Post by sweetpea33 on Jan 29, 2024 3:23:55 GMT
Economics classes. A review of "Principles of Economics," said to be the world’s most widely used economics textbook and a prototype for many others, found no mention of 11 key terms, including "biosphere," "climate change," "ecosystem" or "greenhouse gas." Follow the money Still, financial professionals are beginning to take note. In January, four asset managers — AXA Investment Managers, BNP Paribas Asset Management, Sycomore Asset Management and Mirova — asked investors to increase their focus on biodiversity preservation. To date, most environmental ESG data has focused largely on climate change. They believe that’s too narrow of a view.
The asset managers said they seek ways to measure the impact of companies on biodiversity — and vice versa — and to incorporate this into corporate ESG data. Measuring the impact of Email List companies on biodiversity has long vexed investors and others. Unlike climate change, for which there are such cross-sectoral metrics as "CO2 equivalent," there’s no standard measurement for biodiversity. Several have been proposed — species abundance per square kilometer, for example — but none has yet enabled consistently comparing companies’ impacts, let alone across sectors and borders.
That may be changing. This fall, a Task Force on Nature-related Financial Disclosures (TNFD) was formed to "help financial institutions shift finance from destructive activities and toward nature-based solutions," in the words of United Nations Secretary-General António Guterres. Based on the success of the Task Force on Climate-related Financial Disclosures, the new working group includes a global consortium of financial institutions.
The asset managers said they seek ways to measure the impact of companies on biodiversity — and vice versa — and to incorporate this into corporate ESG data. Measuring the impact of Email List companies on biodiversity has long vexed investors and others. Unlike climate change, for which there are such cross-sectoral metrics as "CO2 equivalent," there’s no standard measurement for biodiversity. Several have been proposed — species abundance per square kilometer, for example — but none has yet enabled consistently comparing companies’ impacts, let alone across sectors and borders.
That may be changing. This fall, a Task Force on Nature-related Financial Disclosures (TNFD) was formed to "help financial institutions shift finance from destructive activities and toward nature-based solutions," in the words of United Nations Secretary-General António Guterres. Based on the success of the Task Force on Climate-related Financial Disclosures, the new working group includes a global consortium of financial institutions.