Nearly 500 organisations, including associations gathering over 10,000 member companies and investors, have committed to advancing the adoption or use of the International Sustainability Standards Board’s (ISSB) climate-related reporting at a global level. The 140 companies from 64 jurisdictions, and representing $120trn in assets, have signed the statement of support for ISSB on Finance Day … Read more
Activity at COP28 in Dubai has not let up over the weekend with the launch of a just transition declaration and net-zero taskforce among the developments. Click here for ESG Clarity‘s COP28 coverage. Here are the weekend’s top points to catch up on: COP28 president says fossil fuel phaseout ‘will not achieve 1.5C’ There is … Read more
COP28 officially inaugurated the Global Climate Finance Centre (GCFC) today (4 December), with the aim of addressing key barriers linked to financial frameworks that hinder investment flows to help make climate finance, “available, affordable and accessible”. Based in Abu Dhabi, the centre’s nine founding members – ADGM, ADQ, BlackRock, CIFF, GFANZ, HSBC, Masdar, Ninety One … Read more
Developing and emerging economies outside of China need investment of $2.4trn a year by 2030 for the world to meet the goals of the Paris Agreement, and private sector finance should provide the majority, delegates at COP28 have been told. The figure was revealed by Lord Nicholas Stern, co-chair of the Independent High-Level Expert Group … Read more
Having different stakeholders in the room discussing common climate solutions, particularly around food system transformation, has stood out as a positive step in the first few days of COP28, according to Thomas Hohne-Sparborth, head of sustainability research at Lombard Odier Investment Management. Talking to ESG Clarity from Dubai in this video interview, he discusses the … Read more
A new partnership was launched on Gender Equality Day at COP28 with the aim of protecting women’s livelihoods and supporting their economic empowerment. The COP28 Gender-Responsive Just Transitions & Climate Action Partnership includes a package of measures centred around three core pillars: Improve quality of data to support decision making in transition planning More effective … Read more
Longstanding employees in the financial services sector say diversity, equity and inclusion (DEI) has deteriorated in the past 12 months, according to a survey. The average DEI score for financial services firms has declined from 67 to 65, out of a possible 100, over this year. This is based on the views and experiences of … Read more
A number of countries have made pledges to the “critically important” loss and damage fund at COP28 to ensure it is operationalised within a year of it being announced at last year’s Conference of Parties. Host country United Arab Emirates (UAE) was the first nation to commit $100m to the fund, as COP28 president Dr … Read more
Global investment manager Ninety One has developed an Emerging Market Transition Debt (EMTD) strategy to catalyse investment into the EM energy transition. The strategy – developed in collaboration with several global capital providers and advisors including Cambridge Associates and Wiltshire Pension Fund – aims to provide companies within emerging markets with commercial financing to support … Read more
Allianz Global Investors, in collaboration with FMO Investment Management and the MacArthur Foundation, has introduced their SDG Loan fund to the market with over $1bn in private capital already committed via an innovative ‘blended finance’ model. Investors in the fund – including Allianz, FMO and Skandia – will be able to co-invest in a portfolio … Read more