Hello, sustainability enthusiasts! Before we all start the weekend, let’s dive into some positive developments in the world of sustainability and ESG in Episode #4 of the Good Planet News! Despite many set backs such as the planet exceeding the +1.5°C warming for the first time or major anti-ESG movements, these developments give us hope for a better future!
Global Sustainable Bond Sales Surpass $1 Trillion Again
In 2024, global sustainable bond sales exceeded $1 trillion for the second consecutive year for financing projects with environmental and social benefits. These bonds are helping fund projects that directly address pressing issues like climate change and social inequality, from renewable energy installations to affordable housing. This comes just as big investment firms like BlackRock are moving away from ESG emphasis in their investment strategy.
💡 Sustainable finance is the engine that drives meaningful action at scale. While $1 trillion is incredible, there’s still a long way to go. What’s encouraging is that more companies and governments are aligning their financial strategies with sustainability goals, proving that profitability and responsibility can go hand in hand.
🔗 Read more: Bloomberg
EU Bank Watchdog Tightens ESG Rules Amid Rising Climate Risks
The European Banking Authority (EBA) has introduced stricter ESG regulations to address escalating climate-related risks. These enhanced rules aim to ensure that financial institutions incorporate comprehensive ESG risk assessments into their operations, promoting greater resilience and transparency within the banking sector.
💡 We’re all for it! Transparency in ESG isn’t just about checking boxes; it’s about holding organizations accountable and ensuring they contribute positively to the planet and society. These tighter rules send a clear message: ignoring climate risks isn’t just bad for the environment it’s bad for business.
If other regions follow Europe’s lead, we might see a ripple effect that changes the global financial landscape for the better. As the wildfires in LA this week have shown, there is no other way.
🔗 Read more: EBA
Amundi and EDF Advocate for Robust ESG Regulations in the EU
Leading European firms, including asset manager Amundi and energy company EDF, have urged the European Union not to dilute its ESG regulations. Both companies emphasize the importance of maintaining stringent ESG standards to drive sustainable investment and corporate responsibility across the region.
💡 In a world where many are pushing back against ESG policies, it’s refreshing to see big players like Amundi and EDF taking a stand. It’s also a reminder that we should have a close look at our portfolio and perhaps overthink some investment decisions we have made.
🔗 Read more: Bloomberg
UK National Trust Plans 250,000 Hectares of Nature-Rich Landscapes
The UK’s National Trust has unveiled an ambitious plan to create 250,000 hectares of nature-rich landscapes over the next ten years. This initiative aims to enhance biodiversity, combat climate change, and provide accessible natural spaces for public enjoyment, contributing significantly to environmental conservation efforts.
💡 We absolutely love this approach. It’s a powerful reminder that environmental conservation doesn’t always have to be about cutting emissions; sometimes, it’s about giving back to the Earth.
🔗 Read more: MSN
Make your own good news for the planet
We’d love to feature your good news for the planet here next time! Send us your story and how you did it!
Nothing to talk about yet? In that case, let’s talk about how Reegy can help you make an impact that’s newsworthy!
Subscribe to our email list to get good planet news from our CEO Julius Launhardt straight to your inbox!
Reegy is a complete software solution for ESG & Carbon Footprint Management. Our Reegy Eco Hub enables enterprises, financial institutions and governmental organizations to manage their climate action in one central location along the entire value chain. Track, measure, reduce, and offset your carbon emissions, disclose them to regulators, stakeholders, and customers and lead your company to Net Zero on autopilot!