The European Union recently approved the new regulation on deforestation-free products, known as the EU Anti-Deforestation Regulation (EUDR), which states that companies marketing within the bloc will have to prove their products do not contribute for deforestation. While companies trading within the UK are not obliged to follow the same rules, any UK company trading with … Read more
India’s government has issued a consultation for a new green credit programme, which is designed to incentivise environmental friendly activities such as planting trees and conserving water usage. By participating in these activities, entities including individuals, farmers, urban and rural local bodies and private sector companies can earn tradable green credits. Under the scheme, they … Read more
The UK’s Investment Association (IA) has come out to “strongly oppose” including asset managers’ proprietary ESG ratings, used when marketing a fund, in planned government rules for ESG ratings providers. The investment sector lobby body makes an exception where the individual rating is used publicly and systemically for a charge. ESG ratings should also not … Read more
Three years ago, I mentioned in an article for ESG Clarity about the loss of the insect biomass, how the sound of spring and summer which brings out insects which are a part of the food chain for our native wildlife, has changed, it’s become much quieter. This year there has been a lot of … Read more
Martin Currie, a specialist investment manager of Franklin Templeton, has launched its first social impact fund. The FTGF Martin Currie Improving Society fund is a global equity fund, categorised as Article 9 under the EU’s Sustainable Finance Disclosure Regulation. It aims to deliver long-term capital growth while advancing fairness of social opportunity and narrowing the … Read more
Recognition is growing that nature protection and restoration are crucial to reaching net zero. Last year’s COP15 proved a turning point in galvanising commitment with 188 governments signing the Global Biodiversity Pledge (GBF), whose headline mission is to halt and reverse biodiversity loss by 2030. This could be challenging to achieve, but we expect nature … Read more
The COP28 president’s ‘global stocktake’ of countries’ climate progress is a positive but lacks the urgency we need, according to adviser to Extinction Rebellion Chidi Obihara. Obihara came to ESG Clarity‘s London studio for our Countdown to COP28 series, to discuss the movement’s recent protests, and priorities for the climate change conference. He also shares … Read more
COP28 is just five months away, yet this annual summit to be hosted by the UAE is already plagued by a global narrative of dismissal and distrust. At the same time, delivering on the climate transition in emerging and developing countries has never been more urgent. Ninety percent of new emissions growth will come from … Read more
COP28 will come at a critical time following the recent conclusion of the IPCC’s report[1], which concluded that ‘the pace and scale of climate action are insufficient to tackle climate change’. It is clear that progress remains insufficient; so, what could be done to allow the financial sector to effectively play its part in reaching … Read more
Wealthy countries need to play a much bigger role in funnelling climate finance investment to vulnerable communities in the Global South, COP28 President-Delegate Dr Sultan Al Jaber has told world leaders, in a whistlestop tour ahead of the climate summit in the UAE in November. The COP28 UN meeting to tackle climate change will take … Read more