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The Glasgow Financial Alliance for NetZero (GFANZ) has announced the formation of its APAC Network and the creation of a regional advisory board to accelerate netzero action across the Asia Pacific region. The post GFANZ Launches APAC Network to Accelerate Move to NetZero appeared first on ESG Investor.
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. Race to zero. This is something that’s being centralised and mainstreamed across organisations. of emissions.
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 has launched Route to NetZero Standard, a three tier certification system that will rank companies’ progress to netzero.
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.
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.
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.
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.
Climate adaptation finance is also important for risk management of netzero assets, according to the UK’s Green Finance Institute. With adaptation finance flows remaining dangerously low to meet climate goals, has COP28 made a difference?
The FfB Foundation was set up in March 2021 after the launch of the FfB Pledge in the previous year, which currently has 153 signatories across 24 countries with a collective US$22.6 trillion in AUM.
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. . ISS ESG Issuer Level NetZero Alignment Data can be used to identify positive and negative performing companies against individual climate related metrics.
In March 2021, the Align project was also launched, led by the United Nation’s Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) and funded by the European Commission.
SDSN signed a partnership agreement with the Climate Action Tracker (CAT) to collaborate in the coming years on areas of common interest, including around national net-zero strategies, pathways and policies.
C is rapidly falling out of reach , despite the fact most netzero commitments set by governments, investors and companies target a 1.5°C What investors can do instead is continue to demand netzero transition plans aligned with 1.5°C “This summer is giving us a mere taste of our future, and we’re still only at 1.3°C
On 15 May, over 20 state attorneys-general sent a letter to NZIA and NetZero 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.
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.
Leading US banks and insurers will face votes at their upcoming AGMs asking for policies aligned with the International Energy Agency’s (IEA) netzero roadmap , after challenges to shareholder resolutions were rejected. . Regulator refuses requests for no-action relief against shareholder resolutions calling for IEA alignment. .
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