility and extremely rough economic conditions. 

Article

Marie Dzanis, head of EMEA for Northern Trust Asset Management, says sustainable investing outperformed during market volatility and extremely rough economic conditions. 

100+ Advocates Join the Poverty is Unnecessary Project 2020

City of Austin, Texas Proclaims October 25th, 2020 as Poverty is Unnecessary Day
Blog

The Whole Planet Foundation Poverty Is Unnecessary Project includes Poverty Is Unnecessary Fund members donating $25,000 each to alleviate global poverty and culminates in the Poverty Is Unnecessary Online Auction & Celebration on October 25th.  This year, the online event marks 15 years of this work by Whole Planet Foundation and its passionate su

Pandemic Presents Both a Challenge and Opportunity for Start-Ups: Tangerine CEO

Blog

The accelerated digital transformation brought on by the pandemic means that startups must in turn quickly pivot their business models to the new normal, but these challenges also open up opportunities for entrepreneurs to respond.

That’s a key message heard during a recent Canadian Club Toronto virtual panel focused on advice and best practices for Canadian startups and how to set women entrepreneurs up for success.

International Paper Demonstrates Environmental Transparency by Disclosing Through CDP

Press Release

MEMPHIS, Tenn., November 1, 2020 /3BL Media/ International Paper, one of the world’s leading producers of renewable fiber-based packaging, pulp and paper, announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform. The company has disclosed through CDP for the past 20 years, and for 2020 completed CDP’s climate change, forests and water security questionnaires.

First-of-its-kind Report Finds U.S. Banking Sector Far More Exposed to Climate Risk Than Previously Understood by Stakeholders, Disclosed by Banks

Press Release

More than half of syndicated lending of major U.S. banks is exposed to climate risk, potentially leading to significant losses for the banking sector and the broader economy.

Calls grow louder for U.S. banks to set Paris-aligned emissions reduction targets in the coming year.

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