Corporate Knights

JANUARY 18, 2022

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). Second, wind down production of existing fossil fuel stockpiles at the needed 5% annually, as per UNEP.

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Divestment UNEP Banking Net Zero 286

3BL Media

DECEMBER 20, 2023

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. C using the Net Zero 2050 scenario from the Network for Greening the Financial System.

UNEP 147

UNEP Climate Change Banking Development 147

Chris Hall

FEBRUARY 8, 2022

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.

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Net Zero UNEP Banking Climate Change 52

Sustainable Development Network

DECEMBER 21, 2021

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. The 2021 Networks in Action report, launched in November, features all the major accomplishments of these national, regional and thematic networks.

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COP26 Decarbonize Development Climate Action Tracker 52

Chris Hall

NOVEMBER 22, 2023

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.

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UNEP Climate Change Net Zero Development 92

Chris Hall

DECEMBER 1, 2022

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.” .

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UNEP Net Zero Climate Change Banking 52

Sustainable Development Network

OCTOBER 28, 2022

SDSN is proud to have contributed to Chapter 6 "Transforming food systems" of UNEP's 2022 Emissions Gap Report thanks to our FABLE Consortium scientific director Aline Mosnier. In the best-case scenario, full implementation of unconditional NDCs and additional net-zero emissions commitments point to only a 1.8°C C in place.

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UNEP Net Zero Paris Agreement COP26 52

Chris Hall

MARCH 16, 2022

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.

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UNEP Banking Paris Agreement Stranded Assets 98

Chris Hall

DECEMBER 13, 2023

Climate adaptation finance is also important for risk management of net zero 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?

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UNEP Climate Change Net Zero Development 64

Chris Hall

MAY 11, 2022

In 2005, a group of investment managers organised under the UN Environment Programme Finance Initiative (UNEP FI) commissioned law firm Freshfields Bruckhaus Deringer to publish a report , ‘A Legal Framework for the Integration of ESG Issues into Institutional Investment’. How does fiduciary duty relate to sustainable investment?

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UNEP Net Zero Sustainable Investment Stranded Assets 52

Chris Hall

JANUARY 31, 2023

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.

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Greenwashing Net Zero CDP Sustainable Investment 96

Chris Hall

MARCH 9, 2022

Extreme climate-related events can reduce a property’s value by between 5-20%, according to the UN Environment Programme Finance Initiative (UNEP FI). Last year, UNEP FI published guidance outlining the kinds of resilient buildings needed to cope with new climate extremes.

UNEP 52

UNEP Climate Change Net Zero Development 52

Chris Hall

APRIL 22, 2022

New Climate Bonds Initiative report highlights growth in GSS bond issuance in 2021. . Latin America accounted for 15% of sovereign GSS issuance in 2021, compared with 8% from Asia-Pacific and 1% from Africa. . In 2021, the 11 issuers that priced sovereign sustainability bonds were EMs, Climate Bonds said. . Looking ahead .

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Green Bonds UNEP Climate Change Development 52

Chris Hall

MARCH 18, 2022

This expert group includes representatives from the UNEP World Conservation Monitoring Centre, standard setters EITI and SASB, and investment institutions FTSE Russell and S&P Global. ISS ESG Issuer Level Net Zero Alignment Data can be used to identify positive and negative performing companies against individual climate related metrics.

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Net Zero CDP Supply Chains Supply Chain 40

Chris Hall

DECEMBER 1, 2023

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.

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UNEP Sustainable Investment Net Zero Development 64

Chris Hall

APRIL 5, 2022

C of global warming, 50% of all existing buildings need to be net zero by 2040, increasing to 85% by 2050, according to the International Energy Agency. Analysing 340 residential and commercial real estate assets globally, CRREM found only a few were aligned to net zero. .

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Net Zero UNEP Divestment Banking 52

Chris Hall

MARCH 22, 2023

In 2021, global EV sales more than doubled to 6.6 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 It is working to address these systemic environmental and social risks and ensure a just transition to net zero.

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Supply Chain Supply Chains Net Zero Manufacturing 98

Chris Hall

NOVEMBER 2, 2022

Despite the precariousness of the pathway to net zero, COP26 generated a renewed sense of urgency and optimism as to how to support emerging markets and deal with heavy greenhouse gas emitters. Subsidies for the production and consumption of coal, oil and natural gas was already increasing in 2021 before the invasion of Ukraine.

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COP26 Net Zero Global Economy Paris Agreement 52

3BL Media

JULY 25, 2023

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.

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Climate Change UNEP Banking Net Zero 130

Sustainability Matters

NOVEMBER 22, 2023

As the world experiences record global temperatures and greenhouse gas emissions, the latest Emissions Gap Report from the UN Environment Programme ( UNEP ) found that current pledges under the Paris Agreement put the world on track for a 2.5–2.9°C from 2021 to 2022, reaching a record 57.4 C above pre-industrial levels. For the 1.5°C

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Paris Agreement Net Zero UNEP Development 40

Chris Hall

FEBRUARY 4, 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.

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Climate Change UNEP COP26 Development 98

Chris Hall

MARCH 31, 2023

Current climate pledges by governments are falling short, with the latest analysis by the UN Environment Programme (UNEP) putting the world on track for a temperature rise of between 2.4°C To address the emissions gap and keep the 1.5°C There are ongoing discussions and decisions to clarify under Article 6.4

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Paris Agreement Net Zero Carbon Offsets Development 52

Envirotec Magazine

OCTOBER 19, 2021

The economic consequences of the COVID-19 pandemic caused CO2 emissions from buildings and construction to fall significantly in 2020, but a lack of real transformation in the sector means that emissions will keep rising and contribute to dangerous climate change, according to the 2021 Global Status Report for Buildings and Construction.

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Paris Agreement Decarbonize Embodied Carbon Green Bonds 52

Chris Hall

JANUARY 27, 2023

billion respectively in 2021, according to data from PitchBook, a provider of data and research on private and public capital markets. In September 2021, Oatly was trading at 20x trailing twelve months (TTM) revenue. Global deal values in agtech and foodtech reached US$11.7 billion and US$41.4

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UNEP Supply Chains Supply Chain Net Zero 52

Chris Hall

JANUARY 20, 2023

Despite this trend, commentators like Dan Carlin, UNEP FI’s Task Force on Climate-Related Financial Disclosures (TCFD) Program Lead, have made the case for further engagement with the fossil fuel industry. In fact, the total value of the institutions divesting is estimated to be US$40.5

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Divestment Paris Agreement UNEP Supply Chains 52

Chris Hall

MARCH 15, 2023

In 2021, Fidelity International conducted 198 engagements (14% of total engagements for the year) related to nature, including biodiversity, waste management and water usage.

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Net Zero Development Analytics Sustainable Investment 52

Chris Hall

MARCH 18, 2022

Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. There have been trillions of dollars committed to climate change as part of the Global Financial Alliance to Net Zero ; now we want to recreate that commitment and momentum for biodiversity.”.

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UNEP Climate Change Paris Agreement Banking 98

Chris Hall

OCTOBER 10, 2022

Financial institutions need to segment their portfolios into transition, net zero-aligned and stranded assets and develop clear emissions reduction plans in line with recognised 2030 and 2050 targets, said Mark Carney, Founder and Co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ). Heading for the exit?

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Net Zero Stranded Assets Banking UNEP 52

Chris Hall

AUGUST 16, 2023

C is rapidly falling out of reach , despite the fact most net zero commitments set by governments, investors and companies target a 1.5°C Science journal Nature surveyed scientists in 2021, with 60% of the 92 respondents predicting global warming will reach 3°C by the end of the century. C temperature pathway. C at best.

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Net Zero Paris Agreement Climate Change UNEP 52

3BL Media

JULY 25, 2023

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 In addition to being a potent GHG, methane is the primary contributor to ground-level ozone. Why is reducing methane emissions so important to climate change mitigation?

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Climate Change EPA UNEP Development 130

ESG Today

MAY 30, 2023

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 post Insurers Exit Net Zero Insurance Alliance as U.S.

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Net Zero UNEP Banking Development 127

ESG Today

JUNE 7, 2023

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.

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Net Zero UNEP Banking Development 102

Chris Hall

JUNE 1, 2022

Just prior to COP26, the UN Environment Programme (UNEP) launched the International Methane Emissions Observatory (IMEO) to improve the accuracy and public transparency of human-caused methane emissions. The signatories recognised that rapid action on methane is an essential complement to cuts in CO2 and other greenhouse gases (GHGs).

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Paris Agreement COP26 Waste Climate Change 52

Chris Hall

MARCH 29, 2022

Leading US banks and insurers will face votes at their upcoming AGMs asking for policies aligned with the International Energy Agency’s (IEA) net zero 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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Net Zero UNEP Banking Stranded Assets 52

Chris Hall

SEPTEMBER 14, 2022

By the end of 2021, the value of voluntary carbon markets (VCMs) reached nearly US$2 billion, with around 500 million carbon credits traded throughout the year. million metric tonnes of CO2 within their roots, trunks and soil every year, according to the United Nations Environment Programme (UNEP).

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Paris Agreement Climate Change Carbon Offsets UNEP 52

Chris Hall

DECEMBER 15, 2023

And there have been successes, perhaps most notably in the European Union’s decision in late 2021 to classify gas as a ‘green’ energy source for investment purposes. In January this year, the UN Environment Programme (UNEP) cast doubt on some of the more extravagant claims made for the ‘green-ness’ of natural gas.

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UNEP Paris Agreement Greenwashing Waste 81