The coal industry is likely to never recover from the heavy blow caused by COVID19, experts said. The modern society’s dependence on coal has been cut loose due to the slash in costs of its greener alternatives and heightened climate activism. Pandemic has accelerated the shift...
Biodiversity depletion is an environmental disaster deteriorating faster than climate change. Environmental risks will adversely affect the macroeconomic performance of various sectors and financial markets. Moving sustainable finance into mainstream practices is key. Evidence shows that nature-based solutions can be readily turned into cash flows and in the...
COVID19 has worsened female workers' conditions in developing countries, leaving them in a situation of strong economic distress and reducing their opportunity to be involved in the labor market. Millions of women from developing regions will lose years of success in contributing to household income, voiding...
Suppliers of international tech and fashion companies, such as Apple, Nike and Calvin Klein, have been exploiting forced labor from ethnic minority groups, mostly Uighurs, detained in the Xinjiang region, China. Organizations have already started to take action. Several investigations carried out in the last year by The...
Ms. Booker, former Global Head of Diversity at Morgan Stanley, has pursued legal action against the bank claiming that she was fired last December after having pushed a plan aimed at helping black financial advisors. Last June, Marilyn Booker has pursued legal action against Morgan Stanley for...
The issuance of social bonds has outpaced that of green bonds this year, reflecting a diversification in sustainability investments and increasing attention by investors on social matters and social risks in light of the challenges brought by COVID19. Covid-19 has brought investors increasing attention on social matters...
The US Department of Labor has issued a new rule proposal that requires pension funds fiduciaries to prove that by implementing ESG-oriented investments they are not sacrificing financial returns to social good, regardless of investors' preferences. The PRI, Morningstar and Nuveen have already expressed their opposition to...
The interconnection between sound and the criminal economy is growing. We believe that a sound ESG Due Diligence can avoid it. This is why at SVI we offer our services to prevent reputational risks to investors and support a sound economy. According to an article published...
Consumption of plastic destinated for single-use items, especially personal protective equipment, has grown dramatically in the last months due to COVID19. This phenomenon has been worsened by lockdown-driven behaviors and the oil price crash which has made recycled plastic more expensive. While overall plastic demand is expected to...
Many companies worldwide have been receiving financial state aids to counteract the effects of the economic crisis brought by COVID19. Different rules and limitations apply to approved aids and beneficiary firms in Europe and the US. Since the advent of coronavirus, businesses have been receiving state...
Since he became president, Trump has dismantled 100 environmental rules. A drastic accelerator to this law reformation has been put in place during the COVID19 pandemic [caption id="attachment_2625" align="aligncenter" width="892"] Credits: AP Photo/Evan Vucci[/caption] Since the beginning of his mandate as president of the United States, Trump has...
Wirecard’s share price has collapsed after the exposure of its fraud scheme. On Thursday, June 18th 2020, Wirecard’s auditor, EY, stated that, when carrying out its 2019 audit of the firm, it could not find $2 billion in the company’s accounts, funds that the German firm later...
COVID19 has been affecting women and men in disproportionate ways, with women bearing higher economic costs. The coronavirus crisis has been affecting women and men in different and disproportionate ways. Even if men appear to be at higher health risk, women bear higher social and economic...