A global survey finds that while Asian investors are highly concerned about climate risk, only one in five diligently look at Scope 3 emissions – which typically make up the bulk of a company’s emissions – when sizing up investments.
Fewer issuers are now linking sustainability metrics to their executive compensation, overall business strategy and financial performance, even as sustainability reporting improves, finds a study by Singapore’s market regulator.
Singapore's Building and Construction Authority is incentivising new buildings that use electric rather than gas cooktops with a tweak to its green buildings certification scheme.
The South Korean electronics giant has been criticised for relying on renewable energy certificates rather than "high impact" methods to reduce emissions and publishing potentially misleading emissions reduction data.
The first global sustainability reporting standards, to include new requirements for Scope 3 emission, is expected to be published in June 2023. Energy companies would be wise to have robust decarbonisation plans, as opportunities for greenwashing will be limited once full emissions are reported.
By
Christina Ng
Despite the increasing urgency of the climate crisis, many of the world’s most powerful financial actors have continued to invest in the fossil-fuel industry. But a new trend in the law is forcing institutional investors to decarbonise their portfolios – or be held legally accountable.
By
Bevis Longstreth and
Connor Chung
EB Studio
Investors are starting to feel the effects of climate change in an unexpected place – their financial returns. There are now growing calls within the business community to improve the quality and coverage of climate risk disclosure.
Logging scars landscapes, destroys habitats and is a major contributor to climate change. Here's how old Android smartphones--that might otherwise end up in a landfill-- are being used to stop illegal logging and curb climate change impacts.