Good morning, this is Kasmira, editor-in-chief of Geneva Solutions, with your latest sustainable business and finance news.

Today we're covering the complex world of environmental, social and corporate governance (ESG) reporting. But which metrics to choose? There are so many, which is why the World Economic Forum and a group of global companies have decided to take matters into their own hands.

Plus, how a Geneva-based start-up is also trying to bring more transparency on how much of a positive impact companies really have.

Kasmira Jefford

25.09.2020

Today’s reason for hope

Photo article

View on Zurich with factory in the background (Keystone/Christian Beutler)

A climate solution for heavy industry's gaining momentum. A technology that can capture greenhouse gases from wide swaths of the economy is gaining momentum after years of slow growth. Carbon capture, utilization and storage projects worth $27bn are close to a final investment decision, the International Energy Agency said in a report.

Bloomberg (EN)

Business & Finance news

Impaakt CEO: 'Good practice is not the same as having a positive impact'. Geneva-based entrepreneur Bertand Gaçon talks about the inspiration behind his start-up, a crowdsourced platform that measures how sustainable companies are.

Geneva Solutions (EN)

WEF, global companies outline new sustainable reporting standards. The world’s big four accounting firms have joined forces with the World Economic Forum to launch a set of universal environmental, social and corporate governance (ESG) standards.

Geneva Solutions (EN)

Here's what else is happening

If world handles climate like COVID-19, UN chief says: 'I fear the worst'. This was the warning by UN chief Antonio Guterres as the US, China and Russia fought on Thursday during a Security Council meeting on the coronavirus pandemic.
Reuters (EN)
Swiss president blasts UN member states for ‘blocking’ decisions. In her speech to the United Nations General Assembly, Simonetta Sommaruga criticised member states for “standing in the way” of the global body’s work.
Swissinfo.ch (EN)
Covid-19 damage to employment will be greater than expected. That's according to the latest report by experts at the International Labour Organisation, which reveals some worrying figures.
Tribune de Genève (FR)
Landlocked countries in Central Asia explore transport options for Covid-19 recovery. Border closures to contain the pandemic have disproportionately impacted landlocked developing countries. Overcoming these challenges will be the focus of a regional dialogue organised by the UNECE on 29 September.
UNECE (EN)

Image of the day

Photo article

Photo: Keystone/Martial Trezzini

New exhibition marks the 200th anniversary of the Museum of Natural History in Geneva. The exhibition, Bouteille à la mer 2120, Te Ao Maori by New Zealand activist artist in residence George Nuku, assembles thousands of chiseled plastic bottles in an underwater universe. It is one of three new temporary shows to mark the museum's anniversary.

Ville de Genève (EN)

Next on the agenda

25 September | 5th Low Carbon City World Forum Part of the UN General Assembly's line-up of events, catch the last day of this virtual summit to discuss solutions for building a low carbon world.

Low Carbon City World Forum (EN)

28 September | Supporting Finance for Development in the era of Covid-19 Organised by OECD, Tax Inspectors Without Borders, and UNDPe, this webinar will address illicit financial flows and tax evasion by multinationals in developing countries.

UNGA Guide (EN)

6 October | Forum of Mayors 2020 City leaders from Europe, North America, Central Asia and the Caucasus will come together to address the key challenges of our time.

UNECE (EN)

GS news is a new media project covering the world of international cooperation and development. Don’t hesitate to forward our newsletter!

Have a good day!

Avenue du Bouchet 2
1209 Genève
Suisse