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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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Defining Sustainable Economic Systems – Development vs Growth

Richard Matthews

Sustainable economies like these can help us to realize the United Nations’ Sustainable Development Goals (SDGs). This blend of free markets and state control is the dominant economic system in the vast majority of developed nations in the world today. The inspiration economy.

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

Chris Hall

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). Heading for the exit?

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Litigation Surge Reflects Evolving Climate Duties

Chris Hall

According to the UNEP Global Climate Litigation Report , more than 1,500 cases had been filed in 38 countries by July 2020. The number of cases is widely recognised as having doubled since 2015.

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ESG Explainer: Line of Duty

Chris Hall

In 2005, a group of investment managers organised under the UN Environment Programme Finance Initiative (UNEP FI) commissioned law firm Freshfields Bruckhaus Deringer to publish a report , ‘A Legal Framework for the Integration of ESG Issues into Institutional Investment’. How does fiduciary duty relate to sustainable investment?

UNEP 52
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SEC Allows Climate Votes at Major US Institutions

Chris Hall

The proposals ask for the firms to adopt policies by year end which move toward elimination of financing or insuring new fossil fuel developments, as called for by the IEA. . Risk of stranded assets . at Trillium Asset Management.? “In JPMorgan Chase and Morgan Stanley have yet to announce their meeting date.