Finance - Sustainability Online

Sustainability leaders in Belgium and Luxembourg increasingly find themselves 'at a crossroads', as they seek to demonstrate measurable business value from ESG, KPMG has said

Sustainability leaders in Belgium and Luxembourg ‘at a crossroads’, says KPMG

1 month ago1 month ago3 mins

Sustainability leaders in Belgium and Luxembourg increasingly find themselves ‘at a crossroads’, as they seek to demonstrate measurable business value…

BNP Paribas Asset Management has called for more investment capital to be directed towards 'transition finance' for hard-to-abate industries such as steel, cement and heavy transport, in order to ensure a meaningful transition.

More investment in ‘transition finance’ needed for hard-to-abate industries, says BNP Paribas

2 months ago1 month ago4 mins

BNP Paribas Asset Management has called for more investment capital to be directed towards ‘transition finance’ for hard-to-abate industries such…

Pile of U.S. hundred-dollar bills overlapping on a surface

Developed countries exceed $100 billion climate finance target for third consecutive year: OECD

2 months ago1 month ago6 mins

Climate finance continues to accelerate, the OECD has said, with developed countries exceeding the $100 billion climate finance target for…

India's banks and financial institutions are 'failing to recognise and integrate climate risks into their business model', instead largely treating sustainability as a compliance issue, Bengaluru-based think tank Climate Risk Horizons has said.

India’s financial institutions largely treating climate risk as a compliance issue, report claims

2 months ago2 months ago3 mins

India’s banks and financial institutions are ‘failing to recognise and integrate climate risks into their business model’, instead largely treating…

Risks to the global economy from extreme weather are likely to 'escalate sharply' in the coming years, and could result in close to $1 trillion in economic losses, a new report by CDP has suggested.

Extreme weather risks could lead to nearly $1 trillion in global economic losses, says CDP

2 months ago2 months ago3 mins

Risks to the global economy from extreme weather are likely to ‘escalate sharply’ in the coming years, and could result…

The World Bank Group has announced an 'extension' of its Climate Change Action Plan (CCAP), which will see it shift away from financing targets towards measuring development outcomes.

Just two of the world’s top financial institutions have commitments to phase out fossil fuels

2 months ago2 months ago4 mins

Only two of the world’s 400 largest financial institutions have ‘robust commitments’ in place to phase out fossil fuels, new…

The World Bank Group has approved a $1 billion financing package to support Egypt's transition to a greener economy, as well as efforts to boost job creation and strengthen macroeconomic and fiscal resilience.

World Bank announces support for Egypt’s green economy transition

2 months ago2 months ago3 mins

The World Bank Group has approved a $1 billion financing package to support Egypt’s transition to a greener economy, as…

Sustainability is 'increasingly impacting' the economics of the fashion industry, despite leadership attention waning, a new report by Boston Consulting Group (BCG) and Global Fashion Agenda (GFA) has said.

Sustainability becoming a core financial issue for fashion firms, report says

2 months ago2 months ago4 mins

Sustainability is ‘increasingly impacting’ the economics of the fashion industry, despite leadership attention waning, a new report by Boston Consulting…