With a possible recession looming, Bill Gates is preparing to raise a new fund for Breakthrough Energy Ventures (BEV) to back innovative climate start-ups, on the heels of two billion-dollar funds that have together helped finance roughly 100 companies. “Even as the ebullience in investing in tech and climate companies is down a bit, I…
Bloomberg reports that Zimbabwe Minister of Finance has called on mining companies in the country to pay royalties in cash and commodities. Zimbabwe wants gold, diamond and platinum miners to pay half of their royalties to the government in the commodities themselves and the rest in cash, as the southern African country seeks to build its…
The ongoing turmoil in global financial markets is a symptom of global developments driven by three main mega-trends: climate change, technological advancements and an increase in geopolitical tension. These issues are fundamentally transforming the business environment. While it may be too early to announce “de-globalization”, manufacturing players are fundamentally rethinking their business agendas and global…
Rio Tinto this week announced it will join the First Movers Coalition, a global initiative to help commercialise zero-carbon technologies by harnessing purchasing power and supply chains. More than 50 companies with a collective market value of about $8.5 trillion across five continents now make up the coalition to create early markets for innovative clean…
Global challenges amplified by the COVID-19 pandemic have made Environmental, Social and Governance (ESG) issues even more pressing for policymakers, boards and executives. To promote alignment among existing ESG frameworks, the World Economic Forum, with Partners including Deloitte, EY, KPMG and PwC, has identified a set of universal metrics and disclosures – the Stakeholder Capitalism Metrics. During the Sustainable Development Impact Meetings…
