Shipping industry faces ESG heat from lenders
Leading shipping financiers currently provide close to $300 billion of lending to the industry annually, analysts estimate. UN shipping agency the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas (GHG) emissions from ships by 50% from 2008 levels by 2050, but industry groups are calling for more progress from governments,
“The risks to balance sheets will start to force more questions being asked to the IMO,” said Ulrik Sanders, managing director at BCG, adding that this would “prompt more action towards decarbonisation” Read moreL&T Infotech sees cyber security, ESG as new pockets of growth
Cyber security as a big area for growth and added that ESG creates a lot of data opportunities for the industry, unlike in the past. Overall, the pipeline will be stronger and it will continue to be strong for at least the next two to three years. Read more
SaSb launches Materiality finder
Sasb has recently launched the Materiality Finder, a new tool that makes it easier and faster to find the information want related to the SASB Standards. This tool was developed after conducting extensive user research and parsing website data.
The new Materiality Finder improves upon the Materiality Map® in a few ways:
- It allows you to search by company instead of having to start by clicking open the sector and then finding the industry within that sector
- It more clearly identifies what topics and metrics are relevant to each industry
- It facilitates the comparison of industries side-by-side, particularly when those industries are in different sectors
- It is easier to navigate to download the Standards from the Materiality Finder than it is from the Materiality Map®. Read more
Arabesque Launches SFDR Reporting Solution for Investors
According to Arabesque, the new solution utilizes proprietary raw data metrics from the company’s AI-based sustainability data and insights platform Arabesque S-Ray, mapping the data across the 47 corporate-level Principal Adverse Impact indicators required by the SFDR. The toolkit generates data indicators that can be delivered at an individual entity and portfolio-wide level, providing the necessary information for complete SFDR reporting.Read more
