Apr 29, 2021
In this year of increased focus on climate action leading up to COP 26 UN Climate Conference in Glasgow, investors may be overlooking a sector ready to be harvested for its unique ability to fight the climate crisis - agriculture. In fact, some $972 billion flowing annually into the agriculture value chain could be channeled into transformative investment that would accelerate the adoption of climate-smart agriculture, according to a new report.
An untapped market
Agriculture is typically not a part of the $2 trillion invested and re-invested annually in ESG portfolios, the report showed; for example, in the third quarter of 2020 alone, there were $10 billion in corporate support for green bond issuance, but agriculture was not included. The reality, however, is that innovative financial mechanisms like green bonds and community finance could help farmers and ranchers tap into that capital.
/PRNewswire/ SAP SE (NYSE: SAP) today announced it has joined the World Business Council for Sustainable Development (WBCSD) as an innovation partner in.
Corporate natural capital accounting – understanding challenges and pursuing standardization opportunities
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Geneva, Switzerland, 27 March
2021: Today, the World Business Council for Sustainable Development (WBCSD), in collaboration with Valuing Nature, launches the Corporate natural capital accounting - from building blocks to a path for standardization report, as a contribution to the EU Life funded Transparent project.
To realize the ambition of a sustainable financial system and economy that allows for 9+ billion people living well, within planetary boundaries, by mid-century, we must understand how business impacts and depends upon nature, valuing natural capital in our decision-making. This report provides an overview of corporate natural capital accounting resources and applications, identifying best practices, challenges and standardization opportunities.
Bridging the ESG reporting gap to meet the Paris climate agreement accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
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Climate Action 100+ reports that, last year, there were 22 climate-related weather disasters in the U.S. that “each caused more than $1 billion in damages far and away a record. To investors, climate change poses not only physical risks of damage to assets, supply chains and infrastructure but also transitional risk if portfolio companies do not adjust rapidly enough as the economy decarbonizes and systemic risk posed to the entire economy.” According to environmental nonprofit Ceres, as of April 21, 408 businesses and investors “with a footprint” in the U.S. have signed an open letter to the President indicating their support for the administration’s commitment to climate action and for setting a new climate target to reduce emissions. The signatories collectively represent over $4 trillion in annual revenue, over $1 trillion in assets under management and employ over 7 million U.S. workers across all 50 stat