Quantifying risks and putting a risk management system in place are the bedrock of investments. However, while the risk assessment tools for traditional investments are reasonably mature, incorporating climate risks into investments is relatively new, and the tools for climate risk assessments are evolving. In this article, we explore three tools developed to quantify climate-related...
In February 2022, the Global Reporting Initiative (GRI) published a paper titled “The materiality madness: why definitions matter”. GRI’s corporate sustainability reporting standards, based on the concept of double materiality, are the most widely used worldwide. GRI’s key message in the paper was simple – don’t complicate the idea of materiality. As GRI put it,...
In his blog titled, “Has the backlash against financed emissions begun?”, author Louie Woodall remarks that “Financed emissions” are no longer in vogue. He goes on to explain why “financed emissions” were all the rage in 2021, but is increasingly viewed with skepticism and concerns and why “financed emissions” might not be enough to solve...
The amended European Union Markets in Financial Instruments Directive II (MiFID II) and Insurance Distribution Directive (IDD) come into effect on 2 August 2022. The changes will affect how investment advisers and insurance firms in EU integrate the sustainability preferences of their clients and policyholders, respectively. The amended MiFID II and IDD are critical components...
Once upon a time, not long ago, there were several rings, or frameworks, for reporting corporate social performance, or ESG performance. There was one for reporting on emissions (CDP), another one only for real estate (GRESB), one for sector-specific reporting (SASB) and several other general reporting frameworks (GRI, CDSB, IIRC, etc). Then in 2015, the...
Opinion | Close encounters of the 4th kind – Scope 4 GHG Emissions Most likely, you have heard about scope 1, 2 and 3 GHG emissions. Recently, some of you may have experienced a close encounter of the 4th kind: Scope 4 GHG emissions. Scope 4 GHG emissions have been mentioned in the climate strategy...
(This is the third of the 3 part series on Net Zero and includes “What is Net Zero”(Part 1), How to set Net Zero targets(Part 2) and financing emission reduction and Net Zero targets(Part 3)) When setting Net-Zero and Corporate Decarbonization targets, every corporate should be aware of the various financial instruments that can help...
(This is the second of the 3-part series on Net Zero and includes “What is Net Zero” (Part 1), How to set Net Zero targets (Part 2) and how to finance Net Zero targets (Part 3)) In the last part, the concept of Net Zero and related terms were touched upon (read here). This part...
Editor’s Note : This is the first of the three part series on Net-Zero and includes What is Net Zero and what are the means to achieve Net Zero(Part 1), How to set Science Based Net Zero targets(Part 2) and How to finance Net Zero targets using specific debt instruments(Part 3). Terms like “Net...
EU Corporate Sustainability Reporting Directive (CSRD) – Mid-2022 update This blog post covers the mid-2022 updates on the CSRD. You can find our earlier coverage of the CSRD here. On June 21st of, 2022, the Council and the European Parliament reached a provisional political agreement on the CSRD [1]. On June 30th, 2022, the Council...
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