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Fri, 03/12/2021 - 01:30. The paper identifies five core green policy areas that policymakers should focus on — green energy, low-carbon transport, natural capital, green building upgrades and green research and development (R&D) — and highlights successful green spending programs to date. Cecilia Keating. Of the $14.6 Meanwhile, $86.1
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).
It’s hard for an oil giant to ignore: in 2021, Shell labelled fossil fuel divestment campaigns a “material risk.” According to two recent reports from Goldman Sachs, the cost of developing fossil fuels has surpassed the cost of renewable energy projects. These developments are critical. First, end the expansion of fossil fuels.
Originally published on bloomberg.com Bloomberg today announced the launch of a first-of-its-kind tool that investors can use to assess the potential impact of a company’s business on any of the United Nations’ 17 Sustainable Development Goals (SDGs). 3 trillion per year for developing countries ( UN Sustainable Development Group ).
Thu, 05/27/2021 - 01:00. Olam developed an Integrated Impact Statement (IIS) to create a way for the company to understand how business and investment decisions impact natural, social and human forms of capital. Accounting for all the pluses and minuses in food systems. Lauren Baker.
The Biodiversity Benchmark , developed in partnership with The Biodiversity Consultancy and Conservation International and supported by Sappi, will enable companies to understand their impacts and dependencies on nature in their materials sourcing strategies, chart a pathway to delivering positive biodiversity outcomes, and benchmark their progress.
Business and financial markets information service provider Bloomberg announced today the launch of a new data mapping and materiality assessment tool, aimed at enabling investors to assess the potential impact of a company’s business on any of the UN Sustainable Development Goals (SDGs), and to support impact integration in portfolios.
Among market-led developments, the Institutional Investors Group on Climate Change finalized its guidance on climate solutions , while several firms predicted the emergence of financial products, including exchange-traded funds, that claim to address the physical risks of climate change. 1 The average annual spend of US$9.2
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.,
SDSN Youth Mediterranean publishes the 1st edition of this report The Mediterranean Youth Solutions Report 2021 has been prepared by SDSN Youth Mediterranean, the regional team of volunteers of SDSN Youth, in collaboration with the UNEP/MAP–Barcelona Convention Secretariat and Union for the Mediterranean (UfM).
Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. Smith says: “There have been some delays in the calendar, but that means there has been much more engagement with different actors around developing the (GBF).
During the Intergovernmental Negotiating Committee, in the Republic of Korea, representatives from UN member countries are gathering to develop international laws on plastic pollution. For the first time, we have been able to measure tiny particles, as small as 0.03 Notes [1] Data was collected during the 60,000km long Race route.
Companies are also facing increasing pressure to assess and report on nature and biodiversity-related issues, with new disclosure systems emerging such as the Taskforce on Nature-related Financial Disclosures (TNFD) , currently under development. It covers over 17,000 companies and over 1.6
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.
C this century, according to the UN Environment Programme’s (UNEP) latest Emissions Gap Report 2021: The Heat Is On. It is a now problem,” said Inger Andersen, Executive Director of UNEP. “To To put this number into perspective, carbon dioxide emissions alone are expected to reach 33 gigatonnes in 2021. per cent in 2020.
SDSN had a busy 2021 where a number of our networks, programs, and teams supported the progress towards achievement of the Sustainable Development Goals (SDGs) and the Paris Climate Agreement.
DESCRIPTION: The 27th United Nations (UN) Conference of the Parties (COP), which took place this November in Sharm El Sheikh, Egypt, marked a significant milestone in developing action against climate change. Mitigation Work Program’ Development. SOURCE: Inogen Alliance. Loss and Damage’ Fund Agreement. Loss and damage, 22.
The UN Environment Programme’s (UNEP) 2023 Emissions Gap Report – aptly titled ‘Broken Record’ – clearly states that the world is a long way from limiting global warming to 1.5°C Adaptation bonds are among the potential vehicles for private investment, but policy action is still needed at COP28.
GRI is developing new standards to enhance accountability on the issues that matter most within sectors. Fulfilling financial obligations and steps to tackle corruption – recognizing coal mining often takes place in developing economies or areas of poverty – including transparency on payments, ownership structures and contracts.
Later this month, an Intergovernmental Negotiating Committee will meet in Senegal to begin work on developing the instrument, which the UN hopes to be in place by 2024. UNEP says 400 million tonnes of plastic waste is generated per year. While companies are beginning to ensure their packaging is more sustainable, more can be done.
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. Fancy writes: “To fix our system and curb a growing [greenwashing] disaster, we need government to fix the rules.”.
In the meantime, 80% of the world’s wastewater is returned to the environment untreated (UNEP, 2016). The AWS Standard was developed through a four-year global, multi-stakeholder consultation seeking a framework that could be implemented by any site, in any sector, in any catchment around the world.
Normal 0 21 false false false ES X-NONE X-NONE SDSN Youth and SDSN Youth Mediterranean launched the “Mediterranean Youth Solutions Report 2021”, an incredible opportunity for young students and researchers for contributing to the UN Agenda 2030 and promoting their professional paths. The deadline for submission of projects is 30 April 2021.
In 2021, she submitted a proposal to re-evaluate the established production process to reduce material loss and to improve packaging efficiency. “It Boehringer will always strive to be better: develop better therapies, enable better healthcare solutions, and contribute to a better world for future generations.
SDSN and our networks hosted a number of events alongside the UN's High-Level Political Forum on Sustainable Development (HLPF). The UN RCO of Samoa and SDSN provided an update on the conceptualization and development of a new MVI and its importance in the context of the SDGs and Agenda 2030. Event summaries are below.
Analysis from the United Nations Environment Program (UNEP) concludes that a 45% reduction in global methane emissions by 2030 is essential to limiting global warming to 1.5 The increasing proximity of residential development to our right-of-way meant that the infrastructure had become subject to elevated safety standards.
Spanish insurance company MAPFRE announced today that it has decided to discontinue its membership in in the Net-Zero Insurance Alliance (NZIA), marking the latest in a string of major insurers exiting the UN Environment Program (UNEP)-backed climate action-focused industry group. MAPFRE joined the alliance in April 2022.
As of 1 July 2020, the number of cases had nearly doubled, with at least 1,550 climate change cases filed in 38 countries, according to the UNEP Global Climate Litigation Report. In 2017, there were 884 cases brought in 24 countries. As of January 2022, 1,853 cases have been reported.
The COP28 outcomes on adaptation and loss and damage will aim to advance real action towards building resilience and contributing to sustainable development, including by driving enhanced adaptation finance,” he says. Sultan Ahmed Al Jaber is bullish on the impact of this year’s conference. But will the outcomes match the rhetoric?
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. Launched in 2021, it is a multi-thematic Article 9 fund, meaning it has distinct sustainability objectives. billion tonnes.
Since that time, the EU Taxonomy has been improved and expanded beyond initial climate-focused criteria, and other jurisdictions around the world have followed suit, developing their own taxonomies. The EU Taxonomy was among the first such tools, with its governing Regulation entering into force on 12 July 2020.
NEW YORK , 16 September 2021 - The Council of Engineers for the Energy Transition (CEET) - an independent advisory council to the United Nations Secretary General - has been formally launched. Decarbonizing the world energy system by mid-century to meet the 1.5°
In 2021, the Cisco Foundation made a bold commitment to address the climate crisis, pledging $100 million over 10 years to fund innovative climate solutions. billion in 2021 to $45.6 The climate tech investment landscape has experienced significant fluctuations over the past few years. billion ( Pitchbook ).
Developed countries have also been asked to prepare a report on doubling by COP29. UNEP FI estimates the current adaptation finance gap is around US$194-366 billion per year, and positively, Climate Policy Initiative (CPI) found last month that adaptation finance had reached an all-time high of US$63 billion, growing 28% from 2019/20.
New Climate Bonds Initiative report highlights growth in GSS bond issuance in 2021. . Climate Bonds’ newly released annual report highlighted the discrepancy in green bond issuance volumes between developing and emerging markets last year. . Looking ahead . Surpassing US$1 trillion . trillion, the Climate Bonds report said.
The only company that has attempted DSM exploitation, Nautilus Minerals, went bankrupt in 2019 as it unsuccessfully attempted to develop its Solwara 1 deep sea copper, gold and silver project off the coast of Papua New Guinea, causing large losses for several banks, including ABN Amro and ING Group.
The findings are based on an examination of nearly 500 publicly available insurance company responses to the National Association of Insurance Commissioners’ (NAIC) 2021 Climate Risk Disclosure Survey, which implemented Task Force on Climate-related Financial Disclosures (TCFD) recommendations for the first time. ET Thursday, July 27.
Financial institutions still don’t have expertise to handle net zero transition, according UNEP FI-backed report. The 12-month programme launch follows increasing demand from asset owners and managers for resources and qualifications that will help them develop the relevant skills for managing the net zero transition.
In a personal response , Fixler – who said the main drivers of greenwashing included weak corporate governance and culture, and lack of incentives tied to sustainability – expressed disappointment that no one from the ESAs had reached out or engaged with her on the DWS incident or on greenwashing in general.
Investors must engage with investee firms on improving their research and development efforts to create new solutions to plastic waste pollution, according to a five-year progress report from the Ellen MacArthur Foundation (EMF). The report, however, also said that business signatories are likely to miss key 2025 goals.
Because of their multiple benefits, investments in NbS would represent “good value for money” at a time of global macroeconomic uncertainty, said Ivo Mulder, Head of the Climate Finance Unit at the UN Environment Programme (UNEP). . Where finance flows, action follows,” she said, adding: “Where finance flows lag, commitments wither.” .
WORK PERIOD: July 1, 2023 – December 31, 2023 (possibility to renew) TITLE THIS POSITION REPORTS TO: Emma Torres, VP Americas, SDSN BACKGROUND The UN Sustainable Development Solutions Network (SDSN) has been operating since 2012 under the auspices of the UN Secretary-General. with InterAmerican Development, CAF, FEBRABAN).
In 2021, global EV sales more than doubled to 6.6 China made up a huge portion of these sales, almost tripling sales volumes in 2021 to reach 3.4 In 2021, Chinese battery manufacturer CATL announced its first-generation sodium-ion battery and has since said these batteries may be viable for EVs with ranges of up to 500 kilometres.
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 New framework outlines targets for institutional investors to take decisive action on nature risks and impacts. trillion in AUM.
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