A ‘digital handshake’ for the planet: How one asset management firm adopted a new framework for ESG
Publishing timestamp: 2023-12-19 14:11:03
Summary
The article discusses the use of the Ecological Benefits Framework (EBF) by Newday Impact Investing as a new approach to social investing. EBF takes into account six elements (air, water, biodiversity, healthy soils, equity, and carbon) to evaluate the impact of businesses. Newday Impact is the first institution to adopt EBF in its investment process. The article also mentions the application of EBF metrics to evaluate the healthcare company McKesson. The goal of EBF is to provide a comprehensive measurement, reporting, and verification (MRV) library for investors to make environmentally conscious decisions. The article also mentions plans to incorporate blockchain and machine learning into EBF and the potential for EBF to lead to market-based solutions.
Sentiment: NEUTRAL
Tickers: MCK,
Keywords: environment, wall street, pollution, business, business news, markets, breaking news: investing, mckesson corp, science, stock markets,
Source: https://www.cnbc.com/2023/12/19/how-one-asset-management-firm-adopted-a-new-framework-for-esg.html