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The campaign is backed by many of the world’s largest financial institutions including Allianz Global Investors, AXA Group, Crédit Agricole and UBS, as well as by 45 multinational companies with over $710 billion in annual procurement spending, such as PepsiCo, Astra Zeneca, and Schneider Electric.
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.
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 2021 Progress Report, ‘ Scaling Urgent Corporate Climate Action Worldwide ’, found that companies committed to cut emissions in line with climate science now represent US$38 trillion of the globaleconomy, more than one-third of global market capitalisation (up from 20% in 2020). Grounds for optimism.
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.
Reduction targets are “science-based” if they align with levels the scientific community deems necessary to meet the 1.5 - 2 °C temperature reduction target set by the 2015 Paris Agreement. More than 70 countries , including the biggest polluters — have set a net-zero target, covering about 76% of global emissions.
In December 2015, as a response to increasingly frequent environmental disasters that disrupted ecosystems and human health — plus caused unforeseen business losses and jeopardized assets and infrastructure — the Financial Stability Board launched the Taskforce on Climate-related Financial Disclosures (TCFD). So, the TCFD was born.
Nature underpins societal wellbeing by providing basic life support services and material goods such as soil, air, water, food, fuel, and fibre 1 , so the impacts of nature loss are wide-reaching and threaten the foundations of our globaleconomies, livelihoods, and food systems 2,3. Díaz, & H. IPBES secretariat. 6 Ceballos, G.,
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 globaleconomy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5
Baker McKenzie established its climate change practice two decades ago, one of the first firms to do so, and it is one of the largest law organizations to belong to the United Nations Global Compact, which it joined in 2015. Jill Kolling, Vice President, Global Sustainability, Cargill. LinkedIn | Twitter. LinkedIn | Twitter.
With the addition of the new tools created in partnership with Normative, CDP, BSR and the University of Cambridge Institute for Sustainability Leadership, the SME Climate Hub will be able to better enable SMEs to make strategic and impactful emissions reductions, track their progress, and demonstrate climate leadership.
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