Fructify Network

New week, new for you to stay up-to-date on what is happening around sustainability across the world.

💡News of the Week
1. Down with work - how reducing hours in the workplace could help avert a climate catastrophe. According to a sustainability expert at UNSW Sydney, focusing on well-being rather than wealth could actually be our best chance of avoiding the most catastrophic outcomes of climate change.

2. Coffee could disappear from shelves by 2050 due to climate change. “Farmers who grow coffee beans are experiencing serious challenges due to many extreme weather events, such as in Kenya, East Africa, which is right now experiencing its worst drought on-record. “A worrying 93% of the Fairtrade coffee farmers in Kenya surveyed are already experiencing the effects of climate change.

3. Recapturing excess heat could power most of Europe, say experts. Preventing heat waste largely being ignored as solution to energy crisis, say environmental campaigners. -

📢Inside the Knowledge HUB
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Is it possible to measure the S of the ESG?

👁️‍🗨️Trend-watch
Considered unmeasurable or difficult to measure, the S of the ESG did not lift up to the popularity of the E of the ESG at business level.

The Social & Human Capital, a decision-making framework, enables organizations to identify, measure and value their direct and indirect impacts and dependencies on social capital & human capital.

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Would you like to get up to speed with sustainability?

Then our is exactly for you. The weekly update highlights news, actions, trends, reports, events on sustainability and more.
💡News of the Week
1. In US, Federal Reserve Board will conduct its pilot climate scenario analysis focusing on the six largest U.S. banks JPMorgan Chase, Citigroup, Goldman Sachs, Bank of America, Morgan Stanley and Wells Fargo. The tests will focus on both physical risks from climate change and transition risks that banks are exposed to as the world transitions from fossil fuels.
However, in Europe the latest stress tests, conducted by the European Central Bank (ECB) in 2022, found that ~ 60% of European banks do not yet have a climate risk stress-testing framework.

2. Major milestone for EU energy: Wind and solar produced more electricity than gas in 2022. The renewable energies were responsible for a record fifth (22 per cent) of the bloc’s electricity, a new report from clean energy think tank Ember shows.

3. The European Commission has launched a Green Deal Industrial Plan to enhance the competitiveness of Europe's net-zero industry and support the fast transition to climate neutrality.
It is based on four pillars:
- a predictable and simplified regulatory environment,
- speeding up access to finance,
- enhancing skills,
- open trade for resilient supply chains

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