Edition for 22 March 2020

Top Stories

WEF Releases Framework to Help Business Identify ESG Factors for Long-Term Resilience (Modern Diplomacy)

  • Building a resilient business is increasingly dependent on preparing for the impact of non-financial factors, including those related to environmental, social and governance (ESG) issues.
  • The whitepaper also introduces a new framework analyses how ESG issues have become financially material over time.
  • ESG issues are increasingly impacting business.

Africa in the news: The Uganda-EU deal, politics, airlines, and COVID-19 updates (Brookings)

  • More specifically, according to Ugandan Finance Minister Matia Kasaija, about $50 million will go towards funding the inclusive green economy uptake program, which involves developing products and projects that reduce environmental risks.
  • According to EU Ambassador Attilio Pacifici, those projects include “climate-smart agriculture, green cities, eco-tourism, scaling of renewable energy investments that target off-grid and reduction of waste projects, as well as liquefied petroleum gas (LPG) for households and industry.” Already, EU companies finance a number of infrastructure development and improvement projects in Uganda.

‘Some soles last 1,000 years in landfill’: the truth about the sneaker mountain (Guardian)

  • Basing value on symbolism, rather than usability, means it lingers for a brief moment before the shoe needs replacing, fuelling production and an environmental impact.
  • Recycling companies sort rejected donations by style, climate, cultural suitability and quality.
  • Dr Kate Fletcher, professor of sustainability and design at the London College of Fashion, has coached brands on how to reduce their environmental footprint.

Zimbabwe: Mnangagwa Blocks Mbeki Mediation (AllAfrica News)

  • Botswana officials were frank in closed door discussions where they expressed disappointment about the investment climate, among other issues.
  • Botswana officials cited the decision by the Mnangagwa administration to cancel a deal late last year for the revival of Kwekwe-based firm Lancashire Steel with Botswana-based investor Whinstone Enterprises without revealing the reasons, as an example of the toxic investment climate.

Cheese and wine, salsa and workouts: how generation lockdown is coping (The Sydney Morning Herald)

  • Joshi, who writes on climate change, is losing work as “fewer outlets are interested at the moment”, but they are lucky Kim’s work at the University of Oslo guarantees good support for employees and their kids.
  • Even though everyone is confined, it brings them out.” His lesson: “If the world can take such drastic action to rectify a grave situation, what if we did that for climate change?

The Climate Sentinel is an AI-powered news assistant for ESG investors and those concerned about climate change, corporate social responsibility, and related topics. Learn more.

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