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Time for a fair phase out of fossil fuels

Corporate Knights

It’s hard for an oil giant to ignore: in 2021, Shell labelled fossil fuel divestment campaigns a “material risk.” C above pre-industrial levels, according to the United Nations Environment Programme (UNEP). There’s also incentive for the banks and other institutions financing these fossil fuel companies to sell off assets as well.

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“Room for Improvement” in Climate Risk Tools – UNEP FI

Chris Hall

Greater scope and depth needed to keep pace with demand for more holistic approaches to climate risk management by banks and investors. The report is based on the practical user experience of almost 50 banks and investors using available climate risk management tools and includes 15 case studies.

UNEP 98
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AllianceBernstein: Reflections on COP28: Opportunities Amid Challenges

3BL Media

According to global consulting firm McKinsey , helping higher-emission industries and economies pivot to a lower-carbon economy would involve spending US$275 trillion on physical assets for energy and land-use systems between 2021 and 2050. 1 The average annual spend of US$9.2 trillion would be US$3.5 trillion more than the current outlay.

UNEP 147
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Insurers Exit Net Zero Insurance Alliance as U.S. Political Pressure Builds

ESG Today

The NZIA was launched in 2021 by eight insurance and reinsurance companies – including AXA, Allianz and Scor as founding members – and by early 2023 grew to nearly 30 members representing approximately 15% of global premium volume. The announcements come amidst building pressure from Republican politicians in the U.S.,

Net Zero 129
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The ESG Interview: From Ground Level to Board Level

Chris Hall

Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. UNEP FI is going to play a big role in in the year ahead in the piloting programmes to work out what this will look like.”. Innovative finance.

UNEP 98
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ESG Explainer: The Blue Economy

Chris Hall

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). UNEP FI is working towards integrating the use of sustainable finance practices in support of ocean health by the global financial community.

UNEP 98
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The ESG Interview: Dancing into the Mainstream

Chris Hall

Sustainable finance, until recently still a niche activity, is now a mainstream strategic consideration for banks, asset managers and insurers. Usher says asset managers are not alone; many members of the Net Zero Banking Alliance have taken a similar view, choosing to side with management on climate for the time being. Race to zero.