Chronos Sustainability

Last week KFC UK & Ireland came under fire for backtracking on its commitment to phase out #frankenchickens by 2026. But that is not only a problem for KFC… Our animal welfare lead Nathan Rhys Williams explores the slow growth of slower-growing chickens, and why food companies in the UK food are struggling to fulfil a critical part of the European Chicken Commitment. https://lnkd.in/eMuinWYX Nathan Rhys Williams, Barbara Romanowicz, Nicky Amos, Katherine Button, #animalwelfare, #sustainability

It is great to see that (a) the Spring (the Principles for Responsible Investment's stewardship initiative on nature) has responsible political engagement (lobbying) as one of its three key areas of focus, and (b) the assessment framework builds on the Global Standard on Corporate Climate Lobbying. The Global Standard, launched in 2022, was developed by AP7, BNP Paribas Asset Management and the Church of England Pensions Board, in a process supported by Chronos Sustainability, InfluenceMap and the The London School of Economics and Political Science (LSE). It was advised by the Principles for Responsible Investment (PRI), the Institutional Investors Group on Climate Change (IIGCC), Ceres, Inc., the Asia Investor Group on Climate Change (AIGCC) and the Investor Group on Climate Change (IGCC). Adam Kanzer, Rachel Crossley, Clare Richards, Adam Matthews, Charlotta Dawidowski Sydstrand, Johan Florén, Rory Sullivan, Robert Black, Chup Priovashini, Richard Perkins See https://lnkd.in/eePyRsnX

  Sovereign bonds are a huge part of most institutional investors’ portfolios, so having robust and comparable data on how countries are managing their #climate transition, physical and social risks is a critical part of building sustainable financial markets.   Enter ASCOR, which last month published its ‘State of Transition in Sovereigns 2024’ report – reviewing the climate performance of 70 countries, accounting for more than 85% of global GHG emissions.   Chronos Sustainability was delighted to support ASCOR in this work, and you can read the thoughts of our CEO Rory Sullivan on how investors can use ASCOR data in their decision-making, and as part of informed dialogue with sovereign bond issuers. 👇   https://lnkd.in/e_K66cFf   David Russell, Robert Black, Carmen Nuzzo, Adam Matthews, Transition Pathway Initiative (TPI), Grantham Research Institute on Climate Change & the Environment, Antonina Scheer, Victoria Barron, Claudia Gollmeier, Esther Law,

Our CEO, Rory Sullivan, was one of the judges for the human rights category of the 2024 Principles for Responsible Investment awards. https://lnkd.in/ecB3rwVk

⏱️ 24 hours to go ⏱️ 🌎 Please join Chronos Sustainability’s expert Biodiversity and Nature team for a free webinar: ‘Nature Risks and Opportunities: How to assess and prioritize’.    🗓️ Time: Tuesday 3rd December at 14.00 GMT.   👉 Register here: https://lnkd.in/eKyDcUZi 🦜 Look before you LEAP: The team will offer practical advice on how to identify and prioritize the areas where your organisation is most dependent on nature, and where nature loss might have the biggest impact on business. This will include our recent lessons learned from applying initial stages of TNFD’s LEAP (Locate, Evaluate, Assess, Prepare) approach with companies and financial institutions. 📈 Advice for investors and companies: The webinar will help companies and investors to assess the risks and opportunities that nature loss may pose across sectors, for example by helping them to prioritise across different commodities and geographies.    The webinar will answer common questions such as:    >> What does assessing and prioritizing nature-related risks and opportunities involve?  >> What tools and datasets are available? >> What data are needed and how can we overcome data gaps?   👉 Register now: https://lnkd.in/eKyDcUZi

For those who were there (and those who weren't), the Sustainability Rocks team has curated a great video of the events. See how many people you can recognise. We were delighted to be able to play a small part in making this happen. Chronos Sustainability, Rory Sullivan, Nicky Amos, Elliot Frankal, Robert Black, Chup Priovashini, Cora Buentjen, Aisling Eyers, Gemma James, Anna Hattam, Fatima Husain, Nathan Rhys Williams, Amanda Williams, Will Oulton, Chris Hall, Lucy Fitzgeorge-Parker, Lorenzo Saa, Sarah Wilson FRSA, Maria Nazarova-Doyle, CFA, Martina Macpherson, James Phare, Sudip Hazra, Elena Zharikova https://lnkd.in/eBzNK8i4

We have worked with and supported the investor-led ASCOR project since its inception in 2021. This week, ASCOR published a landmark assessment of 70 countries’ climate policies and ambitions. These countries represent 85% of global greenhouse gas emissions, 90% of global GDP and 100% of three main sovereign bond market indices. This means that investors can now systematically integrate integrate climate considerations into their decision-making on sovereign bond investments. The results from the assessment are sobering: no country has a 2030 NDC target ambitious enough to align with their 1.5°C benchmark and only 16% of countries have a transparent and credible commitment to phase out fossil fuel subsidies.  More encouragingly, 80% of the assessed countries have a net zero target, with some targeting net zero before 2050, and over half have established a legal framework for national climate policy. Given the focus on COP29 on finance, it is also striking that only one third of developing countries have been transparent about the costs of essential climate mitigation and adaptation, data that are essential to quantify and prioritise the scale of public and private finance needed to effectively respond to climate change. Congratulations to all those involved including the report authors (Antonina Scheer, Camila Cristancho, Simon Dietz, Setenay Hızlıok, Johannes Honneth, Sylvan Lutz, Giorgia Monsignori, Carmen Nuzzo and Rory Sullivan), and the ASCOR Co-chairs (Adam Matthews, Victoria Barron, Esther Law, Claudia Gollmeier). Transition Pathway Initiative (TPI) , Grantham Research Institute on Climate Change & the Environment, Asia Investor Group on Climate Change (AIGCC), Institutional Investors Group on Climate Change (IIGCC), Principles for Responsible Investment, Ceres, Inc., AOA, Investor Group on Climate Change (IGCC), Chronos Sustainability https://lnkd.in/eha3cWDP

Our team – Rory Sullivan, Aisling Eyers and Cora Buentjen - were delighted to join delegates at Sustainable Finance Week Ireland 2024 to present and discuss the findings of two major projects commissioned by ISFCOE - International Sustainable Finance Centre of Excellence and Skillnet Ireland: 1. Enhancing Ireland's Impact Investing Ecosystem which analyses Ireland's impact investing ecosystem, identifies key players, assesses how impact is measured, and addresses the barriers and opportunities for growth in this critical area. 2. Integrating Social, Gender and Inclusive Finance in Investment Practice, which reviews how Irish investment institutions currently account for gender equality in their investment processes, and how progress might be accelerated. The full result and insights will be released in the coming weeks. Thank you to the ISFCOE - International Sustainable Finance Centre of Excellence team for their support for and contribution to these projects: Radhika Sharma, Stephen Nolan, Gillian Power, Colette Coogan Also a big thank you to everyone who participated in the Sustainable Finance Week Ireland events, including: Gerard Wynne, Niall O'Leary, Brendan Mannix, Emma Jane Joyce, Deirdre Lane, Mario Vottero, Cathy Bryce, Andrew Bowley, Aisling McCaffrey ACA, Sarah Thompson, Zara Hussey

Three insights from the excellent panel discussion chaired by Chronos Sustainability's Rory Sullivan and featuring David Russell, Sonja Laud (Schemmann), Mark Hill and Naomi Clark at the recent Responsible Asset Owners Global Symposia (RAOGlobal.org) event in London: 1. By making and communicating net zero commitments, asset owners send clear, unambiguous to their asset managers and advisers about the investment products and investment outcomes they want to see. 2. Large asset owners cannot divest their way out of systemic risks such as climate change. 3. An effective transition requires asset owners and asset managers to work constructively and proactively with high impact sectors. https://lnkd.in/ecBFW3iC

📢 Judges Announcement: Meet our judges for the QS ImpACT Community Biodiversity Protection Award 2024! 🌍📚 🇬🇧 Gemma James, Head of Biodiversity & Nature, Chronos Sustainability 🇺🇸 Dr. Iqbal Bhalla, Post-Doctoral Researcher, University of Saskatchewan Protecting biodiversity is crucial for sustaining ecosystems and communities. We are thrilled to see young leaders worldwide addressing local biodiversity challenges, and look forward to celebrating the most impactful initiative from the applications received. 🔗 Stay tuned for updates and join us in recognising the winners in London on 10th December: https://lnkd.in/duxC356k #QSImpACT #MakeAnImpACT #QSIAwards2024 #YouthImpact #WomenLeadership #ClimateAction #YouthAwards #London #SDGs #LondonEvents #SustainableDevelopmentGoals