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ESG Insider: A podcast from S&P Global Cover
ESG Insider: A podcast from S&P Global Profile

ESG Insider: A podcast from S&P Global

English, Finance, 6 seasons, 220 episodes, 3 days, 19 hours, 5 minutes
About
ESG Insider is a podcast from S&P Global that takes you inside the environmental, social & governance issues shaping the business world today. In each episode, co-hosts Lindsey Hall and Esther Whieldon interview ESG experts, leveraging S&P Global data to shine a light on the sustainability opportunities and risks that business leaders and investors need to know about. Lindsey Hall is head of ESG Thought Leadership at S&P Global Sutainable1 and Esther Whieldon is a Senior Writer on the team.
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Unpacking government’s role in catalyzing low-carbon solutions

Last week, the ESG Insider podcast was on the ground at Climate Week NYC for a special series of interviews. In this episode, we sit down on the sidelines of The Nest Climate Campus with Christopher Creed, Chief Investment Officer of the US Department of Energy's Loan Programs Office.   Christopher tells us that the loan programs office is working on deploying $350 billion worth of lending authority created under the US Inflation Reduction Act "to help catalyze energy projects" in the US.  "This transition is going to be private sector-led and government enabled," he says.  Find prior episodes for Climate Week NYC here:  At Climate Week NYC, seeking solutions at the nexus of climate, water and social issues https://www.spglobal.com/esg/podcasts/at-climate-week-nyc-seeking-solutions-at-the-nexus-of-climate-water-and-social-issues   At Climate Week NYC, using collaboration to tackle supply chain emissions https://www.spglobal.com/esg/podcasts/at-climate-week-nyc-using-collaboration-to-tackle-supply-chain-emissions  On the ground at Climate Week NYC: The challenge of Scope 3 emissions https://www.spglobal.com/esg/podcasts/on-the-ground-at-climate-week-nyc-the-challenge-of-scope-3-emissions   What to expect from Climate Week NYC:  https://www.spglobal.com/esg/podcasts/what-to-expect-from-climate-week-nyc-2023     This piece was published by S&P Global Sustainable1, a part of S&P Global.  Copyright ©2023 by S&P Global  DISCLAIMER        By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.
9/27/20239 minutes, 8 seconds
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At Climate Week NYC, seeking solutions at the nexus of climate, water and social issues

This week the ESG Insider podcast is on the ground at Climate Week NYC for a special series of interviews from the sidelines of The Nest Climate Campus. In this episode, we sit down with Gayle Schueller, 3M's Senior Vice President and Chief Sustainability Officer.   3M is a technology and manufacturing company with more than 60,000 products in its portfolio ranging from office and home supplies to industrial products and solutions related to safety, transportation, electronics and healthcare.  Gayle explains how 3M is working to reduce its carbon emissions and water use and impacts while also integrating social issues such as environmental justice into its processes and decision making. For example, she says the company is using the US Environmental Protection Agency's environmental justice screening and mapping tool.   "We recognize that places where there tends to be a disproportionate effect from carbon emissions and water, whether it’s usage or quality or availability ...  tend to be the communities that are otherwise disadvantaged as well," Gayle tells us.   Listen to our previous episodes about Climate Week NYC here: https://podcasts.apple.com/us/podcast/at-climate-week-nyc-using-collaboration-to-tackle-supply/id1475521006?i=1000628737675   Here: https://podcasts.apple.com/us/podcast/on-the-ground-at-climate-week-nyc-the-challenge-of/id1475521006?i=1000628577939      And here: https://www.spglobal.com/esg/podcasts/what-to-expect-from-climate-week-nyc-2023      This piece was published by S&P Global Sustainable1, a part of S&P Global.  Copyright ©2023 by S&P Global  DISCLAIMER        By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.        S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
9/22/202313 minutes, 43 seconds
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At Climate Week NYC, using collaboration to tackle supply chain emissions

This week the ESG Insider podcast is on the ground at Climate Week NYC for a special series of interviews from the sidelines of The Nest Climate Campus. In this episode, we sit down with Amina Razvi, CEO of the Sustainable Apparel Coalition (SAC).   SAC is a nonprofit alliance for the consumer goods industry. It launched in 2009 when Walmart and Patagonia brought together peers and competitors from across the sector to develop a standardized approach to measuring sustainability performance and to drive collective action.   The apparel industry accounts for anywhere between 2% and 8% of emissions, and most of those come from Scope 3 emissions in the supply chain, Amina tells us.   “It's critically important for brands, retailers and manufacturers to actually be working together,” she says. “Collaboration and partnership and collective action are critical and needed to tackle not just the apparel industry's issues with climate change and decarbonization, but every sector.”   She also talks about the industry's evolving approach to circularity, or the practice of extending the lifespan of goods and reusing materials. Read research from S&P Global Sustainable1 on how clothing companies are approaching circularity here: https://www.spglobal.com/esg/insights/fast-on-fashion-slow-on-sustainability-clothing-companies-and-the-circular-economy    Listen to our previous episodes about Climate Week NYC here: https://podcasts.apple.com/us/podcast/on-the-ground-at-climate-week-nyc-the-challenge-of/id1475521006?i=1000628577939   And here: https://www.spglobal.com/esg/podcasts/what-to-expect-from-climate-week-nyc-2023  This piece was published by S&P Global Sustainable1, a part of S&P Global.  Copyright ©2023 by S&P Global  DISCLAIMER        By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.        S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
9/21/202313 minutes, 10 seconds
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On the ground at Climate Week NYC: The challenge of Scope 3 emissions

This week the ESG Insider podcast is on the ground at Climate Week NYC for a special series of interviews from the sidelines of The Nest Climate Campus. In this episode, we sit down with Matt Helgeson. Matt is Head of Sustainability for Siemens USA, the US arm of the German conglomerate Siemens AG, a technology company focused on industry, infrastructure, transport and healthcare.  Matt talks to us about what he’s hearing from Climate Week NYC so far and the challenges presented by Scope 3 greenhouse gas emissions, which are the emissions that occur up and down a company's supply chain as well as when a customer uses the company’s products. He also shares his perspective on what needs to happen to make Climate Week NYC a success.   Stay tuned for more episodes from Climate Week NYC. You can listen to our episode on what to expect from Climate Week NYC here: https://www.spglobal.com/esg/podcasts/what-to-expect-from-climate-week-nyc-2023   This piece was published by S&P Global Sustainable1, a part of S&P Global.  Copyright ©2023 by S&P Global  DISCLAIMER        By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.        S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.     
9/20/202312 minutes, 28 seconds
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Unpacking the landscape for women in leadership — including 1 bright spot

In this episode of the ESG Insider podcast, we’re returning to the topic of gender diversity, exploring what the data shows us about the path to parity in leadership positions.   Most studies paint a discouraging picture, but new research from S&P Global finds that women could reach parity in senior leadership positions in the 2030s, among companies in the Russell 3000 Index. We speak to Daniel J. Sandberg, Head of Quantamental Research at S&P Global Market Intelligence, who conducted the data analysis for the research.  "It points to an emerging development and a bright spot amongst what may be an otherwise bleak background," Daniel tells us.   We also speak to Cynthia Devers about challenges on the road to gender parity in leadership positions. Cynthia is the R. B. Pamplin Professor of Management in the Pamplin College of Business at Virginia Tech University, where she has conducted research on women CEOs.  "The only way that I see of us getting out of that situation and trying to get closer to parity is by firms really making a commitment to it — and by shareholders voicing their opinions about it," she tells us.   You can read the latest research from S&P Global here: https://www.spglobal.com/esg/insights/featured/special-editorial/breaking-boundaries-women-poised-for-milestone-achievement-in-parity-amid-otherwise-bleak-outlook  You can read research from S&P Global Sustainable1 on women in CEO roles here: https://www.spglobal.com/esg/insights/featured/special-editorial/the-path-to-gender-parity  Listen to all the episodes in our Women in Leadership podcast series here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-in-leadership   Read more research from S&P Global on gender diversity here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-ceos-leadership-for-a-diverse-future   And here: https://www.spglobal.com/en/research-insights/featured/special-editorial/when-women-lead-firms-win   To learn more about what to expect from Climate Week NYC, listen to the ESG Insider podcast here: https://www.spglobal.com/esg/podcasts/what-to-expect-from-climate-week-nyc-2023   Learn more about the event S&P Global Sustainable1 is hosting during Climate Week NYC here: https://www.spglobal.com/esg/events/climate-week-2023?utm_source=web&utm_medium=podcast&utm_campaign=podcast   Copyright ©2023 by S&P Global    DISCLAIMER          This piece was published by S&P Global Sustainable1, a part of S&P Global.    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.          S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
9/15/202327 minutes, 51 seconds
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Talking international sustainability standards with ISSB’s Sue Lloyd

With Climate Week NYC just over a week away, we’re turning our attention to the global landscape for climate disclosure. Investors and stakeholders around the world have long clamored for more consistent and comparable climate-related disclosures, and in June 2023, the International Sustainability Standards Board (ISSB) responded to that call by issuing its first two standards.   In this episode of the ESG Insider, we speak to ISSB Vice Chair Sue Lloyd about what the board hopes to achieve, how it is working with jurisdictions around the world, and what’s next on the standard setter’s agenda.   “This really should be an opportunity for us all to take a step back and to really think about how sustainability risks and opportunities are really important to understand to run a business well, to run a business in a way that you're really sustaining value and creating value in the future,” Sue tells us.   You can read research from S&P Global Sustainable1 on the global landscape for climate disclosure here.  You can learn more about the event S&P Global Sustainable1 during Climate Week, click here.    And register here.  Copyright ©2023 by S&P Global   DISCLAIMER         This piece was published by S&P Global Sustainable1, a part of S&P Global.   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.         S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
9/8/202324 minutes, 53 seconds
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How the global ESG recruiting landscape is changing

As the US heads into Labor Day weekend, we're once again turning our focus to the topic of sustainability recruiting and how the hunt for global ESG talent is changing.   In this episode of the ESG Insider podcast, we're speaking to two recruiters focused squarely on the sustainability space. We hear from Kurt Harrison, a partner with the global executive search and advisory firm Russell Reynolds Associates, where he co-leads the global sustainability practice.   Kurt tells us he is seeing "a bit of a pause" in US hiring after several years of strong momentum. At the same time, he describes a very different recruiting environment in other parts of the world. "It's shocking to see the disparity in the level of conversation around sustainability with our European and Asia-[Pacific] clients versus our US clients."  In the episode, we also speak to Ellen Weinreb, founder of Weinreb Group, a boutique search firm focused on ESG and sustainability candidates. She talks to us about what candidates are looking for in employers, and what trends she sees on the horizon for sustainability recruiting.   Listen to our previous episode on how the hunt for ESG talent is evolving here: https://www.spglobal.com/esg/podcasts/how-the-hunt-for-esg-talent-is-evolving  You can learn more about the event S&P Global Sustainable1 during Climate Week, click here: https://www.spglobal.com/esg/events/climate-week-2023?utm_source=web&utm_medium=podcast&utm_campaign=podcast   And register here: https://events.spglobal.com/lRlvmv?rt=suGjbadFj0uCGwHKysKQtQ&RefId=podcast  Copyright ©2023 by S&P Global  DISCLAIMER        This piece was published by S&P Global Sustainable1, a part of S&P Global.  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.        S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
9/1/202329 minutes, 3 seconds
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Exploring India's energy transition and climate adaptation landscape

Earlier this year, India became the world’s most-populous nation. In this episode of the ESG Insider podcast, we’re exploring the challenges and opportunities the country faces in transitioning to a low-carbon economy and adapting to climate change.   To understand the energy transition outlook for India, we speak with Dr. Atul Arya, Senior Vice President and Chief Energy Strategist at S&P Global Commodity Insights.  To learn about the physical climate risks facing India and the country's adaptation needs, we speak to Suruchi Bhadwal, Director of Earth Science and Climate Change at The Energy and Resources Institute (TERI). Suruchi contributed to a report from the Intergovernmental Panel on Climate Change (IPCC) as an author on the chapter about key physical climate risks across sectors and regions.  You can read the S&P Global report titled ‘Look Forward: India's Moment’ here: https://www.spglobal.com/en/research-insights/featured/special-editorial/look-forward/look-forward-volume-3-2023   Copyright ©2023 by S&P Global   DISCLAIMER   This piece was published by S&P Global Sustainable1, a part of S&P Global.    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
8/25/202336 minutes, 20 seconds
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What to expect from Climate Week NYC 2023

There is one month until Climate Week takes place in New York City Sept. 17-24. Now in its 15th year, this is a big week for the sustainability world, bringing together thousands of stakeholders for hundreds of events across the city.   In this episode of the ESG Insider podcast, we’re diving into Climate Week: What it is, why it matters, and what to expect. We speak to Angela Barranco, Executive Director for North America at Climate Group, the nonprofit that organizes Climate Week in partnership with the UN General Assembly and the City of New York. She’ll tell us what themes will be covered and also how Climate Week has evolved over the years, and what needs to happen for the week to be a success.   “Climate Week is one week of the year, but this is a 52-week, 365-day effort," Angela tells us. "We need to get out there and utilize these moments to create momentum to bring resources to do the hard work. But the hard work goes on every single day.”  We also talk to Britton Jones, Founder and CEO of The Nest Climate Campus, a three-day event taking place Sept. 19-21 as part of Climate Week at New York City’s Javits Center, bringing together companies, NGOs, government, academia and the community at large. ESG Insider will be on the ground conducting interviews at The Nest Climate Campus during Climate Week.  You can learn more about the full Climate Week agenda here: https://www.climateweeknyc.org/  You can learn more about The Nest Climate Campus agenda here: https://www.thenestclimatecampus.com/home  This piece was published by S&P Global Sustainable1, a part of S&P Global. Copyright ©2023 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
8/18/202324 minutes, 8 seconds
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What to expect from SBTi's net-zero standard for financial institutions

  On the ESG Insider podcast, we routinely hear about the critical role financial institutions play in the low-carbon transition. In this episode we're talking with the Science Based Targets initiative (SBTi) to learn about its soon-to-be-finalized net-zero standard for financial institutions.  SBTi is a widely recognized organization for companies that want to ensure their decarbonization targets align with the latest scientific understanding about climate change. We interview SBTi Cofounder and Chief Technical Officer Alberto Carrillo Pineda, who explains what the organization's net-zero standard for financial institutions will entail and the unique challenges financial institutions face in setting and implementing science-based targets.  "The reason why we have decided to develop a framework for financial institutions is because of the central role that financial institutions play in enabling the current economy, but also in enabling the transition that our economy needs to undergo to stabilize global warming," Alberto tells us. To understand what working with SBTi entails, we speak with Marina Severinovsky. Marina is Head of Sustainability North America at asset manager Schroders, one of the financial institutions that had its climate targets validated by SBTi.    Listen to our previous episode on SBTi’s corporate net-zero standard here: https://www.spglobal.com/esg/podcasts/defining-net-zero-how-to-turn-pledges-into-concrete-action   DISCLAIMER       By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.       S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
8/11/202330 minutes, 26 seconds
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Unpacking the business case for happiness

In this episode of the ESG Insider podcast, we’re exploring the business case for happiness — specifically, how companies can measure and manage employee wellbeing.   We speak to Jan-Emmanuel De Neve, Professor of Behavioural Science and Economics at Saïd Business School and a Fellow of Harris Manchester College at the University of Oxford. He is also Director of Oxford’s Wellbeing Research Centre, and co-editor of the World Happiness Report. And he’s a co-founder of the World Wellbeing Movement, a coalition of stakeholders from business, civil society and academia aiming to put wellbeing at the heart of decision-making.    Jan talks to us about his research, including a new study making headlines that explores workplace wellbeing and firm performance. He explains that measuring worker wellbeing can be challenging because it involves the way people feel, and senior leaders are often hesitant to take action on subjective indicators.  "What's so nice about the studies we've done is that we showed these subjective indicators — how people feel at work — that there's real objective consequences or objective correlations to very highly objective data, including the financial performance of companies,” Jan tells us.   DISCLAIMER      By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
8/4/202327 minutes, 48 seconds
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How one of largest US insurers approaches diversity

In the sustainability world, diversity in leadership has gotten increasing attention in recent years — including from many stakeholders in the insurance industry. In this episode of the ESG Insider podcast, we continue our series on Women in Leadership in an interview with Eloiza Domingo.  Eloiza is Vice President of Human Resources and Chief Inclusive Diversity & Equity Officer at Allstate, one of the largest US property & casualty insurers. She talks to us about her path to leadership, Allstate’s approach to diversity, equity and inclusion, and what many companies get wrong when it comes to DEI.  Listen to all the episodes in our Women in Leadership series here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-in-leadership   Copyright ©2023 by S&P Global      DISCLAIMER      By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
7/28/202319 minutes, 59 seconds
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How investor engagement initiatives on climate, nature are evolving

On the ESG Insider podcast, we often hear from financial institutions about how they're engaging on sustainability issues — including by participating in investor engagement initiatives or networks.   In this episode, we explore the evolution of two such investor-led engagement initiatives: Climate Action 100+ and Nature Action 100.   Climate Action 100+ signatories are engaging with many of the world's largest companies to take action on climate change. Since launching in 2017, the initiative has grown to include more than 700 members that are collectively responsible for $68 trillion dollars in assets under management. And now, Climate Action 100+ is moving into phase two of its engagement plan.  We learn what more about what changes investors are making under phase two from Mindy Lubber, CEO and President of Ceres, which is one five investor networks helping to deliver Climate Action 100+.   While Climate Action 100+ moves into phase two, Nature Action 100 is just getting started. Nature Action 100 had a soft launch at COP15, the UN's big biodiversity conference, in Montreal in December 2022, and the initiative recently released a set of investor expectations. To learn about next steps, we speak to  Adam Kanzer, Head of Stewardship Americas at BNP Paribas Asset Management, which is part of the launching group for the initiative.  Listen to our episode on key themes emerging from the 2023 GreenFin Conference here: https://www.spglobal.com/esg/podcasts/at-greenfin-financial-institutions-look-to-translate-sustainability-into-plain-english    Listen to our episode from COP15, where we cover how businesses are getting to grips with biodiversity, here: https://www.spglobal.com/esg/podcasts/on-the-ground-at-cop15-how-business-is-getting-to-grips-with-biodiversity    Copyright ©2023 by S&P Global         DISCLAIMER          This piece was published by S&P Global Sustainable1, a part of S&P Global.         By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.          S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
7/21/202317 minutes, 31 seconds
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Why Europe is warming at a faster rate than the rest of the world

Europe has been warming twice as much as the global average since the 1980s, and in 2022 warmed about 2.3 degrees C above preindustrial levels, according to the State of the Climate in Europe 2022 report, published in June 2023 by the World Meteorological Organization and the EU's Copernicus Climate Change Service, which provides information about the climate in Europe and the rest of the world.  In this episode of the ESG Insider podcast, we speak to Carlo Buontempo, Director of the EU’s Copernicus Climate Change Service. He tells us that many parts of Europe are experiencing extreme heat, wildfires and melting glaciers.     "We are very much in uncharted territory," he says.    We also talk to Petteri Taalas, Secretary-General of the World Meteorological Organization, who tells us that the shift to renewable energy is key in addressing the challenges of climate change Listen to the episode of the ESG Insider podcast where we cover the impact of the Canadian wildfires on business, net zero and health here: https://www.spglobal.com/esg/podcasts/how-the-canadian-wildfires-impact-business-net-zero-health   Photo credit: Getty Images   Copyright ©2023 by S&P Global     DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.     S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
7/14/202321 minutes, 58 seconds
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At GreenFin, financial institutions look to translate sustainability into plain English

In this episode of the ESG Insider podcast, we’re on the ground at the GreenFin conference, which convened stakeholders from across the green finance ecosystem. We hear from panelists and attendees about key themes from the event — the challenges of closing the climate financing gap; how 2023 is "the year of the transition plan;" and the importance of translating sustainability topics for a broad audience, including employees, investors and the public at large.  In the episode we speak to:  -Aeisha Mastagni, Portfolio Manager in the Sustainable Investment and Stewardship Strategies unit of big US pension fund California State Teachers' Retirement System (CalSTRS)  -Tobi Petrocelli, Head of Sustainability and Transition Finance Strategy for MUFG Americas, a division of large Japanese bank Mitsubishi UFJ Financial Group (MUFG)    -Rob Bradley, Managing Director of Climate Change and Sustainability Services at big consulting and advisory firm Ernst & Young (EY)  -Matthew Sekol, Sustainability Industry Advocate at Microsoft   -Catherine Berman, CEO and Co-Founder of CNote, an impact investment platform helping large companies move capital into community investments    -Elizabeth Harnett, Research and Impact Expert in the Center for Climate-Aligned Finance at RMI, a US think tank focused on the clean energy transition  Listen to our episode featuring the Executive Director of the Taskforce on Nature-related Financial Disclosures (TNFD) here: https://www.spglobal.com/esg/podcasts/tnfd-executive-director-talks-new-nature-disclosure-framework   Photo credit: Getty Images  Copyright ©2023 by S&P Global    DISCLAIMER    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.    S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
7/7/202329 minutes, 36 seconds
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TNFD executive director talks new nature disclosure framework

Biodiversity and nature are gaining attention from companies, investors and governments. At the same time, many stakeholders are in the early stages of measuring and understanding nature-related risks.  In this episode of ESG Insider, we sit down at the GreenFin conference with Tony Goldner, Executive Director of the Taskforce on Nature-related Financial Disclosures (TNFD). He explains how TNFD’s soon-to-be-finalized set of disclosure recommendations could help companies understand their nature-related risks and increase investment in nature-related climate solutions.   "These two things are inextricably linked, and the solutions to one will enable solutions to the other," Tony tells us. "The science is increasingly clear: We're not going to get to net-zero if nature is not absolutely at the core of the solution set."  Read research from S&P Global Sustainable1 on nature-related risks and dependencies here: https://www.spglobal.com/esg/insights/featured/special-editorial/how-the-world-s-largest-companies-depend-on-nature-and-biodiversity  Listen to the episode of the ESG Insider podcast where we cover the U.N.’s COP 15 biodiversity, which resulted in a landmark agreement for nature known as the Global Biodiversity Framework: https://www.spglobal.com/esg/podcasts/on-the-ground-at-cop15-how-business-is-getting-to-grips-with-biodiversity    Read the S&P Global Sustainability Quarterly here: https://www.spglobal.com/esg/insights/featured/sustainability-journal/second-quarter-2023-edition-solving-sustainability-challenges   Photo source: Getty Images     Copyright ©2023 by S&P Global         DISCLAIMER          This piece was published by S&P Global Sustainable1, a part of S&P Global.         By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.          S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
6/30/202321 minutes, 1 second
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How the Canadian wildfires impact business, net-zero, health

Earlier in June 2023, a series of wildfires across Quebec, Canada blanketed eastern North America in smoke. In this episode of the ESG Insider podcast, we speak to three scientists about how climate change is exacerbating hazards like these wildfires, and to understand how an event like this impacts health, business and the economy.   We talk to Werner Kurz, senior research scientist with the Canadian Forest Service of Natural Resources Canada, about how wildfires can impact net-zero goals.   We speak with Terry Thompson, Chief Climate Scientist at the Climate Center of Excellence at S&P Global Sustainable1. He talks to us about the financial impacts of wildfires.    And to understand the health impacts of climate change broadly and wildfires specifically, we interview Sarah Henderson, Scientific Director of Environmental Health Services at Canada’s British Columbia Centre for Disease Control, and at the National Collaborating Centre for Environmental Health.   Photo source: Getty Images     Copyright ©2023 by S&P Global         DISCLAIMER          This piece was published by S&P Global Sustainable1, a part of S&P Global.         By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.         S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
6/23/202337 minutes, 43 seconds
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How companies are seeking to solve the energy trilemma

  In this episode of the ESG Insider podcast, we explore challenges and potential solutions to the energy trilemma, which is the idea that the world needs to balance energy security, energy sustainability and energy affordability.   We bring you interviews from the sidelines of the Reuters Global Energy Transition conference in New York City, including with Greg Jackson, Founder and CEO of UK-based renewable electricity supplier Octopus Energy Group.   We speak with Joseph Vellone, Head of North America at ev.energy, which operates a cloud-based electric vehicle charging management platform. Joseph tells us how shifting the charging schedules of electric vehicles can help address the energy security component of the trilemma, specifically when it comes to maintaining grid reliability and enabling the use of more renewable generation.    We explore the challenges and solutions for adopting low-carbon hydrogen and carbon capture technologies with David Burns, Vice President of Clean Energy at Linde, a large industrial gas and engineering company. And we talk with Patrick Schultz, Executive Vice President of Development, Strategy and Innovation and Chief Growth Officer at Veolia North America. Veolia helps industrial and municipal customers around the world manage water, waste and energy.  Listen to our episode on low-carbon hydrogen here: https://www.spglobal.com/esg/podcasts/pulling-back-the-curtain-on-the-promise-of-low-carbon-hydrogen Photo source: Getty Images    Copyright ©2023 by S&P Global        DISCLAIMER         This piece was published by S&P Global Sustainable1, a part of S&P Global.        By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.        S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
6/16/202331 minutes, 52 seconds
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Unpacking the EU’s Green Deal Industrial Plan

The energy transition is prompting policy changes worldwide as governments seek to mobilize the trillions of dollars needed to transform their economies. For example, in 2022, the U.S. signed into law the Inflation Reduction Act, a comprehensive energy and climate law that allocates $370 billion in federal spending to decarbonization efforts over the next decade.  In this episode of the ESG Insider podcast, we’re turning our attention to the European Union and digging into the Green Deal Industrial Plan. The European Commission proposed the plan earlier this year to boost investment in clean-tech industries and to make the EU more competitive globally amid the transition to a low-carbon economy.    To learn about the EU’s strategy, we talk to Elisabetta Cornago, Senior Research Fellow at the Centre for European Reform, a think tank.   “The IRA was a bit of a call to action for the EU,” Elisabetta tells us.  We also speak to Hayden Morgan, Partner and Head of Sustainable Finance Advisory at Pinsent Masons, a multinational law firm headquartered in London. And we hear from Brian Hensley, Partner at climate advisory firm Kaya Partners.  Photo source: Getty Images     Copyright ©2023 by S&P Global         DISCLAIMER          This piece was published by S&P Global Sustainable1, a part of S&P Global.         By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.         S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
6/9/202328 minutes, 43 seconds
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How the aviation sector is charting a net-zero flight path

In this episode of ESG Insider, we’re exploring how the hard-to-abate aviation sector is approaching net-zero goals. We bring you on-the-ground interviews from a sustainable aerospace forum hosted by Boeing and Financial Times Live that took place in Seattle on May 17.   To understand what steps airlines are taking to decarbonize, we talk with United Airlines Chief Sustainability Officer and Managing Director of Global Environmental Affairs Lauren Riley. We also sit down with Alaska Airlines Senior Vice President of Public Affairs and Sustainability Diana Birkett Rakow.  To get the financial sector perspective, we speak with Joseph Shanahan, Head of Aviation at big multinational bank Citi. To hear about new aviation technologies being developed, we sit down with Sheila Remes, Vice President of Environmental Sustainability at Boeing. And we explore the world of sustainable aviation fuel (SAF) with Philippe Lacamp, CEO of SkyNRG, a distributor of low-carbon aviation fuels.  Photo source: Getty Images    Copyright ©2023 by S&P Global        DISCLAIMER         This piece was published by S&P Global Sustainable1, a part of S&P Global.        By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.        S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
6/2/202341 minutes, 30 seconds
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A look at the unique decarbonization challenges in Asia

In this week’s episode of ESG Insider, we’re bringing you coverage of a sustainability summit that S&P Global Sustainable1 hosted in Singapore on May 16.    We caught up with conference speakers to learn their key takeaways and explore the challenges Asia faces on the path to net-zero, including when it comes to transitioning away from coal-fired generation.   To understand how banks in Asia are tackling the transition, we talk with Helge Muenkel, Group Chief Sustainability Officer at Singapore-based DBS Bank, a multinational banking and financial services corporation that operates in 19 markets.  We also hear the real estate perspective from Esther An, Chief Sustainability Officer at City Developments Limited. CDL is a global real estate company headquartered in Singapore that has 143 locations in 28 countries and regions.  Listen to our coverage from the S&P Global Sustainable1 Summit in Paris here: https://www.spglobal.com/esg/podcasts/on-the-ground-in-paris-how-french-bank-societe-generale-approaches-energy-transition-finance   And here: https://www.spglobal.com/esg/podcasts/on-the-ground-in-paris-connecting-the-dots-between-climate-and-biodiversity   Photo source: Getty Images    Copyright ©2023 by S&P Global        DISCLAIMER         This piece was published by S&P Global Sustainable1, a part of S&P Global.        By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.        S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.   
5/26/202326 minutes, 3 seconds
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On the ground in Paris: Connecting the dots between climate and biodiversity

In this week’s episode of ESG Insider, we’re bringing you coverage of a sustainability summit that S&P Global Sustainable1 hosted in Paris on May 10.   We sit down with conference speakers on the sidelines of the event to discuss themes ranging from physical climate risks to net zero to the energy transition to nature. A theme throughout these discussions is the importance of taking a holistic approach to sustainability issues and not treating them in silos.     We speak to Michael Sheren, fellow at the Cambridge Institute of Sustainability Leadership, who explains why biodiversity and climate risks need to be addressed hand in hand.   Nature and climate “are literally twins. They have to be connected,” Michael tells us.   We talk to Julia Ripa, quantitative analyst at Swedish pension fund AP4, who tells us about the challenges investors face in obtaining biodiversity data. We hear from Prajna Khanna, Global Head of Sustainability at technology investment company Prosus Group, who explains the gaps in financing between developed and developing nations. And we sit down with Camille Putois, CEO of Business for Inclusive Growth, a partnership between the OECD and a global, CEO-led coalition of companies. She tells us about a new framework being developed to address social issues.    Listen to part 1 of our coverage from the S&P Global Sustainable1 Summit in Paris here: https://www.spglobal.com/esg/podcasts/on-the-ground-in-paris-how-french-bank-societe-generale-approaches-energy-transition-finance   Photo source: Getty Images    Copyright ©2023 by S&P Global        DISCLAIMER         This piece was published by S&P Global Sustainable1, a part of S&P Global.        By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.        S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
5/19/202334 minutes, 58 seconds
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On the ground in Paris: How French bank Société Générale approaches energy transition finance

Corporates, investors, analysts and academics gathered in Paris on May 10, 2023, for the S&P Global Sustainable1 Summit to discuss sustainability themes ranging from biodiversity to climate risk to net zero and the energy transition.   In this episode of the ESG Insider podcast, we sit down with conference speaker Olivier Musset, Global Head of Energy at the investment banking division of big French bank Société Générale.   Olivier talks to us about the role banks can play in scaling up finance for the energy transition, and the challenges lenders face in weighing the risks of financing sustainable projects alongside the potential long-term benefits.   We’ll bring you more highlights from the conference in our next episode. And you can register here for the S&P Global Sustainable1 Summit taking place in Singapore on May 16, 2023: https://www.spglobal.com/esg/events/sustainable1-summit-2023?utm_source=marketo&utm_medium=email&utm_campaign=ESGInsider   Photo source: Getty Images   Copyright ©2023 by S&P Global       DISCLAIMER        This piece was published by S&P Global Sustainable1, a part of S&P Global.       By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.       S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
5/12/202324 minutes, 50 seconds
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How companies, countries are beginning to put a value on nature

We’re seeing more companies and countries start to account for the value of nature. In this episode of ESG Insider, we'll hear from two people well-placed to explain how the world has historically done little to understand the way nature benefits the economy — and how that is now evolving.   For the global perspective, we talk with Martin Lok, Executive Director of the Capitals Coalition, a global collaboration that advocates for companies to identify, measure and value their impacts and dependencies on natural capital, social capital and human capital.    We also explore how the US is moving to put nature on the nation's balance sheet. The Biden administration announced the strategy in January 2023 with the goal of better understanding how nature contributes to the US economy. To learn more about what this strategy entails, we talk with Aniket Shah, Managing Director and Global Head of Environmental, Social and Governance and Sustainability Research at the financial services company Jefferies Group.  Photo source: Getty Images  Copyright ©2023 by S&P Global      DISCLAIMER       This piece was published by S&P Global Sustainable1, a part of S&P Global.      By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
5/5/202334 minutes, 57 seconds
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How Mexico’s sustainable taxonomy tackles both environmental and social issues

In this episode of the ESG Insider podcast we’re continuing our exploration of the sustainable taxonomies developing in countries around the world.   Today we’re turning to Mexico, which announced a new sustainable taxonomy in March 2023. According to the Mexican government, the taxonomy is the first in the world to consider social objectives. Achieving gender equality is one of its major goals.   To learn more, we speak to Carlos Vargas, Professor of Finance at EGADE Business School in Mexico who has published research on sustainable finance. We also hear from Enrique Lendo, who is project coordinator for sustainable finance at the UN Environment Programme in Mexico City and an adviser to the Mexican government on the taxonomy.   “The Mexican taxonomy is unique if you compare it with the other taxonomies because it balances the social aspects and the social goals that Mexico has...with environmental goals,” he tells us.   And we talk to Valeria Dagnino Contreras, who is Latin American sustainability manager for the nonprofit Climate Bonds Initiative and who advised on creation of Mexico’s taxonomy.  “We're seeing it as a reference for the whole region because there's a big challenge that we need to tackle in general in how we go about understanding the inclusion of women in the labor force,” Valeria tells us.   Listen to our episode on global taxonomies here: https://www.spglobal.com/esg/podcasts/how-sustainable-taxonomies-are-going-global    Listen to our episode on the EU taxonomy here: https://podcasts.apple.com/us/podcast/defining-green-what-investors-need-to-know-about-the/id1475521006?i=1000531954636       Photo source: Getty Images  Copyright ©2023 by S&P Global      DISCLAIMER       This piece was published by S&P Global Sustainable1, a part of S&P Global.      By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
4/28/202333 minutes, 22 seconds
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How Indigenous rights in the low-carbon transition are gaining traction among investors, companies

In this episode of the ESG Insider podcast, we explore how Indigenous communities are engaging with companies, financial institutions and investors to ensure a just transition to a low-carbon economy. We speak to Kate Finn, Executive Director of First Peoples Worldwide, an Indigenous-led organization that aims to increase corporate accountability to Indigenous peoples at the intersection of business, law and finance.  Kate says companies are starting to realize that their operational areas often overlap with the lands, territories and resources of Indigenous peoples.   "In the last three or four years, there is incredible interest from the private sector in understanding not only their Indigenous rights risk exposure, but how to operationalize Indigenous rights in their companies and in their processes," she tells us.   And we speak to Kevin Thomas, CEO of the Shareholder Association for Research and Education, or SHARE, a shareholder advocacy organization for institutional investors in Canada. The group is part of the secretariat behind an institutional investor engagement initiative called Climate Engagement Canada, which drives dialogue between finance and industry to promote a just transition to a net-zero economy. The CEC is undertaking a climate benchmarking exercise aimed at enabling members to engage with Canadian companies on their net-zero transition plans. The benchmarking exercise includes a metric on how companies are considering Indigenous rights in their low-carbon transition plans.  Kevin says companies in Canada tend to approach Indigenous rights as separate from climate change. He hopes the CEC and its benchmarking exercise will "bring those two worlds together."  "If there's an issue, if there's an impact, we should be getting to the table together to figure out how to mitigate it," he says.  Listen to our episode about the UN's biodiversity conference known as COP15 here: https://www.spglobal.com/esg/podcasts/on-the-ground-at-cop15-how-business-is-getting-to-grips-with-biodiversity   Photo source: Getty Images  Copyright ©2023 by S&P Global    DISCLAIMER     This piece was published by S&P Global Sustainable1, a part of S&P Global.    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.    S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
4/21/202336 minutes, 23 seconds
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Why latest IPCC report includes urgent warning on net zero

In March 2023, the UN's Intergovernmental Panel on Climate Change (IPCC) released a synthesis report warning that the world needs to act fast to reduce emissions. The synthesis report is likely to be the go-to document for many stakeholders setting their climate policies and plans over the next several years.    In this episode of ESG Insider, we hear from two authors of the IPCC report: Dr. Aditi Mukherji, who is Director of the Climate Adaptation and Mitigation Impact Area Platform at the Consultative Group for International Agricultural Research (CGIAR). CGIAR is a global research partnership that works with scientists around the world on agricultural innovation and is dedicated to transforming food, land and water systems in a climate crisis.      And we speak to Dr. Peter Thorne, who is Professor in Physical Geography at Maynooth University in Ireland. He is also Director of the Irish Climate Analysis and Research Units group at the university.   "The future we write depends upon the emissions choices we make today and in the coming decades," Peter tells us. He says that the world has the tools to stop global warming, but this will require a concerted effort across all parts of society. "We should get to net zero as quickly as we can. That is the very best, most resilient way that we can move forward," he says.  Photo source: Getty Images  Copyright ©2023 by S&P Global    DISCLAIMER     This piece was published by S&P Global Sustainable1, a part of S&P Global.    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.    S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.  
4/14/202323 minutes, 10 seconds
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How big bank BBVA is approaching the low-carbon transition

The low-carbon transition will require some major innovations, a rapid buildout of existing technologies, and significantly more financing, the recently released synthesis report of the Intergovernmental Panel on Climate Change (IPCC) states.  In this episode of the ESG Insider podcast, we sit down for an interview with BBVA Chair Carlos Torres Vila to learn how one of the largest banks in Spain and Mexico is approaching the transition.  Carlos talks about steps BBVA is taking to lower the carbon profile of its portfolio in sectors high in emissions intensity. He explains how the bank is mobilizing capital for the low-carbon transition. And he tells us that the right economic incentives will help unlock the innovation needed to advance the transition.   Listen to our episode about S&P Global CERAWeek here: https://www.spglobal.com/esg/podcasts/on-the-ground-at-ceraweek-where-the-energy-world-stands-on-the-low-carbon-transition   Photo source: BBVA  Copyright ©2023 by S&P Global   DISCLAIMER   This piece was published by S&P Global Sustainable1, a part of S&P Global.   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
4/7/202320 minutes, 34 seconds
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Women in Leadership: What we learned talking diversity with leaders around the globe

March is Women's History Month. To mark the occasion, we’ve been interviewing women CEOs and executives from across industries and around the globe. In our final episode in this special series of the ESG Insider podcast, we hear from three women leaders from very different backgrounds.  We talk with Dr. Amani Abou-Zeid, Commissioner for Infrastructure and Energy of the African Union Commission. She talks about the importance of ensuring women have a seat at the table when designing energy and infrastructure policies.  We speak to Alethia Jackson, Senior Vice President for ESG and Chief Diversity, Equity & Inclusion Officer for the U.S. at Walgreens Boots Alliance, a healthcare, pharmacy and retail company with a presence in the U.S., Europe and Latin America. Alethia shares her experience leading during the pandemic and helping her company bring the COVID-19 vaccine to local communities — which she said required trust-building, communication and collaboration.  And we hear from Jessica Economos, Vice President for Global Diversity Equity & Inclusion at Wolters Kluwer, a Dutch information, software solutions and services company with operations around the globe. She explains how approaches to diversity and equity can vary by region, but respect and inclusion are universal.  "What resonates regardless of country is inclusion: How we treat others, how we respect others, how we treat and respect our customers and our vendors," Jessica tells us.  You can listen to previous episodes in our Women in Leadership podcast series here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-in-leadership   Listen to our episode on S&P Global CERAWeek here: https://www.spglobal.com/esg/podcasts/on-the-ground-at-ceraweek-where-the-energy-world-stands-on-the-low-carbon-transition   Read recent research from S&P Global on women in leadership here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-ceos-leadership-for-a-diverse-future     And here: https://www.spglobal.com/esg/insights/featured/special-editorial/the-path-to-gender-parity   Photo source: Getty Images  Copyright ©2023 by S&P Global   DISCLAIMER   This piece was published by S&P Global Sustainable1, a part of S&P Global.   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
3/31/202339 minutes, 34 seconds
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Women in Leadership: Why UPS head of sustainability says you don't need a title to lead

  Throughout Women's History Month, we're bringing you a special series of the ESG Insider podcast focused on women in leadership. We're speaking to women CEOs and executives from across industries and around the globe.   In this episode, we interview Laura Lane, Executive Vice President and Chief Corporate Affairs and Sustainability Officer at UPS, a multinational shipping & receiving and supply chain management company.  Laura explains how her "life-changing" experience as a Foreign Affairs officer during the civil war in Rwanda impacted her outlook on life and leadership.   "That taught me the importance of people, the importance of principles, and gave me that internal courage to challenge the status quo, advocate for new paths — and in many ways, set me on the path to eventually joining the private sector and being a part of the change that we wanted to see in how companies show up in the world," Laura says.  Laura explains how her leadership style has evolved over the course of her career. "One of the constants has always been something that was career advice that I was given early on in my Foreign Service days, which was: Don't wait for someone to give you a title to act. Lead from where you are," she says.  Diversity in leadership has received increasing attention in recent years from stakeholders in the sustainability world. Investors have pushed for diversity on company boards and management teams, and in some parts of the world, that push has extended to laws and regulations. But the number of women in top roles remains low. Read recent research from S&P Global on women in leadership here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-ceos-leadership-for-a-diverse-future     And here: https://www.spglobal.com/esg/insights/featured/special-editorial/the-path-to-gender-parity   You can listen to previous episodes in our Women in Leadership series here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-in-leadership   You can listen to Laura's TED Talk on her time in Rwanda here: https://www.ted.com/talks/laura_lane_when_you_shouldn_t_follow_the_rules  Photo source: UPS  Copyright ©2023 by S&P Global   DISCLAIMER   This piece was published by S&P Global Sustainable1, a part of S&P Global.   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
3/24/202323 minutes, 18 seconds
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On the ground at CERAWeek: Where the energy world stands on the low-carbon transition

This week the ESG Insider podcast is on the ground in Houston, Texas for a special episode covering key themes from one of the world’s largest energy conferences — the annual CERAWeek event hosted by S&P Global. The event brings together big names from across the oil and gas, finance, government and technology sectors, and provides an opportunity to take the pulse of the global energy industry on the low-carbon transition.  In this episode we cover key themes that emerged throughout the week, from balancing sustainability goals with energy security needs, to emerging energy technologies, to the just transition.  Guests on today’s episode include:   Jigar Shah, Director of the U.S. Department of Energy's Loan Programs Office  Lance Uggla, CEO of BeyondNetZero, a venture targeting growth equity investments related to climate change, and the founder and former CEO of IHS Markit before it merged with S&P Global  Alok Sinha, Global Head of Oil & Gas and Chemicals at international bank Standard Chartered  Ben Wilson, Chief Strategy and External Affairs Officer at National Grid and Interim President of National Grid Ventures  Dr. Mike Howard, Chair of the World Energy Council  Allyson Anderson Book, Chief Sustainability Officer at Baker Hughes, an energy and industrial technology company  Amanda Eversole, Executive Vice President and Chief Advocacy Officer at the trade association American Petroleum Institute  Jessica Monserrate, Head of Sustainability North America at BASF, the world's largest chemical company  David Victor, professor of innovation and public policy at the School of Global Policy and Strategy at UC San Diego in California  Shannon O'Neil, Vice President, Deputy Director of Studies, and Nelson and David Rockefeller Senior Fellow for Latin America Studies at the Council on Foreign Relations, a think tank  You can find more coverage of CERAWeek from S&P Global here: https://www.spglobal.com/commodityinsights/en/market-insights/topics/ceraweek   And you can listen here: https://www.spglobal.com/en/research-insights/podcasts/essential-podcast/the-essential-podcast-episode-81-ceraweek-day-5   Listen to our previous episode on the U.S. Inflation Reduction Act here: https://www.spglobal.com/esg/podcasts/what-landmark-new-us-climate-law-means-for-emissions  You can listen to our Women in Leadership podcast series here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-in-leadership    Photo source: Getty Images  Copyright ©2023 by S&P Global   DISCLAIMER   This piece was published by S&P Global Sustainable1, a part of S&P Global.   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.   
3/17/20231 hour, 13 minutes, 42 seconds
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Women in Leadership: How Africa's largest stock exchange approaches diversity

To mark Women's History Month, we're bringing you a special series of the ESG Insider podcast focused on women in leadership. We're speaking to women CEOs and executives from across industries and around the globe.  In this episode, we interview Shameela Soobramoney, Chief Sustainability Officer at the Johannesburg Stock Exchange. She explains how the JSE approaches gender equality internally and in its role as an exchange listing the stocks and bonds of hundreds of companies.  "At the JSE, there's a strong advocacy for women empowerment and female representation. And we do believe that it starts with leading by example," she says. "We're the largest stock exchange in the continent, a key player in the South African economy. And [the JSE] has an acute understanding of the role that exchanges must play in driving diversity in all its forms and inclusion beyond just our organization."  She also talks about the challenges she faced starting her career as a woman of color just as South Africa was coming out of apartheid.   "The challenges that women anywhere will face, it feels like were exacerbated for someone like me in a country like South Africa with its past," she says.   "Women need to be each other's supporters," she adds. "That is what we should be doing —and opening the door for others and helping younger women along who are facing some of the challenges that you might have had earlier in your career."  Diversity in leadership has received increasing attention in recent years from stakeholders in the sustainability world. Investors have pushed for diversity on company boards and management teams, and in some parts of the world, that push has extended to laws and regulations. But the number of women in top roles remains low. Read recent research from S&P Global on women in leadership here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-ceos-leadership-for-a-diverse-future   And here: https://www.spglobal.com/esg/insights/featured/special-editorial/the-path-to-gender-parity   You can listen to previous episodes in our Women in Leadership series here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-in-leadership   Photo source: JSE  Copyright ©2023 by S&P Global  DISCLAIMER  This piece was published by S&P Global Sustainable1, a part of S&P Global.  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
3/15/202321 minutes, 26 seconds
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Women in Leadership: What South African CEO learned from taking the reins during COVID

To mark Women’s History Month and International Women’s Day, we’re bringing you a special series of the ESG Insider podcast focused on women in leadership, featuring interviews with women CEOs and executives from across industries and around the globe.  In this episode, we’re speaking to Jackie van Niekerk, CEO of South African real estate investment trust Attacq, which is listed on the Johannesburg Stock Exchange. Attacq has a majority of women employees from executive leadership right through the business and tries to create an environment for women to succeed, Jackie tells us.   “It's not a perfect science, but we really try to encourage that you can be a mom, you can be a wife, you can be a partner, and you can still have a beautiful career,” she says.  Jackie took on the CEO role during COVID-19, and she talks about the lessons she learned from leading through the pandemic.  "I really started listening to my people, to my clients, understanding what are you actually going through, learning how to pause and then implement," she says. "And that's the greatest thing I got out of COVID, and it's really, really helped me become a leader that's for the people and not just for the numbers." Diversity in leadership has received increasing attention in recent years from stakeholders in the sustainability world. Investors have pushed for diversity on company boards and management teams, and in some parts of the world, that push has extended to laws and regulations. But the number of women in top roles remains low. Read recent research from S&P Global on women in leadership here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-ceos-leadership-for-a-diverse-future   And here: https://www.spglobal.com/esg/insights/featured/special-editorial/the-path-to-gender-parityy  You can listen to previous episodes in our Women in Leadership series here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-in-leadership   Photo source: Attacq  Copyright ©2023 by S&P Global  DISCLAIMER  This piece was published by S&P Global Sustainable1, a part of S&P Global.  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.   
3/14/202321 minutes, 47 seconds
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Women in Leadership: How Amalgamated Bank CEO navigated a career spanning crises and continents

In the latest episode of our special Women in Leadership series of the ESG Insider podcast, we’re speaking with Priscilla Sims Brown, CEO of New York-based Amalgamated Bank — a company she describes as “a little bit unusual” in the financial services world in that it is a socially responsible bank focused on ESG and sustainability.    Priscilla's path to the CEO role has spanned continents and industries — from growing up in an Ethiopian family in Germany to working in business journalism in California to holding an executive role at Australia’s largest bank. She also tells us how her experiences working through crisis — from natural disasters to COVID-19 — have shaped her leadership style and her approach to diversity, equity and inclusion.  “I'm not uncomfortable with discomfort,” she says.   Priscilla explains how attitudes about leadership have evolved. “Often, you found women emulating men, you found women doing what was comfortable to men in the workplace in order to be accepted,” she said of her early career. “What's really nice today is that a lot of the women I see in the workplace are very comfortable dressing, acting, talking, thinking differently.”  Diversity in leadership has received increasing attention in recent years from stakeholders in the sustainability world. Investors have pushed for diversity on company boards and management teams, and in some parts of the world, that push has extended to laws and regulations. But the number of women in top roles remains low. Read recent research from S&P Global on women in leadership here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-ceos-leadership-for-a-diverse-future   And here: https://www.spglobal.com/esg/insights/featured/special-editorial/the-path-to-gender-parity   You can listen to previous episodes in our Women in Leadership series here: https://www.spglobal.com/esg/podcasts/women-in-leadership-no-horace-mann-ceo-is-not-working-the-coat-check    Here: https://www.spglobal.com/esg/podcasts/women-in-leadership-seventh-generation-ceo-on-importance-of-being-radically-human-    And here: https://www.spglobal.com/esg/podcasts/women-in-leadership-how-norwegian-industrial-ceo-puts-diversity-on-the-agenda    We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).    Photo source: Amalgamated Bank  Copyright ©2023 by S&P Global     DISCLAIMER     This piece was published by S&P Global Sustainable1, a part of S&P Global.    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.     S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
3/10/202322 minutes, 10 seconds
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Women in Leadership: No, Horace Mann CEO is not working the coat check

Today, March 8, is International Women’s Day, and to mark the occasion we’re bringing you the latest in our special series of the ESG Insider podcast focused on women in leadership. We’re talking to Marita Zuraitis, CEO of Horace Mann, a financial services and insurance company that serves U.S. public educators.  Marita tells us how she handles the unconscious bias she has encountered on her path to the C-suite.   “I can't tell you how many times somebody handed me their coat,” she says. “Now we call it unconscious bias, and we talk about making people aware of their unconscious biases. I didn't have a label for it until a lot of the corporate social responsibility and ESG push that we see today.”  Marita also discusses how her company works to promote diversity, equity and inclusion for its workforce and for its customer base, which is 75% women.    "We work really hard to support our very heavily concentrated female customer base,” she says. "Females in our customer base are often the head of household, often working on and controlling the finances in the household, and many of those people are women of color. So concentrating our efforts on financial wellness and financial planning for our sector was something that we thought we could do to get right to the issue of helping females protect what they have today and secure their long-term financial future.”  Diversity in leadership has received increasing attention in recent years from stakeholders in the sustainability world. Investors have pushed for diversity on company boards and management teams, and in some parts of the world, that push has extended to laws and regulations. But the number of women in top roles remains low. Read recent research from S&P Global on women in leadership here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-ceos-leadership-for-a-diverse-future  And here: https://www.spglobal.com/esg/insights/featured/special-editorial/the-path-to-gender-parity  You can listen to previous episodes in our Women in Leadership series here: https://www.spglobal.com/esg/podcasts/women-in-leadership-seventh-generation-ceo-on-importance-of-being-radically-human-   And here: https://www.spglobal.com/esg/podcasts/women-in-leadership-how-norwegian-industrial-ceo-puts-diversity-on-the-agenda   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   Photo source: Horace Mann Copyright ©2023 by S&P Global    DISCLAIMER    This piece was published by S&P Global Sustainable1, a part of S&P Global.   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.    S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
3/8/202323 minutes, 3 seconds
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Women in Leadership: Seventh Generation CEO on importance of being 'radically human'

To mark Women’s History Month and International Women’s Day March 8, we’re bringing you a special series of the ESG Insider podcast focused on women in leadership. We’ll be speaking to women CEOs and executives from across industries and around the globe.  In our second interview of the series we interview Alison Whritenour, CEO of Seventh Generation, a U.S. producer of eco-friendly cleaning, paper and personal care products.   Alison has been at Seventh Generation for more than a decade and became its CEO in July 2021. She describes her leadership style as "radically human" — meaning she leads with an emphasis on transparency and collaboration, and by leaning into listening to the advice and experience of her team. She also describes her decisions along her career path as based on connecting the things that she personally cares about with her day-to-day work.   “I really believe that leaders are at their best when they can be themselves, and that then really opens up the door for folks around them to feel comfortable and feel like they can approach leaders with questions, challenges, opportunities,” she says.   Diversity in leadership has received increasing attention in recent years from stakeholders in the sustainability world. Investors have pushed for diversity on company boards and management teams, and in some parts of the world, that push has extended to laws and regulations. But the number of women in top roles remains low. Recent research from S&P Global found that women represented just 5.4% of CEOs in 2022, slightly up from 5% in 2021. You can read that research here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-ceos-leadership-for-a-diverse-future   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   Photo source: Seventh Generation  Copyright ©2023 by S&P Global    DISCLAIMER    This piece was published by S&P Global Sustainable1, a part of S&P Global.   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.    S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
3/6/202319 minutes, 39 seconds
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Women in Leadership: How Norwegian industrial CEO puts diversity on the agenda

March is Women’s History Month and March 8 is International Women’s Day. To mark the occasion, we’re bringing you a special series of the ESG Insider podcast focused on women in leadership. We’ll be speaking to women CEOs and executives from across industries and around the globe.  In our first interview of the series, we speak to Hilde Aasheim, CEO of Norsk Hydro, a large Norwegian aluminum and energy producer with a big focus on renewables and operations in 40 countries. She tells us how she works with women across her company to help them develop their careers. She also explains her career path to the C-suite, and how she approaches diversity, equity and inclusion in her role.   “Leadership is a balancing act. You have to work with your heart and your head; you have to work short term and long term,” Hilde says.  Diversity in leadership has received increasing attention in recent years from stakeholders in the sustainability world. Investors have pushed for diversity on company boards and management teams, and in some parts of the world, that push has extended to laws and regulations. But the number of women in top roles remains low. Recent research from S&P Global found that women represented just 5.4% of CEOs in 2022, slightly up from 5% in 2021. You can read that research here: https://www.spglobal.com/esg/insights/featured/special-editorial/women-ceos-leadership-for-a-diverse-future   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   Photo source: Norsk Hydro  Copyright ©2023 by S&P Global    DISCLAIMER    This piece was published by S&P Global Sustainable1, a part of S&P Global.   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.    S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
3/3/202320 minutes, 47 seconds
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Regulation, supply chains, climate justice, employee burnout: The big challenges facing sustainability professionals

Last week, a few thousand sustainability professionals gathered for the annual GreenBiz conference hosted by GreenBiz Group. In this episode of the ESG Insider podcast, we’re on the ground talking with panelists and attendees about the biggest challenges and opportunities facing the space — from regulation, disclosure requirements and supply chains to environmental justice, employee wellbeing and burnout.   Many attendees expressed frustration and a general sense of being overwhelmed by the pace of change and the challenges facing the sustainability space. In the face of this uncertainty, the message from many panelists was: Whatever the topic, you have to start somewhere.   We hear from Kentaro Kawamori, CEO of climate software firm Persefoni, who urges companies to avoid “analysis paralysis.”  “You’ve just got to get started. And if you’re searching for perfect, you’re never going to find it,” Kentaro says.  We talk to Deloitte’s Kristen Sullivan and Evan Harvey, who led a three-hour, standing-room-only climate disclosure bootcamp at the conference to help companies understand how proposed rules from the U.S. Securities and Exchange Commission could impact them.    “As we were wrapping up, we were trying to get a pulse on the audience in terms of... did this help you feel more prepared, this type of a session?” Kristen says. “The answer was ‘yes — and at the same time, I’m really scared.’”   We also speak to Yinka Bode-George, CEO of environmental justice-focused nonprofit Sustain our Future Foundation.   "People are getting the idea that environmental justice is not just this nice-to-have, it's actually a really central component of winning on the climate crisis and putting forward the most effective solutions," Yinka tells us.  In the episode, we also sit down with Tim Mohin, the former CEO of international standards organization the Global Reporting Initiative, or GRI; Nasdaq Global Head of ESG Solutions Randall Hopkins; UPS Sustainability Director Stakeholder Engagement Elba Pareja-Gallagher; Zack Parisa, CEO of forest carbon marketplace the Natural Capital Exchange, or NCX; and Jared Connors from supply chain sustainability management company Assent.  S&P Global Sustainable1 was a sponsor of the GreenBiz conference.  Listen to our episode on the SEC’s climate disclosure rule here: https://www.spglobal.com/esg/podcasts/unpacking-implications-of-the-sec-s-proposed-climate-disclosure-rule  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo source: Getty Images   Copyright ©2023 by S&P Global   DISCLAIMER   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
2/24/202330 minutes, 51 seconds
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What the future holds for sustainable investing, according to longtime US SIF CEO

After more than 16 years leading the US Forum for Sustainable and Responsible Investment, CEO Lisa Woll is stepping down. In this episode of the ESG Insider podcast, she reflects on how sustainable investing has changed during that time, and where she sees the field going next following US SIF's latest biennial report on sustainable investing.  That report identified $8.4 trillion in total US sustainable investment assets under management at the beginning of 2022. To put that figure in context, $8.4 trillion is 12.6% of total US assets under professional management.  US SIF's mission is to "rapidly shift investment practices toward sustainability, focusing on long-term investment and the generation of positive social and environmental impacts." The forum, which currently has members that collectively represent about $5 trillion in assets under management or advisement, recently released its biennial report on sustainable investing.   Listen to our episode on the US Securities and Exchange Commission's climate disclosure rule here: https://podcasts.apple.com/us/podcast/unpacking-implications-of-the-secs-proposed/id1475521006?i=1000555972416   Listen to our episode on the US Securities and Exchange Commission's fund rules here: https://podcasts.apple.com/us/podcast/unpacking-the-secs-proposed-esg-fund-rules/id1475521006?i=1000568442096   Check out our episode on the US Department of Labor's rule on using ESG funds in 401k funds and pension plans here: https://podcasts.apple.com/us/podcast/the-esg-implications-of-a-proposed-us-labor-department-rule/id1475521006?i=1000489230036   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo source: Getty Images  Copyright ©2023 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
2/17/202328 minutes
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How sustainable taxonomies are going global

Taxonomies: This is a topic that has dominated many conversations in the sustainability world in recent years. In this episode of the ESG Insider podcast, we explore the growing number of taxonomies around the world. In simple terms, a taxonomy is a kind of dictionary of sustainable activities designed to provide clarity on which economic activities are sustainable and to support investment flows into those activities. A recently released report from international conservation organization WWF and German sustainable finance think tank Climate & Company finds dozens of sustainable finance taxonomies have been introduced or are being developed across the globe.   To learn more about the role of taxonomies, we speak to two of the report’s authors: Jochen Krimphoff, who is Data, Tools and Methodology Lead for WWF's Greening Financial Regulation Initiative, and Climate & Co. Analyst Daniel Scharwies. We also talk with Matthew Townsend, Co-Head of the International Environmental, Climate and Regulatory Law Groups at law firm Allen & Overy.   Read the report from WWF and Climate & Co. here: https://wwfin.awsassets.panda.org/downloads/when_finance_talks_nature.pdf     We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).    *Episode description updated Feb. 13, 2023, to correct the title of Climate & Company. Copyright ©2023 by S&P Global   DISCLAIMER   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
2/10/202338 minutes, 19 seconds
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How financial institutions are tackling Scope 3 financed emissions

In the past few years, hundreds of financial institutions have made big announcements about becoming net zero or carbon neutral by 2050.   But S&P Global Sustainable1 data indicates that many of these pledges don’t address Scope 3 financed emissions, which come from the investments financial institutions make or the loans they finance. These account for the bulk of the industry’s emissions.   In this episode of the ESG Insider podcast, we’re digging into the steps financial institutions are taking to reduce emissions across their value chain. We speak to Laurent Babikian from environmental nonprofit CDP. We hear from Samu Slotte, the Global Head of Sustainable Finance at big Danish lender Danske Bank. And we talk with Antoni Ballabriga, the Global Head of Responsible Business at Spanish bank BBVA.   Read research from S&P Global Sustainable1 on how financial institutions are addressing financed emissions here: https://www.spglobal.com/esg/insights/financed-emissions-are-missing-from-many-firms-net-zero-plans   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Copyright ©2023 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
2/3/202335 minutes, 6 seconds
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How discussions of stakeholder capitalism have evolved at Davos

The annual Davos summit just ended, and one of the topics of discussion at this World Economic Forum event was stakeholder capitalism. In simple terms, stakeholder capitalism is the idea that companies are responsible to a wide range of stakeholders, including their customers, employees, suppliers and communities, as well as their shareholders. A few years ago, this was a big topic at Davos as the World Economic Forum helped develop a set of “Stakeholder Capitalism Metrics” to offer companies universal, comparable disclosures focused on people, planet, prosperity and governance.  In this episode of the ESG Insider podcast, we look at how discussions of stakeholder capitalism are evolving.   "It's not going away — if anything, our community of companies committed to this is growing," says Emily Bayley, the World Economic Forum's project lead for ESG. "We're starting to see companies not just talking and making commitments, but actually putting steps forward into action."  In the episode we also speak to Suz Mac Cormac, a partner at law firm Morrison Foerster, where she co-chairs the ESG, Social Enterprise + Impact Investing and Energy practices. “Stakeholder capitalism is here to stay,” Suz tells us.   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   Copyright ©2023 by S&P Global   DISCLAIMER    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
1/27/202323 minutes, 43 seconds
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How the price tag on US climate-related disasters hit $165 billion in 2022

In 2022, the world experienced major climate-related disasters ranging from flooding and hurricanes to drought and extreme heatwaves. Moreover, 2022 was the sixth-warmest year on record, according to scientists at the U.S. National Oceanic and Atmospheric Administration, or NOAA.  NOAA just issued its annual report on climate trends in the U.S. for 2022, which includes a review of the major climate-driven weather events that each cost at least $1 billion. NOAA reported 18 separate billion-dollar weather events that collectively cost more than $165 billion — the third-highest tally since 1980 — and resulted in hundreds of deaths.   To learn more about NOAA's findings and the high price of climate-related disasters, in this episode of the ESG Insider podcast we talk with scientists from NOAA's National Centers for Environmental Information, or NCEI. They are Karin Gleason, NCEI's chief of climate monitoring, and Adam Smith, an applied climatologist at NCEI.  "Much of the world operates on a 20th-century infrastructure and economy, but now we're living in a 21st-century climate. And so the inefficiencies of those two realities are becoming more clear as we move into the future," Adam tells us.  "We have our work cut out for us to better mitigate against future damages that we know will continue," he says.  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).    Photo source: Getty Images    Copyright ©2023 by S&P Global    DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
1/20/202321 minutes, 52 seconds
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How asset managers are moving to end commodity-driven deforestation

In late December 2022, nearly 200 countries at the U.N. biodiversity conference known as COP15 reached a landmark agreement for protecting and restoring nature by 2030. Deforestation was a big topic of conversation at COP15 given the importance of forests for both biodiversity and climate change.   In this episode of ESG Insider, we look at how some asset managers are addressing one of the largest drivers of forest loss, commodity-driven deforestation, which includes the clearing of forests for farming and mining.   We speak with Jan Erik Saugestad, who is the CEO of Storebrand Asset Management, Norway's largest private asset manager. And we talk with Lauren Compere, Managing Director and Head of Stewardship and Engagement at Boston Common Asset Management.   To learn more about COP15, listen to our episode here: https://www.spglobal.com/esg/podcasts/on-the-ground-at-cop15-how-business-is-getting-to-grips-with-biodiversity   Read S&P Global Sustainable1's research, "Biodiversity is still a blind spot for most companies around the world," here: https://www.spglobal.com/esg/insights/biodiversity-is-still-a-blind-spot-for-most-companies-around-the-world  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).    Photo source: Getty Images    Copyright ©2023 by S&P Global    DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
1/13/202327 minutes, 5 seconds
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Setting the stage for sustainability in 2023

In this episode of ESG Insider, we’re looking ahead to sustainability themes that will drive 2023 by revisiting our most popular episodes and some of our favorite interviews from the past year.    We’ll hear from one of the world’s largest banks; the Chair of the Network for Greening the Financial System, or NGFS; the Co-Chair of the Taskforce on Nature-related Financial Disclosures, or TNFD; some of the scientists behind reports by the UN's Intergovernmental Panel on Climate Change, or IPPC; and more. To listen to full versions of the interviews highlighted in this episode, see the following links:  Listen to our April 2022 episode with Karen Fang, Global Head of Sustainable Finance at Bank of America, here: https://www.spglobal.com/esg/podcasts/why-bank-of-america-says-scope-3-emissions-biggest-challenge-for-banks   Hear our March 2022 episode with Victoria Gaytan, Vice President at BlackRock Investment Stewardship, here: https://www.spglobal.com/esg/podcasts/behind-the-scenes-with-blackrock-how-the-world-s-largest-asset-manager-is-engaging-with-companies   Listen to our February 2022 episode featuring Katie Schmitz Eulitt, in her role as Director of Investor Relationships at the Value Reporting Foundation, which subsequently consolidated with the IFRS, here: https://www.spglobal.com/esg/podcasts/how-to-keep-pace-with-the-fast-changing-landscape-for-esg-regulation-standards   Check out our April 2022 episode featuring IPCC report contributing author John Bistline: https://www.spglobal.com/esg/podcasts/path-to-net-zero-for-energy-systems-complicated-but-feasible-ipcc-finds   You can hear our March 2022 episode featuring Dr. Edward Carr, who was a lead author of the IPCC report on climate resilient development pathways, here: https://www.spglobal.com/esg/podcasts/ipcc-climate-report-warns-transformational-change-is-no-longer-optional   Listen to our December 2022 episode featuring Investor Leadership Network CEO Amy Hepburn at our first-ever ESG Insider Live event here: https://www.spglobal.com/esg/podcasts/live-the-year-the-human-component-of-nature-and-climate-comes-to-the-fore   Listen to our full August 2022 episode featuring NGFS Chair Ravi Menon here: https://www.spglobal.com/esg/podcasts/how-central-banks-help-combat-climate-change-an-interview-with-ngfs-chair-ravi-menon   You can hear our December 2022 episode featuring COP15 Executive Secretary and TNFD Co-Chair Elizabeth Mrema here: https://www.spglobal.com/esg/podcasts/cop15-preview-what-will-make-un-s-big-biodiversity-conference-a-success   Hear the full November 2022 episode featuring Capitals Coalition CEO Mark Gough here: https://www.spglobal.com/esg/podcasts/at-cop27-how-to-make-progress-in-the-face-of-uncertainty   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   Photo source: Getty Images   Copyright ©2023 by S&P Global   DISCLAIMER    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.   
1/6/202320 minutes, 2 seconds
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On the ground at COP15: How business is getting to grips with biodiversity

The U.N. biodiversity conference known as COP15 ended earlier this week with a landmark agreement for nature, the Global Biodiversity Framework.    In this episode of ESG Insider, we unpack the big takeaways from the conference through several on-the-ground interviews in Montreal. We speak to Laurence Pessez, Global Head of Corporate Social Responsibility at the big French bank BNP Paribas. We sit down with Simon Zadek, Executive Director of NatureFinance, a nonprofit focused on advancing the place of nature in decision-making across financial and capital markets. We talk to Linda Krueger, Director of Biodiversity and Infrastructure Policy at The Nature Conservancy, a global environmental nonprofit. And we hear from Tim Christophersen, Vice President for Climate Action at global technology company Salesforce.   The business community has arrived at "the social tipping point of understanding that we cannot continue to just extract natural capital from Planet Earth without giving back," Tim tells us. And that realization is occurring "not only in the sustainability teams of companies, but in boardrooms with CEOs, with chief finance officers," Tim says. "We've never seen so much business interest in this topic." We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
12/22/202231 minutes, 4 seconds
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What recycling minerals could mean for biodiversity, energy transition goals

Mining exploration around the world is picking up as companies seek new deposits of elements like lithium and copper to support the energy transition. Research by S&P Global Sustainable1 finds there is overlap between existing mines and exploration sites and some of the world’s most important areas for biodiversity.   In this episode of the ESG Insider podcast, we explore what the mining industry is doing to reduce its impact on nature and local communities — including by recycling minerals.  To understand the industry perspective on this topic, we talk with Rohitesh Dhawan, President and CEO of the International Council on Mining and Metals. ICMM is an industry group that aims to enhance the contribution of mining and metals to sustainable development. It works with 26 of the largest mining companies in the world that collectively represent about a third of the global metals and mining industry.    To understand what kind of investments are being made in recycling critical minerals, we speak to Brian Menell, Chairman and CEO of private mining investment and operating company TechMet. Brian founded TechMet in 2017 to invest in metals needed for clean energy technologies as well as battery recycling.   And to learn more about the circular economy, we talk with Raquel Dominguez, who is the Circular Economy Policy Advocate at Earthworks. That's an environmental group that aims to protect communities and the environment from the adverse impacts of mineral and energy development while also promoting sustainable solutions such as critical minerals recycling.    Read S&P Global Sustainable1's report titled "Rocks and hard places: The complicated nexus of energy transition minerals and biodiversity" here: https://www.spglobal.com/esg/insights/featured/special-editorial/rocks-and-hard-places-the-complicated-nexus-of-energy-transition-minerals-and-biodiversity     Listen to our preview of what to expect at COP15, the big UN biodiversity conference taking place in Montreal, Canada, in December, here: https://www.spglobal.com/esg/podcasts/cop15-preview-what-will-make-un-s-big-biodiversity-conference-a-success  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).    Photo source: Getty Images    Copyright © 2022 by S&P Global    DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
12/16/202242 minutes, 33 seconds
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LIVE: The year the human component of nature and climate comes to the fore

We just hosted our inaugural ESG Insider Live podcast event, bringing our show on the road to host interviews in front of an audience. In today’s episode, we bring you the highlights of those interviews on the topics of climate, nature and the evolving ESG landscape.   We talk to Amy Hepburn, CEO of the Investor Leadership Network, a coalition of institutional investors representing more than $10 trillion in assets under management. She says that to advance climate goals, stakeholders need to address the “deficit of trust.”  "That is a real blocker for progress," Amy tells us. "Sitting around the table with different voices and really trusting each other to be creative and to collaborate and be cooperative."   We hear from Evan Harvey, who after two decades at Nasdaq, has joined Deloitte as Managing Director of Sustainability and ESG Services. Evan explains how his clients are facing data challenges, framework fatigue, and a lack of resources due to recent events such as the energy crisis and inflation. "That tends to get in the way of some of the enthusiasm for ESG and sustainability investment," he says.   And we sit down with Marina Severinovsky, Head of Sustainability North America at Schroders, an asset management firm with more than $939 billion in assets under management. Marina talks about the role that respect and empathy will play in the year ahead, as climate justice and the just transition become "front and center" and as stakeholders work to communicate across silos.   "This is the year that the human component of climate, for example, or nature, comes to the fore," she says.  Access COP15 insights from S&P Global Sustainable1 here. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo source: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
12/9/202236 minutes, 44 seconds
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COP15 preview: What will make UN’s big biodiversity conference a success

The second part of the U.N.'s Convention on Biological Diversity, known as COP15, kicks off in Montreal on Dec. 7. In this episode of the ESG Insider podcast, we tell you what to expect.   We speak to Elizabeth Mrema, COP15 Executive Secretary and Co-Chair of the Taskforce on Nature-related Financial Disclosures, or TNFD. She talks to us about themes that will be covered during COP15 and what will make the conference a success.   "We need to see the world and the parties to the convention really understand that business as usual is no longer an option," Elizabeth says. "Action requires resources. And so therefore, appropriate mobilization of resources — both technical and financial — must be agreed on."  To learn about how financial institutions are increasingly engaging with the topics of nature and biodiversity, we speak with Lazaro Tiant, investment director on the sustainable investment team at U.K.-based asset manager Schroders. Lazaro talks to us about the role the private sector will play at COP15.   And to connect the dots between nature and climate, we return to our interview with Virginia Dundas, Head of Strategic Environment Programmes at Ørsted, Denmark’s largest energy company. She talks about some of the creative solutions and new technologies being deployed to address nature loss and the biodiversity crisis.   Listen to our full interview with Virginia here: https://www.spglobal.com/esg/podcasts/how-walmart-and-danish-energy-company-orsted-are-tackling-supply-chain-emissions   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Copyright © 2022 by S&P Global  DISCLAIMER   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
12/2/202223 minutes, 21 seconds
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How Walmart and Danish energy company Ørsted are tackling supply chain emissions

What do Walmart, one of the world's largest retailers, and big multinational power company Ørsted have in common? They're both taking steps to decarbonize their supply chains that could ultimately result in wide-ranging changes across sectors.  In this episode of the ESG Insider podcast, we're continuing with the theme we covered last week of decarbonizing supply chains. We speak with Walmart’s Executive Vice President and Chief Sustainability Officer, Kathleen McLaughlin. She tells us that the company is engaging across all its supply chains to create systemic changes to production and consumption.   "Our ultimate goal is to make the everyday product that anybody might buy the sustainable choice. We're trying to make sustainability mainstream," Kathleen says.   We also speak to Virginia Dundas, Head of Strategic Environment Programmes at Ørsted. She explains how Denmark’s largest energy company is teaming up with buyers in other sectors to drive supply chain decarbonization. She says collaboration is a key pillar of the company’s net zero plan.   "It's not one company's problem," Virginia says. "Everyone has to chip in and play their part."   Listen to last week's episode on decarbonizing supply chains here: https://www.spglobal.com/esg/podcasts/why-collaboration-is-critical-to-cutting-supply-chain-emissions  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   Photo source: Getty Images  Copyright © 2022 by S&P Global   DISCLAIMER   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
11/18/202240 minutes, 16 seconds
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Why collaboration is critical to cutting supply chain emissions

The UN climate conference known as COP27 is underway, and today (Nov. 11) is Decarbonization Day. In this episode of the ESG Insider podcast, we explore how companies are setting decarbonization targets in their operations and across their supply chains.     To understand how companies are engaging with suppliers, we talk with Simon Fischweicher, who is Head of Corporations and Supply Chains for CDP North America. CDP is a nonprofit environmental disclosure platform that has a program aimed at helping companies gather concrete details from suppliers about their emissions and other climate-related activities.  Simon tells us that companies are increasingly collaborating on their approach to suppliers. "When you have a single customer voice asking for better climate disclosure or more investment in renewable energy or setting emission reduction targets for a specific supplier, that voice might not be loud enough to drive change," he says. But when the entire sector is pushing for better practices, "that supplier may listen." Listen to our episode about what to expect from COP27 here: https://www.spglobal.com/esg/podcasts/at-cop27-how-to-make-progress-in-the-face-of-uncertainty   Listen to our episode about a proposed U.S. climate disclosure rule here: https://www.spglobal.com/esg/podcasts/unpacking-the-sec-s-proposed-esg-fund-rules   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   Copyright © 2022 by S&P Global   DISCLAIMER   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
11/11/202226 minutes, 21 seconds
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At COP27, how to make progress in the face of uncertainty

The UN climate conference known as COP27 kicks off in just a few days. In this episode of the ESG Insider podcast we tell you what to expect.    We talk to Jenny Davis-Peccoud, a Partner at management consulting firm Bain & Co., about the role of the private sector at COP.    Taryn Fransen, Senior Fellow in the Global Climate Program at the World Resources Institute, talks to us about where countries stand on climate pledges known as Nationally Determined Contributions, or NDCs.  And we speak with Capitals Coalition CEO Mark Gough about how the private and public sectors are working together toward goals related to climate change as well as nature and biodiversity.  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
11/4/202234 minutes, 50 seconds
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Climate modeling in focus as we count down to COP27

The U.N. climate conference known as COP27 kicks off next week. Adaptation to a changing climate will be an important part of the talks.   In this episode of the ESG Insider podcast, we look at how companies and investors are using climate modeling to measure and manage the future financial impacts of climate hazards such as wildfires, drought and flooding. According to a new S&P Global Sustainable1 dataset, 92% of S&P Global 1200 companies will have at least one asset highly exposed to physical hazards by the 2050s under a business-as-usual high-emissions scenario.  We speak to David Carlin from U.N. Environment Programme’s Financial Initiative, where he leads the Task Force on Climate-Related Financial Disclosures (TCFD) program for banks and investors.  We also talk with our colleague Steven Bullock, Global Head of ESG Innovation and Solutions at S&P Global Sustainable1, who says the increasing demand for climate data created with the help of climate models reflects the growing recognition that ESG is a driver of corporate business value and financial risk.  And we hear from Alban Pyanet, partner at consultancy Oliver Wyman, about how climate modeling helps financial institutions manage climate risk.   Listen to our previous episodes discussing how central banks are using climate stress testing here: https://www.spglobal.com/esg/podcasts/how-central-banks-help-combat-climate-change-an-interview-with-ngfs-chair-ravi-menon     We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
10/28/202223 minutes, 32 seconds
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How new EU law aims to improve gender diversity on corporate boards

On Oct. 17, the Council of the EU approved a law to improve gender balance on corporate boards. The development comes 10 years after the European Commission first proposed the rules, and occurs at a time when many companies face pressure to increase diversity on their boards and management teams. In this episode of the ESG Insider podcast, we look at what the new law means for companies, investors and women.   "If we want to be sure that women have equal rights, but also if we want to ensure that companies have the best potential leads in their executive committee and their boards, you really need to tap into all talent," Hedwige Nuyens, Chair of European Women on Boards, a lobby group, tells us.   In the episode we also talk to Miriam Marra, Associate Professor of Finance at Henley Business School in the U.K., who explains the role of gender quotas in improving gender balance on corporate boards. And we speak to Martin Winner, Professor for Business Law at the Vienna University of Economics and Business, who tells us how the new law could encourage EU countries lagging on board diversity to take action.  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
10/21/202224 minutes, 17 seconds
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How investment firms are integrating climate risks in their portfolios

As extreme weather events such as Hurricane Ian intensify, the urgency of combatting climate change is increasing. The investment community is taking steps to make investment products low-carbon and reduce risk across portfolios. But what does that look like in practice?   In this episode of the ESG Insider podcast, we speak to two London-based investment managers on the sidelines of an S&P Global Sustainable1 event in London about what investors are doing to understand and manage climate risk in their investment portfolios.   We hear from Gustave Loriot-Boserup, Responsible Investment Manager at London LGPS CIV, which manages the assets of London’s Local Government Pension Scheme.   "We view ESG and climate risk as a systemic risk. So regardless of the investment product that we launched on our platform, we will expect all of our investment managers to have developed an appropriate set of resources to identify, to measure and to integrate ESG issues into their investment decision-making processes," Gustave says.   We also speak to Cathrine de Coninck-Lopez, Global Head of ESG at Invesco. She tells us that adaptation financing could be a major theme at the upcoming United Nations climate conference, COP27.   "There isn't a framework for how you define adaptation. Issuers don't really understand it. And that the financing right now is not there for it is obviously a huge problem in a context where the world is changing today," Cathrine says.   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   Copyright © 2022 by S&P Global   DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
10/14/202222 minutes, 54 seconds
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On the ground at Climate Week NYC: The delicate balancing act of addressing climate change

In this episode of the ESG Insider podcast, we bring you Part 2 of our on-the-ground coverage from Climate Week NYC. Throughout the week, we heard experts talk about the delicate balancing act required to achieve net zero and energy transition goals while also accounting for the impacts on nature and society.    We talk to the CEO of nonprofit Just Capital, Martin Whittaker, who explains why environmental and social issues cannot be considered in isolation. We hear from Dr. Jane Carter Ingram, Executive Director of the climate change investment and advisory firm Pollination Group. And we talk to Matt Ellis, CEO of Measurabl, a company that tracks the physical and transition risks of climate change for the commercial real estate sector. (S&P Global has invested in the company.)   Listen to Part 1 of our Climate Week NYC coverage here: https://www.spglobal.com/esg/podcasts/on-the-ground-at-climate-week-nyc-moving-from-goals-to-action   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
10/7/202223 minutes, 41 seconds
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On the ground at Climate Week NYC: Moving from goals to action

Climate Week wrapped up last week in New York City, and throughout the week, we heard about the systemic changes needed to combat climate change. In this episode of the ESG Insider podcast, we’re bringing you key takeaways, highlights and interviews from our time on the ground.   We hear from Global Head of Sustainable Investing at Natixis Investment Managers, Nathalie Wallace, about the role the investment community plays in combating climate change. Ivan Frishberg, Chief Sustainability Officer at New York-based Amalgamated Bank, talks to us about the growing sense of urgency around climate and the challenges of the current ESG landscape.  And we interview Amy Hepburn, CEO of the Investor Leadership Network, which represents institutional investors with more than $10 trillion dollars in assets under management. She talks about the ‘3 Cs’ needed to find solutions to climate change: collaboration, cooperation and creativity.   "For a long time in this space, we have all operated in silos and echo chambers talking to like-minded actors: Investors talking to investors, [multilateral development banks] talking to MDBs, governments talking to governments," Amy says. "This issue is not going to be solved by any one of those sets of actors — it’s only going to be solved in concert."  You can read more of our key takeaways from Climate Week NYC here: https://www.spglobal.com/esg/insights/blog/5-questions-on-the-road-from-climate-week-to-cop27  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
9/30/202222 minutes, 7 seconds
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As COP27 approaches, central banks signaling need for action on climate

Climate Week NYC is ending, and the United Nations Climate Conference known as COP27 is fast approaching. As the urgency to address climate change intensifies, financial regulators and supervisors are taking an increasing interest in climate change and the impact it is having on the financial system and the economy at large.   To get a better understanding of this landscape, we’re looking at some of the recent actions central banks have taken on climate in this episode of the ESG Insider podcast.  We speak to Irene Monasterolo, Professor of Climate Finance at French business school EDHEC, who tells us discussions at COP27 need to focus on adaptation both for developing and developed nations. We also hear from Stanislas Jourdan, Executive Director of the Brussels-based NGO Positive Money Europe, where he leads advocacy campaigns and research on the European Central Bank and monetary policy. And we speak to Danae Kyriakopoulou, Senior Policy Fellow at the London School of Economics’ Grantham Research Institute on Climate Change and the Environment.    "Climate change and its impact is generally very worrying, and we are seeing this the more data we gather, how urgent the need for action is and how unprepared we are if we do not step up action in time," Danae tells us. "That is certainly true also of the financial system and the banking system. It is relatively recent that we have seen the financial sector engage seriously with this." Listen to our previous episode featuring an interview with Ravi Menon, Chair of the Network for Greening the Financial System, or NGFS, here: https://www.spglobal.com/esg/podcasts/how-central-banks-help-combat-climate-change-an-interview-with-ngfs-chair-ravi-menon     We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   Photo credit: Getty Images   DISCLAIMER   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.    S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.  
9/28/202229 minutes, 30 seconds
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How green banks aim to use new federal funds to accelerate low-carbon transition

In this episode of the ESG Insider podcast, we delve into a measure in the recently passed U.S. Inflation Reduction Act, or IRA, that allocates $27 billion toward green banks and other local investments via the U.S. Environmental Protection Agency's Greenhouse Gas Reduction Fund.    In an interview with Connecticut Green Bank President and CEO Bryan Garcia, we explore how green banks could use this new influx of federal funds to accelerate the low-carbon transition. The Connecticut Green Bank was the nation's first green bank and was formed in 2011.   We also talk with Reed Hundt, the CEO of the Coalition for Green Capital, a nonprofit with the goal of accelerating investment in clean energy technologies, which has helped organize a number of green banks.    To hear more about the implications of the Inflation Reduction Act, check out our recent episode on the topic here: https://www.spglobal.com/esg/podcasts/what-landmark-new-us-climate-law-means-for-emissions   And to learn more about green banks, check out this podcast episode of ESG Insider:  https://podcasts.apple.com/us/podcast/how-green-banks-can-accelerate-climate-finance/id1475521006?i=1000534974896   Register for the event S&P Global Sustainable1 is hosting during Climate Week here: https://events.spglobal.com/event/bc170867-ebf3-423d-a828-2c379780a571/summary?RefId=social&rt=suGjbadFj0uCGwHKysKQtQ   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
9/16/202223 minutes, 12 seconds
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Climate Week countdown: How the climate landscape is evolving

In this episode of the ESG Insider podcast from S&P Global Sustainable1, we preview what to expect during Climate Week NYC, which begins Sept. 19. Climate Week has run annually since 2009, convening leaders from business, government and the climate community through hundreds of events held across New York City. The goal is to drive climate action, and this year the tagline is “Getting it Done.”   To learn more about what to expect from the week, we turn to Dr. Terry Thompson. Terry is Chief Science Officer at The Climate Service, an S&P Global company. In the interview, he explains in plain English how climate science is evolving. He also talks about the “sea change” in public perception of climate risks.  “This is not a future event when we talk about climate change. It is essentially a current emergency,” Terry says. “We're reaching the cusp of very much more strenuous and concentrated efforts to address climate change.”  Register for the event S&P Global Sustainable1 is hosting during Climate Week here: https://events.spglobal.com/event/bc170867-ebf3-423d-a828-2c379780a571/summary?RefId=social&rt=suGjbadFj0uCGwHKysKQtQ   To learn more about physical risk, register for an upcoming webinar hosted by S&P Global Sustainable1 here: https://spgi-mkto.spglobal.com/S1-TCS-WLG-220915-PC-GL-CT-ESG-TCS-HarmonizedFeed_Webinar-Registration.html?UTM_source=podcast  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
9/9/202232 minutes, 29 seconds
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How the hunt for ESG talent is evolving

Sustainability and ESG have evolved significantly in recent years — and alongside this change, recruiting in the space has also changed.  In this Labor Day weekend episode of the ESG Insider podcast, we go behind the scenes of ESG recruiting in an interview with Kurt Harrison, a Partner with the global executive search firm Russell Reynolds Associates where he is Co-Head of the Global Sustainability Practice.  Kurt says the demand for ESG talent is “insatiable.” He gives us insight into the kinds of questions he gets from job candidates, and also the kinds of things companies are looking for in their sustainability hires.  To listen to our interview with Ravi Menon, the Chair of the Network for Greening the Financial System, or NGFS, click here: https://www.spglobal.com/esg/podcasts/how-central-banks-help-combat-climate-change-an-interview-with-ngfs-chair-ravi-menon   To listen to the episode where we discuss the evolving role of the Chief Sustainability Officer, click here: https://www.spglobal.com/esg/podcasts/how-chief-sustainability-officers-are-becoming-a-must-have-for-companies    To register for the event S&P Global Sustainable1 is hosting during Climate Week, click here: https://events.spglobal.com/EWG92g?rt=suGjbadFj0uCGwHKysKQtQ&RefId=social   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
9/2/202229 minutes, 1 second
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What landmark new US climate law means for emissions

On Aug. 16th, 2022, U.S. President Joe Biden signed into law the Inflation Reduction Act, or IRA. The IRA is a comprehensive energy and climate law that allocates nearly $370 billion in federal spending to decarbonization efforts over the next decade.  In this episode of ESG Insider, we take a deep dive into those measures and explore the implications for the goal President Biden set to cut U.S. emissions by at least 50% by 2030 relative to 2005 levels.   We talk with Robbie Orvis, Senior Director for Modeling and Analysis at Energy Innovation, a non-partisan energy and climate policy think tank based in Washington, D.C. "There is a pretty clear path now to" achieving Biden's emissions reduction goals, he tells us. At the same time, says Robbie, "there are lots of things that have to go right to hit those types of targets and numbers," including building out U.S. electric transmission capacity to accommodate future renewable generation, and tackling workforce and supply chain challenges.  Listen to our episode on the low-carbon strategies of U.S. automaker General Motors here: https://www.spglobal.com/esg/podcasts/how-automaker-gm-is-tackling-climate-change-social-equity-and-supply-chain-risk   To hear more about the implications of the Inflation Reduction Act, listen to a recent episode of the Energy Evolution podcast from our colleagues at S&P Global Market Intelligence here: https://podcasts.apple.com/us/podcast/how-will-us-democrats-new-deal-on-climate-affect-the/id1485337462?i=1000575106791  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   Photo credit: Getty Images  Copyright © 2022 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
8/26/202227 minutes, 12 seconds
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How Chief Sustainability Officers are becoming a 'must-have' for companies

In this episode of the ESG Insider podcast, we explore the evolving role of the Chief Sustainability Offer, which is taking on greater importance in many organizations as awareness of environmental, social and governance issues grows.   In many companies, the CSO is now working in tandem with Chief Executives and Chief Financial Officers. Often CSOs act as the "glue" embedding sustainability throughout company strategy and across different departments, Francesca Messini tells us in the episode. Francesca is a sustainability leader at audit, consulting and advisory firm Deloitte and an author behind a new report about the rise of CSOs in the European banking industry. The report was jointly published in June 2022 by Deloitte and the European Banking Federation, a trade group.  "The Chief Sustainability Officer is not anymore a 'nice-to-have' role, but is a 'must have,' and has been proved to be essential to steer the sustainability strategy and the commitments that the banks are taking," Francesca says.   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
8/19/202220 minutes, 2 seconds
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How central banks help combat climate change: An interview with NGFS Chair Ravi Menon

In the last few years, central banks have played an increasing role in measuring the impacts of climate change on financial systems and economies. In 2017, a handful of central banks established the Network for Greening the Financial System, or NGFS. The network now has more than 100 members from around the globe working to manage and measure the risks climate change poses to financial stability.    In this episode of the ESG Insider podcast, we speak with NGFS Chair Ravi Menon, who is also managing director of the Monetary Authority of Singapore, the central bank of Singapore. He talks about the work of the NGFS, the challenges of addressing physical risk and transition risk, and the role of central banks in combating climate change.   “The challenge of climate change is so pervasive, you really need a whole-of-nation, whole-of-society response," he says. "Central banks, being a major part of that ecosystem, have an important role to play. But it is not a primary role. It can't be the key needle mover. It needs to work together with the rest of the government, the financial industry and other stakeholders in this effort." Listen to our episode about the climate stress test France’s central bank conducted here: https://podcasts.apple.com/ie/podcast/heres-how-you-stress-test-for-climate-risk-according/id1475521006?i=1000525188660    We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
8/12/202223 minutes, 31 seconds
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What Harry Potter and sustainability rules have in common

Regulation is transforming the world of environmental, social and governance investing, and in many areas, Europe has been leading the charge on new rules and standards. In June 2022, the European Parliament and the Council of the EU reached a provisional agreement on new sustainability reporting rules for companies, known as the Corporate Sustainability Reporting Directive, or CSRD.  In this episode of the ESG Insider podcast we speak to Adrie Heinsbroek, Chief Sustainability Officer at Netherlands-based asset manager NN Investment Partners, to get the investor view on how the changes could impact ESG-focused fund managers — and how the sorting hat from Harry Potter helps explain the trajectory of ESG regulation.  Listen to our previous episode about CSRD here: https://podcasts.apple.com/us/podcast/csrd-eus-latest-proposed-addition-to-alphabet-soup/id1475521006?i=1000529859763   Read our monthly ESG Regulatory Tracker here: https://www.spglobal.com/esg/insights/esg-regulatory-tracker-june-2022  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
8/5/202221 minutes, 44 seconds
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How nature disclosure is evolving through challenges

The rapid decline of the world's biodiversity poses big financial risks to businesses and the global economy. One of the organizations working to help companies assess, report and act on these risks is the Taskforce on Nature-related Financial Disclosures, or TNFD.    The TNFD has been busy since forming in 2021 — releasing beta disclosure frameworks and launching pilot projects to test out these frameworks. In this episode of the ESG Insider podcast, we speak with one of the experts deeply involved in crafting the frameworks, Emily McKenzie, who is Technical Director of the TNFD Secretariat.    "We're trying to create a framework that's global, aligned with the global sustainability reporting baseline, but also flexible to be applicable in jurisdictions that may be more ambitious than that," Emily tells us.   Listen to our episode featuring an interview with TNFD co-chair Elizabeth Mrema here: https://soundcloud.com/esginsider/the-new-task-force-in-town   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
7/29/202227 minutes, 21 seconds
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How one large insurer is tackling climate transition risk

In this episode of ESG Insider we're talking with one of the largest U.S. property and casualty insurers, Liberty Mutual Insurance, about how the company is integrating climate change risk into its investment decisions and underwriting practices.   We interview Rakhi Kumar, Senior Vice President for Sustainability Solutions and Business Integration at Liberty Mutual Insurance, about a recent climate transition scenario analysis by the insurer.  "As much as we may want to go faster, we have to recognize that there are realities that need to happen," says Rakhi.   The analysis found that the lack of a coordinated global policy approach among countries presents the most immediate and greatest source of climate transition risk to companies.  Listen to the ESG Insider episode from the S&P Global Sustainable1 Summit in New York here: https://www.spglobal.com/esg/podcasts/on-the-ground-in-nyc-how-climate-change-is-forcing-a-new-type-of-financial-literacy     Listen to the episode where we talk with MunichRe about the insurer's approach to natural disasters here: https://soundcloud.com/esginsider/how-one-of-the-worlds-1  Listen to our episode featuring Manulife's Global Chief Sustainability Officer here: https://www.spglobal.com/esg/podcasts/why-esg-experts-say-don-t-let-perfect-be-the-enemy-of-good  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
7/22/202224 minutes, 38 seconds
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The man behind many of those ESG acronyms

“If there’s an acronym in the disclosure space, I usually was involved,” quipped Curtis Ravenel at the recent GreenFin conference in New York.  Curtis is Senior Advisor for the Glasgow Financial Alliance for Net Zero, or GFANZ, and Member of the Secretariat for the FSB Task Force on Climate-related Financial Disclosures, or TCFD. In an interview for this episode of the ESG Insider podcast following the conference, Curtis discusses the convergence happening among the alphabet soup of sustainability standard setters; the net zero transition; and the path forward during a time of tension in the ESG world.   To hear our previous interview with Curtis: https://www.spglobal.com/esg/podcasts/esg-experts-are-watching-these-sustainability-trends-in-2022   To read more about GFANZ guidance on credible net zero transition plans: https://www.gfanzero.com/  S&P Global Sustainable1 was a sponsor of GreenFin.  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 
7/15/202231 minutes, 43 seconds
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Why ESG experts say: Don’t let perfect be the enemy of good

In this episode of the ESG Insider podcast we bring you highlights from the GreenFin conference, which convened stakeholders from across the green finance ecosystem. The evolution of ESG data was a big topic at the event and in our interviews with attendees. We talk with Manulife Global Chief Sustainability Officer Sarah Chapman; Nasdaq Global Head of Sustainability Evan Harvey; and Joel Makower, who is chairman and co-founder of GreenBiz Group, the media and events company that hosted the event. S&P Global Sustainable1 was a sponsor of GreenFin. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images DISCLAIMER By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
7/8/202234 minutes, 18 seconds
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Unpacking the SEC's proposed ESG fund rules

Amid rapid growth in ESG investment, regulators around the world are developing sustainability-focused rules. In this episode of the ESG Insider podcast, we explore new rules proposed by the U.S. Securities and Exchange Commission that involve sustainable or ESG-labeled funds. To get a better understanding, we talk with Aniket Shah, managing director and global head of environmental, social and governance and sustainability research at Jefferies Group. We also speak with George Raine, a partner in the asset management group at the law firm Ropes & Gray, and Lance Dial, a partner in the ESG & Sustainability group at law firm Morgan Lewis. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Listen to our episode on the EU's Sustainable Finance Disclosure regulation here: https://soundcloud.com/esginsider/new-eu-sustainable-finance  Read our monthly Regulatory Tracker here: https://www.spglobal.com/esg/insights/esg-regulatory-tracker-may-2022 Photo credit: S&P Global Sustainable1
7/1/202233 minutes, 54 seconds
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What a new EU energy plan means for renewables investment 

The European Commission in May proposed its ‘REPowerEU’ plan to wean the EU off supplies of Russian fossil fuels and accelerate its transition to a low-carbon economy. In this episode of the ESG Insider podcast, we talk with experts about the plan and what it means for investment in renewables. We speak with Elisabetta Cornago, senior research fellow at think tank the Centre for European Reform. We talk to Hans Stegeman, chief investment strategist at asset manager Triodos Investment Management. And we hear from Dries Acke, policy director of SolarPower Europe, which represents the solar power industry. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
6/24/202227 minutes, 53 seconds
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How ESG is becoming 'table stakes' for private equity

In recent years, we’ve seen an explosion of interest in ESG investing, and private equity firms are part of that growing trend.    In this episode of ESG Insider, we sit down with Lisa Hall, Impact Chair at Apollo Global Management. Apollo is one of the largest investing firms in the U.S. and pursues a number of strategies ranging from investment grade debt to private equity. Lisa talks about how ESG is becoming "table stakes" across industries and investment strategies.    She also explains how Apollo's new private equity impact investing strategy aims to fill ESG financing gaps in education, health, safety, wellness and economic opportunity.    "We very clearly are providing services and products that certain markets have not traditionally had access to," Lisa says. "That additionality and focus on underserved markets is something that we haven't explicitly or intentionally done in the traditional flagship funds that we are doing with a great deal of intention in the impact strategy." We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   To listen to our episode from the S&P Global Sustainable1 Summit in New York: https://www.spglobal.com/esg/podcasts/on-the-ground-in-nyc-how-climate-change-is-forcing-a-new-type-of-financial-literacy    Photo credit: Getty Images
6/17/202227 minutes, 48 seconds
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How automaker GM is tackling climate change, social equity and supply chain risks

When it comes to tackling climate change, scientists say making transformative changes to the transportation sector will be key. For example, curbing vehicle transportation emissions will require a rapid scaling up of electric vehicle charging infrastructure as well as EV manufacturing. At the same time, companies are grappling with how to ensure the low-carbon transition balances climate goals with social ones.  In this episode of ESG Insider, we talk with Hina Baloch, Executive Director for Data Analytics, Sustainability and Diversity, Equity and Inclusion and STEM Education Communications at General Motors, one of largest auto manufacturers in the U.S. GM has made several low-carbon pledges and is working on ensuring an equitable and just transition as it pursues those goals. The company is also moving to shore up access to new domestic resources for critical minerals after the COVID-19 pandemic and the Russia-Ukraine conflict exposed weaknesses in global supply chains.  "A resilient local supply chain is going to be very important for a sustainable manufacturing future," says Hina. "Ensuring sustainability, ensuring scalability, ensuring security and ensuring cost competitiveness of our supply chain locally is extremely important."  Correction: This episode was updated to remove a reference to the location of where GM's Cadillac LYRIQ is being built. It is being built in Tennessee and not in New York. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).   To listen to our episode from the S&P Global Sustainable1 Summit in New York: https://www.spglobal.com/esg/podcasts/on-the-ground-in-nyc-how-climate-change-is-forcing-a-new-type-of-financial-literacy   To read more about expectations for electric vehicle sales, read this report by S&P Global Commodity Insights: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/energy-transition/042222-surging-ev-sales-hitting-high-lithium-prices-supply-chain-constraints-experts     Photo credit: Getty Images 
6/13/202219 minutes, 34 seconds
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Heineken's holistic approach to ESG

In this episode of the ESG Insider podcast, we sit down with Jan-Willem Vosmeer, Global Manager of Sustainable Development and Stakeholder Engagement at The Heineken Company. He talks about how the brewer is working with suppliers to reduce emissions, the challenges of working in a water-intensive industry, and how to make agriculture sustainable.   But he says Heineken is focused on more than just environmental issues. It seeks to embed sustainability throughout its entire business, including through net zero goals, addressing responsible drinking and working to further diversity, equity and inclusion.   "There's a lot of focus on the environmental part, but for me, it's really always a holistic agenda," Jan-Willem says. "So the S of social is as important as the environmental part, and they’re also interlinked." We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Register for the S&P Global Sustainable1 Summit here: https://www.spglobal.com/esg/sp-global-sustainable1-summit?utm_medium=social&utm_source=podcast&utm_content=ESGInsiderAd  To listen to our episode from the S&P Global Sustainable1 Summit in Paris: https://www.spglobal.com/esg/podcasts/on-the-ground-in-paris-long-term-net-zero-goals-need-urgent-action   To listen to our episode from the S&P Global Sustainable1 Summit in New York: https://www.spglobal.com/esg/podcasts/on-the-ground-in-nyc-how-climate-change-is-forcing-a-new-type-of-financial-literacy  Photo credit: Getty Images 
6/3/202226 minutes, 50 seconds
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On the ground in NYC: How climate change is forcing a new type of financial literacy

Corporates, financial institutions, investors and academics gathered in New York City on May 17 for the S&P Global Sustainable1 Summit to discuss topics such as net zero, the energy transition and ESG data challenges. In this episode of the ESG Insider podcast, we bring you highlights from the panel discussions as well as interviews on the sidelines of the event. We hear from Emily Chew, Chief Responsible Investment Officer at Calvert Research and Management, one of the largest responsible investment companies in the U.S. Emily talks about the intense level of engagement and coordination that climate change requires of companies. "Every organization needs this multi-stakeholder, multi-pronged approach," she says. "It really stretches us into this new ... type of financial literacy that pertains to climate." We also hear from the largest bank in the U.S. Rama Variankaval, Global Head of the Center for Carbon Transition at JPMorgan Chase and Co., talks about the challenge of putting climate targets into practice. "We published a target and that's when the real work started,” Rama says. “It's easy enough to put a glossy 20 pages with numbers on it and pretty pictures of trees, etc. But then you have to go and say: Ok, what do you do with this?" We also sit down on the sidelines of the event with Josh Green, Co-Founder and COO of technology platform Novata, to talk about the role of private equity markets in ESG. “If all the public companies in the world are fantastic in reducing their carbon emissions but private companies keep doing business as usual, we are not going to solve our climate problem," he says. And we talk with Simran Heer, Program Manager at Microsoft, who explains how the company uses artificial intelligence and machine learning to tackle sustainability issues. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Register for the S&P Global Sustainable1 Summit here: https://www.spglobal.com/esg/sp-global-sustainable1-summit?utm_medium=social&utm_source=podcast&utm_content=ESGInsiderAd Photo credit: Getty Images
5/27/202232 minutes, 24 seconds
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On the ground in Paris: Long-term net zero goals need urgent action

Around 300 corporates, financial institutions, investors and academics gathered in Paris on May 10 for the S&P Global Sustainable1 Summit to discuss topics including net zero, biodiversity, the energy transition and the ESG data challenge. In this episode of the ESG Insider podcast, we sit down on the sidelines of the event with Sagarika Chatterjee, high level champion for climate action and the Glasgow Financial Alliance for Net Zero, or GFANZ. Sagarika talks about the importance of credible, near-term net zero targets. "This has to be about the next five years. It can't be about only the next 20 or the next 30," she tells us. We also sit down with Magnus Billing, CEO of Sweden’s largest pension fund, Alecta. He says carbon pricing could be part of the solution in getting to net zero. "The market doesn't have the proper incentives today to take action," he tell us. "The drive to make changes and take actions would be enormously higher if we had a correct price on the actual cost" of carbon. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Register for the S&P Global Sustainable1 Summit here: https://www.spglobal.com/esg/sp-global-sustainable1-summit?utm_medium=social&utm_source=podcast&utm_content=ESGInsiderAd Photo credit: Getty Images
5/20/202232 minutes, 40 seconds
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A new economic model for the climate change era

Stakeholder capitalism — the idea that companies are responsible to a wide range of stakeholders in addition to shareholders — was a big focus at the last iteration of Davos, the annual meeting hosted by the World Economic Forum that brings together global leaders from governments, business and academia in Switzerland. In 2022, Davos is scheduled to take place the week of May 22. Ahead of that event, we’re talking with Bruno Roche, the former Mars Inc. chief economist who founded the Economics of Mutuality platform. In this episode of the ESG Insider podcast, Bruno outlines a new approach to corporate performance measurement and accounting. "Fifty years ago, financial capital was scarce, but natural resources were overly abundant. Today, it's just the opposite — financial capital is overly abundant and natural resources are scarce," Bruno tells us in this episode of the ESG Insider podcast. "Yet our economic model has not changed. So there is something wrong." Bruno proposes a total rethink of corporate purpose to an approach that is more focused on a wide range of stakeholders. "The purpose of business is about creating scalable and profitable solutions to the problems of people and planet — not profiting from creating problems," he says. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Register for the S&P Global Sustainable1 Summit here: https://www.spglobal.com/esg/sp-global-sustainable1-summit?utm_medium=social&utm_source=podcast&utm_content=ESGInsiderAd Photo credit: Getty Images
5/13/202227 minutes, 12 seconds
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How human rights are moving up the agenda for businesses, investors

Human rights problems lurking in supply chains — from child labor and unfair wages to unsafe working conditions — are moving up the ESG agenda for many companies and investors. In this episode of the ESG Insider podcast, we explore how the issue is evolving. One force behind this change is new legislation being rolled out that requires companies to identify, measure and tackle human rights risk related to their business activities. Another is a warming climate, and the way the physical impacts of climate change can affect societies and workers and disrupt the global flow of goods and services. The human rights topic is also coming into sharper focus following the COVID-19 pandemic and amid instances of localized conflict in different parts of the world. Meanwhile, social media and other tech businesses face their own human rights issues, ranging from data privacy to hate speech. In this episode, we talk with human rights experts from three organizations: asset manager Robeco, law firm Clifford Chance, and the Business & Human Rights Resource Centre, a U.K.-based nonprofit. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Register for the S&P Global Sustainable1 Summit here: https://www.spglobal.com/esg/sp-global-sustainable1-summit?utm_medium=social&utm_source=podcast&utm_content=ESGInsiderAd Photo credit: Getty Images
5/6/202221 minutes, 44 seconds
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EU bank regulator puts spotlight on ESG disclosures

Regulation is increasingly shaping the agenda for environmental, social and governance-focused investors. In many parts of the world, regulators are working to bring clarity to an often-confusing ESG market amid an alphabet soup of different voluntary frameworks. The European Banking Authority, which oversees EU banks, is one such regulator. Earlier this year, it said it will ask banks to disclose information on climate risks and their plans to address those risks from 2023. For this episode of the ESG Insider podcast, we interviewed Pilar Gutierrez, Head of Reporting and Transparency at the EBA, about the new standards, how they fit with a push for more standardized reporting internationally, and what improvements banks will have to make. “Many corporates or banks are already providing disclosure reports on nonfinancial information according to the TCFD recommendations,” Pilar tells us. “But when assessing these reports, we still observe growth for improvement in terms of consistency and comparability of the disclosures.” We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Register for the S&P Global Sustainable1 Summit here: https://www.spglobal.com/esg/sp-global-sustainable1-summit?utm_medium=social&utm_source=podcast&utm_content=ESGInsiderAd Photo credit: Getty Images
4/29/202226 minutes, 39 seconds
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Path to net zero for energy systems: Complicated but feasible, IPCC finds

A new report from the U.N.'s Intergovernmental Panel on Climate Change, or IPCC, charts a challenging but feasible course ahead for many sectors in achieving net zero emissions. The report warns that delayed action could result in significantly worse losses and damages, including trillions of dollars worth of stranded fossil fuel assets. In this Earth Day episode of ESG Insider, we talk with a contributing author to the report, John Bistline. John is Program Manager in the Energy Systems and Climate Analysis Group at the Electric Power Research Institute, or EPRI. He explains that a low-carbon future will depend on transforming energy systems that rely on electricity or fossil fuels to operate. And he talks about the potential challenges energy systems face in pursuing net zero emissions by 2050, and the actionable takeaways in the report for companies. "The next steps are thinking about these credible commitments to public policy, private investment, to innovation. And in the near term, that may mean doubling down on options that previous decades have helped to make cheap," he says. "We're also going to see a lot of work trying to scale the technologies that are needed to reach net zero emissions across the economy. And I think in order to do that, there's going to be a lot of interest, a lot of investment in these options that today are sort of more at a pilot scale." Listen to our episode on the IPCC's previous February 2022 climate adaptation report here: https://soundcloud.com/esginsider/ipcc-climate-report-warns  Listen to our episode on the IPCC's August 2021 report about the scientific basis for climate change here: https://soundcloud.com/esginsider/in-fighting-climate-change  Register for the S&P Global Sustainable1 Summit here: https://www.spglobal.com/esg/sp-global-sustainable1-summit?utm_medium=social&utm_source=podcast&utm_content=ESGInsiderAd  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
4/22/202229 minutes, 9 seconds
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Why Bank of America says Scope 3 emissions "biggest challenge" for banks

The world is working to meet ambitious environmental, social and governance targets in the form of the Paris Agreement and the U.N.'s Sustainable Development Goals. It's clear that banks will play a central role in financing the changes needed to meet these goals. In this episode of the ESG Insider podcast, we talk with Karen Fang, Global Head of Sustainable Finance at Bank of America, about how one of the largest U.S. banks is approaching sustainability challenges. In the episode, Karen discusses the bank's goal of deploying and mobilizing $1.5 trillion in sustainable finance by 2030, how Bank of America is working to align SDG and ESG goals, and steps the bank is taking to meet its own net zero goal. She also talks about the new climate disclosure proposal from the U.S. Securities and Exchange Commission and the difficulty of measuring and managing Scope 3 emissions. "For us, as a bank, the biggest challenge is Scope 3 because that's our entire supply chain and value chain," Karen says. "It really takes all of our clients that we lend money to and invest in to work with us on a credible transition plan to transition to net zero so our financing and investment emissions — which is the biggest contributor of our Scope 3 emissions — can be neutralized over time." Listen to our recent episode on the SEC’s climate disclosure proposal here: https://www.spglobal.com/esg/podcasts/unpacking-implications-of-the-sec-s-proposed-climate-disclosure-rule Register for the S&P Global Sustainable1 Summit here: https://www.spglobal.com/esg/sp-global-sustainable1-summit?utm_medium=social&utm_source=podcast&utm_content=ESGInsiderAd We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Bank of America
4/15/202225 minutes, 50 seconds
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How the largest US pension fund uses its financial power to influence corporate ESG performance

In 2022, the ESG Insider podcast is bringing you a series of interviews with some of the world’s largest asset managers, owners and financial institutions. In this episode, we hear from the largest pension fund in the U.S. — the California Public Employees' Retirement System, or CalPERS. We speak to Simiso Nzima, managing investment director of global equity at CalPERS. The conversation focused on five vital sustainability topics — executive pay and its link to ESG performance; board diversity; climate risk; the lack of standardization in ESG metrics; the SEC’s new proposal on climate-related disclosures; and finally, the debate about divestment versus engagement. To listen to our interview with BlackRock: https://podcasts.apple.com/us/podcast/behind-the-scenes-with-blackrock-how-the-worlds/id1475521006?i=1000554510594  To listen to our interview with State Street Global Advisors: https://podcasts.apple.com/us/podcast/state-street-global-advisors-exec-on-climate-accountability/id1475521006?i=1000551552556  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
4/8/202229 minutes, 13 seconds
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Unpacking implications of the SEC's proposed climate disclosure rule

The U.S. Securities and Exchange Commission recently unveiled a long-anticipated climate disclosure rulemaking proposal. The proposed rule, which is now open for comment, would require companies to disclose certain climate-related information ranging from greenhouse gas emissions to expected climate risks to transition plans.   In this episode of ESG Insider, we explore the potentially wide-reaching implications for investors, companies and for climate disclosure globally.  To help us understand the SEC's proposal as it relates to audit and attestation requirements, we talk with Maura Hodge, who is IMPACT and ESG Audit Leader at professional services firm KPMG. We also learn about the challenges of measuring Scope 3 indirect emissions from our colleague Dr. James Salo, who heads environmental research & ESG modeling at S&P Global Sustainable1. And to explore legal implications surrounding the proposal, we talk with Mellissa Duru, special counsel at law firm Covington & Burling and co-vice chair of the firm's ESG practice. Mellissa previously worked at the SEC in its Corporate Finance Division and as a lead adviser to former Commissioner Kara Stein on the SEC's ESG-related regulatory policy. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: S&P Global Sustainable1 
4/1/202242 minutes, 34 seconds
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How blue bonds seek to boost marine conservation

Pollution, over-fishing, coral bleaching and the impact of climate change — the oceans are clearly in trouble. Over the past decade, many more nature-based projects have gotten the support of green financing mechanisms, such as green bonds, but little of that new money has benefited the ocean economy. To help fix that financing gap between the terrestrial and marine worlds, some banks are experimenting with a new type of financing instrument known as a blue bond. The first such instrument was issued in October 2018, enabling the island nation of Seychelles to offload a portion of its debt in return for increased marine protection. The deal stabilized Seychelle’s debt position, while boosting investment in the local marine economy. Since then, half a dozen other countries or banks have issued blue bonds, including the World Bank, the Bank of China and the country of Belize. In this episode we speak to Ramzi Issa, a managing director at Swiss bank Credit Suisse, who helped arrange the recent Belize blue bond, which raised $364 million. Part of that money was used to restructure Belize’s debt and part of it is allocated for marine conservation. As Ramzi says, "You're effectively creating funding for these projects through debt relief. So that was kind of a key feature of the transaction when [investors] participated." For now, blue bonds remain a niche market. But they join other innovative efforts to increase ocean investment flows. In July 2021, for example, we interviewed the marine explore Jacques Cousteau’s grandson, Philippe, who is also working to bring the oceans to ESG investors. Listen to the episode here: https://podcasts.apple.com/us/podcast/how-cousteaus-grandson-is-bringing-oceans-to-esg-investors/id1475521006?i=1000527653970 Both blue bonds and other form of sustainable financing for the oceans could get more attention during the U.N. biodiversity conference known as COP15 being held in China in late April and early May. Correction: This episode was updated to correct a reference to Credit Suisse, which is a Swiss bank. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
3/28/202220 minutes, 48 seconds
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Behind the scenes with BlackRock: How the world’s largest asset manager is engaging with companies

In his 2022 letter to CEOs, BlackRock chief executive Larry Fink wrote: “Divesting from entire sectors – or simply passing carbon-intensive assets from public markets to private markets – will not get the world to net zero. And BlackRock does not pursue divestment from oil and gas companies as a policy.”  In this episode of the ESG Insider podcast, we’re talking to the world’s largest asset manager about its approach to engaging with companies, including those in carbon-intensive sectors. We interview Victoria Gaytan, Vice President at BlackRock Investment Stewardship, the team responsible for engaging with companies and for proxy voting on clients’ behalf.   Victoria tells us about BlackRock’s engagement priorities for 2022, and what to expect from the upcoming proxy season. She also describes how the firm’s expectations of corporate boards are evolving on a range of ESG issues, from diversity to climate change to executive compensation.   “We look to boards to have a clear understanding of how executive leadership instills the company's strategy and purpose into day-to-day operations, and how it seeks to ensure that corporate culture is experienced as intended across workforce and the company's key stakeholders,” Victoria tells us.  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: BlackRock Inc.
3/18/202232 minutes, 37 seconds
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Behind the scenes with BlackRock: How the world’s largest asset manager is engaging with companies

In his 2022 letter to CEOs, BlackRock chief executive Larry Fink wrote: “Divesting from entire sectors – or simply passing carbon-intensive assets from public markets to private markets – will not get the world to net zero. And BlackRock does not pursue divestment from oil and gas companies as a policy.”  In this episode of the ESG Insider podcast, we’re talking to the world’s largest asset manager about its approach to engaging with companies, including those in carbon-intensive sectors. We interview Victoria Gaytan, Vice President at BlackRock Investment Stewardship, the team responsible for engaging with companies and for proxy voting on clients’ behalf.   Victoria tells us about BlackRock’s engagement priorities for 2022, and what to expect from the upcoming proxy season. She also describes how the firm’s expectations of corporate boards are evolving on a range of ESG issues, from diversity to climate change to executive compensation.   “We look to boards to have a clear understanding of how executive leadership instills the company's strategy and purpose into day-to-day operations, and how it seeks to ensure that corporate culture is experienced as intended across workforce and the company's key stakeholders,” Victoria tells us.  We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: BlackRock Inc.
3/18/20220
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IPCC climate report warns: Transformational change is no longer optional

Companies have two options going forward: transform or be transformed, according to a Feb. 28, 2022, report by the U.N.'s Intergovernmental Panel on Climate Change, or IPCC. Companies can either make transformational changes now that will help them be resilient to the physical impacts of climate change in the future, or they can continue to be reactive and wait until climate change forces them to transform at an even greater cost, the IPCC finds. In this episode of ESG Insider, we talk with one of the lead authors of the IPCC report, Dr. Edward Carr, who is also Director of the International Development, Community and Environment Department at Clark University. He was a lead author of the chapter in the IPCC report about climate resilient development pathways, which outlines the role companies and investors can play in adaptation. The good news, according to Ed, is that companies are well-placed to develop longer-term adaptation plans and find new opportunities for transformation. At the same time, companies cannot do it alone. Governments, the private sector and the public must all work together to adapt to climate change and lower emissions. Listen to our episode on the IPCC's August 2021 Group I report on the scientific basis for climate change here: https://soundcloud.com/esginsider/in-fighting-climate-change We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
3/11/202228 minutes, 34 seconds
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How the U.K.’s approach to women on boards is improving gender diversity

Ahead of International Women’s Day, we’re looking at how the U.K. is moving the needle on gender diversity in corporate boardrooms. Many countries have mandatory quotas for the minimum number of women on corporate boards. The U.K., in contrast, adopted a voluntary approach to improve gender balance in the business world. Has it worked?  In one important sense, yes: Nearly 40% of board seats at the U.K.’s top 100 companies are now filled by women, and notable gains have also been made at the board level of the U.K.’s 350 largest companies, according to a new report. However, there are still very few women CEOs or CFOs in the U.K., and only a third of leadership roles are held by women.  In this week’s episode of the ESG Insider podcast, we speak to Denise Wilson, Chief Executive of the FTSE Women Leaders Review, which published the report in February. Wilson describes how the decision to routinely and openly publish data naming and shaming companies that fall short of suggested gender-balance targets has acted as a nudge, persuading more businesses to appoint female board directors to meet growing investor and societal expectations on diversity.   To read more about gender diversity at global companies: https://www.spglobal.com/en/research-insights/featured/women-ceos-covid   To read more about gender diversity at U.S. companies: https://www.capitaliq.spglobal.com/web/client?auth=inherit#news/article?id=65743394&KeyProductLinkType=6     To read S&P Global Sustainable1 research on corporate diversity, equity and inclusion policies: https://www.spglobal.com/esg/csa/yearbook/articles/progress-toward-corporate-diversity-requires-more-than-ticked-boxes-and-token-hires    To subscribe to our new newsletter, The Social Equity & Impact Review: https://spgi-mkto.spglobal.com/Subscribe-The-Social-Equity--Impact-Review.html   We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]).  Photo credit: Getty Images
3/7/202218 minutes, 23 seconds
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How to keep pace with the fast-changing landscape for ESG regulation, standards

If you listened to our bonus episode of the ESG Insider podcast last week, you know we were on the ground attending GreenBiz, one of the largest sustainability conferences in the U.S. that brought together about 1,300 sustainability professionals. A big theme we heard at the event is that sustainability is accelerating rapidly — and that change is especially pronounced in the evolving landscape for standard-setting bodies and disclosure regulations. At the conference, we sat down with one of those standard setters to discuss the big developments afoot: Katie Schmitz Eulitt, Director of Investor Relationships at the Value Reporting Foundation, formerly the Sustainability Accounting Standards Board, or SASB. "There's excitement about the harmonization that is happening in this space and maybe a little frustration about, 'well, why can't we just get it done now — why do we have to wait?'" Katie says. "But I think we've come so far so fast that some of us are kind of pinching ourselves." We also talk with Kristen Sullivan, who is Sustainability and ESG Services Leader at Deloitte. Kristen moderated a panel at the conference titled "The SEC Homes in on ESG," and in the episode she tells us what to expect in the near term from the U.S. Securities and Exchange Commission when it comes to climate and human capital management disclosure rules. "It's a matter of when, not if, the regulators are really putting that definition around disclosure expectations," Kristen tells us. And to hear what all these changes look like in practice for companies, we sat down with Jaclyn Allen, Director of Sustainability at fashion company Guess. "The investor community is really concerned about climate, and they want to know that the company that they're investing in has a long-term view for the business as a whole," she says. S&P Global Sustainable1 was a sponsor of the GreenBiz conference. Listen to the bonus episode, featuring an interview with GreenBiz Group Chariman and Co-Founder Joel Makower: https://podcasts.apple.com/us/podcast/bonus-episode-a-sneak-peek-at-greenbiz-one-of/id1475521006?i=1000551417128 We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
2/25/202227 minutes, 45 seconds
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State Street Global Advisors exec on climate accountability and engagement in 2022

State Street Global Advisors, the world's third-largest provider of exchange-traded funds, is expecting more action and transparency from companies in 2022 on climate change and social issues – and it wants to use its influence to drive that change. "We view divestment as the last resort," says Karen Wong, who is Global Head of ESG and Sustainable Investing at State Street Global Advisors. "We do believe overall that it's absolutely important to have the voting and engagement in our toolkit to drive changes." In 2022, the ESG Insider podcast will be talking with large asset managers around the world about their policies and practices on key ESG topics because they can play a critical role in pressing companies to review and address those issues. In this episode, Karen outlines some of the circumstances under which State Street Global Advisors would vote against a company's directors, the new expectations the asset manager is setting for climate and workforce diversity-related disclosures, and how the firm is handling evolving regulations, including the EU's Sustainable Finance Disclosure Regulation, or SFDR., Listen to our related podcast episode that explores what SFDR is and why it's important: https://soundcloud.com/esginsider/eu-revolutionizes We'd love to hear from you! To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: State Street Global Advisors
2/18/202225 minutes, 1 second
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Bonus episode: A sneak peek at GreenBiz, one of the biggest US sustainability conferences

In this bonus episode of the ESG Insider podcast, we're taking you on the road to the big U.S. sustainability conference GreenBiz22. We sit down with Joel Makower, who is Chairman and Co-Founder of GreenBiz Group, which produces the three-day event bringing together sustainability professionals from many of the largest U.S. companies. The event is an opportunity to take the pulse of the corporate world on topics ranging from net zero to biodiversity to social equity. As Joel tells us in the interview, it's also a chance to hear how a diverse group of companies across sectors are handling the explosive growth in the ESG movement. "All of a sudden, this function within companies that used to be kind of a backwater — sustainability — is now sitting there on Wall Street and sitting there in the boardroom in some fashion in most companies, and that's created a whole new dynamic. So it's a very exciting moment," Joel says. It's also a "be careful what you wish for" moment, Joel says: "This is the moment where all of a sudden, everybody wants a piece of you." Tune in to the podcast next week for more interviews on the ground at the conference. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
2/17/202223 minutes, 32 seconds
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How one of the world’s largest insurers is tackling climate change

Climate change is driving up insurance-related losses on a global scale even as homeowners, businesses and communities around the world continue to build in hazard-prone areas such as those that experience frequent flooding or storm damage. In this episode of ESG Insider, we examine how one of the world’s largest insurers is tackling rising risks from climate change in an interview with Ernst Rauch, Chief Climate and Geo Scientist and Head of the Climate Solutions Unit at Munich Re. A recent report from the German insurance company found that natural disasters around the world caused about $280 billion in damages in 2021. About $120 billion of those damages involved assets covered by insurance — up from $82 billion in 2020 and $57 billion in 2019. Ernst explains that there is ample data available to help the insurance industry make informed decisions about exposure to different kinds of climate risks. But this information is not always easily accessible to the public. “The issue is how to bring this information to the people, to the citizens and to the businesses,” he says. Listen to our episode on record rainfall in 2021 that caused deadly flooding in Western Europe: https://podcasts.apple.com/us/podcast/record-floods-highlight-climate-risks-to-business-in/id1475521006?i=1000530552007 We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
2/11/202226 minutes, 25 seconds
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How one of the world’s largest insurers is tackling climate change

Climate change is driving up insurance-related losses on a global scale even as homeowners, businesses and communities around the world continue to build in hazard-prone areas such as those that experience frequent flooding or storm damage. In this episode of ESG Insider, we examine how one of the world’s largest insurers is tackling rising risks from climate change in an interview with Ernst Rauch, Chief Climate and Geo Scientist and Head of the Climate Solutions Unit at Munich Re. A recent report from the German insurance company found that natural disasters around the world caused about $280 billion in damages in 2021. About $120 billion of those damages involved assets covered by insurance — up from $82 billion in 2020 and $57 billion in 2019. Ernst explains that there is ample data available to help the insurance industry make informed decisions about exposure to different kinds of climate risks. But this information is not always easily accessible to the public. “The issue is how to bring this information to the people, to the citizens and to the businesses,” he says. Listen to our episode on record rainfall in 2021 that caused deadly flooding in Western Europe: https://podcasts.apple.com/us/podcast/record-floods-highlight-climate-risks-to-business-in/id1475521006?i=1000530552007 We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
2/11/20220
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Why a siloed approach to ESG won’t fly in 2022

In this episode of the ESG Insider podcast, we explore a key theme emerging at the center of the ESG movement in 2022: That’s the idea that environmental, social and governance factors should not be considered in isolation, but rather should be understood in relation to each other. In the episode we speak to Dr. Richard Mattison, who is President of S&P Global Sustainable1 and a member of the Taskforce on Nature-related Financial Disclosures, or TNFD. Richard talks about the need to tie together the net zero, nature and social agendas. “We can't achieve a transition to a net zero economy without also being a nature-positive transition and a just transition,” he says. Listen to our episode on the International Sustainability Standards Board, or ISSB: https://soundcloud.com/esginsider/standard-setters-work-to-close Listen to our episode on the TNFD: https://soundcloud.com/esginsider/the-new-task-force-in-town Read the full report from S&P Global about the key trends that will drive the ESG agenda in 2022: https://www.spglobal.com/esg/insights/key-esg-trends-in-2022 We'd love to hear from you! To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
2/4/202214 minutes, 33 seconds
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What the gas and nuclear debate around the EU taxonomy means for investors

At the beginning of January 2022, a key element of the EU’s sustainable finance policy came into effect — the green taxonomy, a kind of dictionary of sustainable activities. Investors must now disclose how their funds meet taxonomy climate-related requirements, while large companies need to report on how much of their business is in line with the taxonomy. But an ongoing debate over whether natural gas and nuclear power should be included in the tool is overshadowing the taxonomy’s introduction. The EU announced at the New Year that it had begun consultations on including gas and nuclear after delaying a decision earlier in 2021 following pressure from sustainable investors, activists, and its own expert advisory group. The bloc faces pressure to avoid making countries that are highly dependent on fossil fuels feel they are being left behind in the transition. Meanwhile, critics say the EU risks hurting its reputation as a global leader in sustainable finance regulation. To find out how investors are viewing the debate, we speak to Rachel Ward, policy programme director at the Institutional Investors Group on Climate Change, which represents more than €50 trillion of assets under management and has called on the EU to exclude gas from the taxonomy. “Gas cannot meet the prescribed requirements included in the taxonomy. To do so would be misleading,” she tells us in this episode of ESG Insider. We also speak to Matthias Fawer, a senior analyst for ESG & Impact Assessment at Vontobel Asset Management, who says the proposal to include nuclear and gas in the taxonomy comes during the “difficult and delicate” transition period that is taking place until renewables can replace fossil fuels. And Alexander Lehmann, head of the Sustainable World Academy at Frankfurt School of Finance and Management, tells us that the proposal adds complications and potential risks for investors. To learn more about the EU’s green taxonomy, listen to our earlier episode here: https://soundcloud.com/esginsider/defining-green-what-investors We'd love to hear from you! To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
1/28/202226 minutes, 24 seconds
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US climate-related disasters cost $145 billion in 2021 and more ahead, scientists say

In 2021, the world saw many major climate-related disasters ranging from wildfires, to flooding and hurricanes. The U.S. National Oceanic and Atmospheric Administration, or NOAA, recently released its annual climate trends report, providing an important snapshot of the physical risks from climate change in the U.S. The report also puts a price tag on those risks: U.S. weather and climate-related disasters reached $145 billion in 2021. In this episode of ESG Insider, Climatologist Karin Gleason of NOAA's National Centers for Environmental Information explains how climate change is amplifying extreme weather events by making them happen more often, last longer, and cause more damage. And Karin's colleague, Climatologist Adam Smith, says 2021 further proves that the world must both adapt to the physical risks of climate change and mitigate future impacts by curbing greenhouse gas emissions. As for physical risks, "it's a socioeconomic question about how can we make ourselves more resilient collectively, whether it's the individual level, homeowner level, a town, even at the state and the federal levels." We'd love to hear from you! To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
1/21/202219 minutes, 8 seconds
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What the EU aims to achieve with its carbon border tax proposal

The EU proposed a carbon border adjustment mechanism in 2021 as part of a broad climate package designed to reduce carbon emissions by 55% from 1990 levels by 2030. This mechanism — widely known as ‘CBAM' — would put a tariff on imports of carbon-intensive goods. The proposed regulation aims to prevent EU-based companies from moving production to other jurisdictions with less stringent climate regulation (also known as ‘carbon leakage'). It also aims to avoid imports of carbon-intensive products to the detriment of EU companies. CBAM will be phased in from 2023 if approved by the European Parliament and EU member states, so companies are already putting measures in place to ensure they adhere to the potential new rules, says Yaroslav Alekseyev, a partner at law firm Linklaters, in this episode of the ESG Insider podcast. Some experts believe CBAM will encourage other jurisdictions to set carbon prices. “If a company from a country outside of the EU wants to export products into the European Union market, they will have pay that CBAM at the border if they don't have a domestic carbon price that is high enough," says Sanjay Patnaik, director of the Center on Regulation and Markets at Washington, D.C.-based think tank the Brookings Institution. "That could really set incentives around the world.” But some industrial sectors are not convinced. We hear tom Emanuele Manigrassi, the public affairs manager at trade group European Aluminium, who says the aluminium sector does not believe CBAM will support low-carbon production. His organization is calling for CBAM to be tested before it is introduced. We'd love to hear from you! To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]). Photo credit: Getty Images
1/18/202228 minutes, 48 seconds
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ESG experts are watching these sustainability trends in 2022

To welcome the New Year, we hear from experts across the ESG world about what sustainability trends they are watching in 2022. Our guests in this episode of ESG Insider include Curtis Ravenel, who is Secretariat for the Task Force on Climate-related Financial Disclosures and senior adviser to former Bank of England Governor Mark Carney. We also talk with the Head of Global Sustainability Research at Morgan Stanley, and the Head of Energy and Environment Transition at French bank BNP Paribas. And we hear from an activist investment firm in the U.S. that has been pressing companies to perform racial equity audits. Themes we cover include the importance of holding financial institutions accountable for decarbonization pledges, the outlook for sweeping change in biodiversity disclosure and data, and rising investor pressure on companies to address social inequities. Here are links to our most popular episodes from 2021: https://www.spglobal.com/esg/podcasts/at-cop26-why-article-6-matters-to-companies-and-investors https://www.spglobal.com/esg/podcasts/goldman-sachs-executive-on-demystifying-measuring-the-s-in-esg We'd love to hear from you! To give us feedback on this episode or share ideas for future episodes, please contact cohosts Lindsey Hall ([email protected]) and Esther Whieldon ([email protected]) Photo credit: Getty Images
1/7/202229 minutes, 23 seconds
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Climate must factor into ‘every financial transaction,’ says Just Climate Chairman

In this year’s final episode of ESG Insider, we talk with David Blood about two big sustainability issues impacting the financial sector as we head into 2022: Plugging the climate financing gap, and aligning investment portfolios with Paris Agreement goals. David is a senior partner at Generation Investment Management, the sustainable investment firm he founded with former U.S. Vice President Al Gore. David tells us about the strategy behind Just Climate, a new venture Generation Investment Management launched in October 2021 to tackle the net zero challenge at scale. "To achieve our goal of limiting global temperature rise to less than 1.5 degrees C, every financial transaction must take climate into consideration," David says in the interview. "I don't believe yet that the asset owner community or the asset manager community fully embrace that, have fully internalized that notion." He also talks about his role leading the Portfolio Alignment Team. This group was created in 2020 by Mark Carney in his capacity as U.N. Special Envoy for Climate in response to rising interest from investors and lenders in measuring how portfolios align with Paris Agreement goals. The Portfolio Alignment Team published its latest report shortly before COP26. In this episode, we also speak with Carter Powis, a consultant with McKinsey who led the firm’s support of the team. "Knowledge of portfolio alignment tools is still in a very nascent state across the financial sector," Carter says. "As a result, there are some pervasive misunderstandings about what these tools are and why they're important." Photo credit: Generation Investment Management
12/21/202131 minutes, 53 seconds
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Defining net zero: How to turn pledges into concrete action

'Net zero’ was a buzzword in the sustainability world in 2021, but big questions remain about what this term really means. In this episode of ESG Insider, we'll hear how the Science Based Targets initiative, or SBTi, is defining net zero in its newly released corporate standard. And to understand the challenges the financial sector faces in defining and achieving net zero targets, we talk to Curtis Ravenel, who is senior adviser to Mark Carney — the former Bank of England Governor who now acts as U.N. special envoy on climate finance.  We'll also hear from Jeanne Martin, senior campaign manager at U.K.-based investor activist group ShareAction, about where European banks stand and why they need to make significant progress toward their net zero goals by 2030.   To learn more about the extent to which big corporations in multiple sectors are setting net zero targets, read an analysis by S&P Global Market Intelligence:  https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/path-to-net-zero-stakeholders-demand-action-on-ambitions-as-pledges-swell-67951124 Photo credit: Getty Images
12/17/202126 minutes, 56 seconds
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How 2 new technologies could pave the road to net-zero

In this final episode of our miniseries on emerging technologies that can help companies achieve net zero emissions by mid-century, we're examining two cutting-edge projects for the agricultural, mining and road construction industries.  In this episode of ESG Insider, we explore how scientists in California are using a new technology called enhanced weathering to help the farming and mining industries become part of the climate solution.  We also hear how Spanish energy and infrastructure company Acciona is working with the paper industry to help decarbonize the process for making roads.  Photo credit: Getty Image 
12/10/202130 minutes, 53 seconds
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How whisky, yoga pants and a trash burning plant are helping tackle climate change

What do Glenfiddich whisky, yoga pants and a trash-burning waste-to-heat plant in Europe have in common? They’re all part of efforts to use emerging technologies to tackle climate change.  As companies and countries around the world pursue net zero targets, one big question is: How do you ensure the carbon removal technologies we will need 20 to 30 years down the road are available, affordable and easily scaled? In this episode of ESG Insider, we bring you the second part in our miniseries about emerging climate technologies. We hear how Scotch whisky maker Glenfiddich uses a part of its distillery process to power delivery trucks. We explore how biotech company LanzaTech is using bacteria to recycle gases into ethanol that is used to create everything from yoga pants to shampoo bottles to low-carbon aviation fuels.   And lastly, we learn how Fortum Oslo Varme’s waste-to-energy trash-burning plant in Norway is being converted to capture carbon emissions and send them to be permanently stored deep under the North Sea. This technology is often referred to as bioenergy with carbon capture and storage, or BECCS, and can be used to help tackle climate change when done in a sustainable manner.  Photo credit: William Grant & Sons 
12/3/202138 minutes, 36 seconds
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Direct Air Capture: A high-tech fix for climate change?

Can a global array of CO2-sucking machines save us from the worst ravages of climate change? This episode is the first in an ESG Insider miniseries about new carbon-removal technology. This week we examine a method called Direct Air Capture, or DAC Right now, DAC is expensive and only at the nascent stages of development. But there’s growing support from entrepreneurs and some large companies to deploy the approach on an industrial scale. In this episode, we interview Steve Oldham, CEO of a Canadian company called Carbon Engineering, which is building a giant carbon-sucking plant in America’s oil-rich Permian Basin. Oldham explains how the technology works; why his company almost shut its doors; and why it now has the backing of Bill Gates and a host of fossil fuel companies, including Occidental, BHP and Chevron. We also talk to Daniel Egger, Chief Commercial Officer of Swiss firm Climeworks. The clean tech company recently switched on the world’s largest DAC plant in Iceland. A smaller DAC plant run by Climeworks in Switzerland already sells the CO2 it extracts to greenhouses and to Coca-Cola, which uses the gas to put the fizz in its namesake drink. Our third guest is Stuart Haszeldine of the University of Edinburgh, which describes him as the world’s first official professor of carbon capture and storage. Haszeldine explains how DAC technology can help remove the large volumes of CO2 that humans have pumped into the air since the Industrial Revolution. He also points out that, despite recent progress on DAC technology, most politicians and policymakers have yet to back the idea because it “seems to promise magic out of thin air.” Photo credit: Getty Images
11/26/202120 minutes, 59 seconds
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At COP26, connecting the climate and nature agendas

Protecting biodiversity and adopting nature-based solutions: Both play a critical role in addressing climate change and therefore cannot be ignored. This is a key theme we heard repeated at COP26, the U.N.’s big climate conference that took place in Glasgow over the first two weeks of November. In this episode of ESG Insider, we explore the emerging dialogue on climate change and nature-based considerations. For example, 92% of country climate pledges, known as Nationally Determined Contributions, or NDCs, submitted for COP26 included nature in their plans, Capitals Coalition CEO Mark Gough tells us. The Capitals Coalition advocates for companies to identify, measure and value their impacts and dependencies on natural capital, social capital and human capital. "Climate change is a driver for nature change," says Mark. "But also, nature can help to drive the changes that we want to see in the climate to make improvements there." In this episode, we also talk with Sarah Bratton Hughes, Global Head of Sustainability Solutions at UK-based asset management firm Schroders. She outlines how the firm is moving to reduce deforestation risks in its portfolios. And we'll hear how hard-to-decarbonize sectors such as steel and chemicals use nature to help meet their climate targets from Anthony Hobley, who is co-executive director of the Mission Possible Platform, a partnership between the World Economic Forum and the Energy Transitions Commission. For further coverage of COP26, listen to the podcast episode on Article 6 here: https://podcasts.apple.com/us/podcast/at-cop26-why-article-6-matters-to-companies-and-investors/id1475521006?i=1000539436647 And listen to the podcast episode where we interviewed the co-chair of the Task Force on Nature-related Financial Disclosures, or TNFD, here: https://podcasts.apple.com/us/podcast/the-new-task-force-in-town-tnfd-co-chair-talks/id1475521006?i=1000528412510 Photo credit: Getty Images
11/19/202131 minutes, 55 seconds
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Inside COP26: Chaos, optimism, progress

There have been a lot of headlines coming out of COP26, the big United Nations climate conference that took place in Glasgow the first two weeks of November. In this episode of ESG Insider, we bring you inside the event through interviews with COP attendees.  We hear about the mood on the ground: chaotic, but with an overriding sense of optimism that the world can make progress toward the goal of limiting global warming to 1.5 degrees C relative to preindustrial levels.  “For the first time, that target seemed to be in reach,” says Mike Wilkins, Head of Sustainable Finance Research at S&P Global Ratings and a member of the Task Force on Climate-related Financial Disclosures, or TCFD, who has attended many previous iterations of COP. Part of that sense of progress came from the growing presence of the financial sector at COP.  “The finance sector was really clearly present and active, and communicating the need for financial institutions to take account of climate change. And that was a new part of the dynamic this year,” says Divya Mankikar, Global Head of ESG Market Engagement at S&P Global Sustainable1.  We saw many private sector pledges during COP26, including an announcement from the Glasgow Financial Alliance for Net Zero, or GFANZ, that financial institutions representing $130 trillion of assets have committed to Paris Agreement goals. We should celebrate that progress, says James Vaccaro, Executive Director of the Climate Safe Lending Network, a group with the goal of bringing international bank lending in line with the Paris Agreement.  “A few years ago, if anyone was really talking seriously about large global banks making net zero carbon commitments … it would have been seen as quite fringe or radical,” James tells us. But he says there is more work to do. “Once you do have people in the tent … you want to move very quickly from a situation of normalized best practice into raising the bar for everyone.” Photo credit: Getty Images
11/12/202132 minutes, 37 seconds
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COP26 climate commitments send “clear signal” on how banks should finance transition

The 26th U.N. Climate Change Conference, known as COP26, is well underway in Glasgow. A big theme during the first week of the conference was the financial sector’s role in addressing climate change. In this episode of the ESG Insider podcast, we talk to Samu Slotte, global head of sustainable finance at Danske Bank, Denmark’s largest bank by assets. Samu talks about Danske Bank’s recent decision to join the Net-Zero Banking Alliance, a group of banks committed to aligning the greenhouse gas emissions of their lending and investment portfolios with net zero by 2050 or sooner, in line with the Paris Agreement. A challenge being discussed at COP26 is ensuring adequate climate financing makes its way to developing nations. “The overarching picture is that there's plenty of cash around looking for suitable investments,” Samu says. But he warns that the money is just not getting where it is needed. “The cash seems to be stuck in proven technologies in stable jurisdictions.” Photo credit: Getty Images
11/5/202129 minutes, 57 seconds
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2021 proxy season marked “new era” of shareholder support for ESG issues

The 2021 proxy season brought a new level of shareholder support for key ESG-related themes ranging from climate change to diversity disclosures. In this episode of ESG Insider, we talk to Sustainable Investments Institute founding executive director Heidi Welsh. “We've entered a whole new era” of shareholder support for ESG issues, Heidi tells us. “Investors want more information on climate change, on diversity and inclusion, on corporate political influence,” she says. For additional information about the 2021 proxy season, listen to our episode on the implications of shareholders' ouster of several Exxon Mobil board members: https://podcasts.apple.com/us/podcast/exxon-board-ouster-over-climate-change-has-big-implications/id1475521006?i=1000524283710 And you can also find all our coverage of COP26 at http://spglobal.com/cop26 Photo credit: Getty Images
10/29/202117 minutes, 9 seconds
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At COP26, why Article 6 matters to companies and investors 

At COP26 in Glasgow in the first two weeks of November, government officials from around the world will gather to discuss plans for achieving the Paris agreement on climate change. A key issue on the table is Article 6, which involves international cooperation through carbon markets.   In this episode of ESG Insider, we talk with Kelley Kizzier, who was a lead Article 6 negotiator at previous COP gatherings, including in 2015 when countries reached the Paris agreement on climate change. Kelley, who is currently vice president for global climate at the Environmental Defense Fund, also recently joined the board of directors of the Taskforce on Scaling Voluntary Carbon Markets.  Kelley explains why Article 6 matters to companies and investors. She also outlines how Article 6 could affect voluntary carbon markets, where companies buy carbon credits to help meet their net zero goals.  To learn more about carbon markets and the role of Article 6, listen to the latest episode of the Platts Future Energy podcast from our colleagues at S&P Global Platts. https://www.spglobal.com/platts/en/market-insights/podcasts/platts-future-energy/101221-cop26-paris-agreement-article-6-voluntary-carbon-markets-carbon-footprint-emissions  Photo credit: Getty Images 
10/22/202124 minutes, 27 seconds
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Morgan Stanley exec on net zero: 'We can't just wait 30 years and see what happens’

In this episode of the ESG Insider podcast, we talk to Jessica Alsford, Head of Global Sustainability Research at Morgan Stanley. In the run-up to COP26, the big United Nations climate conference taking place in Glasgow in November 2021, there has been a lot of discussion in the sustainability world about the path to net zero and the role the financial industry will play in reaching the goals of the Paris agreement. In the interview, Jessica talks about what needs to happen at COP26 to move companies beyond their headline net zero commitments into specific and transparent action plans. “We can't just wait 30 years and see what happens,” Jessica says. “So now, what comes next is [companies providing] that granularity, that visibility, about what are the specific actions” they are taking to achieve their end goal. "Investors are looking for annual disclosure and reporting on progress so that you can very clearly see which companies are decarbonizing and at what rate,” she adds. Jessica also says the lack of standardization in sustainability disclosure frameworks poses challenges for the ESG world. Still, she says, the direction of travel is clear: “You need more data in order to be able to make the ESG investment decisions.” Photo credit: Morgan Stanley
10/15/202121 minutes, 53 seconds
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How an EU social taxonomy could bring clarity to "S" in ESG

The coronavirus pandemic and a growing awareness of social risks have thrust the ‘S’ in ESG into sharper focus for many sustainability-minded companies and investors. Issuance of social bonds — debt instruments that raise money for things like affordable housing, health and education — surged nine-fold to $165 billion dollars in 2020 from the previous year, according to data from Environmental Finance, a global sustainable finance news and analysis provider. And as that market expands, investors are seeking clear guidance on social investment definitions. The European Union has already developed a green taxonomy, or a classification system of sustainable businesses and sectors. In this episode of ESG Insider, we look at the potential social taxonomy the EU has proposed to help define the ‘S.’ “We've got a good understanding of the E,” says Victor van Hoorn, executive director at Eurosif, a European forum that promotes sustainable investment. “We're more or less starting with a blank sheet of paper when we're talking about the ‘S.’” Check out our episode on the green taxonomy here: https://podcasts.apple.com/us/podcast/defining-green-what-investors-need-to-know-about-the/id1475521006?i=1000531954636 Photo credit: Getty Images 
10/8/202129 minutes, 59 seconds
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Goldman Sachs executive on demystifying, measuring the ‘S’ in ESG

Over the past year and a half, we’ve seen companies, investors and regulators put a growing emphasis on the ‘S’ in ESG. But there is still a common refrain in the ESG world that social issues are nebulous or difficult to measure. In this episode of ESG Insider, we hear how one of the largest financial institutions in the U.S. is tackling the ‘S’ and making it measurable. "The 'S' does get less focus,” says Asahi Pompey, Global Head of Corporate Engagement at Goldman Sachs. “People still think it's kind of amorphous. What exactly is the ‘S’? Is it in hiring? Is it in retention? Is it recruiting? Is it investments in communities? Here's the answer: It's all of those." Asahi talks about how Goldman Sachs is adapting its internal policies, its investment approach and its business models with the ‘S’ in mind. For example, earlier this year, the company launched its One Million Black Women initiative, committing more than $10 billion to advance racial equity and economic opportunity by investing in Black women. And in 2020, Goldman Sachs announced that it would stop underwriting IPOs for companies in the U.S. and Europe that don’t have diverse boards. In the interview, Asahi also talks about corporate America’s changing approach to social issues broadly and racial equity in particular. But she cautions that those changes could be short-lived if society does not keep the issue on the front burner. “Corporate America has a long way to go in order to drive sustained progress on the 'S,'” Asahi says. “Now, we've seen commitments across the industry and various sectors. That being said … it can't be episodic, and it has to be sustained, and it has to be measurable. We all know things get done when they're measured.” Photo credit: Goldman Sachs
10/1/202129 minutes, 28 seconds
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How The Big Apple is taking on the carbon footprint from buildings

In this special New York Climate Week episode of the ESG Insider podcast, we explore how the built environment – new building construction plus existing offices, apartment blocks, airports and other structures – is responsible for nearly 40% of all global carbon dioxide emissions, and what it will take to decarbonize this vast sector. In the episode, we interview three experts on the subject: Mark Reynolds, CEO of Mace Group, a large construction company focused on making buildings more sustainable; John Mandyck, CEO of a non-profit in New York City called Urban Green Council; and Dana Schneider, director of energy and sustainability at the Empire State Realty Trust, which owns the Empire State Building in New York, an iconic structure that has made significant headway in lowering its carbon footprint. Lowering the carbon footprint of the built environment is a massive task. Although building emissions reached their highest level in 2019, many cities have not yet embarked on sizable decarbonization plans. Some landlords could have to spend millions to retrofit buildings. Construction companies are under pressure to use less carbon-intensive materials. Homeowners are being prodded to spend money to make homes energy efficient. And investors with face the challenge of assessing the transition risk.  That helps to explain why at least three panel discussions at this week’s NY Climate Week were devoted to carbon emissions from the built environment, and why the big UN COP26 climate conference this fall will similarly dedicate an entire day to the subject. Photo credit: Getty Images
9/24/202120 minutes
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Pulling back the curtain on the promise of low-carbon hydrogen

When we talk about the technologies the world will need to tackle climate change, low-carbon hydrogen is increasingly part of the discussion. Two recent studies raise some big questions about whether some of these hydrogen technologies are as climate-friendly as proponents claim. In this episode of ESG Insider, we look at the research and development of blue hydrogen, which is derived from natural gas and paired with carbon-capturing technology to reduce the resulting emissions. And we also examine what role green hydrogen, which is created using renewable generation to separate water molecules, could play. We talk with the authors of those two recent studies and we hear from a hydrogen expert at a European research institute about the current state of the industry and what role the government is playing in promoting these technologies. Photo credit: Getty Images
9/17/202131 minutes, 49 seconds
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How green banks can accelerate climate finance

There’s a massive gap between the amount of investment needed to make the climate transition happen and what is occurring today. In this episode of ESG Insider, we explore the role that green banks can play in plugging that funding gap. Green banks can differ in scope and approach but are generally created to leverage government funds to mobilize private investment in clean and resilient infrastructure on the local scale. They exist in many parts of the world, including Australia, Japan, Malaysia, Switzerland, the U.S. and the U.K. In the episode, we’ll hear from Reed Hundt, co-founder, chairman and CEO of the Coalition for Green Capital, which has helped organize a number of green banks and is pressing the U.S. Congress to create a federal green bank. And we’ll look at how the first state-level green bank in the U.S. — the Connecticut Green Bank — has evolved since forming in 2011. We talk with Connecticut Green Bank President and CEO Bryan Garcia, who tells us: “Our goal is to demonstrate to the ... capital markets that this is a safe area of investment, and we're willing to put our capital at risk in front of you to do that.” Photo credit: Getty Images
9/10/202127 minutes, 38 seconds
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What Nasdaq’s diversity rule tells us about the direction of disclosure in the US

In early August, the U.S. Securities and Exchange Commission approved a proposal by Nasdaq to require companies listed on the New York-based exchange to disclose certain board diversity information. In this episode of ESG Insider, we explore what the rule means in practice for companies and investors. We hear from Matt Patsky, the CEO of Trillium Asset Management, about why investors view board diversity as a material factor — and what the SEC approval indicates about the direction of disclosure in the U.S. “The SEC's willingness to approve this Nasdaq board diversity rule sends a strong signal that they believe there's materiality to diversity,” Matt says. “And with that belief, I think it means we're moving closer to the SEC mandating disclosure of diversity information from companies broadly.” For the corporate and regulatory perspective, we talk with Cam Hoang, a corporate securities and SEC compliance lawyer and partner at the law firm Dorsey & Whitney. We also hear the recruiter’s perspective on the new rule from WSS Executive Search CEO & Founder Becky Heidesch, who has been helping companies find candidates with diverse profiles for decades. In the episode, you’ll hear us refer to an S&P Global Market Intelligence analysis of gender diversity on U.S. company boards and executive teams. You can read that research here: https://platform.mi.spglobal.com/web/client?auth=inherit#news/article?id=65743394&cdid=A-65743394-9776 To learn more about human capital management disclosures in the U.S., listen to this earlier episode of ESG Insider: https://traffic.libsyn.com/secure/esginsider/ESG_Insider_US_Diversity_Regulations_-_v3.mp3 Photo credit: Getty Images
9/3/202122 minutes, 17 seconds
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In fighting climate change, major IPCC report finds every little bit matters

A sobering new report from the U.N.’s Intergovernmental Panel on Climate Change tells corporations and governments in no uncertain terms: Act with urgency to lower emissions and adapt to the impacts of climate change at a more rapid pace and bigger scale. In this episode of ESG Insider, we look at the implications of the IPCC report for investors and companies, and we talk to two scientists who helped write the nearly 4,000-page document to better understand its key findings. Claudia Tebaldi, a scientist with the Joint Global Change Research Institute at the Pacific Northwest National Laboratory and one of the report’s authors, says incremental changes can make a big difference — for better or for worse. “Every little bit matters,” says Claudia. "This is in the bad sense that every little bit of warming is making the situation worse, but also that every little thing that we can make to slow down and stop [global warming] is going to matter.” We also talk to Kirsten Spalding, senior director for the investor network at Ceres, on how the lPCC’s latest findings will shape future investor engagement with companies on climate change. The report shows that “the need for action is even on a shorter timeline than we knew before,” Kirsten says. Photo credit: Getty Images
8/27/202125 minutes, 20 seconds
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TCFD gains momentum as climate reporting shifts from voluntary to mandatory

Several countries will soon make it mandatory for large companies and asset managers to calculate and publicly report their climate-related risks. It’s a complex accounting challenge and many businesses aren't fully prepared. The governments of the U.K., New Zealand, Hong Kong and Switzerland, as well as the G7 group of nations, are among those backing mandatory reporting under the Taskforce on Climate-related Financial Disclosures, or TCFD, framework. The push towards compulsory TCFD reporting will put pressure on banks, businesses and asset managers that have yet to embrace such disclosure. A big reason why many companies struggle with TCFD implementation is because it's hard to collect, collate and analyze detailed emissions-related data in all areas of their operations. Companies also need to train their employees on technical aspects of reporting under the framework. Above all, TCFD implementation must be roundly embraced and instilled — all the way from the C-suite to product and client-teams — and that takes time. In this episode, we speak to Thora Frost, senior manager of green finance at the Carbon Trust, a London-based consulting firm that works on climate change and sustainability issues. And we interview Matthew Townsend, partner at U.K. law firm Allen & Overy. "You have a blizzard of regulation and policy coming down the line, certainly over the next five years, and I don't see it letting up in many jurisdictions," Townsend says. Photo credit: Getty Images
8/20/202114 minutes, 42 seconds
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Defining green: What investors need to know about the EU taxonomy

If you’ve been following sustainability headlines over the past few years, chances are you’ve heard about the EU’s green taxonomy — essentially, a dictionary that defines how sustainable a business or sector is. It assesses more than 100 economic activities and is designed to steer companies as they adapt their business strategies to climate change, as well as help investment funds judge sectors based on their environmental performance. Investors will also have to disclose what percentage of their investments are in line with the taxonomy. The new regulation is expected to radically change how investors and companies report on their environmental performance. It will be enforced from 2022, which does not leave investors a lot of time to get up to speed. And the taxonomy is not quite finalized, with further regulation expected in 2023 — creating some big challenges for investors trying to navigate the changing sustainability landscape. To talk us through what investors can expect from the taxonomy, we spoke to Helena Viñes Fiestas, commissioner at Spain’s Financial Markets Authority. She’s also rapporteur of the EU Platform on Sustainable Finance, a body of experts from industry, finance and civil society who advise the EU’s executive arm on the future of sustainable finance policy in Europe. “I like to compare it a little bit with food products,” Helena says of the taxonomy. “If you market your product as low fat, it's only fair to ask how much fat it has and whether or not it's too much. This is exactly the same, where the taxonomy becomes the recommended daily intake.” Photo credit: Getty Images
8/13/202120 minutes, 19 seconds
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‘Unfathomable’: Why US investors, regulators are rethinking human capital management disclosures

Wall Street’s top regulator, the U.S. Securities and Exchange Commission, is in the early stages of creating a number of new ESG-related disclosure rules, including on the issue of human capital management.   Human capital management refers to the way that companies manage their workforce. It includes things like a company’s approach to hiring, recruitment, pay and benefits, and the working conditions a company provides. Right now, public corporate disclosures on these topics are voluntary in the U.S. But many investors say that leads to insufficient and inconsistent data.  “I think it’s unfathomable that, in this day and age, the only metric that companies are currently required to disclose is the number of people that they employ — especially when we talk to every company and they tell us that their human capital is their most important asset,” says Aeisha Mastagni, a portfolio manager in the sustainable investment and strategies group at the California State Teachers' Retirement System, one of the largest public pension funds in the U.S. “And yet we as investors have no way to measure that, benchmark that, compare it to other companies in our portfolio.”  In this episode, we explore the changing state of human capital data disclosure in the U.S., why some investors want disclosures to become mandatory, and what to expect from the SEC.   We also talk to securities and governance lawyers at the Philadelphia-based law firm Dechert and with Bryan McGannon, director of policy and programs at US SIF: the forum for responsible and sustainable investment.
8/6/202119 minutes, 15 seconds
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Record floods highlight climate risks to business in Europe's richest nations

In mid-July 2021, the heaviest rainfall in a century triggered intense flash floods and inundated several towns in Germany, the Netherlands and Belgium, causing at least 188 deaths. The floods in Europe are a reminder that although emerging markets are likely to be hit hardest by a temperature rise, richer countries in the northern hemisphere are far from immune from the effects of severe weather.   In this episode, we talk with experts to understand the biggest climate risks facing Europe's biggest economies, analyzing physical risk data from S&P Global Trucost.   Guests on the episode include Irene Lauro, an economist with asset manager Schroders; and Swenja Surminski who leads adaptation research at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics. And we talk to Berenberg Bank analyst Michael Huttner about how the floods could impact insurance companies.
7/30/202114 minutes, 42 seconds
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CSRD: EU's latest proposed addition to alphabet soup of sustainability regulation

The EU is working to reform its Non-Financial Reporting Directive, regulation introduced in 2014 requiring large companies to report on environmental and social issues, such as the impact of climate change on their business and the diversity of its board. The proposed new rules, called the Corporate Sustainability Reporting Directive (CSRD), would expand the reporting requirements and drastically increase the number of companies disclosing this information. CSRD would also make auditing of companies’ sustainability reports obligatory.   Corporations, regulators and investors increasingly recognize that environmental, social and governance risks need to be accounted for alongside financial risks when valuing a company. Investors are seeking consistent data and standards to guide them in their investment decisions around ESG factors. In this episode, we speak to Saskia Slomp, CEO of European Financial Reporting Advisory Group, or EFRAG, which advises the EU on the use of accounting standards within the bloc and which was asked by the European Commission, the EU’s executive arm, to develop proposals for the new directive. “The development of mandatory common sustainability reporting standards is necessary to progress to a situation in which sustainability information has a status comparable to that of financial information,” she tells us. “So many companies receive additional information requests for sustainability information from stakeholders."   Photo credit: Getty Images   Related past podcast episodes:    Banks’ big green EU taxonomy challenge https://podcasts.apple.com/us/podcast/banks-big-green-eu-taxonomy-challenge/id1475521006?i=1000511776202   EU revolutionizes sustainability regulation with SFDR https://podcasts.apple.com/us/podcast/eu-revolutionizes-sustainability-regulation-with-sfdr/id1475521006?i=1000514008934    
7/23/202116 minutes, 48 seconds
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What EU's proposed green bond standards could mean for market

The EU has proposed a European Green Bond Standard as part of its strategy to drive investment into sustainable finance and achieve net zero carbon emissions by 2050. The new rules will also aim to protect investors from greenwashing, which is when an investment is made to sound greener than it is. Although they represent a tiny fraction of the overall debt market, green bonds — debt that finances environmentally friendly projects such as wind farms or solar power — have grown rapidly over the last eight years, from virtually nothing in 2012 to nearly $300 billion in 2020. The EU is counting on further growth in the market to meet the targets in its European Green Deal, designed to mobilize at least €1 trillion of sustainable investment over the next 10 years. The rules will be tougher than other existing green bond guidelines because issuers will have to prove their green bonds are financing projects in line with the EU's "green taxonomy," a dictionary of sustainable activities. In this episode, we speak to Climate Bonds Initiative CEO Sean Kidney, who was part of an advisory group that helped shape the new rules. Regulation has “been right from the beginning, a feature of the development of the market. Issuers have followed the regulations, and it's grown to be a very large successful market,” he tells us.   Listen to our episode on the EU's green taxonomy: https://open.spotify.com/episode/5b3qx805nauyVGvcJo9Wsr   Photo credit: Getty Images
7/16/202118 minutes, 43 seconds
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The new task force in town: TNFD co-chair talks biodiversity goals

The world’s biodiversity is in peril and its loss poses big financial risks to businesses and the global economy. More than half of the world's economic output — or about $44 trillion — is moderately or highly dependent on nature, according to the World Economic Forum. Moreover, the collapse of biodiverse ecosystems could hurt global GDP by $2.7 trillion annually by 2030, the World Bank warns in a new report. Until recently, biodiversity loss was rarely viewed as a substantial risk to corporations. But that is changing and a new task force has been formed to help companies and financial institutions better understand the scope of the risk. The Task Force on Nature-related Financial Disclosures, or TNFD, aims to create a voluntary framework that companies can use to assess their nature-related risks and opportunities. In this episode, we talk with Elizabeth Mrema, who is co-chair of the TNFD, about the goals of the task force, how she envisions them being implemented and how biodiversity is inherently linked to climate change.
7/9/202117 minutes, 39 seconds
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How Cousteau's grandson is bringing oceans to ESG investors

More than 50 years ago, explorer Jacques Cousteau introduced millions of viewers to the marvels of the undersea world. In 2021, the ESG world is increasingly focused on biodiversity, and the oceans are a big part of that picture. Goods and services from the world's oceans and coasts are worth at least $2.5 trillion annually, while the overall value of the ocean as an asset is at least 10 times that amount, according to a 2015 estimate from the WWF. In this week’s episode, we interview Cousteau’s grandson, Philippe, the co-founder of a nonprofit called EarthEcho International that works on ocean health. “It’s important to start thinking about a restoration ethic and returning the oceans to abundance,” says Philippe. “For far too long, the environmental movement has been a movement of deprivation and doom and gloom. It has not been enough of a movement of opportunity and hope.” We also hear from Doug Heske, CEO of impact investing company Newday Impact that has teamed up with Philippe to promote ocean restoration, especially among younger investors. And we interview fund manager Paul Buchwitz from one of Germany’s largest asset managers, DWS, about how the company is aiming to ocean-related risks while tapping into new investment opportunities offered by ocean restoration projects. Photo credit: Getty Images
7/2/202117 minutes, 28 seconds
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Standard setters work to close climate accounting gaps

Investors are increasingly calling on companies to reflect climate-related risks in their financial results. In September 2020, global investor groups representing more than $103 trillion wrote an open letter asking companies and their auditors to include climate-related risks in financial reporting. Accounting standard setters and international auditing boards are also requesting that firms pay more attention to future climate risks when they produce their financial results. "There has been a big kind of anomaly there, almost a loophole, that climate has not been taken into account," David Pitt-Watson, executive fellow at Cambridge University’s Judge Business School, tells us. We also interview International Accounting Standards Board (IASB) Vice Chair Sue Lloyd about plans for a new international sustainability standards board. “I still talk to a lot of investors who are surprised that there isn't more information in the notes to the financial statements about the assumptions that have been used,” Sue says. And we speak to Veronica Poole of Deloitte for an auditor’s point of view. She says recent guidance the International Auditing and Assurance Standards Board (IAASB) issued on the topic of climate-related risk “is extremely valuable, and I think certainly should be looked at and used by auditors in their work as they challenge the assertions made by clients around the impact of climate change risks and opportunities on their business.”
6/25/202118 minutes, 9 seconds
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How Corporate America is waking up to racial equity

On June 17, 2021, U.S. President Joe Biden signed legislation making Juneteenth a federal holiday. In this episode, we’re looking at how corporate America is changing its approach to diversity — and race in particular. June 19th, or Juneteenth, marks the official end of slavery in the U.S. in 1865. But the ugly systemic racism that slavery was built on endures. In 2020, the murder of George Floyd put that racism front and center for the world. And in response, many companies begin publicly addressing race and inequality. One way that change has manifested itself is recognition of Juneteenth. In 2020, many companies started observing the holiday — including our own parent company, S&P Global. We spoke to Tamara Vasquez, Global Head of Diversity, Equity and Inclusion at S&P Global, about the company’s decision to observe Juneteenth and her experience of the growing intersection of business and diversity. And we speak to Rodney Sampson, professor, angel investor and nonresident senior fellow at the Brookings Institution. Rodney is also Executive Chairman and CEO of Opportunity Hub, a platform he co-founded to build inclusive ecosystems for innovation, entrepreneurship and investment. “We have a theory that until there's capital at stake, whether it's investment capital or revenue, companies aren't really going to double click and actually become transformative in their investment as it relates to their racial equity or Diversity, Equity and Inclusion,” Rodney says. Further reading from S&P Global: How The Advancement Of Black Women Will Build A Better Economy For All Image credit: Getty Images
6/18/202121 minutes, 44 seconds
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Here’s how you stress test for climate risk, according to France’s central bank

Regulators and supervisors around the world are increasingly concerned about the effects of climate change on financial stability. So they’re turning to climate stress tests to amass key data on financial institutions’ exposure to potential stranded assets and their ability to manage risk. Since the 2008 financial crisis, stress tests have become a critical tool for regulators to gauge how well banks can withstand hypothetical adverse scenarios, such as a sharp market downturn or an economic shock. Regulators can then determine, for example, whether banks need to hold more capital to protect themselves against risk. In a world first, the French central bank conducted a climate stress test on its financial sector. In this episode, we speak to Laurent Clerc, director for research and risk analysis at France’s Prudential Supervision and Resolution Authority, which conducted the tests in its role as the supervisory arm of the French central bank. “What is not necessarily perceived by institutions is the urgency,” Laurent tells us. “Delays in reshaping lending or delays in insurance policies might also delay the necessary transition.” Image credit: Getty Images
6/11/202114 minutes, 57 seconds
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Exxon board ouster over climate change has big implications. Here's why

Last week the ESG world saw a major shakeup at one of the world’s largest oil majors. Specifically, at Exxon Mobil’s annual proxy meeting, shareholders voted to replace three board members with directors put forward by a small activist investor group — known as Engine No. 1. The group claimed Exxon was not moving fast enough to address climate change and that the board needed a fresh perspective to steer the company in the right direction. Shareholders have threatened for years to oust board members if companies don’t move fast enough on climate change. But last week, they carried through on that threat. To better understand the implications of the vote for both Exxon and other companies, we talked with Andrew Logan, senior director of oil and gas at Ceres, which works with investors to press companies to tackle climate change. "I think this will certainly get the attention of other boards in this sector and beyond," Andrew said. "Nothing focuses the minds of a corporate director like the possibility that they might lose their job." Image credit: Getty Images
6/4/202113 minutes, 59 seconds
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Carrot and stick: Why companies like Chipotle are linking executive pay to ESG targets

What do Chipotle, an air conditioning company and one of the world’s largest activist investors have in common? They’re all tackling the challenge of how to incentivize executives to advance corporate sustainability goals. In this episode, we talk with Chipotle Head of Sustainability Caitlin Leibert about the company's plan to tie 10% of annual executive incentive bonuses to sustainability goals. Linking executive compensation to ESG goals is a way for companies to "put your money where your mouth is,” Caitlin says. But European activist investor Cevian Capital believes that many companies could make their ESG-linked incentives more robust and transparent, says Harlan Zimmerman, a senior partner at the firm. We also hear from Marcia Avedon, Trane Technologies’ Chief Human Resources, Marketing and Communications Officer, about how the air conditioner and heating company is looking to incentivize all its employees to act on its sustainability targets. "We are weaving sustainability...into everything we do as a company," Marcia says. Photo credit: Getty Images
5/28/202126 minutes, 12 seconds
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How companies are calculating financial benefits of intangible ESG programs

As more companies look to adopt ESG-friendly strategies, they sometimes run up against the challenge of finding the financial justification for doing so. Furthermore, opponents of ESG initiatives often question whether such efforts cost companies more money than it brings them. This is the heart of the debate over ESG – are companies sacrificing financial returns as they move to become more socially and environmentally responsible? A number of studies have found that companies with strong ESG practices tend to perform better. But it can be difficult to measure the financial impact of less tangible factors. For example, what’s the payoff of cutting your company’s emissions? What is the financial impact of expanding your paid sick leave? In this episode, we'll explore a methodology developed by the Center for Sustainable Business at the New York University’s Stern School of Business that helps companies put a price on things like employee retention, avoided costs, and improved insurance rates. The methodology is called the Return on Sustainable Investment, or ROSI. From the center's director Tensie Whelan, we'll hear how the methodology has helped companies understand the financial benefits of their ESG programs. And we'll talk with Kate Chisholm, the Chief Sustainability Officer at Capital Power, a publicly-traded independent power producer in Canada, that used the ROSI tool to assess its decarbonization strategy and decided to retire its coal-fired power plant fleet in 2023 as a result. ROSI "helps you put numbers where intuition was the best thing you could do before," Kate said. Photo credit: Getty Images
5/21/202121 minutes, 22 seconds
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New EU sustainable finance rules a ‘game-changer' for private equity

The European Union’s new Sustainable Finance Disclosure Regulation, or SFDR, is expected to drastically change the scope of sustainable investing by providing greater transparency and increasing disclosure. And this is a particularly big deal for the private equity world, which has historically relied on self-regulation. Broadly speaking, private equity refers to investments in or ownership of private companies, and in this episode, we ask how SFDR is impacting the private equity industry. We hear from Sophie Flak, managing partner in charge of ESG at French investment firm Eurazeo. Sophie was a member of an EU expert group that put in place some recommendations on SFDR. She says that the industry has a long way to go on ESG, and this new regulation will help drive progress and transparency. "But the road is a bumpy one,” she adds. We also talk to Andy Pitts-Tucker, who works closely with private equity firms in his role as managing director of APEX ESG Ratings. He expects that SFDR will require “a significant leap” for a majority of the industry. “ESG is quite new to a lot of people in the private market world,” Andy says. SFDR comes from the EU, but has a reach that extends far beyond Europe. Andy says international regulators are watching closely and learning. “It’s a game-changer,” he tells us. “What we’re certainly going to see is regulators around the globe adopting their own policies.” Photo credit: Getty Images
5/14/202119 minutes, 8 seconds
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How 4 of the world's biggest companies are turning net zero goals into action

We’ve seen an explosion of companies setting net zero targets in 2021. That prompted us to ask: What comes next? After you set a decarbonization goal, how do you go about meeting it and measuring progress? To answer these questions, we talked to some of the world’s largest companies — Walmart, AT&T, Duke Energy and State Street Global Advisors — in a recent S&P Global webinar. This episode of the podcast highlights some of the key takeaways we heard from those executives. Walmart Chief Sustainability Officer Kathleen McLaughlin tells us how the retail giant is working with thousands of suppliers to achieve zero emissions by 2040. AT&T Chief Sustainability Officer Charlene Lake talks about how the telecommunications giant is working up and down its supply chain to pursue its science-based target of reducing emissions. Duke Energy Chief Sustainability Officer Katherine Neebe explains how the utility, which has most of its emissions occur in the production of electric generation, is seeking the most reliable and affordable path to net zero. And we hear from Carlo Funk, the lead ESG Investment Strategist at State Street Global Advisors covering Europe, the Middle East and Africa regions. Carlo unpacks how the asset manager is engaging with companies to lower its portfolio emissions. Photo credit: Getty Images
5/7/202121 minutes, 18 seconds
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How some companies cut corners to achieve renewable energy targets 

Hundreds of companies around the world have made ambitious promises to purchase only wind, solar and other types of clean electricity to power their operations. But many of these corporations aren’t buying actual physical electricity from renewable sources. Instead, they are snapping up incredibly cheap instruments known as unbundled renewable energy certificates, or RECs, which allows them to make “100% renewable power” claims while continuing to emit greenhouse gases as before. The practice is also problematic because it does little to encourage the establishment of new wind or solar farms —not a good outcome in the broader fight against climate change.   In this episode, we talk to Max Scher, head of clean energy and carbon programs at software giant Salesforce, which used to buy RECs but no longer does so.   “My general fear here is that if we are hyper-focused on… purchasing RECs, we’re going to miss the hard work, the important work, on reducing energy consumption, thinking about siting of facilities on cleaner grids” and other real-world steps to lower the carbon footprint of corporations,” Max tells us.  We also hear from an analyst at Lazard Asset Management, and from Matthew Brander, a carbon accounting expert at the University of Edinburgh who cautions that buying RECS instead of actual renewable power can be “a very low-cost easy way of making it appear to have reduced emissions.” Photo credit: Getty images
4/30/202115 minutes, 44 seconds
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Banks turning green in pursuit of net zero

As countries across the world set out plans to bring their emissions to net zero by 2050, financial institutions are increasingly setting their own carbon neutrality goals. Limiting global warming to 2°C by 2050 will require $3 trillion annually in investment, according to an estimate by the Intergovernmental Panel on Climate Change, and banks will play an integral part in channeling that financing. To find out what banks are doing to get to their lending portfolios to net zero, we talk to Amit Puri, global head of environmental and social risk management at U.K.-based Standard Chartered, about the bank’s net zero ambitions. “We are really trying to figure out on a sector-by-sector basis, on a geography basis, where are we today, where is the baseline, and therefore what do we need to do to reduce emissions in line with the commitment that we have made?” Amit says. We also hear from executives at Natixis about a tool the French investment bank created to make its lending portfolio more sustainable. That approach “should help us to drive the entire portfolio of the bank toward a net zero balance sheet,” says Karen Degouve, head of sustainable business development at Natixis.   To learn more about our ESG Thought Leadership, visit the new S&P Global Sustainable1 website.   Photo credit: Getty Images
4/23/202124 minutes, 58 seconds
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Big Oil's 'bumpy ride' to net-zero

Major oil and gas companies are beginning to set aggressive decarbonization targets, but the path ahead for them is riddled with challenges. The latest episode of S&P Global's ESG Insider podcast takes a deep dive into what net-zero goals mean for those energy companies.   We'll hear from Ed Daniels, an executive vice president and the head of strategy at Royal Dutch Shell plc, about the company's plan for achieving net zero across its direct and indirect emissions. We also talk with Natasha Landell-Mills, the head of stewardship at Sarasin & Partners, a U.K.-based asset manager with more than £15 billion under management, about why the firm recently divested from Shell after years of engagement. And Simon Redmond, a senior director at S&P Global Ratings, explains the rating agency's decision to bump down the credit ratings of some companies in the oil sector, including Shell.   Photo source: Getty Images
4/20/202124 minutes, 3 seconds
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Shareholder proposals to watch this proxy season: climate, racial equity, stakeholder capitalism

Heading into the 2021 proxy season, investors are increasingly focused on equity issues, climate change, and the broader role of companies in society. Shareholders filed at least 435 ESG-related shareholder proposals for the 2021 proxy season, according to the respected Proxy Preview report.   In this episode, we explore three emerging shareholder proposals.   One asks companies to give investors a “Say on climate,” a variation on “Say on pay” resolutions that gained traction after the 2008 financial crisis. To learn more, we talk with Chris Hohn, a British billionaire hedge fund manager and philanthropist behind the “Say on climate” resolution.   We also hear from Tejal Patel, corporate governance director at CtW Investment Group, which is behind a resolution asking companies to perform racial equity audits.   "Even the most well-meaning board might be missing certain ways that their policies affect communities of color," Tejal says. Financial institutions, in particular, need to look for those blind spots "because they play such a critical role in our economy and in our society."   And we look at a proposal that asks companies to become "public benefit corporations" to further advance stakeholder capitalism. Stakeholder capitalism posits that companies are responsible for their role in society in addition to making money for shareholders, and the idea has gained traction in recent years. To read S&P Global's 2021 proxy report, click here.  Photo credit: Getty Images
4/9/202135 minutes, 11 seconds
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State Street Global Advisors expects a data ‘revolution’

Last week, State Street Global Advisors released its annual asset stewardship report. With nearly $3.5 trillion in assets under management, the firm is one of the world’s largest asset managers. In 2020, it voted in more than 19,000 meetings and engaged with over 2,400 companies. In this episode, we hear from Ben Colton and Rob Walker, co-heads of the firm’s asset stewardship program. They tell us about the themes the firm focused on in shareholder engagements in 2020, like COVID-19 response, supply chain resilience and racial and gender diversity. And they say that last one is poised for rapid change. "I believe that in the next six to 12 months, you're going to see a revolution in the quality and the quantity of data related not only to racial and ethnic diversity, but human capital management more broadly,” Ben says. They also talk about the emerging themes they’re engaging on in 2021 proxy season. The Taskforce on Climate-related Financial Disclosures, or TCFD, has become widely adopted. Now, Ben and Rob say investors are shifting their focus from baseline climate disclosures to the governance of environmental issues. State Street Global Advisors' latest asset stewardship report can be found here: https://www.ssga.com/library-content/pdfs/asset-stewardship/asset-stewardship-report-2020.pdf Photo credit: Getty Images
4/2/202119 minutes, 7 seconds
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Why companies, investors should be worried about water

World Water Day was March 22nd, and we’re marking the occasion by looking at the looming threat of water scarcity and the lack of investor appetite for financing water-related projects. According to the United Nations, 2.2 billion people globally lack safely managed drinking water, and 4.2 billion people do not have safely managed sanitation. The U.N. also warns that water scarcity could displace 700 million people by 2030. Access to clean water has become even more vital with COVID-19, which created a worldwide need for constant hand-washing. Water management is a risk for companies, too. S&P Global Trucost data shows that more than half of companies’ water usage comes from supply chains, so even companies operating in water-abundant regions can be affected by scarcity given the global nature of suppliers.  In this episode, we hear from Will Sarni, founder and CEO of water consultancy Water Foundry. Will says the world struggles to value water, which makes it difficult to secure capital investments in water technologies and solutions. To learn about some of the solutions that do exist, we talk to Emilio Tenuta, Chief Sustainability Officer at Ecolab, a provider of water and hygiene solutions. “We're seeing that disruptions and challenges to our water resources from climate change can have significant operational risk to businesses,” Emilio says. “It really impacts businesses and communities, whether it be operational costs for business, supply chain disruptions, growing constraints related to reputation and brand. Clearly, there's a growing concern for ESG investors who are investing in companies facing these challenges.” Ecolab just released an enhanced version of the Smart Water Navigator, a free, publicly available online tool that helps companies manage water risk using S&P Global Trucost data. Read a white paper co-authored by Ecolab and S&P Global Trucost on the topic of corporate water management here: https://ecolab.widen.net/s/8mlk7dwnsp/smart-water-navigator-working-paper Photo source: Getty Images
3/25/202125 minutes, 26 seconds
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EU revolutionizes sustainability regulation with SFDR

New sustainable finance disclosure regulations came into force in Europe on March 10 as part of the EU’s push towards making the economy greener. The new Sustainable Finance Disclosure Regulation, or SFDR, is expected to drastically change the scope of sustainable investing by providing greater clarity and transparency and increasing disclosure. Fund managers will now have to disclose environmental, social and governance risks in their portfolios, marking the first step in a vast EU plan to drive capital to meet sustainable goals. In the episode we talk to Nathan Fabian, Chairperson of the European Platform on Sustainable Finance and Chief Responsible Investment Officer at the Principles for Responsible Investment, or PRI, a United Nations-backed network of investors. He heads up the platform, a group of experts from industry, finance and civil society who advise the European Commission, the executive arm of the EU, on the future of sustainable finance policy in Europe. Listen to a previous episode of ESG Insider to learn more about Europe's new green taxonomy for sustainable activities. another ESG push by the EU: https://podcasts.apple.com/us/podcast/banks-big-green-eu-taxonomy-challenge/id1475521006?i=1000511776202
3/22/202114 minutes, 18 seconds
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Diversity data is lacking; New report seeks to fix that

Investors, customers and employees are paying increasing attention to corporate diversity. That was true for gender in the wake of the #MeToo movement, and it has been increasingly true of race following the death of George Floyd in the U.S. But data is lacking, especially around racial and ethnic diversity. In this episode, we explore a first-of-its-kind diversity report that provides a much-needed window into corporate diversity. This new report is the result of an Illinois law that requires public companies headquartered in the state to report on the gender, racial and ethnic representation among corporate leaders and boards of directors. In March 2021, the University of Illinois used the disclosures from this law to publish the first report card evaluating how companies are faring on diversity. You can access the report here. We interview Illinois Speaker of the House Chris Welch, who sponsored the diversity law. He called the report “a goldmine of data.” Speaker Welch said this data will help drive informed decisions. It will also put companies on public notice. “These companies spend a whole lot of money on their brands,” he said. “Having this information out there, companies know that they can be publicly shamed. It shows where their values are, and their customers are paying attention.” You can listen to our previous interview with Speaker Welch, from October 2020, here.
3/12/202113 minutes, 9 seconds
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Banks’ big green EU taxonomy challenge

Investors and banks have less than a year to comply with the European Union’s new taxonomy for sustainable activities. In this episode, we explore the challenges financial institutions face in applying the taxonomy to their portfolios — something the Biden administration is sure to be watching as it tackles its own climate goals. Starting in January 2022 investors must explain how they use the taxonomy to assess the sustainability of their investments. They will also have to disclose what percentage of their investments are in line with the taxonomy. The new regulation is expected to radically change how investors and companies report on their environmental performance.   We hear from Daniel Bouzas, a policy adviser at the European Banking Federation. We also talk to Hans Biemans, head of sustainable markets at Dutch bank ING Group, which took part in a recent study on how banks can apply the taxonomy to their lending.     Photo credit: Getty Images
3/5/202117 minutes, 13 seconds
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When climate science and business collide

Investor pressure is growing for companies and financial institutions to assess and disclose their exposure to climate risks such as wildfires, sea-level rise, hurricanes and other extreme weather events. But in a new report, a handful of climate scientists in Australia warn that many existing climate models are extremely nuanced and were not designed with a business-specific application in mind. In this episode of the ESG Insider podcast, we explore the challenges of using climate models in physical risk assessments. We speak with two authors of the report: Tanya Fiedler, who is a lecturer in the discipline of accounting at the University of Sydney, and Andy Pitman, a professor at the University of South Wales. We also talk with Steve Bullock, Global Head of ESG Product Innovation and Analytics at S&P Global Trucost. Trucost assesses risks relating to climate change and natural resource constraints with aim of translating those climate models and other data into information companies can use. Steve says financial market participants need some insight into the magnitude of these risks so that they can begin to take action. "Given the urgent need for action, having a blurry photograph of risk exposure is certainly better than having no visibility at all," Steve tells us.
2/26/202130 minutes, 17 seconds
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Global stimulus funds fall short of boosting green economy

Over the last year, 30 of the world’s richest countries have poured an unprecedented $14.9 trillion into stimulus spending to help revive their pandemic-hit economies. Some hoped that this massive wave of spending would turbo-charge investment in greener industries, such as electric cars, efficient buildings and renewable energy. But has that actually happened?  In this episode of the ESG Insider podcast, we take a closer look at how much global stimulus spending has gone to fighting climate change or protecting the environment. The upshot, according to new research, is that stimulus measures are continuing to have a net negative impact on the environment, mainly because so much of spending is directed at more carbon intensive-industries such as transportation, agriculture and energy. Just 12% of overall stimulus spending is directed at the green economy.  We talk to Jason Eis, executive director of Vivid Economics, a British research firm. Eis says there are signs that the “greenness” of stimulus spending is slowly improving, thanks in part to President Biden’s plans to invest in a greener recovery.  Photo credit: Getty Images
2/19/202117 minutes, 13 seconds
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A deep dive into BlackRock's net-zero plan

BlackRock CEO Larry Fink made waves in the ESG world last month by pushing companies to plan for a net-zero emissions future. His annual letter also committed to taking more concrete steps within BlackRock to enable the decarbonization transition. In this episode of the ESG Insider podcast, we dive into BlackRock’s own net-zero strategy. We talk to experts about what it means and how much further the world’s largest asset manager still needs to go. Fink has acknowledged that BlackRock has a carbon-intensive portfolio and is moving to change that. We'll hear from Kirsten Spalding, who leads the Investor Network at the sustainability-focused group Ceres. And we’ll also hear from Moira Birss, who is Climate & Finance Director at Amazon Watch. Her group is part of a network of NGOs and finance advocates that are pressing asset managers like BlackRock to align their business practices with a climate-safe world. Photo credit: Getty Images
2/11/202115 minutes, 29 seconds
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'Stakeholder capitalism,' the buzzword at Davos

Stakeholder capitalism — the idea that companies are responsible for their role in society in addition to making money for shareholders — has taken on new meaning thanks to COVID-19. It was the buzzword among major players in the ESG world like BlackRock CEO Larry Fink as well as heads of government at the Davos summit last week. In this episode of the ESG Insider podcast, we dive into stakeholder capitalism — what it means and what people were saying at the World Economic Forum's annual Davos gathering, which was virtual this year.  You'll also hear an interview with the World Economic Forum's Project Lead for ESG, Emily Bayley. She describes the story behind a set of new stakeholder capitalism metrics that more than 60 major companies just agreed to use in their mainstream reporting, such as annual reports and proxy statements. 
2/5/202114 minutes, 23 seconds
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Biden transition brings wave of ESG uncertainty, opportunity

New U.S. President Joe Biden has made climate change a priority and is setting the nation on a much more sustainability-focused path than his predecessor. Just days into his term, Biden had already has taken dozens of executive actions, including rejoining the Paris agreement on climate change and ordering a review of rules the Trump administration finalized in the last days of its term. In the latest episode of S&P Global podcast ESG Insider, we talk to experts about what the change of administration and the inherent regulatory uncertainty mean for sustainability-minded companies and investors. We hear from Josh Zinner, CEO of the Interfaith Center on Corporate Responsibility. ICCR, a global coalition of institutional investors, engages with corporations on a wide range of ESG issues. Zinner said climate-minded investors take the long view and ignored the Trump administration's deregulatory agenda in the expectation that the pendulum would eventually swing back in their favor, which it now has under Biden. We talk to Alex Bond, one of the regulatory leads at the Edison Electric Institute, a trade group for investor-owned electric utilities in the U.S. Bond said the sector has been focused on climate for years and that utilities, like investors, take a long-term view. And we interview former bank regulator John Geiringer, who said that the tone in the financial sector was already shifting to take climate risk more seriously, even before the administration change.   Photo source: Getty Images
1/28/202122 minutes, 56 seconds
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The ESG trends that will drive 2021

In this final episode of 2020, we'll talk with experts about what key ESG themes they expect to unfold in 2021. State Street Global Advisors’ EMEA Head of ESG Investment Strategy Carlo Funk outlines the firm’s ESG priorities for the year ahead, while proxy advisory firm Glass Lewis' Director of ESG Research Courteney Keatinge describes why COVID-19 will continue to be a key theme behind shareholder engagement in 2021. Trillium Asset Management CEO Matt Patsky talks about the continued need for robust data and how the incoming Biden administration could establish disclosure requirements. And we hear from Jeff Hales, who chairs the Standards Board at the Sustainability Accounting Standards Board, or SASB. He talks about how COVID-19 altered the way companies and investors think about human capital management issues like worker mental health and paid sick leave. As a result, SASB is considering changing the way it measures human capital management in its industry-specific sustainability standards.   Photo credit: Getty Images/Nora Carol Photography
12/31/202027 minutes, 30 seconds
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Risky business: Investors seek meat industry changes amid COVID-19

This special pre-Thanksgiving episode puts a spotlight on the meat industry that is supplying the turkeys and other poultry, pork, fish, and beef products many Americans will be feasting on for the holiday. The meat industry has been hard hit by COVID-19, as the pandemic has exposed frailties in everything from supply chains to production processes and associated greenhouse gas emissions levels to worker safety. In the episode, we talk with Jeremy Coller, the founder of the industry activist group Farm Animal Investment Risk & Return, or FAIRR, about these weaknesses. Coller also discusses progress his group and investors have made in convincing companies to tackle these risks, and the continued challenges the sector faces. Photo credit: Getty Images
11/23/202021 minutes, 52 seconds
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Financial regulators should act 'urgently' on climate, says CFTC commissioner

U.S. financial regulators need to step up in the fight against climate change, according to one of their own. Rostin Behnam, a commissioner at the U.S. Commodity Futures Trading Commission, talks to ESG Insider, an S&P Global podcast on environmental, social and governance issues, about a report released in September by a panel of nearly three dozen Wall Street, energy and sustainability executives and experts. In the report, the CFTC's Climate-Related Market Risk Subcommittee concluded that climate change poses a "major risk" to the stability of the American financial system and the broader economy. "U.S. financial regulators need to recognize this risk and move urgently and decisively to address" climate change," Behnam says in the episode. The landmark report included more than 50 recommendations calling on lawmakers and financial regulators across the U.S. to address climate risk. It has already sparked new conversations about the relationship between the financial industry and climate change. Oregon Senator Jeff Merkley, a Democrat, introduced legislation Oct. 21 that would ban financial companies from making new investments in fossil fuels, while citing the report from the CFTC subcommittee. And the New York Public Service Commission recently noted the CFTC panel's findings when discussing whether to require annual reports from major electric and gas utilities on their climate-related risks. "Climate change is not linear in many respects," Behnam said. "It's not comparable to a traditional financial analyst's work when they evaluate public companies or risk more generally. So we have to, both the public sector and the private sector, adapt to climate change over the years. Nothing is clearly predictable. We do have a sense that climate change will get worse if we don't change our patterns." Photo source: Busà Photography via Getty Images
10/28/202019 minutes, 3 seconds
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The New 'Sandwich Generation': New York Hospital Exec Says Pandemic Will Force Rethink of Eldercare

Pictured is Pamela Sutton-Wallace and her two daughters. In this episode, we bring you an exclusive interview with Pamela Sutton-Wallace, a healthcare executive at a New York City hospital that is one of the largest in the U.S. She took on the role just weeks before the pandemic turned the city into a coronavirus hotspot.   Sutton-Wallace shares her decades of personal and professional experience as a leader in the healthcare industry while raising her children. She tells us how she expects the coronavirus will change family leave policies. She talks about the guidance she gives to women looking to advance in their careers while balancing demands of childcare and caring for aging relatives. And she discusses the demands on the “sandwich generation” — adults caring for an aging parent who are also raising children or supporting them financially. Sutton-Wallace has two college-age daughters and her own mother lives with her. This is the second in a two-part series in which ESG Insider explores the ways corporate America is responding to COVID-19 and finding ways to retain employees. In the first part, we discussed research into gender, parental leave and family caregiving policies in the U.S. private sector, which S&P Global conducted in partnership with AARP.
10/22/202034 minutes, 2 seconds
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How COVID-19 is forcing big changes for parents, family caregivers

In this special episode of the ESG Insider podcast, we explore how corporate America is responding to COVID-19 with new policies for employees caring for children and elderly relatives. S&P Global partnered with AARP to research how leave policies are evolving in the U.S. private sector as part of S&P Global’s #ChangePays initiative, which produces research about the benefits of increasing women participation in the work force. In the episode we unpack that research, which found the pace of change has accelerated rapidly amid the pandemic.   We also hear from women who are on the ground balancing childcare, virtual schooling and elder care alongside demanding careers amid the pandemic. The episode features interviews with Pamela Sutton-Wallace, an executive at New York-Presbyterian, one of the largest hospitals in the U.S.; Microsoft Corporate Vice President Rani Borkar; S&P Global Market Intelligence President Martina Cheung; and Arjuna Capital co-founder Natasha Lamb.
10/19/202028 minutes, 8 seconds
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Duke Energy CEO explains new climate, environmental justice moves

Duke Energy Corp. President, CEO and board Chair Lynn Good sat down for an exclusive interview just hours after the electric utility company held its first ESG investor day on Oct. 9. Lynn talked to ESG Insider, an S&P Global podcast about environmental, social and governance issues, about Duke’s evolving climate strategy. She also explained how the company is handling social issues ranging from racial tensions to working with customers who are struggling to pay their electric bills during the pandemic. At the ESG investor day event Duke announced several new initiatives including a methane emissions target, a climate-focused executive compensation metric and efforts to craft "principles for environmental justice." In the latest episode of the ESG Insider podcast, Lynn took a deeper dive into the compensation metric and environmental justice principles. She also defended the company's decision to build more natural gas plants despite having a net-zero emissions target. Lynn said that technologies such as battery storage are not where they need to be to make up for performance gaps in solar and wind. Therefore, "we see a need to use natural gas” to meet those needs — “probably in the medium term," , she said. But Lynn added that the company will continue to test that assumption as technologies develop. Lynn also said heightened racial tension in the U.S. is prompting Duke to reexamine diversity. Duke is "turning our attention into more rapid progression of minorities and women into the company into leadership in a way that this event has really catalyzed our good intentions to encourage us to move as quickly as we can," Lynn said. Photo source: Duke Energy
10/15/202030 minutes, 45 seconds
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The 'name and shame' game: How 2 state laws tackle corporate racial diversity

Illinois and California have passed new corporate racial diversity laws to prod publicly traded companies to embrace racial diversity on their boards. In this episode of ESG Insider, an S&P Global podcast about environmental, social and governance issues, two of the lawmakers behind the bills explain why the move was needed and could have ramifications beyond their state borders. "Companies are responding to the public shame and making changes," Illinois State Representative Chris Welch said, explaining how the 2019 state law he sponsored requiring companies to report on their race metrics will be effective. "Public shaming works."   In the U.S., the national dialogue has turned to race in 2020. Following the death of George Floyd while in police custody, companies have paid more attention to systemic racism and diversity in their own ranks. Investors are also increasingly talking about this topic as a human capital management issue.   While the Illinois law does not mandate companies be racially diverse, it directs them to publicly disclose the racial, ethnic and gender diversity of their boards of directors by the end of this year. And then, starting in March 2021, the University of Illinois will publish a report card evaluating how companies are faring, which Welch said will be used to name and shame companies that are not up to snuff.     "Everyone appreciates collecting data and making further decisions based on that data," Welch said. "I think this is going to become model legislation that you'll see in other states."   California has also taken action to promote corporate board diversity. In the episode, we interview California Assemblyman Chris Holden, who co-authored a law passed in September of this year that expands the state's diversity requirements for the boards of publicly traded companies to include people who identify as being a part of a racial minority, an Indigenous community or the LGBTQ community. Holden said that companies should have no trouble finding qualified director candidates and noted that studies have shown companies with diverse boards generally perform better.   The California law also includes a disclosure mandate. Specifically, it requires the California Secretary of State to track and publicly report compliance with the law as well as levy fines for noncompliance.
10/8/202031 minutes, 20 seconds
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Walmart sustainability head talks climate change, supply chain strategy

The coronavirus has slammed the retail sector and caused many companies to go out of business. But the pandemic has been a catalyst for growth at Walmart Inc., one of the world's largest retailers. The company's e-commerce sales jumped 97% in the second quarter as consumers hibernated at home and relied increasingly on online shopping. That growth also means an expanding carbon footprint. In this special Climate Week episode of ESG Insider, an S&P Global podcast, we talk to Walmart’s chief sustainability officer, Kathleen McLaughlin. She says the company is making significant strides toward the goals of Project Gigaton, its initiative to eliminate 1 billion metric tons of greenhouse gases by 2030. Walmart has enlisted more than 2,300 of its suppliers, including Unilever, Johnson & Johnson and Fruit of the Loom, to cut greenhouse gas emissions. "Our goal is to rewire the way that supply chains function so that the production of the products that all of use every day is actually sustainable," McLaughlin tells ESG Insider. Photo source: Walmart
9/23/202025 minutes, 4 seconds
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Why one big asset manager dropped companies over lobbying

Companies that lobby against climate-friendly laws and policies are putting the overall goals of the Paris Agreement on climate change at risk and have a "weak recognition of the challenges ahead," Jan Erik Saugestad, CEO of Norway's largest private investment firm Storebrand Asset Management AS, said in an exclusive interview. In the latest episode of ESG Insider, an S&P Global podcast about environmental, social and governance issues, Saugestad talked about the new climate policy Storebrand Asset Management, a subsidiary of insurer Storebrand ASA, announced in August. Many banks and asset managers have announced plans to divest from carbon-intensive companies or cease financing certain fossil-fuel projects and companies, but Storebrand took its divestment strategy a step further. The Norwegian investment firm, which has more than $90 billion in assets under management, opted to exit investments in companies that it judged to have lobbied against climate change policies. The companies it divested from for alleged anti-climate lobbying practices include Exxon Mobil Corp., Chevron Corp. and Southern Co. Under its new policy, Storebrand also will no longer invest in companies that earn over 5% of their revenues from coal or oil sands, although Saugestad in the interview noted his firm has made some exceptions to that rule. The asset manager also plans to increase capital flows into low-carbon, climate-resilient and transition companies and provide clients with a range of sustainability and low-carbon funds to help them decarbonize their portfolios.
9/21/202023 minutes, 51 seconds
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The ESG implications of a proposed US Labor Department rule

The U.S. Department of Labor received thousands of comments on a newly proposed rule that says sustainable investments still need to put financial performance first to have a place in corporate retirement plans. Some say the proposal would put needed guardrails in place around an increasingly popular investment product, but others argue that the rule will hamper ESG options in pension funds. We talk to sustainability experts on both sides of the debate in the latest episode ESG Insider, an S&P Global podcast about environmental, social and governance issues. The Labor Department in June proposed requiring company-sponsored retirement accounts such as 401(k)s and pension plans that are subject to the Employee Retirement Income Security Act, or ERISA, to give a higher priority to funds with the greatest financial performance potential than to those focused on non-financial environmental and social considerations. The vast majority of comments the DOL received in July were in opposition to the proposal, according to an analysis by a number of organizations including the US SIF: The Forum for Sustainable and Responsible Investment. Christian McCormick, director and senior product and sustainability specialist at asset manager Allianz Global Investors U.S. LLC, notes that sustainable funds have grown exponentially. Morningstar Inc. reported that the money invested in sustainable funds increased nearly fourfold in 2019 from the prior calendar year to a total of $21.4 billion. In comparison, the World Business Council for Sustainable Development, or WBCSD, has indicated that in 2019 only 4.8% of Fortune 1000 companies offered a socially-responsible fund option for employee retirement plans. Given the rising popularity of ESG funds, McCormick suggests that the Labor Department may be trying to act early before the trend spreads and takes hold in retirement plans. If the agency were to wait until more companies offered ESG fund options, it would face much more push-back "because it would require a lot of cost to then change investment lineups [and] require a lot of regulatory and perhaps even litigation costs for plans that have already added it," McCormick says in the interview. But William Sisson, executive director of the CEO-led WBCSD, contends that the new rule would make companies even less likely to offer ESG fund options. "This ruling is going to perhaps put some brakes on that because it's going to raise ... some flags to the fiduciaries in our companies about concerns over the litigation risk and other factors that they'll have to pay attention to if this ruling goes forward," he tells ESG Insider.
8/26/202022 minutes, 13 seconds
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European banks sharpen ESG focus as COVID-19 highlights risk

ESG Insider interviewed sustainability leaders at some of Europe’s largest financial institutions: BBVA in Spain, BNP Paribas in France and Barclays in the U.K. This is the third in a three-part miniseries that features interviews with some of the biggest lenders around the world about how they're adapting their ESG strategies amid COVID-19. In Europe, climate change remains in sharp focus for banks despite the current coronavirus crisis. As scientists caution that deforestation and destruction of nature could lead to more pandemics, some banks are increasing their focus on environmental issues like biodiversity.   Listen to the episode to hear the interviews, and subscribe to ESG Insider to catch future episodes.    (Photo: AP) 
7/31/202017 minutes, 11 seconds
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Head of major US gas utility outlines path to net-zero emissions

"This isn't just a pie-in-the-sky commitment or announcement. This is something that we spent a lot of time researching and analyzing and studying," DTE Gas Co. President and COO Matt Paul said of the company's plan to achieve net-zero emissions by 2050.   Paul made the comment in an exclusive interview with ESG Insider, an S&P Global podcast about environmental, social and governance issues.   DTE Gas parent company DTE Energy is among the largest electric and gas companies in the U.S. and serves 2.2 million electricity customers and 1.3 million gas customers in Michigan. In June, it expanded its existing goal of achieving net-zero greenhouse gas emissions by 2050 to also include its natural gas distribution and gas retail sales operations. The company joins a growing list of U.S. electric and gas utilities that have made deep decarbonization pledges.   But achieving net-zero emissions can be a complicated feat and requires different strategies for different types of companies. For example, electric utilities can reduce the majority of their carbon emissions by retiring coal-fired power plants and replacing that generation with wind, solar and battery projects. However, not all companies have the option of changin​g their power fleet to achieve their goal.   In the interview, Paul detailed DTE Gas' strategy for achieving net-zero emissions within its operations and from suppliers, such as oil and gas drillers and owners of major interstate pipelines that transport the gas to its distribution system. Paul also noted that DTE Gas is looking to help customers who use natural gas for home heating and other purposes offset their associated emissions.   Paul said that the company will need to rely on carbon offsets for a portion of its goal and described how DTE Gas is already taking steps to ensure those options are available for the future.   Listen the episode to hear the full interview, and subscriber to ESG Insider to catch future episodes.    (Photo: AP) 
7/27/202023 minutes, 29 seconds
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COVID-19 shows many ESG agendas have 'forgotten about the people'

"Sustainability was always around people, planet and profit. I just think for the longest time we've forgotten about the people," said Mikkel Larsen, chief sustainability officer at Singapore-based " data-original-title="">DBS Group Holdings Ltd., in an interview for the latest episode of "ESG Insider," an S&P Global podcast. In the coronavirus pandemic, Larsen said, "We've been reminded that you can't have one without the two others." Larsen said the pandemic has brought social issues to the forefront as companies grapple with the way they treat their employees, customers and those in their supply chains. "What we now see under COVID-19 is that companies who don't take [care] of their employees will not have a sustainable company to run," he said in the interview. In Asia, where millions live in abject poverty, Larsen cautioned that the climate agenda cannot come at the expense of people. DBS stopped financing coal-fired power plants, but only after finding price-competitive renewable energy alternatives. "We were not willing to accept that lack of electricity — we are in Southeast Asia where 65 million are still without electricity — was necessarily going to be the trade-off," Larsen said. In other industries, such as aviation and cement, good alternatives are not yet clear. But Larsen said banks like DBS can take steps to help clients transition to more sustainable business models. "I think the right thing to do is to back those that are taking the right steps to decarbonize," he said.   Going forward, Larsen expects rapid growth in ESG investing in Asia. He said this is partly due to growing investor demand and partly due to rising pressure from regulators in the region. "You've seen around Asia a number of regulators stepping up, and they're not deterred particularly by the COVID-19 crisis," he said. "Introduction of carbon taxes, introduction of incentives for going green, requirements for banks to show how much of their book is 'green' and 'brown'...China's ability to offer a discounted rate at the discount window if you have green assets — all these things will spur the movement." The episode is part of a series of podcasts exploring how banks in different parts of the world are adapting their environmental, social and governance strategies amid the coronavirus pandemic. DBS is the largest bank in Southeast Asia. In the " data-original-title="">last episode, we heard from " data-original-title="">JPMorgan Chase & Co. Head of Sustainability Marisa Buchanan about how the largest U.S. bank is responding to systemic racism and re-upping its focus on climate change following pandemic disruptions. In the next episode, we'll hear from some of the largest banks in Europe about their ESG approach. Listen to the episode, and subscribe to ESG Insider to catch future episodes.  (Photo: AP) 
7/20/202025 minutes, 44 seconds
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How the biggest US bank is adapting its ESG approach amid COVID, racism

Climate change took "a bit of a backseat" during the first several weeks of the coronavirus pandemic as "governments and businesses frankly were really just focused on survival," JPMorgan Chase Head of Sustainability Marisa Buchanan said in an exclusive interview in the latest episode of "ESG Insider," an S&P Global podcast. "As economies begin to rebuild [and] businesses have greater ability to focus on these issues, we're going to see budget and bandwidth come back hopefully," Buchanan said. The episode is part of a series in which we talk to some of the world's biggest lenders about how they are adapting their environmental, social and governance strategies amid COVID-19 and widespread protests against racism following George Floyd's death in the custody of Minneapolis police. Listen to the episode to hear to the full interview, and subscribe to ESG Insider to catch future episodes.  (Photo: AP)
6/30/202019 minutes, 45 seconds
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Why S&P Global Ratings sees ESG as critical to COVID-era credit quality

More than 370 credit rating actions taken by S&P Global Ratings since March have been driven by environmental, social and governance factors as a result of the COVID-19 pandemic, S&P Global Ratings' Americas Team Leader for Sustainable Finance Michael Ferguson said in an exclusive interview for the latest episode of "ESG Insider," an S&P Global podcast. Companies in nearly every sector have been hard hit by the economic impacts of the pandemic and many have seen their credit rating downgraded as a result. The majority of ESG-related actions S&P Global Ratings took in recent months were tied to social factors, such as how businesses are being impacted by social distancing and workforce challenges, Ferguson said. "Managing ESG risk is critical ... because it is a central piece of understanding credit quality," he explained. Many ESG risks such as climate change play out over the long term, giving companies time to plan and adapt. But the pandemic is forcing companies to pivot and act quickly in relation to things like supply chain management, Ferguson explained. Some ESG-related deterioration in credit quality resulting from COVID-19 is inevitable given the pandemic circumstances. "Certainly the idea that people are going to social distance means that they're not going to go to casinos, they're not going to go to restaurants, they're not going to get on planes for a little while. That's going to impair credit quality," Ferguson said. But management teams do have control over their response to the virus, such as mitigating risks related to workforce and safety — and that is something ratings analysts will be watching closely as companies emerge from the crisis. "Companies that are not particularly cautious about how they reopen and do so hastily and without taking the proper precautions," face significantly heightened social risks, Ferguson cautioned. Listen to the episode to hear the full interview, and subscribe to ESG Insider to catch future episodes!  (Photo: AP) 
6/23/202020 minutes, 33 seconds
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Investors press Amazon, other companies on COVID-19 workforce concerns

Investors are moving to hold companies such as Amazon more accountable on workforce management during the COVID-19 crisis, Fiona Reynolds, the CEO of PRI, or the Principles for Responsible Investment, said in an exclusive interview for the latest episode of ESG Insider, an S&P Global podcast. To prevent the spread of the coronavirus, many governments have ordered social distancing and for people to stay home, with exception to essential workers. But this has meant that many companies that relied on people traveling, shopping, going out to eat for their revenues have experienced significant financial problems and many have furloughed or have been forced to lay off employees. PRI's hundreds of signatory investors that collectively manage about $90 trillion in assets are "extremely concerned about what's happening within the workforces within the corporations that they're invested in," said Reynolds. PRI has organized focus groups aimed at helping investors engage with companies on coronavirus issues, including by asking questions of the companies at their annual shareholder meetings. "We need to be stronger on social issues and human rights and make sure that the companies that we invest in understand that we care about the workforce," Reynolds said. "Because we know from all of the evidence, the academic evidence that is out there, (that) when you have a company that has happy employees, you're a better company and you perform better." Reynolds also outlined how she envisions investor and government expectations might change on workforce issues coming out of the coronavirus crisis. PRI is a project the United Nations launched in 2006 that has evolved into an international network of investors who have agreed to apply six sustainability principles to their investment decisions and practices. Also in the episode, Reynolds and S&P Global Market Intelligence e-commerce reporter Katie Arcieri outline the pressure Amazon has come under for worker safety issues both from employees and investors and how the company says it is working to address those concerns. (Photo: AP) 
6/11/202029 minutes, 54 seconds
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'No board in America wants to face that': Proxy reform, Fink's letter and ESG

Wall Street's top regulator is moving to fundamentally reshape the proxy process, one of the key avenues shareholders use to engage with companies on environmental, social and governance issues. In the latest episode of ESG Insider, a podcast hosted by S&P Global, we talk to stakeholders about what the proxy rule changes the U.S. Securities and Exchange Commission is weighing could mean for companies and investors. Some investors worry that proposed rule changes could make it harder for shareholders to engage with companies through the proxy process. "When you cut off the opportunities for new ideas to emerge ... you are denying the marketplace the opportunity to vet those ideas and the marketplace will be poorer for it," says Jonas Kron, director of shareholder advocacy at Trillium Asset Management, a firm that uses ESG factors to manage about $3 billion in assets and has submitted shareholder resolutions at major companies. Advocates for change say proxy rule updates will bring needed sanity to a process that has morphed into a political tool. " The shareholder proposal process in our viewpoint has been subverted over the last several years from being one of a communications device between shareholders and companies ... and instead is being used by certain special interest activists to push agendas or issues that they can't make progress on in Washington," says Tom Quaadman, executive vice president at the U.S. Chamber of Commerce's Center for Capital Markets Competitiveness, discussing why the chamber has lobbied for these changes. Regulators are actively considering proxy rule modifications, but some say the private sector — not government — will provide the biggest catalyst for change. In early 2020, BlackRock Inc. CEO Larry Fink wrote a game-changing annual letter urging chief executives around the world to make more robust ESG disclosures using existing frameworks from the Sustainability Accounting Standards Board, or SASB, and the Task Force on Climate-related Financial Disclosures, or TCFD. BlackRock is the world's largest asset manager and its CEO has considerable clout, explains Robert Jackson, who recently finished his term as an SEC commissioner. "Companies across America right now I can assure you are talking seriously about what they have to do to come in compliance with those standards because if they don't, they're going to face a skeptical BlackRock come proxy season next year," Jackson says in an interview with ESG Insider. "Almost no board in America wants to face that." Listen to the episode, and subscribe to ESG Insider on Soundcloud, Spotify, Apple Podcasts, or wherever you get your podcasts.  (Photo: AP) 
3/9/202020 minutes, 34 seconds
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These are the top issues the ESG world is focused on in 2020

"Baby steps are equivalent to nothing in this day and age.” This is what Mindy Lubber told ESG Insider, an S&P Global podcast about the environmental, social and governance issues shaping company strategies and investor decisions. Lubber is CEO of sustainability nonprofit Ceres, and she was talking about how slowly many companies are reacting to climate change and disclosing their environmental risks. In this first episode of 2020, ESG Insider talked to Lubber and other key stakeholders across the ESG world about the issues they are focused on in the new decade. The sluggish response to rapidly worsening climate risks was a recurring theme. "Given the immediacy of climate change, I am constantly surprised at the slow reaction of the markets of institutional investors," said Christopher Ailman, chief investment officer of the California State Teachers' Retirement System. CalSTRS is the 2nd-largest U.S. pension fund with a $248 billion investment portfolio. Even companies that recognize the threat of climate change continue struggling with how to measure and disclose it. The lack of relevant, quality and comparable ESG data was another recurring theme among attendees of Sustainable Finance Week, a series of events in New York City where policymakers, asset owners and managers and corporations from around the globe convened in December. "CEOs are thinking about it. Insurance companies, frankly, are already pricing it in. Investors need to wake up and recognize this is a factor they've got to think about in their portfolio," Ailman told ESG Insider. The lack of standards continues to create survey fatigue. Corporations are devoting a lot of time and money to filling out surveys from all different stakeholders about their ESG data — a common refrain at ESG conferences. The Sustainability Accounting Standards Board is working to address this problem. SASB is a U.S. nonprofit organization developing disclosure standards for material ESG factors, and ESG Insider spoke to Jeff Hales, chair of SASB's Standards Board, during the group's annual symposium. There is a potential upside to survey fatigue, however, as we hear from the head of U.S. stewardship and sustainable investing for Legal & General Investment Management America in the episode. Listen to the episode, and subscribe to ESG Insider on Soundcloud to catch future episodes. (Photo: AP)
1/14/202022 minutes, 3 seconds
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Inside the campaign to end forced labor in Uzbekistan's cotton fields

In this episode of ESG Insider, S&P Global Market Intelligence reporter Gautam Naik takes listeners inside the campaign to end forced labor in Uzbekistan's cotton fields. He visited Uzbek cotton fields during the 2019 harvest, sat down with human rights activists and interviewed government ministers trying to change the system. A decade ago, Uzbekistan forced more than one million doctors, teachers, nurses and even schoolchildren to head out into the fields each autumn and bring in the cotton crop. Back then, a good chunk of Uzbek cotton – produced under harsh conditions of forced labor -- ended up in thousands of shirts, jeans and shoes sold by western fashion brands. But as more and more companies stopped using Uzbek cotton, something unexpected happened: the government backed down and decided to aggressively roll back its state-sponsored forced-labor regime. For investors and asset managers who worry about the risks of labor exploitation in consumer supply chains, the Uzbekistan cotton story is a rare thing -- a vivid example of how corporate pressure can lead to enduring change in the global fight against forced labor. Listen to the episode to learn more, and read the story on spglobal.com: https://bit.ly/2sCX1Wq Subscribe to ESG Insider to catch future episodes. (Photo: AP)
12/19/201917 minutes, 36 seconds
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PE's approach to ESG evolving, but could be mandatory in future

Private equity investors are paying increasing attention to environmental, social and governance factors and in response many firms are implementing strategies to ensure portfolio companies are screened against ESG factors. This focus is likely to intensify and could even become a requirement for a fund over time, representatives from some of the world’s most prominent private equity firms say in the latest episode of ESG Insider, an S&P Global podcast. At The Blackstone Group Inc., the world’s largest alternative investment firm, the ESG strategy is focused on making low-cost and no-cost operational improvements in its portfolio companies — in particular looking for ways to reduce energy and water consumption, and improve efficiency and reduce costs through the operation and maintenance of equipment. "An example of this work [is] we can look at our investment in the Cosmopolitan hotel in Las Vegas, where we really went in there and helped with energy and water consumption reduction programs, implementing LED lighting throughout the hotel, increasing their recycling rates and improving waste separation efforts just to boost that," Blackstone Global Head of ESG Alison Fenton-Willock tells ESG Insider. ESG considerations are nothing new for many private equity firms, but the industry’s approach is evolving. KKR & Co. Inc., another big alternative asset manager, launched a program over a decade ago focused on supply chain through the lens of issues like worker wellness, transparency and anti-corruption. Over the next 10 years, ESG methodology will be an "absolute requirement" for every general partner, or GP, according to Hamilton Lane Inc. managing director Ana Lei Ortiz. The alternative investment management firm, which invests in private equity funds on behalf of its limited partners, or LPs, performs ESG due diligence on the firms it backs and monitors for adherence with ESG standards across a fund's lifecycle. "[In 10 years GPs] will have to have very clear policies, they'll have to disclose a whole lot of information," Lei Ortiz says. “They won't be able to raise a fund if they're not able to address these basic questions." Subscribe to the ESG Insider podcast to catch future episodes. (Photo: AP)
12/16/201915 minutes, 42 seconds
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The problem with social audits

Social audits are used by consumer goods companies to identify potential human rights abuses, labor violations, and other ESG risks in their supply chains. But critics argue that social audits fall short of their stated objectives. In this episode of ESG Insider, we explore the social audit process and talk to experts about flaws in the system. (Photo: AP)
11/25/201922 minutes, 58 seconds
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How a non-profit is using technology to fight child labor in the cocoa industry

Child labor has been a longstanding scourge in the $100-billion cocoa industry for more than two decades. Despite efforts by U.S. Congressmen, African governments, the world’s biggest chocolate companies and various non-profit groups, it has been a tough nut to crack. In this episode, we look at program that actually seems to be having an effect. It uses a network of smartphones to identify child laborers on thousands of remote farms in Ghana and the Ivory Coast. It then tries to persuade farmers to stop using their children on farms and to send them to school instead. You will hear from cocoa farmers in Ghana, from Nestle, maker of KitKat, and a Swiss non-profit group called the International Cocoa Initiative, or ICI, which co-founded the program. (Photo: AP)
10/28/201914 minutes, 24 seconds
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New EU taxonomy helps investors, companies identify green investments

A proposed new European Union green classification system would help investors and companies identify and make environmentally friendly decisions and may evolve over time to include rules for social and governance-related investments, experts explain on the latest episode of ESG Insider, an S&P Global podcast. The taxonomy, which the European Commission released for comment in June, "sits at the heart of the EU's action plan on sustainable finance and it's really the essential definition by which we can all judge whether something is green and sustainable or not," said Richard Mattison, CEO of Trucost, which is part of S&P Global Market Intelligence. Mattison, who worked with the EU to craft the recommendations for the taxonomy, also outlined ways companies and investors are likely to apply the rules. And he indicated the policy may be refined and expanded over time to cover a more comprehensive list of social and governance issues such as gender diversity and forced labor. Also in the episode, we talked to Sean Kidney, CEO of the Climate Bonds Initiative, which has its own taxonomy for green bonds. Kidney said the EU's classification system could open up the green bond market to a whole new set of issuers. The EU taxonomy has broader implications too, according to June Choi, a research analyst at the Climate Policy Initiative. "The fact that the EU is taking such a high-level action on climate change sends a very important policy signal, not just for sustainable investors, but to the society in general, because it shows ... a certain level of political resolve to tackle climate change," Choi said. To catch future episodes of ESG Insider, subscribe on Soundcloud, Spotify or iTunes. (Photo: AP)
8/22/201927 minutes, 18 seconds
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SEC's Peirce worries ESG movement could hinder corporate performance

The environmental, social and governance movement could weaken the performance of companies that have already done a lot of good for society, Commissioner Hester Peirce of the U.S. Securities and Exchange Commission said in an exclusive interview for the latest episode of ESG Insider, an S&P Global podcast. Peirce said she worries some managers use companies as their "personal piggy bank" in the name of fulfilling social objectives and she worries that trend could grow as millennials move up the corporate ranks. "I have nothing against millennials and I think it's great they're passionate about a lot of causes," Peirce said. "But I think we shouldn't throw the valuable corporate form out the door at the same time that we're realizing that there are a lot of things that are important in life." The SEC is considering changing the rules underlying the proxy process in which companies hold annual meetings with investors each spring. At those meetings, investors vote on key governance issues and sometimes on resolutions that shareholders have submitted. "We want to get the calibration right so that some shareholders are not subsidizing the pet issues of a few smaller shareholders," Peirce said. The agency has indicated that it could propose rules on the process as early as spring 2020, including potentially related to the thresholds for submitting and resubmitting resolutions and regarding influential proxy advisory firms that many asset managers use to track and vote on resolutions. But shareholder rights advocates worry raising the threshold could hinder their ability to get emerging issues on the radar of company boards and management. Sanford Lewis, a lawyer and director of the Shareholder Rights Group, in the podcast contends the current resubmission thresholds are working fine and points to examples of how shareholders rejected fringe issues in annual meetings this year. In the interview, Peirce also noted that she is mulling options for pulling the SEC entirely out of the process of answering companies' requests to block certain shareholder resolutions that the companies argue are not permissible under the agency's proxy rules. We talked with Tim Smith, Director of ESG Shareowner Engagement at Walden Asset Management, about the potential that the SEC will stop weighing in on resolutions, and whether companies and investors are clamoring for that change. The episode also dives into how climate-related resolutions played out this year at key energy companies including at BP PLC, Royal Dutch Shell PLC, Exxon Mobil Corp. and Chevron Corp.
6/24/201926 minutes, 31 seconds
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Post ‘Me Too’ movement, gender pay equality efforts gain momentum

"The environment in which the debate is happening, it's not like it was 10 years ago. We're in the midst of a 'Me Too' movement, we're in the midst of a very, very public discussion about equal pay." This is what Rep. Rosa DeLauro told S&P Global Market Intelligence about why she recently reintroduced the Paycheck Fairness Act and why she thinks it has momentum as it heads to the Senate. It has has already been a big year for pay equity advocates: In January, Citigroup Inc. became the first bank to disclose its median gender pay gap, while actress Michelle Williams made headlines when she spoke on Capitol Hill about her personal experience being paid far less than her male costar. DeLauro hopes to build on that momentum. The Democrat congresswoman from Connecticut is one of several experts we interviewed about the gender pay gap for the latest episode of ESG Insider, an S&P Global podcast. While the U.S. Congress weighs DeLauro's bill, the U.K. has already implemented a law requiring that organizations report on their gender pay gaps. In April, U.K. companies disclosed this information for just the second time, and our podcast dives into the new data points, looking at which companies and industries made progress closing the gap. In the U.S., the issue is also garnering investor attention. In this episode, we hear from an activist shareholder who submitted a proposal calling for more gender pay gap disclosures at some of the nation's largest banks. Bank of America Corp. and Wells Fargo & Co. shareholders voted down the proposal at meetings in April, and JPMorgan Chase & Co. shareholders are poised to vote on the proposal later in May. "We're definitely at a transition point for transparency and disclosure, and any employer that is too hesitant risks being left behind by the broader conversation," said Glassdoor Senior Economist and Data Scientist Daniel Zhao. We talked to Zhao about a new report by Glassdoor, which found the gender pay gap is narrowing but persists around the globe. The U.S. adjusted pay gap fell below 5% in 2018 from 6.5% in 2011, thanks in part to a tighter labor market, more women participating in the workforce and greater awareness of the issue, the jobs website found. The issue is gaining momentum and publicity, but experts we interviewed say closing the gap will take years. "That might not sound like a lot, but it adds up to tens of thousands of dollars over a woman's career," Zhao said. "The gender pay gap is narrowing, but at a slow pace. At the current rate, it will be decades if not generations before the pay gap closes fully." (Photo: AP)
5/14/201918 minutes, 55 seconds
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Inside proxy fights over climate, gender pay and political spending

The interviews: U.S. EPA Chief Andrew Wheeler, Citigroup Global Head of HR Sara Wechter, Arjuna Capital Managing Partner Natasha Lamb, Center for Political Accountability President Bruce Freed, ACCF VP of Policy Tim Doyle, As You Sow President Danielle Fugere.   The backstory: Shareholders filed proposals on nearly 400 environmental, social and sustainability issues at U.S. companies through mid-February. The top topics were climate change, gender diversity and corporate political spending. In the second episode of ESG Insider, an S&P Global podcast, we talk to the activist shareholders behind some of these proposals. We hear from one of the world's largest banks about how it engaged with an activist investor on the gender pay gap. And some skeptics of the ESG movement weigh in with their misgivings about the corporate focus on sustainability. "At some point it comes down to: is the company taking the action that shareholders think is necessary? And if not, the resolution process is a way to focus a company's attention on the issue," said Danielle Fugere, president and chief counsel of As You Sow, which is at the forefront of efforts to get companies to set targets to lower their greenhouse gas emissions in line with the Paris Agreement on climate change. The episode features an exclusive interview with U.S. Environmental Protection Agency Administrator Andrew Wheeler, who shares his views on the ESG movement. Also in episode 2, Arjuna Capital LLC Managing Partner Natasha Lamb reveals how her wealth management firm convinced Citigroup Inc. to disclose new — and unflattering — gender pay gap data, even as other banks push back. And Citigroup Global Head of Human Resources Sara Wechter explains why the bank is OK with admitting it has some progress to make in that area. "In order for us to really make a difference, we have to become as comfortable as we possibly can be with the numbers, even if they are uncomfortable," Wechter said. Other podcast guests include Center for Political Accountability President and Co-founder Bruce Freed, and Tim Doyle of the American Council For Capital Formation, which is a member of the Main Street Investors Coalition that is pushing back on the ESG movement. (Photo: AP)
3/28/201932 minutes, 26 seconds
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Experts say these ESG trends will shape 2019

The interviews: Rakhi Kumar, State Street Global Advisors’ head of ESG investments; Libby Bernick, Trucost managing director; Mindy Lubber, CEO and president of Ceres. The backstory: Progress on corporate disclosures. A looming talent shortage. Climate change mitigation. These are among the top trends that sustainability experts predict will shape the ESG landscape in 2019. In the inaugural episode of ESG Insider, a new podcast from S&P Global, co-hosts Esther Whieldon and Lindsey White speak to several ESG leaders about the key themes they are watching this year, including Rakhi Kumar, State Street Global Advisors’ head of ESG investments and asset stewardship, Mindy Lubber, CEO and president of Ceres, and Libby Bernick, Trucost managing director and global head of corporate business. Lindsey White is a financial news editor with S&P Global Market Intelligence. Esther Whieldon is a sustainability & climate news reporter, also with Market Intelligence. (Photo: AP)
2/14/201914 minutes, 24 seconds