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Are lawyers and accountants doing enough on climatechange? Tue, 10/13/2020 - 01:40. When it comes to the climate crisis, it’s not just what you make and sell, it’s what you do, and for whom you do it. Climate lobbying" in the report is defined as efforts "to delay, control or block policies to tackle climatechange.".
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.
Mon, 09/28/2020 - 01:30. Reaching the 2015 ParisAgreement goals requires bold action from all sectors and levels of our society. In this refreshed, robust definition, a strategy for “Net-Zero” greenhouse gas emissions can earn its capital letters if it is: Fully-scoped , Science-based , ParisAgreement-compliant and Cumulative.
Following two weeks of intensive negotiations, the COP29 climate conference in Baku, Azerbaijan ended with an agreement to triple climatechange-related finance flows to developing nations to $300 billion annually over the next decade, and with significant progress towards the development of international carbon markets.
International Olympic Committee news As world leaders meet at COP29 to agree actions to address the climate crisis, a new study illustrates how effective climate action could reduce the impact of climatechange on winter sport. These decisions are supported by extensive consultation and scientific evidence.
Former chair of the Committee on ClimateChange Lord Deben believes the country can get back on track to net zero and regain its status as a global leader. When Glasgow hosted COP26 in 2021, bringing together 120 world leaders and more than 40,000 participants, the UK was seen as a world leader in the battle against climatechange.
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 global climate targets by mid-century. HSBC is latest bank to pledge net-zero financed emissions by mid-century. Cecilia Keating.
Banks are shelling out more than US$500 billion a year to finance the largest contributors to climatechange in the Global South, a region that is especially vulnerable to the roiling weather disasters gripping the planet. Together, that amounts to an average of $513 billion a year – or more than 20 times the $22.5
Mon, 10/12/2020 - 00:15. The importance of setting science-based corporate strategies to address climatechange is irrefutable. If 2020 has shown us anything it is the interconnectedness of the challenges that we face. Coca-Cola on board with emphasizing human impact. Heather Clancy. Is your CEO personally committed?
International Olympic Committee news This will enable the IOC to engage more effectively with the global efforts to address climatechange, underscoring its commitment to reducing emissions and to leveraging the role of sport as an “important enabler” for the United Nations (UN) Sustainable Development Goals (SDGs). “We
Join us for a conversation about the power of companies (big and small) coming together to tackle the climate crisis, and hear why Global Optimism and Amazon co-founded The Climate Pledge—a bold commitment to become net zero carbon by 2040—10 years ahead of the ParisAgreement. . Thu, 08/20/2020 - 08:42.
Fri, 12/11/2020 - 01:45. billion in alternative proteins during 2020, according to the latest data from the Good Food Institute. When experts at CDP, a nonprofit that tracks sustainability commitments, surveyed 479 food and ag companies , only 75 reported having emissions commitments in line with the ParisAgreement.
Thu, 10/29/2020 - 00:10. are facing growing pressure to clean up their lobbying activity, with a host of institutional investors this week issuing an urgent call to 47 of the largest greenhouse gas emitters to disclose how their corporate advocacy aligns with the most ambitious climate goals of the ParisAgreement.
“If the Competition Bureau’s inquiry confirms that RBC’s statements are misleading and false, RBC could be forced to stop advertising itself as supporting the principles of the ParisAgreement and aiming to achieve net-zero emissions targets by 2050.”. Whether they’re doing so and backing it up with action is a different issue.”.
London-based HSBC Holdings says it will cease financing for the development of new oil and gas fields in order to tackle climatechange while carving out its Canadian unit from the policy change.
Mon, 12/07/2020 - 01:45. Behind climatechange, the biggest threat to the Great Barrier Reef is poor water quality. Behind climatechange, the biggest threat to the Great Barrier Reef is poor water quality. Behind climatechange, the biggest threat to the Great Barrier Reef is poor water quality.
Thu, 12/17/2020 - 00:20. From a climatechange perspective, steelmaking is considered one of the "hard-to-abate" sectors. Looking forward, with customers, investors and policymakers increasing pressure to adhere to the ParisAgreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness.
Originally published in Paramount's 2021-2022 Environmental, Social, and Governance Report The impacts of climatechange continue to accelerate around the world and are projected to worsen each year unless we take serious collective action on a global scale. This is likely because they rebounded from 2020 lows.
3 keys for scaling nature-based solutions for climate adaptation. Wed, 06/17/2020 - 00:30. In Indonesia, climatechange is already a pernicious threat. And mature mangroves can store nearly 1,000 tons of carbon per hectare, thus mitigating climatechange while also helping communities adapt. Jonathan Cook.
Wed, 09/16/2020 - 01:30. dissertation in microelectronics to an entirely different field: climatechange. "I Even with decarbonizing the electric and transportation sector, to reach long-term goals of the ParisAgreement, the United States would need an 80 percent reduction from 2005 levels in economy-wide emissions by 2050.
DESCRIPTION: Society must move more forcefully to combat global warming, the world’s top climate scientists warned Monday in a new report that says existing solutions and innovation offer hope—but not without action. KEYWORDS: NYSE:ENB, Enbridge, climatechange.
DESCRIPTION: As the world’s population grows and more people are lifted out of poverty, society faces a dual challenge—meeting the increasing global need for affordable, reliable energy, while reducing GHG emissions to address the pressing threat of climatechange. KEYWORDS: NYSE:ENB, Enbridge, climatechange, Net Zero Emissions.
Mon, 07/27/2020 - 00:15. bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting. Michael Holder.
Mon, 09/28/2020 - 00:00. The Task Force on Climate-related Financial Disclosures (TCFD) is helping to bring transparency to climate risk throughout capital markets, with the aim of making markets more efficient and economies more stable and resilient. . Seven ways to inform better decisions with TCFD reporting. Steven Bullock.
The 100 Best Corporate Citizens ranking is based on 155 ESG factors in eight pillars: climatechange, employee relations, environment, finance, governance, human rights, stakeholders and society, and ESG performance. Newsweek’s America’s Most Responsible Companies: 2022, 2021, 2020. Fortune, Change the World List: 2020, 2019.
Thu, 12/10/2020 - 01:00. The common denominator underlying these ventures is blockchain, a digital ledger technology used for dozens of intriguing corporate applications intended to address climatechange — from tracing ingredients across supply chains to verifying, purchasing and trading carbon credits. . Heather Clancy.
Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments. Tue, 11/24/2020 - 00:40. Recent months have seen major moves on climate action by some of the world’s largest private banks, including JPMorgan Chase, HSBC and Morgan Stanley. They won’t have changed their business model. Whitney Mann.
Green groups urge UN to raise climate ambition on global shipping. Tue, 10/20/2020 - 00:15. Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the ParisAgreement in the first place.
DESCRIPTION: Talk of progression and urgent solutions reverberated throughout the COP27 crowd, during the long-drawn-out summit, as leaders made a desperate bid to clinch climate deals. degrees Celsius (above pre-industrial levels) as outlined in the landmark ParisAgreement, through a collection of decisions.
The exclusion means the UK will fail in its obligations under the ParisAgreement and instead has concentrated on the need to achieve net zero by 2050. The Government has exceeded its powers under Section 44 ClimateChange Act 2008, by which it is able to set up the emissions trading scheme and is required to make rational decisions.
Mon, 12/14/2020 - 00:05. December marks the five-year anniversary of the ParisAgreement — 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.
Wed, 10/21/2020 - 00:45. This story was originally published by Southerly , in partnership with Scalawag and Environmental Health News for its Powerlines series, which looks at climatechange, justice, and infrastructure in the American South. South, which is already bearing the brunt of climatechange effects. .
First stop: Climate commitments. Next stop: Climate action? Fri, 09/25/2020 - 01:00. It’s Climate Week: the time of year that climate leaders and professionals usually descend upon New York City in a cloud of transportation emissions to talk climate ambitions and targets. . Sarah Golden.
It could also delay investments needed to help mitigate the impact of climatechange.”. C above pre-industrial levels – and tying compensation to progress on meeting the climate goals. Climate impacts are now material to investors and [are] set to become even more so,” it says.
The new strategy will invest in fixed-income instruments selected according to the AIIB-Amundi ClimateChange Investment Framework (CCIF). The post Amundi Appointed Investment Manager of $200 Million Climate Bond Strategy for AMX by Carne appeared first on ESG Today.
A stark choice between climate stability and global devastation is the constant drumbeat from a landmark report released today by the Intergovernmental Panel on ClimateChange (IPCC). Already, “widespread and rapid changes in the atmosphere, ocean, cryosphere , and biosphere have occurred,” the report says.
The shrivelled Rhine of 2018 became a harbinger of the devastating impact that climatechange will have on the backbone of the German economy. You’d expect a company so directly affected by climatechange to be jumping on the decarbonization bandwagon. On the face of it, it is.
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. Loss and Damage’ Fund Agreement. Mitigation Work Program’ Development. degrees celsius.
The summit brought together delegates from over 190 countries to negotiate the post-2020 Global Biodiversity Framework , the implementation of which will require a transformation in the way we produce, consume and trade goods and services that rely on and impact biodiversity. However, the risks from biodiversity loss are enormous.
We’ve chipped away at draft-causing gaps over the years, but given, well, climatechange, we needed to go a big step further and significantly cut our natural gas consumption. My wife and I live in a 110-year-old semi-detached house in midtown Toronto. Like many homes across the country, the walls are brick and thus uninsulated.
Mon, 11/30/2020 - 01:00. As fossil fuel companies' social license to operate becomes increasingly frayed, more industries in their orbit are getting entangled in the reputational quagmire that is now part and parcel of any activity that exacerbates the climate crisis. "The Climate Strategy. Michael Holder. BusinessGreen.
Wed, 10/07/2020 - 02:01. Amid myriad social, health and political crises, business sustainability is alive and well and living the ParisAgreement. The Institute for Sustainable Communities , which advances equitable community solutions to climatechange, has appointed Deeohn Ferris as president and CEO.
Whether pandemic or climate crisis, you better get your data right. Thu, 06/25/2020 - 00:30. Since then, the asset manager backed two proposals at the annual general meetings of both Chevron and Exxon, related to the manner these companies conduct themselves in relation to ParisAgreement targets. Paolo Natali.
The global goal for developed nations mobilize $100 billion in climate finance to their developing nation counterparts to mitigate and adapt to climatechange is expected to be met in 2023, and surpassed in following years, according to a new report released by Canada and Germany ahead of the COP27 climate conference.
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