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G20 Document Puts Climate Finance Onus on Companies
March 28, 2017
Bloomberg reports that a preliminary statement for a recent meeting of Group of 20 (G20) finance ministers removed references to government financial support for achieving the greenhouse gas emissions reduction goals set out in the UN's 2015 Paris deal in favor of private funding through multilateral development banks to reach the targets.
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Consultant: "Carbon Finance" Contributes to SDGs
March 28, 2017
Ben Massie of the consulting company Natural Capital Partners calls on businesses to contribute to "carbon finance," or the practice of buying credits from projects that deliver a reduction in greenhouse gas emissions, to combat climate change and contribute to the UN Sustainable Development Goals (SDGs).
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Australian Regulator Signals Financial Climate Testing
March 28, 2017
In testimony before an Australian Senate Committee, Executive Board member of the Australian Prudential Regulation Authority Geoff Summerhayes indicated his agency may require financial institutions to test climate change scenarios to ensure their investments can withstand the impacts of the phenomenon, and to disclose the results of this testing.
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Study: Investors Lack Tools to Monitor "Social" Impacts
March 27, 2017
Casey O’Connor and Sarah Labowitz of the NYU Stern Center on Business and Human Rights have released a study arguing that businesses must release more information on the social impacts of their operations in order to better inform investors on their efforts toward improved environmental, social, and governance (ESG) outcomes.
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Report: US Immigration Policy Will Pose BHR Risks
March 27, 2017
A new report by global risk analyst Verisk Maplecroft analyzing threats to business and human rights (BHR) contends that the Trump Administration’s immigration policies could endanger the human rights of undocumented immigrants and will increase the need for strong "human rights due diligence" efforts to ensure BHR-compliant sourcing of products and services.
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