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The 2026 Private Equity Climate Risks Scorecard reveals that 20 private equity firms, managing $7.3 trillion in assets, back 244 energy companies operating over 1,050 fossil fuel assets. These portfolios generate approximately 1.5 gigatons of annual greenhouse gas emissions, a volume that exceeds the emissions of the international shipping and aviation industries and ranks fifth globally, behind China, the U.S., India, and Russia. The report highlights that these firms own 15,000 miles of pipelines and 124GW of capacity across 324 fossil fuel plants. Furthermore, an analysis of dedicated oil and gas private equity funds active since 2001 indicates poor financial performance, with inflation-adjusted returns being negative on average. The document concludes that most of the studied firms have made limited progress in aligning their portfolios with climate standards to mitigate climate and financial risks.

The report finds that Canadian provinces are generally underplanning for industrial electricity demand and lagging in system flexibility and transmission build-out compared to international peers. While hydro-led provinces like Quebec and British Columbia have inherent flexibility advantages, non-hydro jurisdictions like Alberta and Ontario need to proactively build capacity. The report recommends that the federal government support interprovincial energy planning, deploy the national balance sheet for anticipatory grid build-out, implement flexible Clean Electricity Regulations, and prioritize system flexibility in federal programs.

The document outlines a benchmarking framework used to assess how jurisdictions attract investment in wind, solar, and battery projects. It defines six metrics: energy planning, flexibility planning, transmission planning, electricity procurement, industrial rate modernization, and climate policy certainty. The report provides the specific data sources, scoring rubrics, and calculation methods used to evaluate Ontario, Alberta, Quebec, British Columbia, Germany, the United Kingdom, Norway, New South Wales, Washington, and Texas.

The report assesses how Indonesia can move from corporate-level financing to project finance to meet a USD 24 billion investment requirement for transmission lines and substations. It analyzes five models: leasing, joint ventures (JVs), public-private partnerships (PPPs), infrastructure investment trusts (InvITs), and collective investment schemes for infrastructure (CIS-DINFRA). While leasing and JVs are easier to implement, InvITs and CIS-DINFRA offer the highest scalability and liquidity. The report emphasizes that success depends on three policy enablers: a dedicated transmission fee, off-balance sheet accounting treatment, and targeted fiscal support.

The report argues that the Article 6.4 Sustainable Development (SD) Tool is primarily procedural and fails to protect Indigenous Peoples and local communities due to an overreliance on national laws, narrow definitions of Indigenous status, and a restrictive approach to Free, Prior and Informed Consent (FPIC). Geospatial analysis reveals that hundreds of projects in the Article 6 pipeline—including both new notifications and transitioning Clean Development Mechanism (CDM) projects—overlap with or are in close proximity to Indigenous and community lands, particularly in Asia. Documented cases in India, Kenya, Colombia, and Brazil demonstrate that these gaps have already led to involuntary resettlement, inadequate compensation, and long-term land conflicts.

The report assesses how the African Organization for Standardisation (ARSO) can align its regional agriculture and forestry standards with the European Union Deforestation Regulation (EUDR) to protect market access for African producers. While ARSO possesses a strong governance framework and chain-of-custody requirements, it lacks mandatory forest conversion cut-off dates, plot-level geolocation mapping, and public transparency regarding audit methods. The document argues that updating these standards to match EUDR's strict no-exemption rules and data requirements is essential for African exporters to meet compliance deadlines by late 2026 for large companies and mid-2027 for smaller enterprises.

The evaluation concludes that the SAP has become operationally ineffective, failing to deliver on its promises of simplification and acceleration. While it has provided unintended value as a 'stepping-stone' for Direct Access Entities (DAEs) to build institutional capacity, it is now virtually indistinguishable from the standard Project Approval Process (PAP). The report recommends discontinuing the SAP in its current form and replacing it with a new, integrated access modality featuring delegated authority and a focus on replicating proven interventions rather than piloting new ideas.

The evaluation finds that while country ownership is a core principle of the GCF, its operationalization is uneven and often reduced to procedural compliance. Key structural bottlenecks include limited institutional capacity of National Designated Authorities (NDAs), a heavy reliance on International Accredited Entities (IAEs) over Direct Access Entities (DAEs), and a lack of meaningful whole-of-society engagement. The report recommends shifting from a process-based approach to one focused on long-term institution-building, simplifying access to finance, and embedding inclusivity as a cultural default.

The report assesses the alignment of ARSO's regional agriculture and forestry standards with the EUDR. While ARSO demonstrates strong institutional governance and a solid baseline for legal compliance, it lacks critical technical requirements for EUDR readiness, specifically regarding the December 31, 2020 cut-off date, plot-level geolocation, and structured ex ante risk assessments. The author recommends that ARSO adopt EUDR-aligned definitions of deforestation, mandate polygon-level mapping for plots over 4 hectares, and increase transparency regarding audit outcomes to help African producers maintain market access to the EU.

The 2025 assessment by WWF reveals a mixed landscape in asset management's approach to seafood-related E&S risks. While 40% of assessed firms showed improvements—largely through enhanced biodiversity commitments and adoption of TNFD recommendations—43% stagnated and 17% declined, with declines notably concentrated among US-based firms. A critical gap remains: only one asset manager (NBIM) has disclosed seafood-specific E&S expectations for investee companies. Despite the growth of 'blue' financial products, they represent a small fraction of sustainable finance, and most asset managers' engagement with seafood companies remains ad hoc rather than systematic.

To align with a 1.5°C pathway, the EU must increase wind and solar generation by a factor of 2 to 2.5 by 2030, reaching 1,618–1,861 TWh. This requires adding nearly 700 GW of new capacity (580 GW solar, 120 GW wind) by 2030. While current wind rollout is broadly consistent with these benchmarks, solar deployment is lagging, with a projected capacity gap of almost 160 GW by 2030. The report argues that fossil fuels must exit the EU power sector by 2035, with wind and solar providing 86% of electricity generation by 2050.

The report finds that agricultural methane is a 'systemic blind spot' for major global investors. Despite significant financial exposure to high-emitting agrifood companies, most of the 25 investors analysed have no standalone methane policies or targets, often folding methane into broader CO2-equivalent frameworks. The analysis highlights that a small number of investors, including Vanguard, BlackRock, and Fidelity Investments, account for a disproportionate share of financed methane emissions. While some companies like Danone and Marfrig have set methane targets, others, such as Nestlé, have withdrawn from collaborative initiatives like the Dairy Methane Action Alliance. The report warns of increasing regulatory, transition, and reputational risks, particularly in the EU, and calls for investors to align with the Global Methane Pledge to reduce emissions by 30% by 2030.

The report finds that sustainable finance taxonomies generally suffer from incomplete sectoral coverage, a tendency to prioritize usability over technical rigor, and a lack of specific, measurable criteria for methane abatement. While the energy sector has the most extensive coverage, agriculture and waste sectors are inconsistently addressed. The authors propose a set of evidence-based best practices and technical screening criteria to improve the environmental integrity of green finance frameworks.

The report evaluates the effectiveness of VSSs and corporate strategies in mitigating deforestation, particularly for commodities like soy, palm oil, cocoa, and timber. It finds that while preventive measures (Plan/Prepare) are strong and improving through geospatial technology, immediate response and recovery mechanisms are often generic or limited. The report advocates for a 'smart mix' of solutions, combining certification with landscape-level initiatives and financial incentives to build long-term resilience and sustainable value chains.

ASEAN requires between $4 billion and $10.7 billion in smart grid investments to support its energy transition, depending on the chosen ambition level. The report outlines three investment pathways based on international benchmarks: a low-level distribution-focused approach ($4 billion), a medium-level renewable growth approach ($6.7 billion), and a high-level regional integration approach ($10.7 billion). While Singapore serves as a governance and technical model with its Grid 2.0 strategy and Digital Twin, most ASEAN nations will require a mix of blended finance, green bonds, and regulatory reforms to fund these upgrades, with the largest investment needs concentrated in Indonesia, the Philippines, and Vietnam.

The report argues that non-metallic minerals—such as sand, gravel, and potash—differ from metallic minerals due to lower revenue potential, stronger domestic economic linkages, and a lack of benchmark prices for many varieties. It proposes a typology for royalties and transfer pricing based on a mineral's export propensity, price volatility, and the availability of benchmark prices. Key recommendations include using unit-based royalties for low-value construction materials to minimize administration costs, and ad-valorem royalties for high-value exports like graphite and potash to maximize revenue. The document also addresses cross-cutting issues such as environmental taxation, the formalization of artisanal mining through lower tax burdens, and the risks associated with tax incentives and export restrictions.

The report evaluates Armenia's progress toward a green economy and alignment with European Union environmental policies. It analyzes sectors including climate change, energy, biodiversity, and transport, while addressing cross-cutting themes such as sustainable finance and just transition to identify strategic pathways for advancement.

The 2024 assessment of 40 global banks reveals a slight increase in the average seafood policy score to 25%, up from 21% in 2023. While 48% of banks showed year-on-year improvements, the majority of policies remain insufficient to address key business resilience risks. European banks continue to lead in policy depth, while Asian banks are showing strong progress in sustainable finance frameworks. Despite 83% of banks recognizing general climate and nature risks, only 33% have seafood-specific policies. The report highlights a growing but still small market for 'blue' financial products, with 38% of assessed banks now disclosing blue-labeled products or eligibility criteria.

The report benchmarks Ukraine's green transition readiness across 12 sectors, emphasizing that post-war reconstruction offers a strategic opportunity to implement sustainable development and 'build back better' principles. It identifies high-level governance, green skills development, and integrated land use planning as critical priorities for the next 3 to 5 years to ensure national resilience and alignment with EU membership requirements.

The National Comprehensive Green Transition Assessment Report evaluates Moldova's progress toward a green economy and EU alignment. Based on research conducted between November 2023 and December 2024, the document analyzes policy planning, implementation, and institutional collaboration across sectors including energy, transport, and biodiversity. It aims to identify priority areas for government reform and targeted investments from international development partners to enhance Moldova's energy security and climate resilience.