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Canada has made progress cutting emissions The latest estimates from the Canadian Climate Institute show that Canadas emissions saw a modest drop in 2023 and now sit around 8% below where they were in 2005. Governments can deliver even deeper emission cuts by following through and finalizing developing and announced policies.
Data and models exist, but they’re incomplete and still developing. The evolving climate drives physical risks—damaged or strandedassets and business-interruption costs from severe weather events. Despite doubling its power generation, the company has committed to reducing greenhouse gas by 40% from 2005 levels by 2025.
To reflect these three pillars, responsible investment is now more commonly known as ESG Investment , an idea and term which originated from a 2005 ‘Who Cares Wins’ conference and report. Risk is a central element in the decision to factor ESG principles into investing, as it can reduce future losses related to strandedassets.
In 2005, a group of investment managers organised under the UN Environment Programme Finance Initiative (UNEP FI) commissioned law firm Freshfields Bruckhaus Deringer to publish a report , ‘A Legal Framework for the Integration of ESG Issues into Institutional Investment’. How does fiduciary duty relate to sustainable investment?
Climate change considerations are also fast becoming a cornerstone in Singapore's national development. The country has committed to unconditionally reducing GHG emissions intensity by 36 percent from 2005 levels, and to peak its carbon emissions by 2030. A low carbon economy will demand new skills both upstream and downstream.
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