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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). trillion annually, has attracted just US$13 billion in sustainableinvestment during the past decade.
The statement said: “The proposed approach would limit investor access to the consistent, comparable and reliable information needed to inform decisions and allocate capital in line with sustainability goals, including those of the European Green Deal, the EU Biodiversity Strategy for 2030 and the EU Climate Law.”
Sustainable finance, until recently still a niche activity, is now a mainstream strategic consideration for banks, asset managers and insurers. For example, the Net Zero Asset Owners Alliance is not led by sustainability teams, it’s typically CIOs who are driving it.”. Focus on nature.
The ‘ Nature Target Setting Framework for Asset Managers and Asset Owners ’ seeks to provide guidance to investors in establishing targets and directing financial resources in line with the mission of the GBF, aiming to protect 30% of terrestrial and marine habitats by 2030. trillion in AUM.
To boost sustainableinvestment in ocean economies, the International Capital Market Association, in partnership with other industry bodies, has consolidated existing blue finance guidance and principles under one framework. As of January 2023, green bonds had raised US$2.5 we combine this so the guidance draws on that ”.
There were mixed signals and missed opportunities on sustainableinvestment in the UK’s latest fiscal statement. 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.
UNEP FI estimates the current adaptation finance gap is around US$194-366 billion per year, and positively, Climate Policy Initiative (CPI) found last month that adaptation finance had reached an all-time high of US$63 billion, growing 28% from 2019/20.
Fauna & Flora’s Weller also points to the Global Investor Commission on Mining 2030 , which is working to address the systemic risks in the mining sector, urging the group to “include DSM on its agenda”. In 2022, WWF commissioned an independent analysis of the critical minerals needed to support the climate transition.
“Biodiversity in rural England is clearly not the same as a Brazilian biome, and [companies in each region] have vastly different potential risks and impacts,” notes Aela Cozic, SustainableInvestment Analyst and Portfolio Manager at UK-based investment manager Fidelity International.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including GRI, Sustainalytics, ISS ESG, CDP, Diginex, Esgaia and Normative. .
Almost all countries might be faced with negative impacts, some as early as 2030 [7]. As the UN Environmental Programme (UNEP) summarises in their Adaptation Gap Report [8], “adapting to climate change makes economic sense” – with the Global Commission on Adaptation estimating a return of US$7.1 Even the most optimistic scenario (RCP2.6,
C temperature pathway. Last year, the UN Environment Programme’s (UNEP) ‘ Emissions Gap Report ’ said climate policies enacted worldwide could result in 2.8°C C as possible, experts say. The IPR forecasts that climate policies put in place since COP26 set the world on a 1.8°C C of global warming by 2100 – and between 2.4-2.6°C
ISS ESG, the sustainableinvestment-focused arm of ISS STOXX, announced today the launch of launched a customizable version of its Climate Impact Report, designed to help investors assess and communicate their climate-related target setting, risk management, reporting, and engagement activities.
Heidi Welsh, Executive Director at the SustainableInvestments Institute, which co-authored the Proxy Preview report, said the combination of stronger support for ESG-related votes at last year’s AGMs and the likelihood of fewer omissions this year may lead to an increased number of resolution withdrawals. . ” .
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