Monika Schlesinger

🚀 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐂𝐚𝐫𝐛𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭𝐬: 𝐄𝐮𝐫𝐨𝐩𝐞'𝐬 𝐏𝐚𝐭𝐡 𝐭𝐨 𝐚 𝐓𝐫𝐢𝐥𝐥𝐢𝐨𝐧-𝐄𝐮𝐫𝐨 #𝐂𝐃𝐑 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 The latest Boston Consulting Group (BCG) & Deutscher Verband für negative Emissionen e.V. (DVNE) report shows it's time to get serious about #CarbonRemovals. CDR buyers can significantly contribute to achieving climate goals and fostering industry growth – swipe to see how. 👉 Read the full report to discover how different players can make a difference: https://lnkd.in/eqcgbaHs #NetZero #Sustainability #ClimateAction #BECCS #BiCRS

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01.07.2024 - Investoren Plattform News: Impact Visualized: The Price of Carbon Around the World in 2024 Carbon Prices, By Region In 2017, the Carbon Pricing Leadership Coalition suggested that carbon prices should range from $50–100/tCO2 by 2030 to meet the Paris Climate Agreement’s temperature goal. Fast forward to 2024, the global average carbon price is $32/tCO2—$18 short of the minimum that is needed in six years. Carbon pricing varies significantly across […] und mehr als 8.200 weitere Artikel finden Sie unter: https://lnkd.in/ewJuFEcH

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[#LetsTalkSustainability] The EU Deforestation Regulation (#EUDR) is a product-related regulation that aims to ensure #deforestation-free supply chains and contribute to reducing global deforestation. Carolin Friedrich, Partner, and Sophia Klatt-D’Souza, Sustainability Expert, analyse this new regulation and look into the due diligence requirements for companies to meet: https://lnkd.in/eMUTFaTH

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How to report on impact is much-debated. In this episode of the ‘Inside Impact Investing’ podcast Triodos Investment Management’s Rebecca Spohrer and Rosl Veltmeijer discuss the general challenges and pitfalls of impact performance reporting, and how Impact Frontiers has created a set of impact reporting norms. #ImpactInvestment #ImpactReporting #PensionsforPurpose https://ow.ly/w6FL50RBaAA

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The ABCs and ESGs of impact investment in Green Economy Journal Issue 63: https://bitly.ws/3hnXe. #impactinvestment #greenfinance #esg #momentum Mike Adsetts

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📣 WHAT ESG DATA ARE YOU BUYING AND WHY? 🔔 We see some confusion in the market about ESG data. It is important distinguish between Corporate ESG Data and ESG Research Data. The first is raw data and the second is a result of analytics. 🔔 ESG Risk Research Data is delivered by few providers (see examples in the illustration), while Corporate ESG Data is delivered by many. Unfortunately, the latter is often mistakenly branded as an alternative to ESG Research Data. 🔔 The use of these two data types are different but both are needed. 🔔 More about this here: https://lnkd.in/eXZpnr_q 🔔 Fortunately, upcoming EU regulation will make it easier for buyers to understand the characteristics and value in what they are buying. What do you think, do you agree or disagree? And where do you see the different providers in the market? EFFAS - The European Federation of Financial Analysts Societies

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[Shareholder engagement and sustainability 6/6] Can index providers foster greater climate responsibility? The article "The Impact of Climate Engagement: A Field Experiment" by Florian Heeb and Julian Kölbel explores the impact of index provider engagement on corporate climate policies when a credible request is combined with a credible threat of exit. Leveraging a sample of 1227 companies, the authors show that: 👉🏼 21.0% of treated companies committed to setting science-based #climate targets, compared to 15.7% in the control group, showing a significant impact of index provider engagement on climate policies. 👉🏼 The treatment effect is especially significant for larger firms with high absolute emissions and emission intensity. Engagement is effective for firms where corporate climate policies are most likely to have a meaningful effect on aggregate greenhouse gas emissions. 👉🏼 The experiment demonstrates a causal effect of #engagement, ruling out selection bias and other potential confounders by including various covariates. 👉🏼 The EU Benchmark Regulations, by setting requirements for #climate-focused indices, seem to positively affect science-based target commitments. These results suggest funds and indices providers with climate-related tilts and screens may be able to enhance their societal impact by proactively informing companies about their stock selection rules. The authors highlight the need for further research on the causal effect of different kinds of engagement campaigns that may not be fulfilled at a reasonable cost or with a credible threat of exit. ValueCo

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The initial guidance from EFRAG on CSRD reporting has left many sustainability professionals feeling lost in a maze of vague and confusing directives. The challenge is balancing the demands of a complex regulation with limited support while staying focused on driving real impact. To help you navigate this complexity, we've analysed the approaches of early adopters. We aim to equip you with the tools and insights to develop a rigorous and impactful reporting strategy. Join us as we explore the key findings from our comprehensive review and answer your burning questions about CSRD. Let's turn challenges into opportunities for positive change! https://lnkd.in/eFb87Esx #Sustainability #CSRD #ESG #Impact #Reporting #EFRAG #SustainableBusiness

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“Due to the comprehensive nature of the environmental, social and governance dimensions, conducting a materiality assessment poses a considerable challenge for companies,” said Deutsches Aktieninstitut. It noted that “as a rule, there are no organisational structures that allow all three dimensions to be covered by one department” within a company. #ESRS #DMA #CSRD #MaterialityAssessments

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🎉 Highlights from the 10th IWH-FIN-FIRE Workshop are now online! Keynote speakers included Erwan Morellec on corporate financial policies and Josef Zechner on finance and society. Dive into cutting-edge research on investor activism and the green transition showcased at the workshop. Explore how financial markets interact with political preferences: https://lnkd.in/eqE7iyjZ #FinancialStability #Research #Finance

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off to a great start: signing ceremony #WDC2026 World Design Capital Frankfurt RheinMain 2026 Design for Democracy. Atmospheres for a better life. "Things don’t change. We change them. Democracy lives from the fact that we shape it." What can design do? Design – many people think of fashion, furniture, pretty things. But the purely aesthetic design, the beautification, is only a small part of what design can do. Rather, design is characterised by the spirit of questioning conditions, thinking towards the future and changing matters. And we need all this today more than ever. Design can contribute positively to many social issues. For example, by designing recyclable products and resource-efficient solutions. But also by designing democratic processes that strengthen our togetherness. So ultimately, no less than the improvement of our lives. https://designfrm.de/en/ join us! World Design Organization Rat für Formgebung - German Design Council #design #impact #democracy

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Dean Granoff and I at Climate Technology Group have been proud to work with Elina Rolfe, Sean Gilbert, and The Global Impact Investing Network to develop a new paper: Climate Solutions Investing in Review: An Analysis of Key Issues and Recommendations for an Investment Framework http://bit.ly/4elmZyx Stabilizing the climate requires replacing the greenhouse gas-emitting material economy with a vast array of climate solutions technologies – capital and consumer goods with zero emissions, capital goods that remove emissions, and services that enable rapid, scaled deployment of these technologies or replace the need for real assets in the first place. This is an economic transformation that has only just begun. Climate solutions technologies require commensurately vast financial capital flows to develop, deploy, and scale them. Investment opportunities exist in every asset class and commercial risk-return profile – from venture capital through the debt capital markets – and at every stage of the investment chain. The paper articulates a set of conceptual building blocks for climate solutions investment, enabling investors, particularly asset owners, to: 1. distinguish between the technologies of the net zero economy and the investment activities that support them; 2. identify relevant attributes of an investment’s contribution to net zero across the type of technology, investee, and investment, and the market context; and 3. navigate the inherent uncertainty of an investment's final impact, especially at pre-investment, and the analytical tools investors can employ to manage that uncertainty. The paper covers a lot of ground. Of course, there is so much we investigated but did not have room to cover, like the challenges to portfolio-level integration of climate solutions investing for asset owners, or how to better align incentives up and down the investment chain. Still, we hope the analysis meaningfully advances the topic and welcome your engagement with it!

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ESG performance in 2024 - More than meets the eye? One popular discussion is whether #ESG investments generally outperform non-ESG investments. Depending on the time period under review, it certainly can – as investors know. But that is not the whole picture. As always with investment performance, the devil is in the detail. And it’s not just the time period chosen for comparison that matters. Sector weights in indices, for example, can play a big role – as can individual weightings for major companies. ❗ And don’t forget – everything in the MSCI World ESG Leaders index (for example) is also in the MSCI World. ➡️ The MSCI World ESG Leaders index has in fact outperformed the overall MSCI World so far this year . 👉 BUT the reason is the much higher concentration of #tech in the top 10 holdings of MSCI World ESG Leaders. The MSCI ESG Leaders Index has about twice as much of one leading tech stock but only roughly half that in the MSCI World. 👉 So the strong performance of tech overall this year has (perhaps counterintuitively) boosted the relative performance of the MSCI World ESG Leaders index vs. MSCI World. ❗ But there are many factors, sometimes not related to #sustainability at all, that can hurt ESG investment performance. The impact of geopolitical conflict on energy prices can, for example, boost the stocks of hydrocarbons producers, to the disadvantage of ESG portfolios that exclude them. ❗ Performance is very important for ESG portfolios, but I think this may ultimately be best achieved by looking at the long term and understanding bigger structural changes underway. What are your views about this? Deutsche Bank Deutsche Bank Private Bank #macroeconomics #financialmarkets (When investing your capital may be at risk)

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##Market forces are driving the #Green Industrial Revolution today „the force is with us“ I argue from minute 18 (in German) at the press conference linked below. To accelerate the Green Industrial Revolution sufficiently for our species to survive, we need to tax CO2 emissions at full cost to society instead of subsidizing fossil fuel consumption. By way of example, Kerosine - fuel for air traffic - remains tax free in #Germany . Also, any long term investor operates based on hard facts: To stay in the „Holocene“ the unusually stable period in the earth‘s history over the past 10,000 years, in which humanity blossomed - because temperatures did not change by more than +- 1 degrees because the concentration of CO2 in the atmosphere stayed around 330 ppm of CO2 (or in alcohol-test language 0.33 per mille or thousand particles of CO2) - we need to revert to this level. We are today, however, already at 440ppm or 0.44 per mille. „How many more beers would you have if you are already at this level of blood alcohol and you want to drive your kids home safely?“ asks engineer Wolfgang Metzler-Kick „Wolli“, fasting for 77 days already, in the press conference. He and other #Scientists may starve themselves to death unless #German #Chancelor #Scholz tells the truth about the climate crisis, admitting that Germany and the world have used up their carbon budget. In their press conference (in German) I argue from minute 18 onwards, that long term investors require governments to acknowledge scientific facts. Investors with over $40 000 billion in assets under management who committed to divest from fossil fuels and invest in climate solutions (see www.divestinvest.org ) are waiting for such clarity from governments to invest. We need to reduce CO2 emissions by reducing fossil fuel consumption, which will also lead to lower energy prices and less revenue for Russia and Iran, providing less funding to suppress their women and liberal minds and to attack their neighbors. This can be done by introducing a carbon tax (or minimal emissions trading price) and a carbon dividend at full cost to society, a market-based socially just policy called for by 27 Nobel Prize winners and 2000 economists of all political convictions on www.econstatement.org . At €200/t of CO2 of tax and 12 tons per person on average consumption per year, the carbon tax and dividend would be €2400 a year, or a pay out of €200 per person per month, or €800 per four person family per month. Given that 1% of the richest in the world consume as much CO2 as 50% of the poorest, this would cost the richest and support the poor and middle classes and is thus an obvious policy to implement. Full press conference: https://lnkd.in/e_bwsBVg

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🌏 ** 10. Green Finance Forum - Nature & Biodiversity: Integration Steps in the Financial System Using the Example of Deutsche Bank ** 🌏 Yesterday at 10. Green Finance Forum dfv Euro Finance Group GmbH my esteemed colleague Viktoriya Brand and I had the privilege to deep dive in the topic of Nature and Biodiversity and its importance for corporate strategy showcasing the example of Deutsche Bank. Nature is the basis of all economic activity. Unfortunately, nature's ability to provide the resources on which humanity depends for economic activity is not adequately taken into account in corporate decision-making processes. Against the backdrop of climate change and the continuing decline in biodiversity, this has an impact - on companies, their products, consumers and thus on our prosperity. The aim of the deep dive is to address this problem and offer a solution. We showed how Deutsche Bank is assessing this topic with its Nature Advisory Panel. The mission is to shape a more sustainable financial industry by integrating Nature into many of Deutsche Bank’s processes and considerations - ** The panel aims to build a platform for the dialogue of Deutsche Bank and independent external thought leaders on nature to exchange ideas and knowledge to - ** Provide an unbiased outside-in views and specialized expertise - ** Offer constructive feedback on DB’s methodologies/ approaches - ** Develop recommendations to enhance DB’s activities 🙏 for this great opportunity and great discussion. #Nature #biodiversity #Macroeconomics #Finance #ClimateFinance #sustainablefinance

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How can global comparability of sustainability reports be achieved? What does the latest research say? 🌍 🌱 These and other pivotal questions were explored at the Sustainability Standards Conference 2024 at Goethe-Universität Frankfurt. Stefan Reichelstein together with Alexander Wagner shared groundbreaking research on corporate carbon accounting and emphasized the critical role of biodiversity data for investors. The conference, a collaborative effort by the Leibniz-Institut für Finanzmarktforschung SAFE and Goethe University, received support from the IFRS Foundation, DRSC - Deutsches Rechnungslegungs Standards Committee e.V., and Deutsche Börse Group. Together, we are moving towards a future of more transparent and comparable sustainability reporting. #Sustainability #ESG #CorporateResponsibility #SustainableFinance

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As the consequences of the climate crisis become ever more apparent, organisations have several compelling reasons to actively participate in the voluntary carbon market: 💡 Bold Signal: Companies investing in credible carbon credits send a resounding message. Their investment shows that they are committed to taking responsibility for their emissions and are aligned with global climate goals. 💡 Innovation and Impact: By engaging in the voluntary carbon market, companies not only address unabated emissions but fuel innovative climate technologies. These projects benefit biodiversity, public health, and broader society. 💡 Financial Incentive: Research confirms that investing in carbon credits motivates companies to reduce emissions further. This commitment encourages cleaner practices, renewable energy adoption, efficiency improvements and value chain interventions. Respected organisations such as the ICVCM, VCMI, WBCSD, US Treasury, UNFCCC and SBTi all advocate for credible carbon credits as a vital tool within decarbonisation journeys. The Carbon team at Anthesis, with over 20 years of carbon-related expertise, can support your organisation in defining short and long-term climate investment strategies in line with wider reduction commitments and value chain ambitions. Take action today and address emissions responsibly. Find out more: https://lnkd.in/gq-TkkmN You can also find our experts this week at the Climate Action | Innovation Forum on the 27th June in London - please do reach out if you are planning to attend and would like to meet with one of our experts. #VCM #VoluntaryCarbonMarket #NetZero #CarbonCredits #Decarbonisation

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Great article on Systemic Investing: https://lnkd.in/e7Xx_faY We are interested in exploring Systemic Investing in the climate space with our public and private partners. Systemic investing is the application of systems thinking and complex systems science to understanding societal problems and addressing them through the strategic deployment of diverse forms of financial capital nested within a broader systems change program for the purpose of transforming human and natural systems. Remarkable Ventures Climate #climatetech #climatechange

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