Welcome to our daily roundup of the most impactful and noteworthy ESG (Environmental, Social, and Governance) news. As we navigate the ever-evolving landscape of sustainable practices, responsible business conduct, and societal impact, we bring you a curated selection of the day’s top 5 ESG headlines. These articles encapsulate the latest developments, innovations, and commitments that are shaping the world of ESG.

Here are today’s Top 5 ESG Headlines:

1. Allianz Launches Comprehensive Tool SAMEpath to Track Path to Net Zero Goals

• Allianz SAMEpath plots the emission reductions and investments needed to achieve commitments made by countries under the 2015 Paris Agreement
• The dashboard charts the economic developments and potential transition risks for sectors and economies in different climate scenarios
• SAMEpath harmonizes existing models and scenarios into one convenient, quick reference tool

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2. Texas Attorney General Bars Barclays from State’s Bond Market Over ESG Non-Compliance

The Office of the Attorney General, announced that Barclays would no longer be permitted to underwrite Texas’s municipal bonds after failing to respond to requests for information concerning its “net zero” carbon emissions commitments.

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3. IESBA Launches Public Consultation on New Ethical Benchmark for Sustainability Reporting and Assurance

• Two new exposure drafts set forth the first comprehensive suite of global standards on ethical considerations in sustainability reporting and assurance
• Proposed standards aim to foster greater trust in all publicly communicated sustainability information through the application of a consistent ethical approach
• The IESBA welcomes comments from the entire sustainability community – professional accountants, all other sustainability practitioners, regulators, and investors

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4. PenSam Partners with S&P Dow Jones Indices to Launch Custom Climate-Focused Index

S&P Dow Jones Indices, the world’s leading index provider, announced that it has been selected by PenSam, one of Denmark’s largest labor market pension providers, to develop a bespoke climate-focused index for its exclusive use.

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5. Transforming Food Systems Could Create Multi-Trillion Dollars of Economic Benefits Every Year, Study Finds

Transforming food systems around the world would lead to socio-economic benefits summing up to 5 to 10 trillion USD a year, shows a new global policy report produced by leading economists and scientists of the Food System Economics Commission (FSEC)

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