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Time for a fair phase out of fossil fuels

Corporate Knights

Meanwhile, Bloomberg Intelligence reported that “oil companies are finding it increasingly difficult to raise financing amid rising environmental, social and governance (ESG) concerns, while banks are under pressure from their own investors to reduce or eliminate fossil-fuel financing.”.

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Investors, Banks Push Back on EU Plan to Ease Sustainability Reporting Rules

ESG Today

Banking association AFME’s response, detailed below, raised similar concerns. The European Financial Reporting Advisory Group (EFRAG) was mandated by the European Commission in June 2020 to prepare for new EU sustainability reporting standards, and in November 2022, EFRAG submitted its final ESRS draft.

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Capital Flows not Supporting Nature Commitments

Chris Hall

“Investors and companies are increasingly setting climate and nature targets, but once those are in place, they need to be thinking more about how to redirect capital [in line with these goals],” Ivo Mulder , Head of the Climate Finance Unit at the UN Environment Programme (UNEP), told ESG Investor. trillion in 2022.

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AllianceBernstein: Reflections on COP28: Opportunities Amid Challenges

3BL Media

This is well below the US$387 billion a year that developing countries need, according to the United Nations Environment Programme (UNEP)’s Adaptation Gap Report. One of the ways to increase funding, according to UNEP, is for the Loss and Damage Fund to move toward more innovative financing mechanisms. MDBs provided about US$5.5

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This Week’s Tech and Tools News: UNEP FI Issues Oceans Toolkit for Investors

Chris Hall

ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including UNEP FI, ISS ESG, ISSB, Xpansiv and Carbon Trust. The post This Week’s Tech and Tools News: UNEP FI Issues Oceans Toolkit for Investors appeared first on ESG Investor.

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One Health: The International Community Takes A New Step Forward

Impakter

On June 30, 2022, the World Bank’s Board of Executive Directors approved the establishment of a Pandemic Prevention, Preparedness and Response Financial Intermediary Fund (FIF) to focus on critical investments in low and middle-income countries, regions, and beyond, in order to strengthen pandemic prevention, preparedness and response (PPR).

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The ESG Interview: Dancing into the Mainstream

Chris Hall

Sustainable finance, until recently still a niche activity, is now a mainstream strategic consideration for banks, asset managers and insurers. Usher says asset managers are not alone; many members of the Net Zero Banking Alliance have taken a similar view, choosing to side with management on climate for the time being. Race to zero.