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The Economist, Climate Dashboards, Tipping Points, Solar PVs, and Supergrids

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Here are 5 ESG insights you might have missed this week:

1. The Economist: Special Report on ESG-

  • ESG investing is broken. It needs to be streamlined and stripped of sanctimoniousness.

  • The report fleshes out why ESG metrics should be streamlined according to their material impact on a company and why it makes sense to split up the E and the S and the G to create a more customised approach to materiality. It also makes a case for investing in impact funds for those who want to make impact, rather than risk-management, their top investing priority.

  • The simplicity of the cover leader's prescription -- boiling down the E to emissions -- is not meant to suggest all other issues are unimportant. In many ways, strengthening diversity in the workplace or applying sound corporate governance should be part and parcel of any good manager's job, with or without ESG scores. And even lowering emissions requires holistic thinking about deforestation, biodiversity and respect for local communities. But lumping such three disparate categories together into a single scoring system ignores inevitable trade-offs. And focusing on emissions has the advantage that carbon measurements are improving, net-zero commitments are increasing and regulation is pushing to standardise them, to make them more meaningful.

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2. Steering the Ship: Creating Board-Level Climate Dashboards for Banks-

  • Featuring high-level and detailed examples of dashboards — both hypothetical and from published reports — the paper covers the ‘what, why, and how’ of creating a climate dashboard.

  • Developed from insights and interviews with 50 top financial institutions, this collaborative report from GARP and the United Nations Environment Programme Finance Initiative (UNEP FI) provides banks with a comprehensive framework for creating decision-useful, board-level climate dashboards.

  • The dashboard is intended for banks’ board members to enable them navigate through climate risk and resilience decisions. It would prioritize the most pertinent and relevant climate information to make management decisions.

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3. Tipping Point: U.S. Crosses Mass-Adoption Threshold for EVs of 5% of New Car Sales-

  • A quarter of new vehicle sales in U.S. could be electric by the end of 2025, according to Bloomberg analysis.

  • For the past six months, the U.S. joined Europe and China — collectively the three largest car markets — in moving beyond the 5 per cent tipping point. If the U.S. follows the trend established by 18 countries that came before it, a quarter of new car sales could be electric by the end of 2025. That would be a year or two ahead of most major forecasts.

  • Applying the tipping point analysis to the entire globe, the share of fully electric vehicles worldwide passed the 5 per cent threshold for the first time last year. Including plug-in hybrids, the 10 per cent tipping point will be passed sometime this year. If the trends holds true, accelerating demand can be expected.

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4. Solar PV Global Supply Chains-

  • China currently dominates global solar PV supply chains.

  • The International Energy Agency (IEA) published its Special Report on Solar PV Global Supply Chains, examining solar PV supply chains from raw materials all the way to the finished product, spanning the five main segments of the manufacturing process.

  • Global solar PV manufacturing capacity has increasingly moved from Europe, Japan and the United States to China over the last decade. China has invested over USD 50 billion in new PV supply capacity – ten times more than Europe − and created more than 300 000 manufacturing jobs across the solar PV value chain since 2011.

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5. Direct Air Capture & Net Zero Aviation: An Update-

  • As the global aviation industry works towards net zero, important developments, progress and commitments are happening at a rapid pace.

  • Carbon Engineering published a summary of developments in the aviation industry’s path to net zero. Many of these developments focus on two main pathways for aviation decarbonization: permanent carbon removal and sustainable aviation fuels.

  • Link to Source:

One more thing: A 15-min video from Bloomberg Quicktakes on Global supergrids and how the electricity grids can be the future of energy.

Find the video here:

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As the global aviation industry works towards net zero, important developments, progress and commitments are happening at a rapid pace. Carbon Engineering published a summary of developments in the av

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