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As Climate Week NYC approaches, the global conversation on climatechange is intensifying, and the need for effective action by all stakeholders is clear to see. pm, with a focus on corporate sustainability reporting and regulations. Malcolm Glenn, GRI US Policy Consultant, will also attend.
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). trillion annually, has attracted just US$13 billion in sustainableinvestment during the past decade.
Every year more than 2 billion tonnes of municipal solid waste (MSW) is produced across the planet, as shown in the UN Environment Programme’s (UNEP) Global Waste Management Outlook 2024. GIB AM invests in the fund through deep thematic research to identify areas and industries that are addressing the world’s sustainability challenges.
With adaptation finance flows remaining dangerously low to meet climate goals, has COP28 made a difference? Developed countries have also been asked to prepare a report on doubling by COP29. billion fund.
To boost sustainableinvestment in ocean economies, the International Capital Market Association, in partnership with other industry bodies, has consolidated existing blue finance guidance and principles under one framework. As of January 2023, green bonds had raised US$2.5 we combine this so the guidance draws on that ”.
The Taskforce for Nature-related Financial Disclosure (TNFD) was founded in June 2021 to provide a framework for corporations and financial institutions to assess, manage and report on their dependencies and impacts on nature beyond climatechange.
In a statement, the GFANZ said it is critical to unlock investment in low carbon and renewable energy in the APAC region if the world is to limit global temperature rise. trillion in investment is required in Asia-Pacific this decade to advance the global net-zero transition and avoid the worst impacts of climatechange.
C higher than in the pre-industrial era, the physical effects of climatechange have already started to materialize. ([1], Natural disasters have always occurred, but climatechange is making them more frequent and more intense. trillion investment in adaptation measures [9]. 1], [3], [4]). Pörtner, D.C.
“We encourage international standard setters and regulatory authorities to consider how the [TNFD] framework can be rapidly adopted into corporate reporting requirements,” said James Alexander, Chief Executive of UK SustainableInvestment and Finance Association (UKSIF), adding that the International Sustainability Standards Board (ISSB) should “turn (..)
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including GRI, Sustainalytics, ISS ESG, CDP, Diginex, Esgaia and Normative. . More scrutiny is needed on the companies that remain in the coal sector, with accountability for their impacts.
In March 2021, the Align project was also launched, led by the United Nation’s Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) and funded by the European Commission.
, hosted by Euroclima+ and presented their modelling results, as part of their collaboration with Argentina's government to develop its Long-Term Strategy on Energy and ClimateChange 2020-2050. impressions on Twitter alone for #VYS2021.
Sustainable finance, until recently still a niche activity, is now a mainstream strategic consideration for banks, asset managers and insurers. For example, the Net Zero Asset Owners Alliance is not led by sustainability teams, it’s typically CIOs who are driving it.”. of emissions. Focus on nature.
There were mixed signals and missed opportunities on sustainableinvestment in the UK’s latest fiscal statement. And beyond its headline conclusion that we’re on track for only limiting climatechange to 2.9°C, A selection of this week’s major stories impacting ESG investors, in five easy pieces.
Our economic system has failed to address long-standing threats like climatechange, biodiversity loss, disease, water scarcity, and inequality. Current economic paradigms are myopically fixated on growth and this is not sustainable. However, it remains focused on profit maximization.
C overshoot still feels like the elephant in the room. Tim Mohin, Partner at Boston Consulting Group (BCG), questions whether there is a time lag in capital markets which has prevented the consideration of a temperature overshoot in climate engagements. C of global warming by 2100 – and between 2.4-2.6°C C by 2050, the report said.
Policy reform, best practice and legal judgments are redefining the relationship between fiduciary duty and sustainableinvestment. In late April, the UK High Court ruled that charity trustees can consider climatechange factors when making decisions over their investments, even if it means making lower returns.
It was carried out by the UN-supported worldwide body, Principles of Responsible Investment (PRI), the UN Environment Programme Finance Initiative and the Generation Foundation, which promotes an equitable world in which climatechange is confronted.
There have been longstanding concerns that there is a “sequencing” issue as the requirements for investors under SFDR came into force before the ESRS requirements for companies.
“We are concerned that [insurer] laggards may now use this pressure as an easy, cheap excuse.” Maria Lettini, CEO of the US SustainableInvestment Forum (US SIF), said that insurers are very exposed to climate-related physical and transition risks, which gives firms “a unique vantage point to help drive climatechange solutions”.
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 climatechange to 1.5 degrees Celsius. at Trillium Asset Management.? “In
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