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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.
According to the statement, the changes would impact investors’ ability to obtain sustainability-related information required for investment decisions, in addition to reducing their ability to meet their own reporting requirements including those under the EU’s Sustainable Finance Disclosure Regulation (SFDR).
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
A new ENCORE biodiversity module by the Natural Capital Finance Alliance — a collaboration between the UN Environment Program (UNEP) World Conservation Monitoring Centre, the UNEP Finance Initiative and Global Canopy — enables banks and investors to analyze the potential impact of their investment activities in agriculture and mining on biodiversity (..)
Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. The Taskforce for Nature-related Disclosures (TNFD) beta framework , which opened for an 18-month consultation this week, will undoubtedly inform the GBF discussions.
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). UNEP FI is working towards integrating the use of sustainable finance practices in support of ocean health by the global financial community.
The UN-convened Net Zero Asset Owner Alliance (NZAOA) has previously called on multilateral development banks, development finance institutions and private investors to collaborate more to increase the flow of capital to climate adaptation and mitigation projects in EMDEs. Steady momentum .
The CEET looks forward to convening in the upcoming RCWs as part of the Council’s work to inform the implementation of localized technical engineering pathways and scalable solutions to accelerate the energy transition across different regions around the world. Learn more about the Council of Engineers for the Energy Transition (CEET).
Property & casualty and life insurance companies most consistently provide comprehensive information. Metrics and targets was the area with the weakest responses across all lines, with only 193 reports providing information and very few encompassing a comprehensive set of climate-related metrics. ET Thursday, July 27.
Alliance extends net zero targets to capital markets activities, as frameworks provide more tailored approach for banks’ transition strategies. The second of the four guidelines requires banks to establish an emissions baseline and annually measure and report the emissions profile of loans and investments. billion from Barclays.
The UN Environment Programme’s (UNEP) 2023 ‘ State of Finance for Nature ’ report suggested that investments in nature-based solutions (NbS) to date have been underwhelming. The IFB also includes the Financing Green Sector Transitions and the Financing Biodiversity initiatives.
Romie Goedicke, Associate Lead of the Nature Programme at the UNEP Finance Initiative, outlines how a recent pilot project has helped financial institutions to better align with the goals of the Global Biodiversity Framework.
Financial institutions still don’t have expertise to handle net zero transition, according UNEP FI-backed report. The qualification was subject to a pilot phase involving candidates across 60 different firms, including asset managers, asset owners, consultants and banks.
The ISA has faced criticism for its lack of public participation and a failure to address the need for Free, Prior, and Informed Consent (FPIC) from affected communities. 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.
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. Everything needs to be top-down informed.” billion tonnes.
This is part of a mandate issued last year to the ESAs by the European Commission which will inform a decision on whether further supervisory or enforceable action is needed to reduce greenwashing risk in the sustainable investment space.
ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including WWF, UNEP, S&P Global Sustainable1, ISS ESG, and CHOOOSE. The World Wildlife Fund (WWF) has launched a Biodiversity Risk Filter, which looks to aid companies in tackling nature-related risks. Karen Ellis, WWF’s Chief Economist.
WWF International’s Battle says that scientists are only just beginning to understand the systems and processes that allow life to thrive in the deep ocean, and how it helps to regulate the climate. “This lack of scientific knowledge means we cannot possibly develop informed regulations for this new industry,” Battle notes.
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.
But as much as private sector wealth and influence have been a cause of the sickness, multilateral development banks are resolute that they are also the cure. Fast action Public sector banks around the world are pivoting to climate finance and the unifying message is a need for speed.
This dialogue sought to harness the expertise and guidance of the CEET to inform strategies and actions to achieve net-zero emissions by 2050. Gonzalez also shared the barriers regarding the need to advance with charging infrastructure for electric vehicles and the importance of having a varied and sufficient supply of vehicles.
EFAMA added that if the Commission proceeded as proposed and disclosures and datapoints under ESRS undergo a materiality assessment, this should be reflected under SFDR with clear guidance on how to handle missing data points resulting from the materiality assessment.
The organisations concerned are Dutch bank Rabobank, Mexican development institution FIRA, multilateral funder the Global Environment Facility (GEF), Mauritian private equity group Phatisa, Norwegian chemical company Yara, US asset manager Nuveen Natural Capital and Dutch group Signature Agri Investments. Equivalent to 40 power stations”.
Banks and other financial intuitions (FIs) have the potential to help transition land-use to become ‘nature positive’ in addition to ‘net zero’, by redirecting investment to sustainable land-use projects. UNEP is working with national institutions and FIs to strengthen domestic regulatory frameworks in order to address this challenge.
Carney was responding to questions from Eric Usher, Head of the UN Environment Programme Finance Initiative (UNEP FI), about his expectations from members of alliances under the GFANZ umbrella which have not set decarbonisation targets for 2025. A number of large US banks are reported to be on the verge of leaving GFANZ.
This approach is outlined in a 2015 report from the UN Environment Programme (UNEP) on sustainability reporting. “If There are many social resources that are arguably unlimited.” Baue says companies are already testing this type of accounting, such as GLS Bank, who took part in a pilot programme with r3.0
In 2005, a group of investment managers organised under the UN Environment Programme Finance Initiative (UNEP FI) commissioned law firm Freshfields Bruckhaus Deringer to publish a report , ‘A Legal Framework for the Integration of ESG Issues into Institutional Investment’. How does fiduciary duty relate to sustainable investment?
The Taskforce for Nature-related Financial Disclosures (TNFD) has published its final recommendations for nature-related risk management and disclosure, serving as a tool to “operationalise” the achievement of Target 15 of the Kunming-Montreal Global Biodiversity Framework (GBF). According to Tony Goldner, Executive Director of TNFD, the recommendations (..)
On 15 May, over 20 state attorneys-general sent a letter to NZIA and Net Zero Asset Owner Alliance (NZAOA) members, asking for information on their relationship to the alliances and commitments made. McCully said the mass exodus is down to increasing pressure from opposing US Republican politicians. Recipients were given a month to respond.
trillion by doing so, according to a World Bank report. Extreme climate-related events can reduce a property’s value by between 5-20%, according to the UN Environment Programme Finance Initiative (UNEP FI). Last year, UNEP FI published guidance outlining the kinds of resilient buildings needed to cope with new climate extremes.
Tackling the tailback With governments’ 2035 phase-out deadline edging ever closer, EV transition efforts may stall in the face of rapidly growing global demand.
Nature does everything.” – the words of UNEP Executive Director Inger Anderson at Davos 2024 during a session exploring if the financial risks of climate change are under-priced. This group, representing over US$4 trillion in market capitalisation, includes some of the world’s largest asset owners and managers, banks and insurers.
Amazon Sustainable Landscapes Program – Connecting people and institutions to connect landscapes and avoid tipping points November 16, 2022 | 13:00 - 15:00 EET GEF/World Bank Pavilion (Blue Zone) or watch the livestream here. These policy papers demonstrate the feasibility of sustainable pathways to combat the risks of the tipping point.
Former World Bank Global Director for Environment, Natural Resources and Blue Economy Karin Kemper will advise the board on natural ecosystems. . She said: “[Investors] need transparency and clear targets – the finance sector can’t just grab [targets and information] out of thin air.
A 2020 World Bank report estimated the production of minerals, such as graphite, lithium and cobalt, will need to increase by nearly 500% by 2050 – the equivalent of nearly three billion tonnes – to fulfil sufficient upscaling of clean energy technologies and energy storage solutions.
This expert group includes representatives from the UNEP World Conservation Monitoring Centre, standard setters EITI and SASB, and investment institutions FTSE Russell and S&P Global. Normative , a?
“I will be watching to see what the countermove is from Parties and their financial regulators, who ultimately are the ones who have power to compel firms to disclose this information and to ensure its quality,” she says. But it does have credit in the bank. “The
This year, the SDG Academy launched three new courses: Nature-based Solutions for Disaster and Climate Resilience (in partnership with UNEP); Getting a Good Deal: Negotiating Extractive Industry Contracts (in partnership with CCSI, NRGI, CONNNEX, and GIZ); and Understanding Poverty and Inequality (in partnership with Brookings Institution).
Investors are increasingly recognising the need for biodiversity and nature-related data, even as still nascent information streams prove difficult to navigate. Its three-year plan is to work with companies, financial institutions and nature-focused organisations to develop harmonised biodiversity measurement tools and approaches.
SDSN is proud to have contributed to Chapter 6 "Transforming food systems" of UNEP's 2022 Emissions Gap Report thanks to our FABLE Consortium scientific director Aline Mosnier. Mobilize central banks: central banks are increasingly interested in addressing the climate crisis, but more concrete action on regulations is needed.
Just prior to COP26, the UN Environment Programme (UNEP) launched the International Methane Emissions Observatory (IMEO) to improve the accuracy and public transparency of human-caused methane emissions. Investors should advocate for more information by asking companies to join the Oil and Gas Methane Partnership 2.0,
Working with the SPA team, the consultant will support the development and implementation of an engagement strategy for dialogues with key development banks and financial institutions. with UNEP Financial Initiative) and engage in dialogues with financial institutions at high-level summits and events.
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