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NZBA Sets More Ambitious Climate Targets

Chris Hall

Alliance extends net zero targets to capital markets activities, as frameworks provide more tailored approach for banks’ transition strategies. Founded in April 2021 by UNEP FI, the NZBA has 143 members overseeing US$74 trillion in capital. As both thresholds were “comfortably cleared”.

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Mining Sector Needs “Social Compass”

Chris Hall

Although minerals are critical to a net zero future, ongoing environmental and social abuses cannot be ignored, urges Brumadinho community representative. It will further attempt to identify where existing ESG data can be consolidated, so investors and corporates can align.

UNEP 98
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AllianceBernstein: Reflections on COP28: Opportunities Amid Challenges

3BL Media

After years of negotiation, the fund, which will launch in 2024, received pledges of more than US$700 million from countries at the event. This is well below the US$387 billion a year that developing countries need, according to the United Nations Environment Programme (UNEP)’s Adaptation Gap Report.

UNEP 147
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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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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). The resolution will help to forge an international legally binding agreement by the end of 2024. What is a sustainable blue economy?

UNEP 98
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Consistency Key to Achieving GBF Goals – FfB

Chris Hall

” Subsequent versions of the framework are set for publication in 2024, featuring specific KPIs for ten priority sectors and expanding coverage to include more asset classes and positive impact targets.

UNEP 64
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This Week’s Tech and Tools News: GRI Publishes New Coal Standard

Chris Hall

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. GRI 12 will come into effect for reporting from January 2024. . ESG and corporate governance research, ratings and analytics firm Sustainalytics ?