GoImpact | Impact Made Easy! June 2023
GoImpact Capital Partners
IMPACT MADE EASY through Sustainability education, network and investment.
The FAST Conference, jointly organized by BlackRock, MAS, Temasek, and Ecosperity Week, came to a close with a panel discussion on climate philanthropy moderated by our Co-founder and CEO, Helene Li , and featured Pedro G Gomez Pensado of the World Economic Forum and Deepali Khanna of The Rockefeller Foundation. Seok Hui Lim, CEO of Philanthropy Asia Alliance, gave a keynote speech before the panel discussion.
The panel discussion highlighted the importance of strategic philanthropic funding in both developed and developing markets. The panelists argued that this type of funding is essential to bridging the annual funding gap of USD 2-3 trillion. They also concluded that concerted collective action and collaboration among diverse stakeholders would be key to creating impactful and lasting change.
Our Co-Founder & CEO at GoImpact, Helene Li , has been invited to participate in a unique video series by Microsoft. This series highlights the convergence of finance, technology, and sustainability. In this video, Helene joins Matthew Sekol , Industry Advocate for Sustainability at Microsoft, to provide valuable insights into the crucial topics of Supply Chain and Sustainability. Watch this video to gain a deeper understanding of how technology plays a pivotal role in driving sustainable supply chains, the significance of transparency and accountability, and the potential risks and opportunities for businesses aiming to establish more sustainable supply chains.
Together, we can work towards creating a more sustainable future.
Learn about ESG with GoImpact from A to Z!
Experience an exclusive preview of the innovative Micro Learning Series titled 'A-Z of ESG'. This series is presented by our Co-Founder & CEO, Helene Li, our COO, Hsu-sheng Wong, and Curtis S. Chin, Chairman of Milken Institute Asia and former U.S. Ambassador to the Asian Development Bank (ADB).
Witness a transformative journey towards ESG that will reshape your understanding. Coming soon exclusively on GoImpact, be ready for a comprehensive educational journey that will empower you with the expertise to create a significant impact in our ever-changing world!
Singapore Management University - ESG Data – Strategy and Practice for Management
ESG is mostly about Data. Getting this data right is critical for organisations since it can determine the access to capital or preferable financing conditions, attractiveness for investors but also the engagement of employees and interest from talents, and prioritisation of actions on efficiency gains, decarbonisation, regenerative projects or social and governance initiatives.
At the end of this one-day programme offered by SMU Academy , Singapore Management University and GoImpact Capital Partners, participants will be able to have an overview of existing organisational data challenges and approaches to overcome them; understand ESG data transformation and analytics pipeline and architecture; identify ESG data providers – The good, the bad and the reality check; understand what is the role of AI to augment the processing of unstructured ESG data.
Upcoming Intake Commencement Date: 30 Oct 2023
IPI - Sustainability Basics: Then, Now and Next
GoImpact's latest online course, "Sustainability Basics: Then, Now and Next" is now available on IPI x Henley Business School Online!
This module provides a comprehensive understanding of the importance of sustainability, trends and implications across industry sectors, global risks and opportunities, and helps professionals integrate the knowledge and skills acquired to develop a strategic approach for their organizations and stakeholders.
SkillsFuture Career Transition Programme (SCTP) -
Advanced Certificate in Driving Sustainability for the Future: The Future of Work through a Sustainable Lens
This certificate course is offered under the SkillsFuture Career Transition Programme (SCTP) to help mid-career individuals develop emerging and industry-relevant skills to increase employability and pivot to job roles in the green sector.
The emerging green sector is poised for growth in years to come and is increasingly being regarded as a sector with job opportunities in many areas. To take on jobs in this sector, it is important that its working people be equipped with the relevant skills. This certificate aims to prepare participants for this expanding sustainability sector, containing modules that will teach them all the knowledge and expertise required. These include corporate sustainability concepts and strategies, data analysis and documentation, writing sustainability reports, and many more lessons to give participants the confidence to enter and excel in this dynamic industry.
Upcoming Intake Commencement Date:
New PwC Report: GPs' Global ESG Strategies: Disclosure Standards, Data Requirements and Strategic Options
PwC's fourth instalment of the European Sustainable Finance Series looks at how ESG is driving the transformation of private markets. The report finds that investors are increasingly demanding ESG investments, and that general partners (GPs) are responding by adopting more sophisticated ESG strategies. The report also identifies key challenges that GPs face in implementing ESG, and provides recommendations for how they can overcome these challenges.
EU Regulators Flag Rising Greenwashing Risk for Banks, Asset Managers
EU regulators have found that greenwashing is a growing risk for banks and asset managers. The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have both published reports that found that many financial institutions are making misleading claims about their environmental credentials.
The regulators are concerned that greenwashing could mislead investors and undermine the credibility of the sustainable finance market. They have called for more transparency in the market and for financial institutions to be more careful about the claims they make.
U.S. Launches First-Ever National Clean Hydrogen Strategy and Roadmap to Build a Clean Energy Future, Accelerate American Manufacturing Boom
The U.S. Department of Energy (DOE) has released a new roadmap for clean hydrogen, a versatile fuel that can be used to power a variety of applications. The roadmap calls for the U.S. to produce 10 million metric tons (MMT) of clean hydrogen by 2030, 20 MMT annually by 2040, and 50 MMT annually by 2050. To achieve these goals, the DOE will invest in research and development, infrastructure, and workforce development. The roadmap also calls for increased collaboration between the public and private sectors.
Australia Mandates Bank Regulator to Consider Climate Risk, Adopt Climate Reporting Standards
Australia's financial regulator has been mandated to consider climate change-related risks as part of its role. The new requirement, released as part of an updated Statement of Expectations for APRA, includes “promoting transparency in relation to financial risks and the adoption of climate reporting standards.” This is a significant step forward for Australia, as it is one of the first countries to mandate climate risk disclosure for banks.
J.P. Morgan Launches Sustainable Investment Data Solutions for Institutional Investors
J.P. Morgan Securities Services has launched a new suite of sustainable investment data solutions for institutional investors. The solutions, which are available through Fusion by J.P. Morgan, provide investors with access to normalized data from leading ESG data providers. This data can be used to screen companies, assess their ESG risks, and create customized ESG metrics.
The launch of these solutions is a sign of the growing demand for sustainable investment data. As investors become more aware of the environmental and social risks associated with their investments, they are looking for ways to measure and manage these risks. J.P. Morgan's new solutions are designed to help investors do just that.
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New Deloitte Report: Emerging green hydrogen market set to help reshape global energy map by end of decade, creating US$1.4 trillion market by 2050
A new report by Deloitte predicts that the global green hydrogen market could reach $1.4 trillion by 2050. The report, titled "Emerging Green Hydrogen Market," found that the market is expected to grow rapidly in the coming years, driven by the increasing demand for clean energy and the need to decarbonize the global economy. The report identified several key trends that are shaping the green hydrogen market, including the declining cost of renewable energy, the development of new technologies, and the increasing government support for clean energy. The report also highlighted the potential for green hydrogen to play a major role in decarbonizing hard-to-abate sectors such as transportation and heavy industry.
EU Commission takes further steps to boost investment for a sustainable future
The European Commission has reached a provisional agreement with the European Parliament and the Council to reform and strengthen the EU Energy Efficiency Directive. The agreement sets a new target of 11.7% energy efficiency improvement by 2030, and introduces a number of measures to help achieve this target. These measures include:
The agreement is a significant step forward in the EU's efforts to reduce energy consumption and combat climate change. It is expected to save the EU economy billions of euros each year, and create new jobs in the clean energy sector.
JLL Launches Commercial Real Estate Decarbonization Solution
JLL, a commercial real estate services firm, has launched a new decarbonization solution for the commercial real estate (CRE) industry. The solution, called Decarbonization Strategy, helps corporate real estate owners and investors understand their carbon footprint and develop a data-driven investment roadmap to create and protect value across their CRE portfolio. The solution is powered by Carbon Pathfinder, JLL's new SaaS technology that provides investment planning insights to support carbon reduction goals. Carbon Pathfinder uses data from JLL's proprietary real estate database, as well as third-party data sources, to help clients assess their carbon footprint and identify opportunities for emissions reductions.
New S&P Report: Sustainability Insights: Research: Carbon Capture, Removal, And Credits Pose Challenges For Companies - 6x More Carbon Capture Projects Planned than Currently Exist
According to a recent report by credit ratings agency S&P Global Ratings, there are 6x more CCS projects planned than are currently operational. This growth is being driven by the increasing demand for carbon offsets and the need to reduce greenhouse gas emissions. However, there are a number of risks associated with CCS projects, including cost, effectiveness, and reputational risk. The report also recommends that companies develop a comprehensive plan for managing the risks associated with CCS projects. The plan should include measures to mitigate the risks, as well as a plan for responding to any unexpected events. The report concludes that CCS projects could play an important role in the fight against climate change. Companies that are considering investing in CCS projects need to carefully weigh the risks and benefits before making a decision.
EcoVadis Index: Companies of All Sizes and Performance Levels Continue to Make Significant Strides on Their Sustainability Journeys
The seventh edition of the EcoVadis Business Sustainability Index shows that companies of all sizes and performance levels are continuing to make significant strides on their sustainability journeys. The average score for companies increased to 50.3, crossing the halfway mark for the first time. This progress was driven by improvements in all four themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.
The report also found that small and medium-sized enterprises (SMEs) are leading the way in sustainability performance, with many SMEs now scoring in the Advanced or Outstanding categories. This is a positive sign, as SMEs make up the majority of businesses in the world.
EU Council Announces Agreement on Nature Restoration Law
The Council of the European Union has reached an agreement on the Nature Restoration Law, a new law that aims to restore damaged ecosystems across the EU. The law sets legally binding targets for the restoration of habitats and species, and it requires member states to develop national restoration plans.
The agreement is a significant step forward in the EU's efforts to protect nature. It is expected to help to improve the health of ecosystems, mitigate the effects of climate change, and create jobs in the green economy.
U.S. announces $575 million for coastal and Great Lakes climate resilience through Investing in America agenda
U.S. announced $575 million in funding to help coastal and Great Lakes communities become more resilient to climate change. The funding will support projects that protect communities from flooding, sea level rise, and other climate-related hazards.
The funding will be distributed through NOAA's Coastal Resilience Program and the Great Lakes Restoration Initiative. The Coastal Resilience Program will provide grants to states, tribes, and local governments to help them implement climate adaptation projects. The Great Lakes Restoration Initiative will support projects that improve water quality and restore habitat in the Great Lakes.
The funding is a significant investment in coastal and Great Lakes resilience. It is expected to help communities protect themselves from the impacts of climate change and build a more sustainable future.
New Preqin Report: ESG in Alternatives 2023 - ESG fundraising in private markets has surged 3x since 2020
According to the ESG in Alternatives 2023 report released by Preqin, ESG fundraising in private markets has surged in recent years. In 2022, $92 billion was raised for ESG funds, up from $29 billion in 2020. This growth was driven by both private equity and infrastructure funds. Infrastructure funds raised $71 billion in ESG capital, nearly matching the $75 billion raised by private equity. The average ESG fund size has also grown significantly, reaching $575 million in 2022.
This growth is being driven by a number of factors, including investor demand, the increasing availability of ESG investment opportunities, and the growing awareness of ESG issues. The public is becoming more aware of the environmental and social impacts of businesses, and they are demanding that companies take steps to address these issues. The report also notes that nearly three-quarters of private markets investors would turn down investment opportunities over ESG-related concerns. This suggests that ESG is a top priority for investors, and that they are willing to take action to avoid investing in companies that do not meet their ESG standards.
This growth in ESG fundraising is a positive development, as it suggests that investors are increasingly committed to investing in sustainable companies and projects. This will help to drive the transition to a more sustainable economy.
UK – France Global Roadmap launched to mobilise global nature finance
The UK and France have launched a new Global Roadmap to mobilize global nature finance. The roadmap aims to scale up the use of biodiversity credits to help companies and governments invest in nature restoration.
The roadmap sets out five key challenges for biodiversity credit markets to deliver high-integrity, equitable, positive outcomes for people and planet. These challenges include:
The roadmap will be implemented through a series of actions, including:
ISSB issues inaugural global sustainability disclosure standards
The International Sustainability Standards Board (ISSB) has officially launched its inaugural standards—IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures, at the IFRS Foundation Conference 2023.
The standards are the first sets of global sustainability disclosure standards developed by the ISSB. IFRS S1 sets out the general requirements for sustainability-related financial disclosures. It requires companies to disclose information about their sustainability risks and impacts, including information about the company's strategy, governance, risk management, and performance in relation to sustainability. IFRS S2 sets out specific climate-related disclosures and is designed to be used with IFRS S1.
Bridging the great divide between the talk and action, accelerating the Sustainable Development agenda and moving from intention to implementation. GoImpact means Sustainable Impact made easy and actionable. We are an ecosystem developed to connect the dots and provide action enablers built around 3 key pillars:
Through our partners network with online-to-offline initiatives, we provide learning opportunities to drive real change by example for everyone keen to understand more about the Sustainable Finance agenda.
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