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ESG Explainer: The Blue Economy

Chris Hall

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). UNEP FI is working towards integrating the use of sustainable finance practices in support of ocean health by the global financial community.

UNEP 98
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Litigation Surge Reflects Evolving Climate Duties

Chris Hall

Noting that the number of court cases being brought against companies on climate-related grounds has recently topped 2,000, the report says some plaintiffs are seeking to recover the costs of climate change itself, or the expense caused by having to adapt to it. Resort to the courts. Vital role of non-execs.

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Turn Commitments into “Hard Numbers”, says GFANZ’s Carney

Chris Hall

Transition plans should demonstrate alignment with 2030 decarbonisation targets, says UN Climate Envoy. In addition, institutions should have interim decarbonisation targets that are “consistent” with the 2030 target, set by the Intergovernmental Panel on Climate Change , of reducing CO2 emissions by around 45% from 2010 levels.

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Defining Sustainable Economic Systems – Development vs Growth

Richard Matthews

Our economic system has failed to address long-standing threats like climate change, biodiversity loss, disease, water scarcity, and inequality. One of the byproducts of this form of economy is massive levels of climate change-causing greenhouse gas (GHG).

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ESG Explainer: Line of Duty

Chris Hall

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. Policy reform, best practice and legal judgments are redefining the relationship between fiduciary duty and sustainable investment.

UNEP 52
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SEC Allows Climate Votes at Major US Institutions

Chris Hall

Shareholders at other North American banks – including Bank of America, Goldman Sachs, Wells Fargo, Bank of Montreal and TD Bank – have also filed proposals asking for lending and financing policies consistent with the IEA’s scenario for limiting climate change to 1.5 Risk of stranded assets . degrees Celsius.