Sustainability | ~4 min read

Sun, sea and… sustainability summer stories

This summer we’re reflecting on the wide range of sustainability topics covered on our blog so far this year. Whether you’re heading for a coastal break, or packing sunscreen for an inland trip, travel often highlights sustainability considerations.

Here are three topics we’ve addressed on the blog that resonate with this time of year:
Can the shipping sector move away from fossil fuels?

If you’re on the beach or even enjoying a cruise this summer, you might spot container ships or tankers on the horizon. While shipping is the backbone of global trade, it is also one of the hardest sectors to decarbonise.We examined how alternative fuels like green ammonia and biofuels, alongside efficiency measures and new regulations, are helping to reduce the industry’s carbon footprint. The expansion of the EU Emissions Trading System and upcoming IMO carbon pricing both mark important steps toward the sector becoming more accountable for its role in decarbonisation.

Read more: How shipping seeks to reduce its carbon footprint | AllianzGI 

How can consumers be kept safe from toxic chemicals?

Sun protection is a summer essential. Although most skincare products are harmless, we wrote recently about the potential effects on the environment and human health of certain toxic chemicals that can be found in some beauty and cosmetic products. With this market set to grow from USD 335 billon to USD 556 billion by 2032, industry oversight is gaining momentum and a growing focus on product safety and transparency of ingredients is likely to be intensified by regulation. In light of this we have developed a specific engagement approach to address the potential risks of these chemicals..

Read more: Setting the foundation for safer cosmetics | AllianzGI 

Is the role of stewardship changing?

The impact of global warming is affecting when and where we take holidays. We have put topics like the physical risks of a hotter planet at the heart of our stewardship approach, and engagement has an important role to play here in helping investors understand how companies are adapting – and where they need to do more.

The political and regulatory changes of this year have undoubtedly influenced perspectives on sustainability – especially in the US – but in such times of market disruption, as we’ve seen in the past half year, stewardship actually remains a vital tool for addressing material sustainability risks.

We published a blog post about doubling down on engagement because we believe a more resilient world and a more resilient economy means continuing to challenge and engage in areas where there has been less progress and where sustainability risks remain pressing.

Read more: Why now is the time to double down on engagement | AllianzGI 

Stay tuned to our Sustainability Blog after your summer break as we continue to unpack the sustainability issues that matter most for investors.

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