Kenya Bankers Association’s Post

Addressing deforestation and conversion is the most crucial thing companies can do to meet their climate and nature targets. With the Accountability Framework’s guidance, companies can learn how to make their supply chains fully responsible.   Working with consultancies like South Pole, one of the Accountability Framework initiative (AFi) Delivery Partners, can help you understand where you are, where you need to be, and how to get there.  Read more today, from me and Adrienne Brown, AFi: https://bit.ly/3VERqKu

🔍 #Budget Analysis | Sustainability and Climate Sustainability and climate featured heavily in the 2024-25 Budget. Most significantly for growers, the Government announced the following: ➡️ $68.3 million to support the agriculture and land sectors to address climate change. The details of the funding package were announced at last week’s National Sustainable Agriculture Summit and includes: ➡️ $30.8 million over 4 years to accelerate on-ground action to reduce agriculture and land emissions. ➡️$28.7 million over 10 years (and 0.9 million per year ongoing) to improve greenhouse gas accounting. ➡️ $4.4 million over 10 years for DAFF to become a partner to the Net Zero Emissions Agriculture Cooperative Research Centre. GrainGrowers has been calling for standardised methodologies for greenhouse gas accounting in agriculture and are pleased to see the announcement for targeted funding in this area. See GrainGrowers' positions and analysis below. 📖 Climate Change Policy https://ggl.pub/3WXV9DL 📖 Grains Sustainability Framework https://ggl.pub/4bVK5Lw 📖 Carbon and Cropping Report https://ggl.pub/4bU7q02 📷 Jo Ashworth

We have solutions to climate change risk management.

In a recent Environmental Finance article, Angela Churie Kallhauge, executive vice president of the Environmental Defense Fund, shares why forest carbon markets are on the rebound. 🌎 Scale and support: Jurisdictional programs and approaches are enabling the scaling of this market as well as improving its quality and integrity. 🌳 Strong solution: Forest carbon approaches, especially reduced deforestation, have a strong climate mitigation potential, making them a strong option for companies trying to reach net zero targets. ⭐ Maturing markets: The leading carbon crediting programs are aligning their standards. Market-wide initiatives such as the The Integrity Council for the Voluntary Carbon Market (ICVCM) and VCMI are strengthening quality and integrity on the supply and demand side, respectively. 🌿 Price premiums: Buyers are willing to pay more for high-quality forest credits. 📈 Growing demand: Retirements hit record highs in December 2023 and January 2024, likely due to the convergence of compliance and voluntary carbon markets, along with the implementation of CORSIA in early 2024. Read more: https://bit.ly/4alrCHN #ClimateChange #CarbonCredits #CarbonMarkets

🖐 🌳 Investors to Policymakers: Protect the #EUDR for Resilient Forests and Economies!      📣 VBDO calls on investors committed to responsible and deforestation-free practices, to urge EU policymakers to uphold the integrity and ambition of the European Union Deforestation Regulation (EUDR). This landmark regulation is critical for addressing trade-driven deforestation, which contributes to global climate instability, biodiversity loss, and financial risks.    ⏱ Every minute of delay results in the loss of a football pitch of forest, with cascading effects on ecosystems, economies, and investor confidence. Weakening the EUDR would jeopardise climate and nature goals, destabilise supply chains, drive production costs, and amplify reputational and operational risks for businesses.    ⚖ Solid and predictable regulations like the EUDR are essential for safeguarding natural resources, ensuring long-term economic stability, and protecting investments. We call on the European Commission and Member States to reject the proposed amendments to the EUDR.   💰 Deforestation is not just an environmental crisis—it’s a financial one. Protecting forests means protecting the foundations of resilient economies. We stand ready to support strong, forward-looking policies that benefit all stakeholders.     🤝 Let’s work together for a sustainable and responsible future. #InvestorsForNature #ClimateAction #SustainableFinance #WithNature   Rainforest Foundation Norway, Jasmine Puteri, Ceres, Inc., Storebrand Asset Management

Where are we going with our climate change response? Minister Watts spoke at an FSC event today before joining a panel discussion. 📑💚🔽 What were my key takeaways? ▶ The Government's climate change strategy is based on 5 pillars: 1️⃣ resilient infrastructure & well-prepared communities 2️⃣ clean energy that is available & affordable 3️⃣ nature-based solutions 4️⃣ climate innovation & its economic benefits 5️⃣ credible markets ▶ Energy security, food security, geopolitical uncertainty, & the balance of payments all got mentions. ▶ Pricing carbon is seen by the Government as the most effective way to reduce emissions. ▶ Forestry will remain a key part of the ETS. Land use regulation changes regarding forestry will only occur outside the ETS. ▶ The Government considers it "did not inherit a viable plan" for meeting our emissions reduction budgets. ▶ The Government sees a challenge in ensuring renewable and cleantech investment opportunities are of a large enough size and scope to attract international investment. Other countries are seen as doing better on packaging & selling these opportunities. We need to be "much more commercial at a country level". ▶ There is still a role for Crown capital to support private capital investment coming in to deal with climate challenges. ▶ The Govt sees a role in leadership, moving at pace to bring groups together, and then "get out of the way". ▶ Govt sees it can add leadership on adaptation, bringing together the multiple groups involved in preparing a coherent response to the climate change effects we will experience. ▶ the Minister is seeking advice on a carbon removal credit regime & whether this forms part of the ETS or an extension of the biodiversity credit regime that was consulted on. He expects there to be Govt policy in this space early next year. Thanks to the Minister, the Financial Services Council New Zealand, and the panel Dean Anderson, Helen Skinner, Alec Tang, April Mackenzie. I'll cover the panel's insights on climate reporting tomorrow. #esg #climatechange #climateaction #climatereporting #sustainability

"Forest carbon credits provide the obvious bridge between corporate demand for emissions reductions and nature's need for finance. These purchases could make a significant contribution to providing the $130 billion a year needed to end deforestation." A recent Environmental Finance article shares promising insight into the future of the forest carbon market. (Hint: the future is bright.) Read the full article: https://bit.ly/3yy1604

“Governments must ensure both transparency and that there is an enabling investment environment, and a level playing field for those who work in the right manner” – Jan Erik Saugestad, CEO Storebrand Asset Management, comments on the work with IPDD. 🌳 The Investor Policy Dialogue Deforestation (IPDD) is an investor-led sovereign engagement initiative that aims to halt deforestation in some of the world’s most biodiverse, carbon-absorbing biomes - by engaging with government-related authorities and associations, industry and trade bodies, and other stakeholders. 🌳 Deforestation is more than an environmental issue. It sits at the heart of #climate, #biodiversity and #food and #water security, and it is also an economic concern. It presents both physical and regulatory risks, and poses an ever-growing financial risk to investors, corporates and governments. 🌳 Financial institutions have a fiduciary duty to act in the best long-term interests of beneficiaries, and investors recognise the crucial role that tropical forests and other types of natural vegetation play in tackling climate change, protecting biodiversity, and delivering ecosystem services. 🌳 IPDD is a global initiative made-up of 81 institutional investors from 21 countries - with a collective AUM of USD $10.5 trillion. The initiative consists of 3 working groups - Brazil, Indonesia and Consumer Countries (EU, UK, USA) - and is supported by the Tropical Forest Alliance as the secretariat. Find out more: https://lnkd.in/eHF-VGVU #sustainability #COP16 #nature #deforestation #climate #assetmanagement

Know the difference... afforestation vs deforestation 🌳 Find out more in our 'Sustainability Glossary', your handy guide to understanding the words, terms and governance surrounding sustainability. 📝 Download the guide: https://lnkd.in/eSrZY9ZA #Sustainability #Afforestation #Deforestation #Governance

#latestactivities Project Drawdown: impact on sustainable agriculture and economic equality The need for sustainable development and climate action has never been more urgent, with global goals emphasizing environmental protection, economic equality, and the future of our planet. Project Drawdown is at the forefront of this mission, providing science-based solutions to reduce greenhouse gas concentrations and tackle climate change. As a non-profit organisation, it leverages a network of scientists, researchers, and leaders across industries to foster real-world, actionable strategies that address the pressing challenge of climate change. Understanding the impact of Project Drawdown Project Drawdown is renowned for identifying and promoting 93 technologies and practices that, if widely implemented, could dramatically lower global greenhouse gas emissions. These solutions range from renewable energy systems to sustainable agricultural practices, offering a broad spectrum of ways to mitigate the climate crisis. According to the organisation, the food, agriculture, and land-use sectors alone account for 22–33% of global emissions. This highlights how interconnected human activities are with the environment and underscores the need for sustainable practices across all sectors. By advancing scientific research, Project Drawdown pinpoints key strategies for mitigating emissions. One such strategy is enhancing soil health through regenerative farming, which captures carbon from the atmosphere and stores it in the ground. This process not only sequesters carbon but also revitalises ecosystems, aligning with broader goals of environmental protection. Furthermore, the organisation promotes changes in industrial practices and advocates for policy shifts that support large-scale adoption of these sustainable solutions. Case studies and real-world initiatives Among the real-world initiatives spearheaded by Project Drawdown is its focus on transforming the global food system. This sector, often overlooked in discussions about climate change, presents vast opportunities for impact. Through the Drawdown Food initiative, Project Drawdown collaborates with businesses, policymakers, and investors to identify areas where sustainable agricultural practices can be scaled up. The initiative encourages reductions in food waste, promotes plant-based diets, and explores land restoration projects, all contributing to lower emissions and greater sustainability. (…) Full article here: https://lnkd.in/gm_UnehK Project Drawdown Elizabeth Bagley Skylar Knight #globalsociety #globalgoals #civilcociety #SDG #ProjectDrawdown #SustainableAgriculture #ClimateActionNow #EconomicEquality #RegenerativeFarming