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Climate research provider and environmental disclosure platform CDP and the International Sustainability Standards Board (ISSB) of the IFRS Foundation announced today that CDP will incorporate the IFRS’ new climate-related disclosure standard into its environmental disclosure platform.
A group of nearly 300 financial institutions representing almost $29 trillion in assets are urging some of the world’s highest impact companies, including Exxon, Chevron and Caterpillar, to disclose environmental data on themes including climate change, water and forests, through the CDP environmental disclosure platform.
Non-profit CDP has increased transparency over plastics impact by enabling companies to disclose data on the production, use and disposal of plastic through its global environmental disclosure platform, but some say its focus on water security fails to tackle the issue from all angles.
The approach aligns with global targets, including those outlined in the Biodiversity Plan that calls for action to halt biodiversity loss and put nature on a path to recovery for the benefit of all life on earth. It outlines global ambitions and specific actions needed to stop and reverse biodiversity loss by 2050.
The CDPGlobal Water Report (2020) informs us that, when it comes to water security, “The cost of inaction is five times the cost of action.”. Water-related issues are headlined daily, and major reports back this up. Water is often an overlooked component in ESG. How can companies incorporate water practices into their ESG reporting?
November 3, 2022 /3BL Media/ - ? The risks to globaleconomies, natural systems, and communities are beyond catastrophic if urgent action isn’t taken in the near term to reverse climate change. Co-hosted by AIGCC, CDP, Ceres, IGCC, IIGCC, PRI and UNEP FI. C to help make net zero investment portfolios a reality.
It committed governments to raising their 2030 climate targets in 2022 to keep the 1.5°C In a globaleconomy no-one will be unaffected when climate-related disasters hit. C -aligned financial system, using International Sustainability Standards Board (ISSB) as a global baseline and considering effects on people and planet.
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. ESG trends in 2022: Purpose-Driven Companies. ESG trends in 2022: Net-Zero ambition. ESG trends in 2022: Sustainable Supply Chains.
We announced our net zero by 2030 ambition in early 2022, bringing this commitment forward by 20 years. Only a fundamental transformation of our globaleconomy will allow us to limit global warming to 1.5°C. In 2019, SAP raised its commitment and adopted a 1.5°C C science-based emissions reduction target.
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.
Chemours is among the first chemical companies to commit to setting science-based targets with SBTi, a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. Company-wide emissions reductions submitted to the Science Based Targets initiative. SOURCE: The Chemours Company.
“Credible transition plans are an essential tool to ensure the globaleconomy transitions in line with a 1.5 ° C pathway,” said Nicolette Bartlett, Chief Impact Officer at global disclosure platform CDP. In 2022, only 28% of UK companies disclosing through CDP said they had a transition plan.
Momentum on climate action builds with more companies setting science-based targets in 2022 than in the past seven years. More companies and financial institutions set science-based targets in 2022 than in the previous seven years combined. Companies with science-based targets represented 40% of the Nikkei index by the end of 2022.
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).
Following COP27, it’s clear that business’ investment in nature will be a key focus area in the drive to limit global temperature rise to 1.5 ° C. Businesses must report transparently on any beyond-value-chain mitigation investments and volumes aligned with best available reporting practices through platforms such as CDP.?.
Climate research provider and environmental disclosure platform CDP announced the launch of the ability for companies to report on plastic-related impacts, following demand from investors for more information on companies’ plastic-related risk and exposure.
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. In 2022, we sourced a total of 2.19
Employees are seeking safety, security, and stability; regulators seek to ensure their communities are protected from contamination and competition for resources; investors are seeking “sustainable investments” and projects; and business leaders must protect and grow their organization in an ever-changing globaleconomy.
Last year we had great hopes that 2022 would be the year to build back better in the aftermath of COVID-19. Unfortunately, surging inflation, a global energy crisis and a constant threat of recession cut out a few of our expectations. 2022 Sustainability Summary. Impact investing is getting traction and, in 2022, reached 1.2
GFANZ’s ‘quiet quitting’ of RtZ followed increasing pressure on US members due to the anti-ESG movement, often alleging breaches of anti-trust rules, which has only gathered momentum over the course of 2023.
If this happens, it will not be difficult for many to see how this emerging paradigm of leadership could change the global conversation and global probabilities for success in reversing climate breakdown. . Global businesses should apply this foundational principle to the private enterprises that public authorities charter.
Farmers could face higher taxes or the elimination of irrigation subsidies as early as 2022 if they don’t act to reduce their impact. . We have an opportunity to extend the recent response of regulators, businesses and investors on climate change to nature; both are interrelated and both pose a systemic risk to the globaleconomy.".
Together, the three industries emit close to 6 Gt of CO2 per year and are absolutely critical to limiting global warming to 1.5ºC. Sector transition strategies for concrete/cement, aluminum, trucking and chemicals will follow in 2022. and the European Union, now covers more than two-thirds of the globaleconomy.
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