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Climate research provider and environmental disclosure platform CDP announced today that more than 18,700 companies disclosed environmental data through CDP this year, marking an increase of more than 40% over the prior year. This is crucial because disclosure provides the impetus for action and the mechanism for accountability.
In retrospect, it also turned out that ESG portfolios contained less financial risk because they had more accurately identified risks from climatechange and considered other variables — such as resilience — for which no accepted risk methodology exists. A declining investment rationale for fossil fuels.
December marks the five-year anniversary of the Paris Agreement — a turning point for the movement to limit dangerous climatechange and environmental destruction. These leaders understood the direct linkage between climatechange and financial risk. Out of 727 companies headquartered in the U.S.
At the unprecedented rate at which climatechange is happening, more and more companies are starting to act with urgency. CDP disclosure is driving corporate transparency and helping to guide, incentivise and assess climate action.
Fifth Third maintains a Climate Leadership score of A- from CDP for its efforts and disclosures related to climatechange. The Company’s A- score placed Fifth Third in the top quartile of CDP’s Financial Services Activity Group. About TCFD.
Laurent Babikian, Joint Global Director Capital Markets at CDP, said: “The past few months of extreme weather have again shown us what a warming world does at 1.2 It will get catastrophically worse unless we see an unprecedented reduction in GHG emissions – 50% in the next eight years – to allow us to cap the rise at 1.5
CDL was the only real estate company in Southeast Asia and the only Singapore company recognised as a 2022 CDP Supplier Engagement Leader for the third consecutive year, placing CDL amongst the top 8% of companies assessed by CDP for supplier engagement on climatechange.
The new index, CAC SBT 1.5°, was launched with the support of asset manager Amundi, climate research provider and environmental disclosure platform CDP and SBTi.
The status report marks five years since the initial publication of the TCFD’s climate-related disclosure recommendations. Climate risks are also financial risks, and more measurement and disclosure are crucial to building a more sustainable and resilient economy and a safer future.”. Click here to access the 2022 TCFD status report.
The Science Based Targets initiative (SBTi) announced today the appointment of Maria Outters as Chief Impact Officer, a newly created role for the organization, aimed at driving strategic engagements, strengthening governance, and accelerating the growth of corporate climate action.
Guided by the SmartGreen Philosophy, Aflac identifies and evaluates environmental risks, including climatechange, based on financial impact and probability. To learn more about Aflac Incorporated’s ClimateChange 2021 submission to CDP and 2020 TCFD report, click here. Strategic sourcing and procurement.
As one of Singapore’s pioneers in real estate and green buildings, we have been proactively aligning our business with global and national goals to mitigate the negative impact of climatechange. Other notable accolades include maintaining double ‘A’s in the 2021 CDP Global A List for corporate climate action and water security.
Consumers also see this connection, with three out of four adults globally seeing a link between human health and climatechange according to an online survey commissioned by Kenvue earlier this year 5. 10 Inventory and reporting are aligned with RE100 technical criteria and supplemented by CDP.
Founded in 2015, SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice.
The organization said that its scale-up process is aimed at meeting surging demand for corporate decarbonization standards and target validation services, with the SBTi revealing that the number of companies with validated science-based climate targets has doubled over the past year, reaching 4,204 at the end of 2023, compared to 2,079 in 2022.
As one of Singapore’s pioneers in real estate and green buildings, we have been proactively aligning our business with global and national goals to mitigate the negative impact of climatechange. Other notable accolades include maintaining double ‘A’s in the 2021 CDP Global A List for corporate climate action and water security.
The Science Based Targets initiative (SBTi) announced today the launch of the Forest, Land and Agriculture (FLAG) Science Based Target Setting Guidance, providing a standard method for companies in land-based sectors to set science-based emissions reduction targets aligned with global climate goals. C within reach.”
Founded in 2015, SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice.
Companies, investors, and policy makers can also find resources from Ceres, World Resources Institute, Science-Based Targets Initiative, CDP, and Guidehouse. It has reduced its Scope 3 emissions by 6% compared to 2015 levels over a period in time where the company has seen significant growth.”.
Fifth Third maintains a Climate Leadership score of A- from CDP for its efforts and disclosures related to climatechange. The Company’s A- score placed Fifth Third in the top quartile of CDP’s Financial Services Activity Group. About TCFD.
He shared how he enjoyed working at Cisco and that Cisco is changing the world through technology. In 2015, I found out that Cisco was hiring a sustainability manager in its Shenzhen office. Climatechange is speeding up the global water crisis. I never thought that my dream would come true.
“We recognize the important role that the financial sector has in making necessary changes to adapt to a changing planet and create more resilient communities.”. Faillo began his career at Fifth Third in 2015 and most recently served in Investor Relations as the director of ESG reporting and analytics.
“We recognize the important role that the financial sector has in making necessary changes to adapt to a changing planet and create more resilient communities.”. Faillo began his career at Fifth Third in 2015 and most recently served in Investor Relations as the director of ESG reporting and analytics.
Tim Spence, who has been a part of Fifth Third’s leadership team since 2015, will become chief executive officer in addition to his current role as president of Fifth Third Bancorp. We recognize that climatechange is bigger than us and that the financial sector has an important role to play in addressing it.
Ambition Act for nature through responsible sourcing practices and strategic partnerships to conserve and restore biodiversity, mitigate and adapt to climatechange, and contribute to global water resilience 11. We strive to lead the way in corporate transparency and performance on forests and joined the CDP naturepositive challenge.
Founded in 2015, as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), SBTi has emerged as one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of addressing and limiting climatechange.
He shared how he enjoyed working at Cisco and that Cisco is changing the world through technology. In 2015, I found out that Cisco was hiring a sustainability manager in its Shenzhen office. Climatechange is speeding up the global water crisis. I never thought that my dream would come true.
CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions. Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5
A total of 2,253 companies across 70 countries and 15 industries have approved emissions reductions targets or commitments with the organisation, with 80% of targets approved by SBTi in 2021 aligned with limiting climatechange to 1.5°C. Since its foundation in 2015, the majority of SBTi companies with 1.5°C
By Michelle T Davies, EY Global Sustainability Legal Services Leader, and Ben Taylor, EY Global Strategy and Markets Leader, ClimateChange and Sustainability Services When the Task Force on Climate-Related Financial Disclosures (TCFD) launched in 2015, its primary aim was to prevent a potential meltdown in the financial markets.
If you thought the first two Intergovernmental Panel on ClimateChange (IPCC) reviews on climate science made for bleak reading, then the third instalment will be the hardest yet to digest. . The Carbon Disclosure Project’s (CDP) 2021 Global Supply Chain program, which represents 200 member organisations with US$5.5
ESG Investor’s weekly round-up of moves and appointments in the sustainable investing sector, including AXA IM, Macquarie AM, Pollination, Sphera, ISSB, and CDP. . Paul Simpson , CEO of environmental disclosure platform CDP , has been awarded an OBE for services to tackling climatechange.
C - 2° C compared to the pre-industrial era, to prevent the damaging effects of climatechange. Science-based targets show businesses how much and how quickly they need to reduce their GHG emissions to limit/counteract climatechange. C to avoid the catastrophic impacts of climatechange.
Besides, the pandemic has postponed the momentum towards COP26 or climatechange movements like Greta Thunberg’s Friday’s for future. On the other hand, sustainability and climatechange have never been so much in focus. of the CPG market (2015-2019). trillion, double than just four years ago.
In response to calls from investors for better climate-related information, the Financial Stability Board (FSB) in 2015 created the Task Force on Climate Related Financial Disclosures (TCFD), which was tasked with recommending disclosures related to climate-related risks for major companies. TCFD Reporting Statistics.
Myth 1: Climatechange isn’t a financial risk . Climatechange is a financial risk. Commitments made by over 200 countries at the 2015 Paris Climate Agreement have led to the implementation of 2,570 climate laws and policies. Climate regulation isn’t the only factor influencing financial risk.
In 2015, when a group of us met to ensure the voice of forward-looking business was heard at the crucial COP21 Paris Climate negotiations, this observation felt painfully familiar. Such initiatives were virtually inconceivable in 2015, and today they are primed for rapid expansion.
According to scientists achieving net-zero before 2050 is critical to keeping us safe from the catastrophic consequences of climatechange. The number of net-zero emissions commitments has doubled this year, as many prioritize climate action in their recovery from Covid-19 ( Data-Driven EnviroLab report).
Advocacy: Is your company’s lobbying in line with your climate goals? We need regulation to make climate action mandatory for business. What businesses say publicly about climatechange can therefore have a huge influence, especially when they talk about the benefits of action and the disadvantages of the status quo.
2021 SUSTAINABILITY PROGRESS UPDATE It gives me great pleasure to say that the most recent sustainability progress report shows that OSI has already disclosed key supply chain information to the CDP, a non-profit organization dedicated to addressing human impacts on climatechange, which was one of our sustainable supply goals.
According to the ClimateChange Performance Index, India is on track to meet its 2030 emissions target, which is compatible with a well below 2°C scenario, and is also close to achieving an energy mix with 40% renewables – eight years ahead of schedule. . Branching out .
This database was first compiled by the Climate Accountability Institute back in 2013 and is kept up to date through collaboration with disclosure platform CDP today. To this end, the Carbon Majors Database tracks the emissions of the top 100 oil, gas and coal mining groups. Less green over time. Scope 3 reporting.
According to the CDP , the potential financial impact of water risk to corporate earnings is in excess of US$301 billion while mitigating those risks is estimated to cost 1/5 th that amount! The drivers of water risk include climatechange/climatic events, failing infrastructure, pollution, weak regulations and poor company water stewardship.
Much of the impetus behind the GBF comes from a 2019 IPBES report, which found that 75% of the land-based and 66% of the marine environment had been significantly altered by human actions, nearly one million species were at risk of extinction from human activities, and that climatechange was significantly intensifying biodiversity loss.
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