Qamar Saleem

Encouraging News from the RBI - RBI Governors Statement after the MPC meeting Dealing with Climate Change Regulatory/Supervisory framework for addressing challenges arising from climate change; - Finalizing guidance for Regulated Entities (REs) to stress test their asset portfolio to assess impact of climate change; - Macro stress testing the impact of climate change on REs from a financial stability perspective; - Strengthening payment systems’ resilience to climate risks; - Developing climate risk disclosure norms for REs; - Providing inputs to government for finalising taxonomy on climate risks; and - Publishing a risk management framework for managing climate-related financial risks #ClimateRisk #ClimateRelatedFinancialRisk

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Thank you United Nations Environment Programme Finance Initiative (UNEP FI) & United Nations 🌎🌍🌏 Planet - Short term gains, long term risks & or Short term risks, long term gains. How would your carbon budgets, energy budgets & cash budgets be benchmarked to ensure your transition to net zero is inevitable? 🙋🏻‍♀️🙋🏻People - Clean air is a basic human right regardless what type of society you operate in, how would you feel with your credit score inclusive of a metric based on the metric tons of carbon emission alongside your borrowing score alongside green premiums. ♻️⚜️Profit - Human 2 human consciously of the integration and enablement of regenerative practices, the accumulative basic level income for all of society in both basic level healthcare insurances & providing data for open sourcing should be credited in royalty payments to each individual as data & hydrogen is the new oil. Which prompts the formulation of data legislation.... In conclusion, how are debenture systems meant to shape & thrive the future for multi-generations if the fuel is no longer the same? 💭 https://lnkd.in/gNFwtJxX

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We need a price on carbon dioxide emissions and a functioning carbon market so we can ensure polluters pay, and invest into high-integrity CCP-aligned, project-based carbon credits that help reduce emissions, alongside credible transition plans to accelerate global decarbonisation. Many of these projects are found across our markets in Africa, Asia and the Middle East, where trillions in climate finance is currently needed.   #Innovation #Sustainability #Carbon Standard Chartered, Bill Winters, Marisa Drew, Zarak Pasha, CFA The Integrity Council for the Voluntary Carbon Market (ICVCM)

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Let's talk about how to invest in systems change at #KFF24 - see you in Oslo!

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This ADB learning session covers the fundamental concepts of correspondent #banking, its role in global #finance, the building blocks for managing risks, and the latest #industry trends. 🟠 WATCH https://buff.ly/44Fvy4b #SDG17 Afif Haider, Claire Ann Odsinada, Shiu Raj Singh, Julia Chin

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In a collaboration aimed at advancing practical knowledge on biodiversity impact and dependency assessments, PBAF and Impact Institute have announced a collaboration to work together on a biodiversity capacity–building programme. The ‘Finance & Nature Toolbox’ programme consists of, amongst other things, an awareness programme of training and webinars and of building a ‘Finance and Nature Toolbox’ – guide, supporting Financial Institutions (FIs) to take action on biodiversity. The programme, made possible by the Global Commons Alliance and Rockefeller Philanthropy Advisors, aims to familiarise FIs with biodiversity impact and dependency assessment tools available on the market and to encourage utilising those tools in practice. There is a clear need for practical information and guidance on the use of tools in the finance and biodiversity field. This is precisely what the capacity-building programme is destined to do: provide FIs with hands-on support to put the right tools to use.

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Today the The Integrity Council for the Voluntary Carbon Market (ICVCM) announces the first CCP approved methodologies, as assessments continue, paving the way for high-integrity CCP labelled carbon credits. This is a significant step forward for the development of an effective global carbon market. The ICVCM’s work to assess carbon crediting programmes and methodologies continues, paving the way for a more credible and transparent market.

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Green/Brown Taxonomies Facilitates defining which economic activities contribute to the transition to a green & low carbon economy against those more exposed to climate risks (both physical & transition). Prevents greenwashing & helps investors make informed sustainable investment decisions Absence the taxonomy, markets will be underpricing climate risks. Financial Institutions remain free to lend, underwrite or acquire assets even if they are mispriced. #Risk_Management #Governance #Sustainability #ESG #Green_Finance_Strategies #cop28uae

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The textile and garments sector contributes 6-8% of the world’s carbon emissions, with Asia representing 60% of the total. I had a valuable discussion today with Jane Singer from Inside Fashion, together with Ranjan Mahtani of Epic Group. We discussed how IFC - International Finance Corporation’s collaboration with EPIC Group will help achieve their goal of reducing GHG emissions per garment by 65% by 2030. 🌱 Our investment will enable EPIC Group to: 🏭 Upgrade and construct energy-efficient facilities in Bangladesh and India, surpassing current industry standards. 💧 Decrease GHG emissions and freshwater consumption. 👩‍🏭Enhance competitiveness and generate employment in the textiles and garments sectors of Bangladesh and India. As the industry moves towards greater sustainability, innovation leaders will thrive. This partnership will set a precedent for regional companies, showcasing the advantages of sustainable investments.

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🌍 Let's Talk About Climate Finance and Global Conflicts Ahead of COP29 🌍 Hey everyone! With #COP29 just around the corner, it's a great time to dive into how global conflicts and climate finance are shaping the discussions leading up to the conference in Baku. A recent article from Hindustan Times highlights some key points: - Climate Finance: There's a pressing need for increased funding to help developing countries tackle #climatechange through adaptation and mitigation efforts. - Global Conflicts: Ongoing conflicts are complicating international cooperation on climate action, making it harder to achieve global climate goals. - COP29 Agenda: The focus will be on addressing immediate financial needs while also developing long-term sustainability strategies. As we gear up for COP29, it's crucial to think about how geopolitical issues affect climate policies and finance. Strengthening global partnerships and ensuring fair financial support are essential for making real progress in the fight against climate change. Curious to learn more? Check out the full article here: https://lnkd.in/dqfWzbad #COP29 #ClimateFinance #GlobalConflict #Sustainability #ClimateAction #InternationalCooperation

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🌏#MSMEs are crucial for economic growth in Asia Pacific, yet many struggle to access the funding needed to thrive. Enhancing their access to financing is vital for sustainable growth and job creation in emerging markets. 💼🚀 #IFCMSME #MSMEDay #FinancialInclusion IFC - International Finance Corporation IFC Asia Pacific

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Wow! The celebrations just keep coming - our Relief, Recovery, Resilience (RRR)report has just been named the Sustainable Investment Award winner for Thought Leadership on Sustainable Investing! Yeah! “Navigating Emergencies: Financial Innovations For Relief, Recovery, And Resilience” was another successful collaboration with our long term partner Australian Department of Foreign Affairs and Trade, and analysed insights from impactful case studies and real-world success stories to highlight practical, scalable solutions that have emerged from the our RRR programme. This is so special for us because it captures our essence. I really do mean it when I say everyone has a role to play in shaping a better, more just and climate-resilient future. The promises of impact investing require us to collaborate, not compete. The table is big enough for all of us. This is why it is so important for me that what we have learned over the past 15 years of being architects of impact investing ecosystems across 60 countries is not something we keep to ourselves. We love to turn those on-the-ground insights, pitfalls and success stories into learnings that we can share with others in the ecosystem, so that they can be empowered to make their own mark on their unique impact journeys. So thank you so much to the team at Environmental Finance for this prestigious recognition! #OrangeMovement #OrangeforGenderEquality #PartnershipfortheGoals #impactinvesting #thoughtleadership #research #training #sustainablefinance #innovativefinance https:/

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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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🌍 Over the past few years, I've dedicated significant time to understanding climate change and its profound impacts. Here are some critical insights I've gained: Increasing Frequency and Intensity of Extreme Events: Events like the marine heatwaves in Thailand, severe floods in Brazil, and delayed monsoons in India are becoming more frequent and intense. This trend is illustrated by Thailand's record sea surface temperatures in 2024, which have triggered ongoing mass coral bleaching. Widespread Awareness, Limited Understanding: While most people are aware of climate change, many do not fully grasp its far-reaching implications. There is a substantial need for enhanced education on this subject. I strongly encourage participation in initiatives like Climate Fresk workshops to deepen your understanding. Misconceptions About Solutions: The world is counting on scientists and engineers to solve this issue, but this is a misconception. Climate change is not solvable without structural changes to our consumption behaviors. Role of Technology: Technology will help, but it cannot do the heavy lifting alone. Carbon Footprints of the Wealthy: For those in the top 10% of the world income distribution (which generally includes LinkedIn members), our carbon footprints are much higher than the rest of the population. The richest 1% of europeans have a carbon footprint of roughly 50 tons per year, whereas the target is 2 tons per person per year. Impact of Air Travel: A 12-hour flight (e.g., Europe to Asia) emits roughly 5 tons of CO2 when accounting for other greenhouse gases and condensation trails. Don't be misled by Google Flights – they often underestimate the impact of flying. Most Impactful Actions: One of the most impactful actions individuals can take is to significantly reduce air travel. For example, a single flight to Bali for New Year's equals roughly 10 years of being vegetarian in terms of carbon footprint. The Size of the Task Ahead: We need to cut our emissions by 5% per year, every year, yet emissions are still rising. Unpredictable Climate Feedback Loops: Numerous feedback loops could make the climate even more unpredictable if temperatures rise more than +2°C above pre-industrial levels. Explore the data and get involved at www.kayaquiz.com. #ClimateChange #Education #Sustainability #KayaQuiz

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📗 New resource: "Nature Positive Strategy: Practical Guidance for Corporates" 🌱 Nature is the foundation upon which our global economy is built. 💡 If the global economy is to work for nature and investors, every dollar invested in international capital markets needs to be aligned with nature-positive outcomes. 🟩 To support corporates as they transition towards nature-positive practices, Pollination has developed its new user guide. 📋 The paper provides practical guidance on designing and implementing a nature-positive corporate strategy. The authors have identified 6 key principles that corporates should use to guide their corporate strategy: 1️⃣ Integrate objectives for people, nature and climate 2️⃣ Apply a holistic definition of nature 3️⃣ Apply the mitigation hierarchy to contribute to nature-positive 4️⃣ Make a systemic contribution to nature-positive 5️⃣ Identify and act in priority locations 6️⃣ Work toward an overall net gain in nature. 🌐 By applying those principles to daily operations, corporates can minimise their exposure to biodiversity risks and contribute to the systemic changes required to transition to a nature-positive economy. Click here to explore the full report ➡️ https://lnkd.in/dtTxxt8C  #NatureLoss #NatureRisk #NatureReporting #NatureInvestment

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🌍 As we confront the urgent challenges of climate change and sustainable development, it's time to rethink how central banks manage their foreign exchange reserves. Here are five key points from recent insights shared by Serey Chea, Governor of the National Bank of Cambodia in The Banker 1️⃣ Massive Potential 🌱: Over $12 trillion in global foreign exchange reserves present a significant opportunity for financing sustainable development, yet currently less than 3% is invested sustainably. 2️⃣ Moral Imperative 🌟: The National Bank of Cambodia is leading by example, allocating more than 5% of its reserves to sustainability bonds, proving even smaller economies can impact global sustainability efforts. 3️⃣ Challenges in Yield 💰: Sustainability bonds often yield less due to the "greenium," posing challenges for reserve managers focused on traditional financial returns. 4️⃣ New Investment Strategies 🔄: Introducing new reserve management principles that consider environmental and social impacts can enhance the traditional focus on safety, liquidity, and return. 5️⃣ Local Impact 🏡: Encouraging the reinvestment of foreign reserves in local sustainable projects can increase the direct benefits to the investing country’s own citizens.

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Getting ready for mandatory climate related reporting ..... Often when I'm discussing transition to lower carbon and nature positive with customers and stakeholders, the question comes up around mandatory climate reporting requirements - who will need to report, when will they need to start reporting and what will they need to report. The answers to those questions seem imminent as the Government's Bill was referred to the Senate Economics Legislation Committee in March 2024. The Bill proposes to make climate-related financial reporting an obligation for the first group of the largest entities for financial years commencing from 1 January 2025. From there, the Government is proposing to step down the size thresholds, capturing a far broader group of organisations by 2027-28. If passed, this will see the urgency lift around understanding value chain emissions, measurement and reporting because many businesses will either need to directly report, or will be buying from or selling to someone who is directly reporting.   This article by Commonwealth Bank outlines the proposed requirements in easy to understand language. If your business is looking at undertaking activities which are linked to lower emissions or nature positive outcomes please DM me so I can connect you with one of our bankers who can chat about our comprehensive suite of green financing solutions. https://lnkd.in/g-UJV-9e Paul FowlerCarmel OnionsKate WallisKirsty ParishVanessa Nolan-WoodsDominic WestendorfJosh FosterAdrian Parker BComm FCPA GAICD FFin MCBIDavid KennedyKerry McGowan

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