New partnership makes investment opportunities simpler and more accessible: 'Growing complexities ... require both technology and human expertise'
Financial company JTC has announced its partnership with Novata, a sustainability technology company.
A new collaboration between JTC and Novata is a positive step toward more sustainable investment, with the partnership aiming to "support asset managers and investors with their sustainability goals," according to International Adviser.
With the aim of helping companies achieve their sustainability goals, Novata can "automate data collection and reporting, streamline carbon accounting, and simplify regulations," the press release explained.
Novata is a B-Corp certified public benefit corporation, so it is hopeful to see a multimillion-dollar fund administration service like JTC partner with them in this way.
JTC previously appointed David Vieira as the Group Head of Sustainability in 2023, offering a Sustainability Services business to investors who want to have a positive impact on the environment.
Many corporations have been called out for claiming to be more eco-friendly than they are. When it comes to sustainability, more transparency within the financial sector can only be a good thing to prevent greenwashing.
Luckily, organizations and individuals are taking a stand against greenwashing to tell corporations that their misleading tactics are deeply problematic. The collaboration between a major financial company and a leading sustainability technology company will hopefully set a precedent for other financial organizations to genuinely make eco-friendly investments more accessible for their clients.
The world is moving toward a cleaner economy, and it has never been a better time for corporations to shift their investments away from planet-harming projects to opportunities like clean energy and sustainability-focused businesses.
It is vital that high-income individuals take accountability for their carbon footprint and work to be more sustainable. After all, a billionaire produces a million times more carbon pollution than the average person. Beyond this, the wealthiest 10% of Americans are responsible for 40% of the country's pollution.
Novata's head of partnerships, Conor O'Laoire, said: "The growing complexities of sustainability regulation and reporting require both technology and human expertise, which is why I'm happy to be announcing our partnership with JTC."
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He added that Novata will "offer market-leading solutions that encompass both sustainability technology and advisory services to JTC's clients around the world."
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Business Insider
34 minutes ago
- Business Insider
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The post-layoff note on LinkedIn has become so ubiquitous that it's now a social media cliché. Many of the newly laid-off have no qualms declaring themselves #OpenToWork. There's even layoff merch now. To welcome the legions of freshly unemployed, a network of layoff support groups has emerged. On Reddit, r/Layoffs is in the top 2% of subreddits by size, with more than 120,000 members. On LinkedIn, there are more than 100 groups for those affected by layoffs, including company-specific groups for Meta, X, and Amazon. Across social platforms, layoff influencers are attracting thousands of followers by sharing advice and commiserating with those in the same boat. While workers can't change the fact of being laid off, they are no longer taking it lying down. In the 1990s, layoffs had become more or less standard business practice, but there was still a major taboo around them. 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The post-layoff note, with its cheery tone and calls to "reach out if you're hiring," quickly became standard practice. As more layoffs have hit in the past year, the stigma has vanished even more. "It used to be if you got laid off, it's because you're a screwup — you're just a bad employee," Mustafa says. "Now it's just par for the course." For some, being laid off became not just a LinkedIn update but lucrative content. Giovanna Ventola, a commercial real estate worker, first went viral for sharing advice to other job seekers after being laid off three times in three years, Bloomberg reported. She has gained nearly 30,000 followers sharing her perspective on coping with unemployment and has launched a professional networking platform, Rhize. Others have documented their days-in-the-life navigating being newly unemployed. In her newsletter, Ehrenkranz has spotlighted stories from everyone from a design intern for the National Park Service to a creative director at Google. "I definitely think it's opening up people's eyes to the fact that a layoff is not this thing that happens to a certain type of person in a certain industry," Ehrenkranz says. "It's something that can happen to anyone." The new visibility of layoffs doesn't make it any easier when a call with HR gets added to your calendar. Research published in the International Journal of Mental Health found that losing a job increased the risk of depression, risky substance use, and suicide. For Mustafa, being laid off meant involuntarily grinding his teeth at night and having debilitating stress headaches. Christine Reichenbach was laid off from her chief of staff role at the cloud computing company VMware in January 2024 while she was 34 weeks pregnant. It quickly sent her into a downward spiral. She ended up on postpartum anxiety medication and, despite having ample savings, put her baby in day care at seven weeks to frantically hunt for a new job. "It was very illogical," she says. "It's just what it did to my brain." At the time, Reichenbach was introduced to a Discord group called The Labor Club, a referral-only application-based group of 500 women who have experienced being laid off while pregnant or postpartum. "It's a specific niche that was just awful to experience," Reichenbach says. Her husband, though supportive, couldn't relate to what she was going through. "He has no idea what it's like to be laid off pregnant." Instead, she had a pool of women to turn to for both practical resources and, importantly, emotional support. After some soul-searching, Reichenbach decided to leave Big Tech altogether and founded her own company, The Phoenix Formula, at the start of this year with the goal of empowering other job seekers. She is also building her own support group, Beyond the Layoffs, on LinkedIn and Slack. "People need a space for this to actually be constructive," she says. If members need a space to yell in all caps, there's a channel for that. 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- Hamilton Spectator
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