Today’s ESG updates cover the NFL facing losses in billions over climate-related challenges affecting its operations. Plus, Power2X and Advario’s collaboration on a major e-SAF facility in Rotterdam, investor interest in ESG declining while governance rises, carbon accounting complexities hindering net-zero goals.
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NFL stadiums face $11 billion in climate-related losses by 2050, study reveals
A 2024 study projects that the 30 NFL stadiums could face a combined $11 billion in climate-related losses by 2050. The greatest impact is expected at New York’s MetLife Stadium, where losses could amount to $5.6 billion caused by storms and floods. Additionally wildfires and extreme heat are cited as the main reasons for the expected losses.
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Further reading: Climate X Report Projects up to $11 Billion in Cumulative Losses for NFL Stadiums by 2050 due to Climate Risks
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Investors’ interest in ESG continues to decline, with governance taking the spotlight
Investor enthusiasm for ESG investing has cooled further, with only 48% of investors now considering ESG factors in their portfolios. While according to the AIC’s ESG Attitudes Tracker, investors’ interest in environmental factors has decreased, governance has grown significantly. Interestingly, 17% believe that ESG investments improve performance, and scepticism over greenwashing persists. The most effective way to counteract greenwashing is the newest AI-powered ESG-reporting software.
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Further reading: Investors’ ‘love affair’ with ESG continues to cool
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Multiple carbon accounting systems could hinder net zero goals
A new study from the University of Bath makes it clear that the existence of various carbon accounting systems is making it more difficult for companies to reach net zero. The complicated nature of these systems leads to many companies failing to accurately report their emissions. To help resolve this issue a standardised global system is needed to ensure transparency and consistency in carbon reporting. This could be accelerated by sustainability reporting software.
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Further reading: Carbon Accounting Needs to be Unified to Reach Net Zero
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Power2x and Advario lead the way in sustainable aviation with major e-SAF facility in Rotterdam
Power2X and Advario are collaborating to produce 250,000 tonnes of sustainable aviation fuel (e-SAF) annually. The facility in the port of Rotterdam will fuel over 7,000 transatlantic flights each year. To help achieve a steady supply to airports, Advario will also construct a storage facility of 230,000 cubic metres. This initiative is aligned with the European Union’s target to produce 20% of aviation fuel from renewable sources by 2030, with the facility expected to meet 40% of the required e-SAF volume.
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Further reading: Power2X und Advario entwickeln E-SAF-Hub von Weltformat im Rotterdamer Hafen
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Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Zetong Li
