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At COP29 Azerbaijan with AIA Group ESG and Sustainable Investment team. As the largest pan-Asian life and health insurer, our mission at COPs has always been to: #Contribute: bring our perspectives and tangible actions from AIA such as validating our SBTi targets, publishing our Climate Transition Plan at COP28, and now announcing AIA's partnership with Monetary Authority of Singapore (MAS), BlackRock, IFC - International Finance Corporation, and others to unlock investment opportunities in decarbonisation in Asia to inspire others to go further in climate action   #Connect: with old and new partners and with one another in pursuit of our common sustainability goals and; drive #Collectiveaction – listen and learn from others to accelerate progress on climate mitigation and adaptation Being here reinforces the critical need to step up climate action urgently – 2024 is set to be the first year above 1.5C of global warming, and the cost of inaction is high. In this week, we will be equipping ourselves with the knowledge and alliances needed to make meaningful progress towards our collective goals. #COP29 #Sustainability #ClimateAction #NetZero #ESG Nisheeth Srivastava Adytya Reuben Halder Duncan L. Chi ZHANG Cameron Bretnall AIA #healthierlongerbetterlives

“Making peace with nature” at COP16 Oh to be in #Colombia now that #COP16 is there. Amongst the record 14,000 attending this biodiversity summit – twin to the climate series, and more important for finance think a growing number of asset managers, bankers and insurers – JPMorganChase and Standard Chartered will be represented for the first time, alongside regulars such as Bank of America, Citi, Deutsche Bank and HSBC. According to Astrid Schomaker, executive secretary of the UN Convention on Biological Diversity, more than 100 government ministers and several heads of state will join too, from almost 200 countries. Susana Muhamad, President of COP16 and Colombia’s environment minister. The summit’s goal, she says, according to Bloomberg, is to “make peace with nature.” In practical terms, that means assessing and advancing nations’ progress on their efforts to implement the landmark 2022 Global Biodiversity Framework signed at COP15 in Montreal, with targets ranging from protecting 30% of the globe’s land and sea, to halving food waste, to slashing use of harmful chemicals. Watch this space. Pic of Colombian rainforest courtesy Landed Travel.

As we approach one of the most anticipated events related to climate change i.e. COP29 Azerbaijan, it is important to recall key outcomes of COP28 UAE and forward looking agenda of COP29 #COP28, key outcomes were: A- Transition away from fossil fuels in an orderly manner: first time this term appeared in COP's formal outcome since UN climate negotiations began 30 yrs. ago . B- Cutting methane emissions in this decade. C- Operationalization of loss and damage funds & its funding arrangements: till the end of December 2023, approx. USD 700 million has been pledged by several countries. D- Supporting climate finance frameworks and scaling up the finance available for transition and adaptation. E- Food came into the menu: Countries should include resilient food system, and climate action, committing to integrate food and food systems into their NDCs by 2025. What should be viewed next in #COP29: A- Countries commitment in terms of strong targets in their NDCs related to transitioning away from fossil fuel. B- Policies and implementation plan to be in place so as loss and damage fund can be utilized; world bank also will have a say over it. C- Addressing the elements of #NCQG: New collective qualitative goal: adaptation of a new climate finance goal, would be interesting to look into the NDCs of developed economies. D- Carbon markets negotiations over integrity concerns to continue. E- Sustainable agriculture: countries should come prepared with their NDCs in COP29, COP30. There is much to anticipate in the realm of sustainability as COP29 approaches. Please remain attentive for forthcoming updates. #ESG #sustainability BSI #UNFCCC UN Climate Change

#SMEs are the backbone of our global economy and a critical force in building a healthy planet. COP29’s ambition is unreachable without the power of SMEs, and #ClimateProofingSMEs is here to ensure that small and medium-sized businesses are empowered to lead the way. #ClimateProofingSMEs elevates the role of SMEs in the journey to a resilient, net-zero future. By bringing together global and local organizations, it creates a connected supporting ecosystem for SMEs to tackle systemic barriers and build their capacity to not only survive but shape the pathway and thrive as a result of the green transition. CDP is stepping up our efforts to better support and empower SMEs across major and emerging markets and has launched a dedicated SME questionnaire in 2024, making it easier for small businesses to understand their climate impact, identify focus areas, and act. In our last cycle, more than 12,500 SMEs disclosed through CDP, creating more robust data that will drive informed decision-making, financing, and action to keep 1.5°C alive. CDP is supporting this campaign and welcoming the leadership of Nigar Arpadarai, UN Climate Change High-Level Champion for #COP29. Read more: https://lnkd.in/eeBxDgc2 #SME #SustainableBusiness #GreenEconomy

AICB, in collaboration with our longstanding Ethical Finance ASEAN partner, the Global Ethical Finance Initiative (GEFI), is pleased to bring you the Pre-COP16 (Biodiversity) / COP29 (Climate) Briefing session, which is the first of two webinars to discuss climate and nature crises within the contexts of COP16 (biodiversity) and COP29 (climate). Join the following knowledge partners from Planet Tracker (COP16) and Carbon Tracker Initiative (COP29), as well as COP experts from the finance sector, who will discuss what to expect from COP16 and COP29 and review the key outcomes of these pivotal events: 🔹David Sheasby, Head of Stewardship, Sustainability and Impact, Martin Currie 🔹John Willis, Director of Research, Planet Tracker 🔹Richard Folland, Head of Policy and Engagement, Carbon Tracker Initiative 🔹Vijay Bains, Group Chief Sustainability Officer, Emirates NBD Register now to gain valuable perspectives and prepare for the significant developments ahead in biodiversity and climate action: https://lnkd.in/gY2ffrt7 #AICB #GEFI #InsightsSeries #COP16 #COP29 #climate #biodiversity

🌍 COP29 Azerbaijan: will we see transition from pledges to action amid controversy? 🌡️Global average temperatures across the year are on track to end up more than 1.5C above pre-industrial levels (1850-1900), which would make 2024 the first calendar year to breach this symbolic mark, according to data from the European Copernicus Climate Change Service.* 💸COP29, dubbed the ‘Finance COP,’ has opened with complex debates around the legitimacy of the host state, human rights, and conflicts of interest. Additionally, there is a call to action from developing nations to developed nations, urging them to "pick up the bill" - estimated to to min. $1 trillion, using public and private money. Despite of these factors, one thing remains clear: investors need robust, data-driven tools to manage the evolving climate & biodiversity risk landscape. With climate pledges now facing the critical test of willingness to implement and finance, this complex and ambiguous moment demands vigilance and transparency. Key takeaways from our latest insights here: https://lnkd.in/drGjGWhX 🌱 Beyond climate – biodiversity and beyond: Investors need access to objective data that goes beyond climate risks, covering biodiversity, regulatory shifts, and other dynamic ESG factors. 💸 The role of private capital: Governmental action is necessary, but private capital must also mobilize to create sustainable change. Financial tools that help clarify where capital flows can support the transition are crucial. 🚀 Resilience amid policy uncertainty: The transition to a low-carbon economy continues, despite headwinds like potential cuts in federal green funding under the next U.S. administration. The direction is set—there’s no turning back. Perhaps a different wrapping and approach can still lead to important progress. #COP29 #ClimateFinance #ESG #DataDriven

Dr Siobhan McQuaid has recently returned from COP16, the UN Conference on Biodiversity that was held in Cali, Columbia. Dr McQuaid works in the Trinity Business School and is the Principal Investigator on GoNaturePositive!, an EU funded research project with 18 partners across Europe and Columbia working together on accelerating the move to a nature-positive economy. Dr McQuaid's experience was published in an opinion piece over the weekend and here are her three main takeaways from the conference: 1. Relationship between climate change and nature: Essentially, nature holds a potent solution for climate change. So-called nature-based solutions like forests and peatlands have been around for centuries and have been quietly keeping the world in check, soaking up carbon, reducing temperatures and guzzling up heavy rainfalls without anyone paying much attention. Cut down the forests, cover our cities with concrete, and the message from COP is that we’re essentially destroying our own resilience to climate change in an act of self-destruction. 2. Investment in nature creating new opportunities: Indeed, there were more businesses and investors at this COP than at any previous event. Why? Well, the World Economic Forum calculated that over half of global GDP is moderately or highly dependent on nature and that 395 million jobs could be delivered through the transition of industry towards nature-positive by 2030. 3. Equality or, more accurately, the lack of it: In developing countries, like the Pacific Islands, instead of investing in conservation, half of their national debt can be spent mopping up after climate disasters that they didn’t create. And while developed countries are keen to lend money for large-scale afforestation projects in developing countries, for landowners such loans are often less attractive than the upfront cash payments that logging companies are ready to pay for cutting down the forests that are propping up our world’s ecosystems. At COP16, investors presented opportunities for ‘bankable’ projects in the order of $5-75 million with return on investment expected in 5-7 years. You can find the complete article on The Journal here: https://lnkd.in/eRD4nAFb #Biodiversity #COP #NaturePositive

Distillation of policy shifts since COP28, with some expert assessment from the panel. Register here: https://lnkd.in/g3ahYJv2

"The need for urgent action cannot be overstated... Failure to act decisively risks catastrophic repercussions for our planet and future generations." - Faraz Khan MBE In his compelling opinion piece, Faraz Khan highlights the critical significance of the upcoming #COP29 conference slated for #Baku, #Azerbaijan. Khan underscores the pressing need for decisive measures amidst the looming #climate crisis, emphasizing the urgency for COP29 to bridge the gap between global rhetoric and actionable solutions.  With a pragmatic three-pronged agenda, Khan advocates for addressing fossil fuel subsidies, prioritizing #climate justice and the loss & damage fund, and championing a just transition away from fossil fuels. His insights shed light on the transformative potential of COP29 in shaping the global #climate agenda and securing a #sustainable future for generations to come. Climate People | The Carbon Trust | Rocky Mountain MicroFinance Institute (RMI) | WSP | ICF | DNV | ERM | Trucost | Global Reporting Initiative (GRI)| ISS ESG | MSCI Carbon Markets | Vigeo Eiris | Sustainability Magazine | Ethical Power Connections | S&P Global | Moody's Corporation| Refinitiv Germany GmbH | Impact Insider | Bloomberg | ESG Today | ESG News https://lnkd.in/drHcsD5f

📣 Carbon Markets Gain Momentum Ahead of COP29 🌏 The global landscape of #carbon markets is rapidly evolving, with several countries announcing significant developments ahead of the upcoming #COP29 conference in Baku, Azerbaijan: Russia 🇷🇺 is set to propose an international #carbonmarket at COP29, aiming to foster global cooperation in #climate action. Côte d'Ivoire 🇨🇮 has established a dedicated office to streamline carbon market regulations and attract investments for #sustainable projects. Argentina 🇦🇷 has launched a carbon credit #trading platform through the Buenos Aires Stock Exchange, opening new avenues for #carbonfinance. Portugal 🇵🇹 has issued a public tender to develop a voluntary carbon market registration platform, signalling its commitment to transparent and accountable carbon markets. Brazil 🇧🇷 aims to expedite the launch of a compliance carbon market by #COP30, contributing to its national #climate goals. These developments underscore the growing recognition of carbon markets as a powerful tool for driving #climateaction and #sustainabledevelopment. As COP29 approaches, these countries are poised to play a pivotal role in shaping the future of global carbon markets and advancing the global #climate agenda. #GREENIPATH #GreenPathForward #carbonmarkets #greeneconomy #sustainability #sustainabledevelopment #climateaction #climatecrisis #sdgs #ESG #portfoliomanagement #environment #impact #nature #netzero