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Current pledges will nudge global warming down from its present 2.8°C In an accompanying commentary , UNEP Executive Director Inger Andersen said: “I urge every investor, public and private, to put their capital towards a net zero world. C course to 2.5°C
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.
“Being able to connect that global message with the individual experience of people on the ground is incredibly important for the strength of those relationships, but also to avoid accusations of greenwashing and reputational risk for companies. “It’s incredibly common to have one story that seems to emerge from global aggregate level reporting, (..)
Taxonomies define economic activities aligned with sustainability goals across multiple sectors and provide guidance to corporates and investors with an aim to mitigate greenwashing. Hopes are set for a new era of insight into the sustainability performance of corporates.
Worst sort of greenwashing One aspect, she says, is highlighted by drawing a dividing line between the oil and gas industry on the one hand and other sectors that have lobbied on climate action issues, such as steel, chemicals and cars. Crises never go to waste “Post-Ukraine, this view became very present in the EU,” says Holder.
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