Matteo Marinelli’s Post

📣  𝗘𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗡𝗲𝘄𝘀! 🌍 I am thrilled to share that the Taskforce on Nature-related Financial Disclosures (TNFD)'s Discussion Paper on 𝗡𝗮𝘁𝘂𝗿𝗲 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗣𝗹𝗮𝗻𝘀, launched yesterday at #COP16. This marks a significant step forward, as until now, there were no comprehensive guidance or disclosure recommendations for corporates and financial institutions regarding their nature transition plans. Working alongside Thomas H. & Emily McKenzie, in my role as a secondee to the #TNFD, I had the privilege of co-authoring. What a rewarding experience. So, what are #naturetransitionplans, and why do we need them🤔? Delivering a #netzero, #resilient and #naturepositive future will require a fundamental change in how businesses and financial institutions operate. Achieving ambitious and challenging science-based goals, such as bending the curve of biodiversity loss, requires breaking down the process of systemic change into smaller, achievable steps. Nature transition planning can help unlock this, thereby avoiding #risks associated with nature loss. Transition planning moves us from #insight to urgent #action on nature.🚀 By #disclosing these plans, investors are empowered with the information they need to #finance the transition. 👉 Read the report here: https://lnkd.in/eZaCq4DT 👉 Stay tuned for more soon, as WWF prepares to launch additional recommendations Antoine Pugliese Thomas Viegas Michael Ofosuhene-Wise Luke Blower Romie Goedicke den Hertog Aaron Vermeulen Laura Fisher Flávia Bedicks Miriam van Gool Thomas H. Joy Williams Ira Poensgen Jennifer Black Gavin Edwards Julen González Redín

Both expectations and requirements for disclosures on financially material climate-related and nature-related risks and opportunities is accelerating. 🌟 Don't underestimate the speed at which 'good practice' will turn into 'mandatory requirements' - proactive preparation will serve better than reactive response. 🌟 ➡ It took a long time to come to 'good practice' standards for disclosure of material climate risks (via TCFD). ➡ Then, Financial Regulators provided mandatory requirements (starting with ECB's Guide). ➡ Then, market regulators provided mandatory requirements (starting with FCA). ➡ Then, 'good practice' on material nature-related risks (via TNFD). ➡ Then, wider adoption of requirements on climate disclosures (IFRS implementation); mandatory requirements in many countries and growing. ➡ Then, TPT offered a 'good practice' standard on climate transition plans. ➡ Now, 'good practice' on nature transition plans (from WWF). Next up: ⏩ Mandatory requirements for disclosure of nature-related risks and opportunities. ⏩ Adoption of TPT as mandatory disclosure requirements. ⏩ Adoption of Nature Transition as mandatory disclosure requirements.

Comprehensive discussion paper on nature transition plans for corporates and financial institutions!

An interesting article published by ESG Dives last month, highlighting the attitudes towards the expanded use of carbon offsets. The Science Based Targets initiative previously announced a proposed expansion of the use of carbon offsets, which they ultimately backtracked on following claims that the move is not backed by science and would possibly enable corporate greenwashing. Read the full article: https://lnkd.in/eiPRz-Ay #CarbonOffsets #SustainableTrading #ESG #ClimateChange

The [much-anticipated] Science Based Targets initiative’s recent Beyond Value Chain Mitigation paper sends a strong message 💪: “The world 🌍 is dangerously close to passing the 1.5°C threshold, beyond which humanity [is] exposed to existential and irreversible negative impacts …[so] it is [] important to catalyze private sector finance to mitigate emissions that occur beyond corporate value chains” So what does this really mean for our clients and partners? The second part of the paragraph above says it all. We need the private sector to act, and act now. 🌲 🐨 #climateaction How we catalyse private sector finance is being increasingly referred to as Beyond Value Chain Mitigation (#BVCM) and is recognised as a key part of any robust and holistic climate strategy. BVCM covers more than just carbon credits, it also includes funding start ups and supporting biodiversity projects among others. Having said that, buying carbon credits is a great option to demonstrate your commitments and support on-the-ground climate action, and is the preferred approach by the SBTi and the business community. Starting with the business case for BVCM, developing your quality criteria for carbon credits and identifying how you want to take action will set you up for success. We suggest aligning any BVCM activity with your broader #sustainability goals, your company’s vision, and the UN’s #SDGs for maximum #impact. 🐧 🐼 I am personally excited by the SBTi’s guidance and welcome the clear messaging on the need for companies to invest outside their value chain, as well as #decarbonising their operations. Now I am hopeful we see companies take action to reduce the catastrophic impacts on us, our children and future generations. 🚸 👼 South Pole can develop your #BVCM strategy and also support you in communicating your actions, so get in touch to hear how we can help you. Danielle de la Cour | Tara Oakley | Ajit Padbidri | Carly Youd | Shruti Singh | David Catley https://lnkd.in/gyiG2BGN

Our Nature Finance initiative has been in full swing since #COP16 and the Responsible Investor Forum in London two weeks ago. As more financial institutions focus on addressing climate change and biodiversity loss by aligning with global frameworks, we are excited to participate in Building Bridges 2024 in Geneva on December 10–11 to share further insights on this critical topic.   A science-based approach and actionable guidance are essential in addressing the intertwined challenge. We are excited to be leading financial institutions through two insightful sessions:   𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹 𝗦𝘁𝗲𝗽𝘀 𝘁𝗼 𝗚𝗲𝘁 𝗦𝘁𝗮𝗿𝘁𝗲𝗱 𝘄𝗶𝘁𝗵 𝗧𝗡𝗙𝗗 𝗟𝗘𝗔𝗣 𝗳𝗼𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 with Grant Rudgley December 10, 2024 | 13:00 to 14:00 (CET) Session for banks and investors who want to understand how to get started with the TNFD-LEAP process, this practical workshop will start with an introduction to Taskforce on Nature-related Financial Disclosures (TNFD) and nature-related dependencies, impacts, risks and opportunities, followed by practical exercise.   𝗧𝗵𝗲 𝗕𝗜𝗔𝗙: 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗻𝗴 𝗕𝗶𝗼𝗱𝗶𝘃𝗲𝗿𝘀𝗶𝘁𝘆 𝗜𝗺𝗽𝗮𝗰𝘁𝘀 𝗶𝗻𝘁𝗼 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻-𝗠𝗮𝗸𝗶𝗻𝗴 with Samantha Lacey and WWF December 10, 2024 | 16:30 to 18:30 (CET) Sharing methods for systematically and transparently integrating biodiversity into decision-making processes. Participants understand how economic activities can be analysed in terms of their expected impact on biodiversity and how the BIAF can serve as a foundation for sustainable investment strategies.   If you are heading to Geneva next week, be sure to join our workshop and speak to our team. #BuildingBridges #Biodiversity #TNFD

There is a $700 billion per year gap between the current and required financing to meet the 2030 targets of the #GlobalBiodiversityFramework. Finance, both public and private, has a central role to play in closing this gap. 🌿 Event Recap: Unlocking Private Finance for Nature 🌍  Yesterday at #COP16 the Centre for Sustainable Finance (CISL)'s Sara Taaffe and Dr Nina Seega led a session with panellists Oliver Withers, Jessica Smith, Tony Juniper CBE and Daniel Fairweather to explore how the financial sector can actively contribute to nature finance through both nature conservation and nature recovery, as outlined in our recent report. https://lnkd.in/eF3RUqUw The event brought nature conservation from the periphery into the heart of financial strategies, exploring synergies between National Biodiversity Strategies and Action Plans and private capital and investment promote real opportunities for nature. Topics Discussed:  🔑 Barriers to Private Capital Mobilization  🌟 Success Stories and Scalable Solutions  🔄 Aligning #NBSAPs with Private Sector Needs Key Takeaways:  🍃Collaborations among financial institutions, policymakers, and the private sector are crucial to ensure that #NBSAPs align with both biodiversity goals and business opportunities.  🍃Success at #COP16 means building and harnessing the momentum to drive political will to achieve the GBF targets in just 6 years’ time.  🍃Consensus on what good looks like for nature positive is needed to give clarity and confidence to the finance sector  🍃Examples needed that demonstrate companies seeing nature recovery speaking to their bottom line #CISLNature #ReimaginingGrowth #CambridgeForOurPlanet #PazConLaNaturaleza

🪸📢 Cambridge Institute for Sustainability Leadership (CISL)'s ClimateWise alongside two of its members, Howden and MS Amlin, have developed pioneering nature-related financial opportunity use cases, using The Taskforce on Nature-related Financial Disclosures (TNFD)’s LEAP approach (Locate, Evaluate, Assess, Prepare). The use cases are aimed at galvanising further assessments of nature-related opportunities across the insurance industry. 🐠 All insurance firms are vulnerable to nature-related financial risks; and the financial materiality of nature loss evidenced constitutes an urgent call to action. Through the creation of these use cases, insurance companies have started to engage internally on nature loss and catalysing external conversations to transition towards a nature-positive economy with clients and investee companies. Aligned with The Kunming-Montreal Global Biodiversity Framework (GBF) UN Biodiversity which urges the financial system to support nature recovery by 2030, providing examples of integrating nature into mainstream financial decision-making will pave the way for other financial firms to follow suit. 📝 Access the use cases here: Read the Howden use case: https://lnkd.in/enXyzWZ9 Read the MS Amlin use case: https://lnkd.in/eAu2fmkh This research was grant funded by the European Climate Foundation (ECF). The Centre for Sustainable Finance would like to thank ClimateWise members for their invaluable contributions to developing and shaping these nature-related use cases, including Howden and MS Amlin. The Howden use case has been researched, created and refined by Laura Deltenre, Lydia Brown, Marta Lamberti, Ed Cox and Daniel Fairweather and supported by Sid Miller OBE and Dr Nina Seega. The MS Amlin use has been researched, created and refined by Laura Deltenre and Louise Scott and supported by Sid Miller OBE, Dr Nina Seega Amir Sethu (FCA) and Chris Johnson. The Centre for Sustainable Finance would like to thank the European Climate Foundation (ECF) for funding this research, ClimateWise members for their invaluable contributions to developing and shaping these nature-related use cases, including Howden and MS Amlin and the following individuals for their support: Sara Taaffe and Dr Mohsen Gul. #ClimateWise #SustainableFinance #insurance #NatureRelatedOpportunities #NaturePositive #ClimateAction #resilience

Our Governing Board Chair, Annette Nazareth, recently contributed to an ‘Investor Guide for Companies and Financial Institutions’ developed by Natural Climate Solutions Alliance. This comprehensive guide offers invaluable insights for corporate investors and financial institutions seeking to understand the significant investment opportunity presented by high-integrity #NaturalClimateSolutions. ✅ 💡 The guide explores: ➡️A compelling business case for investing in NCS projects; ➡️Practical guidance on evaluating, integrating, and executing NCS investments; ➡️Strategic approaches to capitalise on the potential of NCS to mitigate #GreenhouseGas emissions, protecting biodiversity, and deliver social benefits. The guide, co-produced by @Forest Investors Club, ERM Sustainability Institute, ERM , BeZero Carbon, WBCSD – World Business Council for Sustainable Development, We Mean Business Coalition and U.S. Department of State, highlights how nature-based solutions play a pivotal role in combating the climate crisis. 🌱🤝 🔗 Access here: https://lnkd.in/eHShnBUR

Another great news at the beginning of the week. By gathering like-minded people , we build an ecosystem of companies that we are connected to as Vision for a Better World . TOGETHER WE CAN DO MORE 🍀 #esg #Esgnews #green