Carbon credits market requires greater insurance involvement in race to net zero theinsurer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theinsurer.com Daily Mail and Mail on Sunday newspapers.
GTR: Far from being a ‘nice to have’ in the good times, we know now that sustainability is increasingly integral to how businesses operate. According to a recent HSBC Navigator report, businesses that prioritised sustainability felt better prepared for the current crisis – an important factor going forward, given that environmental risks are likely to intensify. But to what extent do we now have buy-in from all parties in the trade ecosystem specifically that sustainability is good business?
Sengupta: As we all know, Covid-19 has delivered a seismic shift in terms of underlining the importance of resilience in supply chains. It’s shone a spotlight on the role and responsibility of corporates to tackle environmental action, inequalities, social justice and the like. Interestingly, the observation has been that pre-pandemic, this has often been a buyer-led discussion. But what we’ve seen over the last months is that now it’s also a requirement from the smaller players
The financial sector faces growing pressure to cut support to companies involved in deforestation. With researchers arguing that banks are in a unique position to encourage sustainable practices among clients and across supply chains,
John Basquill examines how emerging technology is opening new opportunities for trade finance lenders looking to go green.
Deforestation remains a major challenge for financial institutions, particularly those involved in supporting exports from rainforest-covered areas of South America.
Though most lenders have overhauled policies on environmental issues, researchers continue to uncover examples of companies involved in forest destruction – either directly through their own activities or indirectly through their supply chains – that are still heavily financed by major banks.
The EU needs to hold the financial sector to account if it is to end its complicity in global deforestation globalwitness.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalwitness.org Daily Mail and Mail on Sunday newspapers.