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Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

Carney, the former governor of the Bank of England (and Canada) established GFANZ with billionaire Michael Bloomberg at the COP26 UN climate summit last November in Glasgow. says Baltej Sidhu, an analyst with National Bank of Canada, in an interview with The Globe and Mail.

Net Zero 360
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The Current State of Play on Financing Loss and Damage

Chris Hall

A further effect of this lack of a definition is that the current financial information available to the public does not provide clear tagging in government or institutional budgets to clearly indicate funds earmarked for loss and damage from climate related events. Lastly, philanthropies and bilateral commitments also play an important role.

COP26 52
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6 Quotes from “Don't Look Up” That Are Instructive for EHS & Sustainability Pros

3BL Media

DESCRIPTION: The planet-killing comet movie Don’t Look Up slammed onto Netflix at the close of 2021, acting – in a way – as a satirical epilogue to the United Nations COP26 Climate Conference. SOURCE: Antea Group. The movie delivered a very pointed message: with matters of urgency, now is always the best time to take action.

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This Week’s Tech and Tools News: London Stock Exchange Consults on VCM

Chris Hall

The London Stock Exchange has published a public consultation on the market rules for its planned voluntary carbon market, first announced at COP26 last November, which will provide access to publicly traded carbon funds focused on investing in climate mitigation projects.

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This Week’s Tech and Tools News: FTSE Russell Presents Net Zero Index Series in Japan

Chris Hall

COP26 in Glasgow highlighted the critical need for financial markets to be part of the solution to the climate emergency, and this partnership reinforces our commitment to enable this transition,” said Arne Staal, FTSE Russell CEO.

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ISSB’s First Sustainability Reporting Standards Target Granularity

Chris Hall

Launched in November 2021 at COP26, the ISSB aims to provide a baseline for corporate sustainability disclosures that are compatible with jurisdiction-specific requirements, giving investors access to consistent and comparable decision-useful information globally.

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Can Sustainability Standards Minimise Friction and Divergence?

Chris Hall

Launched last year at COP26, the ISSB aims to provide a reporting baseline for use in jurisdictions globally. What are the main objectives of each standard? . The ESRSs are designed to specify the information corporates will need to be disclosed under CSRD, providing an essential input to fuel Europe’s sustainable investment framework. . “