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The announcement by UBS marks the latest in a series of moves by banks globally to withdraw or pull back on climate commitments, although UBS changes appear less drastic than those by some of its peers.
DUBAI, United Arab Emirates, August 27, 2024 /3BL/ - DP World , a global leader in logistics and supplychain solutions, has secured validation from the Science Based Targets initiative (SBTi) for its ambitious commitment to reduce its carbon footprint.
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.
A critical element of this financial framework is expected to be thrashed out at COP29 in Baku, where the new global climate finance goal will be on the agenda. This new goal (called NCQG) will set the baseline for public climate finance flows to developing countries from 2026 onward.
Aiming to support companies as they meet growing demands from stakeholders, the new standard introduces more transparency on supplychains, location-specific impact reporting, new disclosures on direct drivers of biodiversity loss, as well as reporting requirements for societal impacts.
Next year, that figure will go up to 70%, and to 100% from 2026 and beyond. This would help increase inward investment and ensure that renewable energy supplychains are scaled up significantly to meet renewable energy targets by 2030.” The post Take Five: From America to the World appeared first on ESG Investor.
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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