Bridging the Gap in Emerging Markets: Emissions Data made Actionable and Accounable

In the dynamic world of finance, where the stakes are high and the commitment to sustainability even higher, financial institutions find themselves navigating a vast sea of information. The immense pressure for emerging economies to balance growth with reducing emissions and a lack of engagement from the private sector in carbon accounting and committing to net-zero emissions makes this difficult. How can financial institutions operating in emerging economies ensure a consistent and comparable way of measuring their impact on the environment and society? With the Joint Impact Model, this is possible! The Joint Impact Model is a web-based tool that can measure key metrics: GHG emissions, jobs supported, and value added.  

 

Ensuring the accountability of financial institutions holds great significance in the pursuit of a more sustainable and resilient global economy. Through the utilization of the JIM, financial institutions can gain a comprehensive understanding of their climate impact. This equips financial institutions with the tools to make better decisions regarding where their investments should be channeled. Additionally, the publicly available nature of the JIM gives rise to a culture of transparency ensuring that the impact assessment process remains open for scrutiny and accountability, thereby strengthening the commitment of financial institutions in emerging economies to a greener and more equitable global landscape.  

 

Last year, at CWNYC 2022, we established the JIM Foundation as a non-profit, and by now we have over 300 institutions who have requested access to the JIM, and at least 25 who have publicly disclosed figures with the JIM. We are back this year with some exciting new announcements!  

 

At the CWNYC 2023, the JIM Foundation will showcase how the JIM can help financial institutions with estimation of GHG emissions. Additionally, The JIM Foundation is thrilled to provide an exclusive first view of the new interface will look like as well as share invaluable insights gained from members across the globe. Discover how JIM has empowered financial institutions to estimate their environmental and social footprints, elevating their sustainability practices. That’s not all! We will also provide some insight on how the Joint Impact Model can help financial institutions operating in emerging economies report with the SFDR and IFRS S1 and S2 regulations.