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Blue Zone events: WATER RESILIENCE AND CLIMATECHANGE. This SVA framework, designed to evaluate the effects of climatechange on water resources—from supply chains to distribution networks—has been applied in over 800 locations globally.
One of the key factors driving Moody’s forecast for a stronger end to the year for the GSSS market is the COP28 climatechange conference, which the report indicated could support sustainable debt issuance.
The Institutional Investors Group on ClimateChange , however, remained optimistic , endorsing the 2040 Impact Assessment’s recognition of the need for a collaborative approach to project pipelines and finance models, based on a “predictable and simplified” regulatory environment.
The pact – which was adopted by the 193 members at its UN General Assembly – has the core objective to “turbocharge” actions and investments supporting the SDGs and the ParisAgreement on climatechange, which have seen “halting progress and missed milestones”.
New guidance has clarified that UK-based charity trustees can consider ESG-related factors in their investment decisions but falls short of inspiring increased sustainability-focused ambition from the sector.
Yet, there is growing evidence that funds labeled as ‘sustainable’ do not always deliver what they promise. Research by S&P found that of 12,000 funds researched, representing US$20 trillion assets under management (AUM), only 11% were aligned with the ParisAgreement to keep temperatures below 2C increase.
It is highly likely that the need for close monitoring of policy developments by investors will only intensify over the rest of 2022, as governments seek both short- and long-term answers to their energy security and climatechange commitments.
The FCA rules introduce four labels intended to help consumers to differentiate between the sustainability objectives and investment approaches of investment products, including Sustainability Improvers, investing in assets that have the potential to improve environmental and/or socialsustainability over time.
The latter, which just marked its tenth anniversary, is a set of voluntary frameworks that seek to promote the role of global debt capital markets in financing progress towards environmental and socialsustainability.
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