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3 Mins Read HSBC could soon be forced to reduce its exposure to fossil fuels next year, after its key investors tabled a shareholder vote urging the bank to end its reliance on climate-harming financing. The bank is one of the biggest financiers of fossil fuels in the world, and despite ongoing climate action pledges, it has stopped […]
12 Mins Read It’s that time of the year again, a new dawn, or in 2021’s case, a better dawn, because hey, what can be worse than 2020? New year = new set of Green Queen trend predictions (proud to share that we still haven’t been wrong yet). This year, for the first time, we have two separate […]
5 Mins Read It’s clear that the Covid-19 pandemic has shifted the global focus towards sustainability. Realising the link between human and planetary health and the urgent need to prevent the rise of future zoonotic pandemics, the world has renewed its attention on preserving, protecting and conserving nature, wildlife and biodiversity and to combat climate change. While much […]
3 Mins Read With more investors embracing a sustainable ESG-based strategy, a trend that has received a major boost amidst the coronavirus pandemic, China is losing its allure despite being an enormous and fast-growing emerging market. Ranking bottom on ESG ratings among all major economies in the world, experts warn that lagging behind when it comes to sustainability […]
3 Mins Read Hong Kong Exchanges and Clearing Limited (HKEX) has launched its new investment platform dedicated to sustainable finance amidst rising demand from Asian investors. Called the Sustainable and Green Exchange (STAGE), the new platform serves as an online product repository of ESG-focused products across multiple sectors as well as a resource hub for sustainable finance across […]
4 Mins Read Latam ridesharing tech firm Cabify has ramped up its climate commitments, this time introducing a new blockchain-powered carbon offsetting solution to its app to ensure full traceability on its carbon-neutral pledge. Users will now be able to track their carbon footprint generated by their rides in real-time as well as the environmental projects that Cabify […]
3 Mins Read Gen Zs or “Zillennials” are on track to overtake the famous millennial cohort and are set to transform the way business and investing is done with their flight-shaming, plant-based and zero-alcohol habits. Analysts in a new Bank of America research report say that investors and companies should take note of these emerging trends, or risk […]
3 Mins Read The Very Good Food Company, the parent group of Canadian plant-based meat brand The Very Good Butchers, has been approved for trading in the U.S. after its first IPO on the Canadian Stock Exchange (CSE) earlier in June this year. It will be listed on the OTCQB Market, a venture market designed for early-stage companies, […]
2 Mins Read Natural Order Acquisition Corp., a new blank check company targeting plant-based foods, has raised US$230 million in its initial public offering, including the full exercise of the underwriters’ over-allotment option. The company intends to use the capital to fund a business combination of companies working on plant-based foods and other sustainable alternatives to animal-based products. […]
3 Mins Read Clarity AI, a fintech company that has developed a platform that empowers investors to manage the impact of their portfolio, has raised US$15 million in its latest funding round. The financing will be used to fuel the expansion of its solution, which leverages big data and machine learning to assess the social and environmental impact […]
3 Mins Read The real value of support provided by developed countries to help poorer nations respond to the climate crisis is far lower than what has been reported, according to a new Oxfam report. It finds that the real figure could be as low as a third of the amount donors stated, and that because the financing […]
3 Mins Read After a meeting with United Nations secretary-general António Guterres, an alliance of the world’s biggest firms have agreed to deliver strategies to scale-up sustainable investments. With countries around the world still reeling from the devastating economic fallout from the coronavirus pandemic, Guterres described action from the private sector “more important than ever” and urges businesses […]
2 Mins Read Natural Order Acquisition Corp., a blank check company founded this year and focused on sustainable plant-based food products, has filed with the U.S. Securities and Exchange Commission (SEC) to raise US$250 million in an initial public offering. The company’s aim is more ambitious than food tech Beyond Meat’s milestone of becoming one of the hottest […]
3 Mins Read Climate Action 100+, an initiative backed by over 500 of the world’s biggest institutional investors that together manage more than US$47 trillion in assets, has written to 161 big-emitting companies demanding them to set climate targets. It is the latest step the campaign has taken to force businesses to do more to help slash carbon […]
3 Mins Read The Long-Term Stock Exchange (LTSE) recently started trading in the U.S. with the goal to turn capitalism around for the planet and people. Discouraging quarterly reporting and requiring all firms to consider all stakeholders, the LTSE offers companies and investors an alternative to traditional securities exchanges. Launched on Wednesday (September 9), the LTSE’s debut comes […]
3 Mins Read One year ago, Beyond Investing launched the world’s first cruelty-free and climate-forward exchange-traded fund (ETF), the US Vegan Climate ETF, on the New York Stock Exchange under the ticker VEGN. Now, one year later, VEGN stands strong and has proven that climate-conscious investing isn’t just ethical, but it’s profitable too. Since its inception, VEGN has […]
3 Mins Read Over 90% of global public investors now have specific environmental, social and governance (ESG) investment policies in place or are in the process of implementing them, reveals a new survey from independent think tank OMFIF and American financial services firm BNY Mellon. The research also found that investors have been especially motivated to adopt ESG […]
2 Mins Read BNP Paribas has announced the successful issuance of equity-linked green bonds totalling A$140 million (US$99.6 million) marking the first to be linked to the Australian Climate Transition (ACT) Index. The ACT Index is based on several climate scenarios and will continually be adjusted to reflect the future technological, social, regulatory and environmental changes. The series […]
2 Mins Read Google’s parent company Alphabet Inc. has just issued US$5.75 billion in sustainability bonds, in what it claims is the biggest green bond issued by any firm to date. The proceeds will support investments in both environmental and social initiatives and will not be allocated to any of Google’s activities. As a part of a US$10 […]
3 Mins Read A 23-year-old law student in Melbourne, Australia has filed a lawsuit against the Australian government over failure to disclose the financial risks of climate change to a number of safe investments, including government bonds. Katta O’Donnell says she hopes that the case, which is a world’s-first, will change the way the government recognises and responds […]
2 Mins Read Singapore’s central bank, the Monetary Authority of Singapore (MAS), has recently hired Jeanne Stampe as green finance resource lead. Stampe is a former WWF head of sustainable finance in Asia. The move is yet another indication of the direction that the traditionally climate conservative financial industry in Asia is heading towards to improve its sustainability […]