Children born today are likely to face seven times more extreme weather events than their grandparents

(The Economist) Extreme weather events are becoming much more common. This year in China, ferocious floods forced more than 1m to relocate; fires ravaged Greece all summer, blotting out the sun; heatwaves killed almost 700 people in Canada and 600 in America. Meanwhile, Russia reported the largest fires in its history, while Texas grappled with…

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How the Pandemic Accelerated the Social Impact Movement

(Knowledge @ Wharton) Bart Houlahan worried about how the coronavirus pandemic would affect B Lab, a nonprofit he co-founded to certify socially responsible companies that create value beyond shareholder portfolios. Thousands of companies around the world have earned the coveted “Certified B Corporation” title since B Lab began in 2007, but during the COVID-19 pandemic,…

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Young people’s climate anxiety revealed in landmark survey

(nature) Climate change is causing distress, anger and other negative emotions in children and young people worldwide, a survey of thousands of 16- to 25-year-olds has found. This ‘eco-anxiety’ has a negative impact on respondents’ daily lives, say the researchers who conducted the survey, and is partly caused by the feeling that governments aren’t doing…

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China Pledges to Stop Building Coal-Burning Power Plants Abroad

(NY Times) It marks a major shift for one of the biggest backers of coal-fired plants globally. Still, China remains heavily reliant on new coal plants at home, and is the world’s top emitter of greenhouse gases. In a move designed to bolster Beijing’s climate credentials, President Xi Jinping of China said Tuesday that his…

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Biden confronts extreme heat, a silent climate killer

(The Washington Post) President Biden launched a government-wide strategy Monday to combat extreme heat, including the development of new federal labor standards aimed at protecting workers from the impact of rising temperatures linked to climate change. Extreme heat has cost the lives of hundreds of Americans this summer and affected the health and livelihoods of…

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Amazon Grows Climate Coalition Ahead of U.N. General Assembly

(Bloomberg) Amazon.com Inc. said it has added 86 new signatories to its Climate Pledge, expanding the number of companies that commit to aggressively reducing carbon emissions. There are now more than 200 global brands, including Nespresso, ASOS Plc, Procter & Gamble Co., and Salesforce.com Inc., as well as three new signatories in India, who have…

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More CFOs Add Sustainability Targets to Corporate Loans

(WSJ) An increasing number of companies are tying the interest rates on their corporate loans to environmental and other sustainability targets as they face pressure from investors and regulators to go green. Sustainability-linked loans carry interest rates that adjust based on whether a company meets a predetermined environmental, social or governance goal, such as reducing…

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