COP16

Delegates failed to agree on a revised strategy to raise and distribute more funds to countries to protect nature. That raises doubts ahead of the global climate summit COP29, set to begin Nov 11.

The Mainboard-listed companies join UOB, Olam Agri and CDL in committing to disclose their material nature-related issues when reporting on FY2025 or earlier.

As the UN biodiversity summit COP16 enters its second and final week, a report by MSCI Carbon Markets draws a link between the carbon credit market and addressing the biodiversity funding challenge.

Around 14,000 people are registered to attend COP16 — a record turnout for the biennial affair.

Delegates from almost 200 countries are gathering this week in Colombia for the biennial UN summit on biodiversity.

On the investment side, Malaysia’s Permodalan Nasional Berhad and Employee Provident Fund were the top two, followed by BlackRock and Vanguard Group.

The United Nations’ COP16 biodiversity summit starts Oct 21 in the Colombian city of Cali.