Hello Reader,
It's that time of year again when one New Years is over but another (the Dragon) is weaving in.
In a bit of impact and green news...Hong Kong has been urged to match Singapore in green and sustainable financing subsidies to help revive debt offering. Yet, Business Times is reporting that almost 40% of Singapore companies are greenhushing. Let's not let that discourage us because the good news is that clean tech remains mission critical for Singapore.
In recent ASIA IMPACT DEAL NEWS...
The Edge is reporting that Singapore-headquartered Purpose Venture Capital has co-invested US$17.3 million into Japanese material creation startup Bioworks
As part of its broader US$500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia, responsAbility invests USD 20 million in Singapore-based CleanEdge Resources.
Ok, this one isn't Asia centric, but it's big news in the industry and it was also featured on TechCrunch. Plant A Foods raised 15.4 million in Series A to commercialize their cocoa-free chocolate. But why?? The chocolate trade has detrimental effects on the climate trade with dark chocolate, being second only to beef in terms of foods with the most emissions. The more you know...
Read on for 3 Things in Impact...
1. GRI updates biodiversity standard to meet stakeholder demand
The Global Reporting Initiative (GRI) has released an updated version of its biodiversity standard, GRI 101: Biodiversity 2024, in response to the growing need for companies to provide information on their biodiversity impacts.
This update is particularly important as biodiversity is declining worldwide, and the new standard aims to assist in reversing this trend and managing associated risks.
2. Impact Portfolio Construction Yesterday, Today, and Tomorrow
A new discussion paper from Impact Frontiers, reviews impact-driven portfolio construction and optimization across asset classes:
showcases real-world examples of investors integrating impact considerations into their asset allocation strategies.
emphasizes the need to consider impact not only in manager and security selection but also in asset allocation.
explores both strategic and tactical asset allocation techniques and suggests that focusing on the latter may be more practical.
And it provides valuable insights and recommendations for professionals seeking to align their investments with sustainability goals.
Read the report here: https://impactfrontiers.org/wp-content/uploads/2024/01/Impact-Frontier-Portfolio-Construction-1-v4.pdf
3. Media Coverage of Climate Change is Dropping
Green Queen shares that even as we breached the 1.5°C post-industrial warming limit and recorded the hottest temperatures ever, 2023 saw media coverage of climate change drop by 4%, according to a review by the Media and Climate Change Observatory.The report suggests that there may have been competing interests and priorities in the media landscape, leading to a decrease in coverage of climate change.
Read the report here:
https://sciencepolicy.colorado.edu/icecaps/research/media_coverage/summaries/special_issue_2023.html
2024 Summit is approaching!
Watch this space for news and updates.
Comments