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Their membership was celebrated at an event held during the Olympic Games Paris 2024 , and brought the total number of Framework signatories to 76. Biodiversity protection was a major focus for Paris 2024 organisers, who committed to an “anticipate, avoid and reduce” approach with regard to the environmental impact of the event.
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. Its activity will take different forms.
” 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.
DESCRIPTION: Twenty-three sports organisations, including the International Olympic Committee (IOC) as a founding partner, and the Organising Committee for the Olympic and Paralympic Games Paris 2024, signed the first-ever Sports for Nature Framework today. Spanish Olympic Committee. Papua New Guinea Olympic Committee. England Squash.
As the enabler for transparency on sustainability impacts, Global Reporting Initiative has an important role in the debate, as demonstrated by the new Climate Change and Energy Standards currently under development. SDG Summit USA (23 September 2024, 12.00 - 7.00 pm EST): organized by UN Global Compact USA.
ISS ESG has applied its wealth of experience in measuring physical and transition-related climate risks, regulatory alignment, and much more, to develop a broad and deep dataset, to help streamline banks’ EBA Pillar 3 ESG reporting.” These metrics include, among others, portfolio-level Implied Temperature Rise.
It was developed in consultation with international climate experts and peer-reviewed by the Scientific Advisory Panel of the Climate and Clean Air Coalition (CCAC), convened by UNEP. Today’s announcements are only the beginning,” said Gallagher. Several new methodologies are in the pipeline.
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.
trillion annually required to reach net zero emissions by 2050, and adds that policies to date have focused primarily on developed markets, while emerging markets and developing economies (EMDEs) are still facing significant underinvestment. trillion in 2023, but notes that this still falls short of the estimated $4.8
Among market-led developments, the Institutional Investors Group on Climate Change finalized its guidance on climate solutions , while several firms predicted the emergence of financial products, including exchange-traded funds, that claim to address the physical risks of climate change.
The World Biogas Association BRAZIL Congress 2024 took place on 1 October, and ran concurrently with the G20 Energy meetings in Foz do Iguaçu. ” One of the main outcomes of the Congress was the commitment to create a National Biogas Roadmap, to be developed by COP30, due to take place place in Belém (Pará) in 2025. .”
Officials from the India Meteorological Department attributed the length of the unrelenting heat wave, ironically, to what is commonly seen as a marker of urban “development”: a boom in (heat-trapping) high-rises. B y the middle of April, Mumbai had recorded its highest temperature of the last 15 years, approaching 40°C.
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). It will further attempt to identify where existing ESG data can be consolidated, so investors and corporates can align.
As of October 2024, only 17.16% of land and 8.4% More work is needed to scale up the coverage and to place protected and conserved areas where they are most needed (Protected Planet Report, 2024) The effectiveness of implementation and accountability mechanisms remain a challenge when working towards the targets set out in the KMGBF.
GRI is developing new standards to enhance accountability on the issues that matter most within sectors. Fulfilling financial obligations and steps to tackle corruption – recognizing coal mining often takes place in developing economies or areas of poverty – including transparency on payments, ownership structures and contracts.
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.
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.
Later this month, an Intergovernmental Negotiating Committee will meet in Senegal to begin work on developing the instrument, which the UN hopes to be in place by 2024. UNEP says 400 million tonnes of plastic waste is generated per year. Only 9% of all the plastic ever produced globally has been recycled.
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.
Since that time, the EU Taxonomy has been improved and expanded beyond initial climate-focused criteria, and other jurisdictions around the world have followed suit, developing their own taxonomies. The EU Taxonomy was among the first such tools, with its governing Regulation entering into force on 12 July 2020.
There is the March 2022 resolution to ‘End Plastic Pollution’ and develop an internationally legally binding agreement by 2024 to shift away from single-use plastics and invest in circular solutions – a move could heavily impact the business model of many food and beverage companies. we combine this so the guidance draws on that ”.
Transition-focused guidance for both financial institutions and companies has also been developed and published by groups such as the Glasgow Financial Alliance for Net Zero (GFANZ) and Transition Plan Taskforce (TPT).
On 2 March at the UN Environment Assembly (UNEA-5) in Nairobi, representatives from 175 nations endorsed a resolution to end plastic pollution and develop an international legally binding agreement by 2024. Today marks a triumph by planet earth over single-use plastics. Plastic pollution in Australia. Australia now produces 2.5
By treaty, the ISA is tasked with ensuring the equitable distribution of benefits from DSM, especially to developing countries. 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.
” 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. .” New framework outlines targets for institutional investors to take decisive action on nature risks and impacts.
Investors must engage with investee firms on improving their research and development efforts to create new solutions to plastic waste pollution, according to a five-year progress report from the Ellen MacArthur Foundation (EMF). A final agreement of the global plastics treaty is scheduled for the end of 2024.
With portfolio development support and a vision to accelerate the next wave of climate innovation, the Regenerative Future Fund is dedicated to creating a more sustainable, thriving future through its portfolio of solutions. The climate tech investment landscape has experienced significant fluctuations over the past few years.
Founded in April 2021 by UNEP FI, the NZBA has 143 members overseeing US$74 trillion in capital. The initiative is developing a Finance Net Zero Standard which aims to provide clarity on key concepts, such as what it means to reach net zero for a financial institution. As both thresholds were “comfortably cleared”.
The disparate challenges of different countries will be a running theme, specifically the needs of emerging markets and developing economies (EMDEs), but adaptation will play a lesser role, having been covered in a recent deep dive, as will the failure to agree on carbon markets. Back on track? C in realistic reach.
” A framework for nature The TNFD recommendations and a suite of additional implementation guidance were developed from a two-year consultative process, including pilot testing by over 200 companies and financial institutions. . “TNFD is now the tool to operationalise the achievement of Target 15.”
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. Frank Goguen, Portfolio Manager and Research Analyst at Newton Investment Management, notes automakers have been struggling with “major shortages of key components, such as semiconductors ”.
Hugues said improvements in solar technology will also have a “beneficial impact on the socio-economic development of Africa”. megawatt (MW) peak of isolated solar grids by mid-2024. gigawatt hours of battery storage capacity.
Although TNFD reporting is not yet mandatory for most countries which have published ESG taxonomies, investors could start 2024 by asking for more corporate disclosures on their impact on nature, thus assessing their own exposures to a range of biodiversity risks overlapping with climate, pollution on land and pollution in water.
However, by the end of the 2024 talks, just 44 of 196 participating countries (22%) had formally submitted a National Biodiversity Strategy and Action Plan (NBSAP) outlining their contribution to the GBF. In contrast, private sector investment in nature reached US$102 billion by May 2024, an eleven-fold increase over two years.
Applicable for any organization in coal mining, exploration, processing, transport and storage, GRI 12 was developed by a working group that ensures multi-stakeholder and global legitimacy. GRI 12 will come into effect for reporting from January 2024. . ESG and corporate governance research, ratings and analytics firm Sustainalytics
A recent UNEP report found that plastic pollution could be reduced by 80% by 2040 if countries and companies “make deep policy and market shifts using existing technologies”. A final agreement of the Global Plastics Treaty is scheduled for the end of 2024.
But with World Oceans Day and the Decade of the Ocean’s science goals for sustainable development, a much-needed spotlight has been shone on the challenges urgently requiring prompt action for systemic change to save our oceans. We can develop these qualities within your existing teams too. About Acre.
Former UNEP FI head of risk David Carlin calls for a refocus on reducing carbon emissions at COP30 and doubles down on the concept of carbon markets. Despite international efforts to combat climate change, the EUs Copernicus Climate Change Service (C3S) has confirmed 2024 as the hottest year on record. above pre-industrial levels.
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