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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. The post This Week’s Tech and Tools News: UNEP FI Issues Oceans Toolkit for Investors appeared first on ESG Investor.
These include building on the comprehensive Scenario Alignment issuer-level data set that was released in March 2024, to offer key portfolio-level alignment metrics for up to 22 scenarios provided by leading models (IEA, the NGFS, and the UNEP OECM). These metrics include, among others, portfolio-level Implied Temperature Rise.
pm, with a focus on corporate sustainability reporting and regulations. SustainableInvestment Forum North America (24 September, Ziegfeld Ballroom, 141 W 54th Street, 08.55 Matthew Rusk, our Head of North America Network, will participate in a panel between 1.00 Malcolm Glenn, GRI US Policy Consultant, will also attend.
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.
A coalition of investment and sustainableinvesting groups – including Eurosif, PRI, IIGCC, EFAMA, UNEP FI – alongside more than 90 asset managers announced the publication of a joint statement calling on the European Commission to reconsider its recent proposed changes to the European Sustainability Reporting Standards (ESRS), which would ease several (..)
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.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including WWF, UNEP, S&P Global Sustainable1, ISS ESG, and CHOOOSE. The World Wildlife Fund (WWF) has launched a Biodiversity Risk Filter, which looks to aid companies in tackling nature-related risks.
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 ”.
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.
Her Triple B Framework – an approach to blended finance incorporating behavioural change and greater alignment of different types of capital – underpins the Bahamas SustainableInvestment Programme , announced at Clinton Global Initiative in September and in Dubai during COP28.
DSM excluded from ESG portfolios Many investors and financial institutions have excluded DSM from their definitions of sustainableinvestment. The International Capital Market Association (ICMA) issued guidance on sustainable blue economy bonds, explicitly excluding DSM.
Last year, UNEP FI issued a briefing paper for investors and other financial institutions which said “there is no foreseeable way in which the financing of [DSM] activities can be viewed as consistent with the Sustainable Blue Economy Finance Principles”.
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).
For sustainableinvestment professionals, reporting against the Sustainable Finance Disclosure Regulation (SFDR) or the Task Force on Climate-related Financia Disclosures, stewardship code disclosures, and standardised, comparable corporate reporting are now part of the day job. Real economy impact.
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).
This new land-rights indicator has achieved a high level of consensus: it has been endorsed by 30 civil society organizations, supported by a network of development partners, suggested by the United Nations Environment Programme (UNEP), and recommended by the Sustainable Development Solutions Network.
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.
“We encourage international standard setters and regulatory authorities to consider how the [TNFD] framework can be rapidly adopted into corporate reporting requirements,” said James Alexander, Chief Executive of UK SustainableInvestment and Finance Association (UKSIF), adding that the International Sustainability Standards Board (ISSB) should “turn (..)
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. . The working group emphasised climate change as the most critical issue for the sector, requiring enhanced disclosure.
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’.
“Biodiversity in rural England is clearly not the same as a Brazilian biome, and [companies in each region] have vastly different potential risks and impacts,” notes Aela Cozic, SustainableInvestment Analyst and Portfolio Manager at UK-based investment manager Fidelity International.
Fixing the Business of Food The project team led by the Columbia Center on SustainableInvestment issued its 2021 project report that provides an update on the food and agribusiness sector’s alignment with the SDGs, as well as offering guidelines to help companies accomplish the change of direction needed to address this challenge.
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.”. Focus on nature.
There were mixed signals and missed opportunities on sustainableinvestment in the UK’s latest fiscal statement. UNEP did at least try to change the mood by also examining solutions, specifically traditional, land-based and less-proven newer forms of carbon removal.
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.
Sustainable capitalism also invites efforts to reinforce sustainability as a fiduciary issue, create advisory services for sustainable asset management, expand the range and depth of sustainableinvestment products; reconsider the appropriate definition for growth beyond GDP and integrate sustainability into business education at all levels.
C temperature pathway. Last year, the UN Environment Programme’s (UNEP) ‘ Emissions Gap Report ’ said climate policies enacted worldwide could result in 2.8°C C as possible, experts say. The IPR forecasts that climate policies put in place since COP26 set the world on a 1.8°C 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.
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.
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.
Insurance firms must not use the US anti-ESG campaign as a justification for climate inaction, warned Peter Bosshard, Global Coordinator for the Insure Our Future Campaign. “We are concerned that [insurer] laggards may now use this pressure as an easy, cheap excuse.” Maria Lettini, CEO of the US SustainableInvestment Forum (US SIF), said that (..)
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.
Heidi Welsh, Executive Director at the SustainableInvestments Institute, which co-authored the Proxy Preview report, said the combination of stronger support for ESG-related votes at last year’s AGMs and the likelihood of fewer omissions this year may lead to an increased number of resolution withdrawals. .
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