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Measuring companies’ environmental and social impacts: An analysis of ESG ratings and SDG scores
This study compares ESG ratings with SDG scores across major providers. It finds little correlation. SDG scores align with investor exclusions and EU Taxonomy assessments, while ESG ratings largely measure financial risk exposure, not real-world environmental or social impacts.
Climate risk self-assessment survey series
This series presents APRA’s Climate Risk Self-Assessment Surveys, which review how APRA-regulated entities approach governance, risk management, metrics, targets and disclosure of climate-related financial risks. It provides a consistent, periodic view of industry practices and alignment with prudential guidance over time.
Climate fiduciaries: part II – the duty of even-handedness
This article explores the fiduciary duty of even-handedness and its implications for climate-aware pension fund investing, focusing on emerging legal challenges in Australia and Canada. It argues that unmanaged climate risk may breach trustees’ obligations to act equitably across generations, particularly where younger members bear disproportionate long-term harm.
Systems-informed stewardship part I: Reshaping sustainable and impact finance through systems thinking
This article introduces systems thinking and explains how it is reshaping sustainable and impact finance by addressing interconnected systemic risks like climate change and inequality. It outlines four emerging applications; from systemic risk management to systems-informed stewardship, highlighting the implications for investors’ roles, tools, and decision-making.
State of finance for nature 2026: Nature in the red: Powering the trillion dollar nature transition economy
UNEP’s State of Finance for Nature 2026 finds global finance remains heavily skewed towards nature-negative activities. In 2023, US$7.3 trillion harmed nature versus US$220 billion for nature-based solutions. Meeting Rio Convention targets requires more than doubling nature investment by 2030.
CGAP's Impact Path Finder
Impact Pathfinder is an interactive evidence platform developed by CGAP that maps how financial inclusion interventions contribute to development outcomes. It synthesises global research to inform investors, funders and policymakers on effective pathways, contextual factors and evidence gaps.
NatureAlign
NatureAlign is a decision-support tool by Nature Finance that helps financial institutions identify, assess and respond to nature-related risks and opportunities by aligning portfolios, strategies and governance with nature-positive outcomes.
Climate transition and global financial stability
This literature review assesses evidence on how delayed, failed or uneven climate transitions affect UK and global financial stability. It finds intensifying physical and transition risks, potential mispricing and spillovers, and significant uncertainty, highlighting EMDE transitions as central to managing systemic financial risk.
Tackling the insurance protection gap: Leveraging climate mitigation and nature to increase resilience
This white paper analyses how climate change and nature loss are widening insurance protection gaps in advanced economies. It outlines impacts on affordability and coverage, and recommends combining climate mitigation, nature-based solutions, and regulatory reforms to strengthen resilience and maintain insurability.
Adaptation and resilience impact measurement toolkit : A practical framework for financial institutions
Provides a practical framework for financial institutions to measure climate adaptation and resilience impacts. It sets principles, indicators and decision pathways across banks, insurers, DFIs and asset managers, linking outputs, outcomes and impacts to capital allocation, risk management, compliance and reporting.
Fair4All Finance
Fair4All Finance is a UK-based organisation focused on improving financial inclusion. It funds, researches, and supports affordable credit, savings, insurance, and financial resilience solutions for people in vulnerable circumstances, working with policymakers, charities, and financial service providers to scale social impact.
KanataQ Ltd
KanataQ Ltd provides climate and nature risk analytics for financial institutions, corporates and investors. It develops data-driven models, scenarios and tools to assess physical and transition risks, support regulatory reporting, and inform strategic decision-making across climate, ESG and sustainable finance, using forward-looking insights aligned with global climate frameworks and standards.
Paris Agreement Capital Transition Assessment
PACTA for Banks is a free, open-source climate scenario analysis toolkit that enables banks to assess how well their corporate lending portfolios align with climate scenarios, using sector and asset-level data to inform lending strategy and climate target-setting.
Climate fiduciaries: part I – the climate prisoner’s dilemma
This article explores how climate change is reshaping fiduciary duty for pension funds, through court cases, legal analysis, and the concept of systemic risk. It introduces the “climate prisoner’s dilemma,” arguing that climate-aware investment may be shifting from discretionary to obligatory for long-term fiduciaries.
Nature Enters the Boardroom: Why Directors Are Paying Attention
Drawing on Australia’s first national study of board-level engagement with nature, this article shows how directors are treating nature as a material governance and financial issue. It highlights how boards are extending climate governance systems to manage nature-related risks, adopt frameworks like TNFD, and build resilience and long-term value despite policy uncertainty.
How the circular economy can revive the sustainable development goals: Priorities for immediate global action, and a policy blueprint for the transition to 2050
This report argues that embedding circular economy principles within the Sustainable Development Goals could revive stalled progress. It outlines five global policy priorities and proposes a 2050 blueprint linking circularity, inclusive growth, trade, finance and standards to post-2030 development agendas.