Corporate Knights

JANUARY 18, 2022

According to two recent reports from Goldman Sachs, the cost of developing fossil fuels has surpassed the cost of renewable energy projects. These developments are critical. C above pre-industrial levels, according to the United Nations Environment Programme (UNEP).

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Divestment UNEP Banking Net Zero 290

Chris Hall

SEPTEMBER 19, 2024

The Science Based Targets initiative ’s (SBTi) much-anticipated Financial Institutions Net Zero (FINZ) standard is expected to place banks under more pressure to increase their climate-related transparency and ambition.

Net Zero 64

Net Zero Banking UNEP Paris Agreement 64

Chris Hall

DECEMBER 20, 2023

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to net zero, even by those who acknowledged its multiple caveats.

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Net Zero Paris Agreement UNEP Development 84

ESG Today

SEPTEMBER 17, 2024

trillion annually required to reach net zero emissions by 2050, and adds that policies to date have focused primarily on developed markets, while emerging markets and developing economies (EMDEs) are still facing significant underinvestment. trillion in 2023, but notes that this still falls short of the estimated $4.8

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Net Zero Climate Change UNEP CDP 134

Chris Hall

DECEMBER 1, 2023

Investors have made pledges towards net zero, they are taking action by engaging with companies, and are increasingly vocal and responsible stewards of the capital they manage. But they cannot do it alone. Consequently, investment portfolios may remain exposed to sustainability risks from climate change.

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Net Zero Paris Agreement UNEP Climate Change 64

Envirotec Magazine

OCTOBER 26, 2021

C this century, according to the UN Environment Programme’s (UNEP) latest Emissions Gap Report 2021: The Heat Is On. Released ahead of the UN Climate Change Conference (COP26), the latest round of climate talks taking place in Glasgow, the report finds that net zero pledges could make a big difference. Zeroing in on net zero.

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Net Zero UNEP COP26 Climate Change 52

Chris Hall

MAY 11, 2023

Speaking at ESG Investor’s inaugural Stewardship Summit, UNEP FI’s Carlin says transition finance flows to developing economies are too low to meet net zero targets.

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Net Zero UNEP Climate Change Development 52

Chris Hall

JUNE 21, 2023

The proposed solution for net zero targets and progress aims to improve transparency and accountability, but will need to consider existing guidance. But there is still room for hope that net zero commitments – and subsequent progress on decarbonisation – can be transparent, aligned and ambitious.

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Net Zero Climate Change UNEP Paris Agreement 52

Chris Hall

DECEMBER 5, 2023

PRI will lead new taskforce focused on supporting dialogue between policymakers and non-state actors pursuing net zero-aligned strategies. We’re getting very positive feedback from those major institutions of the globe – this taskforce needs to represent the diversity of the globe.

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Net Zero Paris Agreement UNEP Climate Change 59

Chris Hall

JUNE 9, 2022

The Glasgow Financial Alliance for Net Zero (GFANZ) has announced the formation of its APAC Network and the creation of a regional advisory board to accelerate net zero action across the Asia Pacific region. It will also look to develop country chapters to support local engagement and implementation.

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Net Zero UNEP Sustainable Investment Climate Change 52

Chris Hall

JULY 1, 2022

This is the assessment of Eric Usher, Head of the UN Environment Programme Finance Initiative (UNEP FI) which brings together the United Nations and the financial sector to develop responsible investment agendas. ESG is no longer just the responsibility of sustainability or environmental risk management teams. of emissions.

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Net Zero UNEP Greenwashing Banking 98

Chris Hall

DECEMBER 13, 2023

“Investors and companies are increasingly setting climate and nature targets, but once those are in place, they need to be thinking more about how to redirect capital [in line with these goals],” Ivo Mulder , Head of the Climate Finance Unit at the UN Environment Programme (UNEP), told ESG Investor. trillion in 2022.

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UNEP Climate Change Paris Agreement Net Zero 122

ESG Today

JANUARY 22, 2023

See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Lenovo Commits to Net Zero Emissions Across the Value Chain by 2050 Danone Launches Plan to Address Methane Emissions From Dairy Supply Chain Pfizer to Offer Full Portfolio of Medicines to 1.2

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Net Zero Supply Chains Supply Chain Decarbonize 122

Chris Hall

MARCH 4, 2022

ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including UNEP FI, ISS ESG, ISSB, Xpansiv and Carbon Trust. Carbon Trust has launched Route to Net Zero Standard, a three tier certification system that will rank companies’ progress to net zero.

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UNEP Net Zero Banking Waste 52

Chris Hall

MARCH 7, 2022

F4B launched its net zero transition framework to help asset owners and other financial institutions adopt a fully integrated approach to climate and nature risks and impacts. The F4B framework has been developed to complement the Task Force on Nature-related Financial Disclosure’s (TNFD) upcoming guidance, Zadek said.

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Net Zero Climate Change UNEP Banking 52

3BL Media

DECEMBER 20, 2023

Among market-led developments, the Institutional Investors Group on Climate Change finalized its guidance on climate solutions , while several firms predicted the emergence of financial products, including exchange-traded funds, that claim to address the physical risks of climate change.

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UNEP Climate Change Banking Development 147

Chris Hall

JANUARY 26, 2023

Although minerals are critical to a net zero future, ongoing environmental and social abuses cannot be ignored, urges Brumadinho community representative. It will further attempt to identify where existing ESG data can be consolidated, so investors and corporates can align. No metals, no transition… but at what cost?”

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UNEP Net Zero Banking Clean Technology 98

Chris Hall

SEPTEMBER 17, 2024

A letter from 534 financial institutions representing US$29 trillion in assets under management called for policy action in five areas to accelerate private sector investment in a “ just transition to a climate-resilient, nature-positive, net-zero economy”.

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Net Zero UNEP Paris Agreement Climate Change 72

Chris Hall

MARCH 18, 2022

Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. Smith says: “There have been some delays in the calendar, but that means there has been much more engagement with different actors around developing the (GBF).

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UNEP Climate Change Paris Agreement Banking 98

Chris Hall

SEPTEMBER 29, 2022

Blended finance vehicles can help asset owners achieve impact in emerging markets and developing economies. . Research by the BlackRock Investment Institute has estimated that around US$1 trillion a year is needed if EMDEs are to achieve net zero by 2050. . The group plans to unveil some of its findings ahead of COP27. .

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UNEP Impact Investing Net Zero Supply Chains 98

Chris Hall

NOVEMBER 29, 2023

If approved, it will lead to the setting up of RAF as a standardised template for organisations to submit their net zero pledges and transition plans for publication in GCAP, says Gillod. But, Gillod is also cautious about how much impact the UNFCCC’s RAF can actually have. “It

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Net Zero CDP Climate Change Paris Agreement 78

Chris Hall

MARCH 16, 2022

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.

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UNEP Banking Paris Agreement Stranded Assets 98

Chris Hall

NOVEMBER 22, 2023

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 Twenty-four percent of assessed countries said they have developed a NAP, and 46% intend to do so in the near future.

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UNEP Net Zero Climate Change Development 92

Chris Hall

MARCH 15, 2024

Alliance extends net zero targets to capital markets activities, as frameworks provide more tailored approach for banks’ transition strategies. Founded in April 2021 by UNEP FI, the NZBA has 143 members overseeing US$74 trillion in capital. As both thresholds were “comfortably cleared”.

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Net Zero Paris Agreement Banking UNEP 59

Chris Hall

FEBRUARY 8, 2022

Financial institutions still don’t have expertise to handle net zero transition, according UNEP FI-backed report. The 12-month programme launch follows increasing demand from asset owners and managers for resources and qualifications that will help them develop the relevant skills for managing the net zero transition.

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Net Zero UNEP Banking Climate Change 52

Chris Hall

OCTOBER 28, 2022

As well as echoing UN Climate Change’s assessment that nationally determined contributions needed significant strengthening, the UNEP report said the financial system “must overcome internal and external constraints” to become a critical enabler, putting the annual investment needed for a global transition to a low-carbon economy at US$4-6 trillion.

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Net Zero UNEP Climate Change COP26 52

Chris Hall

OCTOBER 10, 2022

Financial institutions need to segment their portfolios into transition, net zero-aligned and stranded assets and develop clear emissions reduction plans in line with recognised 2030 and 2050 targets, said Mark Carney, Founder and Co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ).

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Net Zero Stranded Assets Banking UNEP 52

Renewable Energy World

JUNE 25, 2021

The new Zero Carbon Building Accelerator will coordinate the development of national roadmaps and action plans toward a zero-carbon building sector by 2050, beginning in partner countries Colombia and Turkey and eventually spreading throughout the expansive network of subnational partners to the Building Efficiency Accelerator.

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Zero Carbon Climate Change Decarbonize UNEP 99

Chris Hall

JANUARY 31, 2023

She argues in her consultation response that regulation won’t tackle greenwashing without a greater emphasis on enforcement.

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Greenwashing Net Zero CDP Sustainable Investment 96

Chris Hall

JUNE 1, 2023

On 15 May, over 20 state attorneys-general sent a letter to NZIA and Net Zero Asset Owner Alliance (NZAOA) members, asking for information on their relationship to the alliances and commitments made. Fear of breaking anti-trust laws risks shaking the foundations of GFANZ sub-alliances in the wake of NZIA exodus.

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Net Zero UNEP Paris Agreement Sustainable Investment 52

Sustainable Development Network

OCTOBER 30, 2023

This dialogue sought to harness the expertise and guidance of the CEET to inform strategies and actions to achieve net-zero emissions by 2050. The program is already operational, and focuses on public transportation, fleet replacement and expansion, and the development of a comprehensive charging network.

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Decarbonize Net Zero Corporate Social Responsibility UNEP 59

Chris Hall

DECEMBER 18, 2024

Since that time, the EU Taxonomy has been improved and expanded beyond initial climate-focused criteria, and other jurisdictions around the world have followed suit, developing their own taxonomies. The EU Taxonomy was among the first such tools, with its governing Regulation entering into force on 12 July 2020.

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UNEP Sustainable Investment Net Zero Development 72

Chris Hall

OCTOBER 18, 2024

According to the UN Environment Programme – Finance Initiative (UNEP FI), the finance sector has ground to make up too, albeit at least some of the responsibility for this also sits with governments. Private sector investment in nature had swollen to US$102 billion by May 2024, an eleven-fold increase on May 2022, apparently.

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UNEP Banking Net Zero Development 81

Chris Hall

SEPTEMBER 23, 2022

The future of his Glasgow Financial Alliance for Net Zero was in question after media reports that major US banks were threatening to quit rather than accept legal risks that might arise from tougher membership rules. You shouldn’t be an international development banker either, said former UNFCCC head Cristiana Figueres.

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Net Zero Paris Agreement Banking UNEP 52

Chris Hall

DECEMBER 13, 2023

Developed countries have also been asked to prepare a report on doubling by COP29. UNEP FI estimates the current adaptation finance gap is around US$194-366 billion per year, and positively, Climate Policy Initiative (CPI) found last month that adaptation finance had reached an all-time high of US$63 billion, growing 28% from 2019/20.

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UNEP Climate Change Net Zero Development 64

Chris Hall

MAY 13, 2022

Stuart Lemmon, Global Managing Director for the Net Zero Transformation Practice at EcoAct, an Atos company, outlines the elements of a credible corporate climate strategy and explains why we should embrace scrutiny and work collectively on the path to net zero. o C remains highly uncertain. Navigating without a road map.

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Net Zero Climate Change COP26 Greenwashing 52

Chris Hall

DECEMBER 1, 2022

Because of their multiple benefits, investments in NbS would represent “good value for money” at a time of global macroeconomic uncertainty, said Ivo Mulder, Head of the Climate Finance Unit at the UN Environment Programme (UNEP). . Where finance flows, action follows,” she said, adding: “Where finance flows lag, commitments wither.” .

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UNEP Net Zero Climate Change Banking 52