Gina Gambetta
Responsible Investor looks at the key trends for next year in the nature finance space.
Decision made in light of changing regulatory disclosure requirements and feedback from signatories.
Financial institutions will only be required to conduct due diligence on their own operations but will have to implement 'robust' transition plans.
'Too early to say' whether guidance on placeholder indicators will be issued in next two years, technical director Emily McKenzie tells RI.
Investors supportive of the PRI 'not reinventing the wheel' by leveraging the existing WBA social transformation framework to track company progress for its human rights initiative.
Report seeks 'as much synergy as possible' with the approach and methodologies of NGFS scenarios developed to assess climate-related risks.
In response to feedback, initiative has reviewed requirements to report on supply chain impacts and state of biodiversity 'to ease the reporting challenge'.
Guy's & St Thomas' Foundation working on air pollution corporate benchmark to address 'blind spot' for investors.
Investors praise private sector announcements and discussions on transition plans and nature, but credibility concerns remain over fossil fuels.
EBRD also planning to publish nature approach in the UAE regarding action on nature protection, investment and disclosure.