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ISS ESG Launches Tool to Help Banks Estimate Portfolio Emissions to Meet Sustainability Reporting Requirements

ESG Today

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.

Banking 113
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UNEP FI Risk Centre Bridges Theory and Practice

Chris Hall

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

UNEP 64
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Food waste contributes 10% to global emissions but 9 out of 10 countries’ NDCs fail to focus on food waste and loss

Envirotec Magazine

” 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.

Waste 105
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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 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.

Banking 131
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SBTi Net Zero Standard to Boost Banks’ Transition

Chris Hall

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.

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AllianceBernstein: Reflections on COP28: Opportunities Amid Challenges

3BL Media

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

UNEP 147
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Eliminating Plastic Pollution, Reflections From Tracey Campbell

3BL Media

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.

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