How can we finance climate adaptation? Nature-based solutions to the Americas climate change risks
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The concepts of natural capital and nature-based solutions are gaining attention in the global capital markets, as public and private sector issuers consider ways to finance projects to enhance their physical asset resiliency to climate change or support reforestation and native species regeneration.
While these forms of sustainable debt are well suited to financing diverse adaptation and resiliency activities, the volume of issuances to date is still low, when considering that just five per cent of the proceeds from green, social or sustainability bond issuances in 2020 went to sustainable land use projects, compared to 85 per cent directed to the categories of energy use/efficiency, green buildings and clean transport
U S family businesses outpace big business on ESG 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.
Updated SASB bulletin outlines climate risk reporting specifics by industry
SASB released an updated Climate Risk Technical Bulletin earlier this week to help companies better understand how they can disclose climate risk in a manner that would provide investors with helpful information.
SASB’s standards divide companies into 77 industries and provide industry-specific ESG reporting suggestions, based on financial materiality. As part of this latest review, SASB finds that 68 of the 77 industries are significantly affected in some way by climate risk, totaling 89 percent of the market capitalization of the S&P Global 1200.
‘Climate change is ubiquitous,’ says David Parham, director of research projects at SASB. ‘You can’t diversify away from the risk, so you need to understand how those risks manifest and how they can be responded to. That’s why it’s important to have the data to understand how companies are managing that risk and identifying exactly what it is.’
Met dank overgenomen van Europese Commissie (EC), gepubliceerd op woensdag 21 april 2021.
Revision: why was there a need to review the Non-Financial Reporting Directive (NFRD)?
The reporting rules introduced by the Non-Financial Reporting Directive established important principles for certain large companies to report sustainability information on an annual basis. It introduced a ‘double materiality perspective , meaning that companies have to report about how sustainability issues affect their business and about their own impact on people and the environment.
There is ample evidence, however, that the information that companies report is not sufficient. Reports often omit information that investors and other stakeholders think is important. Reported information can be hard to compare from company to company, and users of the information are often unsure whether they can trust it.
SEC Seeks Public Input on Climate Change Disclosures planadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from planadviser.com Daily Mail and Mail on Sunday newspapers.