The Generation Foundation on LinkedIn: Fossil Fuel Companies Reap Billions From Arcane Dispute Clause (2024)

🌟Exciting Leadership Announcement at the Microinsurance Network!🌟We are thrilled to welcomeMatthew Genazzinias the new Executive Director of The Microinsurance Network (MiN).With 18 years of experience in inclusive finance, Matt brings a wealth of knowledge and a strong commitment to promoting financial resilience among vulnerable communities.Matt’s extensive background, including his leadership at ADA and his role in the Smallholder Safety Net Upscaling Programme, positions him perfectly to lead MiN in its mission to close the protection gap and enhance financial resilience globally.Join us in congratulating Matt and supporting MiN’s continued efforts to build a world where everyone is more resilient to risks. 🌍https://lnkd.in/e-zpvsVa#Leadership #InclusiveFinance #Microinsurance #FinancialResilience #MiN International Labour Organization

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Take a look at our grant to Harvard Kennedy School's Regional Energy Transitions Project. The project aims to identify the characteristics of communities that successfully weather periods of economic change, especially the low-carbon transition. It uses data science and data visualization to inform regional management of the global energy transition and suggest possible interventions to create more resilient communities.This is a timely and relevant topic for policymakers, investors and civil society groups who are interested in the social and economic impacts of climate change and how to mitigate them. If you want to learn more about this project, you can check out their website or listen to their podcast included in the link below. https://lnkd.in/eVvbUtnw#energytransition #datascience #climatechange #JustTransition

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Who is hiring? 🔵 350.org | Multiple roles | https://350.org/jobs/🔵 Equimundo: Center for Masculinities and Social Justice | Business Development Officer | https://lnkd.in/epbVs9AB🔵 International Institute for Environment and Development (IIED) | Sustainability Lead | https://lnkd.in/e3RQeNc#SustainabilityCareers #SustainabilityJob

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This recent report by InfluenceMap sheds light on the persistent influence of the fossil fuel sector in shaping energy policy. It's a call to action for all stakeholders – including investors – in the energy industry to reassess strategies and align them with sustainable practices. 🔴 Industry Opposition: The oil and gas industry has systematically opposed the energy transition since 1967, using narratives that contradict science-aligned policy.🔴 Narrative Playbook: Three main narratives—Solution Skepticism,Policy Neutrality, andAffordability and Energy Security—have been used to delay renewable energy and electric vehicle adoption.🔴 Misalignment: Some major oil and gas companies pay high fees to industry associations that do not fully represent their climate policy positions.The full report offers is a valuable resource for those looking to understand the challenges and opportunities posed by policy engagement in the energy transition. Read and download here: https://lnkd.in/gFAJtgYwOr read the report author Tom Holen's article in Social Europe: https://lnkd.in/eWVtMwtg

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Recently Rights CoLab and partners launched an excellent new resource to support investors in discerning the quality of due diligence being carried out by their portfolio companies: the Investor HREDD (Human Rights and Environmental Due Diligence) Precision Tools website. We are proud to be supporting this effort.Created for and with investors, each tool addresses an HREDD pain point for companies. The website currently features the first two tools:Certifications Red Flags, developed by Rights CoLab Investor Guidance on Responsible Contracting, developed by the Responsible Contracting Project and Interfaith Center on Corporate Responsibility (ICCR).Three more tools – on Stakeholder Engagement, on Remedy, and an Engagement Script - are forthcoming.An open platform, the partnership is also welcoming the HREDD tools developed by other organizations in order to create a one-stop-shop of tools all aligned with international standards. In the coming months Rights CoLab will be hosting interactive learning and feedback sessions with investors to further test and refine the tools. Read more here: https://lnkd.in/eJgNWe_r#HREDD #ResponsibleInvesting #InvestorTools #DueDiligence #SustainableInvesting #ESG

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Today the World Benchmarking Alliance launched its Gender Collective Impact Coalition (CIC), with the goal ofdriving company change to accelerate the recognition, prevention and redress of violence and harassmentin global apparel and agricultural supply chains. Supply chains are the backbone of global commerce. It is imperative that we ensure these networks are not only efficient but also ethical. The World Benchmarking Alliance's call to action for companies to address violence and harassment in their supply chains is a critical step towards a more equitable and humane business environment.The Gender CIC builds on evidence fromWBA’s Gender Benchmark, which assessed 112 companies in the apparel and food sectors.Read more: https://lnkd.in/efC_AWy3

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Take a look at the University of Liverpool’s write up their symposium with the International Labor Organization’s Social Finance Programme.Entitled ‘Finance Sector and Social Outcomes’, the event brought together researchers, practitioners and policymakers to explore how the financial sector can improve decent work opportunities and promote positive social outcomes.One such way is inclusive insurance. Approximately 3.5 billion people lack access to adequate insurance, leaving them vulnerable to the consequences of every-day and extreme shocksWe are working with the ILO’s Impact Insurance Facility and The Microinsurance Network Network to address the undersupply of insurance to vulnerable people. With our funding they will generate evidence of profitable inclusive insurance products and methodologies including some public-private partnerships and engage with insurers and policy makers.Take a look at the write up of the recent event: https://lnkd.in/e38RiSWW #InclusiveInsurance

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Corporate Accountability in Social Issues: A Data-Driven DialogueWednesday 10 July 2024 from 13:15–14:30 EDTConference Room D, UN Building, New York***Join World Benchmarking Alliance (WBA) tomorrow at their official High-Level Political Forum (HLPF) side event to strengthen corporate accountability on social issues. Co-organised with several United Nations agencies, this roundtable facilitates a dialogue to strengthen corporate accountability on social issues, aligning with the HLPF 2024 theme of eradicating poverty amidst multiple crises. WBA is a non-profit organisation that assesses and ranks the world’s most influential companies on their contribution to the SDGs. They publish free and publicly available benchmarks to empower all stakeholders, from investors to consumers, to hold the private sector accountable on the role in building a more sustainable world that works for everyone.We support WBA’s work on gender equality, particularly their Gender Benchmark. By filling the data gaps and coordinating stakeholders around the issues that surface from the benchmark, we can understand and drive company performance on gender, including their policies around unpaid care.https://lnkd.in/ewHbjvgH

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Take a look at Responsible Investor’s coverage of ‘Long term value creation in a changing world’, the final project from our Legal Framework for Impact project with UNEP FI and PRI. In his foreword, Senior Partner of Generation Investment Management, David Blood, notes that the original report, published by Freshfields in 2021 “demonstrated that pursuit of impact cannot and should not remain a specialist practice. Instead, mainstream investors should feel empowered to set impact goals and take action to achieve them through their asset allocation, stewardship and policy advocacy. It set out the legal basis for capital markets to respond to, and provide a means for, society’s ambitions. It also described what must change to ensure that the rules that govern our financial system foster a truly sustainable economy.”https://lnkd.in/ePDwQ8XA#ImpactLegalFrameworkUnited Nations Environment Programme Finance Initiative (UNEP FI)Principles for Responsible InvestmentFreshfields Bruckhaus Deringer

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