As the world grows ever more connected, access to financial tools has expanded dramatically. Today, 79% of adults worldwide have a bank account, an increase from 51% in 2011. This is a remarkable gain.
Almost four years into the 2030 Agenda, it is clear that our actions are not transformational enough, nor at the scale and pace needed to deliver on the Sustainable Development Goals (SDGs). Estimates project that it will require roughly US $5 to 7 trillion of annual investments to make this happen. This leaves us with a financing gap of between $2.5 and 3 trillion annually, and for each year we fail to close the gap, the price tag grows.
Building on a significant body of original research and ongoing feedback from institutional investors, CECP’s Strategic Investor Initiative (SII) has released a template for companies seeking to develop and communicate effective long-term strategic plans that help inform investment, voting, and engagement decisions. According to buy-side investors, the long-term should be described in terms of goals, metrics, and milestones, to enable a deeper understanding of the strategy and to track progress as it is implemented.
Since our founding in 1981, Bloomberg has been guided by the principle that making markets more transparent empowers investors, fuels entrepreneurs and supports economic growth. As global warming begins to affect business, market transparency is more important than ever.
Climate change has already begun to affect business, with extreme weather, flooding, wildfires and drought threatening company assets and supply chains. As the environment evolves, companies that improve their energy efficiency and create new products and services will survive and companies that are slow to change will struggle.
Talking with kids about money to improve financial literacy is increasingly recognized as a priority, not only for Canada's young people, but also for the future financial health of individuals, families and communities.
There is growing recognition across Canada and around the world of the correlation between financial health and physical and mental health and wellbeing. Many Canadians of all ages are struggling with stress, anxiety and feeling out of control in managing their financial affairs. The TWOKAM program helps to engage parents and teachers in talking with youth about money. It can help prepare youth to manage their financial futures and avoid the stresses faced by so many Canadians today. And teachers and parents are listening– and getting involved.
Financial markets are demanding greater transparency around ESG issues. Bloomberg empowers financial decision-makers by providing environmental, social, and governance (ESG) data on 11,500+ companies.
Two weeks ago, I joined the CEO of Walmart’s international business to discuss how PepsiCo can help them reach their greenhouse gas (GHG) emissions goals under Project Gigaton. For our part, we are striving to reduce absolute GHG emissions across our value chain by 20% by 2030—avoiding roughly 35 million metric tons of GHG emissions overall. That’s the equivalent of more than 73 billion miles driven by the average car—or taking more than half the cars in PepsiCo’s home state of New York off the road for a year. This is a science-based target, and it represents PepsiCo’s contribution to meeting the initial goal of the 2016 Paris Agreement: limiting global warming to within two degrees Celsius of pre-industrial levels.
At NRG, we believe empowering future generations for success is the most rewarding investment an organization can make. That’s why we are honored to work with our distributed customer, Goldman Sachs, on their third annual Local College Collaborative program.
Today, Michael R. Bloomberg, the United Nations Secretary-General’s Special Envoy for Climate Action, announced that for the second year in a row he will make up the funding gap left by the United States federal government and provide $5.5 million to the United Nations Climate Change Secretariat to ensure it can continue its critical work empowering countries to meet the goals outlined in the Paris Agreement. Today’s announcement, along with the $4.5 million he contributed last year for the same purpose, brings his support for the United Nations Climate Change Secretariat to a total of $10 million in the past two years.
Everyone’s financial journey is different. We make intentional efforts to meet the individual needs of clients and communities through a diverse range...
Highlighting the top news, commentary, and research for the week coming from SHQ. The highlights newsletter also spotlights one profiled organization...
