PritchittBland Communications’ Post

Each week, we collect some of the top #ESG and #climate stories to keep you updated and informed on the latest developments in #sustainablefinance.   Here are some of the #headlines that have caught our eye this week: ✳ Europe stands firm against US-driven ESG backlash – Reuters https://lnkd.in/d_NY49Wf ✳ Climate Group in Tumult Over New Guidelines for Carbon Market – Bloomberg News https://lnkd.in/eEBippzp   ✳ EU Adopts Rules Requiring All New Buildings to Be Zero Emissions by 2030 – ESG Today   https://lnkd.in/eRHczEE8   ✳ Insurers should account for all Scope 3 emissions, says Finance Watch – Sustainable Views https://lnkd.in/eR-p77b3   ✳ U.N. climate chief says two years to save the planet - Reuters   https://lnkd.in/ezbwWaCZ #ESGNews #ClimateNews #Headlines

What are asset owners’ priorities and decisions around sustainable investment? How is corporate climate action progressing towards the temperature goals of the 2015 UN Paris Agreement? How can investors leverage climate data and indices?   Hear from David Russell and Tony Campos at the FTSE TPI Climate Transition Webinar exclusive for investors in Australia and New Zealand to learn more.   "Empowering Sustainable Investments: Leveraging Data and Indices for a Low-Carbon Transition" Date: 24 September (Tuesday) Time: 9am AEST / 11am NZST Register at https://lnkd.in/ggW_cX7c   #ClimateTransition #Investment #ClimateData #SustainableInvesting #TPI #FTSERussell #StateofTransition #LowCarbon #CarbonPerformance #ManagmentQuality #SustainableFinance

The US government recently released a joint policy statement and principles regarding Voluntary Carbon Markets (VCMs). These markets have the potential to accelerate net emissions reductions while reducing costs, supporting economic development, and conserving natural resources. The principles emphasize the importance of high-integrity carbon credit markets, which can drive additional decarbonization action and help achieve global net-zero emissions by 2050. The U.S. government aims to ensure that VCMs play a meaningful role in combating climate change and generating economic opportunities. #VCM #highintegrity #carbonmarkets #conservation #policy #commentary #financialtimes #usa https://lnkd.in/gqW9KpBy

This is why institutional investors have a duty to consider the impact that individual companies are having on the rest of their portfolios. GHG emissions that exceed a company's fair share of a Paris-aligned economy contribute to a threat that global equity markets will be rerated 30-40% downward as compared to an economy that is aligned. That should get the attention of fiduciaries charged with optimizing returns over the long term. (And of taxpayers who will have to fund shortfalls at public pension funds). We don't need more data. We need shareholder action. As You Sow Interfaith Center on Corporate Responsibility (ICCR) Jake Barnett CalPERS CalSTRS #NYClimateWeek The Generation Foundation Climate Action 100+ The Sunrise Project Children's Investment Fund Foundation (CIFF) Principles for Responsible Investment

In a Financial Times article, United Nations Special Envoy on Climate Action and Finance and former Governor of the Bank of England, Mark Carney addresses the rapid global action needed to scale the #VCM.   Carney outlines the progress made by governments to deploy a market-based solution in the VCM to encourage global collaboration. The article explains that while high integrity VCMs will support a smoother and more efficient transition, none of this will be possible unless the markets are built on strong foundations and guided by ethical principles.   The article describes the need to "establish standards for end-to-end integrity — of supply, demand and markets" to ensure equitable treatment of every single participant in the VCM. Carney describes the need for action at an international government level, urging the G20 to build on the recent United States initiative which sets out principles for responsible VCM participation.   It's great to see Mark Carney continuing to push for rapid development of the VCM. Climate finance is an area he knows better than most having created the taskforce which founded The Integrity Council for the Voluntary Carbon Market (ICVCM) - an organisation which upholds supply side integrity of carbon credits. He points out that "the prize is huge if we get this right."   Read the full article here: https://lnkd.in/gqW9KpBy #VoluntaryCarbonMarkets #ICVCM #VCMI

Chestnut Carbon applauds the Administration's new Voluntary Carbon Market principles, laying out a framework for quality standards for the VCM and key to unlocking the carbon markets. This is (at least) a start to the leadership we need to see from the U.S. Secretary of the Treasury Janet Yellen commented, making a critical point about the widespread acceptance and adoption of the carbon market. Growth here from innovative climate solutions for companies committed to achieving net zero goals will drive SIGNIFICANT economic opportunities to countries across the globe while playing a very real role in reducing the risks of climate change. "High-integrity VCMs offer significant potential economic and climate opportunities. They can enable buyers to source cost-effective credits from different technologies, ecosystems, and geographies. And they can channel capital towards the most effective climate solutions." https://lnkd.in/gY2vGp8v

  Sovereign bonds are a huge part of most institutional investors’ portfolios, so having robust and comparable data on how countries are managing their #climate transition, physical and social risks is a critical part of building sustainable financial markets.   Enter ASCOR, which last month published its ‘State of Transition in Sovereigns 2024’ report – reviewing the climate performance of 70 countries, accounting for more than 85% of global GHG emissions.   Chronos Sustainability was delighted to support ASCOR in this work, and you can read the thoughts of our CEO Rory Sullivan on how investors can use ASCOR data in their decision-making, and as part of informed dialogue with sovereign bond issuers. 👇   https://lnkd.in/e_K66cFf   David Russell, Robert Black, Carmen Nuzzo, Adam Matthews, Transition Pathway Initiative (TPI), Grantham Research Institute on Climate Change & the Environment, Antonina Scheer, Victoria Barron, Claudia Gollmeier, Esther Law,

In 2023, we prioritised four ESG themes. Our third is the climate transition, which is about how we move as a society with high greenhouse gas emissions, to a future of net-zero emissions and where we're much more resilient to our new environment. Hear more from our Senior Investment Manager, Adam Gillett, including how we've engaged with our portfolio companies. Watch our short video at https://ow.ly/Y7Rg50U5cNf #ESG #ClimateTransition #NetZero #ResilientFuture #SustainableInvesting

💹 Unlocking Climate Finance: Mark Carney Champions #VCMs to fund Climate Action🌍 Mark Carney highlights the critical role #VoluntaryCarbonMarkets (VCMs) play in climate finance, with their potential to drive significant investments into sustainable development. Currently, global issuances stand at just $2bn, but VCMs hold the promise of transforming into a multi-billion-dollar engine for environmental progress. 🌱💵 🌎💪 Under the right conditions, VCMs could generate enormous cross-border capital flows, particularly benefiting emerging markets. With recent U.S. initiatives setting responsible participation principles, it's imperative for #G20 nations to build a globally integrated, high-integrity carbon market. This can dramatically increase funding for regenerative agriculture, agroforestry, clean technologies and vital biodiversity projects 🌿🔋 🌟 Join CYNK🌍for more on innovative financing mechanisms https://www.cynk.io/ #ClimateFinance #MarkCarney #VoluntaryCarbonMarkets #SustainableDevelopment #CleanTechnology #Biodiversity #AmazonReforestation #CoalPhaseOut #G20 #ClimateAction #GlobalWarming #NetZeroGoals Guy Turner, Jamie Saunders, Amy Merrill, Annette Nazareth, Adam Humphreys, Simon Petley, Alexis Massot, Ingo Ramming, Sam Gledhill, Simon Padbury, Marcus Poore, Pedro Martins Barata, Dana A., Leo Rubert, Neerada Poduval, Jacqueline Hill, Robert Crossley, Rob Moore, Lizzy Coad, Shuhel Boshor, Florian Baier, Amy Zell, Martin Berg, Tom Badenhorst, Gareth Turner, Ram Loganathan, PhD, Mireille Meneses, Chetan Aggarwal, Carl Peters, Jon Pierre, Alfredo Nicastro, James Brown, Greg Lydka Morris, Nicolas Bergler, Christopher Spry, Oliver Lemstra Bake, Tajiel Urioh, Heng Dean Law.

The PwC Ireland BITCI Low Carbon Pledge report highlights the critical role of reporting in driving decarbonisation. With 93% of respondents now publicly reporting non-financial data, there’s a clear move towards greater transparency and accountability. Read the report and discover how our dedicated ESG team can help your business take meaningful climate actions here. #ClimateAction #Decarbonisation