ESG & Sustainability Insights’ Post

Join our Sustainable Finance Forum on 23 and 24 April to hear from Mark Carney, United Nations Special Envoy for Climate Change and Co-Chair for the Glasgow Finance Alliance for Net Zero, who will provide the opening address of the conference, highlighting the criticality of fully embedding sustainability into the financial system as soon as possible.     Register here: bit.ly/3Tj672X     #LuxFinance #SFF #sustainability #sustainablefinance #livestream #finance #ESG #financialservices

"This statement is signed by 534 financial institutions and their representatives managing USD $29 trillion in assets under management." "A whole-of-government approach is essential to unlocking the public and private capital flows needed for the net zero transition. As investors and financial institutions, we are committed to working with policymakers to deliver this approach in order to drive collective prosperity and sustainable economic growth while achieving our shared climate and nature goals in a way that maximises the benefits for people and nature." Amen https://lnkd.in/dyMMYQ_Z

Week 1 of COP29 has been marked by slow progress on finance and nature. But there’s hope! Ambitious new NDCs from Brazil and the UK showcase leadership and set the stage for more bold action. Clare Shakya, Maria Netto, Balkissou Buba, Ann Samante, and Tom Skirrow share powerful reflections on the urgent need for increased funding for nature. Their call to action is clear: 🌿 25% of financing must reach Indigenous Peoples. 🌳 Funding for nature must triple by 2030 to meet the 1.5°C target and restore critical ecosystems. With so much at stake, the time for promises has passed. It’s time for bold action

Finance strategies that involve sustainability for organizations make sense over the long term but come up against resistance and backlash from finance professionals who aren't thinking about the same degrees of longevity. A sustainability strategy can be a finance strategy as well, and when aligned, can have more meaningful justice-based outcomes. However, this requires a degree of leadership buy-in not often seen across the private sector. #Finance #Justice #Sustainability

It was a delightful opportunity to be a part of this virtual event hosted by Luxembourg for Finance. As noted by Mark Carney, the establishment of a Sustainable Financial System is a pivotal factor in achieving Climate Justice. I learnt that the financial innovation requires closing three gaps which are Data, Action Plan and Investment. Data: It is important that comprehensive climate disclosure be available to grant stakeholders access to emissions data of companies, targets for reducing emissions and performance against such targets. Action plan: Every company needs a credible aligned Net Zero Transition plan to fulfil their commitments. Investment: Clean energy investment must continue to increase and Carbon Markets must grow to fulfill their potential. Authorities must establish standards for end-to-end integrity in Carbon Credits. Conclusively, the Net Zero Financial System is essential but it is not a cure-all. Finance is only a catalyst in the transition to a sustainable economy. #SustainableFinance #GreenEnergy

As we continue to drive progress in climate finance, the insights shared in UNEP FI's Fifth Anniversary Roundtable highlight the crucial role of collaboration and innovative financial strategies in advancing net-zero ambitions. At GMEX Group, we are committed to leveraging digital technology to accelerate sustainable finance solutions, creating a more resilient future for all. Explore more about the evolution of climate finance and the role of the Net-Zero Asset Owner Alliance in this insightful article: https://lnkd.in/d9pDy4Mj #ClimateFinance #NetZero #SustainableInvesting #GreenFinance #DigitalTransformation #Sustainability #GMEX #FinancialInnovation #ClimateAction Hirander Misra

Our latest publication: "Carbon Implications of Sovereign Wealth Funds" in Corporate Social Responsibility and Environmental Management. This study, authored by Andersen, E.V., Wilts, J.W., Yuli Shan., Franco Ruzzenenti, and Klaus Hubacek, examines the environmental and carbon impacts of sovereign wealth funds and their critical role in fostering sustainable investments. 🔍 Key Highlights: Analyzes the carbon footprint of sovereign wealth fund investments. Explores pathways to align financial strategies with sustainability goals. Provides actionable insights for policymakers and fund managers to reduce carbon risks. 🔗 Read the full article: https://lnkd.in/dt6PNkVa #Sustainability #SovereignWealthFunds #CarbonFootprint #ClimateAction #ResponsibleInvesting #CSR #ResearchInsights #EnvironmentalManagement

⛳ Big milestone for Voluntary Carbon Market We're excited about the U.S. Federal Government's announcement of a Joint Statement of Policy and new Principles for Responsible Participation in Voluntary Carbon Markets (VCMs). This initiative aligns perfectly with the Core Carbon Principles (CCPs) set by The Integrity Council for the Voluntary Carbon Market (ICVCM). As U.S. Department of the Treasury Secretary Janet Yellen stated, “Harnessing the power of markets and private capital is critical. High integrity VCMs offer significant potential economic and climate opportunities. Multi-Stakeholder groups, like the ICVCM and VCMI, are working to raise integrity standards.” This endorsement marks a significant leap forward in ensuring that VCMs deliver real, verifiable climate impact. Why this matters: ✅ Confidence in carbon credits: It reinforces the importance of carbon credits funding genuine emissions reductions and removals. ✅ Unlocking private finance: VCMs can attract critical private investment for otherwise non-viable projects, accelerating climate action. ✅ Supporting the United Nations SDGs: High-integrity carbon markets are a powerful tool to help tackle the climate crisis and achieve the UN Sustainable Development Goals. Full announcement available here: https://lnkd.in/eKAqPzgj #ClimateAction #SustainableFinance #CarbonCredits #UNSDGs #HighIntegrityVCM

During our recent Sustainable Finance Forum, Mark Carney, United Nations Special Envoy for Climate Action & Co-Chair of the Glasgow Finance Alliance for Net Zero highlighted that we are living in an age of crisis. Carney estimated that those shocks contributed to lowering the global growth rate from over 5% at the end of the 90s to 2.5% today. Building a truly sustainable economy, according to Carney, will be one of the best ways to return to stronger more resilient long-term growth. Hear more about building a sustainable financial system by watching the full replay of Day1: bit.ly/3JCCbuo #LuxFinance #SustainableFinance

Climate finance refers to investments in projects and initiatives promoting climate change mitigation, adaptation to climate impacts, and transitioning to a low-carbon economy. These investments can come from various sources, including governments, international financial institutions, private companies, and individual investors. The importance of climate finance lies in its potential to catalyze significant and sustainable change. First, climate finance can accelerate developing and adopting clean and sustainable technologies. These can include renewable energy projects, such as solar and wind power, or innovative solutions for reducing emissions in industry and transport. By making these technologies more accessible and cost-effective, climate finance can contribute to reducing greenhouse gas emissions and mitigating climate change. Second, climate finance can play a crucial role in helping communities prepare and adapt to the inevitable impacts of climate change. This can include natural disaster resilient infrastructure projects, such as flood defense systems or water management strategies. Investing in these solutions can reduce the vulnerability of communities most affected by extreme weather events and protect people's livelihoods. Moreover, climate finance holds the potential to catalyze a shift in economies towards more sustainable and equitable models. This can be achieved by directing resources towards projects that stimulate the creation of green jobs and the reduction of socioeconomic disparities. In addition, climate finance can drive responsible business conduct and transparency in utilizing natural resources. However, despite recognizing climate finance's importance, significant challenges remain. These include the need to substantially increase the amount of investment available and ensure that such investments are directed towards truly sustainable projects tailored to the needs of local communities. Promoting international collaboration and policy coherence is also essential to maximizing the impact of climate finance. In conclusion, climate finance is vital for tackling the climate crisis and building a more sustainable and equitable future for all. Governments, financial institutions, companies, and individuals are critical players. The commitment to mobilizing and using significant resources effectively and efficiently is imperative to address this urgent challenge. Only through collective and coordinated efforts can we hope to achieve the mitigation and adaptation goals necessary to protect our planet and future generations. #Climatefinance #CO2offset #consulting #betterfuture #carboncredit