The role of climate stress test exercises in bank supervision is becoming increasingly prominent. Regulatory authorities have been conducting supervisory climate stress tests to evaluate the potential impact of climate-related risks on the stability and resilience of banks and other financial institutions (FIs). Currently, the tests serve as learning exercises. The outcomes are preliminary and […] The post Climate Stress Test Exercises: Lessons and Next Steps appeared first on auctusESG ..read more

The real estate sector poses a serious threat to maintaining the pre-industrial warming limit of 1.5 degrees Celsius and achieving net-zero emissions in accordance with the Paris Agreement. Currently, 40% of all carbon emissions come from the real estate sector. The percentage can be divided into two categories: embedded carbon emissions from building construction (13%), […] The post Mainstreaming a green real estate sector: role of banks appeared first on auctusESG ..read more

Just transition has the potential to be the new engine of sustainable growth, in lower, middle, and higher-income economies. To this end, private sector involvement is essential to mobilize the US $9.2 trillion dollars annually necessary to transition to an inclusive net-zero economy. Just transition is relevant not only in the context of the developed […] The post How can banks facilitate just transition? appeared first on auctusESG ..read more

Construction accounts for over 10% of global GDP and employs roughly 7% of the workforce. Contributing to the country’s socio-economic development, it provides shelter, infrastructure, and employment. A downside is that the building industry accounts for 38% of all energy-related GHG emissions. Steel, glass, and cement production are big contributors to emissions within the construction […] The post Uptake of Sustainable Construction Materials: Opportunities and Challenges appeared first on auctusESG ..read more

According to a Central Pollution Control Board report, in the year 2020, India has generated over 1 million tonnes of e-waste, although other sources claim this number to be much higher. This value is increasing with a  growth rate of over 30% every year. With this, India stands to be one of the top 10 […] The post E-Waste Management: Bridging the gap between Regulations and Implementation in India appeared first on auctusESG ..read more

In September 2021, aconsortium consisting of L’Oréal, Henkel, LVMH, Unilever, and Natura & Co announced the launch of a collaboration to develop a new environment impact assessment and scoring system, created specifically for the cosmetic industry. The focus of the consortium is to provide brand-agnostic, transparent, comparable, environmental impact information on the basis of the […] The post Shades of green: The environmental assessment of the cosmetic industry appeared first on auctusESG ..read more

Payments for ecosystem services (PES) have emerged as a solution to biodiversity conservation. It is a means to protect the environment, ecosystem, and habitat from degradation for continuous flow of environmental benefits while allowing poverty alleviation. It is an incentive-driven and voluntary transaction between two parties (providers & beneficiaries) and is based on the Beneficiary […] The post Payment for Ecosystem Services (PES) appeared first on auctusESG ..read more

When it comes to sustainability, fast fashion has an uphill task given its volume based production style. According to the Fixing Fashion report, the fashion industry’s pollution levels are second only to those of the oil industry and are responsible for 8% of global carbon emissions. The current growing trend of fast fashion operates under […] The post Financing fashion sustainably appeared first on auctusESG ..read more

According to the WMO’s State of Climate Services 2021, more than 20 per cent of the world’s river basins experienced either rapid increases or declines in their surface water area in 2020. Against the backdrop of climate change, water-related challenges are becoming multifaceted. This is evidenced by the fact that in 2020, three quarters of new displacements […] The post Financing Local Adaptation to Climate Change to Enhance Water Security appeared first on auctusESG ..read more

The Amazon River Basin is one of Earth’s richest biomes. Spanning across 6.7million square km, the biodiverse ecosystem encompasses the world’s largest rainforest and is home to 20% of the Earth’s biodiversity. Nicknamed the ‘lungs of our planet,’ the Amazon is considered one of the most important biospheres as it plays an integral role in […] The post The Transition to a Greener Economy for the Amazon Rainforest appeared first on auctusESG ..read more