Deforestation data tool launched for financial institutions
An open-data platform has been launched to help financial institutions track company exposure and performance on deforestation.
'Scope 4' emissions 'key' to assessing real world transition impact
Calculating the 'Scope 4' avoided emissions is "very important" if you are trying demonstrate the real world impact of your operations and investments, and is especially important when assessing companies that provide climate solutions, an Environmental Finance event heard.
Scope 3 data: imprecise and sometimes plain wrong
Estimates are being used to fill in holes and inaccuracies in corporate disclosures, while there are hopes satellite data will provide clarity, The Future of ESG Data heard
Storebrand warns of 'hidden traps' of climate data at heart of ISSB standards
Storebrand Asset Management has warned investors of "hidden traps in climate data" that would lead them to unnecessarily exclude "climate solutions" companies because of greenhouse gas (GHG) emissions linked to their sold products.
More than 90 investors demand removal of climate disclosure opt-out in CSRD
A group of 93 investors and other financial institutions has signed a letter urging the European Commission to remove a proposed opt-out in corporate disclosure rules for aspects including greenhouse gas (GHG) emissions.
Church of England to support Toyota lobbying resolution
The Church of England Pensions Board (COEPB) is to take action at Toyota's upcoming AGM over concerns its lobbying "may be undermining the goals of the Paris Agreement".
Storebrand: Investors should apply biodiversity exclusions 'much more'
Investors should be adopting the "precautionary principle" around investment exclusions on biodiversity grounds "much more", Storebrand told an Environmental Finance event
COP15 agreement 'not only road' to nature transparency
Montreal: Financial institutions will have to report on their nature risks regardless of the outcome of COP15 due to nature-related action from central banks, an executive at Rabobank has said.
COP15: Nature Action 100 engagement initiative launched
The Nature Action 100 (NA100) engagement initiative has been 'soft launched' at biodiversity COP15 in Montreal, where it was revealed that the initiative is gathering momentum, with more than 120 investors considering participating.