A New Perspective
Climate change is the defining story of our time, with the next decade holding the power to shape history or break the earth. Misinformation plays a key role, blurring the lines between heroes and villains. Falsehoods about climate change thrive due to limited access to reliable sources and the viral spread of junk science on social media. As a result, a significant portion of the population doubts or denies the threat of climate change. This misinformation not only delays climate action but also exacerbates the rapid loss of biodiversity. Our interconnectedness with nature and animals demands urgent action. The choice is ours—are we the heroes or the villains in this critical juncture?
Is Storytelling enough to solve the climate and biodiversity crises?
Trigger words like pollution, habitat loss, drought, and extinction have become all too familiar in the ongoing conversation about biodiversity loss and climate change. Despite increased public action, species populations have declined by 44% since 1970. With 70% of youth fearing for their future, we need more than stories and conversations - we need global action on an industrial scale.
ESG Predictions - 2023
In 2023, ESG issues are increasingly important, with a focus on natural capital finance and natural climate solutions. These approaches preserve ecosystems and combat climate change, aligning with ESG investing principles. Growth in this area provides opportunities for investors and society to create a more sustainable future.
Are you investing in a more sustainable future?
Sustainable investing is gaining more attention and scrutiny, not just from investors and activists, but also from regulators and policymakers. JP Morgan's ESG Outlook 2023 highlights five sustainable investing themes that will matter most to investors this year.
The Problem with Carbon Certification: A Look at REDD+
Nomica is using blockchain technology to improve the transparency and quality assurance of carbon certification, ensuring the credits produced are of high quality and positively impacting reforestation projects. This comes in response to issues raised by The Guardian regarding the reliability of REDD+, a forestry standard that aims to generate carbon offsets. Nomica is dedicated to creating trustworthy certifications and invites others to join in exploring ways to improve the carbon certification space.
Global ESG Policy Developments: Understanding Their Impact on Wealth Management
Governments around the world are promoting Environmental, Social, and Governance (ESG) investment through policy developments. The European Union's Action Plan on Sustainable Finance and the Task Force on Climate-related Financial Disclosures (TCFD) established by the Financial Stability Board are notable examples. Wealth management firms are responding by offering ESG investment options, but transparency and traceability must be prioritized. Nomica is committed to this by offering ESG investment products that prioritize transparency through the use of blockchain and adherence to strict certification and disclosure standards.
The Importance of Transparency and Traceability to Governments
Governments are promoting ESG investment by requiring companies to provide transparent ESG data to align investments with sustainability goals and increase corporate accountability. The data helps reduce the risk of greenwashing and support growth of companies committed to sustainability. Governments have a crucial role in promoting ESG investment and responsible corporate behavior.