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In particular, it enables banks to estimate emissions for large portfolios of companies where data is scarce in support of EBA Pillar 3 reporting. The new, sector-based data set enables users to estimate emissions for non-listed companies, small and medium enterprises, and other alternative investments.
The UN Environment Programme Finance Initiative’s (UNEP FI) has opened a new risk centre centralising its resources on climate and nature risks, aiming to help members better identify and manage the ones that are financially material. In addition, a knowledge hub will share resources on assessing risks. “By
” The latest Food Waste Index Report (2024) , compiled by the United Nations Environment Programme (UNEP) and co-authored by WRAP, found that the world wastes over a billion tonnes of food – one fifth of all food available to consumers at the retail, food service and household level annually.
Banking association AFME’s response, detailed below, raised similar concerns. The CSRD, on track to begin applying from the beginning of 2024, is aimed as a major update to the 2014 Non-Financial Reporting Directive (NFRD), the current EU sustainability reporting framework.
The Science Based Targets initiative ’s (SBTi) much-anticipated Financial Institutions Net Zero (FINZ) standard is expected to place banks under more pressure to increase their climate-related transparency and ambition. Process metrics weigh controllable actions that an organisation can undertake achieve an outcome.
After years of negotiation, the fund, which will launch in 2024, received pledges of more than US$700 million from countries at the event. 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. MDBs provided about US$5.5
The United Nations Environment Program (UNEP) is working to develop an international legally binding agreement to address plastic pollution and the INC process is the vehicle used to negotiate and deliver such an agreement. As the name implies, the pending zero draft is only a starting point for detailed negotiations and even compromises.
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). The resolution will help to forge an international legally binding agreement by the end of 2024. What is a sustainable blue economy?
The investor-led initiative will be advised by UNEP and is backed by the Archbishop of Canterbury, Archbishop of Cape Town and the UN-convened Principles for Responsible Investment (PRI).
According to the UN Environment Programme – Finance Initiative (UNEP FI), the finance sector has ground to make up too, albeit at least some of the responsibility for this also sits with governments. Private sector investment in nature had swollen to US$102 billion by May 2024, an eleven-fold increase on May 2022, apparently.
Nature does everything.” – the words of UNEP Executive Director Inger Anderson at Davos 2024 during a session exploring if the financial risks of climate change are under-priced. According to WEF’s 2024 Global Risks report , biodiversity loss and ecosystem collapse rank as one of the top three risks over the next decade.
Alliance extends net zero targets to capital markets activities, as frameworks provide more tailored approach for banks’ transition strategies. The second of the four guidelines requires banks to establish an emissions baseline and annually measure and report the emissions profile of loans and investments. billion from Barclays.
trillion globally, according to the World Bank from a mere US$15 billion in 2013. She adds that, this is why ICMA partnered with other organisations such as the IFC and UNEP FI, “because they all have their own specific guidance for blue ….we As of January 2023, green bonds had raised US$2.5 What are the notable blue bond issuances?
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. It’s very much driven by UN SDGs and the UNEP priorities,” Mollin explained. billion tonnes. The economic cost is also substantial.
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.
A 2024 peer reviewed paper found that 30 major issues in the ISA regulations remain outstanding and that the ISA internal 2025 target date for completion is unrealistic. In an appendix on relevant guidelines and reporting standards, the handbook does not list the UNEP FI report, the ICMA guidance, or the UNCTAD classification.
After peaking in 2021 with a record $48 billion in global venture and growth equity investment, the sector saw a third successive year of decline in 2024, dropping to $30 billiona 14% decrease from 2023 and a 37% drop from its 2021 peak ( Sightline Climate ). Debt financing for climate tech soared from $13.9 billion in 2021 to $45.6
The Taskforce for Nature-related Financial Disclosures (TNFD) has published its final recommendations for nature-related risk management and disclosure, serving as a tool to “operationalise” the achievement of Target 15 of the Kunming-Montreal Global Biodiversity Framework (GBF). According to Tony Goldner, Executive Director of TNFD, the recommendations (..)
.” Subsequent versions of the framework are set for publication in 2024, featuring specific KPIs for ten priority sectors and expanding coverage to include more asset classes and positive impact targets.
Stronger wording might have been possible, but this was a big step in the right direction,” said Remco Fischer, Climate Lead, UN Environment Programme Finance Initiative (UNEP FI). I wouldn’t be surprised if next year we see something of a policy pause in 2024, partly because of the nature of the election cycle,” says Thomae.
General Motors announced it was delaying its plans to produce 400,000 EVs by the end of 2023 to mid-2024, citing battery supply issues. Tackling the tailback With governments’ 2035 phase-out deadline edging ever closer, EV transition efforts may stall in the face of rapidly growing global demand.
megawatt (MW) peak of isolated solar grids by mid-2024. Brouwer suggested that organisations, such as the World Bank, should invest in “strengthening policies and skills” in certain African countries to ensure that the investment environment is safer for investors.
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. GRI 12 will come into effect for reporting from January 2024. . ESG and corporate governance research, ratings and analytics firm Sustainalytics ?
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