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In fact, aligning the core business and valuecreation to ESG performance is how a number of tech firms are seeking to stand out from the crowd. Among them is global tech leader HP, for which ESG has long been a defining aspect of doing business. The company reported that $3.5
Participating investors will focus on mobilizing companies deemed to be systemically important to the goal of reversing nature and biodiversity loss by 2030; the initiative is encouraging investor signatories to participate ahead of its spring 2023 launch. Mindy Lubber, CEO and President, Ceres, said: “The globaleconomy depends on nature.
Business leaders like Microsoft’s Satya Nadella, Elon Musk, Bill Gates, Reid Hoffman, and others have spoken of AI’s potential benefits: advancing medical and educational breakthroughs, expanding the globaleconomy, creating climate change solutions, and changing the way people work.
During lockdown, the globaleconomy was disrupted so severely that it triggered a shift in mindset among business leaders to recognise the importance of ESG issues in creating a more resilient future. “ When I attended COP25 (Madrid) in 2019, there was talk of the climate crisis, but there was not a lot of urgency,” she says.
We had the Conference of the parties COP27, where we saw the creation of a loss and damage fund, increased push for private action, and the role of green hydrogen. Finally, we had COP15 on Biological Diversity with the agreement to Protect and Conserve at least 30% of the World’s Land and Ocean by 2030 (30×30).
In particular, we need to reduce 23 Gigatonnes by 2030 from the current 41 Gt emitted per year and achieve net-zero by 2050. In this context, several countries and companies have taken up the challenge, and currently, 90% of the globaleconomy and a third of the 2,000 largest companies have net-zero pledges.
Since I shared with my guests a deep concern that the world was not making demonstrable progress towards the halving of global emissions the 2018 UN IPCC Special Report on 1.5 Now we are only 85 months from 2030. The year by which the IPCC reports we need to have roughly halved global emissions. Fast forward to today.
Second, a new report this week by Bain & Company determined that over a 10-year period, companies in the S&P 500 that created the most value for customers, employees, suppliers and communities also had the highest shareholder returns. Finally, a word on fund flows. Learn more here.
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