Chris Hall

MARCH 15, 2024

Alliance extends net zero targets to capital markets activities, as frameworks provide more tailored approach for banks’ transition strategies. The second of the four guidelines requires banks to establish an emissions baseline and annually measure and report the emissions profile of loans and investments. billion from Barclays.

Net Zero 57

Net Zero Paris Agreement Banking UNEP 57

Corporate Knights

JANUARY 18, 2022

Meanwhile, Bloomberg Intelligence reported that “oil companies are finding it increasingly difficult to raise financing amid rising environmental, social and governance (ESG) concerns, while banks are under pressure from their own investors to reduce or eliminate fossil-fuel financing.”.

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Divestment UNEP Banking Net Zero 286

3BL Media

DECEMBER 20, 2023

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. One of the ways to increase funding, according to UNEP, is for the Loss and Damage Fund to move toward more innovative financing mechanisms. MDBs provided about US$5.5

UNEP 147

UNEP Climate Change Banking Development 147

3BL Media

JULY 31, 2023

The United Nations Environment Program (UNEP) is working to develop an international legally binding agreement to address plastic pollution and the INC process is the vehicle used to negotiate and deliver such an agreement. As the name implies, the pending zero draft is only a starting point for detailed negotiations and even compromises.

UNEP 130

UNEP Waste Banking Manufacturing 130

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.

UNEP 98

UNEP Banking Paris Agreement Stranded Assets 98

Chris Hall

MARCH 16, 2023

Physical and transition risks being incorporated into a more holistic approach by financial institutions, says UNEP FI report, as regulators increase scrutiny. Climate risk management tools are reflecting an increasingly integrated approach by financial institutions (FIs), according to a new report United Nations Environment Programme Finance Initiative (..)

UNEP 52

UNEP Analytics Development Supply Chains 52

Chris Hall

JANUARY 26, 2023

The investor-led initiative will be advised by UNEP and is backed by the Archbishop of Canterbury, Archbishop of Cape Town and the UN-convened Principles for Responsible Investment (PRI).

UNEP 98

UNEP Net Zero Banking Clean Technology 98

Chris Hall

JULY 1, 2022

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.

Net Zero 98

Net Zero UNEP Greenwashing Banking 98

Chris Hall

MARCH 22, 2024

The UN Environment Programme’s (UNEP) 2023 ‘ State of Finance for Nature ’ report suggested that investments in nature-based solutions (NbS) to date have been underwhelming. Worse even: almost US$7 trillion are invested globally each year in activities that have a negative impact on nature – the equivalent to 7% of the global GDP.

Supply Chains 78

Supply Chains Supply Chain UNEP Paris Agreement 78

Chris Hall

DECEMBER 13, 2023

The topic was a focus of high-level talks during COP28’s Finance Day with former Brazil premier Dilma Roussef, President of New Development Bank, talking about the importance of deepening local currency capital markets to lower the cost of capital for organisations on the ground.

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UNEP Climate Change Net Zero Development 62

Chris Hall

JANUARY 20, 2023

ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including WWF, UNEP, S&P Global Sustainable1, ISS ESG, and CHOOOSE. The World Wildlife Fund (WWF) has launched a Biodiversity Risk Filter, which looks to aid companies in tackling nature-related risks. Karen Ellis, WWF’s Chief Economist.

UNEP 52

UNEP Analytics Logistics Sustainable Investment 52

Sustainable Development Network

SEPTEMBER 12, 2023

The RCWs provide a platform for policymakers, practitioners, businesses and civil society to exchange on climate solutions, barriers to overcome, and opportunities realized in different regions.

Climate Change 98

Climate Change UNEP Academics Development 98

Chris Hall

SEPTEMBER 29, 2022

The UN-convened Net Zero Asset Owner Alliance (NZAOA) has previously called on multilateral development banks, development finance institutions and private investors to collaborate more to increase the flow of capital to climate adaptation and mitigation projects in EMDEs. Steady momentum .

UNEP 98

UNEP Impact Investing Net Zero Supply Chains 98

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.” .

UNEP 52

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. Mobilize central banks: central banks are increasingly interested in addressing the climate crisis, but more concrete action on regulations is needed.

UNEP 52

UNEP Net Zero Paris Agreement Banking 52

Sustainable Development Network

MAY 18, 2023

PROJECT ASSISTANT ROLES AND RESPONSIBILITIES The Consultant will Development and implementation a strategy for dialogues with development banks and financial institutions. with UNEP Financial Initiative) and engage in dialogues with financial institutions at high-level summits and events. Analyze data.

Banking 52

Banking UNEP Supply Chains Supply Chain 52

Chris Hall

JULY 8, 2022

Not following suit – The European Central Bank (ECB) said banks do not yet sufficiently incorporate climate risk into their stress-testing frameworks and internal models. Further, almost two-thirds of banks’ income from non-financial corporate customers stems from GHG-intensive industries.

Net Zero 52

Net Zero Banking Climate Change COP26 52

Chris Hall

NOVEMBER 10, 2023

There are several financing questions to answer too – areas where developing nations in particular are keen for ‘stories about money’ to transform into cash in the bank. Furthermore, they predicted that financing needs were “likely far higher if adaptation and demand-side costs are included”. The UN Environment Programme seems to agree.

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UNEP Climate Change Development COP26 62

Chris Hall

FEBRUARY 8, 2022

Financial institutions still don’t have expertise to handle net zero transition, according UNEP FI-backed report. The qualification was subject to a pilot phase involving candidates across 60 different firms, including asset managers, asset owners, consultants and banks.

Net Zero 52

Net Zero UNEP Banking Climate Change 52

GreenBiz

MARCH 22, 2021

Environment Program Finance Initiative (UNEP FI), have highlighted the importance of redefining fiduciary duty, in order to stimulate long-term sustainable growth and the economic health of companies. Indeed, sustainable finance veteran Paul Watchman (an advisor to UNEP FI) argues "the concept of fiduciary duty is organic, not static.

Value Creation 308

Value Creation UNEP Social Sustainability Banking 308

Chris Hall

OCTOBER 13, 2023

But as much as private sector wealth and influence have been a cause of the sickness, multilateral development banks are resolute that they are also the cure. Fast action Public sector banks around the world are pivoting to climate finance and the unifying message is a need for speed.

Climate Change 57

Climate Change UNEP Banking Development 57

Impakter

JULY 2, 2022

On June 30, 2022, the World Bank’s Board of Executive Directors approved the establishment of a Pandemic Prevention, Preparedness and Response Financial Intermediary Fund (FIF) to focus on critical investments in low and middle-income countries, regions, and beyond, in order to strengthen pandemic prevention, preparedness and response (PPR).

Banking 98

Banking UNEP 98

Chris Hall

NOVEMBER 9, 2023

Earlier this month, the UN Environment Programme (UNEP) published its 2023 ‘ Adaptation Gap Report ’, which highlighted that EMDEs’ forecast climate adaptation finance needs are now ten to 18 times larger than existing international public flows.

Net Zero 57

Net Zero Climate Change COP26 Banking 57

3BL Media

JULY 25, 2023

It spurs action on climate change as a systemic financial risk—driving the large-scale behavior and systems change needed to achieve a net zero emissions economy through key financial actors including investors, banks, and insurers. ET Thursday, July 27. For more information, visit ceres.org and ceres.org/accelerator and follow @CeresNews.

Climate Change 130

Climate Change UNEP Banking Net Zero 130

Chris Hall

DECEMBER 1, 2023

In collaboration with Science Based Targets Network (SBTN) and UN Environment Programme Finance Initiative (UNEP FI), the FfB Foundation underscored the importance of ongoing cooperation between various organisations, encouraging banks to refer to UNEP FI’s analogous guidance for establishing nature targets. “The framework constitutes a meaningful (..)

UNEP 62

UNEP Sustainable Investment Net Zero Development 62

Sustainable Development Network

OCTOBER 30, 2023

Key takeaways from the event include: Tackling Barriers for Electric Vehicles (EVs): Cesar Vargas of Development Bank of Latin America (CAF) highlighted two major barriers to scaling up electric vehicles in the LAC region: high initial costs and the need to create a supportive ecosystem.

Decarbonize 59

Decarbonize Net Zero Corporate Social Responsibility UNEP 59

Chris Hall

DECEMBER 1, 2023

As World Bank President Ajay Banga recently put it : we need “a greater appetite for risk, meaningful private sector financing, and […] a sense of urgency” to meet the challenges facing the world. Addressing system-level risks and considering climate goals is not only permitted but may be required by existing investor duties and obligations.

Net Zero 62

Net Zero Paris Agreement UNEP Climate Change 62

Chris Hall

OCTOBER 28, 2022

The organisations concerned are Dutch bank Rabobank, Mexican development institution FIRA, multilateral funder the Global Environment Facility (GEF), Mauritian private equity group Phatisa, Norwegian chemical company Yara, US asset manager Nuveen Natural Capital and Dutch group Signature Agri Investments. Equivalent to 40 power stations”.

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Regenerative Banking UNEP Net Zero 52

Chris Hall

OCTOBER 28, 2022

As well as echoing UN Climate Change’s assessment that nationally determined contributions needed significant strengthening, the UNEP report said the financial system “must overcome internal and external constraints” to become a critical enabler, putting the annual investment needed for a global transition to a low-carbon economy at US$4-6 trillion.

Net Zero 52

Net Zero UNEP Climate Change COP26 52

Chris Hall

OCTOBER 14, 2022

Banks and other financial intuitions (FIs) have the potential to help transition land-use to become ‘nature positive’ in addition to ‘net zero’, by redirecting investment to sustainable land-use projects. UNEP is working with national institutions and FIs to strengthen domestic regulatory frameworks in order to address this challenge.

UNEP 52

UNEP Paris Agreement Green Bonds Development 52

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?

UNEP 52

UNEP Net Zero Sustainable Investment Stranded Assets 52

Chris Hall

JULY 7, 2023

That’s also a legal risk from their perspective.” The European Banking Federation (EBF) raised similar concerns to EFAMA and Eurosif, and added in its consultation response that it had to be recognised that a large part of investable companies were not subject to ESRS.

UNEP 52

UNEP Sustainable Investment Climate Change Banking 52

Chris Hall

APRIL 19, 2023

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.

UNEP 98

UNEP Banking Supply Chains Supply Chain 98

Chris Hall

OCTOBER 28, 2022

The UN Environment Programme (UNEP) says: “This vulnerability is driven by the prevailing low levels of socioeconomic growth in the continent. UNEP wants to see more investment diverted towards supporting African countries in meeting their nationally determined contributions (NDCs). This is the case in Africa.”.

Paris Agreement 52

Paris Agreement Climate Change COP26 UNEP 52

Chris Hall

SEPTEMBER 19, 2023

The Taskforce for Nature-related Financial Disclosures (TNFD) has published its final recommendations for nature-related risk management and disclosure, serving as a tool to “operationalise” the achievement of Target 15 of the Kunming-Montreal Global Biodiversity Framework (GBF). According to Tony Goldner, Executive Director of TNFD, the recommendations (..)

CDP 62

CDP Banking Corporate Social Responsibility UNEP 62

We Mean Business Coalition

FEBRUARY 2, 2024

Nature does everything.” – the words of UNEP Executive Director Inger Anderson at Davos 2024 during a session exploring if the financial risks of climate change are under-priced. This group, representing over US$4 trillion in market capitalisation, includes some of the world’s largest asset owners and managers, banks and insurers.

UNEP 52

UNEP Climate Change Supply Chains Supply Chain 52

Chris Hall

MARCH 18, 2022

As highlighted by Jessica Smith, Nature Lead at UNEP FI, in this week’s ESG Interview , the TNFD’s approach consciously builds on and aligns with existing initiatives such as TCFD and Science Based Targets for Nature , to simplify and accelerate the allocation of capital to investments and activities that protect and support biodiversity. .

UNEP 52

UNEP Net Zero Banking Development 52