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Embedding sustainability: a call to action for banks to operationalise

Environmental Finance

A blueprint from UNEP FI guides banks to play a pivotal part in transitioning towards climate-resilient, sustainable economy, writes Eric Usher

Banking 110
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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.”.

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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 115
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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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New tool helps banks, investors take immediate action to reverse biodiversity loss

Environmental News Bits

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 (..)

Banking 81
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Investors, Banks Push Back on EU Plan to Ease Sustainability Reporting Rules

ESG Today

Banking association AFME’s response, detailed below, raised similar concerns. The post Investors, Banks Push Back on EU Plan to Ease Sustainability Reporting Rules first appeared on ESG Today. The post Investors, Banks Push Back on EU Plan to Ease Sustainability Reporting Rules appeared first on ESG Today.

Banking 131