Financial firms risk harming net zero ambitions by overlooking nature in decision making

Report by CDP

clock • 3 min read

Financial institutions risk jeopardising their progress towards net zero by failing to consider nature-related dependencies, risks and opportunities, according to a report by non-profit CDP.

While 95% of the sector, including the world's largest banks, insurers and asset managers, have stepped up their climate change considerations, only less than a third are thinking about nature-related areas such as forest and water security issues. In the report, Nature in Green Finance, CDP found significant gaps in how financial services oversee, implement, manage, and measure nature-related impact compared to climate change. As a result, they have urged action to be taken by starting with a system-wide recognition of the intrinsic link between the impacts on climate and those on na...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Orchard Street adopts 'Sustainability Impact' SDR label for social and environmental fund
ESG

Orchard Street adopts 'Sustainability Impact' SDR label for social and environmental fund

Launched in 2022

Cristian Angeloni
clock 13 December 2024 • 1 min read
abrdn to adopt 'Sustainability Focus' label for two equity funds
ESG

abrdn to adopt 'Sustainability Focus' label for two equity funds

From February 2025

Cristian Angeloni
clock 12 December 2024 • 2 min read
Morgan Lewis' William Yonge: SDR and consumers' desire to 'do good' with their money
ESG

Morgan Lewis' William Yonge: SDR and consumers' desire to 'do good' with their money

Investors could become 'lost' in 'jargon'

William Yonge
clock 02 December 2024 • 4 min read
Trustpilot