The African Development Bank (AfDB) on Thursday signed two loan agreements with the Government of Kenya amounting to millions of dollars to finance a major regional hydroelectric power project and the enhancement of the country’s higher education system. more[...]
Worsening weather in a warming world poses a growing risk to the financial stability of insurance companies and has broad ramifications for the economy and society, according to a new report. more[...]
Over the past several months, extreme weather and climate events in the form of heat waves, droughts, fires, and flooding have seemed to become the norm rather than the exception. In the past half-year alone, millions of people have been affected across the globe – from Europe suffering from the worst cold snap in a quarter century; to extreme flooding in Australia, Brazil, China, and the Philippines; to drought in the Sahel. Records have been broken monthly in the continental United States, with the warmest spring and 12-month period experienced this year and severe fires and drought affecting large swaths of the country. more[...]
Deutsche Telekom has been the first DAX 30 company to establish a quota for women: By the end of 2015, 30 percent of upper and middle management positions in the company are to be filled by women. This is a Group-internal requirement and applies worldwide. René Obermann, Chairman of the Board of Management of Telekom, summed it up as follows: “Taking on more women in management positions is a matter of social fairness and, above all, a categorical necessity for our success. Having a greater number of women at the top will simply enable us to operate better.” more[...]
Following increasing incidents of extreme weather events which disrupted business operations and supply chains around the world, climate change has climbed the boardroom agenda, according to the Carbon Disclosure Project (CDP) Global 500 Climate Change report released today. With the hottest US summer on record, fires in Russia and flooding in the UK, Japan and Thailand, among other events, 81% of reporting companies now identify physical risk from climate change, with 37% perceiving these risks as a real and present danger, up from 10% in 2010. more[...]
Recent events in many countries across the world are a stark reminder that the power of the human spirit should not be underestimated. As we put the “Great Recession” behind us and look toward a more positive – and yet vastly different – new era, we are reminded that it was the innovation, creativity, and passion of people who got the world through those challenging times. During the downturn, companies had to cope with “doing more with less” – raising productivity yet with fewer people to get the work done. This required new approaches, new perspectives, and above all, new ingenuity. The recession is in our rearview mirror but that pressure to do more with less has endured – we have entered the Human Age. more[...]
Citizen website and mobile apps are popping up in Latin America encouraging to report the bribes they pay for healthcare, bureaucracy help or education services. This new source of data can be used as a lobbying tool to get government officials to act. more[...]
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