Category: News

IFC, BNP Paribas Launch Landmark SRT Transaction to Support Trade Finance in Emerging Markets

Stuart Mitchell

IFC, a member of the World Bank Group, and BNP Paribas (BNPP), the European Union’s largest bank as measured by assets and a key player in international banking, today announced a landmark Synthetic Significant Risk Transfer (Synthetic SRT) transaction, which will enable BNPP to expand its trade finance activities and continue to support emerging market economies. The transaction is expected to be particularly impactful, as international trade finance flows have been adversely impacted by ongoing global economic uncertainty. BNPP is a strategic user of SRTs across a variety of asset…

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Smart Pension achieves 50% cut in default growth fund emissions

Stuart Mitchell

Smart Pension, has become the first to announce that it has halved the emissions of its default growth fund. This is over two years ahead of the 50% reduction target it announced in June 2022 and represents considerable progress towards the company’s pledge to make its default growth fund net zero by 2040. This is also well ahead of the goals of the Paris Agreement, which called for emissions to be reduced by 45% by 2030 and to reach net zero by 2050. Smart Pension, which manages more than £2.5bn…

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Gen Z urged to consider career in farming to help UK meet climate targets

Stuart Mitchell

With recent news suggesting that the UK is “falling behind” on its national carbon emission targets, the UK’s biggest dairy company Arla is calling on more young Brits to enter farming in the next decade to help the industry meet its carbon targets. New research commissioned by Arla into the career aspirations of Gen Z has unveiled nearly 40% want a job that’s analytical, but 33% don’t know much about the job of a farmer. In fact, 25% are looking for something that includes scientific testing, and 32% want a…

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U. S. Steel Publishes 2022 Diversity, Equity and Inclusion Report

Stuart Mitchell

United States Steel Corporation has published its first-ever Diversity, Equity & Inclusion (DE&I) Report, which highlights its measurable progress and ongoing commitment to supporting diverse, equitable and inclusive workplaces across its global operations. “The U. S. Steel Diversity, Equity & Inclusion Report recognizes that when we respect and value our differences and share common goals, we create an environment where our employees and our company can reach our fullest potential – together,” said David B. Burritt, President and Chief Executive Officer for U. S. Steel. “That’s why we’ve made DE&I…

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UNHCR’s Innovation Fund awards projects designed by refugees for refugees

Stuart Mitchell

A new Refugee-led Innovation Fund from UNHCR, the UN Refugee Agency, has awarded 17 organizations hundreds of thousands of dollars to improve the lives of displaced people and host communities. From an initiative equipping stateless people in Italy with the advocacy skills they need to change the narrative on statelessness, to a seed bank and community garden system supporting sustainable food security and livelihoods in Uganda, these innovative projects will make lasting positive change. “This is an important moment for UNHCR and the wider humanitarian community. People who are forced…

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