Post by nurefatehi on Feb 26, 2024 23:27:24 GMT -5
Last October, the fund developed in collaboration with the Ellen MacArthur Foundation was launched . According to , it has supported companies of various sizes and sectors, with packaging, chemicals, forest products, electronics, food and beverages and fast moving consumer goods (FMCG) representing significant proportions of the cohort. Companies from sectors such as textiles, software, health and e-commerce also appear in the fund. Companies supported by the fund are grouped into three categories depending on the nature of their “exposure” to the circular economy. The categories are: Adopters: companies setting circular economy goals for their own operations. Enablers: companies that To ensure that the fund's allocation does not create unintended environmental or social consequences, according to the report, BlackRock applies its ESG framework criteria to all companies selected for potential participation. We believe that companies with strong corporate governance practices, including how they manage the environmental and social aspects of their operations, better mitigate long-term risk and deliver better risk-adjusted returns.
When the fund was first launched, fund manager said he expected the fund to grow “ as quickly ” as BlackRock's other sustainable finance Nigeria WhatsApp Number List thematic products, “ if not faster .” He described the progress made to date as “ encouraging .” At BlackRock, we believe that the most progressive and innovative companies in reducing the amount of waste going to landfills, the non-renewable resources consumed and the pollution generated, can also generate significant benefits for investors and added that “Proactive disclosure” of information regarding circular economy metrics has increased over the past 12 months, as has understanding of the relationship between climate change and consumer systems. On the latter, the Ellen MacArthur Foundation sees the shift to a circular economy providing up to 45% of the cumulative emissions reductions needed for a net-zero global economy by 2050. billion of material extracted for use is reused annually. Progress towards non-linear production-consumption systems has been interrupted by the pandemic in many sectors, especially plastics and packaging. Many retailers halted, delayed or reduced refill and reuse offers amid concerns around health and hygiene, while “big plastics” lobby groups reportedly increased pressure on governments.
Take risks In organized philanthropy, risk is vital to true innovation; taking risks that others cannot activate will produce substantial long-term change. Act with a long-term vision Unlike government and businesses that must focus on more immediate results, foundations must act with a long-term vision; for example, organizations that operate on annual budget cycles may not be able to invest in building new capabilities that are profitable in the long term. Help coordinate the work team Once risks are assumed and acting with a long-term vision, foundations must focus their attention on the entire work team so that they collaborate together and address the crises we face. This is where a foundation's limitation—its inability to effect systemic change on its own—is an advantage. A foundation's resources, while large compared to those of many other types of organizations, are dwarfed by the budgets of governments or the market valuations of large companies. Nowadays it is necessary to join forces, which is why organized philanthropy has the clear responsibility of leading projects where others cannot or do not want to carry them out. However, it must be remembered that to do it correctly, it requires more than counting money, it takes a long-term approach. The challenges are so great that truly committed organizations cannot waste a minute, and to create real change, it takes organized philanthropy, not just charity.
When the fund was first launched, fund manager said he expected the fund to grow “ as quickly ” as BlackRock's other sustainable finance Nigeria WhatsApp Number List thematic products, “ if not faster .” He described the progress made to date as “ encouraging .” At BlackRock, we believe that the most progressive and innovative companies in reducing the amount of waste going to landfills, the non-renewable resources consumed and the pollution generated, can also generate significant benefits for investors and added that “Proactive disclosure” of information regarding circular economy metrics has increased over the past 12 months, as has understanding of the relationship between climate change and consumer systems. On the latter, the Ellen MacArthur Foundation sees the shift to a circular economy providing up to 45% of the cumulative emissions reductions needed for a net-zero global economy by 2050. billion of material extracted for use is reused annually. Progress towards non-linear production-consumption systems has been interrupted by the pandemic in many sectors, especially plastics and packaging. Many retailers halted, delayed or reduced refill and reuse offers amid concerns around health and hygiene, while “big plastics” lobby groups reportedly increased pressure on governments.
Take risks In organized philanthropy, risk is vital to true innovation; taking risks that others cannot activate will produce substantial long-term change. Act with a long-term vision Unlike government and businesses that must focus on more immediate results, foundations must act with a long-term vision; for example, organizations that operate on annual budget cycles may not be able to invest in building new capabilities that are profitable in the long term. Help coordinate the work team Once risks are assumed and acting with a long-term vision, foundations must focus their attention on the entire work team so that they collaborate together and address the crises we face. This is where a foundation's limitation—its inability to effect systemic change on its own—is an advantage. A foundation's resources, while large compared to those of many other types of organizations, are dwarfed by the budgets of governments or the market valuations of large companies. Nowadays it is necessary to join forces, which is why organized philanthropy has the clear responsibility of leading projects where others cannot or do not want to carry them out. However, it must be remembered that to do it correctly, it requires more than counting money, it takes a long-term approach. The challenges are so great that truly committed organizations cannot waste a minute, and to create real change, it takes organized philanthropy, not just charity.