Christiane Laibach

(Resharing this interesting global Carbon Emissions historical data animation.) Nestled between two of the world’s largest CO2 producing countries, Nepal faces unique climate risks and the country's vulnerability necessitates immediate action. Though the broader impact is from global phenomenon; coupled are regional environmental challenges as air pollution and changes in monsoon patterns that can exacerbate climate risks like flooding, landslides, and droughts. Additionally, the Himalayan region, shared with China, is particularly sensitive to climate change with rising temperatures affecting glacial melt and water availability. Thus, it’s crucial for Nepal to consider all three - local, regional and global factors. As prioritized solutions: a) Adaptive strategies needs to be 'urgent country level agenda' with serious commitments to significantly reduce our exposure to climate perils. b) Responsible stakeholders unite in a robust push to garner global support for mitigation efforts through 'Climate Funds, Loss and Damage Funds' and other avenues. (This video looks informative too: https://lnkd.in/ds-ZaiDR)

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off to a great start: signing ceremony #WDC2026 World Design Capital Frankfurt RheinMain 2026 Design for Democracy. Atmospheres for a better life. "Things don’t change. We change them. Democracy lives from the fact that we shape it." What can design do? Design – many people think of fashion, furniture, pretty things. But the purely aesthetic design, the beautification, is only a small part of what design can do. Rather, design is characterised by the spirit of questioning conditions, thinking towards the future and changing matters. And we need all this today more than ever. Design can contribute positively to many social issues. For example, by designing recyclable products and resource-efficient solutions. But also by designing democratic processes that strengthen our togetherness. So ultimately, no less than the improvement of our lives. https://designfrm.de/en/ join us! World Design Organization Rat für Formgebung - German Design Council #design #impact #democracy

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Really striking study from the UN Development Programme, which shows how public support for #climate action globally is a lot higher than most people would think and defies current political trends. The biggest ever global standalone public opinion survey on climate change, the Peoples’ Climate Vote 2024, shows 80 percent – or four out of five – people globally want their governments to take stronger action to tackle #climatechange. Even more – 86 percent – want to see their countries set aside geopolitical differences and work together on climate change. As the UN itself notes, "the scale of consensus is especially striking in the current global context of increased conflict and the rise of nationalism". You can read more here: https://lnkd.in/g_fSwQ6b

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I celebrate my colleague Ulrich Volz who has just co-published the attached report. Having debated with him at Chatham House and Sustainable Finance-Beirat where we co-chair with Frank Scheidig the “Internationale AG”. His paper brings home points he and Michael Dittrich recently made eloquently. The paper concludes: “The economic environment is such that an increasing number of countries are reducing investment at alarming rates in order to service external debt payments. if the international community does not act swiftly and uniformly to provide comprehensive debt relief where needed alongside new liquidity, grants and concessional development finance, the costs of inaction will be monumental. Failing to address sovereign debt crises will have dire consequences for people and the planet: governments lacking fiscal space will fail to undertake critical investments in adaptation and resilience, climate mitigation, education, health and social development. What is more, in the face of an unresolved sovereign debt crisis, it will be impossible to mobilize domestic or international private capital for development and climate action. As a result, countries will become ever more vulnerable to shocks and risk sliding into a vicious cycle of debt, ecological crisis..” Your views?

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[Shareholder engagement and sustainability 6/6] Can index providers foster greater climate responsibility? The article "The Impact of Climate Engagement: A Field Experiment" by Florian Heeb and Julian Kölbel explores the impact of index provider engagement on corporate climate policies when a credible request is combined with a credible threat of exit. Leveraging a sample of 1227 companies, the authors show that: 👉🏼 21.0% of treated companies committed to setting science-based #climate targets, compared to 15.7% in the control group, showing a significant impact of index provider engagement on climate policies. 👉🏼 The treatment effect is especially significant for larger firms with high absolute emissions and emission intensity. Engagement is effective for firms where corporate climate policies are most likely to have a meaningful effect on aggregate greenhouse gas emissions. 👉🏼 The experiment demonstrates a causal effect of #engagement, ruling out selection bias and other potential confounders by including various covariates. 👉🏼 The EU Benchmark Regulations, by setting requirements for #climate-focused indices, seem to positively affect science-based target commitments. These results suggest funds and indices providers with climate-related tilts and screens may be able to enhance their societal impact by proactively informing companies about their stock selection rules. The authors highlight the need for further research on the causal effect of different kinds of engagement campaigns that may not be fulfilled at a reasonable cost or with a credible threat of exit. ValueCo

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🌍 Strengthening Regional Collaboration in Green Finance: CAREC Institute Visits IIGF 🌿 On June 14th, Dr. Hans Holzhacker, Chief Economist of the Central Asia Regional Economic Cooperation (CAREC) Institute, and his colleague Mr. Hu Xiao visited the International Institute of Green Finance (IIGF) at Central University of Finance and Economics (CUFE). Chaired by Dr. Shi Lin, Deputy Director of the International Cooperation Department, the session was attended by Ms. Han Jianing, Director of the Education Center, and other colleagues from IIGF. Dr. Shi Lin provided insights into IIGF’s pioneering initiatives in global green finance, energy #transition, and #gender finance, among others. She emphasized the Green Belt and Road team's research in Africa and Southeast Asia, with plans to expand the research focus to include CAREC countries. Ms. Han Jianing outlined IIGF's knowledge platform development, including courses in green finance, #climate finance, #ESG, and transition finance. Dr. Hans Holzhacker shared CAREC Institute’s robust research in international trade, #agriculture, and #energy, highlighting challenges in advancing green finance, gender equality measures, and capacity building. He expressed enthusiasm for future collaborations with IIGF to delve deeper into sustainable development challenges and explore diverse pathways for regional economic transformation. At IIGF, we are committed to advancing global efforts in green finance and sustainable development. Our collaboration with institutions like CAREC fosters our efforts to achieve our shared goals of promoting resilience and sustainability across regions. For more information, please visit our official website: https://lnkd.in/e8CCJPbA #GreenFinance #SustainableDevelopment #CAREC #IIGF #Collaboration #ClimateAction #GlobalPartnerships

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In line with Triodos Bank's science based target to reach net zero by 2035, we initiated a climate change engagement project with the goal to encourage companies in our Impact Equities and Bond portfolios to set science-based GHG emission targets, in line with the 1.5°C trajectory. "Our approach is two-fold. One, we focus on companies that are still in the early stages of establishing a climate change strategy. These companies can greatly improve their approach by setting targets that are science-based. Two, we focus on the highest emitters in our portfolio, as reducing emissions for this group can substantially and efficiently decrease the emission intensity of our portfolio," explain investment analysts André d'Ursel, Luc van Haaren, and Lilia Feghiu. Read the full report on the outcomes of this project on our website, including concrete examples of what has been achieved with companies like Wolfspeed and DS Smith. #ImpactInvesting #EmissionsReduction #CleanEnergy #ScienceBasedTargets #GHGEmissions

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Join IUCN and the Sustainable Finance Coalition at next week's #africasonservationforum #sustainablefinance pre-forum event on 25 June 2024. The afternoon session will see breakaways on dedicated finance solutions of which #biodiversitycredits will be one of those. Learn more about the Coalition's Model and Finance Solution Approach, and why finance solution #buildingblocks are crucially important to ensure that finance solutions reach #scale at point of impact. Harriet Davies-Mostert Elizabeth Gitari-Mitaru Conserve Global EarthAcre Candice M.D. Stevens Ellane Van Wyk

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One of the big topics at the UNFCCC UN conference happening now in Bonn is climate finance, an issue we believe philanthropy can and should put at the top of its agenda if we have any hope of making real progress in our #climate journey. That's why we have all of our #climatechange webinars and workshops available to rewatch on our YouTube channel, including one led by Greenpeace غرينبيس on how Islamic finance could catalyze ethical and sustainable #climateaction: https://bit.ly/3IjfVVK

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Measurement and carbon emission pricing are the first steps to continuous improvement, key principles of top tier industrial companies. How do your supply chain and operations measure up?

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🌍🏃‍♂️ Protecting the climate is a marathon, not a sprint! 🏃‍♂️🌿 Reflecting on 2023, it was a year filled with milestones for the Swiss Climate Foundation. From innovative projects to impactful partnerships, we've been making strides in climate innovation. 💪🌱 🎉 Highlights included: - Engaging discussions at the Raiffeisen Switzerland Forum in Bern, featuring influential voices like federal councillor Albert Rösti and industry leaders. - Continued support for groundbreaking projects, totaling over 180 initiatives and CHF 2.4 million in funding. - Exciting collaborations with institutions like ETH Zürich, driving knowledge exchange and progress. 🌟 Notable successes: - Lightswing Solar's resilient solar panels, battling winds with their innovative design. - Rematter's sustainable building materials, paving the way for eco-friendly construction. - neustark's CO₂ storage technology, revolutionizing the concrete industry. 💼 Our partnerships extend beyond project support. With 31 esteemed companies onboard, including banks and consultancies, we're amplifying our impact together. 🌳 Looking ahead, we're committed to our mission: protecting the hashtag #climate and empowering SMEs. Join us as we continue this vital journey. Together, we'll make a lasting difference. More in our 2023 annual report: https://lnkd.in/dFejC9yJ #ClimateAction #Sustainability 🌍✨ Mirabaud Group Mirabaud Asset Management Allianz Alternative Bank Schweiz AXA Baloise CH BLKB Basler Kantonalbank ECA - Etablissement Cantonal d'Assurance du Canton de Vaud finnova AG Bankware Glarner Kantonalbank Graubündner Kantonalbank GVB – Gebäudeversicherung Bern GVZ Gebäudeversicherung Kanton Zürich LGT Capital Partners LGT Private Banking LLB Die Mobiliar New Reinsurance Company Ltd. (NewRe) PartnerRe Raiffeisen Switzerland Robeco J. Safra Sarasin Sanitas Krankenversicherung SCOR Swiss Life Swiss Re UBP - Union Bancaire Privée BCV - Banque Cantonale Vaudoise Vontobel VP Bank AG Zuger Kantonalbank

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🌍 YES-Europe at the UN Climate Conference in Bonn (#SB60)! 🌍 Our delegation attended the annual Bonn Climate Change Conference and tracked critical discussions on, among others, climate change mitigation, new climate finance goals, just transition, adaptation, and the Global Stocktake. There was only incremental progress and significant disagreements remained between countries, highlighting the need for more public pressure and decisive political actions. These outcomes set the stage for #COP29 in Baku, Azerbaijan. Dive into our blog post for a detailed overview of the key developments and what they mean for the future of international climate action. You can read our summary here: https://lnkd.in/gAGphMBQ #ClimateAction #Sustainability #COP29 #YESEurope #UNFCCC #SB60 #ClimateChange #JustTransition #ClimateFinance Inez Brogowska Elizabeth Chavdarska Joshua Bierschbach Siti Aziz

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Some reflections about economic transformations across time and space:   Across time: Transformations have accompanied human development. This thought struck me during the 8 minute-ride in the replica of the first planetarium worldwide, the Gottorf Globe, built in Schleswig (Schleswig-Holstein) in the 17th century. Still today, it accurately describes the course of stars over the night sky. Absolutely worth a visit! However, groundbreaking innovations such as the globe or even book printing did not deliver increases in per capita income at their time. As I am teaching master level students at Goethe University in Frankfurt in my course on transformation, that only happened with the industrial revolution when dissemination of information and knowledge, competitive markets and protection of patents were introduced. A great reference on this: Philippe Aghion and co-authors „The Power of creative destruction” (2021). Today, those conditions are mostly in place, yet, with climate change progressing we not only need a transformation; we need an accelerated and massive transformation.   Across space: In the past few weeks I have contributed to several thought-provoking conferences and seminars with keynote speeches, impulses, and panel participation, including the Worldbanks’ Government Borrowers’ Forum, the 6th EC-EIB-ESM capital market seminar or the Ostdeutsches Wirtschaftsforum 2024 with a global, European, or German focus respectively. Despite the different geographic orientations and widely varying approaches to economic transformation across countries and regions, these events shared a common underlying question: How to master the green transformation at the same time as securing long-term growth and resilience? In the comment section of this post, I have put 5 areas that appear particularly relevant to me as levers for transformation irrespective of geography. I am very thankful for the opportunity to participate in those conferences and for the numerous inspiring and insightful conversations. Looking forward to continuing the exchange! KfW OWF - Ostdeutsches Wirtschaftsforum Deutschland - Land der Ideen #GovernmentBorrowersForum #6thAnnualCapitalMarketsSeminar

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I’ve long been a strong advocate for carbon markets, given their potential to catalyse the global decarbonisation agenda. Guided by The Integrity Council for the Voluntary Carbon Market (ICVCM)’s Core Carbon Principles, policymakers are building credibility in the voluntary carbon markets (VCMs), with the US government announcing groundbreaking principles for responsible participation in VCMs earlier this month. Market integrity is fundamental. Alongside this, we need stakeholders willing to roll up their sleeves to scale the market through new solutions, creating financial mechanisms for buyers of carbon credits, while supporting robust carbon credit projects. Many of these projects are found across our markets in Africa, Asia and the Middle East, where trillions of dollars in climate finance is urgently needed to aid decarbonisation. I’m proud of the work that Standard Chartered continues to do to help stand up this market. Through our Carbon Market Innovation Hub led by Chris Leeds and Zarak Pasha, within our CSO office, led by Marisa Drew, we’re using the breadth of our experience to drive the outcomes we need to see. Find out more below. #CarbonMarkets #LCAW2024

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🌍 Advancing Adaptation Finance for Resilient Futures💚 “For every $1 spent on adaptation this decade, an economic benefit of $12 could be generated.” In the face of escalating climate impacts and fast escalating costs of physical risks, the importance of adaptation finance has never been more crucial. Emerging markets in particular, which are often the most vulnerable to climate change, require robust financial mechanisms to adapt and build resilience. Adaptation finance helps communities to: - Develop infrastructure that withstands climate shocks. - Implement sustainable agricultural practices to ensure food security. - Strengthen healthcare systems to respond to climate-related health issues. - Enhance disaster risk management and early warning systems. A heartfelt thank you to the Green Finance Institute Ingrid Holmes and Standard Chartered Alex Kennedy for convening a truly insightful meeting on mainstreaming adaptation finance in emerging markets. Together, we can make significant strides in protecting our planet while delivering long term value for economies and societies. Every step towards resilience is a step towards a sustainable future. #ClimateFinance #AdaptationFinance #SustainableDevelopment #EmergingMarkets #GreenFinance #SustainableFinance #LondonClimateActionWeek #LCAW

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Standard Chartered’s footprint is unique in the sense that it represents some of the richest biodiversity in the world. But this rich biodiversity faces a significant crisis that is undermining natural ecosystems, communities and our economy.   To help address this, we need to further integrate nature and biodiversity into financial products and decision making, and develop innovative approaches that can generate funding for halting and reversing nature loss. Especially where we know there is a significant opportunity for scale.   Aligned to the Kunming-Montreal Global Biodiversity Framework, if we can support a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes, we can bend the curve on biodiversity loss.   Marisa Drew, John Murton, Alex Kennedy, Chris Leeds, Zarak Pasha, CFA   #Biodiversity #Nature #Innovation 

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Developing countries, think tanks, and civil society have been calling - with increasing intensity - on multilateral development banks (MDB) to improve their business models, speed, and scale with which they act on global challenges from poverty reduction to supporting climate change adaptation and mitigation. On 25th of April we heard from Hans Peter Lankes (Managing Director & Deputy Chief Executive of the ODI) on what “MDB Reform” may mean in practice for EBRD, that is, what are the actionable implications of this global debate to the Bank and its Countries. Five elements were presented: (1) maximising the utilisation of available capital; (2) adding new capital, including in innovative forms; (3) mobilising more private capital; (4) defining MDB mandates to effectively cover global challenges; and (5) transforming MDB country engagement models & operational feedback mechanisms, including through stronger impact management systems. Four of our MDs, Ines Rocha, Carlos San Basilio, Harry Boyd-Carpenter, Zbigniew Kominek, responded to the keynote speech and explored how Hans Peter’s thought-provoking insights may interact with EBRD operations, especially in the climate action and blended finance domains. Looking forward to contributing with EBRD's Impact Team to the MDB reform agenda, especially on more robust impact management frameworks and evaluation. Timothy Randall, Ognyan Zhelyazkov

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