A look back at some of the top sustainability stories on eprivateclient...
Ogier Sustainable Investment Consulting appointed Hardik Shah as a client director in Singapore.
Mr Shah has more than 15 years' experience in environmental, social and governance (ESG) research and investing, climate change and carbon credits advisory and business intelligence.
Prior to joining Ogier, he was responsible for building investment and asset management firm GMO's global ESG capability across investment product areas and asset classes.
Climate change is an often neglected area among philanthropists globally. But for those looking to really move the dial on an issue with world wide impact it offers significant opportunities, and wealth managers have a key role to play.
Four consecutive reports from the ClimateWorks Foundation have found less than two percent of global philanthropic giving goes towards climate mitigation efforts. While 85 percent of US foundation funders ranked climate change as a top three concern, only about one third expressed openness to even consider funding efforts to tackle it.
Of the funders surveyed, 79 percent said climate change was not currently part of the foundation’s mission; 39 percent said their board has limited interest or willingness to address the climate crisis; and 35 percent said the climate problem is too big. [Read more here from Laura Miller]
With the first year-long breach of the 1.5°C warming limit, business leaders around the world continued to recognise the disruptive force that climate change will be for their business, according to analysis from PwC’s 27th annual chief executive survey.
The data revealed that 28 percent of UK chief executives say they are moderately or extremely exposed to the threat of climate change over the next 12 months, with a quarter (24 percent) that expect climate change to shift the way they create, deliver, and capture value over the next three years.
As a result, climate change remains high on the agenda for UK chief executives, with 43 percent of business transformation projects driven by net zero. However, over a quarter (26 percent) say they have no plans for net zero transformation - so it is an area for focus. [Read more here]
Jersey's government launched a consultation to develop a policy and regulatory framework for sustainable finance applicable to the island's financial services industry.
The consultation will aim to help the government gather the views of its stakeholders in the finance industry and in the wider community on what its framework and policy approach to sustainable finance should look like.
It will seek to gather specific feedback on possible government intervention levels sought (compliant/moderate/advance) in four main policy areas including corporate sustainability disclosures, risk and governance considerations, anti-greenwashing and labelling and use of strategic enablers.
Independent trust and private office services provider Accuro partnered with Paragon +Impact to conduct an objective and inclusive materiality assessment.
This is part of Accuro's aims to pursue the 2030 United Nations’ Sustainable Development Goals (SDGs).
The outcome thereof will guide Accuro to further its impact strategy against its identified SDGs.
Over a third of landlords will push back environmental, social and governance (ESG) goals and actions due to government 'flip-flopping' to meet low-carbon emission targets, according to a new survey.
The research was commissioned by audit, tax and consulting firm RSM UK and showed that 35 percent of businesses will roll back action to meet ESG goals due to last year’s government announcements to delay deadlines for several low-carbon targets.
In addition, nearly one quarter of UK landlords (24 percent) think that the real estate sector is currently not making quick enough progress to reduce its carbon footprint in line with the government’s target net zero emissions deadline.