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But 40% of the reductions came from divesting, or selling off, dirty assets, which from the atmosphere’s perspective is akin to rearranging deck chairs on the Titanic. Source: Corporate Knights, CDP Note: percentages for “How GHG reductions were achieved” may not add up to 100% due to rounding. dollars) through 2030.
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.”. CDP and Planet Tracker’s High and Dry: How Water Issues Are StrandingAssets , May 2022 report recognizes that “Water risk is already strandingassets across major sectors of the global economy.”.
The United Nations Environmental Assembly adopted a resolution in 2022 pledging to “end plastic pollution” with an international agreement now known as the Global Plastics Treaty. The Business Coalition for a Global Plastics Treaty was set up in 2022 and now has over 240 members.
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.
The group brings together frameworks that are referencing or building on the GHG protocol, including the Global Reporting Initiative (GRI), CDP, Climate Disclosure Standards Board (CDSB), International Integrated Reporting Council (IIRC), and Sustainability Accounting Standards Board (SASB).
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. Eighty-four percent responded to less than 80% of those indicators. .
Sector transition strategies for concrete/cement, aluminum, trucking and chemicals will follow in 2022. It makes no long-term sense to continue pumping money into an asset that is already destined to eventually have no value — a strandedasset.
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