Sustainable finance: EU reaches political agreement on a unified EU classification system (December 18th, 2019)

Press announcement from EU, December 18th, 2019:

“The EU will soon have in place a common classification system to encourage private investment in sustainable growth and contribute to a climate neutral economy.

EU ambassadors today endorsed a political agreement reached between Finland’s presidency of the Council and the European Parliament on a EU-wide classification system, or “taxonomy”, which will provide businesses and investors with a common language to identify what economic activities can be considered environmentally sustainable.

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Goldman Sachs becomes 1st major US bank to pledge no funding for new Arctic drilling (Article in ABC News, December 2019)

Article in ABC News by

Goldman Sachs has become the first major U.S. bank to ban financing for new oil drilling or exploration in the Arctic region.

While environmental groups lauded the move as a step in the right direction, one advocacy group pointed out Monday that this is only a “fraction of Goldman Sachs’ multibillion-dollar fossil fuel portfolio.”

The announcement came in the investment bank’s updated Environmental Policy Framework on Sunday.

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The dark side of the Nordic model: Carbon emissions! (article by Jason Hickel in Al Jazeera, December 2019)

Article by Jason Hickel, 6 December 2019:

Scandinavian countries may top every ranking on human development, but they are a disaster for the environment!

Scandinavians have it all. Universal public healthcare and education that is the envy of the world. Reasonable working hours with plenty of paid vacation. They have some of the highest levels of happiness on the planet, and top virtually every ranking of human development. 

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What is life like in a green world? Here’s one version of a “CO-topia” (article by World Economic Forum, October 2019)

Article, October 31, 2019 by Ida Auken and World Economic Forum:

By 2030, your CO2 emissions will be greatly reduced. Meat on your dinner table will be a rare sight. Water and the air you breathe will be cleaner and nature will be in recovery. The money in your wallet will be spent on being with family and friends, not on buying goods. Saving the climate involves huge change, but it could make us much happier at the same time.

Right now, we are losing the fight against climate change – but what would winning look like?

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UNEP’s Emissions Gap Report 2019: “Time is running out!” (November 2019)

The report presents the latest data on the expected gap in 2030 for the 1.5°C and 2°C temperature targets of the Paris Agreement.

As the world strives to cut greenhouse gas emissions and limit climate change, it is crucial to track progress towards globally agreed climate goals. For a decade, UNEP’s Emissions Gap Report has compared where greenhouse gas emissions are heading against where they need to be, and highlighted the best ways to close the gap.More

Rige kendisser flyver 10.000 gange mere end gennemsnittet! (artikel i Aktuell Hållbarhet, oktober 2019)

Uddrag af artikel i Aktuell Hållbarhet, 21/10 2019:

Bill Gates, Paris Hilton, Jennifer Lopez och andra rika kändisar i USA har fått sina flygresor kartlagda av en grupp forskare i Lund. Resultaten publiceras i en vetenskaplig artikel som visar att en rik elit är på väg att äta upp det globala utsläppsutrymmet.

I artikeln som publiceras i novembernumret av den vetenskapliga tidskriften Annals of Tourism Research har forskargruppen ledd av Stefan Gössling, professor i turism vid Lunds universitet, kartlagt tio internationella offentliga personers flygvanor under ett år. Siffrorna visar sig att personerna inte bara är superkändisar utan också ”superutsläppare”.

Av de tio amerikanska kändisarna var det Bill Gates, ordförande i Microsoft, som släppte ut mest – hela 1 600 ton koldioxid under det undersökta året 2017.More

Buying less is better than buying green for the planet and your happiness! (Study from University of Arizona, October 2019)

A new study found that people who consume less are happier than those who engage in other pro-environmental consumer behaviors, like buying environmentally friendly products.

Humans’ overconsumption of resources — from the food and clothes we buy to the methods of transportation we choose — is a leading contributor to global climate change, says University of Arizona researcher Sabrina Helm. Therefore, it’s increasingly important to understand the choices consumers make and how those decisions affect the health of a planet with limited resources.More

UN Global Compact: Where is your company on the journey to 2030? (UNGC Annual Report 2019, October 2019)

Extracts from UNGC’s introduction of the Annual Report 2019:

“Each year, the United Nations Global Compact takes an in-depth look at the progress of participating companies to advance the sustainability efforts of the 2030 Agenda.

The UN Global Compact Progress Report 2019 provides essential insights into how companies are implementing the Ten Principles of the UN Global Compact and taking action to achieve the Sustainable Development Goals (SDGs). Most importantly, it lays bare the transformations needed to get the business community on track as we approach 2020 and the final decade of delivery. More

Dansif: 74% af respondenterne bruger SDG’erne aktivt til udvælgelse af investeringer (Dansif-rapport, september 2019)

From the Executive Summary of the report:

The 2019 Dansif survey has a 62% response rate and the respondents together represent 90% of total Assets under Management (AuM) for the 50 largest institutional investors in Denmark.

All of the 31 survey respondents have a responsible investment (RI) policy which covers the majority or all of their total AuM 89% of the respondents make their RI policy publicly available .More

Enel launches the world’s first “general purpose SDG linked bond”, succesfully placing a 1.5 billion U.S. dollar bond (September 2019)

The issue was almost three times oversubscribed, with orders of about 4 billion US dollars. The strong demand from investors for the “General Purpose SDG Linked Bond” once again confirms the appreciation and confidence of the financial markets in the soundness of the Enel Group’s sustainable strategy and the consequent impact on the economic and financial results.

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