Library | ESG issues
Environmental
The environmental pillar in ESG (environmental, social, and governance) assesses an organisation’s impact on the planet. It includes issues such as climate change, biodiversity, waste management and water management. Strong environmental practices help businesses reduce risks, comply with regulations, and drive long-term sustainability.
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The ICJ's advisory opinion on climate change
This edited volume analyses the ICJ's July 2025 advisory opinion on climate change obligations, examining its legal framework, due diligence standards, human rights implications, and statehood findings. Contributing authors also assess the opinion's notable silences on historical responsibility, military emissions, and differentiated obligations.
Potential business cases in measuring biodiversity state and impact in agriculture
A joint Mistra FinBio and Svensk Kolinlagring report identifying three business cases linking biodiversity data to agricultural finance: baseline databanks for bank and insurance risk assessment, and an MRV system for biodiversity claims. It highlights the financing gap in regenerative agriculture and outlines potential biodiversity-linked financial products.
Credible climate financing and fossil fuel phase-out commitments are possible but remain marginal amongst major financial institutions
WBA's analysis of 400 major financial institutions finds that transition planning is emerging but capital allocation to low-carbon solutions and fossil fuel phase-out commitments remain marginal. Only two institutions demonstrate robust fossil-fuel restrictions, and low-carbon activities account for an average of just 2.7% of total financed activities globally.
Measuring the impact of data centers in the United States economy: Monetary damage from air pollution and greenhouse gas emissions
This NBER working paper quantifies the environmental costs of US data centre electricity use in 2025. Using facility-level data for approximately 2,800 data centres, it estimates gross external damages of $24.6 billion from air pollution and greenhouse gas emissions, with Texas and Virginia accounting for 30% of the national total.
DAX-AEX Futureproof Index Report
The DAX-AEX Futureproof Index Report is a benchmark series that ranks DAX and AEX-listed companies using an Integrated Value framework combining financial, social, and ecological value. It produces a Futureproofing Ratio to assess long-term corporate value creation and transition risk across sectors and economies.
Global Project Tracker
MPP's Global Project Tracker maps the global pipeline of commercial-scale, net-zero-aligned clean industrial plants across materials, chemicals and fuels sectors.
Business breakthrough barometer 2026: The annual pulse check from business on the pace of the climate transition
The Business Breakthrough Barometer 2026 surveys over 500 companies on the climate transition, finding 92% expect sustainability to deliver competitive advantage. While investment momentum holds, 68% of leaders see rising risks of a disorderly transition, urging predictable policy strengthening from governments to unlock private capital.
Beyond the parcel: Unlocking risk assessment of complex infrastructure assets
This First Street report applies climate risk modelling to five infrastructure asset types — airports, residential developments, rail networks, transmission lines, and toll roads — demonstrating how localised physical hazards translate into material revenue losses and operational downtime, and why traditional parcel-based risk tools are inadequate for complex infrastructure.
Applying planetary boundaries: Effective risk management and value creation
This report examines how the Planetary Boundaries Framework translates nine critical global processes into material risks and value creation opportunities for investors and corporates. Seven of nine boundaries have already been breached. Tools, frameworks, and an investor engagement plan are outlined to support Earth-system-aligned capital allocation and long-term value creation.
Community engagement, nature and financial materiality: An evidence review on the financial effects of engagement with indigenous peoples and local communities on nature-related issues
This Shift report reviews the financial effects of corporate engagement with Indigenous Peoples and local communities on nature-related issues. Drawing on over 1,200 cases and approximately 40 publications, it finds that engagement quality is financially material, with poor engagement linked to significant operational, legal, and reputational costs.
Time to get real: Current and future best practice for investor engagement on climate policy
This report examines how institutional investors engage on climate policy and sets out guidance for best practice. Drawing on interviews with 70+ individuals and a survey of investors representing approximately USD 33 trillion in AUM, it calls for a shift from disclosure-focused engagement towards real economy policies, and identifies three field-building priorities.
Urban heat risk management: Resource package
This resource package provides practical guidance for local and national governments on managing urban heat risks through governance, planning, nature-based solutions and emergency preparedness. Drawing on global evidence and city case studies, it outlines strategies to strengthen urban resilience to increasing extreme heat.
Unlocking climate risk insurance: The role of public development banks
This report examines how public development banks (PDBs) can expand climate risk insurance in emerging markets and developing economies. It identifies five key barriers to insurance uptake, analyses distinct roles for national, regional, and multilateral development banks, and provides recommendations to scale insurance solutions that build climate resilience.
Climate Shift Index Global Map
The Climate Shift Index Global Map by Climate Central is an interactive tool visualising global air, ocean, and humid heat climate factors.
Climate Central
Climate Central Resources is an online library of climate science content, interactive tools, graphics and datasets. It provides evidence-based information on climate change impacts, extreme weather, sea level rise and climate risk, supporting analysis, communication and decision-making across sectors, including finance.
APLMA: Green and Sustainable Lending Microsite
The APLMA Green and Sustainable Lending Microsite provides documentation, principles, guidelines, and market data for sustainable lending.