Library | ESG issues
Governance
The governance pillar in ESG (environmental, social, and governance) refers to the systems, policies, and practices that ensure an organisation is managed responsibly and ethically. It includes issues such as board structure, reporting & disclosures, shareholders & voting, and risk management. Strong governance reduces risks, enhances trust, and supports long-term business sustainability.
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Climate Financial Risk Forum (CFRF)
Climate Financial Risk Forum (CFRF) is a UK financial services industry initiative, jointly established by Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) in 2019. CFRF brings senior leaders together to develop practical climate-related financial risk management guidance, tools and case studies for banks, insurers and asset managers.
Parry Field Lawyers
Parry Field Lawyers is a New Zealand-based full-service commercial law firm providing legal advice on property, business, employment, disputes, immigration, trusts, and for-purpose sector matters. It supports charities, social enterprises, and impact organisations with governance and compliance resources, operating across multiple offices since 1948.
Theia Finance Labs
Theia Finance Labs is a non-profit research and innovation organisation focused on climate finance and financial system transformation. It develops open research, tools and methodologies to assess climate alignment, transition risk and systemic change, supporting investors, policymakers and financial institutions to align markets with climate goals and sustainability objectives globally.
Building resilient supply chains: Getting the most out of supplier engagement
The report outlines how climate-related risks threaten supply chains and presents seven practical steps to strengthen resilience through supplier engagement. It stresses clear objectives, data use, prioritisation, incentives and cross-functional collaboration to drive emissions reduction, improve transparency and align procurement with long-term sustainability and risk-management goals.
Moving away from mass destruction:109 exclusions of nuclear weapon producers
The report reviews 109 financial institutions with policies excluding nuclear weapon producers, assessing policy scope and implementation. It finds 55 institutions apply comprehensive exclusions, while others retain gaps or exposures, reflecting growing financial-sector alignment with the Treaty on the Prohibition of Nuclear Weapons.
The use of the Lavender in Gaza and the law of targeting: AI-decision support systems and facial recognition technology
The report analyses Israel’s alleged use of the ‘Lavender’ AI decision-support system and facial recognition in Gaza, assessing compliance with international humanitarian law. It highlights risks from inaccuracy, bias, automation and opacity, concluding that commanders must retain judgement and verification to meet targeting obligations.
Supplement to the target market to include information on sustainability related objectives1 and sustainability factors
This supplement outlines a framework for classifying financial products by sustainability objectives under MiFID II. It defines ESG target markets, minimum exclusions, PAIs, and alignment with SFDR and Taxonomy rules across securities, funds, bonds, and certificates.
Rearm europe, rearm finance: What role for responsible investment in the financing of european defense?
Mirova assesses Europe’s defence rearmament and examines how responsible investors could contribute without undermining ESG principles. It argues for selective financing, strict exclusions, and innovative tools such as defence bonds, while maintaining focus on environmental transition and European sovereignty.
Guidance Handbook
ICMA’s June 2025 Guidance Handbook clarifies practical application of Green, Social, Sustainability and Sustainability-Linked Bond Principles, covering use of proceeds, governance, reporting, verification and market issues. It supports consistent labelling, transparency and market integrity across sustainable debt instruments.
Exponential Roadmap Initiative
Exponential Roadmap Initiative (ERI) is a global, mission-driven organisation accelerating science-aligned climate action. It works with companies, investors and partners to scale climate solutions, assess climate performance, and support pathways to halve global greenhouse gas emissions by 2030 through practical frameworks and collaborative initiatives across business, finance and policy contexts.
Green finance was supposed to contribute solutions to climate change. So far, it’s fallen well short
The article argues that while climate disclosure and green finance initiatives have expanded since Mark Carney’s “tragedy of the horizon” speech, they have failed to shift capital at the scale required to address climate and nature risks. It contends that deeper structural reforms to financial valuation, incentives and capital allocation are needed to move beyond managing symptoms toward financing real-world solutions.
Investing with integrity ii: How corruption undermines environmental and social outcomes
The report guides impact investors on how corruption undermines environmental and social outcomes. It outlines linked business integrity and E&S risks, due diligence focus areas, and the importance of coordinated screening, action planning and monitoring across land, labour and pollution to strengthen governance and safeguard development impact.
Next to fall: The climate-driven insurance crisis is here and getting worse
The report analyses U.S. homeowners’ insurance non-renewals, showing strong links between climate risks, rising premiums, and declining coverage. It finds coastal and wildfire-exposed regions face pronounced instability, with risks spreading inland. The Committee warns that worsening insurability could erode property values and trigger broader financial impacts.
Maximising Australia’s green growth: Leveraging trade and aid policy to drive Australia’s green exports agenda
The report assesses risks to Australia’s fossil fuel exports and outlines how aligned trade, aid and climate finance policies can build demand for green exports. It proposes sustainable growth partnerships in the Indo-Pacific to secure markets, attract investment and support regional decarbonisation.
First time implementation guide: The international standard on auditing of financial statement of less complex entities (ISA for LCE)
The guide explains how to implement the ISA for LCE, outlining its purpose, structure, applicability, key differences from full ISAs, and transitional considerations. It supports auditors in applying a proportionate, risk-based standard for less complex entities and provides supplementary guidance for adoption and reporting.
Creating a sustainable food future
The report assesses how to feed nearly 10 billion people by 2050 while limiting land expansion and emissions. It identifies food, land and greenhouse gas gaps, and proposes 22 solutions spanning demand reduction, productivity gains, ecosystem protection, fisheries growth and agricultural emissions mitigation.