Racial Injustice, Reporting Standards, Energy Outlook, and the UN
These are the 5 things you should not miss this week:
Five global sustainability reporting standards are coming together to resolve confusion in ESG reporting-
Five global organisations – CDP, CDSB, GRI, IIRC and SASB – whose frameworks, standards and platforms guide the majority of sustainability and integrated reporting, have announced a shared vision of what is needed for progress towards comprehensive reporting – and the intent to work together to achieve it.
BP’s energy outlook-
BP analyzed three potential scenarios to explore the energy transition to 2050
All three scenarios estimate that oil demand peaked around 2019 levels
The new business-as-usual means falling fossil fuel demand
Harvard will start to publish the impact cost of products providing a complete picture of the impact companies create-
The Impact-Weighted Accounts Initiative (IWAI) at Harvard Business School will start being published in the next couple of months
Materiality of environmental, social and governance factors means ESG issues “need to be measured, the risk needs to be underwritten, and the opportunity needs to be identified.” said Harvard Business School’s George Serafeim and Sir Ronald Cohen in a Harvard Business Review article
How do investments across a portfolio affect racial injustice?
If you are an investor concerned with racial injustice, Transform Finance has created a framework to address how do you figure out where racial (in)justice shows up across your portfolio, and what can you do about it?
New energy order—how clean power is fuelling geopolitical changes-
The Economist analyses the changing geopolitics of energy, how will US domination of oil and gas be affected by China’s growing dominance as an exporter of renewable technology?
Being an importer of fossil fuels and an exporter of renewable technology is not so bad
Oil fuelled the 20th century—its cars, its wars, its economy, and its geopolitics; now the world is in the midst of an energy shock that is speeding up the shift to a new world order
One more thing: For the United Nation’s 75th anniversary, the UN made this high-quality 30-minute video discussing 4 key areas of global issues (with great data points):
Climate and Planet
Poverty and Inequality
Justice and Human Rights
Watch the video here- Nations United: Urgent Solutions for Urgent Times https://www.youtube.com/watch?v=xVWHuJOmaEk
Do share your comments or the content you think our community should not miss!