Worth your time.....

Energy demand continues to increase but the transition of energy generation from fossil fuels to renewable does not seem to get market support. In fact there is a segment that is betting against it! How some Hedge fund managers are playing dice with our present & future?

Energy Transition, when? Look towards China.

GARP's Global Survey of Nature Risk Management at Financial Firms is out! Webcast presented by Jo Paisley and Maxine Nelson provide great details on 'How much more that needs to be done'.
Nature Loss Impacts us directly and our economies, so how well are we measuring, managing and reducing Nature loss across five drivers? And, How are we managing Nature related financial risks?

The Guidelines apply to NZBA member Banks and Principles for Responsible Banking members
that have selected climate mitigation as one of their priority impact areas. Guidelines will be reviewed at least every three years, and sooner when required.

Regardless of where you start, the disclosure requirements of the entity reporting on Climate requirements should eventually meet standard interoperability and hence a guidance is a must. Starting from high level to down to detail low level. There are general requirements and then specific ones e.g. climate related requirements. The interoperability guidance is aimed at increasing efficiency for entities to report under whatever set of standard is required to be met so that the Entity's business can then start focusing on managing what is reported and improving the business to become long term sustainable as well as reducing negative impact on climate, environment and society. That's why when it comes to reporting for your business, currently there is a pic and choose instead of it being mandatory when it comes to Sustainability, Climate impact, Environment, Nature and Human rights. We will continue to see increase or decrease in focus, attention, detail and data requirements from reporting/disclosure frameworks as we progress towards 2030, the world has to address the triple planetary crisis of Climate Change, Nature Loss and Pollution - the businesses have a strong role to play, specially if a business is itself extractive or funds extractive business operations..

Between 28-30 April 2024, the G7 Climate, Energy and Environment ministers met in Turin (current presidency sits with Italy),. At the end of the working sessions they adopted a Joint Declaration that gives a precise follow-up to the goals agreed at COP 28. It sends a clear message to others, particularly the major economies, on the level of commitment that is needed to adequately address the challenge of climate change. so what are top message from their meet up ?

How is Climate change treating you & what is your choice of words and actions on this Earth Day?

Paper published in 'Journal of Digital Banking Vol. 6, 1' by Henry Stewart Publications

What is the internal view of your organisation when it comes to climate change? Do you clearly understand your role and participation in the industry wide narrative? Using ESG how can you create right corporate climate Advocacy ? Does your organisation clearly articulates metamorphic nature of ESG? Use this framework for organisation wide learning and clarity of purpose.

Comparing IFRS S2 Climate-related Disclosures with the TCFD Recommendations

Basic 10 steps on why you need Scope 1, 2, 3 emissions measured and how it relates to accounting

Managing Climate Risk impacts on financial services/ banks is not an easy piece of work however the ground work has already been done and here are the best practices for setting up your house in order. Eventually firms should have a larger landscape of ESG ready to facilitate and absorb all larger and smaller nuances of impacts of Climate risks, its identification assessment, mitigation and adaptation plans. How are you going about it in your firm? please do share

I was reading on disclosure framework of environmentally sustainable activities and wanted to write about on a picky topic of ‘whether Nuclear power or Natural Gas should be considered environmentally sustainable’. My friends in Natural resources and Energy sector must be spending a lot of time debugging the business strategy to achieve Net Zero and a safe transition plan or mechanism to reduce the impact of climate risk. I know it’s a complex issue but my intention is to keep it simple, let me know what you think and what is your view? Do you find EU taxonomy helpful?

What is the interrelationship between different models when it comes to Climate risk modelling? A simple view of Climate risk modelling

Whether central bank policy interventions, such as quantitative easing (QE), inadvertently support high-carbon industries ? 🤔 I think its a subject of debate among economists, policymakers, and environmental advocates - read on, and do share - What are your challenges in managing impacts of climate change?

‘Follow This’ are using the Very system to change 'The System' and it does feel like finally we are hacking capitalism! Read on to understand how filing AGM resolutions are spearheading the change we want to see.

A big milestone in your transition journey is how your firm will get to the carbon accounting bit, specially when you are in capital markets facilitator role where the GHG is not sitting on your balance sheet but you are still accountable for scope 3. here is a deep dive for you.

Fair warning - The transition to net zero is going to start feeling like a cost and a burden. To the recipients of unfavorable change 'Transition to Net Zero' will not look like a positive vision of a green future.
What can we learn and understand before many more such headlines hit us?

Identifying and Assessing Material ESG Risks in Banks: A Systematic Plan for integration with CRR3 (Capital requirements regulation)

Fossil fuel subsidies are a country by country game and they can not be looked in isolation of achieving transition, what lies beneath is a bigger opportunity of how to finance a world where it becomes easy to remove such dependency and robust mechanism to move on to renewable energy projects.