📢 The Sustainable Finance Institute is thrilled to announce the release of the English version of its Guide on How to assess carbon performance of companies. 💬 As Perrier Yves, President of the Sustainable Finance Institute, states: "The primary mission of the financial sector in implementing the ecological transition is to allocate capital in line with the transition objectives. For this allocation to be relevant, it is essential to have a common reference framework." This guide provides a clear, comprehensive framework for evaluating companies’ performance in the carbon transition. 🔍 Created with the expertise of the Paris financial ecosystem, including Perrier Yves and Philippe Setbon, Chairman of the AFG, the guide offers a set of analytical approaches. These approaches help assess: 🔹Companies’ carbon performance, based on their past results and benchmarked against peers; 🔹The robustness of companies’ transition plan, including the ambition of their commitment pathway, financial resources committed, and delivery capacities; 🔹The governance mechanisms in place to guide companies’ carbon transition. Discover the guide here 👉https://lnkd.in/eEmzsptw
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While the introduction of a sustainable finance regulatory framework has been a significant step forward in support of the objectives of the European Green Deal, in view of the critical targets at hand, it is imperative to take stock of the extent to which capital flows are indeed being redirected towards sustainable investments. To this end, on 4 April 2024, the EU Platform on Sustainable Finance published a progress report on monitoring capital flows to sustainable investments. Read more: https://lnkd.in/dRxT8N2v #sustainablefinance #sustainableinvestments #esg Louisa Firman Malcolm Falzon
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AFME has published a new paper, setting out priorities for sustainable finance in the UK. We welcome the government’s plans to deliver green growth and make the UK a leading centre for green finance. Financial institutions have an important role to play in providing and facilitating the financing needed to support companies as they decarbonise. We believe that the government should prioritise: 👉 the endorsement and consultation on the adoption of UK Sustainability Reporting Standards aligned with the standards developed by the International Sustainability Standards Board (ISSB); 👉consulting on the adoption of transition plan disclosures for listed and unlisted companies; and 👉following up on the recommendations of the Transition Finance Market Review to facilitate transition finance. Access the paper here: https://bit.ly/4faBFSS
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🌱 Understanding Transition Finance: The Missing Link in Our Sustainable Future Following the EU's recent guidance on transition finance, I've been reflecting deeply on a crucial distinction in sustainable finance. While green finance supports what's already environmentally friendly, transition finance tackles something equally vital: funding the journey of companies actively working to reduce their environmental impact over time. This distinction is transformative for our approach to sustainability. The EU's framework makes a compelling point: Sustainable finance isn't binary. It encompasses both financing what's already green AND supporting those transitioning toward environmental sustainability. This is particularly crucial for companies that need to implement changes step-by-step - whether they're reducing greenhouse gas emissions or minimizing other environmental impacts. The urgency is clear: To achieve the EU's target of 55% emissions reduction by 2030, we need both types of financing. The Commission's June 13, 2023 recommendations highlight how companies can leverage EU sustainable finance tools to either seek or provide transition finance. What's particularly innovative about this approach: - It supports companies at different starting points - It provides proportionate solutions for smaller companies - It recognizes that sustainability is a journey, not just a destination #SustainableFinance #TransitionFinance #ESG #EUGreenDeal #ClimateAction #CorporateSustainability Thoughts on how your organization is approaching transition finance? Let's discuss in the comments.
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Interesting proposal from the EU Platform for Sustainable Finance: They recommends categorising products with the following sustainability strategies: “Sustainable: Contributions through taxonomy‑aligned investments or sustainable investments with no significant harmful activities or assets based on a more concise definition consistent with the taxonomy Transition: Investments or portfolios supporting the transition to net zero and a sustainable economy, avoiding carbon lock‑ins, per the Commission's recommendations on facilitating financing for the transition to a sustainable economy ESG collection: excluding significantly harmful investments / activities, investing in assets with better environmental and/or social criteria or applying various sustainability features”
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Founder & Managing Director at SUST4IN, Lecturer, Lead Researcher. Director-level executive & entrepreneur with 25+ years' experience in sustainability in 30 countries. BSc Eng, MSc Eng, MBA, IFRS FSA. Always learning.
The Draghi report is very interesting and ambitious, but I can only agree with Eurosif - The European Sustainable Investment Forum's position. It is indeed not easy to comply with the #CSRD and its #ESRS or the #CSDDD, but a) some "experts" are overcomplicating the process, b) sustainability departments were already understaffed before CSRD and, more importantly, c) investors (plus employees, consumers and society in general) need more and better information to reduce #greenwashing and make better decisions. Further to that the report is really good on #decarbonization (even if asking for less "burden" on emissions reporting), but completely misses the urgent need for #ClimateAdaptation, not to mention its economicist view of the world...
📢 Sustainable finance is key for scaling up EU investments 📄 The recently published report by Mario Draghi, the former Italian Prime Minister, emphasises the urgent need for Europe to boost its economic growth and competitiveness. The report also highlights that decarbonisation is essential in reaching these objectives. 📈 To achieve this, the report provides a clear picture of the current EU investment gap, estimated at up to €800 billion annually. A massive leverage of private investments is needed to fill this gap. ⚠ While the report provides some useful recommendations on the Capital Markets Union (#CMU), Eurosif strongly disagrees with how it presents EU sustainable corporate reporting and due diligence rules as “regulatory burdens”. This disregards their essential role in advancing industrial decarbonisation and scaling up investments for the transition to a sustainable economy. 🔍 The Corporate Sustainability Reporting Directive (#CSRD) and European Sustainability Reporting Standards (#ESRS) are essential for investors to make informed investment decisions and key drivers of investments towards decarbonisation. ⚖ The Corporate Sustainability Due Diligence Directive (#CSDDD) is vital in ensuring the largest companies set and implement decarbonisation transition plans, including climate targets, as well as to manage their environmental risks and prevent human rights breaches. 🌱 While Eurosif supports clarity, consistency and usability of EU sustainable finance rules, streamlining must not result in deregulation. Directives such as the CSRD and CSDDD must be preserved and duly implemented for the EU to meet its climate targets and scale-up its sustainable growth. 🔗Find Eurosif’s positions on CSRD/ESRS here: https://lnkd.in/e2NfZwx4 🔗Find Eurosif’s positions on CSDDD here: https://lnkd.in/eidSYJ8f 🔗 Find the full version of the #Draghireport here: https://lnkd.in/dc9rGXvw
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Innovating in financial services to help solve the conundrum of sustainability | Global Head: Product, Sales, Marketing ★ Driving Innovation & Revenue Growth ★ Expertise Strategy, Commercialisation & GTM ★ Leadership
Disclosure of corporate sustainable finance is likely to increase as regulation evolves and sustainability reporting frameworks are adopted around the world. The EU’s Sustainable Finance Disclosure Regulation, for example, has introduced stricter disclosure requirements on sustainable investments. Read the full research, featured in the latest S&P Global #SustainabilityQuarterly https://okt.to/JyScvQ
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The Rise of Sustainable Finance In recent years, the financial world has witnessed a significant shift towards sustainability and responsible investing. As we move further into 2024, several key developments are shaping the landscape of sustainable finance, creating new opportunities for investors and businesses alike. Leave a comment Photo by Mika Baumeister on Unsplash Core Carbon Principles: A Game-Changer for Carbon Markets On June 6, 2024, the Integrity Council for the Voluntary Carbon Markets
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Disclosure of corporate sustainable finance is likely to increase as regulation evolves and sustainability reporting frameworks are adopted around the world. The EU’s Sustainable Finance Disclosure Regulation, for example, has introduced stricter disclosure requirements on sustainable investments. Read the full research, featured in the latest S&P Global #SustainabilityQuarterly https://okt.to/vj8Ftm
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Disclosure of corporate sustainable finance is likely to increase as regulation evolves and sustainability reporting frameworks are adopted around the world. The EU’s Sustainable Finance Disclosure Regulation, for example, has introduced stricter disclosure requirements on sustainable investments. Read the full research, featured in the latest S&P Global #SustainabilityQuarterly https://okt.to/YosDZC
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Disclosure of corporate sustainable finance is likely to increase as regulation evolves and sustainability reporting frameworks are adopted around the world. The EU’s Sustainable Finance Disclosure Regulation, for example, has introduced stricter disclosure requirements on sustainable investments. Read the full research, featured in the latest S&P Global #SustainabilityQuarterly https://okt.to/Ffegys
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