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MAPFRE Exits Net Zero Insurance Alliance

ESG Today

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.

Net Zero 103
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Time for a fair phase out of fossil fuels

Corporate Knights

C above pre-industrial levels, according to the United Nations Environment Programme (UNEP). In May 2021, the formerly fossil-fuel-friendly International Energy Agency issued a report stating there was no longer any “need for investment in new fossil fuel supply in our net zero pathway.

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Take-off for the Net Zero Transition  

Chris Hall

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to net zero, even by those who acknowledged its multiple caveats.

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The Blue Wonder

3BL Media

United Nations: The ocean – the world’s greatest ally against climate change American Geophysical Union “Farming the Sea: The Only Way to Meet Humanity's Future Food Needs,” 21st August 2019 [link] United Nations Trade and Development “Fast-growing trillion-dollar ocean economy goes beyond fishing and shipping”, March 5, 2025. - [link] United Nations (..)

Shipping 130
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Capital Flows not Supporting Nature Commitments

Chris Hall

“Investors and companies are increasingly setting climate and nature targets, but once those are in place, they need to be thinking more about how to redirect capital [in line with these goals],” Ivo Mulder , Head of the Climate Finance Unit at the UN Environment Programme (UNEP), told ESG Investor. trillion in 2022.

UNEP 122
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UNFCCC Tightens the Screw on Net Zero

Chris Hall

The proposed solution for net zero targets and progress aims to improve transparency and accountability, but will need to consider existing guidance. But there is still room for hope that net zero commitments – and subsequent progress on decarbonisation – can be transparent, aligned and ambitious.

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The ESG Interview: Dancing into the Mainstream

Chris Hall

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. For example, the Net Zero Asset Owners Alliance is not led by sustainability teams, it’s typically CIOs who are driving it.”.