COP28 “feels like the end of the beginning” of the global transition to net-zero by 2050, with technical and financial pathways coming into focus, but action is needed now to ensure 2030 targets are hit, according to panellists wrapping up the first day of the World Climate Summit’s Investment COP. At a session titled Six … Read more
Plans to develop city-focused science-based targets that include nature and biodiversity have been unveiled by the Science-Based Targets Network (SBTN) at an event at COP28, with the creation of a holistic framework covering the impact of cities top of the agenda. The Cities’ Science-Based Targets for Nature program is designed to help municipalities manage land … Read more
Reimagining the way the finance world works to consider climate is going to feel “uncomfortable” and not without pain or challenge, said the CEO of the PRI talking to ESG Clarity from COP28, but it is increasingly happening. David Atkin said the finance world and the investment piece are the “enablers of change”, and he … Read more
While companies have been decarbonising faster than the countries they are domiciled in, we are seeing a slow down in pace, said MSCI’s Linda-Eling Lee. The head of MSCI’s sustainability institute, speaking to ESG Clarity from COP28 in Dubai, added, however, the commitments seen at the conference – such as the launch of the Taskforce … Read more
Trustees at the IFRS Foundation have announced that Emmanuel Faber will serve a second three-year term as chair of the International Sustainability Standards Board (ISSB) when his current term ends in December 2024. Faber’s second term will start on 1 January 2025 and end on 31 December 2027, and has received the full support of … Read more
COP28 is split into two camps; those that are concerned about where it’s being held, the COP presidency and the role of the oil and gas industry, and those that think we need to get these very people involved, according to Wendy Dobson, expert in responsible business, sustainability, and climate change, and senior managing director … Read more
The latest Progress Report from Glasgow Financial Alliance for Net Zero (GFANZ), launched during COP28, has highlighted continued progress with members on track to publish transition plans this year, while they are also prioritising closing investment and data gaps for the year ahead. According to the report, GFANZ saw strong adoption of the Net-Zero Transition … Read more
Leaders at the COP28 conference in Dubai have acknowledged the “significant” gap in funding for country-wide adaptations to climate change, which a new report launched at the conference puts at up to $366bn annually. The recognition comes amid the first-ever global stocktake, set to conclude at COP28, a process for countries and stakeholders to see … Read more
There is a lack of focus on Scope 3 emissions at COP28 and the general ambition is nowhere near where we need it to be, according to EQ Investors’ Louisiana Salge. However, the head of sustainability said she is excited to see the “mass allocation” of investment to renewable energy and the tailwinds this will … Read more
