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ISS ESG has applied its wealth of experience in measuring physical and transition-related climate risks, regulatory alignment, and much more, to develop a broad and deep dataset, to help streamline banks’ EBA Pillar 3 ESG reporting.” These metrics include, among others, portfolio-level Implied Temperature Rise.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including UNEP FI, ISS ESG, ISSB, Xpansiv and Carbon Trust. Carbon Trust says the platform will be further developed to support companies with carbon footprinting, target setting and value chain analysis.
As the enabler for transparency on sustainability impacts, Global Reporting Initiative has an important role in the debate, as demonstrated by the new Climate Change and Energy Standards currently under development. pm, with a focus on corporate sustainability reporting and regulations.
Skye Macpherson , Global Head of Asset Management, said: “Nick has a wealth of experience within natural capital investments and strong relationships with business, financial institutions, donors, governments and development finance institutions.
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.
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 ”.
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.
New framework outlines targets for institutional investors to take decisive action on nature risks and impacts. We hope this framework will help our signatories and other investors to set nature targets,” added de Horde. trillion in AUM.
WWF International’s Battle says that scientists are only just beginning to understand the systems and processes that allow life to thrive in the deep ocean, and how it helps to regulate the climate. “This lack of scientific knowledge means we cannot possibly develop informed regulations for this new industry,” Battle notes.
By treaty, the ISA is tasked with ensuring the equitable distribution of benefits from DSM, especially to developing countries. DSM excluded from ESG portfolios Many investors and financial institutions have excluded DSM from their definitions of sustainableinvestment.
Sachs | September 22, 2015 Land rights, both for individuals and for communities, are critical for achieving sustainabledevelopment. As the UN member countries begin to implement the new SustainableDevelopment Goals (SDGs), they should keep land rights in their focus, and measure and protect land rights in order to achieve the SDGs.
The APAC Network will be led by newly appointed GFANZ Director Yuki Yasui, who previously served as the APAC lead for the UN Environment Programme Finance Initiative (UNEP FI). It will also look to develop country chapters to support local engagement and implementation.
It defines roles, responsibilities and accountabilities for asset owners, investment managers, advisors, and service providers. Policy ultimately aims to build the foundations that support the development of society towards shared goals, taking into account collective interests and political preferences, as well as addressing market failures.
It represents not only a lost opportunity to feed food-insecure people but also a substantial contribution to greenhouse gas (GHG) emissions – an estimated 8 -10% of total global emissions , according to the United Nations Environment Programme (UNEP) , as well as 58% of all landfill methane emissions , according to the EPA.
The TNFD’s LEAP approach (Locate, Evaluate, Assess, Prepare) has proved a popular and easy-to-apply methodology for helping companies report their sustainableinvesting activities in accordance with Global Reporting Initiative (GRI) disclosures or regulatory directives such as the Corporate Sustainability Reporting Directive (CSRD).
” A framework for nature The TNFD recommendations and a suite of additional implementation guidance were developed from a two-year consultative process, including pilot testing by over 200 companies and financial institutions.
SDSN had a busy 2021 where a number of our networks, programs, and teams supported the progress towards achievement of the SustainableDevelopment Goals (SDGs) and the Paris Climate Agreement. Along with the report, they also provided a policy brief.
The biodiversity and nature data market being built by third-party providers is growing at a rapid pace, but it’s still in its nascent stages, with investors currently focused on developing their in-house assessment capabilities and supporting different initiatives on a piecemeal basis.
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. . Initial coverage includes an assessment universe of the most material sectors of major developed market indices. . Normative , a?
As the UN Environmental Programme (UNEP) summarises in their Adaptation Gap Report [8], “adapting to climate change makes economic sense” – with the Global Commission on Adaptation estimating a return of US$7.1 trillion investment in adaptation measures [9]. For many institutional investors, physical risks remain ‘terra incognita’.
Sustainable economies like these can help us to realize the United Nations’ SustainableDevelopment 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. However, it remains focused on profit maximization.
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.”. But that [progress is] not being made by all governments.”.
DWS whistle-blower Desiree Fixler has criticised European Supervisory Authorities (ESAs) for not reaching out to her regarding their investigation into greenwashing in sustainableinvestment, while other consultation responses focused on ESG rating agencies, harmonisation, and definitional nuances of greenwashing.
Taxonomies define economic activities aligned with sustainability goals across multiple sectors and provide guidance to corporates and investors with an aim to mitigate greenwashing. In November, Eurosif published a roadmap on scaling-up investments for sustainable growth.
C overshoot still feels like the elephant in the room. It should be “central to all investors’ risk management processes”, O’Brien says, noting that TIAA utilises climate scenarios set out by the Network for Greening the Financial System (NGFS) to stress test investment processes. C of global warming by 2100 – and between 2.4-2.6°C
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 climate change factors when making decisions over their investments, even if it means making lower returns.
The issue is longstanding, but has been thrown into sharp relief by the sharp rise of ESG-related investing in recent years, with existing regulatory frameworks increasingly requiring fiduciaries to consider whether to simply pursue maximum returns for clients and trustees, or take into account wider issues, typically related to sustainability.
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.
The NZIA told ESG Investor that it does not comment on the individual and independent actions of its existing or ex-members. A NZAOA spokesperson told ESG Investor that the NZIA and NZAOA are separate and distinct initiatives, and that the alliance remains “firmly committed” to supporting an “economic transition to net zero by 2050”.
ISS ESG, the sustainableinvestment-focused arm of ISS STOXX, announced today the launch of launched a customizable version of its Climate Impact Report, designed to help investors assess and communicate their climate-related target setting, risk management, reporting, and engagement activities.
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. . The shareholder proposals ask banks to fulfil the UNEP FI’s recommendations for credible net zero commitments and the IEA net zero roadmap. .
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