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Asset managers accused of 'blind spot' over biodiversity risk and climate crisis

Business Green

Report from ShareAction finds that none of the world's 75 largest asset managers have a dedicated biodiversity policy, while many are still underplaying climate risks. Moreover, only 11 per cent of asset managers have policies requiring portfolio companies to mitigate harmful impacts on biodiversity.

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Breaking: Biodiversity

Business Green

Would that the same could be said of global biodiversity - or the living natural world to give it its more evocative name and rid it of the emotional distancing that accompanies the dry scientific terminology. Efforts to tackle biodiversity loss enjoy no such luck. The yields are seen to be higher if the field is soaked in pesticide.

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Mobilising institutional investment is critical for financing nature-based climate solutions

Business Green

Mark Wishnie from BTG Pactual Timberland Investment Group and Landscape Capital. Nature-based solutions can cost-effectively provide roughly a third of the climate action needed by 2030 and, unlike other carbon removal technologies, are available and proven now. Institutional investors also have an important role to play.

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Ocean change is exacerbating the climate crisis

Envirotec Magazine

Pointing to the need for an Earthscape approach to decision making, the paper identifies key ways in which the ocean both mitigates climate change by absorbing excess heat and carbon from the atmosphere and aggravates it, failure in ocean systems exacerbating extreme weather, shifting ocean currents and reducing its ability to absorb carbon.

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The transition to EVs cannot come at the expense of the ocean

Envirotec Magazine

However, it is crucial that as we move from internal combustion engines to electric vehicles, we do not not risk disturbing our planet’s largest carbon sinks by giving the destructive deep-sea mining industry the green light and opening up a new frontier of industrial extraction, writes campaign organisation the Deep Sea Conservation Coalition.

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ENCORE: UN launches new tool to help banks and investors gauge their exposure to biodiversity destruction

Business Green

The free-to-use module has been designed to help financial institutions understand and curb the biodiversity risk of their mining and agriculture portfolios, the NCFA said. Financial institutions are increasingly aware that biodiversity loss is an urgent issue they must tackle," she said.

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Report: Climate action is a double-edged sword for nature

Grist

They will hash out their commitments under the Paris Agreement, raising their carbon-cutting ambitions or making announcements about climate-related investments. The same can’t be said of climate policies’ effect on biodiversity. On Thursday, the U.N.’s