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Climate risk tools available to financial institutions suffer from shortcomings in data inputs and scope, despite recent consolidation and technology innovation, according to a new report by the UN Environment Programme Finance Initiative (UNEP FI).
Fri, 03/12/2021 - 01:30. billion to the scheme before moving to introduce a new budget for 2021/22 of just $448 million. billion of COVID recovery funds have been spent on green energy as of early 2021, of which $25.3 The (not so) green recovery: New report warns world is failing to 'build back better'. Cecilia Keating.
It’s hard for an oil giant to ignore: in 2021, Shell labelled fossil fuel divestment campaigns a “material risk.” C above pre-industrial levels, according to the United Nations Environment Programme (UNEP). Second, wind down production of existing fossil fuel stockpiles at the needed 5% annually, as per UNEP.
Bloomberg said that it is the first data provider to integrate the UNEP FI Sector Impact framework into its data offerings. SDG targets include ending poverty and hunger, improving education, and protecting the environment.
Thu, 05/27/2021 - 01:00. Accounting for all the pluses and minuses in food systems. Lauren Baker. The economic foundations of today’s food and agricultural systems continue to be dominated by a singular focus on productivity and increased yields.
While a company’s biodiversity strategy is being fully developed and science-based targets confirmed, we advocate a no-regrets approach , as defined by the UNDP, UNEP and IUCN and expressed by the Science Based Targets Network. Smaller brands taking bold action: INDIGENOUS.
The market for impact investing surpassed USD $1 trillion in assets worldwide in 2021, according to the Global Impact Investing Network. UNEP FI’s Sector Impact Map has been applied across 50,000 public companies using Bloomberg’s granular segment revenue classification.
SDSN Youth Mediterranean publishes the 1st edition of this report The Mediterranean Youth Solutions Report 2021 has been prepared by SDSN Youth Mediterranean, the regional team of volunteers of SDSN Youth, in collaboration with the UNEP/MAP–Barcelona Convention Secretariat and Union for the Mediterranean (UfM).
Mon, 03/22/2021 - 00:30. Environment Program Finance Initiative (UNEP FI), have highlighted the importance of redefining fiduciary duty, in order to stimulate long-term sustainable growth and the economic health of companies. Realizing the full potential of stakeholder capitalism. Michael Wilkins.
Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. UNEP FI is going to play a big role in in the year ahead in the piloting programmes to work out what this will look like.”. Innovative finance.
C this century, according to the UN Environment Programme’s (UNEP) latest Emissions Gap Report 2021: The Heat Is On. It is a now problem,” said Inger Andersen, Executive Director of UNEP. “To To put this number into perspective, carbon dioxide emissions alone are expected to reach 33 gigatonnes in 2021. per cent in 2020.
According to global consulting firm McKinsey , helping higher-emission industries and economies pivot to a lower-carbon economy would involve spending US$275 trillion on physical assets for energy and land-use systems between 2021 and 2050. 1 The average annual spend of US$9.2 trillion would be US$3.5 trillion more than the current outlay.
Nature & Biodiversity Risk applies the Nature Risk Profile methodology that was launched in January by S&P Global Sustainable1 and the UN Environment Programme (UNEP). It covers over 17,000 companies and over 1.6
The global economy relies on the health of the ocean, says Dennis Fritsch, Project Coordinator, Sustainable Blue Economy Finance at the United Nations Environment Programme Finance Initiative (UNEP FI). UNEP FI is working towards integrating the use of sustainable finance practices in support of ocean health by the global financial community.
SDSN had a busy 2021 where a number of our networks, programs, and teams supported the progress towards achievement of the Sustainable Development Goals (SDGs) and the Paris Climate Agreement. The 2021 Networks in Action report, launched in November, features all the major accomplishments of these national, regional and thematic networks.
The Ocean Race is also contributing scientific data to the Ocean Decade Odyssey project , which is an endorsed Project of the UN Decade of Ocean Science for Sustainable Development (2021-2030) supporting efforts to reverse the cycle of decline in ocean health and create improved conditions for sustainable development of the ocean.
According to a new report from the UN Environment Programme (UNEP), United Nations entities strengthened their environmental governance and staff training in 2021, signaling another year of steady progress toward improving the organization’s environmental sustainability. Read the full story at Environment + Energy Leader.
The UN Environment Programme’s (UNEP) 2023 Emissions Gap Report – aptly titled ‘Broken Record’ – clearly states that the world is a long way from limiting global warming to 1.5°C Adaptation bonds are among the potential vehicles for private investment, but policy action is still needed at COP28.
This is the assessment of Eric Usher, Head of the UN Environment Programme Finance Initiative (UNEP FI) which brings together the United Nations and the financial sector to develop responsible investment agendas. For example, the Net Zero Asset Owners Alliance is not led by sustainability teams, it’s typically CIOs who are driving it.”.
In the meantime, 80% of the world’s wastewater is returned to the environment untreated (UNEP, 2016). The UN University estimates that by 2030, there will be a 40% gap between water demand and availability.
Packaging makes up around one third of the municipal waste generated annually in the European Union and the US, says WBCSD, with the cost of adverse environmental effects caused by plastic packaging valued by the UN Environment Programme (UNEP) at around at US$40 billion. UNEP says 400 million tonnes of plastic waste is generated per year.
In 2021, she submitted a proposal to re-evaluate the established production process to reduce material loss and to improve packaging efficiency. “It Boehringer is working on sustainable optimization solutions for these issues in line with the work of the United Nations Environment Programme (UNEP).
Normal 0 21 false false false ES X-NONE X-NONE SDSN Youth and SDSN Youth Mediterranean launched the “Mediterranean Youth Solutions Report 2021”, an incredible opportunity for young students and researchers for contributing to the UN Agenda 2030 and promoting their professional paths. The deadline for submission of projects is 30 April 2021.
A panel on building government capacities for addressing transboundary impacts and global challenges included a broad set of actors: Mara Cossu, Ministry for Ecological Transition of Italy; Jocelyne Croes, Special Advisor on Multilateral Affairs and the Chair of the National Aruba SDG Commission; Luisa Marelli, Deputy Head of Unit, Bioeconomy Unit, (..)
This expert group includes representatives from the UNEP World Conservation Monitoring Centre, standard setters EITI and SASB, and investment institutions FTSE Russell and S&P Global. The first completed Sector Standard – for oil and gas – published in October 2021.
In 2021, the Cisco Foundation made a bold commitment to address the climate crisis, pledging $100 million over 10 years to fund innovative climate solutions. billion in 2021 to $45.6 The climate tech investment landscape has experienced significant fluctuations over the past few years. billion ( Pitchbook ).
She replaces Elizabeth Maruma Mrema, who stepped down from the role in March due to the “growing demands of her responsibilities” as Deputy Executive Secretary of the UN Environment Programme (UNEP), the taskforce said.
Every year more than 2 billion tonnes of municipal solid waste (MSW) is produced across the planet, as shown in the UN Environment Programme’s (UNEP) Global Waste Management Outlook 2024. Launched in 2021, it is a multi-thematic Article 9 fund, meaning it has distinct sustainability objectives. billion tonnes.
Indoor air quality and the energy cost of buildings High indoor CO₂ and VOC levels are increasingly linked to cognitive impairment, with a 2021 Harvard study showing that even moderate increases in indoor CO₂ can slow response times by 1.4-1.8% and reduce accuracy by up to 2.4% on cognitive tasks.
Analysis from the United Nations Environment Program (UNEP) concludes that a 45% reduction in global methane emissions by 2030 is essential to limiting global warming to 1.5 In 2021, our methane intensity was 0.028%, based on Pipeline and Hazardous Materials Safety Administration (PHMSA) throughput. infrastructure. In the U.S.,
As of 1 July 2020, the number of cases had nearly doubled, with at least 1,550 climate change cases filed in 38 countries, according to the UNEP Global Climate Litigation Report. In 2017, there were 884 cases brought in 24 countries. As of January 2022, 1,853 cases have been reported.
This is unequivocal and unsustainable (IPCC 2021). in 2021 to 10,042 TWh, a new all-time high and 2% above the previous record set in 2018. Currently, humanity uses the equivalent of 1.7 planets to provide the resources needed to produce goods and absorb waste (Global Footprint Network 2020).
The Global Commitment, co-launched in 2018 by the EMF and the UN Environment Programme (UNEP), sets targets for businesses to reduce plastic waste and pollution by 2025. The report, however, also said that business signatories are likely to miss key 2025 goals.
A 2021 paper by the BlackRock Investment Institute opined that the US$100 billion financing target for developing market transition was “not sufficient”. This is increasingly important as it becomes clear that major investment is needed just to cope with the 1-degree temperature rise we are already known to be experiencing.
The findings are based on an examination of nearly 500 publicly available insurance company responses to the National Association of Insurance Commissioners’ (NAIC) 2021 Climate Risk Disclosure Survey, which implemented Task Force on Climate-related Financial Disclosures (TCFD) recommendations for the first time. ET Thursday, July 27.
New Climate Bonds Initiative report highlights growth in GSS bond issuance in 2021. . Latin America accounted for 15% of sovereign GSS issuance in 2021, compared with 8% from Asia-Pacific and 1% from Africa. . In 2021, the 11 issuers that priced sovereign sustainability bonds were EMs, Climate Bonds said. . Looking ahead .
NEW YORK , 16 September 2021 - The Council of Engineers for the Energy Transition (CEET) - an independent advisory council to the United Nations Secretary General - has been formally launched. The CEET will comprise 50 world-class engineers that reflect a balance of multi-stakeholder constituencies.
Because of their multiple benefits, investments in NbS would represent “good value for money” at a time of global macroeconomic uncertainty, said Ivo Mulder, Head of the Climate Finance Unit at the UN Environment Programme (UNEP). . Where finance flows, action follows,” she said, adding: “Where finance flows lag, commitments wither.” .
The Central Bank of Azerbaijan (CBA) launched a taxonomy standardisation initiative, and in summarising the outcomes of COP29, the United Nations Environment Programme Finance Initiative (UNEP FI) noted the agreement on an urgent need to scale adaptation finance, using concessional finance, metrics and taxonomies in mobilising private investment.
Last year, UNEP FI issued a briefing paper for investors and other financial institutions which said “there is no foreseeable way in which the financing of [DSM] activities can be viewed as consistent with the Sustainable Blue Economy Finance Principles”.
This view is shared by a group of ESG experts, including famed lawyer Paul Watchman and former UNEP Finance Initiative Head Paul Clements-Hunt, who recommend the adoption of a more punitive regulatory regime for greenwashing offences and a feasibility study into the potential of stand-alone greenwashing legislation.
It is an insurance policy for this generation and future ones, so they may live with plastic and not be doomed by it,” said Inger Andersen, Executive Director of the UN Environment Programme ( UNEP ). Let it be clear that the INC’s mandate does not grant any stakeholder a two-year pause. Plastic pollution in Australia.
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