Rebecca Ravenni

NEWSLETTER | #Impact 5 years ago, in the summer of 2019, we launched Ksapa. 5 years that have gone by in the blink of an eye ... but so packed that it feels like 15! Not just for the Ksapa team, but for the field of #sustainability, which has become much more democratic. 5 years ago, for example, the European Sustainable Finance Plan - which gave rise to the #CSRD, the green taxonomy and the #SFDR - was still at the intention stage. The central banks had just set up the NGFS. The integration of #ESG risks into investment decisions was still far from being the norm. Even if the European Green Deal is now in the spotlight, it has to be said that the development of a sustainable regulatory framework has moved into another dimension. Sign up to continue reading and find out more! In the latest newsletter, we discuss: 👉 Climate Week NYC 2024 👉 #CSRD – Identifying IROs in a double materiality analysis 👉 Addressing the risk of #ForcedLabor in the Green and #JustTransition Value Chains Subscribe here and receive our monthly #newsletter 👉 The newsletter, as always, apprises you of Ksapa's recent and upcoming events and publications! Happy Reading! #Newsletter #Sustainability #ClimateAction #SDGs #BizHumanRights

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Two largest French investors lead in climate stewardship as peers lack transparency PRESS RELEASE Opaque voting process in France contrasts with transparency in UK, US, Norway, and Netherlands French investors lead or lack transparency, new voting analysis reveals, one week before shareholders will vote on a climate resolution co-filed by Amundi, AXA Investment Managers, and Groupama AM at Shell. Five of the twelve largest investors in France do not disclose their voting behaviour during annual meetings of oil majors in 2023. This opaqueness contrasts with investor transparency in the UK, the US, Norway, and the Netherlands, where most institutional investors publish their votes. “It’s impossible to assess the climate credentials of half of the largest French investors as they do not publish how they vote on crucial climate resolutions,” says Tarek Bouhouch of Follow This, the green shareholder group that filed the resolutions. “The Paris Agreement will fail unless the oil and gas industry changes. If shareholders do not vote for change, Big Oil will not take initiative. We thank Amundi, BNP Paribas, AXA IM, Ofi Invest Asset Management AM, Groupama AM and La Banque Postale AM for their leadership in being transparent about their voting record.” Next week, at Shell’s AGM, all investors have a new opportunity to show their commitment to Paris as the shareholder climate resolution at Shell comes to a vote at the Shell AGM on Tuesday 21 May. Amundi and AXA are among the 27 investors who co-filed this climate resolution. Read the entire report by Kaja Jakubiec via: https://lnkd.in/eXNaYpzq _______________________________ Join our fight against the climate crisis by urging Big Oil to change: 👉 https://lnkd.in/ePBRS36V 👈 _______________________________

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The 2024 edition of our climate tech VC infographic shows all the momentum & growth in VC funds covering the climate space. We mapped out seed, early stage and growth stage climate coverage across Europe & UK, US & North America, APAC, Africa and the Middle East. We also tried to split the map by funds with specific climate angles, climate generalists, deep tech funds and impact first funds. Many funds cover multiple verticals, stages and geographies at once. There are a few ways to cut this cake. What matters is that your fund is included 🚀 if we missed you, please add yourself here: https://lnkd.in/gjCUbBcA Would you like to get our next rounds of research and VC infographics? Make sure not to miss the next releases by signing up here: https://lnkd.in/gNJRHZP9

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📢Climate Adaptation session at Impact Europe's Business of Impact + Capital Ideas on 13 June🌎 Stephan Peters from ICFA, Antoine Pugliese (WWF-France) and David Ferreira (Latimpacto) together with moderator Cindy Helfer Berget (Dalberg Advisors) will explore the intertwined nature of environmental and social challenges in areas such as health, agriculture, and migration. Panellists will then share their experience on innovative strategies for promoting climate adaptation and building more resilient communities, delving into 3 topics: 💡 Current Solutions and Challenges to build #climate #resilience 🔦 Policy and Regulation to guide and support effective #adaptation measures across sectors like infrastructure, agriculture, and water management 🔆 Future Trends and Opportunities for climate adaptation #impact #investing #climate #adaptation

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💡This year, FIR and ADEME are extending the scope of their analysis to European companies presenting a Say on Climate in partnership with us along with Ethos. 📝What is a Say on Climate? It's a resolution submitted by the company to the consultative vote of shareholders at its Annual General Meeting (AGM), aimed at gathering their opinion on the company's climate strategy and/or its implementation. According to the FIR (Sustainable Investment Forum), it is an essential tool for establishing effective shareholder dialogue. In 2023, 26 European companies proposed this vote at their AGMs and were evaluated by ADEME (the French Agency for Ecological Transition) and FIR in this context. The aim of these assessments is to decipher not only the ambition but also the level of credibility of the companies' transition plan. Climate strategies are assessed on the basis of publicly available data. Using sector-specific methodologies, ACT provides an accountability framework for measuring the contribution of corporate strategies and actions to the mitigation objectives of the Paris Agreement, by analyzing short-, medium- and long-term reduction targets, emissions trajectories and action plan measures. To find out more follow the link below 👇 https://lnkd.in/dxi6Ke4q #climate #climatetransition

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#I4CE_Report📊 Financing the climate transition in France: what room for maneuvre on public funding needs? ▶️ France is facing a climate investment deficit relative to its climate objectives, according to #Landscape2023 ▶️ Bridging this gap is a challenge for public finances, which depends on future policies ▶️ This report analyzes options for allocating public and private funding in the #Building, #Transport and #Energy sectors 👇 https://lnkd.in/ec6QyU2t by Hadrien Hainaut, Maxime Ledez, Maia Douillet and Solène Metayer from #I4CE #PublicFinance #Climate #Landscape #ClimateInvestment #EnergyTransition 

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In the News ➪ Why Mirabaud and Zebra Are Looking Past 'Usual Suspects' for Regenerative Ag Fundraise Last year, Zebra Impact Ventures partnered with Mirabaud Asset Management - the fund management arm of the Swiss private bank - to launch Regenerative Growth 1 - an EU SFDR Article 9 fund. Here is what the team at Zebra Impact is learning about regenerative ag fundraising… ➪ Larger institutional investors are often overloaded with GPs pitching Article 9 funds ➪ Smaller institutions - such as regional pension funds - have presented better opportunities for their impact fund  ➪ Criteria from large investors, such as impact-linked carries, aren’t a good fit for impact strategies such as theirs 💡 Food for thought for other first-time agriculture and food VC funds. Read more from New Private Markets here ➪ https://lnkd.in/gxndNvrZ #fundraise #regenerativeagriculture #regenerativefarming #investing #impactinvestinng

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📢IT'S TIME FOR POLITICAL PRESSURE: Today in New York 🇺🇸 on the margins of the United Nations General Assembly (#UNGA), Ministers will meet for a dialogue on the New Collective Quantified Goal on #ClimateFinance (#NCQG) 💰. Here are the 7 things—including a #LossAndDamage sub-goal 🔥🌊⛈️— they need to make serious progress on!🧵 #ClimateWeekNYC 😭The #ClimateCrisis is already causing devastating #LossAndDamage 🔥🌊⛈️🏝️ across the world with developing countries bearing the brunt of a #CrisisEmergency they did little or nothing to cause as huge economic losses undermine their development. 😡 🌀For example, on the 7th of September, Typhoon Yagi —the most powerful storm to strike the Viet Nam in three decades— made landfall in northern part of the country causing widespread destruction. 🏚️🌊⛈️ 🔗Read United Nations OCHA ’s situation report here: https://lnkd.in/esDYVvjx 😭As of 18 September, #TyphoonYagi has claimed 291 lives and injured 1,922 people due to landslides and flash floods. Over 100,000 households were evacuated from coastal and high-risk regions and 237,000 were damaged, with extensive damage to crops and infrastructure. 🌽 💰At @UNFCCC #COP29 in Baku, Azerbaijan 🇦🇿, a New Collective Quantified Goal on #ClimateFinance (#NCQG) is set to be agreed. The #NCQG is intended to deliver #ClimateFinance to developing countries so that they can meet the goals of the #ParisAgreement. 🇺🇳 ⚙️ In practice that means the #NCQG should deliver #ClimateFinance to developing countries so they can decarbonise their economies (#Mitigation) 🏭, take measures to prepare for the #ClimateCrisis (#Adaptation)🌊, and address any #LossAndDamage that could not be avoided🔥. 🤯There have already been 1⃣1⃣ Technical Expert Dialogues and the 3⃣ Ad Hoc Working Group meetings to try an develop a framework for a draft negotiating text 📜 for the #NCQG, but developed countries are blocking meaningful progress on key issues including: 🥁 💰Meeting their obligations to pay into the #NCQG (developed countries are trying to undo their obligations to pay for #ClimateFinance under the @UNFCCC and its #ParisAgreement by calling for large developing countries to contribute 🙄); 🔎Agreeing to set a definition for what does and does not count as #ClimateFinance; and; 🚫We have yet to see any meaningful proposals for what the “quantum” (the number) of the #NCQG should be from developed countries( e.g. $6.88 trillion USD a year). [Continues in the next comment]

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🌍 Climate Tech Solutions: Exclusive Insights from Climate Week Speakers 🌍 ​​Last edition of @Climate Week was held in 2023. We have been privileged to discuss the ground-breaking technologies and initiatives with most influential speakers. We spoke with Paula Packer, Head at Embrapa Environment Jean Marc NDOMBO, Energy Transition Expert & Industrial decarbonisation CEO & Founder of NJM TECH AFRIKA Elena Bonfiglio, Policy Analyst at ERCST - European Roundtable on Climate Change and Sustainable Transition Rob van Straten, Chief Executive Officer at Skytree, and Guillaume Lorentz, member of AFR : Acteurs de la Finance Responsable de la Finance Responsable. Together with experts, we discussed the most significant trends in #climatetechnology to watch out for in 2024, the main challenges faced by companies developing climate technology solutions, countries that are leading the way in climate technology adoption, and tips for people on how they can contribute to the growth and adoption of climate technology. These ideas will inspire you and rekindle your commitment to a sustainable future. ✨ Key Highlights ✨ 🌱Climate Tech trends to watch in 2024 🌱 ✔ There is an ongoing debate about the feasibility of large-scale implementation of hydrogen. The EU recently launched the European H2 Bank to help create a market for green hydrogen in the EU. ✔ Sustainable agricultural practices, renewable energy (solar, wind, hydropower), development and implementation of CCUs and CDRs methods are the main focus of major companies. 🌱 Countries that play a decisive role in the adoption of climate-friendly technologies 🌱 ✔ China, Brazil, the US, Netherlands, and countries of Northern Europe. 🌱 Startups work on these cutting-edge climate technologies 🌱 ✔ Biodiversity, ocean acidification, and carbon credits. ✔ CO2 capture, transport, and storage. ✔ Agricultural, climate, and financial technologies. 🌱 Challenges faced by companies developing Climate Tech solutions 🌱 ✔ Overcoming the challenges associated with greenwashing. ✔ Difficulties in attracting investment in climate technology solutions. ✔ Difficulties in selling technology solutions due to a lack of awareness of the need for companies to invest in reducing greenhouse gas emissions. 💡Read complete interviews in our article to learn more about these innovative ideas, get inspired by their ambitions, and find out how you can help combat climate change. #climateweek #climatetech #climatetechdevelopment #carbon #carbonprint #greentech #greentechdevelopment #interviews #expert #climatetechnologysolution #sustainable #sustainabletechnology https://lnkd.in/eTDcvBw5

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❔💡Who Pays for the #Climate #Transition? The Role of Business in Driving Solutions - BS4CL Forum 2nd Edition Stephan Peters, CEO at ICFA - International Climate Finance Accelerator, recently joined the Business Schools for Climate Leadership (BS4CL)’s Forum hosted at INSEAD’s Europe Campus. BS4CL brought together leading alumni from eight partner schools to explore how to accelerate the #financing of the climate transition. The Forum’s objectives included: 📣Identifying research-based insights and solutions that can be jointly promoted by the BS4CL community to accelerate the role of the private sector in financing the climate transition 📣Acting as a bridge between COPs, inspiring business to take a leadership role in achieving progress 📣Design an action plan to mobilize alumni from all 8 leading European Business Schools to magnify the role of business in climate leadership 📣Deploy the knowledge of BS4CL’s communities of researchers and alumni to a wider audience of business practitioners, policymakers, and government officials. More info on the BS4CL's Forum: https://lnkd.in/gAJ4UZ5j #climate #impact #finance

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#GreenMarkets were front and centre this week at #ClimateWeekNYC. On Tuesday, during #GreenMarketsDay24, we launched a new cross-industry report that demonstrates fast-tracking the #GreenIndustrialRevolution is Mission Possible. MPP CEO, Faustine Delasalle, revealed insights from the report 'Unleashing Market Forces to Scale Green Industry: The Role of Green Market Makers': - Economies of scale for green commodities can be achieved within a decade pushing them closer to parity with fossil-based equivalents. - G20 countries can accelerate the uptake of low-carbon products whilst optimising use of public funds and ensuring future industrial competitiveness. - Green ammonia, sustainable aviation fuels, green steel, and low-carbon cement markets are identified as priorities for rapid expansion through ‘Green Market Makers’.  Developed in collaboration with Bezos Earth Fund, RMI, Systemiq Ltd., Bain & Company, Center for Green Market Activation (GMA), H2Global Foundation, J.P. Morgan, and Morrison Foerster, we highlight the potential of Green Market Makers (GMMs) to fast-track the scale-up of low-carbon commodity markets like green ammonia, sustainable aviation fuels, green steel, and low-carbon cement. You can see the full report here: https://lnkd.in/eQrqrzHc Other highlights from the day included a keynote from John Podesta, Senior Advisor to the President for International Climate Policy; a 'fireside chat' with Deputy Secretary David Turk, Sarah Bloom Raskin, and Andrew Steer; and a panel session looking at GMMs for jumpstarting green ammonia. The whole day demonstrated the building momentum in support of green markets and their potential to unlock decarbonisation in harder-to-abate industry and transport. #UnleashGreenMarketMakers

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With #COP29 closing, IUCN recognizes the finance deal an important but limited step towards our common goals for a better future Finance is a critical enabler of accelerated #climate action. With every year that passes without adequate financing for climate mitigation, adaptation, and loss and damage, the prospect of a stable, healthy, and safe future for humanity recedes. With vulnerable frontline communities around the world already suffering the disastrous effects of the #ClimateCrisis, it is imperative that climate finance flows of sufficient scale reach them directly without any further delay. Other important developments came out of the climate negotiations including rules to guide the operation of #carbon markets, recognition of the role and contributions of Indigenous Peoples and of local communities in nature stewardship and climate leadership and the extension of the enhanced Lima Work Programme on Gender. Read the full IUCN statement on COP29 ➡️ https://bit.ly/3V4YPlj

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Because people ask me so often what I actually do, I thought it would make sense to share that here. I wear two caps, splitting my time between:   1. Advisory for Climate and Energy Businesses: Helping companies in the energy transition and climate space scale and succeed: - Strategic advice on growth and operations - Go-to-market support - CEO mentoring - Capital raising guidance   2. Climate Tech Investing Finding high-growth climate tech companies and making early equity opportunities accessible for investors: - Sourcing and evaluating promising climate tech startups - Conducting due diligence - Offering allocation in high growth impactful startups (this is available for angel investors usually from as little as $5K)   I’ve leveraged my passion and network for climate solutions into both investing and advisory. One of the key benefits of running these two initiatives is the synergy between them: - Hearing about diverse, innovative technologies and business models sharpens my strategic thinking for advisory clients. - Understanding the gaps and opportunities on the advisory side makes me a better, more focused investor in the climate space, and much more effective than a generalist investor.   If you're an operator in the energy transition space, a founder in the climate space, an angel investor, or even a curious potential angel investor in climate tech—please reach out.

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Join us on Thursday to discuss all things ITMOs and carbon ratings. I'm excited to be discussing this topic with Axel Michaelowa and Alexandra Soezer ahead of what's shaping up to be an exciting #cop29 in Baku! #carbonmarkets #carbonratings #parisagreement #article6

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𝐑𝐮𝐥𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐨𝐚𝐝: 𝐌𝐞𝐚𝐬𝐮𝐫𝐢𝐧𝐠 𝐢𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐛𝐢𝐨𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐭𝐲 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 Biodiversity – vital to a healthy planet, our economies, and livelihoods – is deteriorating worldwide at unprecedented rates. The landmark "Kunming-Montreal Global Biodiversity Framework", reached in December 2022, presented an urgent and necessary shift in the global approach to tackling biodiversity loss. It calls for a whole-of-economy approach to halt and reverse biodiversity loss by 2030 by shifting to new ways of producing and consuming. This is a tall order to transform our $90 trillion global economy, and it simply cannot be achieved without the private sector and private capital. In November 2022 IFC released first-of-its kind Biodiversity Finance Reference Guide to help investors and companies identify opportunities to shift to new restorative business models and production practices that address the key drivers of biodiversity loss, advance conservation and restoration, and integrate nature-based solutions across sectors.  The goal of the Biodiversity Finance Refence Guide is simple: help investors, financiers, companies, and governments identify investments that protect and rehabilitate biodiversity and ecosystems and close the biodiversity finance gap. Following the adoption of the GBF, IFC, in consultation with the UN Secretariat of the Convention of Biological Diversity, indicated how each of the eligible investments and project activities contribute to individual targets of the GBF to halt and reverse biodiversity loss. And now, IFC in collaboration with BNP Paribas, the Finance for Biodiversity Foundation, Natixis, the Taskforce for Nature-Related Financial Disclosures, and the Wildlife Conservation Society launched a supplement to the Guide that lays out impact reporting metrics for each eligible activity https://lnkd.in/gb4jJgyg

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🚀 Climate Investment Opportunities are Growing 🚀 ➡ 2040 Ventures the managers of the Climate VC Fund and Punakaiki Fund are thrilled to announce the opening of a second fund - Climate Venture Capital Fund Extension (CVCFe)! 🌍 Expanding Impact: The CVCFe continues the mission to accelerate the transition to a low-carbon economy. Investing in early-stage ventures in NZ (70%) and Australia (30%). 📈 Driving Growth: With NZ clean tech companies seeking $440 million in the next year, CVCFe connects local investors to transformative opportunities, ensuring innovation stays local and impactful. 🌱 Invest in Impact: Join the Climate VC Fund in shaping a greener, prosperous future. Learn more at the website or contact Rohan MacMahon, Climate VC Fund partner. 👉 Interested? Find out more here: https://lnkd.in/gqPab2fi #ClimateInvesting #CVCFe #2040Ventures #ImpactInvesting #ESG #Aotearoa #IIN #Collaboration #Growth

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