Month: July 2022

Fifth Third Sets $100 Billion Environmental and Social Finance Target Through 2030

Stuart Mitchell

Building upon its progress in leading the transition to a sustainable and inclusive future for all, Fifth Third has announced a new $100 billion environmental and social finance target to be achieved through 2030. The new target is an expansion of the Bank’s original $8 billion sustainable finance goal, which was set in 2020. That goal was focused on renewable energy and was recently achieved nearly three years ahead of schedule. Governed by the Fifth Third Environmental and Social Finance Framework, the new target has an expanded scope to include…

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En+ publishes 2021 sustainability report

Stuart Mitchell

En+ Group has published its Sustainability Report for the year 2021. The Report is available on the Company’s website at https://enplusgroup.com/en/sustainability/sustainability-report/.  The Report highlights the following Group’s 2021 milestones: The Group invested USD 154.9 million in environmental protection in regions of operation. 2021 saw 12% increase in electricity generation at the hydropower plants (“HPPs”) of the Group’s Power segment (amounting to 78.2 TWh, including Onda HPP). A record 98.77% of the electricity used by Metals segment’s smelters, were generated by HPPs. The Group achieved a 6% reduction in total air…

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Aberdeen City Council tackles homelessness with new initiative

Stuart Mitchell

Aberdeen City Council has become the first local authority in Scotland to adopt a new technology-led approach to tackling homelessness. The council has partnered with an online fundraising platform and social enterprise which helps homeless people and council tenants at risk of homelessness to find jobs.  The social enterprise organisation, which is called Beam, was first launched in London in 2017 and has since gone on to support more than 850 homeless people across the UK into stable jobs and homes.  Through Beam’s platform, residents can fundraise for the cost…

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Bloomberg Philanthropies Announces Mayors Challenge Winning Project to Combat Climate Change Will Spread to Seven Global Cities

Stuart Mitchell

Bloomberg Philanthropies has announced that seven cities from Europe and the United States will receive support to adopt Stockholm’s 2014 Bloomberg Philanthropies’ Mayors Challenge Winning Biochar Project, which turns plant waste from parks and homes – everything from grass clippings to trees and limbs – into a charcoal-like substance that residents can then use in their yards and gardens to help combat climate change. When biochar is used as a soil fertilizer it promotes plant growth while simultaneously absorbing carbon from the atmosphere and locking it into the soil as…

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Investcorp Releases 2021 Responsible Business Report

Stuart Mitchell

Investcorp, a leading global alternative investment firm, today announced the release of its 2021 Responsible Business Report. The report includes Investcorp’s Environmental, Social, and Governance (ESG) highlights for 2021 and specific initiatives the Firm implemented to meet its goals, as well as some case studies illustrating areas where the firm has demonstrated its commitment to responsibility as a core component of its values and culture. The launch took place at the Abu Dhabi Sustainability Week Summit.   During 2021, the Firm delivered on its previous commitments to work with stakeholders…

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