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The new, sector-based data set enables users to estimate emissions for non-listed companies, small and medium enterprises, and other alternative investments. 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 statement said: “The proposed approach would limit investor access to the consistent, comparable and reliable information needed to inform decisions and allocate capital in line with sustainability goals, including those of the European Green Deal, the EU Biodiversity Strategy for 2030 and the EU Climate Law.”
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including UNEP FI, ISS ESG, ISSB, Xpansiv and Carbon Trust. The post This Week’s Tech and Tools News: UNEP FI Issues Oceans Toolkit for Investors appeared first on ESG Investor.
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). trillion annually, has attracted just US$13 billion in sustainableinvestment during the past decade.
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.”. Race to zero.
Taxonomies define economic activities aligned with sustainability goals across multiple sectors and provide guidance to corporates and investors with an aim to mitigate greenwashing. Despite the current drawbacks to the EU model, significant investments in taxonomy-aligned sustainableinvestments have taken place, notes Vandermosten.
DWS whistle-blower Desiree Fixler has criticised European Supervisory Authorities (ESAs) for not reaching out to her regarding their investigation into greenwashing in sustainableinvestment, while other consultation responses focused on ESG rating agencies, harmonisation, and definitional nuances of greenwashing.
To boost sustainableinvestment in ocean economies, the International Capital Market Association, in partnership with other industry bodies, has consolidated existing blue finance guidance and principles under one framework. trillion globally, according to the World Bank from a mere US$15 billion in 2013.
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. GIB AM invests in the fund through deep thematic research to identify areas and industries that are addressing the world’s sustainability challenges.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting 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.
The topic was a focus of high-level talks during COP28’s Finance Day with former Brazil premier Dilma Roussef, President of New Development Bank, talking about the importance of deepening local currency capital markets to lower the cost of capital for organisations on the ground.
The only company that has attempted DSM exploitation, Nautilus Minerals, went bankrupt in 2019 as it unsuccessfully attempted to develop its Solwara 1 deep sea copper, gold and silver project off the coast of Papua New Guinea, causing large losses for several banks, including ABN Amro and ING Group.
The FfB Foundation was set up in March 2021 after the launch of the FfB Pledge in the previous year, which currently has 153 signatories across 24 countries with a collective US$22.6 trillion in AUM.
Policy reform, best practice and legal judgments are redefining the relationship between fiduciary duty and sustainableinvestment. In late April, the UK High Court ruled that charity trustees can consider climate change factors when making decisions over their investments, even if it means making lower returns.
DSM excluded from ESG portfolios Many investors and financial institutions have excluded DSM from their definitions of sustainableinvestment. The International Capital Market Association (ICMA) issued guidance on sustainable blue economy bonds, explicitly excluding DSM.
That’s also a legal risk from their perspective.” The European Banking Federation (EBF) raised similar concerns to EFAMA and Eurosif, and added in its consultation response that it had to be recognised that a large part of investable companies were not subject to ESRS.
The Net Zero Banking Alliance (NZBA) has faced similar pressure, with six of its US members subpoenaed by state attorneys-general on the grounds of their participation in the alliance.
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 (..)
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including GRI, Sustainalytics, ISS ESG, CDP, Diginex, Esgaia and Normative. . Normative , a?
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.
Fixing the Business of Food The project team led by the Columbia Center on SustainableInvestment issued its 2021 project report that provides an update on the food and agribusiness sector’s alignment with the SDGs, as well as offering guidelines to help companies accomplish the change of direction needed to address this challenge.
Leading US banks and insurers will face votes at their upcoming AGMs asking for policies aligned with the International Energy Agency’s (IEA) net zero roadmap , after challenges to shareholder resolutions were rejected. . Regulator refuses requests for no-action relief against shareholder resolutions calling for IEA alignment. .
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