Ruta Bubniene’s Post

We need a paradigm shift on #ClimateTransparency This statement seems so simple but requires all our efforts as it is one of the critical steps for #accountability and a solid and impactful #ClimateGovernance. It also allows me to share, once more our recent publication, "Toward Enhanced Climate Ambition: Transparency and Digital Governance in Latin America and the Caribbean" Download it here https://lnkd.in/g7kredEc Graham Watkins Mayra Santaella Arturo Muente Kunigami Amina Desai

We need a paradigm shift on #climatetransparency. We should not see reporting as a burden, but as an opportunity - to learn from the data and to design more effective policies. So the new Biennial Transparency Reports (BTRs), due this year, are crucial new tools to help countries make informed choices, set ambitious national plans and targets, and unlock the finance to support them. Every country starts this process from a different place. But we can’t let the perfect be the enemy of the good.  Nobody is expecting countries facing enormous human and economic challenges to submit a platinum-standard report first time around. UN Climate Change offers support to help countries submit their first BTRs this year, and improve reporting over time: 👉https://bit.ly/4aY296K

UNFCCC Exec Sec calling for a ‘paradigm shift’ on climate transparency - framing it as an opportunity not a burden. 📃🧮🔎 Same goes for corporates - it’s not simply about compliance with recent and looming regulations; it’s ultimately about making a start, making an impact and striving for continuous improvement in line with what the science says is required. #climatechange #decisivedecade #climatetransparency #radicaltransparency

The first ever Biennial Transparency Reports (#BTRs) are due December 2024 for parties to the Paris Climate Agreement. This comes on top of #NDCs, #NAPs, and #LTSs and may feel burdensome for many, but it's a hugely crucial opportunity for countries to communicate not only their progress on climate action but also where their urgent needs are, including financing. And based on the trends we see emerging from the NDCs and NAPs, I suspect there will be a strong water-blue thread across many BTRs!

Biennial Transparency Reports (BTRs) are vital under the UNFCCC for enhancing transparency, accountability, and tracking progress toward climate goals. They provide detailed data on greenhouse gas emissions, mitigation actions, and financial support, informing the global stocktake and facilitate international cooperation and aid, ensuring effective climate policies and actions are based on accurate, comprehensive information.

📚 🌟 Report of the week: From Asset to Portfolio Management The Institutional Investors Group on Climate Change (IIGCC) recently published a report that delves into Cumulative Benchmark Divergence. 📈 🌿 This new way of assessing corporate climate targets will help investors identify transition risks in their assets and portfolios. By using CBD alongside other methods, investors can better understand if companies' plans to reduce emissions are on track. 🖇 Read more here: https://lnkd.in/euTicyqK #SustainableFinance #IIGCC #PortfolioManagement #ClimateTargets

PAFA Welcomes International Public Sector Accounting Standards Board (IPSASB)'s Initiative on Climate-related Disclosures Standard - Johannesburg, 12 June 2024 The Pan African Federation of Accountants (PAFA) applauds the International Public Sector Accounting Standards Board (IPSASB) for its groundbreaking initiative to develop a Climate-related Disclosures standard for the public sector, with the support of the The World Bank. This forthcoming standard, the IPSASB’s inaugural Sustainability Reporting Standard (IPSASB SRS™), marks a pivotal advancement in public sector transparency and accountability in addressing climate change. By enhancing transparency, this standard will empower public sector entities to make informed decisions, hold themselves accountable, and build trust in their climate initiatives. From an African perspective, the relevance and timeliness of this standard cannot be overstated. Our countries are among the most vulnerable to the impacts of climate change and face significant challenges in attracting the necessary capital inflows to address these risks. Effective climate-related disclosures will be crucial in showcasing our commitment to sustainability and in drawing much-needed investment to support our climate resilience and mitigation efforts. PAFA is committed to supporting this initiative and will actively participate in the feedback process for the draft standard, scheduled for release in Q4 2024. We recognize the vital role of global community engagement in the development of robust sustainability reporting standards and are dedicated to contributing to this essential effort. PAFA welcomes the publication of the IPSASB's Stakeholder Engagement Plan, which outlines various mechanisms for providing feedback, and encourages all stakeholders to engage and support the IPSASB’s efforts to create impactful and meaningful sustainability reporting standards for the public sector. About PAFA The Pan African Federation of Accountants (PAFA) is dedicated to advancing the accountancy profession in Africa. We work to promote transparency, accountability, and sustainable development across the continent. For more information, visit www.pafa.org.za.

🚀New ITPN blog! 2024 has been a landmark year for climate transition plans. Authored by Jacques Morris, Head of the ITPN, and Kate Ryan, Strategic Partnerships Manager at the ITPN, our blog reviews the key developments shaping the landscape of #transitionplanning this year.   👉🏽 Read the full blog: https://lnkd.in/eJ_4yUP5 In 2024, climate #transitionplans became indispensable tools for aligning corporate strategies with global climate goals. CDP reported a 44% increase in companies disclosing 1.5°C-aligned plans, highlighting their growing adoption as mechanisms for managing climate risks and opportunities. Transition plans are now recognised for their dual role: as internal tools for driving transformation and as external signals of credible #climateaction to investors and regulators. With increased regulatory focus and standardisation, these plans are critical for mobilising #transitionfinance and enabling sustainable economic growth. Ben Gilbey Ira Poensgen Nina Pimblett Kate Levick Ben Caldecott G20 South Africa Network for Greening the Financial System (NGFS) International Organization of Securities Commissions - IOSCO Climate and Nature Solutions Catherine McKenna Taskforce on Net Zero Policy IFRS Foundation

It’s great to see a range of climate legislation introduced into the House of Representatives today, and we welcome, in particular, those bills which mandate climate reporting and establishing the Net Zero Authority.   ACSI has advocated for mandatory climate reporting for years, and, once legislated it will give ACSI members clearer information about their investee companies’ exposure to physical and transitional risks related to climate-change. This information is integrated into investment processes and used by investors in their risk assessment and stewardship activities. The Net Zero Economy Authority will play a critical role in helping companies and investors to more confidently deploy vital, long-term and patient capital in the transformation to a net zero economy and, crucially, provide support to communities and workers impacted by the transitioning economy.  https://lnkd.in/gfSSfC7A  #ESG #environment #climate #netzero #stewardship Net Zero Economy Agency

💡 This year, global momentum on transition plans in markets and governments has created a big opportunity. ✒️ Kate Ryan and I have written the first ITPN blog on what happened, and how global consistency on transition plans can support sustainable economic growth while also meeting climate goals. 📖 Read here! https://lnkd.in/eJ_4yUP5