Polly Bindman

Aug 13, 2024 | corporateknights.com | Polly Bindman |Elisângela Mendonça

Funds marketed as environmentally friendly are being used by major asset managers to funnel millions of dollars to the world’s largest meatpacker, JBS, a company notorious for its links to deforestation and human rights abuses via its supply chain. Research by Global Witness found that US asset managers BlackRock and Vanguard are among six firms holding over $11 million in active bonds issued by JBS and its subsidiaries via funds with "environmental, social and governance" (ESG) in their name.

Jul 21, 2024 | finance.yahoo.com | Polly Bindman

Climate Denial and the Rise of the Anti-ESG MovementOn 15 December, executives at BlackRock and State Street, two of the three largest asset managers in the world, appeared before a Texas state senate committee to testify on how environmental, social, and governance (ESG) investing will affect state pensions. ESG investing seeks to quantify how social and environmental impacts relate to a company’s business model.

May 15, 2024 | energymonitor.ai | Nick Ferris |Polly Bindman

This year, the World Bank and the International Monetary Fund (IMF)’s 2024 annual Spring meetings fell on the 80th anniversary of the 1944 Bretton Woods Agreement. Prompted by the need to respond to the economic fallout from the Second World War, Bretton Woods saw the creation of the two leading pillars of today’s existing system of global coordinated monetary policy: the International Reconstruction and Development (now called the World Bank) and the IMF.

Apr 23, 2024 | offshore-technology.com | Polly Bindman

A new report from the shareholder advocacy group ShareAction underscores the failure of the insurance industry to take climate change seriously, revealing that less than half (45%) of the 65 world’s largest insurers have set any kind of net-zero target for their underwriting activities. Just one-in-four insurers (26%) have set a net-zero target for 2050 or sooner that is aligned with 1.5°C for underwriting activities, according to ShareAction’s assessment.

Apr 23, 2024 | energymonitor.ai | Polly Bindman

A new report from the shareholder advocacy group ShareAction underscores the failure of the insurance industry to take climate change seriously, revealing that less than half (45%) of the 65 world’s largest insurers have set any kind of net-zero target for their underwriting activities. Just one-in-four insurers (26%) have set a net-zero target for 2050 or sooner that is aligned with 1.5°C for underwriting activities, according to ShareAction’s assessment.