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."
Do you think billionaires spend their money wisely?
Definitely
No way
Some do
Most do
Click your choice to see results and speak your mind.
He added that Novata will "offer market-leading solutions that encompass both sustainability technology and advisory services to JTC's clients around the world."
Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
2 hours ago
- Miami Herald
Another Fed official reveals when you might expect interest rate cuts
There's been a bit of a kerfuffle among Federal Reserve Board officials over the forecast for interest rate cuts. These are the same rate cuts that rattle and roll every aspect of the U.S. economy right down to your household. Don't miss the move: Subscribe to TheStreet's free daily newsletter These interest rates are having a moment from consumer wallets and price increases to mortgage rates and housing starts to Treasury bonds and investments. Related: Fed official sends shocking message on interest rate cuts Millions of Americans – including President Donald Trump – want immediate relief. Federal Reserve Board Chair Jerome Powell urges patience as the full impact of Trump's tariffs and trade wars pass through inflation and employment numbers over the next three months. Hours after a Fed governor called for more immediate action in a move that gobsmacked Fed and market watchers, another Fed official chimed in with an the sixth month in a row, the central bank opted to hold the Federal Funds Rate steady at 4.25%-4.50% at its June meeting last week. Fed Chair Jerome Powell said the expected lagging impact of tariff inflation on the economy's supply chain, while likely short term, led to the prudent waiting period. Trump's proposed tariffs – essentially an external sales tax to U.S. trading partners that we pay one way or another – face a July 9 deadline. Data shows the overall U.S. economy is "solid,'' Powell said at the June meeting. The Fed's biannual Monetary Policy Report to Congress, released June 20, supports this assertion. "Growth in private domestic final demand was moderate, reflecting a modest increase in consumer spending and a jump in capital spending,'' the report said. "However, measures of household and business sentiment have declined this year amid concerns about the effects of higher tariffs on inflation and employment as well as heightened uncertainty about the economic outlook.'' The Fed's dual mandate: prudent monetary policy that keeps both inflation and unemployment relatively stable to avoid a recession or worse. The Federal Open Meeting Committee controls the Federal Funds Rate, which banks charge each other overnight to borrow money. The funds rate is tied to the cost of borrowing money for consumers, investors and businesses. Related: Forget tariffs, Fed interest rate cuts may hinge on another problem The Federal Open Meeting Committee said July 18 it would keep the Federal Funds Rate at 4.25% to 4.50% for June. Data over the next few months will indicate if the Fed will decide on two or fewer rate cuts in 2025, portfolio manager Chris Versace said in a TheStreet Pro post after the FOMC released its quarterly "dot plot" on July 18. The Fed continues "to telegraph that two 25-basis point rate cuts remain on the table for this year,'' Versace wrote. Both Fed and market watchers forecast the next probable rate cut could appear at the September FOMC meeting. San Francisco Federal Reserve Bank President Mary Daly concurred with the FOMC and Powell. In a July 20 interview with CNBC, Daly said monetary policy is in "a good place." Inflation is coming down, which is "great news for American families." Daly took the long walk with Powell's slower stance. "Rate cuts might be necessary in the fall,'' Daly said. The FOMC meets in September. In a contrarian viewpoint, Fed Governor Christopher Waller, a Trump appointee, said the same day that a cut could come as early as July. The current economic data "has been fine" and the tariff inflation bump may follow historical trends to prove transitory in the short term, Waller said in a CNBC interview. "I don't think it's going to be very big," Waller said. His July forecast shocked Fed and market watchers. Both he and Daly agreed attention must be paid to the tariff impact on the jobs market. More Federal Reserve: Fed interest rate cut decision resets forecasts for the rest of this yearFederal Reserve prepares strong message on long-term interest ratesFed official revamps interest-rate cut forecast for this year "Additional softening could turn into weakening. We don't want to see that," Daly said. If it does, Waller said the Fed could pause the rate cut process. "We'll be very interested in the inflation commentary contained in Monday's Flash June PMI data from S&P Global,'' Versace wrote in his TheStreet Weekly Roundup. "Should those comments for input and output prices show rising pressures compared to April and May, they would support Powell's assertion for what's to come.'' The widely watched CME FedWatch tool puts the likelihood of a July cut in the Federal Funds Rate at 10.3% The Fed last cut the Federal Funds Rate in December 2024. The FOMC's next meeting is July 29-30, 2025. Related: Fed official revamps interest-rate cut forecast for rest of this year The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Insider
3 hours ago
- Business Insider
The US military struck Iran with some of its most elusive weapons — stealth bombers and a hidden submarine
The US military relied on two of its most elusive and secretive combat platforms to carry out strikes on Iran's top nuclear facilities, a top general revealed Sunday. Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, said on Sunday that seven US Air Force B-2 Spirit stealth bombers dropped 14 heavy bunker-buster bombs on the facilities as part of a secret, highly complex operation the previous night. The flying-wing B-2, built by US aerospace company Northrop Grumman, features a unique low-observable stealth design that gives it the ability to penetrate enemy airspace heavily defended by surface-to-air missiles without being spotted. Caine told reporters that a US Navy guided-missile submarine also launched more than two dozen Tomahawk cruise missiles from an undisclosed location in the Middle East at Iranian targets. Caine didn't specify what type of submarine was involved in the mission against Iran. The Pentagon declined to disclose the name of the submarine that participated in the operation, and the Navy referred Business Insider to the White House, which did not immediately respond. Guided-missile submarine generally refers to the Navy's Ohio-class SSGNs, which can carry more than 150 BGM-109 Tomahawk Land Attack Missiles, subsonic jet-powered munitions that can be launched from the sea to strike targets over 1,000 miles away. General Dynamics Electric Boat builds the Navy's Ohio-class submarines. These stealthy undersea assets are made with streamlined hulls and quiet propulsion systems, among other technologies, for evading detection. The Ohios, however, are not the only US subs capable of launching Tomahawk missiles. The US military does not typically disclose details of its secretive missile subs, except when it is trying to send a message to adversaries and signal deterrence. President Donald Trump announced Saturday that the US had bombed the Fordow, Natanz, and Esfahan nuclear facilities in what he said was a "spectacular military success" that "completely and totally obliterated" Iran's key enrichment facilities. Beyond the B-2s and the lone submarine, Caine said the operation, called Midnight Hammer, also involved dozens of fighter jets and aerial refueling tankers. He said US forces used 75 precision-guided weapons against Iranian targets. The B-2s dropped 14 bunker-buster bombs — specifically, the GBU-57 Massive Ordnance Penetrator, or MOP, developed by the Air Force Research Laboratory in partnership with Boeing. The big 15-ton weapon is the US military's largest non-nuclear bomb and is regarded as the bomb best suited for hitting Iran's more protected nuclear facilities. The B-2 is the only operational aircraft that can carry the heavy MOP, though the new B-21 Raider will be able to as well. The Spirit can carry two of these munitions. Secretary of Defense Pete Hegseth said the strikes "devastated the Iranian nuclear program." The operation comes as Israeli forces have pounded Iran with relentless strikes over the past 10 days, with fighter jets targeting the country's nuclear program and military capabilities, including air defenses and missile launchers. Tehran has retaliated by launching hundreds of missiles and drones at Israel. Trump, over the past few days, had been weighing whether to join Israel in its bombing campaign. His administration has been tied up in efforts to reach a new nuclear deal with Iran, while Israeli Prime Minister Benjamin Netanyahu has preferred a military approach. He later praised Trump for the US strikes. The US involvement is an escalation in the conflict that could see Iran retaliate against US forces in the Middle East. The Pentagon has a large presence across the region, including warships, aircraft carriers, fighter jets, and ground troops that it says is intended to protect US interests. The president and Pentagon leadership is urging Iran to pursue peace and threatening continued attacks if they do not. It remains to be seen how Iran responds.
Miami Herald
4 hours ago
- Miami Herald
Why More Boomers Are Deciding to Rent
Baby boomers are redefining the rental market, a new study has found, with millions more older Americans now renting homes than was the case a decade ago. Over the past 10 years, the number of renters aged 65 and older has surged by nearly 30 percent, adding 2.4 million senior renters across the country-by far the largest growth of any age group, according to new research conducted by Point2Homes. While the number of renters declined in other age groups, particularly those aged 18 to 54, the number of seniors opting to rent has boomed. Past generations viewed homeownership as a hallmark of independence, but today's older adults are embracing the flexibility of renting. Downsizing, relocating to warmer climates, and avoiding the burdens of home maintenance are just a few of the more positive reasons behind the trend. But rising housing costs, inflation, and limited affordable inventory also play a critical role. As more seniors navigate retirement on fixed incomes, renting is becoming not only a practical alternative, but in many cases, a financially imperative one. The reasons behind the growing number of senior renters are varied, a mix of both lifestyle choices and financial necessity. "Seniors value the flexibility renting provides, which can allow them to downsize, move to better locations, or avoid the responsibility that comes with owning a home and its expenses," Alexei Morgado, a Florida realtor and CEO of Lexawise Real Estate Exam Preparation, told Newsweek. "Owning a home can take a lot of physical energy and money. When renting, you can simply enjoy life without worrying about major repairs, the uncertainty of property taxes, or if your home will lose value or be hard to sell." Shifting cultural attitudes toward aging and independence are also influencing this trend. "In the past, homeownership was viewed as a key indicator of independence in retirement," says Morgado. "The cultural shift in the thinking surrounding aging has moved rapidly, however, and seniors no longer feel as though homeownership is a mainstay of independence and a comfortable life in retirement." He notes that the COVID-19 pandemic accelerated this rethinking. "Seniors began to focus on flexibility and ease rather than stability and predictability, which is often associated with homeownership," Morgado said. "Many seniors have begun seeking smaller properties or apartments in more desirable areas away from their long-time homes and may prefer urban and suburban environments even if there is additional cost or a long-term rental lease. "In this way, renting allows for added freedom of movement if they feel they need to move or relocate." The study found that many senior renters are relocating to warmer climates, particularly in Florida, which is well-known for its large retirement community. Other southern states, such as Louisiana and Texas, are also experiencing an increase in the number of graying renters. In Baton Rouge, the percentage of properties rented by older Americans has boomed by 88.7 percent over the last ten years. Similar numbers are reported in Jacksonville, Florida, and Round Rock, near Austin, Texas. But for many, the switch to renting isn't just a matter of lifestyle-it's a financial necessity, Morgado explained. "The gap between owning and renting is widening, especially for seniors who rely on a fixed income. Home prices have skyrocketed in many parts of the country over the last 10 years with continued high mortgage interest rates," he said. "Rapid changes in housing demand mean that local areas with very limited affordable housing options have both renters and former homeowners looking for an affordable lifestyle. Seniors that once owned homes are now renting for value." Steve Sexton, CEO of Sexton Advisory Group, agrees. "This trend is fueled by both convenience and necessity; however recent economic uncertainty is the more likely driver of seniors renting in retirement," Sexton told Newsweek, noting that many retirees live on fixed incomes that have failed to keep pace with rising housing costs and inflation. "Utilities, insurance, property taxes, and maintenance costs associated with owning a home continue to increase, while Social Security and pensions struggle to keep up," he said. This is exacerbated by a lack of affordable homes on the market, even for those who may prefer to own, Sexton said, a problem that is getting worse over time. As a result, "for many seniors, renting offers a more predictable and/or simplified budget in which they don't have to account for repairs and certain housing expenses." Yet the underlying issue of housing affordability remains a serious concern. A 2024 report by the Joint Center for Housing Studies found that more than 40 percent of renters aged 65 and older spend more than 30 percent of their income on rent, the threshold at which the U.S. Department of Housing and Urban Development considers a household "cost burdened." "The availability of affordable housing, however, is a glaring reality for many seniors," Morgado said, noting that it's "a barrier obstacle to seniors maintaining their independence." Boomers having to rent out of financial necessity is likely to continue. For now, most adults aged 65 and older are homeowners, according to the Joint Center for Housing Studies at Harvard University. However, more than one in five older households, some 7 million, choose to rent, according to the 2023 Housing America's Older Adults study by JCHS. Jeff Lichtenstein, CEO and broker at Echo Fine Properties, said the trend "will get worse in the next decade," with "inflation being the main culprit." "With increased costs coming from tariffs and with cuts in the new bill and from DOGE, it puts seniors in a tough situation," he told Newsweek. "In the next decade, there will be an explosion of baby boomers in that age group. As one loses a spouse or looks at financing, there should be more of a need to rent." Related Articles Gen Z Is Significantly More Afraid of This Trend Than Older GenerationsSocial Security Claims SkyrocketIt's Not Gold-Digging, but Gen Z Will Marry for Money, Predicts ExpertGen Z's Trauma Therapy Compared to Millennials, Boomers 2025 NEWSWEEK DIGITAL LLC.
