By Jake Moeller, associate director – responsible investment, Square Mile Investment Consulting and Research The decline in the variety of plant and animal life on our planet is not just a concern for scientists. It’s rapidly becoming a material issue for financial markets. As ecosystems are compromised, biodiversity loss poses material financial risks and the erosion of shareholder value as…
The Schwab Foundation for Social Entrepreneurship, in collaboration with the World Economic Forum (WEF) has released a whitepaper introducing an economic framework for impact credits, a method that assigns monetary value to positive social and environmental outcomes to unlock funding for high-impact initiatives. The report – Redefining Value: From Outcome-Based Funding to Tradeable Impact – highlights scenarios for how outcomes-based financing can…
Climate solutions provider Anew Climate and U.S. forestry-focused carbon removal platform Aurora Sustainable Lands announced a new agreement with Microsoft, for the delivery of 4.8 million nature-based carbon removal credits over 10 years, generated through Improved Forest Management (IFM) on U.S forestlands. The deal marks the second agreement between Microsoft, Anew and Aurora, following a 970,000 ton carbon removal agreement…
The UK government announced today the release of exposure drafts of new UK Sustainability Reporting Standards (UK SRS), based on the sustainability and climate-related standards developed by the IFRS Foundation’s International Sustainability Standards Board (ISSB), aimed at forming the basis of a framework to deliver sustainability-related financial information to the financial markets. The new standards were released by the government…
By: Isabel Fernández de la Fuente, Schneider Electric Sustainability Business As companies accelerate their climate ambitions, traditional net-zero frameworks have become the gold standard. But these models can sometimes fail to account for the full climate impact of companies whose products enable decarbonisation in other sectors. In other words: we risk holding back the very solutions we need to scale….
JPMorganChase and 1PointFive, the Direct Air Capture (DAC)-focused subsidiary of energy giant Occidental (Oxy) announced a new agreement, with the bank purchasing 50,000 metric tons of carbon dioxide removal (CDR) credits over 10 years from a new DAC plant in Texas. According to the companies, the new agreement forms part of JPMorganChase’s strategy to address operational emissions, in addition to…
The IFRS Foundation announced the release of a new guidance document, aimed at supporting companies beginning reporting using the International Sustainability Standards Board’s (ISSB) climate-related standard to disclose information on their climate-related transition, and on their transition plans. The new guidance follows the IFRS Foundation’s assumption of responsibility for the Transition Plan Taskforce (TPT) framework last year, in a move…