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Demonstrating ROI for your ESG efforts is more vital than ever given the uncertainty around globaleconomy and geopolitics. This means not only reporting to and aligning with internal stakeholders and the board, but also staying on top of the diverse global reporting frameworks when budgets are tight and teams are getting leaner.
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.
This was hardly the first expression of concern about the potentially devastating economic impacts of climate change on companies, markets, nations and the globaleconomy. As always, those least able to least afford the impacts may get hit the hardest. Regulators should require listed companies to disclose Scope 1 and 2 emissions.
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.
Non-profit CDP has increased transparency over plastics impact by enabling companies to disclose data on the production, use and disposal of plastic through its global environmental disclosure platform, but some say its focus on water security fails to tackle the issue from all angles.
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.”. CEO Water Mandate a UN Global Compact initiative, highlights that “According to the World Economic Forum, water crises have been among the top five global risks in each of the last seven years.”
Automotive technology company Lear Corporation announced a new 2030 commitment to reach 100% renewable energy for electric power consumed at its global sites. RE100 members commit to sourcing 100% of the electricity used across their global operations with electricity from renewable sources.
Business stands ready to work with governments to deliver more ambitious NDCs in both developing and developed countries. In a globaleconomy no-one will be unaffected when climate-related disasters hit. It means developing sustainable finance taxonomies and implementing disclosure standards in support of a 1.5 °C
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.
Only a fundamental transformation of our globaleconomy will allow us to limit global warming to 1.5°C. 2030 is not far away. 2030 is not far away. Not only must we accelerate our own net-zero transformation, but we must help other businesses and industries reinvent themselves as well.
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/ -
From harvest failures to disruptions in logistics, the impacts of climate-related disasters such as severe flooding and extreme heat also mean greater costs for businesses and consumers in a globalizedeconomy. Meanwhile, over 330 companies are working with CDP to request data from their suppliers. aligned transition plan.
Chemours is among the first chemical companies to commit to setting science-based targets with SBTi, a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. CONTACT: INVESTORS Jonathan Lock SVP, Chief Development Officer investor@chemours.com.
The launch of the disclosure framework is a vital step towards ensuring the private sector has the tools it needs to develop credible transition plans.” In 2022, only 28% of UK companies disclosing through CDP said they had a transition plan. In 2022, only 28% of UK companies disclosing through CDP said they had a transition plan.
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 signatories recommended mandating climate-related disclosures across the financial system.
The SBTi is part of the World Resources Institute (WRI) Center for Sustainable Business and a collaboration of WRI, the Carbon Disclosure Project (CDP), the World Wildlife Fund (WWF) and the UN Global Compact. Develop : Work on an emissions reduction target in line with SBTi criteria. What is the Corporate Net-Zero Standard?
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.
Water links Analysis by environmental non-profit CDP said that the financial impact of water risks, such as shortages or pollution, could reach as much as US$392 billion.
The world fought back against the pandemic, and in just one year, developed four vaccines and immunized half of the world’s population. Despite poor coverage in developing countries (6%) and new variants bringing back lockdowns, we hope to go back soon to a new normality. 2021 Sustainability Summary.
C-aligned science-based emissions reduction targets and develop a climate transition action plan. Companies must develop specific targets, strategies, and actions to cut their emissions through better protecting, managing and restoring nature within their value chains as part of an overall emissions reduction strategy.
To help close this gap, We Mean Business Coalition develops and brings together best-in-class guidance for companies on how to take a “whole company” approach to reduce emissions across the value chain and take action to protect and restore nature.
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. In this context, companies can and should be on track to cut emissions in half by 2030 and reach net zero by 2050.
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.
Examining these differing scenarios helps businesses better understand the range of possible futures and develop strategies that are robust across different potential outcomes. CDP (Carbon Disclosure Project) CDP questionnaires are widely used by institutional investors and companies to evaluate a company's climate preparedness.
They recognized that without reliable climate-related financial information, assets could be mispriced and capital could be misallocated, meaning the globaleconomy potentially could face a tumultuous transition to a low-carbon future. So, the TCFD was born. Out of 727 companies headquartered in the U.S.
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
CDP disclosure expansion aims to provide more visibility on plastics for investors. . Improved visibility of the role of plastics in business processes and supply chains will help, according to environmental disclosure platform CDP, but forward-looking metrics will also be needed to guide future investments. .
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. trillion in AUM, according to a report by the Global Investing Network. The scene is dominated by cloud services offered by consolidated software developers (e.g.
Over the course of this year, the UNFCCC Secretariat will work with relevant stakeholders to determine how GCAP can increase the robustness of the whole accountability system.
When we discuss scale, we cannot afford to ignore the millions of small and medium sized businesses – or SMEs – that drive globaleconomies and create the fabric of local communities. It’s essential that these solutions are scaled and rapidly. To halve emissions by 2030, we need small and medium sized businesses on board.
If this happens, it will not be difficult for many to see how this emerging paradigm of leadership could change the global conversation and global probabilities for success in reversing climate breakdown. . This new paradigm of leadership has even reached the highest levels of policy development in the United States.
In that role, she was engaged in helping clients develop strategies for supply chain transparency disclosures and claim, emissions reporting and human rights. . "In It uses the Sustainable Development Goals as a guidepost for many of its policies and has aligned its business with eight of them. . LinkedIn | Twitter. "We
Read live updates from on the ground in Glasgow, including the latest business announcements, policy breakthroughs and other key developments. . The Glasgow Climate Pact represents a vital step in our shared efforts to keep global warming to 1.5 °C Anything less is incompatible with limiting global temperature rise to 1.5ºC.”
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. According to the Institute and Faculty of Actuaries, an actuary uses their mathematical skills to help measure the probability and risk of future events.
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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