Description: The goal of this dissertation is to facilitate the assessment of impacts from sustainable measures and projects with an emphasis on impact reporting for Green, Social or Sustainability Bonds in the Sustainable Finance market. It does so by providing analysts with the means to develop, depict, formulate, and assess a causal hypothesis between an intervention and its subsequent effects in an impact-chain, represented by desired environmental (E), social (S) or governance (G) changes. This is achieved by developing a methodology for so-called ESG Logic Models or ESG-LM, that combine heuristic Theories-of-Change with propositional logic and Bayesian Reasoning. Three research questions are investigated and responded to. Research Question 1 asks how such Theories-of-Change can be developed for any type of ESG-related issue and how the different process steps in a causal chain can be classified, hierarchised, and prioritised regarding their efficacy towards overarching sustainability goals and their plausibility. Research Question 2 studies (a) the means by which the analyst or any other interested third party might be warranted in believing the causal claims from an ESG-LM, and (b) how an ESG-LM can be improved if this credence is low. Research Question 3 then looks at the reporting of impacts themselves regarding indicator selection, indicator assessment and indicator quantification as well as the provision of information on the contributions and attributions by different actors. The dissertation draws on a variety of theories and adapts existing methods to achieve that. It operationalises concepts from empirical Sustainable Finance research and already existing impact assessment methodologies. It adapts scholarly and practitioner approaches for theory-based evaluation and applies a qualitative social science perspective towards theory-building and evaluation, while some of the assessment tools in the dissertation are grounded in Logic, Set Theory and Bayesian Epistemology. Examples for such tools include rules for the Attribution by actors, heuristics for the abduction of plausible outcome pathways, or a four-stage Argument and Decision-Tree to assess the credibility of ESG-LM claims (based on Bayes Theorem). My assessment of the entire methodology is positive overall, as it provides solutions to each of the three research areas. Limitations of the approach, and thus opportunities for further research, are the additional expertise and time required by analysts compared to the existing, and somewhat more pragmatic, solutions in the current market. However, this is outweighed in my opinion by the ability of the framework to strongly mitigate impact washing by actors in the financial markets as well as biases by analysts. Its overall methodology also provides opportunities for new research angles in the area of sustainability indicators and assessments.

Description: The project "Plastic Credits - Financing the Transition to the Global Circular Economy" supports the implementation of a waste management structure in India's rural regions. By that it aims to improve the current waste collection and treatment structures in the pilot regions Goa, Maharashtra, and Kerala. Herein, the project focuses on low value plastics (LVP), and especially multi-layer plastics (MLP), that have no market value. In order to analyze the environmental impacts of the project, an Environmental Impact Assessment (EIA) was conducted. The considered environmental components comprise: greenhouse gas emissions, usage of primary resources, impacts on marine and terrestrial wildlife, standard of living, and economic costs.

Description: Energy performance contracting (EPC) as a market instrument has been effective in promoting energy efficiency worldwide, but it has encountered many insurmountable obstacles in rural energy management. In this study, based on the characteristics of energy management in rural areas, three EPC modes are designed and tested in 24,000 rural households. The test results show that two adapted EPC modes of local government involvement and energy payment directly from the national grid can effectively overcome the barriers encountered in the traditional EPC modes and work well under the economic and social environmental conditions in rural areas. The key to the adaptation of the traditional EPC modes is the introduction of the local government as the third party. Participation of the third party can effectively reduce and remove the barriers and risks and increase the mutual trust between the clients (households) and the energy service companies (ESCOs). Based on the testing results, this study suggests that governmental departments should formulate relevant EPC policies and technical guidelines within the rural context. This research recommends that farmers should not manage their energy services by themselves and it is suggested to out-contracting ESCOs by applying the modes developed and tested by this paper.

Description: Tropical coastal benthic communities will change in species composition and relative dominance due to global (e.g., increasing water temperature) and local (e.g., increasing terrestrial influence due to land-based activity) stressors. This study aimed to gain insight into possible trajectories of coastal benthic assemblages in Raja Ampat, Indonesia, by studying coral reefs at varying distances from human activities and marine lakes with high turbidity in three temperature categories (〈31 °C, 31–32 °C, and 〉32 °C). The benthic community diversity and relative coverage of major benthic groups were quantified via replicate photo transects. The composition of benthic assemblages varied significantly among the reef and marine lake habitats. The marine lakes 〈31 °C contained hard coral, crustose coralline algae (CCA), and turf algae with coverages similar to those found in the coral reefs (17.4–18.8% hard coral, 3.5–26.3% CCA, and 15–15.5% turf algae, respectively), while the higher temperature marine lakes (31–32 °C and 〉32 °C) did not harbor hard coral or CCA. Benthic composition in the reefs was significantly influenced by geographic distance among sites but not by human activity or depth. Benthic composition in the marine lakes appeared to be structured by temperature, salinity, and degree of connection to the adjacent sea. Our results suggest that beyond a certain temperature (〉31 °C), benthic communities shift away from coral dominance, but new outcomes of assemblages can be highly distinct, with a possible varied dominance of macroalgae, benthic cyanobacterial mats, or filter feeders such as bivalves and tubeworms. This study illustrates the possible use of marine lake model systems to gain insight into shifts in the benthic community structure of tropical coastal ecosystems if hard corals are no longer dominant.

Description: The evolution of the Pontocaspian lakes and seas (Caspian Sea, Black Sea, Aral Sea) is characterised by major changes in water levels, which developed into a pulsating system of connected and isolated basins. During the late Quaternary (Late Pleistocene and Holocene), these basins have hosted a unique endemic biodiversity that experienced species turnover events. There are indications that the Pontocaspian species diversity is now in demise because of anthropogenic modifications of the ecosystem, such as habitat alteration, poaching, pollution and invasive species. Little data is available on faunal changes and resilience of Pontocaspian species to help discerning the effect of natural drivers and anthropogenic drivers on the endemic fauna, which is of direct relevance for conservation strategies. \nThis thesis aims to characterize species richness and abundance of fossil faunas to establish a baseline for comparison with the changing biodiversity of today. Mollusc species are used as the study group as they easily fossilize and are abundant in the geological record. They inform us about the composition of communities and how they change, and enable us to reconstruct environments (\xe2\x80\x98habitats\xe2\x80\x99). This is necessary in order to compare biodiversity through different time intervals and establish whether comparable habitats existed as those of today. A baseline of Pontocaspian mollusc faunas was achieved by analysing snapshots from the Caspian Sea basin and the Black Sea basin. Caspian mollusc assemblages are analysed from late Pleistocene (corresponding to the late Khazarian, Hyrcanian, early Khvalynian and late Khvalynian regional stages) and pre-20th century Holocene (Novocaspian) assemblages. Black Sea assemblages from the late Neoeuxinian and late Holocene are described. They are both compared with modern day assemblages. \nThis study shows clear indications of a Pontocaspian mollusc diversity crisis. Overall, in the 20th\xe2\x80\x9321st century, Pontocaspian molluscs have experienced a severe decline in species richness and abundance: a strong turnover towards invasive species in the Caspian basin, a strong habitat decline in parts of the Black Sea basin and a total obliteration in the Aral basin. The late Quaternary mollusc fauna snapshots demonstrate that endemic species dominated the Caspian communities with minor contributions of native species until the late Holocene. The Pontocaspian mollusc species richness in the Caspian Sea basin is higher than in the Pontocaspian habitats of the Black Sea basin, or the Aral Sea basin. Throughout the Late Quaternary, the strong natural fluctuations of Caspian Sea level affected shallow water bivalve species of the genus Didacna, but barely changed the overall composition of the mollusc faunas. Late Quaternary mollusc fauna snapshots of the Black Sea basin show very little change in the Pontocaspian species community since humans impacted the habitats. However, the Black Sea Pontocaspian mollusc communities are currently under severe threat of habitat deterioration and destruction. \nThis research indicates that the Caspian Sea could act as a source for Pontocaspian biota, hence conservation efforts are imperative there. The deeper parts (〉50 m water depth) possibly present a (partial) refuge, and urgent research is required to assess these habitats and their faunas. Future research should focus on improving the taxonomic framework to elucidate the identity of some Pontocaspian cryptic and sister species. We need more distribution and ecological data of current Pontocaspian species and more detailed biodiversity time series coupled with detailed environmental proxies to assess the nature of the Pontocaspian biodiversity crisis more comprehensively and plan conservation actions accordingly.

Description: Although small and medium-sized enterprises (SMEs) contribute considerably to Germany's carbon emissions, regional savings and cooperative banks - SMEs' most important financiers - hardly consider this aspect in lending to these businesses. However, given Germany's commitment to climate neutrality by 2045, suitable approaches for injecting climate finance into these SME lending processes are greatly required. Against this background, the paper at hand aims to introduce the specific case of regional banks into the debate on green finance and green banking and suggest future research in this context. In discussing the state of research on the peculiarities of regional savings and cooperative banks, we outline the resulting opportunities and limitations for climate impact assessments in SME lending. We argue that while the dual bottom-line orientation of regional banks in Germany precludes them from applying simple positive or negative screenings, their in-depth knowledge about local clients and circumstances enables them to be active and engaging partners for the green transformation of SMEs. Nonetheless, we explain why developing solutions to utilise this knowledge for climate finance by integrating climate impact assessments into routine lending processes remains a particularly challenging task.

Description: The transition to a greener and more circular economy has been a European policy priority for several years. The Circular Economy Action Plan of 2020 underlines the ambition. The following EEA initiatives are meant to support the transition process: - Bellagio Process on circular economy monitoring principles (EPA network); - Enhancement of EEA indicators on circular economy (ETC/WMGE); - Explorative work on novel data streams (FWC); - Co-creation work - knowledge sharing of monitoring experience (ETC/Eionet). The scope of the present task was to report on the co-creation process that was undertaken at the end of 2020. The co-creation process was organised to identify: (i) best practices on monitoring strategies, data sources and target setting; and (ii) areas of circularity measuring and monitoring that remain challenging and require additional investment. The co-creation process partially built on the work done during the Bellagio Process/Initiative which was run in parallel. This ETC report presents and documents the evidence gathered throughout the co- creation process as well as providing a retrospective analysis of the links to the Bellagio Principles.

Description: The need for a transition towards a circular economy (CE) is evident, as the current economic model is based on the exploitation of far more resources than the planet can replenish sustainably. A significant part of this economic transition is the inception of new, CE-oriented startups and business activities. While business model frameworks (BMF), such as the Business Model Canvas (BMC), were at the center of discussions about structuring business ideas in the beginning of the millennium, the conversation must now shift towards circular BMFs (CBMF). This paper follows the Design Research Methodology (DRM) for an empirical approach to devising a novel CBMF, including expert interviews as well as a first application of the framework with a startup. Throughout this process, a new and innovative tool called Circular Business Framework (CBF) was created and tested based on CE principles.

Description: The Distributed System of Scientific Collections (DiSSCo) is a pan-European Research \nInfrastructure (RI) initiative. DiSSCo aims to bring together natural science collections from \n175 museums, botanical gardens, universities and research institutes across 23 countries \nin a distributed infrastructure that makes these collections physically and digitally open and \naccessible for all forms of research and innovation. DiSSCo RI entered the ESFRI \nroadmap in 2018 and successfully concluded its Preparatory Phase in early 2023. The RI \nis now transitioning towards the constitution of its legal entity (an ERIC) and the start of its \nscaled-up construction (implementation) programme. This publication is an abridged \nversion of the successful grant proposal for the DiSSCo Transition Project which has the \ngoal of ensuring the seamless transition of the DiSSCo RI from its Preparatory Phase to \nthe Construction Phase (expected to start in 2025). In this transition period, the Project will \naddress five objectives building on the outcomes of the Preparatory Phase project: \n1) Advance the DiSSCo ERIC process and complete its policy framework, ensuring the \nsmooth early-phase Implementation of DISSCo; \n2) Engage & support DiSSCo National Nodes to strengthen national commitments; \n3) Advance the development of core e-services to avoid the accumulation of technical debt \nbefore the start of the Implementation Phase; \n4) Continue international collaboration on standards & best practices needed for the \nDiSSCo service provision; and \n5) Continue supporting DiSSCo RI interim governance bodies and transition them to the \nDiSSCo ERIC formal governance. \nThe Project\xe2\x80\x99s impact will be measured against the increase in the RI\'s overall \nImplementation Readiness Level (IRL). More specifically, we will monitor its impact towards \nreaching the required level of maturity in four of the five dimensions of the IRL that can \nbenefit from further developments. These include the organisational, financial, \ntechnological and data readiness levels.

Description: DiSSCo, the Distributed System of Scientific Collections, is a pan-European Research \nInfrastructure (RI) mobilising, unifying bio- and geo-diversity information connected to the \nspecimens held in natural science collections and delivering it to scientific communities and \nbeyond. Bringing together 120 institutions across 21 countries and combining earlier \ninvestments in data interoperability practices with technological advancements in \ndigitisation, cloud services and semantic linking, DiSSCo makes the data from natural \nscience collections available as one virtual data cloud, connected with data emerging from \nnew techniques and not already linked to specimens. These new data include DNA \nbarcodes, whole genome sequences, proteomics and metabolomics data, chemical data, \ntrait data, and imaging data (Computer-assisted Tomography (CT), Synchrotron, etc.), to name but a few; and will lead to a wide range of end-user services that begins with finding, \naccessing, using and improving data. DiSSCo will deliver the diagnostic information \nrequired for novel approaches and new services that will transform the landscape of what \nis possible in ways that are hard to imagine today. \nWith approximately 1.5 billion objects to be digitised, bringing natural science collections to \nthe information age is expected to result in many tens of petabytes of new data over the \nnext decades, used on average by 5,000 \xe2\x80\x93 15,000 unique users every day. This requires \nnew skills, clear policies and robust procedures and new technologies to create, work with \nand manage large digital datasets over their entire research data lifecycle, including their \nlong-term storage and preservation and open access. Such processes and procedures \nmust match and be derived from the latest thinking in open science and data management, \nrealising the core principles of \'findable, accessible, interoperable and reusable\' (FAIR). \nSynthesised from results of the ICEDIG project ("Innovation and Consolidation for Large \nScale Digitisation of Natural Heritage", EU Horizon 2020 grant agreement No. 777483) the \nDiSSCo Conceptual Design Blueprint covers the organisational arrangements, processes \nand practices, the architecture, tools and technologies, culture, skills and capacity building \nand governance and business model proposals for constructing the digitisation \ninfrastructure of DiSSCo. In this context, the digitisation infrastructure of DiSSCo must be \ninterpreted as that infrastructure (machinery, processing, procedures, personnel, \norganisation) offering Europe-wide capabilities for mass digitisation and digitisation-ondemand, \nand for the subsequent management (i.e., curation, publication, processing) and \nuse of the resulting data. The blueprint constitutes the essential background needed to \ncontinue work to raise the overall maturity of the DiSSCo Programme across multiple \ndimensions (organisational, technical, scientific, data, financial) to achieve readiness to \nbegin construction. \nToday, collection digitisation efforts have reached most collection-holding institutions \nacross Europe. Much of the leadership and many of the people involved in digitisation and \nworking with digital collections wish to take steps forward and expand the efforts to benefit \nfurther from the already noticeable positive effects. The collective results of examining \ntechnical, financial, policy and governance aspects show the way forward to operating a \nlarge distributed initiative i.e., the Distributed System of Scientific Collections (DiSSCo) for \nnatural science collections across Europe. Ample examples, opportunities and need for \ninnovation and consolidation for large scale digitisation of natural heritage have been \ndescribed. The blueprint makes one hundred and four (104) recommendations to be \nconsidered by other elements of the DiSSCo Programme of linked projects (i.e., \nSYNTHESYS+, COST MOBILISE, DiSSCo Prepare, and others to follow) and the DiSSCo \nProgramme leadership as the journey towards organisational, technical, scientific, data and \nfinancial readiness continues. \nNevertheless, significant obstacles must be overcome as a matter of priority if DiSSCo is to \nmove beyond its Design and Preparatory Phases during 2024. Specifically, these include: \nOrganisational: \n\xe2\x80\xa2 Strengthen common purpose by adopting a common framework for policy \nharmonisation and capacity enhancement across broad areas, especially in respect \nof digitisation strategy and prioritisation, digitisation processes and techniques, data \nand digital media publication and open access, protection of and access to \nsensitive data, and administration of access and benefit sharing. \n\xe2\x80\xa2 Pursue the joint ventures and other relationships necessary to the successful \ndelivery of the DiSSCo mission, especially ventures with GBIF and other \ninternational and regional digitisation and data aggregation organisations, in the \ncontext of infrastructure policy frameworks, such as EOSC. Proceed with the \nexplicit aim of avoiding divergences of approach in global natural science \ncollections data management and research. \nTechnical: \n\xe2\x80\xa2 Adopt and enhance the DiSSCo Digital Specimen Architecture and, specifically as \na matter of urgency, establish the persistent identifier scheme to be used by \nDiSSCo and (ideally) other comparable regional initiatives. \n\xe2\x80\xa2 Establish (software) engineering development and (infrastructure) operations team \nand direction essential to the delivery of services and functionalities expected from \nDiSSCo such that earnest engineering can lead to an early start of DiSSCo \noperations. \nScientific: \n\xe2\x80\xa2 Establish a common digital research agenda leveraging Digital (extended) \nSpecimens as anchoring points for all specimen-associated and -derived \ninformation, demonstrating to research institutions and policy/decision-makers the \nnew possibilities, opportunities and value of participating in the DiSSCo research \ninfrastructure. \nData: \n\xe2\x80\xa2 Adopt the FAIR Digital Object Framework and the International Image \nInteroperability Framework as the low entropy means to achieving uniform access \nto rich data (image and non-image) that is findable, accessible, interoperable and \nreusable (FAIR). \n\xe2\x80\xa2 Develop and promote best practice approaches towards achieving the best \ndigitisation results in terms of quality (best, according to agreed minimum \ninformation and other specifications), time (highest throughput, fast), and cost \n(lowest, minimal per specimen). \nFinancial \n\xe2\x80\xa2 Broaden attractiveness (i.e., improve bankability) of DiSSCo as an infrastructure to \ninvest in. \n\xe2\x80\xa2 Plan for finding ways to bridge the funding gap to avoid disruptions in the critical \nfunding path that risks interrupting core operations; especially when the gap opens \nbetween the end of preparations and beginning of implementation due to unsolved \npolitical difficulties. \nStrategically, it is vital to balance the multiple factors addressed by the blueprint against \none another to achieve the desired goals of the DiSSCo programme. Decisions cannot be \ntaken on one aspect alone without considering other aspects, and here the various \ngovernance structures of DiSSCo (General Assembly, advisory boards, and stakeholder \nforums) play a critical role over the coming years.