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Climate risk tools available to financial institutions suffer from shortcomings in data inputs and scope, despite recent consolidation and technology innovation, according to a new report by the UN Environment Programme Finance Initiative (UNEP FI).
The UN Environment Programme Finance Initiative’s (UNEP FI) has opened a new risk centre centralising its resources on climate and nature risks, aiming to help members better identify and manage the ones that are financially material. In addition, a knowledge hub will share resources on assessing risks.
Taking place over Wednesday and Thursday (12-13 October), the hybrid Climate Action Summit – Delivering a Net Zero will include an exciting virtual high-level event, six interactive deep-dive webinars, and an in-person, live-streamed debate and free networking reception hosted and support by Foresight Group at The Shard in London.
CEO Genevieve Patenaude demonstrates the technology during a Google Earth Outreach webinar. A climate and environment risk platform designed for the United Nations Environment Program (UNEP), STRATA, has been developed in collaboration with the University of Edinburgh, and is powered by Earth Blox’s technology.
Some banks are using a framework designed for the Principles for Responsible Banking (PRB) initiative to help meet reporting requirements under the EU Corporate Sustainability Reporting Directive (CSRD), a UN Environment Programme Finance Initiative (UNEP FI) webinar heard.
The webinar was aimed at presenting this work to CBD national focal points and interested parties. A recording of the webinar is available here. With over 130 attendees, the Nature Map team also explored its potential applications to support in-country conservation and climate action efforts.
EDITOR’S NOTE The analysis results along with insights from insurance regulators and other stakeholders will be presented in a webinar at 2 p.m. ET Thursday, July 27.
The green, social and sustainability (GSS) debt could provide a key channel for investors to support adaptation in emerging markets countries, according to panellists speaking during a webinar hosted by the NGO Climate Bonds Initiative this week. .
Earlier this month, the UN Environment Programme (UNEP) published its 2023 ‘ Adaptation Gap Report ’, which highlighted that EMDEs’ forecast climate adaptation finance needs are now ten to 18 times larger than existing international public flows.
Soft launched at COP15 last year, NA100 will serve as the nature-focused counterpart to investor-led engagement initiative Climate Action 100+ (CA100+).
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