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$29 Trillion Investor Coalition Urges Government Policies Including Mandatory Climate Reporting, Sectoral Transition Strategies

ESG Today

trillion annually required to reach net zero emissions by 2050, and adds that policies to date have focused primarily on developed markets, while emerging markets and developing economies (EMDEs) are still facing significant underinvestment. trillion in 2023, but notes that this still falls short of the estimated $4.8

Net Zero 127
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Investors Demand Comprehensive Plans at COP29

Chris Hall

A letter from 534 financial institutions representing US$29 trillion in assets under management called for policy action in five areas to accelerate private sector investment in a “ just transition to a climate-resilient, nature-positive, net-zero economy”.

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UNFCCC on the Edge  

Chris Hall

If approved, it will lead to the setting up of RAF as a standardised template for organisations to submit their net zero pledges and transition plans for publication in GCAP, says Gillod. But, Gillod is also cautious about how much impact the UNFCCC’s RAF can actually have. “It

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At COP27, Investors, Companies, and Policymakers Must Accelerate Urgent Action on the Climate and Water Crises To Cut Emissions in Half by 2030

3BL Media

Hundreds of companies and investors including nearly 300 asset managers with a combined $68 trillion in assets have made net zero commitments. These include the Investor Agenda , Climate Action 100+ , the Net Zero Asset Managers Initiative , the Valuing Water Finance Initiative , and the Ceres Ambition 2030 initiative, among others.

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European Regulators Slammed for Approach to Greenwashing Probe

Chris Hall

She argues in her consultation response that regulation won’t tackle greenwashing without a greater emphasis on enforcement. There must be clear communication that these organisations’ ratings are based on voluntary disclosure which in many cases have not been verified or measured, she said.

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This Week’s Tech and Tools News: GRI Publishes New Coal Standard

Chris Hall

ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including GRI, Sustainalytics, ISS ESG, CDP, Diginex, Esgaia and Normative. . 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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Water Must Be “Third Peak” in Climate, Nature Challenge

Chris Hall

Speaking at the OECD’s Forum on Green Finance and Investment 2023 , she also noted that there is “no way we can meet net zero goals without nature”. Water links Analysis by environmental non-profit CDP said that the financial impact of water risks, such as shortages or pollution, could reach as much as US$392 billion.