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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. In addition, a knowledge hub will share resources on assessing risks. “By
Sources: UNEP, FAO, FAIRR, AIER, Business for Nature, Our World in Data, As You Sow, WHO, Sierra Club, ASPCA. Check back here as we roll out our Plant Power package this week, along with the release of the 2024 Spring issue of Corporate Knights. The post Knight Bites: The true cost of meat appeared first on Corporate Knights.
” 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.
On 7-8 March 2024 at the Buildings and Climate Global Forum, World Green Building Council (WorldGBC) joined the French Government and UNEP-GlobalABC, ministers and high-level representatives in discus.
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.
Thats why we partnered with Tandem Global (formerly Wildlife Habitat Council) to complete nature and biodiversity assessments in 2024, including using the Taskforce on Nature Related Financial Disclosures (TNFD) and the United Nations Environment Programme (UNEP) guidance to identify and understand the nature-related dependencies, impacts, risks and (..)
This is the fifteenth annual report by the United Nations Environment Program (UNEP) on the Emissions Gap. The warning is clear in 2024 that not enough is being done to reduce emissions which will result in catastrophic impacts down the line. Key take aways from the report:It is still technically possible to meet the 1.5°C
SDG Summit USA (23 September 2024, 12.00 - 7.00 pm EST): the forum, in partnership with UNEP FI, will gather 500 institutional investors and financial leaders to explore ESG disclosures and the path to a low-carbon economy. World Biodiversity Summit 2024 (26 September, SECOND, 849 6th Avenue, 9.00
These include building on the comprehensive Scenario Alignment issuer-level data set that was released in March 2024, to offer key portfolio-level alignment metrics for up to 22 scenarios provided by leading models (IEA, the NGFS, and the UNEP OECM). These metrics include, among others, portfolio-level Implied Temperature Rise.
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.
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.
A group of more than 530 financial institutions representing over $29 trillion in assets under management announced the release of the 2024 Global Investor Statement to Governments on the Climate Crisis, calling on governments globally to set policies aimed at unlocking private capital flows to enable the net zero transition, including mandatory climate-related (..)
A ballooning carbon footprint compounds matters, as globally the buildings and construction sector is the largest emitter of greenhouse gases, accounting for 37% of global emissions, according to the United Nations Environment Programme (UNEP).
The World Biogas Association BRAZIL Congress 2024 took place on 1 October, and ran concurrently with the G20 Energy meetings in Foz do Iguaçu. ” Following the success of the Congress in Brazil, the next event in the series will take place in New Delhi, India, on 23-24 October 2024. “It ” she stated.
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.
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.
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.
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.
Meanwhile, in its quest to make all packaging reusable or recyclable by 2030, the United Nations is preparing to launch a plastic treaty in 2024. According to UNEP , 91% of consumers express concern over plastic waste. Consumers are taking up the issue as well.
This will include initial product design and production to managing the waste at the end, fully realising a circular economy and generating an ultra-efficient process. Innovation plays a major part and one company, Humblebee, has taken a novel approach to search for an alternative solution.
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.
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 association AFME’s response, detailed below, raised similar concerns.
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.
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 comes into effect for reporting from January 2024, with early adoption encouraged.
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.
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
A recent global survey found that fewer than a quarter of financial services and investment companies have a net zero transition plan that looks beyond 12 months.
With this in mind, the ICMA has now released blue finance guidelines to try and drive similar success in that market in collaboration with the International Finance Corporation (IFC) – a member of the World bank Group, United Nations Global Compact, United Nations Environment Programme Finance Initiative (UNEP FI) and the Asia Development Bank.
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.
Photo Credit: Ottawa march for a Plastics Treaty coutesy FoEI via XThe United Nations Intergovernmental Negotiating Committee for a Global Plastics Treaty is holding its fourth meeting in Ottawa, Canada from 23–29 April 2024 to prepare a treayy by the end of 2024.
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. A final agreement of the global plastics treaty is scheduled for the end of 2024.
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.
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
Founded in April 2021 by UNEP FI, the NZBA has 143 members overseeing US$74 trillion in capital. Last June , SBTi issued a consultation on the standard’s conceptual framework and initial criteria and was due to launch in Q4 2023 or ‘early’ 2024. As both thresholds were “comfortably cleared”.
.” 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.
UNEP did at least try to change the mood by also examining solutions, specifically traditional, land-based and less-proven newer forms of carbon removal. And beyond its headline conclusion that we’re on track for only limiting climate change to 2.9°C,
Yet to date, businesses have mostly considered nature to be an unlimited and free provider of critical inputs into their operations and value chains,” said Elizabeth Mrema, Co- C hair of the TNFD, Deputy Executive Director of UNEP and former Executive Secretary of the Convention on Biological Diversity Secretariat that oversaw the COP15. “Scaling (..)
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. 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 ”.
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.
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.
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.
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