Good morning, this is Kasmira, and today we're covering the EU's green finance rules and asking where the UN's sustainable development goals fit in.
SIX, the Swiss stock exchange, has launched a series of ESG-approved stock market indices. However, not everyone is convinced. Plus, Credit Suisse says reducing the portfolio’s carbon footprint doesn’t necessarily lead to lower carbon emissions.
And not forgetting that today, the WTO will hold a special General Council meeting on appointing Nigeria's Ngozi Okonjo-Iweala as its next director-general. We'll have more on that on our website later today. |
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Sustainable business & finance news
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The EU's incoming sustainable finance disclosure regulations and taxonomy framework are part of the European Green Deal, first laid out by EC President Ursula Von der Leyen in December 2019. (Keystone/ EPA/Olivier Hoslet)
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Here's what else is happening
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This chart shows CO2 from ships vs emissions from national car fleets in 2019 (million tons) (Source: Statista)
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🚢 Trouble at sea.
Shipping accounts for roughly three per cent of global carbon emissions, which puts it about on the same level as an entire country, such as Germany or Japan, as an emitter, says the World Economic Forum in the latest episode of its podcast “House on Fire”, with emissions expected to rise by 250 per cent in the next 30 years if no action is taken. Failure to meet an industry-wide goal of halving emission levels by 2020 relative to 2008 levels is not an option, say experts on the show.
WEF (EN)
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