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ADS group: UK defence ESG charter

ADS Group
The UK Defence ESG Charter sets a voluntary, sector-wide framework for defence companies, covering climate transition, societal impact, and governance and ethics. It promotes decarbonisation, supply chain responsibility, skills development, ethical conduct, and collaboration, while allowing signatories to retain individual ESG strategies.
Research

Guidelines for observation and exclusion of companies from the government pension fund global (GPFG)

Norwegian Ministry of Finance
The guidelines define ethical criteria for observing or excluding companies from Norway’s Government Pension Fund Global. They cover prohibited products, unacceptable conduct, coal thresholds, governance roles of the Council on Ethics and Norges Bank, and transparency requirements for decisions and reviews.
Research
5 September 2022

Council on ethics for the norwegian government pension fund global

Council on Ethics for the Norwegian Government Pension Fund Global
The report outlines the Council on Ethics’ 2018 work advising Norges Bank on exclusions and observation under ethical guidelines. It covers assessments of human rights, environment, climate, corruption and weapons sales, resulting in multiple company exclusions, observations and revocations, alongside ongoing sectoral investigations.
Research
14 April 2021

Integrating nature & biodiversity into investment: An asset owner perspective

Pensions for Purpose
The report examines how asset owners integrate nature and biodiversity into investment. Based on interviews with 20 global asset owners and managers, it finds growing recognition of financial materiality, limited governance and data maturity, early TNFD adoption, and reliance on climate-aligned ESG processes.
Research
30 January 2025

Stakeholder engagement and science-based targets for nature

Science Based Targets Network (SBTN)
This report provides guidance for companies on integrating affected stakeholder perspectives into science-based targets for nature, emphasising Indigenous rights, equity, and due diligence. It outlines who to engage, how to engage, and how to evaluate engagement across the SBTN five-step process.
Research
24 October 2024

A roadmap for upgrading market access to decision-useful nature-related data

Taskforce on Nature-related Financial Disclosures (TNFD)
The TNFD roadmap outlines actions to improve market access to decision-useful nature-related data. It proposes data principles, pilot testing and a potential Nature Data Public Facility to address data quality, comparability, cost and accessibility for corporate reporting, target setting and transition planning.
Research
30 October 2024

Developing an approach to nature risk in financial services

Climate Financial Risk Forum (CFRF)
The report outlines how financial institutions can assess and manage nature-related risks by integrating climate–nature interactions, systemic risk concepts and TNFD-aligned approaches. It highlights data gaps, tipping points, and scenario analysis to support prudent risk management and strategic decision-making.
Research
23 October 2025

From risk to resilience: Integrating adaptation into finance

Climate Financial Risk Forum (CFRF)
The report outlines practical frameworks for integrating climate adaptation into financial decision-making, linking physical risk assessment to credit, investment, sovereign risk and financial products. It promotes the ABC framework, data transparency and adaptation-inclusive transition plans to improve resilience, pricing and capital allocation.
Research
21 October 2025

Heterogeneity in corporate sustainability initiatives and stock returns

The study shows only transformative sustainability initiatives predict higher future profitability and generate positive abnormal stock returns. Advocacy, preparation and standard ESG ratings do not. Markets initially mispriced transformative actions, but learning gradually eliminated the alpha by 2022.
Research
2 October 2025

A review of the link between sustainability performance and company valuation

World Business Council for Sustainable Development
The report reviews recent evidence on links between sustainability performance and company valuation, finding growing but uneven market recognition. Strong strategies can improve resilience, EBITDA and capital costs, while inaction raises long-term financial risk amid evolving disclosure and regulation.
Research
11 December 2025

The Climate Resilience Investment Framework (CRIF)

Institutional Investor Group on Climate Change (IIGCC)
IIGCC’s Climate Resilience Investment Framework provides investors with a structured approach to manage physical climate risks, integrate adaptation into portfolios, and guide asset-level, portfolio, and policy actions, prioritising real estate and infrastructure through a process-based methodology aligned with financial materiality.
Research
18 June 2025

Growing resilience: Unlocking the potential of nature-based solutions for climate resilience in sub-Saharan Africa

World Resources Institute
The report assesses nature-based solutions for climate resilience in sub-Saharan Africa, reviewing nearly 300 projects. It finds growing adoption but insufficient scale, highlighting financing, policy, and capacity gaps, and recommends integrating NBS into infrastructure planning, diversifying funding, and strengthening social inclusion and local capability.
Research
13 March 2025

Climate inequality & just transition: An introduction for actuaries

Institute and Faculty of Actuaries (IFoA)
This report explains climate inequality and climate justice, outlines risks from unjust climate transitions, and frames just transition principles. It highlights how climate impacts amplify inequality and sets out roles for actuaries in risk assessment, fairness, and supporting equitable climate-resilient development.
Research
3 October 2024

Climate data in the investment process: Challenges, resources, and considerations

CFA Institute Research & Policy Centre
The report examines how climate-related data are used in investment decision-making, highlighting limitations in availability, consistency, and comparability. It reviews greenhouse gas metrics, evolving global disclosure standards, and regulatory milestones, and outlines practical strategies for investors managing imperfect climate data.
Research
10 April 2024

Quantitative climate scenario analysis in financial decisions: Case studies

Climate Financial Risk Forum (CFRF)
This CFRF report presents nine case studies demonstrating how quantitative climate scenario analysis informs financial decisions. It assesses physical and transition risks across assets, sectors and geographies, translating climate pathways into impacts on valuations, credit risk and losses to support risk-based decision-making.
Research
22 October 2025

The alignment of companies' sustainability behavior and emissions with global climate targets

The study analyses sustainability reports from major listed companies to assess alignment with Paris climate targets. Using natural language processing, it finds alignment depends on the type of actions taken. Firms prioritising innovation and energy transition outperform those focused on risk mitigation.
Research
5 December 2023
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