Remove 2030 Remove Sustainable Investment Remove UNEP
article thumbnail

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). trillion annually, has attracted just US$13 billion in sustainable investment during the past decade.

UNEP 98
article thumbnail

Investors, Banks Push Back on EU Plan to Ease Sustainability Reporting Rules

ESG Today

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.”

Banking 131
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The ESG Interview: Dancing into the Mainstream

Chris Hall

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.

article thumbnail

Consistency Key to Achieving GBF Goals – FfB

Chris Hall

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.

UNEP 64
article thumbnail

From Green to Blue

Chris Hall

To boost sustainable investment 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 ”.

article thumbnail

Take Five: Autumn Mist

Chris Hall

There were mixed signals and missed opportunities on sustainable investment 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 81
article thumbnail

Starting to Adapt 

Chris Hall

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.

UNEP 64