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Nature-related assessment and disclosure frameworks and standards pay insufficient attention to oceans, Romie Goedicke, Co-head of Nature at United Nations Environment Programme – Finance Initiative (UNEP FI) has said, following the release of a comparative study. SBTN is expected to release its method for oceans this year,” she said.
The UN Environment Programme Finance Initiative (UNEP FI) and the Finance for Biodiversity Foundation (FfB) are developing a framework which will look to "operationalise" nature positive concept and standardise definitions and investment approaches.
Stakeholder capitalism, however, challenges this view and suggests directors should expand their definition of fiduciary duty, by considering the impact of board decisions on all stakeholders — both internal and external — despite there currently being no legal requirement to do so.
Definitely a broken record with the United Nations and scientists continually warning of the emissions gap between national policies, pledges (Nationally Determined Contributions- NDCs) and what the science says This is the 14th Emissions Gap Report.
This was one of the motivations underpinning the CBI’s recent launch of a taxonomies-focused initiative alongside the Principles for Responsible Investment (PRI) and the UN Environment Programme Finance Initiative (UNEP FI). A national taxonomy is the first step to this, which is why this evolution is positive.
The UN Environment Programme’s (UNEP) 2023 Emissions Gap Report – aptly titled ‘Broken Record’ – clearly states that the world is a long way from limiting global warming to 1.5°C Adaptation bonds are among the potential vehicles for private investment, but policy action is still needed at COP28.
The Central Bank of Azerbaijan (CBA) launched a taxonomy standardisation initiative, and in summarising the outcomes of COP29, the United Nations Environment Programme Finance Initiative (UNEP FI) noted the agreement on an urgent need to scale adaptation finance, using concessional finance, metrics and taxonomies in mobilising private investment.
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. It’s very much driven by UN SDGs and the UNEP priorities,” Mollin explained. billion tonnes. The economic cost is also substantial.
DWS whistle-blower Desiree Fixler has criticised European Supervisory Authorities (ESAs) for not reaching out to her regarding their investigation into greenwashing in sustainable investment, while other consultation responses focused on ESG rating agencies, harmonisation, and definitional nuances of greenwashing.
Nature-based infrastructure solutions can influence 79% of all targets across the Sustainable Development Goals, highlighting the critical role nature can play in advancing sustainable development, climate action and biodiversity conservation, according to a new report by the UN Environment Programme (UNEP), UNOPS, and the University of Oxford.
DSM excluded from ESG portfolios Many investors and financial institutions have excluded DSM from their definitions of sustainable investment. In an appendix on relevant guidelines and reporting standards, the handbook does not list the UNEP FI report, the ICMA guidance, or the UNCTAD classification.
The standard was developed after the failure of a tailings facility at Brumadinho, Brazil in 2019, causing 272 deaths, through an independent process convened by ICMM, the United Nations Environment Programme (UNEP) and Principles for Responsible Investment (PRI).
It was supported by an informal technical expert group, and a founding partner group consisting of Global Canopy, UNDP, UNEP FI, and WWF, to develop recommendations for more effective nature-related disclosures in order to promote more informed investment decision-making.
Stronger wording might have been possible, but this was a big step in the right direction,” said Remco Fischer, Climate Lead, UN Environment Programme Finance Initiative (UNEP FI). That’s something that the markets and the investors need to navigate,” says UNEP FI’s Fischer. C in realistic reach.
ISSB’s new definition of sustainability will be included in the general sustainability standard, meaning that companies will need to outline their dependencies on and the risks of natural ecosystems and human capital to their business over the short- to long-term. .
Sustainable capitalism also invites efforts to reinforce sustainability as a fiduciary issue, create advisory services for sustainable asset management, expand the range and depth of sustainable investment products; reconsider the appropriate definition for growth beyond GDP and integrate sustainability into business education at all levels.
Dis]Comfort Blanket It is this similar spirit behind our laser focus on disclosure and reporting that has forced the co-Chair of the UNEP Inquiry Simon Zadek to remark that “we moved from “if you want to manage it, measure it” to “if you are clueless what to do, then measuring it is a good comfort blanket.”
For the past two years, our research has cautioned that the absence of any internationally accepted definition of net zero and any guidance on how corporates can achieve it was hindering corporate climate progress and the ability to measure the efficacy of corporate pledges. C trajectory. We need to be supporting both actions.
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.
The definition does not imply a complete absence of human management and the assessment excludes feral and introduced populations. Funded by member governments, it is not a United Nations body, but its secretariat is provided by the United Nations Environment Programme (UNEP). Almost 140 governments attended the Bonn conference.
Our prediction: As at COP27, international disagreement is likely to mean that any definitive language on this point is very unlikely. Ahead of COP28, UNEP released its flagship adaptation report, finding that the current “adaptation finance gap” sits at about US$194 – 366 billion per year.
However, the NZIA’s existing three-pronged target-setting framework has previously been criticised for being too soft, with loopholes in definitions and a lack of ambition.
In January this year, the UN Environment Programme (UNEP) cast doubt on some of the more extravagant claims made for the ‘green-ness’ of natural gas. In October 2021, UNEP reported : “Global plastic production has risen exponentially in the last decades. It now amounts to some 400 million tonnes per year. But with whom exactly?
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