Michael Corcelli’s Post

Revolutionizing Financial Sustainability: #ESG #Sustainability #Finance 🌍💼📈 3 Key Takeaways: - Immediate actions are paramount for aligning financial flows with 1.5°C Pathways, emphasizing portfolio alignment. - Strategic divestment from unabated fossil fuel activities is urged, highlighting the need for robust, credible targets. - Enhanced transparency and reporting are essential for tracking progress towards net-zero emissions in the finance sector. Further Insights: Alignment Focus - Near-term targets focus on increasing the share of financial flows to activities aligned with 1.5°C pathways, aiming to make all financial flows net-zero aligned by 2050. Fossil Fuel Criteria - The draft introduces criteria for financial institutions on fossil fuel financing, mandating disclosure, cessation of new financial flows to unabated fossil fuel activities, and engagement for alignment to 1.5°C pathways. Methodological Developments - Updates include criteria changes to increase target ambition, such as shortening scope 1 and 2 target timeframes and providing clear guidance for real estate asset class definitions and coverage requirements. Net-Zero Standard - A conceptual framework for a Financial Institutions Net Zero Standard is proposed, incorporating near-term guidance adjustments and emphasizing the role of financial institutions in transitioning to a low-carbon economy. Closing Thoughts: This webinar underlines the critical role financial institutions play in achieving global sustainability goals. The push towards strategic divestment from fossil fuels and the emphasis on portfolio alignment pave a clear path forward. However, it prompts reflection on how financial sectors worldwide will adjust their strategies to meet these ambitious targets. As we venture into this new era of financial sustainability, how will institutions reconcile short-term financial objectives with the long-term imperative of climate alignment? #ClimateAction #FinancialSustainability #NetZeroTransition

#transitionplanning is how you address #climatechange across your whole business - including your #policiesandprocedures, #productstrategy and #operationsmanagement. Find out more with Glasgow Financial Alliance for Net Zero (GFANZ) workshops in a box on #transitionplanning to deliver your #netzerotransition commitment. Out now the implementation strategy theme.

What is the Implementation strategy theme? This theme focuses on the assessment of and enhancements and additions to core business functions in order to support real-economy emissions reductions. This includes:  ▫ external-facing financial products and services ▫ internal activities and decision-making processes that drive the institution’s business, and ▫ top-down institution views on critical issues through policies and conditions for financing climate-critical areas of work. Learn more about our Implementation Strategy workshop: https://lnkd.in/dkSRtzwR #transitionplans #transitionfinance #GFANZ

U.S. Department of the Treasury Unveils “Principles for Net-Zero Financing & Investment” These principles are designed to serve as a compass for private sector financial institutions, promoting credibility, consistency, and best practices in their pursuit of #netzero commitments. #ClimateAction #Sustainability #GreenFinance #climatecrisis

Do you have a favourite transition finance strategy? I have a soft spot for climate solutions, particularly nature based ones. One of my first projects as a new engineer was in forestry! Today's question is a much harder one - how do we flow financing to where it is actually needed for us to transition. Who needs that financing and better yet, how do we ensure that financing is used for the transition? All great questions - get a good grounding in this in our WiB dedicated to the 4 strategies. Jamie Beck Alexander Caroline Haas Nili Gilbert, CFA, CAIA Sabine Chalopin Eva Weightman Chris Hartshorn

#PrivateCredit’s proven track record for speed, innovation, and certainty of execution continues to progress in Europe. Discover why private credit is increasingly becoming the debt of choice for market-moving transactions: https://lw.link/PCa3FI #PrivateCapitalInsights

What is transition finance? Transition finance is investment, financing, insurance, and related products and services that are necessary to support an orderly, real-economy transition to net zero as described by the four key financing strategies, which finance or enable: ➡ Climate solutions ➡ Aligned ➡ Aligning (committed to transitioning) ➡ Managed phaseout Learn more about the four financing strategies in our latest workshop: https://lnkd.in/dkSRtzwR #transitionplans #transitionfinance #GFANZ

Are you team Investment ISA or team Sustainable ISA? Two great ISAs, two levels of risk, two different funds - same exceptional service! Dawn Webb, our Chief Commercial Officer, takes us through an overview of both products. Read more 👉 https://bit.ly/44GvK30 Capital at risk. #Mutual #MembersFirst #InvestmentISA #ISA #SustainableISA #Finance #Money #Investment #SheffieldMutual #Sheffield #MoneyIdeas #SavingMoney #Ad #Marketing

It was interesting to discuss during the “Finance for business in wartime” Conference the issues on needs of businesses for loan and grant, State 5-7-9% program reshaping, ESG implementation impacts. Thanks to conference partners and participants! Private and public sector cooperation is very much in need. #Ukrainerecovery, #FinanceUkraine, #BankingUkraine, #ESG

#PrivateCredit’s proven track record for speed, innovation, and certainty of execution continues to progress in Europe. Discover why private credit is increasingly becoming the debt of choice for market-moving transactions: https://lw.link/ZjIOM8 #PrivateCapitalInsights