News

European carbon market: with a rise in the price, the energy transition accelerates

A new Carbon Tracker study found that European Union (EU) carbon prices could average between €35-40 per tonne over the next five years. At this rate, the EU could save around 400 million tonnes in carbon emissions over the 2019-2023 period.

[Focus CSR] BNP Paribas transforms itself through company engagement

How can companies better diffuse CSR (Corporate Social Responsibility) internally and throughout its ecosystem? This is the question all committed companies are asking. Novethic has identified good, achievable, and proven practices that have been put in place by major economic leaders. The following...

Climate lobbying : the double standard of European employers' organisations

A memo from Business Europe, the European employers' organisation headed by former Medef president Pierre Gattaz, revealed the nature of climate lobbying in Brussels. Even if the organisation portrays an image in support of the EU's climate ambitions, it explicitly asks its members to avoid any...

Exxon and Chevron join a climate initiative

Oil giants Chevron and ExxonMobil have joined an industry initiative to fight climate change. These are the first American to join this 2014 initiative, of which Total is a founding member.

Financial management debates on ESG fail to consider the social factor

In San Francisco, the Global Climate Action Summit and PRI in Person are taking place concurrently. On this occasion, responsible investors assert that a fair ecological transition will not be achieved by responding to climate and environmental issues alone: social dimensions must also be taken into...

Portugal has the upper hand in Europe’s lithium reserves, as demand for the metal continues to grow

Europe is 86% dependent on imports for its lithium needs. However, vast reserves of the precious metal exist on European territory. In particular, two large mines exist in Portugal, which could start operating by 2020. Nevertheless, the country's lithium, often referred to as “white gold”, is 2.5...

[Inside story] Zero: the new magic number for climate action

“Zero carbon” or “Zero waste” … these are the new keywords for communities and companies in regard to the fight against climate change. If we hope to achieve the Paris Agreement objectives, carbon neutrality is a necessity before the end of the century. But what’s really behind this magic number...

For the World Bank, no fight against Climate change without a price on carbon

The fight against climate change necessarily involves a pricing of greenhouse gases emitted, and therefore carbon, said Wednesday the Director General of the World Bank on the sidelines of a meeting of the G7 on the environment.

Global investors worth a combined $6 trillion are choosing to divest from fossil fuels

The Divest-Invest movement, calling for the exclusion of fossil fuels, continues its popularity seven years after its launch. 1,000 investors, holding a combined $6,240 trillion in assets, have publicly announced that they will no longer finance fossil fuels. All that remains is to transform this...

Global Climate Action Summit: the planet climate between voluntarism and catastrophism

The global climate summit in San Francisco ended September 14. Mayors, governors, businesses and NGOs from around the world have called on world leaders to do more in the next two years to limit global warming.

The largest sovereign fund in the world pledges to save the ocean from plastic pollution

Plastic pollution in the ocean is increasingly troubling...so much so that the Norwegian Sovereign Wealth Fund, the largest sovereign fund in the world, has just pledged to protect it. This is a noteworthy act, as the fund is present in more than 9000 companies worldwide.

Ecological transition: an opportunity worth $26 trillion and 65 million jobs by 2030

This is according to a report that the new French Minister of Ecological and Solidarity Transition, François de Rugy, will be examining closely. In any case, it could be very useful in convincing his colleagues of the importance in fighting against climate change. According to the Global Commission...

THE “WEINSTEIN CLAUSE” GROWS IN POPULARITY ON WALL STREET

Despite being accused of numerous rapes and sexual assault, producer Harvey Weinstein is being named after a new legal provision called, the "Weinstein Clause". Having recently been introduced in several corporate purchase contracts, the clause guarantees investors that the company in question is...

Carrefour engages key players in its sustainable food transition

Alexandre Bompard, CEO of Carrefour, did not choose the members of the food advisory committee at random. Maxime de Rostolan of Fermes d'Avenir, Emmanuel Faber of Danone, and Lucie Basch of the application Too Good To Go, are all part of this recently launched committee. The global distributor...

Why blockchain is not the key to a fast fashion revolution

After finance and food, blockchain is infiltrating the fashion industry. This technological tool could influence the entire brand supply chain, pushing the fashion industry to change their practices, including the working conditions of textile workers. Even so, respecting human rights is not a...

The world’s largest companies are betting on renewable energy for long-term growth

Large companies have already purchased more renewable energy since the beginning of the year than all of 2017, according to the Bloomberg New Energy Finance (NEF) study, published in August. They purchased 7.2GW of renewable energy compared to 5.4GW in 2017 via long-term contracts. This is seen as a...

The World Bank turns to blockchain to improve efficiency and transparency

Blockchain is seen as an effective tool for financing projects in developing countries, according to the World Bank, which successfully tested its first blockchain-based bond. The multilateral bank has raised twice as she thought initially: about 80 millions USD.

Towards a binding international human rights treaty for transnational corporations?

A United Nations working group has just published the first draft of an international treaty obliging transnational corporations to respect human rights. It should serve as a basis for negotiations in Geneva, which will begin in October. But the basis of this text is not without pitfalls…

[Inside story] Danone boycott in morocco: five lessons to draw from the crisis

Since 20 April, three companies have been the target of a boycott of unprecedented scale in Morocco: Sidi Ali mineral water, Afriquia gas stations and Danone dairy products. According to supporters of the movement, these three companies offer commodities that are too expensive, operate in a virtual...

Building heat-resistant cities

European cities are not known for withstanding the heat. On the contrary, the materials used to construct cities, the layout, the roads, only aggravate the heat bubbles existing in urban areas. Solutions exist to burst these bubbles, but it requires us to rethink urban architecture and greening...