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“Room for Improvement” in Climate Risk Tools – UNEP FI

Chris Hall

Greater scope and depth needed to keep pace with demand for more holistic approaches to climate risk management by banks and investors. The report is based on the practical user experience of almost 50 banks and investors using available climate risk management tools and includes 15 case studies.

UNEP 98
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Time for a fair phase out of fossil fuels

Corporate Knights

Meanwhile, Bloomberg Intelligence reported that “oil companies are finding it increasingly difficult to raise financing amid rising environmental, social and governance (ESG) concerns, while banks are under pressure from their own investors to reduce or eliminate fossil-fuel financing.”. These developments are critical.

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ISS ESG Launches Tool to Help Banks Estimate Portfolio Emissions to Meet Sustainability Reporting Requirements

ESG Today

In particular, it enables banks to estimate emissions for large portfolios of companies where data is scarce in support of EBA Pillar 3 reporting. The new, sector-based data set enables users to estimate emissions for non-listed companies, small and medium enterprises, and other alternative investments.

Banking 113
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UNEP FI Risk Centre Bridges Theory and Practice

Chris Hall

The UN Environment Programme Finance Initiative’s (UNEP FI) has opened a new risk centre centralising its resources on climate and nature risks, aiming to help members better identify and manage the ones that are financially material. In addition, a knowledge hub will share resources on assessing risks. “By

UNEP 64
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Food waste contributes 10% to global emissions but 9 out of 10 countries’ NDCs fail to focus on food waste and loss

Envirotec Magazine

” The latest Food Waste Index Report (2024) , compiled by the United Nations Environment Programme (UNEP) and co-authored by WRAP, found that the world wastes over a billion tonnes of food – one fifth of all food available to consumers at the retail, food service and household level annually.

Waste 105
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Oceans “Forgotten” in Nature-related Analyses – UNEP FI  

Chris Hall

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.

UNEP 59
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AllianceBernstein: Reflections on COP28: Opportunities Amid Challenges

3BL Media

Among market-led developments, the Institutional Investors Group on Climate Change finalized its guidance on climate solutions , while several firms predicted the emergence of financial products, including exchange-traded funds, that claim to address the physical risks of climate change. MDBs provided about US$5.5

UNEP 147