Key Impact Points: NZBA and MUFG’s Strategic Role The NZBA, initiated by the United Nations Environment Programme Finance Initiative in April 2021, now encompasses 145 banks globally committed to aligning their financing to support a 1.5°C global temperature goal. MUFG, a pivotal member of the NZBA’s Steering Group and a
Key Impact Points: IFC, a member of the World Bank Group, in collaboration with HSBC Asset Management (HSBC AM), announced the creation of a specialized fund vehicle aimed at enhancing sustainability in the emerging market (EM) corporate bond sector. This initiative will support issuers that make significant contributions to sustainable
Key Takeaways The Rising Importance of Location-Specific Data During Climate Week NYC, MSCI hosted a crucial discussion on the low-carbon transition, emphasizing the growing relevance of location-specific data in climate risk assessment. Leaders from capital markets highlighted the “new mantra in assessing climate risk” involves a deeper focus on the
Deepening Decarbonization Decarbonization is the top priority to reverse the climate crisis’s critical momentum. Companies must develop clear transition plans and compelling narratives that demonstrate how they’ll deliver value and resilience through decarbonizing their businesses. “Transition planning is not a disclosure exercise but an innovation challenge,” emphasizing the need for
Key Impact Points: The leaders of Saudi Arabia, Colombia, and Azerbaijan are calling for a unified global response to tackle climate change, biodiversity loss, and land degradation. The nations, set to preside over key UN environmental conventions, introduced the Rio Trio Initiative during the UN General Assembly. The initiative emphasizes
Key Points: Surge in Climate Investments According to the CREO Syndicate, climate finance has experienced remarkable growth. From 2020 to 2022, annual global climate finance flows doubled to $1.4 trillion, representing 1% of global GDP. To achieve net-zero emissions by mid-century, these investments need to multiply, targeting an average of
Key Impact Points: Leaders of small island nations gathered at the United Nations General Assembly on Wednesday, issuing a unified plea for urgent global action to combat the climate crisis. They stressed that their countries are on the frontlines of climate change and that the international community must move beyond
Asset owners worldwide are increasingly prioritizing environmental factors, particularly climate change, in their investment decisions, according to the third annual “Morningstar Voice of the Asset Owner Survey.” Environmental Factors Take the Lead Some 64% of asset owners globally feel that environmental factors have become more material or financially relevant over
Key Impact Points: On September 23, 2024, in New York, USA, the World Economic Forum announced the release of its new report titled “Spotlight on Nature: Case Studies for Business Transformation towards a Nature-Positive Future.” This report, developed in collaboration with McKinsey & Company, underscores the urgent need for businesses
Key Impact Points: The United Nations Environment Programme Finance Initiative (UNEP FI), Finance for Biodiversity Foundation, and the United Nations Development Programme (UNDP) have unveiled plans for the Finance and Biodiversity Pavilion at the upcoming UN Biodiversity Conference COP16. Scheduled for October 21 to November 1, 2024, in Cali, Colombia,
