More S&P 500 companies discussing ESG and how well ESG investing has performed – Find out
Investing in clean energy stocks and ETFs seems to be increasingly getting the attention of global investors. More and more companies are also coming forward and letting investors know of their ESG activities as well. FactSet searched for the term “ESG” in the conference call transcripts of all the S&P 500 companies that conducted earnings conference calls from June 15 through September 5.Read more
Do not reduce the ‘S’ in ESG to another tick box item
As companies gear up to adopt the new format of reporting, analyses show India Inc. lagging behind in workforce-related matters, despite existing regulations and a formal reporting structure in place. India has ranked 151st globally in economic participation and opportunity, and 117th in wage equality in similar work as per the Gender Gap Index in 2021. This indicates that India may need nearly 100 years to bridge this gap.
Employment of people with disabilities throws up another grim picture. Public sector companies hire 0.54 percent (as against a regulated 4 percent), the figure is 0.28 percent in private sector, and an abysmal 0.05 percent amongst multinationals. The negligible percentage of employees with disabilities in multinationals, is particularly surprising, considering these companies follow strict quotas and laws in countries where they are headquartered.Read more
Pioneer Natural Resources announced Net Zero Emission and Enhanced Emissions Reduction Targets
“Pioneer” has announced the release of its 2021 Sustainability Report, which highlights the Company’s emphasis and considerable success on environmental, social, and governance (ESG) programmes. The thorough report shows the Company’s Net Zero aim by 2050, as well as expanded greenhouse gas (GHG) and methane emission reduction targets. Furthermore, the report discusses the Company’s 2020 performance, including expanded disclosures on air emissions, water management methods, diversity, equity, and inclusion, board governance, and community participation. The following reporting standards, terminology, and performance metrics are mentioned in this year’s report: TCFD, Global Reporting Initiative (GRI), International Petroleum Industry Environmental Conservation Association (IPIECA), Carbon Disclosure Standards Board (CDSB), sustainability Accounting Standards Board (SASB) for oil and gas exploration and production standards, and the United Nations Sustainable Development Goals (SDGs) (SDGs).Read more
APSEZ to Become Carbon Neutrality by 2050
APSEZ aims to become the world’s largest private port enterprise by 2030. APSEZ said last month that it would offer a 50% discount on rates to ships powered by liquefied natural gas (LNG) at Mundra, India’s largest commercial port. The decision was made after APSEZ CEO Karan Adani stated in the business’s recently released integrated annual report for 2020-21, “We enunciated an ambitious climate target of being a carbon-neutral company by 2025 to match the global ‘Race to Zero’ campaign.” “In alignment with the UN Decade on Ecosystem Restoration, we are committed to Nature Based Solutions by investing in ‘Ecosystem restoration’ initiatives that can support livelihoods, combat climate change, and enhance biodiversity,” he added. We are also committed to leading the Indian port sector in the climate change revolution.” APSEZ is already striving to reduce the impact on fisheries resources and other aquatic organisms as part of biodiversity conservation. In addition, the dredging work is paused if any dolphins are spotted close to the dredging locations. In its report, the corporation declared that it is committed to taking all conservation measures for the protection and preservation of Olive Ridley turtles, including creating a sustainable ecosystem for safe nesting habitat. APSEZ has set a number of goals, including zero waste to landfills, a complete prohibition on single-use plastics, an increase in renewable energy share, a reduction in water extraction from shared resources, and an increase in stakeholder satisfaction scores.Read more
