Peeyush Dalmia, Senior Partner, McKinsey & Company, says,...
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Climate, Environment, Renewable Energy
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COP29 climate talks urged to find $1 trillion a year for poorer countries
A previous goal of $100 billion per year, which expires in 2025,...
10 most climate-vulnerable countries got less than $1 year climate finance: Report
The data also shows the 10 countries most affected by climate...
Extreme flood events once again drive high losses in 2021, 75% of flood risks remain uninsured: Swiss Re
Sigma records show that flooding is by far the most frequently occurring natural peril. In the past decade, there were approximately three times as many major flood events as tropical cyclones Yet, Swiss Re Institute finds that over the past decade, only 5% of severe...
Goldman Sachs pushes directors for more climate data
Since 2020 Goldman has engaged with 271 companies making insufficient emissions disclosures, Winner said. Less than 100 of them have made no improvement, making directors vulnerable A U.S. Securities and Exchange Commission rule unveiled Monday calls for more...
Carbon-based taxation system to help OEMs commit more towards green tech: Lexus
''We have seen in developed nations that carbon-based taxation has taken precedence over any other way to define vehicle taxation policies that we think solves many purposes,'' Lexus India President Naveen Soni told PTI in an interaction A carbon-based taxation system...
Biodiversity loss poses global financial threat, report says
While climate change has shot up the agenda, the related issue of lost biodiversity has been neglected even though it too can have a major economic impact, a report by the Network for Greening the Financial System (NGFS) and the International Network for Sustainable...
Marsh launches ESG Risk Rating to measure companies’ ESG performance
``With the ESG Risk Rating, we are providing our clients with a clear framework from which to better understand their ESG performance, make more informed investment decisions, and realize better risk management outcomes,” said Amy Barnes, Head of Climate and...
U.S. SEC proposes companies disclose range of climate risks, emissions data
It would also require companies to disclose greenhouse gases generated by suppliers and partners, known as Scope 3 emissions, if they are material or included in any emissions targets the company has set SEC chair Gary Gensler said the agency was responding to...
U.S. ESG shareholder resolutions up 22% to record level for 2022, study finds
Many seek details on carbon emissions or workforce diversity. Successes activists scored last year such as changing directors at Exxon Mobil Corp could make directors look at proposed changes more favorably, said sponsors of the review U.S. corporations face an...
31 pc of total office spaces in top 6 cities certified as green buildings: Report
Apart from offices, the concept of green buildings is now catching up in residential segments as well, and many developers are constructing such projects New Delhi: Nearly one-third of total office spaces in six major cities have been certified as green buildings, as...
Swiss Re cuts fossil fuel cover for oil, gas to protect climate
In its annual sustainability report released Thursday, Swiss Re said it would no longer insure projects that get the go-ahead from their parent company from 2022, unless the company has an independently verified, science-based plan to reach net-zero emissions Now, the...
Shell directors may face lawsuit over climate transition plans
The ClientEarth lawyers said they are seeking to hold the directors personally liable for what they consider to be a failure to adequately prepare for the global shift to a low-carbon economy, claiming an alleged breach of the directors’ duties under the UK Companies...