At the United Nations Climate Change Conference (30.12.-12-12.2023) in Dubai, the global community made a significant breakthrough. It is the first time in the history of climate conferences, known as "COPs," that all 197 participating countries and the EU have agreed to abandon oil and gas. This was previously solely true for coal. The governments are urged to abandon fossil fuels in their energy systems in the 21-page report that has now been accepted.
Since 2015, environmental, social, and governance (ESG) criteria have gained increasing prominence as a framework for assessing businesses. In that year, the United Nations adopted both its 2030 Development Agenda Sustainable Development Goals (SDGs) and the Paris Climate Accords to formalise the organisation’s approach to advancing sustainability and urge global companies across all sectors to align with these objectives.
Thunderstorms, droughts, and floods are becoming increasingly severe. One of the world’s leading reinsurers, publicly listed company Munich Re, expects that the insured natural disaster damage will exceed the mark of a hundred billion US dollars. The group warned about the consequences of man-made global warming 50 years ago. What causes climate change? This is the crucial question of today. There is another one for insurers: what are the consequences?
For more than a year, artificial diamonds have become increasingly popular among watch manufacturers. They are presented as a climate-friendly alternative. According to the watchmakers, they are allegedly resource-saving, ethically fairer, and do not promote inhumane working conditions. But is it really so?
As the globe swings towards sustainability, the green economic transformation is fast creating new horizons of possible investment opportunities, notably attractive to HNWIs and UHNWIs. Plant-based investments stand out as a viable and morally sound way to build wealth while also ensuring a sustainable future.
The growing demand for ethical and sustainable practices is driving significant change in the fashion industry. According to the Environmental Protection Agency, the textile industry alone is responsible for over 8% of global greenhouse gas emissions. Recognising this, brands are increasingly investing in sustainable production methods to reduce their carbon footprint and minimise their environmental impact.
The shipping industry plays a vital role in global trade, but it also contributes to greenhouse gas emissions. With the urgency to combat climate change, there is a growing need to find sustainable solutions for the maritime sector. The goal of achieving zero emission fuels in international shipping by 2030 is a crucial step towards decarbonization. However, recent analyses have shown that the industry is falling short of this target. What is the current state of zero emission fuels in shipping?
In the midst of a worldwide environmental awakening, New Zealand stands strong, firmly committed to the pillars of sustainable growth. This distant Pacific nation represents a growing goldmine of eco-centric opportunities for ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs). Recognising the scale of New Zealand's renewable vigour, UHNWIs and HNWIs may be on the verge of knowing about the country's green initiatives. Exploring this green movement is not only about understanding the potential to safeguard the future of our world but also about recognising the evolving landscape of sustainable developments.

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