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The Global Reporting Initiative (GRI) and CDP announced today a new cooperation agreement which will see the organizations more closely collaborate and align their reporting standards and platform, to help ease sustainability reporting for companies and improve access to data on corporate environmental impacts.
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. Mercedes Tallo, Chief Stakeholder Officer at CDP, said: “This is a landmark year for environmental disclosure.
As a group, over the course of the past decade (2012 to 2021) these 20 companies slashed their net GHG emissions (Scope 1 and 2) by 43%, from 862 million tonnes to 489 million tonnes. Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the ParisAgreement.
DESCRIPTION: NEW YORK, April 22, 2022 /3BL Media/ - – Bloomberg LP today published its 2021 Impact Report, which outlines how the company continues to address climate change through its operations and products, philanthropy and collaborations with partners and industry peers. SOURCE: Bloomberg. Reducing emissions in line with a 1.5°C
In 2021, HP announced a range of ambitious climate action targets , including a commitment to be net zero by 2040 — a full decade ahead of the ParisAgreement. billion in fiscal year 2021. At the same time, we asked our partners to disclose their footprint using CDP Supply Chain reporting tools. SOURCE: HP Inc.
CDP disclosure is driving corporate transparency and helping to guide, incentivise and assess climate action. In 2021, a record-breaking 13,000+ companies representing over 64% of global market capitalization disclosed through CDP – 35% more than 2020, and over 141% more than when the ParisAgreement was signed in 2015.
In November 2021, we were proud to publicly announce our goal to achieve net-zero global emissions across our value chain by 2040, joining more than 2,000 businesses around the world committed to the Science Based Targets initiative (SBTi). Why 2040 vs 2050? Why set interim goals? Why commit to Science Based Targets initiative (SBTi)?
Otis’ SBTi-approved targets are: Reduce absolute scope 1 and 2 GHG emissions 55% by 2033 from a 2021 base year. [1] These targets demonstrate the company’s commitment to meeting the objective of the ParisAgreement to limit global warming to no more than 1.5 degrees Celsius above pre-industrial levels.
C goal of the ParisAgreement. 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.
See our TCFD index for references to our CDP response and portions of this report on how we address the eleven recommendations of TCFD. The identification of emerging climate risks is informed by external scans of megatrends, consultancy and industry reports, peer CDP disclosures, TCFD reports, annual reports and 10-Ks. C campaign.
July 21, 2022 /3BL Media/ - DuPont (NYSE: DD) today announced it has committed to setting science-based targets to reduce greenhouse gas (GHG) emissions in line with the Science Based Targets initiative (SBTi), a partnership between CDP, the UN Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
Sofidel’s 2030 CO2 emission reduction targets have been approved by the Science Based Targets initiative (SBTi) as consistent with the reductions needed to limit global warming to well below 2°C under the ParisAgreement. For all other suppliers, the aim is to reduce Scope 3 emissions by 24%. www.sofidel.com. Sofidel Press Office.
Veolia North America Sustainability Report 2024 OUR CLIMATE COMMITMENT In 2021 Veolia Group committed to Science Based Targets’ Business Ambition for 1.5°C We aim to reduce the company’s global scope 1 and 2 emissions by 50% by 2032, and achieve net zero scope 1, 2 and 3 emissions by 2050, in line with the ParisAgreement 1.5°C
Mon, 02/01/2021 - 02:00. In mid-January, PepsiCo joined that club with a strategy to reduce its greenhouse gas emissions by 40 percent across its entire value chain by 2030 and to reach the elusive net-zero emissions status 10 years before it’s called for by the ParisAgreement. Heather Clancy.
C warming target set in the 2015 ParisAgreement on climate change, and there must be a “rapid acceleration of mitigation efforts after 2030” if there is any hope of limiting global temperature increases to 2°C. . He is disappointed more has not been achieved since the ParisAgreement. . “In
C goal of the ParisAgreement. In 2021, the initiative launched a Net Zero Standard to assess and certify companies’ commitments to achieve net zero emissions, with stringent criteria typically requiring decarbonization of 90-95% by 2050, with neutralization of residual emissions that are not yet possible to cut.
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 ParisAgreement. In the ParisAgreement, world governments committed to curbing global temperature rise to 2°C above pre-industrial levels.
The number of firms taking a science-based approach to CO2 emission reductions doubled in 2021, according to a new report by the Science-Based Targets initiative (SBTi). In Q4 2021, the organisation launched the Net-Zero Standard to provide guidance, criteria, and recommendations in order to drive a shift towards 1.5°C-aligned
2021 was an uncommon and tough year due to COVID19 guiding our lives. In this article, I’ll summarise key sustainability events defining 2021 and then present four sustainable ESG trends that will settle companies’ environment in 2022. 2021 Sustainability Summary. 2 – Carbon Offset Markets price Hike.
Launched in November 2021 at COP26, the ISSB aims to provide a baseline for corporate sustainability disclosures that are compatible with jurisdiction-specific requirements, giving investors access to consistent and comparable decision-useful information globally. “In
Unlike the climate crisis that led to the signing of the ParisAgreement , biodiversity loss has received little attention until now. This year, the non-profit CDP, which runs the world’s environmental disclosure system, included new questions to assess firms’ approaches to biodiversity. There are, however, positive signs.
2021 was characterized by the ongoing COVID-19 pandemic, supply chain disruptions, labour shortages, and geo-political and climate uncertainty. Key environmental highlights in 2021 included the following: 39% of Gildan’s energy came from renewable sources. Key social highlights in 2021 included the following: $15.1
C above pre-industrial levels, falling well short of the ParisAgreement’s 1.5°C C ambition needed to avoid the most significant effects of global warming, according to a new study released today by climate research provider and environmental disclosure platform CDP, and management consulting firm Oliver Wyman. C since 2021.
But Putin’s war could have the opposite effect on the goals of COP15, the much-delayed UN conference to ratify the Global Biodiversity Framework (GBF) – often referred to as nature’s ParisAgreement – which is currently scheduled for Q3 2022. From Paris to Kunming. Article 2.1.c
billion respectively in 2021. READ MORE We have been recognised for leadership in corporate transparency and performance on climate change by the global environmental non-profit CDP. Replacing fossil-based with plant-based plastic We have increased the use of plant-based plastics over fossil-based plastics, selling 8.8 billion and 10.7
In 2021, the IFRS Foundation established the International Sustainability Standards Board (ISSB) which provides a global baseline of industry-agnostic and industry-specific sustainability disclosures, known as the IFRS Sustainability Disclosure Standards.
Fewer than 35% of companies’ emission reductions targets are credible, climate disclosure platform CDP revealed this week, based on an analysis of 13,000+ companies reporting last year. This follows a report published by Ceres in May 2021, which highlighted the role carbon credits from NCS can play in corporate climate strategies.
After the signature of the ParisAgreement in 2015, science has become widely accepted. Moreover, according to CDP, supply chain emissions are on average 11.4 According to Dexter Galvin, Global Director of CDP Supply Chain, there are six benefits of setting a science-based target. Why should a company be net-zero?
In this article, I’ll do a quick summary of 2020 and then present four sustainable business trends that could finally explode in 2021. In 2020, more than 9,600 companies disclosed their environmental impacts through the non-profit CDP platform. 2020 Sustainability Summary. trillion, double than just four years ago.
The country says based on 2021 emissions projections it is on track to reduce emissions by up to 35% below 2005 levels by 2030. The government appears intent on replacing fossil fuels with fossil fuels: the 2021-22 budget allocates large sums (A$52.9 billion in 2021. Where does Australia stand on climate disclosure regulation?
With increase in disclosure rates on performance metrics introduced in 2021, Coalition members are now collectively reporting on 62% of a complete set of Key Performance Indicators, demonstrating progress to report against and launch additional measures of impact. C targets set out in the ParisAgreement without halting forest loss.
GFANZ was launched in April 2021 to unite financial institutions and accelerate net zero transition progress. Coalitions of investors have been ( mostly ) successful in pushing investee companies to adopt net zero targets. It has more than 500 members across its sub-sector net zero alliances.
As You Sow analysed the 2021 CEO compensation packages of 47 US companies targeted by the investor-led Climate Action 100+ engagement initiative, focusing on whether they included a 1.5°C-aligned C since 2021, down to 2.4°C C since 2021, down to 2.4°C C of warming by 2050. . C of warming. . C of warming. .
The GBF’s Goal D, on implementation, contained an unambiguous commitment to aligning public and private financial flows to its overall objectives, with supporting language in the enabling targets, analogous to the ParisAgreement clauses that put climate change on the global agenda in 2015. “We billion by 2025.
For each of these areas, we provide calculators that describe potential changes in business practices and translate them into emissions impact based on guidance from authoritative bodies such as CDP and leading NGOs like the World Wildlife Foundation (WWF) and the Environmental Defense Fund (EDF). Celsius degree pathway as reported to CDP.
Only 1% of over 13,000 corporates across 13 industries and 117 countries disclosed against 24 key climate transition plan indicators, according to a 2021 report by sustainability disclosure platform CDP. C of global warming promised by signatories of the ParisAgreement. .
By the end of 2021, the value of voluntary carbon markets (VCMs) reached nearly US$2 billion, with around 500 million carbon credits traded throughout the year. At this stage, harmonisation is more important than perfection,” says Amir Sokolowski, Global Director of Climate Change at environmental disclosure platform CDP. .
CA100+’s Benchmark assessments are updated annually in October each year, with the first edition published in 2021. Heightened attention Established in 2017, CA100+ aims to collectively supporting the goals of the ParisAgreement by challenging the large corporate greenhouse gas emitters to take action on climate change.
25 badass women shaping climate action in 2021. Mon, 03/08/2021 - 02:00. And now, I invite you to meet the 2021 class of Badass Women. Heather Clancy. Given the devastating economic toll the COVID-19 pandemic has had on women and girls, the imperative to mark International Women’s Day carries more weight than usual this year. .
C and implement the ParisAgreement and will be welcomed by the business community. C temperature goal of the ParisAgreement alive, and to ensure a just transition. . See the open letter to President Biden that supports this direction of travel, signed by more than 400 companies in April 2021. .
April 30 2021. A highlight of the numerous celebrations of the 2021 Climate Week / Earth Day around the world was the hosting of a “global summit” of leaders from 40 nations and sub-governments, the investment community, the corporate community, NGOs, and advocates, the E.U., The measures sovereign governments (large and small!)
December 20 2020 – published again in the blog in October 2021 as President Joe Biden travels to the Stockholm meeting of the COP 26. Seems like just yesterday we were celebrating the great promise of the 21st Century in 2015 – the Paris Accord. On to year 2021…. Secretary Kerry was the U.S.
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