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Nature-related assessment and disclosure frameworks and standards pay insufficient attention to oceans, Romie Goedicke, Co-head of Nature at United Nations Environment Programme – Finance Initiative (UNEP FI) has said, following the release of a comparative study. Around a third are taking action on nature today.
Stakeholder capitalism, however, challenges this view and suggests directors should expand their definition of fiduciary duty, by considering the impact of board decisions on all stakeholders — both internal and external — despite there currently being no legal requirement to do so.
The Central Bank of Azerbaijan (CBA) launched a taxonomy standardisation initiative, and in summarising the outcomes of COP29, the United Nations Environment Programme Finance Initiative (UNEP FI) noted the agreement on an urgent need to scale adaptation finance, using concessional finance, metrics and taxonomies in mobilising private investment.
Every year more than 2 billion tonnes of municipal solid waste (MSW) is produced across the planet, as shown in the UN Environment Programme’s (UNEP) Global Waste Management Outlook 2024. It’s very much driven by UN SDGs and the UNEP priorities,” Mollin explained. billion tonnes. The economic cost is also substantial.
DWS whistle-blower Desiree Fixler has criticised European Supervisory Authorities (ESAs) for not reaching out to her regarding their investigation into greenwashing in sustainable investment, while other consultation responses focused on ESG rating agencies, harmonisation, and definitional nuances of greenwashing.
DSM excluded from ESG portfolios Many investors and financial institutions have excluded DSM from their definitions of sustainable investment. In an appendix on relevant guidelines and reporting standards, the handbook does not list the UNEP FI report, the ICMA guidance, or the UNCTAD classification.
Stronger wording might have been possible, but this was a big step in the right direction,” said Remco Fischer, Climate Lead, UN Environment Programme Finance Initiative (UNEP FI). That’s something that the markets and the investors need to navigate,” says UNEP FI’s Fischer. C in realistic reach.
ISSB’s new definition of sustainability will be included in the general sustainability standard, meaning that companies will need to outline their dependencies on and the risks of natural ecosystems and human capital to their business over the short- to long-term. .
In March 2021, the Align project was also launched, led by the United Nation’s Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) and funded by the European Commission.
Despite developing countries having strongly pushed back on the US proposals that the World Bank should manage the fund, it was agreed that the World Bank will first administer the fund, but that this will be on a temporary basis. Some initial agreements were made in the November pre-negotiations in Abu Dhabi.
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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