Category: CSR/ECO/ESG

In a significant development for environmental governance, India has introduced new Eco Mark rules, marking the first amendment to this framework in 33 years. The Eco Mark, established in 1991, is a labeling scheme designed to promote environmentally friendly products and encourage sustainable consumption patterns among consumers. Background of the Eco Mark Scheme The Eco […]

In a significant move to bolster global climate resilience, the Green Climate Fund (GCF) has approved $2.7 billion for climate projects across various countries, with a notable emphasis on Egypt. This funding comes at a critical time as nations grapple with the escalating impacts of climate change, which disproportionately affect developing countries. The GCF, established […]

Introduction As the 16th Conference of the Parties (COP16) to the UN Convention on Biological Diversity kicks off in Cali, Colombia, the term “Nature Positive” is gaining traction in corporate discussions and environmental agendas. With over 1,000 private-sector participants expected at this year’s event, the focus on biodiversity has shifted dramatically from primarily NGO and […]

As the annual pollution season begins, the cities of Lahore and Delhi are once again grappling with dense smog that poses severe health risks to millions of residents. With air quality levels plummeting to hazardous levels, people in both cities are experiencing a range of alarming symptoms, from scratchy throats and burning eyes to dizziness, […]

Investment firm Verdane has successfully raised €700 million to support initiatives aimed at enhancing decarbonization and resource efficiency across Europe. This funding will be directed toward companies and projects that prioritize sustainability and the transition to a low-carbon economy. Focus on Decarbonization and Resource Efficiency The capital raised will be used to invest in businesses […]

In a landmark agreement, the state of California has partnered with Airlines for America (A4A) to supply 200 million gallons of sustainable aviation fuel (SAF) by the year 2035. This initiative aims to significantly reduce carbon emissions from the aviation sector and promote the use of greener fuel alternatives. Overview of the Partnership The collaboration […]

Allianz Trade has launched an innovative financial product called Surety Green2Green, aimed at facilitating the financing of low-carbon projects. This initiative underscores Allianz Trade’s commitment to supporting sustainable development and addressing climate change through innovative financial solutions. What is Surety Green2Green? Surety Green2Green is designed to provide surety bonds that help project developers and companies […]

In its 2024 Impact Report, the Cisco Foundation highlights a remarkable achievement: the foundation has positively impacted 170 million lives worldwide through strategic investments aligned with the United Nations Sustainable Development Goals (SDGs). This report underscores Cisco’s commitment to leveraging technology and resources to foster social and economic development globally. Overview of the Cisco Foundation’s […]

In a recent development, Morgan Stanley has announced a significant scaling back of its climate targets, citing challenges in meeting the goals outlined in the Paris Agreement. This decision comes as the financial institution reassesses its strategies in light of global climate progress that has not kept pace with the ambitious objectives set by international […]