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Good morning, this is Kasmira, and today we're covering the EU's green finance rules and asking where the UN's sustainable development goals fit in.

SIX, the Swiss stock exchange, has launched a series of ESG-approved stock market indices. However, not everyone is convinced. Plus, Credit Suisse says reducing the portfolio’s carbon footprint doesn’t necessarily lead to lower carbon emissions.

And not forgetting that today, the WTO will hold a special General Council meeting on appointing Nigeria's Ngozi Okonjo-Iweala as its next director-general. We'll have more on that on our website later today.

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Kasmira Jefford


Sustainable business & finance news

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The EU's incoming sustainable finance disclosure regulations and taxonomy framework are part of the European Green Deal, first laid out by EC President Ursula Von der Leyen in December 2019. (Keystone/ EPA/Olivier Hoslet)

📜 Where do SDGs fit into new EU green finance rules? As new EU disclosure regulations await the finance industry, Geneva-based adviser Ground_Up Project explains how the sustainable development goals align with the rules.

Geneva Solutions (EN)

🌱 📈 Swiss stock exchange launches sustainability index - but can it convince? SIX has developed a series of stock market and bond indices that meet ESG criteria, however, many experts question their usefulness.

Le Temps (Paywall) (FR)

🌍 💰 Credit Suisse says quick climate wins may reduce investor impact. A new report revealed reducing a portfolio’s carbon footprint does not necessarily lead to lower greenhouse-gas emissions.

Swissinfo (EN)

Here's what else is happening

Graphic of the day

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This chart shows CO2 from ships vs emissions from national car fleets in 2019 (million tons) (Source: Statista)

🚢 Trouble at sea. Shipping accounts for roughly three per cent of global carbon emissions, which puts it about on the same level as an entire country, such as Germany or Japan, as an emitter, says the World Economic Forum in the latest episode of its podcast “House on Fire”, with emissions expected to rise by 250 per cent in the next 30 years if no action is taken. Failure to meet an industry-wide goal of halving emission levels by 2020 relative to 2008 levels is not an option, say experts on the show.


Next on the agenda

18 February | Impact of Brexit on international Geneva organisations and its employees. This session aims to clarify the rules in force for British people employed by NGOs as well as the procedures to be followed by NGOs wishing to recruit British citizens.

International Geneva Welcome Centre (CAGI) (FR)

25 February | Managing ESG risks and the rise of ESG litigation Organisations are facing heightened conduct and litigation risks related to ESG performance, which this webinar looks to address.


Smart info

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♳ More effective trade policies could go a long way in reducing plastic waste. That's according to a research paper released last week by UNCTAD. It notes that exports of primary, intermediate, and final forms of plastics amounted to more than $1 trillion in 2018 - nearly 40 per cent higher than previous estimates on the trade in plastics.


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