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November 9, 2021

What we’re reading: November 11

People search a card index at the newly opened National Library in Bucharest
People search a card index at the newly opened National Library in Bucharest on April 23, 2012. The official opening was on April 23, when librarians celebrate Romania’s National Day of Librarian. Initially the public will have access to seven of the 14 reading rooms and multipurpose rooms. Opened in an refurbished communist era building, the National Library of Romania has a fstock of more than 12 million volumes. AFP PHOTO / DANIEL MIHAILESCU (Photo credit should read DANIEL MIHAILESCU/AFP/GettyImages)


Welcome to Sustainable Views’ knowledge hub: the section of the site where we archive useful research we’ve read over the past weeks, so you can improve your knowledge and easily refer back to your favourite resources

If you find this section of the site useful, we want to hear from you. Tell us how you use it by emailing, and we’ll endeavour to develop this section to suit your preferences.

Financial sector struggling on ESG integration

This week, forum and think-tank New Financial found that while environmental, social and governance conerns have exploded into public discourse and achieved impressive growth in some sectors, sustainability has still achieved limited overall penetration of banking and finance

Globally, sustainable investment funds now hold almost four times the assets they did in 2016, with annual inflows up tenfold. Bond issuance has followed a similar pattern.

But despite this rapid growth, ESG activity still languishes at less than 6 per cent of global activity. New Financial also found that the financial sector is finding full ESG integration particularly difficult, with a higher proportion of these companies with medium to high or severe ESG risk ratings.

To read the full report, click this link.

New Financial benchmarking ESG report graphic
New Financial benchmarking ESG report graphic

Click here to view a larger image

Trust in business hangs in balance over climate change

Consumer faith in governments and businesses to tackle climate change is at a nadir, a report from public relations consultancy Edelman has found.

A special edition of the firm’s trust barometer found that climate change now outstrips a host of common worries such as contracting Covid-19 and losing personal freedoms, coming second only to fear of losing one’s job.

But almost half of the 14,000 people surveyed now believe it is too late to reverse the effects of climate change. On average, they are now looking to NGOs and governments to make the changes necessary to limit global warming, with trust in business far lower than usual on this issue.

Read the full report here.

Just transition eludes key sectors

Energy, utility and automative companies are failing to mitigate negative social impacts of the transition to a low-carbon future, according to the World Benchmarking Alliance.

The group, formed of NGOs and companies focused on delivering the UN’s Sustainable Development Goals, assessed the public disclosures of 180 companies, finding “a striking and systemic lack of action by companies to identify, prepare for and mitigate the social impacts of their low-carbon strategies”. It calculated that this puts 11 million workers at risk of unemployment.

The report encourages companies to reskill, or upskill workers that could be stranded, with specific recommendations by sector. Read it here.

CFOs can gain competitive advantage with better ESG disclosure

Corporate finance teams that lead the way on new disclosure standards can gain a competitive advantage through access to new sustainable finance, according to environmental consultancy ERM.

The firm’s SustainAbility Institute interviewed CFOs, lenders and investors to develop a list of tips for companies looking to access financing predicated on green credentials.

Read the full report here, or a briefing here.

A service from the Financial Times