Regulators’ climate remits are “easy-to-ignore” and are putting them at odds with the UK’s net-zero goals, according to industry experts speaking at a Sustainable Finance All Party Parliamentary Group (APPG) briefing. At the event on Monday, which looked at the impact of the Financial Services and Markets (FSM) bill on UK sustainable finance, Nitika Agarwal, … Read more
Sustainable finance professionals across all world regions were watching Finance Day at COP27 closely to see if environmental and social investing would get the boost so desperately needed from global leaders. There were certainly some developments and signals intended to aid implementation of climate finance solutions – for example, the United Nations’ guide for non-state … Read more
The COVID-19 pandemic highlighted the fragility of global trade and supply chains. Supply chains must become more resilient, but they also need to be adapted to help with issues such as climate change, unfair labor practices and gender inequality. That change must start with making trade and supply chains digital so that they can be … Read more
The UK’s Financial Conduct Authority (FCA) has been especially productive of late, with the significant legislation that is Consumer Duty launched in July and the Sustainable Disclosure Requirements and investment labels consultation approximately two months later. Fortunately, these complement each other greatly, particularly around the subject of consumer understanding and clarity of communications. I applaud … Read more
Investment in capital-intensive clean power and electricity networks, as well as spending on energy efficiency and electrification via greener buildings, appliances and EVs, would need to more than triple in EMDEs in the 2020s to be consistent with a well-below-2 °C temperature outcome (from about USD 45 per person in EMDEs today to around USD 130) and increase … Read more
CCLA Investment Management and the Church Investors Group (CIG) have found large companies are not doing enough to protect employees during the cost-of-living crisis. In September, the investors wrote to 100 of the largest UK companies to ask what steps they were taking for the lowest-paid employees which are most impacted by rising costs of energy, … Read more
Airports, highways, and hospitals. Subways and railway systems. Water utilities, power and telecommunications grids. The delivery, operation, and management of infrastructure is the lifeblood of any economy. It is critical to keeping goods, services and energy flowing, to boosting productivity, and to safeguarding equitable economic development and jobs. But the challenges currently facing these multi-billion-dollar … Read more
Hong Kong has recorded more than 40 trades on its international carbon marketplace since its launch on 28 October, Hong Kong Exchanges and Clearing (HKEX) said at an event celebrating the launch of the exchange. “The launch of Core Climate is a significant milestone in our journey to develop Hong Kong into Asia’s premier carbon … Read more
ADB is prioritizing climate and disaster resilience and low-carbon development in response to the growing threats facing Asia and the Pacific. In the face of rapidly growing greenhouse gas (GHG) emissions, increasing impact from climate change and disasters, and ongoing environmental damage, ADB has placed combating climate change and its consequences at the top of … Read more
With the link between climate and nature starting to be considered by investors, industry experts were encouraged to see discussions about nature risk crop up with more frequency at COP27 this year. “Nature-based issues and nature-based risk just keep featuring in the discussions,” the Taskforce for Nature-related Financial Disclosure’s executive director Tony Goldner told ESG … Read more