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While progress was uneven, it was achieved against a radically changing geopolitical backdrop, and reinforced by moves in the US to mandate climate risk disclosures by corporates and discourage greenwashing by fund providers. It might not be perfect, but perhaps we should not expect it to be.
But measures to support the goals of the ParisAgreement must now sit alongside those needed to realise the objectives of the Global Biodiversity Framework (GBF). In anticipation of the NCQG, the OECD released an analysis recommending use of public sector interventions to directly or indirectly finance climate action.
International investment manager M&G Investments announced that it will adopt the new Sustainability Improvers label introduced by the UK Financial Conduct Authority (FCA)s Sustainability Disclosure Requirements (SDR)for its SustainParis Aligned range of climate mitigation-focused investment funds.
The latter, which just marked its tenth anniversary, is a set of voluntary frameworks that seek to promote the role of global debt capital markets in financing progress towards environmental and socialsustainability.
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