Business/Finance

Written by: Kimberly White  The European Investment Bank (EIB) has announced that it will phase out financing for fossil fuel projects by 2021. The EIB is the world's largest multilateral financial institution, providing approximately €16 billion in energy finance annually.  The...

Written by: Kimberly White On April 15th, United Nations Secretary-General António Guterres announced a new CEO alliance to finance the Sustainable Development Goals. Coordinated by the United Nations Conference on Trade and Development (UNCTAD) and the UN Department of Economic...

Written by: Kimberly White Sustainable Brands has announced the latest addition to their Corporate Member Network: National Geographic. Launched in 2006, Sustainable Brands is a global network of companies and conferences. National Geographic joins more than 80 companies, including corporate...

Written by: Gim Huay Neo and Daniel Pacthod The World Economic Forum Global Risks Report 2024 again underscores the significance and severity of nature-related risks in the next ten years, ranking them as the most critical challenges we face globally. These risks...

Written by: Hyejune Park and Cosette Marie Joyner Armstrong A massive force is reshaping the fashion industry: secondhand clothing. According to a new report, the U.S. secondhand clothing market is projected to more than triple in value in the next 10...

Written by: Megan C. Evans For many businesses, climate change is an existential threat. Extreme weather can disrupt operations and supply chains, spelling disaster for both small vendors and global corporations. It also leaves investment firms dangerously exposed. Businesses increasingly recognise climate change as...

Written by: Dana Nuccitelli The often-repeated and seldom-challenged view that climate change solutions are expensive and uneconomical has long dampened public support in the U.S. for even common-sense measures. Seldom do proponents of those views enumerate the costs or mention the...

Written by: Kimberly White Consumer goods giant Unilever has announced a new €1 billion initiative to tackle the climate crisis and pledged to achieve net zero emissions across its value chain by 2039.  Unilever’s new commitments are designed to “improve the...

Written by: Kimberly White Morgan Stanley will no longer fund oil and gas exploration and development in the Arctic, including the Arctic National Wildlife Refuge.  Morgan Stanley is the fifth largest funder of fossil fuels in the United States. Thirty-five global...

Written by: Kathleen Simpson When it comes to the role of philanthropy in the fight against climate change, grant-making features front and centre. Grants can be nimble and risk-tolerant in spurring climate solutions, as highlighted in a recent report by...