This Viewpoint will consider the investor view of the board’s role in the creation and oversight of the company’s sustainability journey in meeting rising global investor expectations.
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Climate risks remains acute, presenting a systemic risk to the global economy. So far, the stated commitments fall well short of the needed response. At the same time, the global investment community continues to learn and prepare. The links to biodiversity and the need for an inclusive just transition are increasingly recognised and understood. In this statement ICGN sets out expectations for governments and market participants urging more action and creative responses to the challenge of our time.
Type: News / press release , tagged withTagsIn the last few years, the financial and systemic risks of biodiversity loss and ecosystem degradation have risen to the top of the investor agenda. Destroying nature means destroying the natural capital upon which our economy is based. And the links to climate change are complex and deep. As the world gathers in Montreal to halt biodiversity loss and begin the process of restoring ecosystems, ICGN is releasing our recommendations to investors, companies, boards of directors, auditors and governments.
Type: News / press release , tagged withTagsBiodiversity loss has jumped onto the global agenda. Scientists, economists, policy-makers, corporate boards and investment institutions increasingly recognise humanity's role in driving biodiversity loss and how it impairs ecosystem services and damages the natural capital upon which our economy is based.
As we enter what some call the Sixth Mass Extinction, describing the risks presented as daunting may be an understatement. We need game-changers: concepts, processes, strategies, frameworks and legal regimes that will change how the economy and capital markets interact with the environment.
In this viewpoint, ICGN surveys the field and identifies 10 game-changing initiatives that can allow us to move rapidly and intentionally to tackle this challenge. We also provide ten sets of questions for boards to consider and for investment stewardship teams to use for engaging the companies in their portfolios.
It is early days for addressing this challenge. But efforts are ramping up quickly. Our hope is that this viewpoint can help boards and investors understand the impressive efforts underway and determine where and how they can get started.Type: News / press release , tagged withICGN Letter to the International Auditing and Assurance Board (IAASB) on the proposed International Standard on Sustainability Assurance 5000 (ISSA 5000)
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