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October 18, 2023 /3BL/ - Climate Action 100+, the world’s largest investor engagement initiative on climate change, has released the latest round of company assessments against its newly updated Net Zero Company Benchmark, drawing on distinct analytical methodologies and datasets from public and self-disclosed data from companies. C) pathway.
“A call to transition energy systems away from fossil fuels—the first time oil and gas had been included in a COP agreement—won over those demanding strong action; but oil producers and developing countries were reassured by assertions that countries are free to follow their own paths to net zero,” Bloomberg News reports.
Created to support the ParisAgreement and the Sustainable Development Goals, the company is a certified B Corp. According to the companies, the new collaboration will combine LOIM’s asset management and investment expertise with Systemiq’s deep analytical understanding and expertise in economic system transformation.
The resources included deep-dive guidelines for seven sectors – including asset owners, asset managers and banks; high-level guidance for 30 sectors of the globaleconomy; and advice on how to undertake a transition planning cycle. Some companies may also need to tap into some form of government support.
Mrema’s message comes ahead of UN Biodiversity Conference, COP15, in Montreal in December, where the Global Biodiversity Framework , informally referred to as the ParisAgreement for plants, is expected to be agreed upon and signed. Now is the time for investors and policymakers to “take account of nature loss,” she said.
A wave of investment opportunity To achieve the targets of the ParisAgreement, we need to reduce CO2 emissions very quickly. It is also vital to develop analytical approaches that match the complexity of climate-related issues. This could result in the largest wave of capital investment yet seen in human history.
This could stall global efforts to increase much-needed climate ambition from other major players, including China and India, undermining global efforts, weakening outcomes from negotiations and compromising the next cycle of nationally determined contributions (NDCs).
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