‘Get ESG-ready’ series: What is ESG and why is it relevant now? January 13, 2023 Companies are like citizens, they need to act responsibly and try to do more good than harm. Many of us will have heard of ‘Corporate Social Responsibility’ (CSR) and similar ideas such as the ‘Triple Bottom Line’, ‘Corporate Purpose’ and ‘Shared Value’. In practice, many of these ideas were hijacked by marketeers, which meant that [...]
Unlocking the value of environmental, social and corporate governance January 13, 2023 What do Accountants need to know to get ready for ESG? In this webinar Marc Lepere, Founder & Chief Science Officer at Omnevue, in partnership with Croner-i, explains the new regulations and sets out 4 key takeaway’s to help Accountants prepare to answer their clients changing needs.
Dimon heralds ‘fortress balance sheet’: JP Morgan revenue up 17 per cent as interest rate boon continues January 13, 2023 JP Morgan beat expectations in its quarterly results, reporting increases in both income and revenue as higher interest rates continued to benefit the Wall Street giant. In the three months to December 31, JP Morgan reported net income of $11.0bn (£9.0bn), up from $10.4bn in the same period last year. The bank’s earnings per share [...]
Inclusive ESG: The New Frontier for Capitalism? January 13, 2023 The core aim of any business is the healthy pursuit of profit. Seasoned capitalists may agree that the pursuit of profit is necessary to fuel economic growth and contribute to the development of all our futures, even if in reality, your first port of call is to ensure you meet the needs of your key [...]
Business can’t buy itself green, but it can change the game January 13, 2023 As the FTSE 350 pump cash into carbon credits, Tommy Ricketts argues that offsetting projects can change the game - if we know what they're buying.
City’s Lord Mayor: London isn’t an “evil fairy godmother” dragging rest of the UK down January 12, 2023 The City of London’s Lord Mayor will tonight warn that the capital has been “cast as the villain in our national story” despite being an engine of economic growth for the whole country. Nicholas Lyons, who took on the role in November of last year, will tell a black tie dinner at Mansion House tonight [...]
Mark Kleinman: My bold predictions for 2023 in the City – from Natwest to Spurs January 11, 2023 After the political and economic events of 2022, the idea of being able to predict anything with confidence seems even more outlandish than usual. Nevertheless, with the UK economy precariously balanced less than two years before a general election, these seem – in early January – to be sensible bets for UK plc in 2023. [...]
Explainer-in-brief: No industry seems to be safe from layoffs January 11, 2023 In keeping with the trends of 2022, this year opened with more announcements of layoffs in all kinds of sectors. Corporate law firms in the City have hinted they might follow in their US counterparts’ footsteps and start sacking staff. Amazon has declared it will let more than 18,000 people go. And Goldman Sachs has [...]
Standard Chartered mulls sale of £3bn aviation arm days after First Abu Dhabi Bank drops takeover bid January 11, 2023 Standard Chartered is considering selling its £3bn aviation finance business, the bank said today. Standard Chartered’s aviation business, which is based in Ireland, accounts for around two per cent of its total income. The business owns and manages over 120 aircraft, leasing them to over 30 of airlines around the world, according to Airfinance Journal’s [...]
Is ESG facing an existential crisis? What could be next for sustainable investing… January 11, 2023 It’s been a rough year for ESG – Russian oil companies qualify as sufficiently environmentally and socially responsible to receive ESG funds. Sam Bank-Friedman’s bankrupted FTX crypto enterprise has a higher ESG score on ‘leadership and governance’ than Exxon/Mobil. In light of the discovery of controversial ESG fund allocation, it is vital ESG undergoes a significant [...]