Sustainalytics Insight: COP29 Call to Action
As we unpack the results of the recently concluded 29th annual Conference of the Parties, or COP29, in Baku, Azerbaijan, in a new blog post COP29 participant Tom Eveson of Morningstar Sustainalytics shares his perspectives on key takeaways and what he sees as a clear “call-to-action” on climate for the global financial sector.
“I clearly saw a shift in focus this year, away from making lofty promises, toward more actionable commitments,” said Eveson. “Various owners of capital, such as multilateral development banks (MDBs) and private equity players identified significant opportunities and responsibilities for corporations, investors and governments worldwide,” he added.
In his post, Eveson goes on to describe a number of ways the financial sector demonstrated its commitment at COP this year to drive progress around mobilizing global capital sources to drive meaningful progress on climate change mitigation. He goes on to outline ways that organizations can lead on climate, including embedding climate strategy into company strategy, innovating for impact and prioritizing transparency.
Tom concludes with a challenge for the global financial sector, coming out of COP29, to turn climate-related commitments into action by driving on-the-ground investment, particularly in emerging markets and developing economies.
To speak in more detail with Tom, reach out to Tim Benedict at [email protected] or (203) 339-1912.
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