Gina Gambetta
Iceberg Data Lab secures backing from AXA Investment Managers, Natixis IM, Mirova, Sienna Investment Managers and Solactive
CDP has support of $2.3trn investor group including M&G, Neuberger Berman and Nuveen
Development comes as work also ramps up on taxonomies in South Africa and Mongolia
Initiative aims to develop first global standard for measuring and disclosing insured greenhouse gas emissions
Challenges around identifying socially harmful activities and the focus on two ‘dimensions’ highlighted as key concerns in Social Taxonomy consultation responses
Initiative follows shareholder action in recent years to strongly engage with the sector
Reinsurer claims cheaper offsetting options have limitations
New South Wales Department of Planning, Industry and Environment is coordinating the initiative, RI understands
Results will be used to catalyse discussions on how to encourage companies to conduct due diligence
Latest draft will serve as basis for further UN negotiations in October