ESG Today

JANUARY 22, 2023

See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Lenovo Commits to Net Zero Emissions Across the Value Chain by 2050 Danone Launches Plan to Address Methane Emissions From Dairy Supply Chain Pfizer to Offer Full Portfolio of Medicines to 1.2

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Net Zero Supply Chains Supply Chain Decarbonize 122

Chris Hall

JULY 1, 2022

Sustainable finance, until recently still a niche activity, is now a mainstream strategic consideration for banks, asset managers and insurers. For example, the Net Zero Asset Owners Alliance is not led by sustainability teams, it’s typically CIOs who are driving it.”. of emissions.

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Net Zero UNEP Greenwashing Banking 98

Chris Hall

DECEMBER 13, 2023

“Investors and companies are increasingly setting climate and nature targets, but once those are in place, they need to be thinking more about how to redirect capital [in line with these goals],” Ivo Mulder , Head of the Climate Finance Unit at the UN Environment Programme (UNEP), told ESG Investor. trillion in 2022.

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UNEP Climate Change Paris Agreement Net Zero 122

Chris Hall

JUNE 21, 2023

The proposed solution for net zero targets and progress aims to improve transparency and accountability, but will need to consider existing guidance. But there is still room for hope that net zero commitments – and subsequent progress on decarbonisation – can be transparent, aligned and ambitious.

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Net Zero Climate Change UNEP Paris Agreement 52

Chris Hall

MARCH 4, 2022

ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including UNEP FI, ISS ESG, ISSB, Xpansiv and Carbon Trust. Carbon Trust has launched Route to Net Zero Standard, a three tier certification system that will rank companies’ progress to net zero.

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UNEP Net Zero Banking Waste 52

3BL Media

DECEMBER 20, 2023

This is well below the US$387 billion a year that developing countries need, according to the United Nations Environment Programme (UNEP)’s Adaptation Gap Report. One of the ways to increase funding, according to UNEP, is for the Loss and Damage Fund to move toward more innovative financing mechanisms. MDBs provided about US$5.5

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UNEP Climate Change Banking Development 147

Chris Hall

JANUARY 26, 2023

Although minerals are critical to a net zero future, ongoing environmental and social abuses cannot be ignored, urges Brumadinho community representative.

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UNEP Net Zero Banking Clean Technology 98

Chris Hall

MARCH 7, 2022

F4B launched its net zero transition framework to help asset owners and other financial institutions adopt a fully integrated approach to climate and nature risks and impacts. There is an urgent need to approach the transition to both a net-zero and nature positive world in an integrated way.

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Net Zero Climate Change UNEP Banking 52

Chris Hall

MARCH 15, 2024

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.

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Net Zero Paris Agreement Banking UNEP 59

Chris Hall

MARCH 18, 2022

Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. There have been trillions of dollars committed to climate change as part of the Global Financial Alliance to Net Zero ; now we want to recreate that commitment and momentum for biodiversity.”.

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UNEP Climate Change Paris Agreement Banking 98

Chris Hall

MARCH 16, 2022

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.

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UNEP Banking Paris Agreement Stranded Assets 98

Chris Hall

SEPTEMBER 29, 2022

Neither the world’s financial firepower nor the impact of climate change is spread evenly, which means funding the transition to net zero is much harder and more urgent for emerging markets and developing economies (EMDEs) compared to developed ones. . If asset owners can feel confident that their capital will make a difference. .

UNEP 98

UNEP Impact Investing Net Zero Supply Chains 98

Chris Hall

FEBRUARY 8, 2022

Financial institutions still don’t have expertise to handle net zero transition, according UNEP FI-backed report. The 12-month programme launch follows increasing demand from asset owners and managers for resources and qualifications that will help them develop the relevant skills for managing the net zero transition.

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Net Zero UNEP Banking Climate Change 52

Chris Hall

OCTOBER 10, 2022

Financial institutions need to segment their portfolios into transition, net zero-aligned and stranded assets and develop clear emissions reduction plans in line with recognised 2030 and 2050 targets, said Mark Carney, Founder and Co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ). Heading for the exit?

Net Zero 52

Net Zero Stranded Assets Banking UNEP 52

Chris Hall

SEPTEMBER 23, 2022

The future of his Glasgow Financial Alliance for Net Zero was in question after media reports that major US banks were threatening to quit rather than accept legal risks that might arise from tougher membership rules. No denying it – Not everyone in New York was pulling in the same direction.

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Net Zero Paris Agreement Banking UNEP 52

Chris Hall

OCTOBER 28, 2022

As well as echoing UN Climate Change’s assessment that nationally determined contributions needed significant strengthening, the UNEP report said the financial system “must overcome internal and external constraints” to become a critical enabler, putting the annual investment needed for a global transition to a low-carbon economy at US$4-6 trillion.

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Net Zero UNEP Climate Change COP26 52

Chris Hall

OCTOBER 18, 2024

According to the UN Environment Programme – Finance Initiative (UNEP FI), the finance sector has ground to make up too, albeit at least some of the responsibility for this also sits with governments. Private sector investment in nature had swollen to US$102 billion by May 2024, an eleven-fold increase on May 2022, apparently.

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UNEP Banking Net Zero Development 81

Chris Hall

JULY 8, 2022

Not following suit – The European Central Bank (ECB) said banks do not yet sufficiently incorporate climate risk into their stress-testing frameworks and internal models. Further, almost two-thirds of banks’ income from non-financial corporate customers stems from GHG-intensive industries. Going, going … green?

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Net Zero Banking COP26 Climate Change 52

3BL Media

JULY 25, 2023

It spurs action on climate change as a systemic financial risk—driving the large-scale behavior and systems change needed to achieve a net zero emissions economy through key financial actors including investors, banks, and insurers. ET Thursday, July 27.

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Climate Change UNEP Banking Net Zero 130

Chris Hall

JUNE 1, 2023

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. Fear of breaking anti-trust laws risks shaking the foundations of GFANZ sub-alliances in the wake of NZIA exodus.

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Net Zero UNEP Paris Agreement Sustainable Investment 52

Chris Hall

JANUARY 31, 2023

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.

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Greenwashing Net Zero CDP Sustainable Investment 96

Chris Hall

DECEMBER 1, 2022

Because of their multiple benefits, investments in NbS would represent “good value for money” at a time of global macroeconomic uncertainty, said Ivo Mulder, Head of the Climate Finance Unit at the UN Environment Programme (UNEP). . Where finance flows, action follows,” she said, adding: “Where finance flows lag, commitments wither.” .

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UNEP Net Zero Climate Change Banking 52

Chris Hall

DECEMBER 18, 2024

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.

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UNEP Sustainable Investment Net Zero Development 72

Sustainable Development Network

OCTOBER 30, 2023

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.

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Decarbonize Net Zero Corporate Social Responsibility UNEP 59

Chris Hall

DECEMBER 15, 2022

Following “strong feedback” on the connection between climate and nature, Faber said the ISSB plans to immediately advance work on the climate standard, making explicit connections to natural ecosystems and human capital aspects of the net zero transition. . “We

Net Zero 52

Net Zero UNEP Banking Global Economy 52

Chris Hall

DECEMBER 13, 2023

Climate adaptation finance is also important for risk management of net zero assets, according to the UK’s Green Finance Institute. World Bank President Ajay Banga announced a commitment to devote 45% of its annual finance to climate by 2025.

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UNEP Climate Change Net Zero Development 64

Chris Hall

NOVEMBER 9, 2023

Earlier this month, the UN Environment Programme (UNEP) published its 2023 ‘ Adaptation Gap Report ’, which highlighted that EMDEs’ forecast climate adaptation finance needs are now ten to 18 times larger than existing international public flows. “We At least US$1 trillion of this needs to be annually invested in EMDEs.

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Net Zero COP26 Climate Change Banking 59

Chris Hall

MAY 11, 2022

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?

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UNEP Net Zero Sustainable Investment Stranded Assets 52

Chris Hall

MARCH 22, 2023

It is working to address these systemic environmental and social risks and ensure a just transition to net zero.

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Supply Chains Supply Chain Net Zero Manufacturing 98

Chris Hall

APRIL 5, 2022

C of global warming, 50% of all existing buildings need to be net zero by 2040, increasing to 85% by 2050, according to the International Energy Agency. Analysing 340 residential and commercial real estate assets globally, CRREM found only a few were aligned to net zero. .

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Net Zero UNEP Divestment Banking 52

Chris Hall

MARCH 9, 2022

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.

UNEP 52

UNEP Climate Change Net Zero Development 52

Chris Hall

DECEMBER 1, 2023

In September, the TNFD published its final recommendations for nature-related risk management and disclosure, serving as a tool to “operationalise” the achievement of Target 15 of the GBF. Target 15 explicitly calls for governments to establish mechanisms for companies to disclose risks, dependencies, and impacts. “We are building on existing (..)

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UNEP Sustainable Investment Net Zero Development 64

Chris Hall

MARCH 18, 2022

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. ISS ESG Issuer Level Net Zero Alignment Data can be used to identify positive and negative performing companies against individual climate related metrics.

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Net Zero CDP Supply Chains Supply Chain 40

Chris Hall

MARCH 18, 2022

As highlighted by Jessica Smith, Nature Lead at UNEP FI, in this week’s ESG Interview , the TNFD’s approach consciously builds on and aligns with existing initiatives such as TCFD and Science Based Targets for Nature , to simplify and accelerate the allocation of capital to investments and activities that protect and support biodiversity. .

UNEP 52

UNEP Net Zero Banking Development 52

Chris Hall

OCTOBER 28, 2022

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”.

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Regenerative Banking UNEP Net Zero 52

Chris Hall

OCTOBER 28, 2022

The UN Environment Programme (UNEP) says: “This vulnerability is driven by the prevailing low levels of socioeconomic growth in the continent. UNEP wants to see more investment diverted towards supporting African countries in meeting their nationally determined contributions (NDCs). This is the case in Africa.”.

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Paris Agreement Climate Change COP26 UNEP 52

3BL Media

FEBRUARY 11, 2025

billion in 2024, as companies transition from venture capital to bank loans and other funding sources ( Net Zero Insights ). Debt financing for climate tech soared from $13.9 billion in 2021 to $45.6 Gaps in Funding for Adaptation, Biodiversity, Decarbonization, and Nature: Despite these advances, critical funding gaps remain.

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Regenerative Decarbonize Impact Investing UNEP 100