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Reports released on COP29 ’s Finance Day by the Global SustainableInvestment Alliance (GSIA) and Taskforce on Net Zero Policy have highlighted the significant obstacles that continued policy gaps pose for investors and companies. C temperature pathway.
In both the public and private sectors, this week saw incremental progress in support of sustainableinvestment objectives, rather than transformative changes. A selection of this week’s major stories impacting ESG investors, in five easy pieces.
Stewardship synergies NBIM’s Snorre suggested that investors should look to explore synergies between new nature-related risk and reporting processes and existing sustainableinvestment activities stemming from climate risks, such as engagement activity with portfolio companies to reduce deforestation. “If
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including Federated Hermes, SLM Partners, DIF, PGGM, MEAG and Future Planet Capital. . Each theme also considers multiple sub-themes aligned with the UN’s Sustainable Development Goals (SDGs).
InfluenceMap said while PG&E “demonstrates positive and active engagement with climatechange policy”, it highlights the misalignment of the firm’s positivepositions with its board-level membership in the American Gas Association and California Chamber of Commerce, which both actively lobby against state and federal climate policies.
COP27 deadline for Green Finance Strategy likely to be missed, as investors await details on sustainableinvestment framework. Investors are expecting details this week on the new UK government’s strategy on energy and inflation, but time is running out for updates on key climate and green finance policies ahead of COP27.
Generating returns from regenerative agriculture is positive for the planet but entails a different risk profile for investors, says Paul McMahon, Managing Partner at SLM Partners. Climatechange impacts are “stressing agriculture, forestry, fisheries, and aquaculture, increasingly hindering efforts to meet human needs”.
C of warming, the Inevitable Policy Response calculates that current government policies, ie those in place pre-COP28, will only limit climatechange to 1.8°C Remco Fischer, Head of ClimateChange at the UN Environment Programme Finance Initiative, sees less risk for investors taking bets on a 1.5°C
The parallels between the disclosure and risk management frameworks of the TNFD and its forerunner, the Task Force on Climate-related Financial Disclosures (TCFD), are welcomed as easing the disclosure burden, but few under-estimate the challenge ahead.
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