This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
Even before all that, we’d been watching the real-world risks of climatechange looming and growing across the United States and around the world. But the report didn’t pussyfoot around the issues: “Climatechange poses a major risk to the stability of the U.S. snowstorm within 48 hours.
But carbon is also moving constantly through the globaleconomy, which historically has been powered by burning fossil fuels for energy. As the most prevalent of the greenhouse gases (GHGs), CO2 plays an outsize role in globalclimatechange — for example, it accounted for 81 percent of U.S. Carbon is everywhere.
December marks the five-year anniversary of the Paris Agreement — a turning point for the movement to limit dangerous climatechange and environmental destruction. These leaders understood the direct linkage between climatechange and financial risk. On the fifth anniversary of the TCFD, a call to action. Ateli Iyalla.
A group of nearly 300 financial institutions representing almost $29 trillion in assets are urging some of the world’s highest impact companies, including Exxon, Chevron and Caterpillar, to disclose environmental data on themes including climatechange, water and forests, through the CDP environmental disclosure platform.
Finance professionals make up a fraction of the global population but are positioned to make and incentivize decisions that can shape the trajectory of the globaleconomy," observed Ogechukwu Anyene, energy consulting manager at PowerAdvocate, who was part of the Emerging Leaders cohort at GreenBiz Group’s inaugural GreenFin event.
Understanding Climate Scenario Analysis What is climate scenario analysis? Climate scenario analysis is a strategic tool used by businesses to evaluate the potential impacts of climatechange on their operations, assets, and overall business strategy.
The campaign is backed by many of the world’s largest financial institutions including Allianz Global Investors, AXA Group, Crédit Agricole and UBS, as well as by 45 multinational companies with over $710 billion in annual procurement spending, such as PepsiCo, Astra Zeneca, and Schneider Electric.
Amidst the escalating impacts and threats of climatechange, heads of state, negotiators, climate scientists, activists and business leaders prepare to meet for COP27, taking place in Sharm El-Sheikh, Egypt. The consequences of inaction are already being felt globally, with the world’s vulnerable most severely impacted. .
The Science Based Targets initiative (SBTi) announced today the appointment of Maria Outters as Chief Impact Officer, a newly created role for the organization, aimed at driving strategic engagements, strengthening governance, and accelerating the growth of corporate climate action.
The CDPGlobal Water Report (2020) informs us that, when it comes to water security, “The cost of inaction is five times the cost of action.”. KEYWORDS: water risk, Water Mandate, CEO Water Mandate, scs global services, third party certification, water stewardship, clean water, ESG, climatechange.
climate action and investments, as public and private sector leaders raise their ambition, deliver on commitments, implement policies to capitalize on the opportunities in the necessary transition to a zero emissions future, and ensure public finance to support adaptation and resilience for developing nations. November 3, 2022 /3BL Media/ -
Employees are seeking safety, security, and stability; regulators seek to ensure their communities are protected from contamination and competition for resources; investors are seeking “sustainable investments” and projects; and business leaders must protect and grow their organization in an ever-changingglobaleconomy.
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.
States and regions have, on average, reduced emissions by 14% as global emissions continue to rise. The Climate Group and CDP call for states and regions to set more ambitious emissions reduction targets for 2030 and beyond to limit global heating to 1.5°C By comparison, only 25% of global electricity is renewable.
The intention is for targets become more ambitious each time they are submitted, with the need increasing in urgency after the Global Stocktake at last year’s COP28. The statement will remain open until 1 November, ahead of COP29 in Baku, Azerbaijan, where it will be presented to governments with the final list of signatures.
Climatechange is no longer a distant threat – in what is the hottest year on record, it is an everyday reality and one that every person, business and ecosystem is vulnerable to. Meanwhile, insights from the CDP Supply Chain Membership reveal which buyer practices most closely correlate with supplier action on climate.
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.
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
Failure to focus on water-related issues risks derailing efforts to combat climatechange and biodiversity loss. The UN has previously said that water and climatechange are “inextricably linked”, with the latter “exacerbating” both water scarcity and water-related hazards, such as floods and droughts.
“Companies must act now” Formed as a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the We Mean Business Coalition, SBTi d evelops criteria and provide tools and guidance to enable businesses and financial institutions to set GHG emissions reduction targets (..)
We need to halve emissions by 2030 to limit global temperature rise to 1.5°C C and avoid the most catastrophic effects of climatechange, as outlined by the Intergovernmental Panel on ClimateChange (IPCC). The risks of failing to take action are clear.
However, the most recent report from the Intergovernmental Panel on ClimateChange (IPCC) also left no doubt that feasible, effective, and low-cost options exist to deeply reduce emissions now. There is no more time to waste in the global effort to tackle climatechange. It’s time to get started.
The scientific community holds strongly recommends that the average global temperature increase must be limited to increase be limited to 1.5 °C C - 2° C compared to the pre-industrial era, to prevent the damaging effects of climatechange. C to avoid the catastrophic impacts of climatechange.
HM Treasury established the TPT in April 2022 to develop a ‘ gold standard ’ for private sector climate transition plans Credible and robust plans According to the TPT, its framework provides the basis for companies to set out “credible and robust” transition plans as part of annual reporting its future business strategy.
A total of 2,253 companies across 70 countries and 15 industries have approved emissions reductions targets or commitments with the organisation, with 80% of targets approved by SBTi in 2021 aligned with limiting climatechange to 1.5°C.
The climate crisis and the water crisis are two sides of the same coin in private sector efforts to protect our planet and globaleconomy. Water is the lifeblood of the globaleconomy – yet it’s been chronically mismanaged by the private sector and other stakeholders. Connecting the dots.
A court forced Shell to reduce emissions, an activist investor forced ExxonMobil to replace three board members better suited to fight climatechange, and Chevron shareholders voted against their board to achieve faster-cut carbon emissions. As an example, according to CDP 2021 supply chain report , upstream emissions are 11.4
As negotiations unfolded at the Bonn ClimateChange Conference earlier this month, the politicisation of an existential and global threat was clear to see. What made negotiators’ incremental progress even more frustrating was that the squabbling was underpinned by the realities of a rapidly warming planet.
As one of the most cost-effective methods of fighting climatechange, nature-based climate solutions (NBS) have the capability to provide one third of the solutions to reach the 1.5 ° C pathway according to McKinsey and the World Economic Forum , and business has a vital role to play. . REPORT AND COMMUNICATE TRANSPARENTLY .
Our collective impact was not being felt and the many business leaders who wanted an enabling policy environment for greater climate action were not being fully heard. This was the context in which We Mean Business was conceived, and I was privileged to take on the role of Founding Chair.
This means companies MUST consider the financial risks of climatechange on the company’s financial situation – short, medium and long term. 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.
Highly respected institutions such as the International Energy Association (IEA) and the Energy Transitions Commission (ETC) remain upbeat that the shift to a net zero globaleconomy is possible and well underway. The post In Defence of Corporate Climate Action appeared first on We Mean Business Coalition.
Moreover, companies will use voluntary frameworks and surveys such as GRI, SASB, CDP, UNGC, and Ecovadis to answer requests from customers, investors and other stakeholders. Countries and companies have taken responsibility for climatechange and raised their carbon emissions reduction ambition.
What seemed to resonate best in follow-up discussion was the possibility of analogizing our climate crisis to the issues of forced labor and LGBTQ rights, regarding which corporations have been willing to embrace a relatively simple and effective moral framing, language, and demand. .
New Zealand Prime Minister Jacinda Ardern wasted little time raising the stakes in her nation’s fight against climatechange after handily winning re-election in October. Drawing on that mandate, Ardern declared a "climate emergency" and set the wheels in motion for New Zealand’s public sector to become carbon neutral by 2025.
Preparing for the storm: The role of UK business and government in improving UK resilience to climatechange in the UK’ explores how leading UK businesses are already increasing community resilience through climate adaptation strategies and action. including Israel and Ecuador.
This means you better listen to what they say about climatechange. 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.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content