3BL Media

APRIL 3, 2022

As the lynchpin of the global economy, financial institutions not only carry a responsibility to help mitigate climate change, they are also vulnerable to its financial risks. The SEC has recently recognized this in their proposed rule requiring financial institutions to report on climate risk in financial terms.

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ESG Today

OCTOBER 19, 2023

The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the issuance of a set of consultation papers with proposed guidelines on net zero transition planning for financial institutions, including banks, insurers and asset managers.

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3BL Media

FEBRUARY 16, 2024

Because Fariha didn’t qualify for a bank loan, she sought the capital for her Punjab pottery and handicrafts business from her husband, but when COVID-19 put an end to face-to-face sales, she felt like she had nowhere else to turn. “At every step we need men to assist us, whether that’s our husbands or our brothers.” “At

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Envirotec Magazine

NOVEMBER 13, 2024

WRAP warns that food loss and waste have devastating impacts on society and global economies too. The World Economic Forum estimates that food loss and waste costs the global economy $936 billion a year, while more than 783 million people go hungry and a third of humanity faces food insecurity.

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Corporate Knights

NOVEMBER 8, 2024

Across the continent, business schools are embracing local narratives , turning the classroom into a space where African ingenuity and global relevance meet and changing how students see themselves – not just as participants but as creators of a more sustainable and equitable global economy.

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GreenBiz

MAY 10, 2021

Finance professionals make up a fraction of the global population but are positioned to make and incentivize decisions that can shape the trajectory of the global economy," observed Ogechukwu Anyene, energy consulting manager at PowerAdvocate, who was part of the Emerging Leaders cohort at GreenBiz Group’s inaugural GreenFin event.

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ESG Today

NOVEMBER 30, 2023

Additional banks exiting the SBTi validation process include Societe Generale and ABN AMRO, according to media reports. In a statement provided by Standard Chartered, for example, the bank said that its net zero approach “seeks to support a just transition that encourages the economic and social development of our dynamic market footprint.”

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ESG Today

NOVEMBER 9, 2023

Danske Bank Asset Management announced the launch of a new team climate and nature team, advising and supporting the firm’s investment teams in making decisions based on the risks and opportunities related to nature and biodiversity. Steinmüller said: “Nature constitutes half of the foundation of the global economy.

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GreenBiz

DECEMBER 8, 2020

That’s the realm of banks and other financial institutions. "OK, It must be sourced, verified and scored consistently across companies to be meaningful to investors, banks and other interested parties. It was soon evident that the topic of sustainable finance was bigger than just ESG and investors. OK, then," I ventured.

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3BL Media

SEPTEMBER 21, 2022

In its first year, the Index is helping to develop a benchmark for financial security and inclusion across global economies. In general, developed economies tend to pool towards the higher end of the Index, and emerging and developing economies cluster at the bottom. Global Financial Inclusion Index. .

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3BL Media

MAY 28, 2024

Q: Why is the decarbonization of the banking sector so important? Banks are at the center of the global economy. Almost every activity that affects the climate, whether it’s mining, manufacturing, or agriculture, needs financing. Q: How can that change be accomplished? How can it be achieved?

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ESG Today

APRIL 18, 2024

Investment manager Wellington Management announce today the final close of the Wellington Climate Innovation Fund, raising $385 million in commitments for the firm’s inaugural climate solutions-focused venture fund.

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Chris Hall

OCTOBER 10, 2024

Lenders are urged to end fossil fuel expansion and convert targets into “meaningful commitments” as US banks fall behind international peers. Action by banks to reach net zero emissions and meet climate goals is “insufficient”, according to two reports which also highlight significant gaps in the policies guiding the sector’s transition.

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3BL Media

JUNE 12, 2024

Originally published in Bloomberg's 2023 Impact Report Structural and systemic shifts accompanying climate change, such as resource scarcity, new technologies and regulations, pose business risks and offer opportunities to issuers and investors globally.

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ESG Today

JANUARY 22, 2024

In a letter from the organization to ING Group Chair Steven van Rijswijk, Friends of the Earth argued that under Dutch law, companies have a “duty of care” obligation to not create dangers that can cause avoidable damage to people or property, which it says applies to climate change.

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ESG Today

FEBRUARY 9, 2024

UK-based bank Barclays will no longer directly finance new oil and gas projects, and will require its energy sector clients to produce transition plans or decarbonization strategies by the beginning of next year, according to a new “Climate Change Statement” released by the bank.

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ESG Today

JUNE 26, 2024

Sustainable aviation fuel (SAF) technology and production company LanzaJet today announced an investment from Tokyo-based banking group Mitsubishi UFJ Financial Group (MUFG). Koichiro Oshima, Managing Executive Officer, Head of Financial Solutions Group, MUFG Bank, Ltd., ”

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3BL Media

DECEMBER 6, 2023

Market Platforms Regulators require exchanges, marketplaces, banks, and brokers to monitor an array of risks because the default of one or a group of participants could rapidly result in contagion across the financial markets. At the same time, regulators are requiring insurers to quantify and disclose them.

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ESG Today

NOVEMBER 14, 2023

By: Emma Cutler, Senior Analyst, Verdantix News of climate change- and El Nino-driven drought slowing traffic in the Panama Canal hit headlines last week. Where the news will likely never appear, however, is firms’ own reporting, even for those that experience significant losses, at least not as a climate-related loss.

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3BL Media

DECEMBER 11, 2023

This innovative resource - launched at the COP28 Nature Pavilion in Expo City, Dubai - helps organizations navigate the landscape of nature and climate assessment methodologies and disclosure frameworks and surfaces leading tools that enable meaningful nature and climate action that can improve their environmental and business performance.

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Chris Hall

NOVEMBER 7, 2024

He is currently a senior advisor to the Taskforce on Nature-related Financial Disclosures, having also served as a member of the EU’s High Level Expert Group on Sustainable Finance and the People’s Bank of China’s Green Finance Taskforce. This means having the right data, solutions and actionable insights to rely on.”

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3BL Media

FEBRUARY 15, 2024

Natural capital provides the building blocks that enable ecosystem services—the positive benefits that societies and economies derive from nature—to sustain life and create wealth. That’s why biodiversity loss alone could cost the global economy trillions of dollars in the coming years, in addition to trillions more related to climate change.

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3BL Media

FEBRUARY 20, 2024

Trade is the global economy's lifeblood, with maritime transport at its core. But the carbon footprint of port operations and shipping is substantial, with shipping accounting for nearly 3% of global greenhouse gas emissions , according to the Organisation for Economic Co-operation and Development (OECD).

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3BL Media

DECEMBER 13, 2022

DESCRIPTION: The 27th United Nations (UN) Conference of the Parties (COP), which took place this November in Sharm El Sheikh, Egypt, marked a significant milestone in developing action against climate change. Climate change inequality, contributors and sufferers, has been a key agenda item at COP for many years.

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Chris Hall

JULY 31, 2023

Creon Butler, Director, Global Economy and Finance Programme at think tank Chatham House, made a similar warning of a “probable sharp adjustment” this month , saying that “financial markets did not yet reflect climate risk” despite the clear severe economic and financial consequences of climate change.

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Corporate Knights

OCTOBER 23, 2024

Whether it’s climate change, declining salmon, more expensive forestry operations, forest fires, the list is pretty long in terms of the feedback that we’re getting.” “There’s some that choose to say we either have to maintain the practices of three generations ago or shut it all down. billion worth of ecosystem services per year.

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ESG Today

JUNE 27, 2022

A group of CEOs from leading companies and financial institutions issued a call upon G7 governments to institute policies and practices enabling private sector capital mobilization for investment in the transition to a low carbon global economy. In the letter, the executive wrote: “Tackling climate change is complex and expensive.

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Chris Hall

NOVEMBER 3, 2023

“The harsh reality is that emissions are continuing to rise,” says Philipponnat, adding that much of the discussion among policymakers has centred around reducing the CO2 intensity of our global economy. As these perilous climate projections unfold, one might expect an inevitable upheaval in the global economy.

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We Mean Business Coalition

FEBRUARY 15, 2022

The Glasgow Climate Pact made clear that the days of coal and fossil fuels are numbered, that carbon markets are here to stay, and that deforestation must come to an end. And as we head into 2022, climate change must be a top priority for companies around the world. But innovation is not enough. within reach.

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Chris Hall

NOVEMBER 28, 2024

This is why establishing the Transition Finance Council is so important.” The TFMR report noted that decarbonising the global economy will require an estimated annual investment of US$3.5 “Yet this is how it is currently being done, as transition finance doesn’t yet sit in its own vertical product or silo. trillion to US$9.2

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3BL Media

MAY 23, 2024

kilograms of plastic waste from entering the ocean since the start of our partnership with Plastic Bank [1] 100% renewable electricity sourcing at all CooperVision facilities in New York and the United Kingdom Governance Adherence to high standards of ethics, compliance and accountability provides long-term value for our stakeholders.

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Chris Hall

NOVEMBER 25, 2022

Data, analytics and research services provider MSCI has developed a new solution to support banks looking to align with the European Banking Authority’s (EBA) ESG Pillar 3 prudential framework for measuring and reporting on ESG and climate-related risks.

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3BL Media

JULY 25, 2023

This year’s theme, “Embracing Instability,” highlights the challenges confronting the global economy and underscores the opportunity to better understand and address underlying issues such as persistent inflation, geopolitical tensions, the rise of artificial intelligence and the precarious state of the world’s climate.

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Chris Hall

JULY 19, 2022

Climate risk analysis typically entails the development of scenario-based stress tests for assessing bank solvency and liquidity, using bank level data. The paper includes a primer on climate change risk, both transition and physical, explaining some of the technical terms and concepts used in this work.

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Banking Climate Change Global Economy Development 52

3BL Media

SEPTEMBER 29, 2023

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. Change is already underway within the fossil fuel industry, as developments in the Netherlands, United States and Australia indicate.

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Chris Hall

MARCH 16, 2022

With the global economy heavily reliant on ocean health, a sustainable future is paramount. Changes in the ocean drive weather systems that influence both land and marine ecosystems. The Sustainable Blue Economy Finance Principles are UNEP FI’s ‘foundational keystone’ to invest in the ocean economy.

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Sphera

SEPTEMBER 14, 2022

To decarbonize the global economy in alignment with the goals established by the Paris Agreement, all economic actors in the real economy need to reduce their greenhouse gas (GHG) emissions sufficiently to align with required emissions pathways. commercial banks) but is also relevant to public financial institutions (e.g.,

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