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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.
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.
SAP customers produce 87% of the world’s global commerce. That means our products and services can help the vast majority of companies driving the globaleconomy organize their supply chains, transportation, and financial data in a way that can enable an equitable, circular economy and net-zero emissions.
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. As other companies join us on this journey, together we can help protect and restore nature for the generations to come.”
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.
From harvest failures to disruptions in logistics, the impacts of climate-related disasters such as severe flooding and extreme heat also mean greater costs for businesses and consumers in a globalizedeconomy. Meanwhile, over 330 companies are working with CDP to request data from their suppliers. aligned transition plan.
In 2023, the UK government committed to consulting on introducing requirements also for the UK’s largest companies to disclose their transition plans if they have them. This consultation, expected in the fourth quarter of 2023, will ensure consistency in disclosure requirements for both listed and large private companies.
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).
Speaking at the OECD’s Forum on Green Finance and Investment 2023 , she also noted that there is “no way we can meet net zero goals without nature”. Water links Analysis by environmental non-profit CDP said that the financial impact of water risks, such as shortages or pollution, could reach as much as US$392 billion.
We need to halve emissions by 2030 to limit global temperature rise to 1.5°C The WEF’s Global Risks Report 2023 highlighted failure to respond to climate change and biodiversity loss among the most severe long-term risks facing the world. The risks of failing to take action are clear.
There will be plenty of business leaders reflecting on the start of 2023, who’d agree with Kermit the Frog: “ It’s not easy being green.” Thanks to the phenomenal work of CDP, more than 20,000 companies are already reporting their emissions on a voluntary basis. The reality is far more complex.
In this article, I’ll summarise key events defining 2022 and present four sustainability trends that will prepare you to create an impact in 2023. The good news is that every recession eventually creates new opportunities, so continue reading about 2023 sustainability trends. Sustainability trends 2023: Mandatory reporting.
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. The aim is to include certification of up to 13.7
CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions. Financial organisations thus have a major role to play in the decarbonisation of the globaleconomy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5
The draft implementation plan will outline specific objectives, deliverables and timelines to enhance the integrity of voluntary commitments and their contributions to the Paris Agreement, identify systemic barriers faced by non-Party stakeholders, and improve transparency regarding the systemic impact of those who have not made or are failing to deliver (..)
In April 2024, CDP rolled out a dedicated SME corporate questionnaire , which is a simplified version of their corporate questionnaire and allows SMEs to report voluntarily. The business benefits of getting reporting right go beyond compliance.
With the addition of the new tools created in partnership with Normative, CDP, BSR and the University of Cambridge Institute for Sustainability Leadership, the SME Climate Hub will be able to better enable SMEs to make strategic and impactful emissions reductions, track their progress, and demonstrate climate leadership. ANALYSIS: NEWS: .
In 2023, a group of state attorneys general filed a suit in the Northern District of Texas to overturn the DOLs ESG rule. Also according to the institute , the globaleconomy could face a 50% loss in GDP between 2070 and 2090 unless immediate policy action on risks posed by the climate crisis is taken.
Scientists, policymakers and campaigners have been quick to express fears for what the next four years could mean for climate action, with Rachel Cleetus, Policy Director at the Union of Concerned Scientists, warning : “The nation and world can expect the incoming Trump administration to take a wrecking ball to global climate diplomacy.” Physical (..)
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