ESG Today

MAY 6, 2024

The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the publication of the Hong Kong Taxonomy for Sustainable Finance, aimed at defining and classifying environmentally sustainable economic activities, to help inform decision making and facilitate green finance flows.

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Corporate Knights

JULY 25, 2023

With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” The new guidelines detail the process and definitions behind the oil and gas subsidy phaseout.

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Chris Hall

JULY 28, 2023

C , although he acknowledges that achieving this goal is now more challenging than when the Paris Agreement was first agreed. The bill will be examined by members of the Canadian Senate Banking and Finance Committee from Autumn this year.

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Chris Hall

NOVEMBER 3, 2023

Almost seven years since the Paris Agreement was signed at COP21, any number of initiatives have been launched with the aim of reducing greenhouse gas (GHG) emissions and limiting global warming to 1.5°C. The purpose is to evaluate the impact of climate change on the financial system. “The

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Chris Hall

JULY 8, 2022

More than 450 firms representing US$130 trillion in assets under management have joined the Glasgow Financial Alliance for Net Zero , a coalition of sector-specific initiatives from banks, asset managers, asset owners, insurers and other financial service providers. The Real Definition of Paris-aligned Finance .

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Chris Hall

JANUARY 3, 2024

Now they must wait to see how signatories to the Paris Agreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled. C has not lessened; if anything, it has increased,” he says.

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B the Change

JULY 7, 2022

How Sustainable Finance Relates to CSR, SRI, and ESG Here’s a more formal definition of sustainable finance, involving three acronyms you’ll hear a lot about: CSR, SRI, and ESG. I consider sustainable finance as consisting of these three pillars or frameworks that guide the key actors. For everyone?

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Chris Hall

DECEMBER 13, 2023

Last weekend (9-10 December) saw a host of events dedicated to nature, land use, oceans and food systems, including a high-level plenary discussion on “the importance of action on nature in delivering the goals of the Paris Agreement”. The challenges of sourcing nature data are near universal across the finance sector.

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Chris Hall

JUNE 21, 2024

Unclear definitions and lack of disclosure of sustainability-themed investment products present greenwashing risks for ‘carbon neutral’ funds,” said Yuan Yuan, Climate and Energy Campaigner at Greenpeace East Asia. But green finance policies across China tend to be more effective for commercial banks than other financial sectors, Yuan added.

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Chris Hall

DECEMBER 20, 2023

Ahead of the conference, the data had been collected and analysed, with assessments delivered on the effectiveness of actions taken to date, primarily in the form of signatories’ nationally determined contributions (NDCs) to the Paris Agreement. The official verdict was clear. C of climate change by 2100.

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Chris Hall

JANUARY 20, 2023

Challenges for assessing loss and damage financing The Paris Agreement discusses loss and damage using the phrase “averting, minimising and addressing loss and damage”. This is especially true as non-economic losses and slow onset events make it harder to define what qualifies as loss and damage. million).

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Chris Hall

OCTOBER 28, 2022

It’s no longer just industries such as oil and banking that face increasing pressures; the retail and personal and household goods sectors were responsible for 10% of greenwashing incidents in 2021. At the same time, offsetting creates additional complexities when assessing the ESG risks surrounding a company.

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Chris Hall

OCTOBER 14, 2022

of the Paris Agreement in 2015, this goal aims to provide a framework to define the process, action and support needed to enhance adaptative capacity, strengthen resilience and reduce vulnerability, while contributing to sustainable development. Established under Article 7.1

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Chris Hall

FEBRUARY 9, 2022

This would put China within range of overachieving on its NDC non-fossil fuel targets, but it would be insufficient to meet the Paris Agreement 1.5C In November, People’s Bank of China (PBOC) announced it would provide financial institutions with low-cost loans to help firms cut carbon emissions. billion kilowatts by 2030.

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Chris Hall

AUGUST 17, 2022

The Concise Oxford Dictionary offers two definitions of “windfall”. Professor Trevor Williams of Derby University and former Chief Economist at Lloyds Bank said: “One-off taxes on windfall profits should not damage the energy industry. One is “an apple or other fruit blown from a tree by the wind”. Windfall wisdom questioned.

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Chris Hall

MAY 11, 2022

Green bond issuance has climbed a sharp trajectory since the 2015 Paris Agreement, up from around US$40 billion that year to a record US$489 billion in 2021, according to Refinitiv. Consultation is also ongoing with bodies including the European Central Bank, meaning final approval is unlikely before summer 2023.

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Chris Hall

DECEMBER 21, 2022

A statement from 150 global financial institutions with US$24 trillion in AUM backed a “robust” GBF that provided a clear mandate for the alignment of financial flows, supported the disclosure of nature-related risks, impacts and dependencies, and outlined clear targets and definitions to enable the development of nature-positive projects.

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Chris Hall

MAY 6, 2022

Meanwhile, the different definitions of determining the materiality in what should be reported by companies between the European and global standards, have been seen by some as the biggest obstacle between the two. A key question to the ISSB will be in how far it will move in future to incorporate ‘impact’ into its materiality definition.

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Chris Hall

NOVEMBER 17, 2023

COP28 has been buffeted by controversy since the United Arab Emirates (UAE) was announced as host, with concerns that the country’s fossil fuel interests would jeopardise the meagre progress made since the Paris Agreement. Some initial agreements were made in the November pre-negotiations in Abu Dhabi. C of warming.

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Corporate Knights

NOVEMBER 26, 2024

Others warned that the agreement doesn't fix big mistakes that carbon trading has made in the past. The voluntary market for carbon credits – separate from cap-and-trade markets regulated by governments – has grown slowly over the last few years, hobbled by loose definitions and lax credit verification.

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Chris Hall

JUNE 1, 2023

However, the NZIA’s existing three-pronged target-setting framework has previously been criticised for being too soft, with loopholes in definitions and a lack of ambition.

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GreenBiz

JUNE 2, 2021

Over the past few years, the term "climate risk" has risen to the fore , taking up residency inside the world's biggest banks and investors. It’s time to update that definition to include sudden, dramatic swings among judges and juries. Shell and the new era of climate risk. Joel Makower. Wed, 06/02/2021 - 02:11.

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Corporate Knights

FEBRUARY 23, 2023

The election of Donald Trump meant the United States would soon pull out of the Paris Agreement. In 2016, things seemed somewhat dire for the clean energy transition. Apple and Alphabet, as last year, ranked first and second, respectively.

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GreenBiz

APRIL 28, 2021

president closely linked America’s new nationally determined contribution, a reduction target of 50 to 52 percent from a 2005 baseline aligned with the terms of the Paris Agreement, with equitable job creation and the opportunity to make money. That definitely bodes well for climate-tech entrepreneurship. Climate Change.

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