This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The ensuing conversations — and, no doubt, many more to come — are a continuation of the learning journey I’ve been on for the past few years, seeking to understand the role of the financial sector in advancing sustainability solutions and a clean, decarbonizedeconomy. Even still, last week’s conversations were a real eye-opener.
According to recent research, at least USD 10 trillion of insurance cover will be needed to decarbonize the energy, transport and building sectors – from insuring the construction of offshore wind and solar farms, to the provision of electric vehicle cover and heat pump warranties.
Whether investors find Scope 3 comparable or not, the inclusion of Scope 3 reporting in most non-financial reporting standards is essential for decarbonization in line with a 1.5 ° C pathway as set out by the IPCC scientists. Non-listed SMEs can also voluntarily report using the CSRD’s upcoming VSME framework.
Free acknowledged that while these efforts are important and worthwhile, there needs to be more focus on decarbonization. Fortunately, in the past year, investors have started focusing more on decarbonization and offsets, according to Free. They need to showcase they are having a positive impact on the climate as well,” said Free.
"We have an opportunity to extend the recent response of regulators, businesses and investors on climate change to nature; both are interrelated and both pose a systemic risk to the globaleconomy.". Mellody Hobson, Co-CEO and President, Ariel Investments. LinkedIn | Twitter.
Companies poised to act early will find themselves at the forefront of the growth markets in the globaleconomy. This positions the UK as a leader in rapid decarbonization, setting a high benchmark for other developed nations. The UK will deliver its full plans in 2025.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content