The new Sustainable Finance Disclosure Regulations (SFDR), which came into effect on March 10th, will impact financial institutions, EU entities, and Non-EU entities that have EU subsidiaries. These new obligations aim to reduce greenwashing by requiring firms to disclose how sustainable they are and reveal comparable metrics related to their sustainability. The new SFDR will…

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Last week the International Organisation of Securities Commissions Organisation (IOSCO), a global association of regulatory agencies for securities, reiterated their support for developing a global framework for sustainability standards. In a recent media release, they recognised the need for “globally consistent, comparable, and reliable sustainability disclosure standards” and introduced their plan to develop a Sustainability…

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CERAWeek by IHS Market, an annual global energy conference based in Texas, convened on March 1st, 2021 with a renewed focus on the ongoing green energy transition. The decarbonisation trend has, in recent years, largely eluded the oil and gas industry, leading to a decline in share prices for traditional multinationals such as Royal Dutch…

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Bitcoin uses more electricity per annum than the Netherlands, UAE, and over double the consumption of Singapore. From data published this month by Cambridge University researchers, Bitcoin consumes around 120.37 GWh per year, which is equivalent to roughly 0.5% of the world’s energy consumption. Bitcoin’s consumption of electricity places it as the 32nd largest energy…

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According to a recently published report by Lancaster University, the IT sector is directly responsible for between 1.8 and 2.8% of global greenhouse gas emissions. The report adds that because of supply chains, the majority of published estimates underestimate the carbon footprint of the sector by as much as 25%. For Big Tech firms such…

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In his annual letter to clients, Larry Fink, CEO of BlackRock, signalled that he expects the acceleration of sustainable investments to continue into 2021 and remained optimistic over the ability companies and nation states to limit global temperature rises to below 2 degrees Celsius. “I have great optimism about the future of capitalism…not in spite…

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On the 1st February 2021, Kadri Simson, the European Union (EU) Energy Commissioner, explained how she believed that the Euro should be the global standard currency for future international hydrogen transactions. She informed the attendees of an online event, hosted by Esade Business School, that she “see[s] the great potential for the role of the…

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Apple Inc. announced, on the 5th January 2021, in its proxy materials that they would incorporate a ‘bonus modifier’ in their executive officer’s bonus pay-outs, starting from 2021. The modifier will either increase or decrease the pay-out by up to 10% based on how the executive officer has performed with regards to the company’s values…

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