Adrian Johnson
TLDR:
- European legal battles are leading to improved corporate climate accounting
- Climate Action 100+ defends its updated approach after big name departures
European legal battles are pushing companies to improve their climate accounting practices. Companies are facing pressure to accurately report their emissions and climate-related risks due to increasing legal scrutiny. Climate Action 100+ has recently defended its updated approach to climate engagement after losing three major signatories.
Key Elements:
European legal battles are forcing companies to enhance their climate accounting practices. Companies are facing increased pressure to accurately report their emissions and climate-related risks due to heightened legal scrutiny. This push for transparency is driving improvements in corporate climate accounting across Europe.
Climate Action 100+ has defended its updated approach to climate engagement following the departure of some key signatories. The initiative remains committed to engaging with companies on their climate commitments and ensuring accountability in corporate climate actions.
Additionally, nature-based solutions are gaining importance in offsetting principles, with updated guidelines emphasizing the role of nature in carbon markets. This shift towards nature-based solutions is seen as a way to improve credibility in voluntary carbon markets and address biodiversity concerns.
Recent Developments:
Apax signs its first climate-focused deal from a $900 million impact fund, highlighting the growing interest in sustainable investments. The deal showcases the potential for impact investing to drive positive environmental outcomes while generating financial returns.
S&P Dow Jones Indices has launched two biodiversity benchmarks to track equities within the S&P 500 and S&P Global LargeMidCap indices. This move reflects the increasing focus on biodiversity considerations in investment decision-making.
Federated Hermes leads a $25 million funding round in a Singapore compliance platform, signaling continued investor support for sustainable finance initiatives. The investment demonstrates the growing importance of compliance and data transparency in ESG investing.
