Month: July 2020

Credit Suisse earmarks more than $300 billion for sustainable finance

LONDON (Reuters) – Credit Suisse plans to provide at least 300 billion Swiss francs ($328.41 billion) in sustainable financing over the next decade in areas such as renewable energy and Green Bonds.

The move is the latest in a string of announcements by banks looking to display their green credentials and capture demand for cash from companies to help a shift to a low-carbon economy. Governments around the world are tightening rules on industry to try to meet the terms of the 2015 Paris climate agreement.

Credit Suisse also said it would cut exposure to the oil and gas sector,

Read more

These business owners want to reimagine their city’s food system

BALTIMORE — On a hot day recently, relief workers with World Central Kitchen passed out boxes of white fish with vegetables to South Baltimore residents.

Few of the recipients had likely heard of Alma Cocina Latina, the trendy Venezuelan restaurant in Canton that prepared the dishes. Nor were they likely to afford the eatery’s $15 arepas or $42 New York prime steak. The meals were free to community members because World Central Kitchen, the Washington based nonprofit, had paid the eatery $10 per dish.

While the coronavirus pandemic has lain waste to much of normal life, it may have given

Read more

Insurance Stock Q2 Earnings Roster for Aug 3: AIG, CNA & More

The insurance industry, which broadly encompasses life, property and casualty (PC) as well as multiline insurers, has been suffering a setback from the COVID-19-led adversity. In fact, insurers had earlier predicted that their second-quarter results will be impacted significantly due to coronavirus-induced restrictions. The June quarter is likely to have witnessed a decline in new sales of insurance products.

The life insurance industry has been particularly hit hard by the very low interest rate levels, given their exposure to products that provide guaranteed minimum returns. PC insurers are witnessing weak investment income, induced by soft investment yields and equity market

Read more

Ben & Jerry’s Showed America What Real Corporate Activism Looks Like

Ben & Jerry's wants to end white supremacy, among other progressive goals. (Photo: Ben & Jerry's)
Ben & Jerry’s wants to end white supremacy, among other progressive goals. (Photo: Ben & Jerry’s)

On June 2, while many other brands in the United States were posting a black square to their social media accounts and making carefully worded statements about racism in the wake of George Floyd’s death, Ben & Jerry’s had a much more direct message. The ice cream company tweeted an image that in bold letters read: “WE MUST DISMANTLE WHITE SUPREMACY.”

Among the flood of bland and empty corporate platitudes, the post stood out. It was no viral fluke, but the product of decades

Read more

Listening Is the Catalyst to Emerging Market Innovation

Thomas Edison, arguably the greatest entrepreneur of modern times, once astutely said that innovation is 1 percent inspiration and 99 percent perspiration, because there’s a balancing act that often goes on between creativity and execution. Diving deep into what the perspiration looks like from the perspective of an entrepreneur is different than it is with an economist, but one would assume that in industries that are focused on emerging markets, entrepreneurs have the upper hand. Great entrepreneurs know how to listen to the perspective of their customers and users while still taking into account the perspective of their advisors and

Read more