By Benjamin J. Bailey, Praxis Mutual Funds & Everence Financial
With the recent announcement that the European Union will begin issuing green bonds starting in October of 2021 and predictions that have annual green bond issuance hitting $1 trillion by 2023, many have been left wondering: “What exactly is a green bond?”
For the longest time, companies have measured corporate performance in terms of how much revenue they generated, how many factories they operated, and how profitable they were. Other considerations, such as sustainability, the efficient use of resources, carbon emissions, and the impact on the environment were secondary in many senior executives’ and policy makers’ minds – if they featured at all.
October 9, 2020 /3BL Media/ - With economies, families and communities being impacted by the pandemic and ongoing challenges such as climate change, we are committed to being a force for positive change and to supporting businesses and local communities. As a part of our commitment, UPS is opening a new hub in Barcelona that has been designed to rigorous global certification standards for energy performance.
In December 2019, the European Commission announced the #GreenDeal. Put another way an entire continent declared climate neutrality to be a common goal by 2050 and positioned itself as the mastermind and implementer. Let that sink in!
I remember a time when ideas like environmental protection, climate neutrality, and energy efficiency were political issues. When these issues were discussed, camps on either side of the issues divided into “activists” and “realists”; the Greens and the Conservatives. Some went on to demonstrate and others went to the office. These were the 70s, 80s, and 90s of the past century.
Eszter Vitorino appointed to the European Commission’s Technical Expert Group on Sustainable Finance
July 4, 2018 /3BL Media/ - Following the adoption of the UN Sustainable Development Goals in 2015, the EU has mobilized many initiatives to support the global move towards a sustainable economy. One of these is the EU Sustainable Finance strategy, which focuses on examining how to integrate environmental, social and governance considerations into the European Union’s financial system.
One of the world’s foremost experts on supply chain management, audits and investigations will offer critical insights into improving and sustaining high-performing end-to-end due diligence processes that help companies and suppliers comply with a growing number of regulations in the European Union.
Starting this year, large companies based in the European Union will need to disclose additional non-financial information in their annual reports, specifically policies, risks and outcomes related to environmental issues, respect for human rights and anti-corruption.
In a recent decision, the European Union reported it reached an agreement concerning how it will regulate conflict minerals. The new guidelines set forth will require that companies who are involved in the importing of tin, tungsten, tantalum and gold (3TG)) perform their due diligence to ensure that the minerals they purchase are not from conflict/high-risk sources.