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The Global Reporting Initiative (GRI) and CDP announced today a new cooperation agreement which will see the organizations more closely collaborate and align their reporting standards and platform, to help ease sustainability reporting for companies and improve access to data on corporate environmental impacts.
Overview of CDP and Ecovadis Each of these frameworks offer distinct approaches to sustainability assessment, catering to various aspects of environmental and social impact. With CDP, businesses can report on how they manage carbon emissions, conserve water resources, and engage suppliers in their sustainability practices.
Sofidel has once again been recognized by CDP – one of the main independent organizations for measuring and reporting environmental performance globally – for its commitment to fighting climatechange and deforestation.
When experts at CDP, a nonprofit that tracks sustainability commitments, surveyed 479 food and ag companies , only 75 reported having emissions commitments in line with the ParisAgreement. Around half of companies that source soy told CDP that they can track their purchases to the country of origin and no further.
Climate research provider and environmental disclosure platform CDP announced today that more than 18,700 companies disclosed environmental data through CDP this year, marking an increase of more than 40% over the prior year. This is crucial because disclosure provides the impetus for action and the mechanism for accountability.
December marks the five-year anniversary of the ParisAgreement — 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.
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.
Additionally, the Intergovernmental Panel on ClimateChange (IPCC) provides a methodology used for GHG inventories , including industrial processes, transportation, and energy use. Our Air Emissions Management team and our ClimateChange Advisory team are here to help get you answers, so reach out today!
Since then, the asset manager backed two proposals at the annual general meetings of both Chevron and Exxon, related to the manner these companies conduct themselves in relation to ParisAgreement targets. The previously mentioned CDP has a large database of disclosures. Translating demands into dollars. Why do this?
Specifically, JPMorgan Chase announced in October that it would shape its financing portfolio in three key sectors to align with the ParisAgreement; three days later, HSBC announced its statement of net-zero ambition. Disclosure and reporting. Pull Quote.
DESCRIPTION: At Qualcomm, we believe we can help address the environmental, social, and economic impacts of climatechange by working together across all sectors of society. SOURCE: Qualcomm. Why 2040 vs 2050? Why set interim goals? Why commit to Science Based Targets initiative (SBTi)?
At the unprecedented rate at which climatechange is happening, more and more companies are starting to act with urgency. CDP disclosure is driving corporate transparency and helping to guide, incentivise and assess climate action.
The Living Planet Report 2022 shows an average decline of 69% in wildlife populations since 1970, thus emphasizing the dual crises of biodiversity loss and climatechange driven by human activities. Unlike the climate crisis that led to the signing of the ParisAgreement , biodiversity loss has received little attention until now.
C above pre-industrial levels, falling well short of the ParisAgreement’s 1.5°C C ambition needed to avoid the most significant effects of global warming, according to a new study released today by climate research provider and environmental disclosure platform CDP, and management consulting firm Oliver Wyman.
It seems unlikely that anyone involved in ESG investing would have missed the Intergovernmental Panel on ClimateChange (IPCC) Working Group III report published at the beginning of the week. The Asia Investor Group on ClimateChange (AIGCC) whose asset owners and managers have a combined AUM of over US$35.8 he asked.
These targets demonstrate the company’s commitment to meeting the objective of the ParisAgreement to limit global warming to no more than 1.5 SBTi is a partnership between Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the Worldwide Fund for Nature (WWF).
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.
European market infrastructure provider Euronext announced today the launch of a new index investing in companies with climate goals approved by the Science Based Targets initiative (SBTi) as in line with the 1.5°C C goal of the ParisAgreement.
Despite climate goals, years of engagement, and considerable risk exposure, the majority of institutional investors are coming to AGM season ill-prepared to weigh in on these risks in order to protect their clients’ investments. The emissions pathways of the majority of companies are still misaligned with the goals of the ParisAgreement.
This emphasizes that people-centered climate action is essential to ensure social cohesion and increase the societal buy-in required for an accelerated and sustainable transition to a net-zero economy — within planetary boundaries and at a pace aligned with science.
Report highlights Bloomberg’s work to mobilize the markets to fight climatechange and its company-wide efforts to boost climate action in the lead up to COP26 Glasgow. This in turn helps markets to better understand how climate can impact businesses and economies. Climatechange is not a problem with a single solution.
General sustainability definitions Climate risk Two types of climate risks exist, transition risks and physical risks. According to the EPA , transition risks are related to the transition to a lower-carbon economy, while physical risks are associated to the physical impacts of climatechange.
The Company thus set a strong base for fulfilling its future environmental goals and reaching the level of decarbonization required to meet the goals of the ParisAgreement, and early in 2022, Gildan signed the Science Based Targets initiative (SBTi) commitment letter. Received a “B” score on climatechange and water security from CDP.
We strive to provide our stakeholders with relevant information on climate-related issues following the TCFD recommendations. See our TCFD index for references to our CDP response and portions of this report on how we address the eleven recommendations of TCFD. Similar risk and compliance committees exist on regional and local levels.
Sofidel’s 2030 CO2 emission reduction targets have been approved by the Science Based Targets initiative (SBTi) as consistent with the reductions needed to limit global warming to well below 2°C under the ParisAgreement. For all other suppliers, the aim is to reduce Scope 3 emissions by 24%. www.sofidel.com. Sofidel Press Office.
A letter from 534 financial institutions representing US$29 trillion in assets under management called for policy action in five areas to accelerate private sector investment in a “ just transition to a climate-resilient, nature-positive, net-zero economy”. NDCs are expected to play a central role at this year’s COP.
Nevertheless, progress by the UNFCCC has been steady – a milestone was achieved at COP21 in Paris with the creation of the Non-State Actor Zone for Climate Action, now the Global Climate Action Portal (GCAP), that highlights actions non-state actors are taking to address climatechange.
According to the latest Intergovernmental Panel on ClimateChange (IPCC) Report, the world is already 1.1°C C hotter than preindustrial levels, and unfortunately, the global climate crisis continues to grow increasingly dire 3. Keeping warming to 1.5°C
In mid-January, PepsiCo joined that club with a strategy to reduce its greenhouse gas emissions by 40 percent across its entire value chain by 2030 and to reach the elusive net-zero emissions status 10 years before it’s called for by the ParisAgreement. What can they do to mitigate climatechange?
If you thought the first two Intergovernmental Panel on ClimateChange (IPCC) reviews on climate science made for bleak reading, then the third instalment will be the hardest yet to digest. . He is disappointed more has not been achieved since the ParisAgreement. . “In The CDP report shows that just 2.5%
European market infrastructure provider Euronext announced today the launch of two new indices investing solely in companies with climate goals approved by the Science Based Targets initiative (SBTi) as in line with the 1.5°C C goal of the ParisAgreement. earlier this year, and are the company’s 27th and 28th climate indices.
This steep growth marks SBTi as a focal point of corporate climate action, said Guy Turner, Head of Carbon Markets at MSCI. “It But SBTi’s status as the gold standard for companies serious about decarbonising in line with the ParisAgreement took a serious hit last month after a highly public spat between staff and executives.
C - 2° C compared to the pre-industrial era, to prevent the damaging effects of climatechange. Science-based targets show businesses how much and how quickly they need to reduce their GHG emissions to limit/counteract climatechange. C to avoid the catastrophic impacts of climatechange.
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 global economy, yet it is estimated that since the ParisAgreement in 2015, the 60 largest banks have instead invested $5.5
The majority of large companies are willing to disclose their biodiversity risks and impacts, according to data from non-profit environmental disclosure platform CDP. CDP was founded two decades ago as a platform for reporting climate-related disclosures, but is expanding its operations to cover a wider range of environmental data. .
Historic progress was made with countries agreeing to channel financial support to vulnerable communities that are already suffering devastating impacts from climatechange. The deal struck in Sharm El Sheikh provided little towards changing that trend. Cemex, Holcim and Titan became the first cement companies to set 1.5°C-aligned
The transition to a net zero economy is underway but – as the UN Intergovernmental Panel on ClimateChange warns – far greater efforts are needed from governments and business to limit global warming to 1.5°C C and avoid the most disastrous impacts of climatechange. C trajectory. However, only 0.4% However, only 0.4%
Fewer than 35% of companies’ emission reductions targets are credible, climate disclosure platform CDP revealed this week, based on an analysis of 13,000+ companies reporting last year. However, this is likely to change. At COP26, nearly 200 countries finalised Article 6 of the ParisAgreement.
But Putin’s war could have the opposite effect on the goals of COP15, the much-delayed UN conference to ratify the Global Biodiversity Framework (GBF) – often referred to as nature’s ParisAgreement – which is currently scheduled for Q3 2022. From Paris to Kunming. Article 2.1.c Article 2.1.c
According to scientists achieving net-zero before 2050 is critical to keeping us safe from the catastrophic consequences of climatechange. The number of net-zero emissions commitments has doubled this year, as many prioritize climate action in their recovery from Covid-19 ( Data-Driven EnviroLab report).
The transition to a low carbon economy has begun, but constant pressure will need to be applied to all stakeholders to drive financial capital towards projects and solutions supporting climatechange mitigation and adaption. Evidence to date suggests that governments, companies, asset managers and asset owners are not doing enough.
Besides, the pandemic has postponed the momentum towards COP26 or climatechange movements like Greta Thunberg’s Friday’s for future. On the other hand, sustainability and climatechange have never been so much in focus. Besides, the global responsible investing driven assets hit $40.5 ” Mahatma Gandhi.
government – the world’s largest purchaser – proposed that all federal contractors must set science-based targets and disclose their environmental impact through CDP, following in Norway’s recent footsteps. In a huge step forward for net zero economies and supply chains, the U.S.
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
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