Having over 9 billion people living well within planetary boundaries by 2050 is an ambitious, yet crucial goal. As an enabler for the urgent transformation required to meet this objective, redirecting finance towards sustainable investments plays an essential role. Europe has already taken important measures to shape the future of its financial sector towards a more sustainable future. These have far-reaching implications for all financial market participants operating in Europe and may inspire other parts of the world to accelerate on the topic of sustainable finance. This article gives a brief overview of sustainable finance in Europe and its global implications for companies.
We can no longer deny it: no matter the industry, each company faces a wide range of environmental, social and governance (ESG) risks found both within the business operations and throughout the value chain that need to be identified, monitored and managed. Although the benefits of good ESG risk management seem obvious, there are still companies claiming that some of the most important ESG risks such as human rights or climate change do not concern them. What European lawmakers have shown in 2018 through the EU Non-Financial Reporting Directive and the French “Duty of Care” law is that ESG risks affect all companies, albeit to a varying degree. In all cases, it is necessary for them to broaden the scope of ESG risks to avoid potential blind spots, and to be transparent towards stakeholders on the risks that are most prevalent.
In September 2015, the UN launched the Sustainable Development Goals (SDGs). Since then, organizations around the globe have started to adjust their societal strategies towards this new sustainable development agenda. But how big is the existing gap to your business and how to overcome this with a minimum time-to-value?
At the 2008 World Economic Forum in Davos, Switzerland business and foreign leaders called for strengthened public governance frameworks that will boost corporate global citizenship and fuel the fight against climate change.
How do you ensure that, as a local government, you have strategies, political support and a mandate for sustainability? Which tools do you need to bring sustainable development to a higher level? How do you motivate the internal organisation? How do you create a feeling of involvement amongst inhabitants and other stakeholders?
In February 2007 Finch & Beak started to work with the Dutch Ministry of Water Management and Transportation, helping them to develop a conceptual framework for a new Future Center set to open in January 2008.
If you have explored a large city in the past five years, there’s a fair chance you noticed neatly organized rows of bicycles in racks on sidewalks, available for public usage. May it be the Parisian pioneering public Vélib' system, or corporation-sponsored programs Barclays Cycle Hire in London and Citi Bike in New York, large-scale bike sharing systems have in common that they are adding a highly individual form of low-carbon transit in cities that are continuously looking for measures to become more liveable and maintain their attractiveness for citizens and businesses.
The Netherlands is the worst performing country in Europe in terms of energy and climate policy, according to recent research by the European Environment Agency in Copenhagen. When it comes to renewable energy, greenhouse gas emissions and primary energy consumption, the Netherlands scores bottom of the list in Europe. In order to start taking action on this, 64 professors wrote a letter to the Dutch government saying: shut down all coal plants.