Post by hasan77 on Feb 15, 2024 0:31:26 GMT -5
Play a critical role in supporting these solutions. Banks can start by disclosing how issues of climate, deforestation, labor and human rights are managed in their lending portfolios; they can follow their international peers in requiring sustainable production practices by clients; and they can help smallholders improve their practices through innovative funding mechanisms. Investors, too, can continue to engage with portfolio companies across supply chains and sectors, including the banks financing them, to push for more ambitious adoption of best practices and more transparency around business practices.
Investors can continue to engage with portfolio companies across supply chains and sectors, including the banks financing them, to push for more ambitious adoption of best practices. According Fiji Email List to data from Thomson Reuters, only a quarter of Asian-headquartered companies disclose emissions reduction targets. "Transparency is key to the solution," said Elena Philipova, head of ESG Proposition at Thomson Reuters, as public reporting and commitments enforce accountability — and this is true for small and large corporations, investors and the public sector.
The data shows that companies that disclose emissions reduction targets have a significantly higher ESG rating on average than companies that do not, and these ratings are starting to affect the cost of capital. Home-grown initiatives such as the Singapore-based Southeast Asia Alliance for Sustainable Palm Oil and the China Sustainable Palm Oil Alliance indicate an emerging commitment to sustainable palm oil in the region. Facilitating collaboration among multinational brands, small- and medium-sized enterprises and civil society, these initiatives highlight the potential for multistakeholder solutions to drive the industry forward.
Investors can continue to engage with portfolio companies across supply chains and sectors, including the banks financing them, to push for more ambitious adoption of best practices. According Fiji Email List to data from Thomson Reuters, only a quarter of Asian-headquartered companies disclose emissions reduction targets. "Transparency is key to the solution," said Elena Philipova, head of ESG Proposition at Thomson Reuters, as public reporting and commitments enforce accountability — and this is true for small and large corporations, investors and the public sector.
The data shows that companies that disclose emissions reduction targets have a significantly higher ESG rating on average than companies that do not, and these ratings are starting to affect the cost of capital. Home-grown initiatives such as the Singapore-based Southeast Asia Alliance for Sustainable Palm Oil and the China Sustainable Palm Oil Alliance indicate an emerging commitment to sustainable palm oil in the region. Facilitating collaboration among multinational brands, small- and medium-sized enterprises and civil society, these initiatives highlight the potential for multistakeholder solutions to drive the industry forward.