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ESG Explainer: The Blue Economy

Chris Hall

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). UNEP FI is working towards integrating the use of sustainable finance practices in support of ocean health by the global financial community.

UNEP 98
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Investors Told to Improve Corporates’ Biodiversity Track Record

Chris Hall

Guidance highlights the vital role of protected areas as a conservation tool, warning against the risk of stranded assets. Asset managers and asset owners can drive positive impacts for nature through their investment decisions,” said Neville Ash, Director of UNEP-WCMC.

UNEP 52
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Turn Commitments into “Hard Numbers”, says GFANZ’s Carney

Chris Hall

Transition plans should demonstrate alignment with 2030 decarbonisation targets, says UN Climate Envoy. In addition, institutions should have interim decarbonisation targets that are “consistent” with the 2030 target, set by the Intergovernmental Panel on Climate Change , of reducing CO2 emissions by around 45% from 2010 levels.

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Litigation Surge Reflects Evolving Climate Duties

Chris Hall

According to the UNEP Global Climate Litigation Report , more than 1,500 cases had been filed in 38 countries by July 2020. The number of cases is widely recognised as having doubled since 2015. Nor is it only companies as corporate entities that face possible lawsuits.

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SEC Allows Climate Votes at Major US Institutions

Chris Hall

Risk of stranded assets . The shareholder proposals ask banks to fulfil the UNEP FI’s recommendations for credible net zero commitments and the IEA net zero roadmap. . at Trillium Asset Management.? “In said Kate Monahan, Director of Shareholder Advocacy?at ” .