Last week, the UN General Assembly, in response to a series of requests from Pacific countries that are directly affected by climate change upheaval, adopted a resolution requesting the International Court of Justice (ICJ) to provide an advisory opinion on States’ obligations concerning Climate Change.
Author Archives: Farid Baddache
If there is one report on climate change that you need to review, it is this one. The Intergovernmental Panel on Climate Change (IPCC) released the synthesis report under its Sixth Assessment Report (AR6) on 20 March 2023. The report summarises the state of knowledge of climate change, its widespread impacts and risks, and climate change mitigation and adaptation, based on the peer-reviewed scientific, technical and socio-economic literature since the publication of the IPCC’s Fifth Assessment Report (AR5) in 2014 and the 2018 IPPC report. The next one will be in 2030…
Ksapa is leading a working group of 12 international investment funds and investment companies to strengthen their consideration of human rights issues. An opportunity to come back and clarify the EU’s DNSH principle. Demonstrating that investments “do no significant harm” is a cornerstone of the EU’s sustainable finance framework. Learn in practice how to apply this principle in this article.
Forced labor has been documented in a wide range of green technologies, including solar, wind and lithium-ion battery production. Ksapa is coordinating with investors, buyers and stakeholders using a 5 step approach to design open source guidelines enabling business community to engage meaningfully their business partners and mitigate risks associated to their operations.
CS3D, Deforestation, Social Taxonomy, Forced Labor, MACF… The year 2023 is rich in legislative developments carried by the European Union. Review of these developments that impact European companies but also companies located outside the EU doing business with the EU by Ksapa teams.
This article highlights how human rights have become an integral part of the discussion amongst policymakers and business leaders and how 2023 is a turning point.
Many factors are driving businesses towards implementing human rights policies and holding them accountable by making such commitments public. These developments will not be without litigation and financial and reputational consequences.
Let’s start the year 2023 with optimism; because 2022 has finally delivered its share of good surprises, and we should appreciate the glass half full rather than criticize the glass half empty.
Increasingly, boards of directors are called upon to navigate the challenges presented by climate change, racial injustice, economic inequality, and numerous other human right issues that are fundamental to the success and sustainability of companies, financial markets, and economies.
12 sustainability reporting standards were proposed at the EFRAG General Assembly and approved by the European Commission in late November 2022. The content is intended to be more “material” and as consistent as possible with the ISSB. Additional sector-specific standards are forthcoming. The publication of the delegated acts for these standards is scheduled for June 2023. This article helps you understand these standards in a few minutes.
The Sharm el-Sheikh climate conference produced what we anticipated in our pre-event newsletter: a combination of frustration with the climate emergency, and a sense of an event that has become obsolete in its current format. The conclusions confirm three lessons for companies and investors.