SustainCase newsletter – wk41, October 2024
EU deforestation backflip: Conservatives cheer, green groups rage
A much-debated deforestation law has been postponed by the European Commission, sparking outrage from environmentalists but relief from affected businesses. The EU executive bowed to pressure from businesses when it announced a 12-month postponement of a new law designed to prevent deforestation.
Deutsche Bank Adds Ocean Protection Requirements into Financing Policies
Deutsche Bank announced a series of finance and due diligence commitments aimed at strengthening its ocean protection policies, including the implementation of a freeze on direct financing of deep-sea mining projects.
Case study: How Itaú Unibanco works with its clients and customers to encourage sustainable practices
October 8, 2024 – Itaú Unibanco is a publicly listed financial institution, organized under Brazilian law. Its shares are traded on the Brazilian stock exchange (B3) and the New York Stock Exchange (NYSE). Itaú Unibanco operates in 18 countries and territories across the Americas, Europe, and Asia, with its main activities focused on Corporate and Investment Banking, Asset Management, Private Banking, and Retail operations. Itaú Unibanco is a signatory of the Principles for Responsible Banking (PRB) and is, accordingly, working with its clients and customers to encourage sustainable practices and enable sustainable economic activities. Read more.
Case study: How SIX creates economic value for its stakeholders
October 7, 2024 – SIX is Europe’s third-largest exchange group, providing and operating stable and efficient infrastructure for the Swiss and Spanish financial centres, ensuring access to the capital markets and the flow of information and money between financial market players. At the core of SIX’s sustainability agenda is creating long-term value for its clients and all its stakeholders, and positive impacts for the communities it serves. Read more.