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ESG NEWS SMART READ OF THE WEEK

Tim Mohin: Why ESG Efforts Will Continue

After 40 years in sustainability, I’ve seen the ebb and flow of government action through many election cycles. Yet, as scientific understanding and public awareness of environmental and social impacts have advanced over the years, the pace of progress has steadily accelerated.

This momentum continues regardless of the US political landscape. Companies committed to sustainability will stay the course because it makes business sense. Investors will seek value by avoiding risks and betting on new, efficient green tech. Climate advocates will redouble their work, and the public will increasingly expect action from their elected representatives as climate risks mount. While US leadership of climate and sustainability action will undoubtedly reverse, the future of the global sustainability movement will continue.

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This Smart Read article is contributed by Tim Mohin, Global Sustainability Leader, BCG. Every week ESG News delivers smart commentary from ESG practitioners and experts to unpack issues of the week. Become a contributor!

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ESG AROUND THE WORLD

• Elon Musk Gamble on Trump Pays Off – What This Means for the EV Industry
• Canada Introduces 35% Emissions Cap for Oil and Gas Sector by 2030
• EIOPA Proposes Higher Capital Charges for Insurers’ Fossil Fuel Assets
• UAE Commits to Cut Emissions by 47% by 2035 Ahead of COP29
• China Passes First-Ever Energy Law To Promote Carbon Neutrality
• EU Reaffirms 2035 Ban on CO2-Emitting Cars Amid Industry Concerns
• Meet the 2024 Earthshot Prize Winners: Transforming the Future of Our Planet
• BBVA Invests €71 Billion into Sustainable Business in First Three Quarters of 2024

CLIMATE & ENERGY TRANSITION

• UAE To Commit $54 Billion for Sustainable Energy Investment by 2030
• New £1bn Heat Network to Deliver Low-Carbon Heating Across London Landmarks
• Meta and ENGIE Sign 260 MW Renewable Energy Deal to Power Data Centers
• EU Greenhouse Gas Emissions Drop 8.3% in 2023 Amid Shift to Renewables
• H&M Group and Lightsource bp Partner to Build 125MW Solar Farm in Texas
• CIF Helps Mobilize $1 Billion for Turkey’s Clean Energy Expansion

And More…

Execs on the Move

• DBS Bank Appoints Shilpa Gulrajani as its Head of Sustainable Finance for Institutional Banking
• Amcor Appoints David Clark as New Chief Sustainability Officer
• LGT Wealth Management Appoints Phoebe Stone as First Chief Sustainability Officer

SUSTAINABLE FINANCE

• Li-Cycle Secures $475M U.S. DOE Loan for NY Battery Hub Before Trump Presidency
• Mizuho, Pollination Partner to Invest $20 Million for Climate Transition Support
• Marsh, We2Sure Launch Insurance to Combat Fake Carbon Credit Risks in UK, EU, and US
• Germany Appoints Deutsche Bank, DZ Bank to Help Update its Green Bond Framework
• Isle of Man Launches Sustainable Finance Roadmap to Drive Green Investment
• Climate Experts Launch “Insurance for Good” to Tackle Natural Disaster Risks
• EIB, CDP Mobilize €1 Billion to Drive Sustainable Projects in Italy’s Public Sector

And More…

RESEARCH & ANALYTICS

• 81% of Irish Businesses Increased Their Sustainability Focus in 2024: EY Report
• 91% of EU Companies Report Climate-Positive Activities in KPMG’s Taxonomy Report
• 55% of CFOs Fear Their Sustainability Reporting Could Face Greenwashing Backlash: EY Study

SUSTAINABILITY, ESG REPORTING

• MAS-backed Gprnt Launches ESG Tools to Help SMEs Simplify Sustainability Reporting
• Optera Upgrades Supply Chain Tool for Enhanced Scope 3 Emissions Reporting
• 57% of Latin American Companies Lag in Sustainability Reporting Standards, RSM Finds
• MAS-backed Gprnt Launches ESG Tools to Help SMEs Simplify Sustainability Reporting

SUSTAINABILITY GOALS, INITIATIVES AND ACHIEVEMENTS

• ADNOC, 44.01 to Scale Up Carbon-to-Rock Project After Successfully Turning 10 Tons of CO₂ into Rock
• Samsonite Sets 2030 Climate Goal to Cut Emissions by 52% Using Recycled Materials
• Amazon Deforestation in Brazil Hits 9-Year Low, Reports Government

ESG INVESTING & FUNDS

• RBC Real Estate Fund Hits $5B Mark, Boosted by $250M Green Bond
• Tesla Shares Soar 12% in Premarket Trading Following Trump Reelection
• EY: How Family Enterprises Can Integrate ESG Into Investment Strategies
• Azerbaijan to Launch Global Green Investment Rulebook at COP29

TECHNOLOGY, ESG TOOLS & SERVICES

• Marsh, We2Sure Launch Insurance to Combat Fake Carbon Credit Risks in UK, EU, and US
• MAS-backed Gprnt Launches ESG Tools to Help SMEs Simplify Sustainability Reporting
• Climate Experts Launch “Insurance for Good” to Tackle Natural Disaster Risks
• Azerbaijan to Launch Global Green Investment Rulebook at COP29
• Optera Upgrades Supply Chain Tool for Enhanced Scope 3 Emissions Reporting

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