“Margin Call” is a very underappreciated movie IMO. The movie is starred by Stanley Tucci and Kevin Spacey. There are a lot of parallels between this movie and what happened last Friday with the unwinding of Archegos Capital Management’s positions by Goldman Sachs and others. No idea why I started thinking about it on Friday…
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With the adoption of the Carbon Border Adjustment Mechanism (Cbam), Brussels subjects imports of seven inputs to surcharges of 20% to 35% if production exceeds its environmental limits The European Union has been proactive in pressuring its trading partners to adhere to its domestic greenhouse gas emissions reduction goals, primarily rooted in protectionism. First, with…
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The for sustainability claims are based on three principles: claims must be current and factually correct, they must be concretely substantiated and that substantiation must be understandable and imitable. In the guideline, the AFM explains the three principles in detail and provides examples of good and bad behavior. Those examples should help organizations report as…
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In September, a group of 16 junior diplomats from South America arrived at the Clingendael Institute for a three-week diplomatic training programme. The course focused on strengthening their diplomatic skills, deepening their knowledge on relevant regional and international issues, and familiarising the diplomats with policies in the Netherlands and the EU. The training was divided…
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Was it the professional-critical attitude of the accountant that exposed a conflict of interest at Ajax? There will be no answers. However, accountants point out the special circumstances in professional football that the accountant has to take into account. Like emotions that are rampant, combined with reputational risks. Henk Vlaming “No, the information about purchased…
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“Growth in China is projected to be 5.1% in 2023, faster than the 3.0% in 2022,” the World Bank said The World Bank cut its economic growth forecast for China for 2024, citing continued difficulties in the domestic market including the property crisis and a fading rebound from the re-opening this year. Slower Chinese gross…
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The carbon negative South American country bides its time ahead of potential oil boom The FDI angle: In early June, Suriname’s state-owned company Staatsolie hosted an energy, oil and gas summit in the capital, Paramaribo. The aim was to “bring Suriname to the attention of the world” and promote investment into the country’s nascent offshore…
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Dr Sultan Ahmed Al Jaber, COP28 President-Designate and UAE Minister of Industry and Advanced Technology, on Monday delivered the keynote address during the ADIPEC 2023 Opening Ceremony, stating the energy industry “can and must help drive the solutions”. ADIPEC, the world’s largest energy exhibition and conference, opened on Monday, rallying industries and diverse actors around…
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A quarter of global emissions are now covered, and the share is rising fast IF GLOBAL WARMING is to be limited, the world must forget about fossil fuels as fast as possible—that much almost everyone agrees upon. How to do so is the complicated part. Economists have long favoured putting a price on carbon, a…
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As extreme weather events roiled communities around the world this summer, businesses and governments are feeling more pressure than ever to respond to climate change. Tracking emissions has historically been difficult, because the methods for tracking a company’s carbon footprint are all over the place. In the U.S., corporate sustainability reporting remains unstandardized and largely…
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