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Reputational Risks and Opportunities: Managing the Impacts of COVID-19 and ClimateChange. The COVID-19 pandemic has exposed the fragility of the globaleconomy and its supply chains. Building a supply chain that is resilient to the impacts of both climatechange and COVID-19. Tue, 05/19/2020 - 09:49.
Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.
And then 2020 happened. To our immense satisfaction, we saw little carnage within corporate sustainability departments during 2020 relative to previous economic downturns, when such functions were often among the first to be downsized or jettisoned. That’s changing. And the year ahead certainly would bring more of the same.
How the climate crisis will crash the economy. Mon, 09/14/2020 - 02:11. Even before all that, we’d been watching the real-world risks of climatechange looming and growing across the United States and around the world. economy throughout this century, especially in the absence of increased adaptation efforts.”
Mon, 10/12/2020 - 01:30. But carbon is also moving constantly through the globaleconomy, which historically has been powered by burning fossil fuels for energy. As the most prevalent of the greenhouse gases (GHGs), CO2 plays an outsize role in globalclimatechange — for example, it accounted for 81 percent of U.S.
A new Swedish iron processing project could disrupt the global steel industry. Thu, 12/17/2020 - 00:20. From a climatechange perspective, steelmaking is considered one of the "hard-to-abate" sectors. Change requires exploration of new concepts and solutions. Thomas Koch Blank. New challenges, new opportunities.
Tue, 10/13/2020 - 00:46. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with globalclimate targets by mid-century. HSBC is latest bank to pledge net-zero financed emissions by mid-century.
These unprecedented humanitarian challenges have negatively impacted education, leaving thousands of children and young adults in worse positions than before 2020. We are also at a tipping point in climatechange. The program equips participants with hard and soft skills needed to flourish in the globaleconomy.
ESG issues continue to gain prominence, with climatechange getting the most attention today. This will have a tremendous impact on nature that, in turn, will affect businesses and the globaleconomy. As with climate-related risks, nature-related risks need to be better understood and acted upon. ClimateChange.
Photo: CARE Peru Data from the Gates Foundation suggests that investing in the economic power of women like Fariha could boost the globaleconomy by as much as $10 trillion by 2030 – twice the GDP of Japan, the world’s third largest economy. Elizabeth Vargas Vilca and her staff at her shoe manufacturing business.
Indeed, in early 2020, J.P. Morgan Global Equity Research estimated that the sustainable investing market is expected to reach $45 trillion in assets under management (AUM) by the end of the year. In early 2020, TSMC and offshore-wind leader Ørsted signed the world’s largest renewables corporate power purchase agreement (PPA).
Fri, 07/10/2020 - 00:50. With record high unemployment , a reeling globaleconomy and concerns of food shortages , the world as we know it is changing. Climate Action Summit and has become a global symbol of environmental activism. 20 must-read books about food systems. Danielle Nierenberg.
Buried beneath the dour daily headlines on COVID-19 infections, lockdowns and travel bans, the latest science about our planet released during 2020 makes for tough reading. Despite the reductions in air travel and the global economic slowdown caused by the pandemic, climatechange sadly has not slowed down this past year.
Mon, 06/01/2020 - 00:00. When more than 190,000 humans died of COVID-19 globally, nearly five times the number one month earlier, and more than 20 million Americans lost their jobs. When the globaleconomy essentially sank like a stone as people world over sheltered in place. Is sustainability undergoing a pandemic pause?
Mon, 12/14/2020 - 00:05. 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. Ateli Iyalla. So, the TCFD was born.
Tue, 05/05/2020 - 04:23. The economic fallout caused by the COVID-19 pandemic is forcing governments around the world to come up with policies for stimulating the globaleconomy. Before the shovels hit the dirt, it's worth understanding how the world of 2020 is different from the world of 2008. Katherine Davisson.
You sigh with relief knowing that the world had accomplished something no one thought was possible: We’d turned back the clock on climatechange. Much of the current conversation around climatechange focuses on the obstacles that make the problem so difficult to solve.
Tue, 12/08/2020 - 02:11. Can ESG data help ensure that they are built in a manner that makes them resilient in a climate-changing world, even mitigate the threats of droughts, floods, hurricanes, wildfires and all of the other calamities in the first place? Following the money: A sustainable finance odyssey. Joel Makower.
Green groups urge UN to raise climate ambition on global shipping. Tue, 10/20/2020 - 00:15. The global shipping industry's decarbonization efforts once again face stormy seas. ClimateChange. Cecilia Keating. Shipping & Logistics. Corporate Strategy. Sustainable Shipping. BusinessGreen. Sponsored Article.
Fri, 06/12/2020 - 02:00. Between a selfish free-for-all in which we ignore the fate of the losers, and a future in which the strong and successful accept their responsibilities, showing global vision and leadership. It’s time to put people first. Lise Kingo. The organization's new leader, Sanda Ojiambo, begins June 17.
Every major economy has an industrial zone like the Port of Rotterdam, a place where smokestacks, pipes, and tanks tell one story of climatechange. Having presented the global risks from Arctic climatechange to audiences at the World Economic Forum at Davos each year, Gail is worried. trillion in 2020.
Jimmy Samartzis, Chief Executive Officer of LanzaJet said: “We continue to build a leading team of investors along the SAF value chain who believe in LanzaJet’s ability to decarbonize aviation, which will both address climatechange and enable the globaleconomy.
Thu, 07/23/2020 - 01:00. Anything with "technology convergence" and "climatechange" in the same sentence captures my attention. But the vision they lay out isn’t all that far off: Climatechange solved and poverty eradicated within the next 15 years? Are we on the cusp of the 'Age of Freedom'? Shana Rappaport.
Trade is the globaleconomy's lifeblood, with maritime transport at its core. But the carbon footprint of port operations and shipping is substantial, with shipping accounting for nearly 3% of global greenhouse gas emissions , according to the Organisation for Economic Co-operation and Development (OECD).
DESCRIPTION: The 27th United Nations (UN) Conference of the Parties (COP), which took place this November in Sharm El Sheikh, Egypt, marked a significant milestone in developing action against climatechange. Climatechange inequality, contributors and sufferers, has been a key agenda item at COP for many years.
This event will delve into the means and examples of how to access funding by GCF and the critical role of ESG principles in shaping investment decisions and financial mechanisms to combat climatechange and foster a more sustainable globaleconomy. Aslanbayli has previously worked with the I.C.E.
A group of CEOs from leading companies and financial institutions issued a call upon G7 governments to institute policies and practices enabling private sector capital mobilization for investment in the transition to a low carbon globaleconomy. In the letter, the executive wrote: “Tackling climatechange is complex and expensive.
This appointment is a critical next step as we formalize our ESG commitments throughout our organization, and leverage new paradigm-shifting technologies to combat climatechange and green our sectors.”. From 2019 to 2020, she was Head of Business Development for Genesia, leading the company’s expansion into Colombia, Peru and Uruguay.
Commissioned by the High Level Panel for a Sustainable Ocean Economy, a group of 14 heads of government [3], ‘The expected impacts of climatechange on the ocean economy’ assesses global to local climate impacts on three of the largest sources of ocean-based revenue and jobs – coral reef tourism, wild capture fisheries and marine aquaculture.
This means that every 25 years, global warming will increase by 0.5°C in 2020 amid Covid-19 lockdowns that restricted travel and economic activity, which many hoped would serve as the catalyst for further reductions year-on-year. However, current evaluations of climatechange’s economic impact paint a somewhat muted impact.
Amidst the escalating impacts and threats of climatechange, heads of state, negotiators, climate scientists, activists and business leaders prepare to meet for COP27, taking place in Sharm El-Sheikh, Egypt. The consequences of inaction are already being felt globally, with the world’s vulnerable most severely impacted. .
According to recent Harvard Law School research, the vast majority of S&P 500 companies are now tying executive compensation to some form of ESG performance: 66 percent of S&P companies did so in 2020, a figure that increased to 73 percent by 2021. Why are firms making this part of their governance strategies?
At the launch of the Coalition in 2020, members chose to focus on publicly reporting food waste and loss, aligned with guidance from Champions 12.3. Since the creation of our Coalition in 2020, we have learned how to target, measure, and act, and we now feel able to help other manufacturers and retailers across the industry do the same.”
A growing body of research warns that the financial sector is underestimating the risks of Earth’s system tipping points – how should it respond? The gap between the science of climatechange and the emerging tools aimed at helping the financial sector manage concomitant risks is the subject of intensifying debate.
Pricing and intermediating risk is a core function for insurance companies, but this has become far more challenging given the unprecedented risks associated with climatechange. At the same time, regulators are requiring insurers to quantify and disclose them.
Tourism is projected to make up nearly 12% of the globaleconomy by 2033, but it is also poised to consume a troubling 40% of the world’s remaining 1.5°C trillion to global GDP in 2022, and the WTTC forecasts [pdf] that figure doubling to represent 11.6% Travel and tourism added US$7.7
The CDP Global Water Report (2020) informs us that, when it comes to water security, “The cost of inaction is five times the cost of action.”. CEO Water Mandate a UN Global Compact initiative, highlights that “According to the World Economic Forum, water crises have been among the top five global risks in each of the last seven years.”
The report seems to find that annual investments in nature-based solutions will have to triple by 2030 and increase four-fold by 2050 from the current investments of $133 billion (using 2020 as base year). Biodiversity loss is already costing the globaleconomy 10 percent of its output each year.
percent between August 1, 2019 and July 31, 2020, according to data released on 30 November by the Brazilian National Institute of Space Research (INPE). Brazil is 180 percent above its target, greatly undermining its ability to fulfill commitments in the Paris Climate Accord expected to go into effect in 2021.
This past summer, one in three Americans experienced the future of climatechange and its repercussions of extreme weather , including hurricanes, floods, droughts, heat domes, and wildfires that now make summer the most dangerous season on earth. Contributed by Shuli Goodman, executive director of LF Energy . Transforming Fast.
Investors increasingly recognize the urgency of climatechange and have allocated a growing amount of capital to sustainability efforts, with $500 billion dedicated to decarbonization in 2020 – double the amount invested in 2010. DESCRIPTION: The next ten years will be a critical decade to reduce greenhouse gas (GHG) emissions.
The impacts of the climate crisis, the war in Ukraine, a weak globaleconomy, and the lingering effects of the COVID-19 pandemic have revealed weaknesses and hindered progress towards the Goals. The warmest eight years have all been since 2015, with 2016, 2019 and 2020 constituting the top three.
While much of the world has been filled with a quiet but growing concern over climatechange, some have attempted to “crack” the problem of climatechange, offering up technocratic shifts that provide resolution without revolution. 10, 2020. According to this argument, U.S. Image courtesy of Flickr.
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