Maximpact Blog

UN, 28 Banks Draft Global Impact Standards

Satya Tripathi, UN assistant secretary-general, UN Environment, speaking at COP21, the 21st session of the Conference of the Parties to the UN Framework Convention on Climate Change, UNFCCC COP21; where the Paris Agreement on climate was finalized unanimously by world leaders. Paris, France December 7, 2015., Photo courtesy Earth Negotiations Bulletin) Used with permission

“The global banking industry is stepping up to the sustainability challenge,” said Satya Tripathi of India, UN assistant secretary-general, UN Environment. “I’m optimistic we’ll see a realignment of business practice – one that embraces the fact that green and socially responsible business is the best business.”

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Tax Havens Enable Illegal Logging, Fishing

IUUFish

Tax havens such as Singapore, Panama and the Cayman Islands provide financial secrecy for industries that are associated with environmentally destructive activities on a global scale, new research demonstrates.

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Energy Intense Digital Currencies Can Disrupt Climate

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Bitcoin, just one of the many digital currencies, currently consumes enough electricity to power Denmark. Failure to lower the use of energy by Bitcoin and similar Blockchain designs may prevent nations from reaching their climate change obligations under the Paris Agreement…

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EU Extends Multi-Billion Euro Support to Migrants

SomaliWoman

While the United States attempts to limit migration through punitive action at its southern border, the European Union is taking the opposite approach to the flood of migrants from Africa and neighboring countries seeking sanctuary.

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Nations Pledge Billions to Protect Planet

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This is “a critical moment for the future of our planet and its people,” Naoko Ishii, CEO and chair of the Global Environment Facility, told the opening session of the GEF Council Sunday in Da Nang. The GEF is a major impact investor in environmental programs worldwide.

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Impact Investing Grabs University Attention

Impact Investing Grabs University Attention

Many of the world’s most prestigious universities are pooling their wisdom in a new alliance to “help scale-up the green finance sector.” One of their first considerations is impact investing – measuring social impact alongside business results.

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Global Wealth Grows, Inequality Gap Widens

KimJim

“Growth will be short-term if it is based on depleting natural capital such as forests and fisheries. What our research has shown is that the value of natural capital per person tends to rise with income,” says Karin Kemper, senior director, Environment and Natural Resources Global Practice at The World Bank.

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Sustainable Finance European Style

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An EU-wide label for green investment funds, a European standard for green bonds, and a classification system to provide market clarity on what is sustainable are recommended in the final report of the High-Level Expert Group on Sustainable Finance, published this week.

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One Planet Summit Inspires Climate Action

MacronMay

Two years to the day after the historic Paris Agreement on climate, more than 50 heads of state, bank and finance executives and celebrities are meeting today to drive action to finance global efforts to meet the goals of the agreement.

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Insuring the Vulnerable in a Warming World

PhilippinesTyphoonDamage

Between 1980 and 2015, more than 60 percent of the people who lost their lives as a result of climate-related extreme weather events had an income of less than US$3 a day, according to the reinsurance company Munich Re in 2016.

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Faith in Finance

St. Michael's Church, Zug, Switzerland, September 2014 (Photo by Patrick Nouhailler) Creative Commons license via Flickr

First the numbers. Financial investors and leaders of more than 30 faith traditions representing over 500 faith investment groups from eight religions with some three trillion dollars in assets, will meet in Zug this month.

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