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
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.
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 climate change, water and forests, through the CDP 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. economy throughout this century, especially in the absence of increased adaptation efforts.”
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 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.
But carbon is also moving constantly through the globaleconomy, which historically has been powered by burning fossil fuels for energy. According to an analysis of CDP data , just seven industries account for 85 percent of direct Scope 1 emissions. Carbon is everywhere.
The regulatory changes and shifting market demands, as well as the opportunities to innovate and improve operational efficiencies that come with a globaleconomy shifting towards low-carbon technologies. Scenario analysis is a core recommendation, helping businesses understand potential impacts under different climate futures.
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.
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.
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.
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.”. Water-related issues are headlined daily, and major reports back this up. Water is often an overlooked component in ESG. How can companies incorporate water practices into their ESG reporting?
SAP customers produce 87% of the world’s global commerce. That means our products and services can help the vast majority of companies driving the globaleconomy organize their supply chains, transportation, and financial data in a way that can enable an equitable, circular economy and net-zero emissions.
The approach aligns with global targets, including those outlined in the Biodiversity Plan that calls for action to halt biodiversity loss and put nature on a path to recovery for the benefit of all life on earth. As other companies join us on this journey, together we can help protect and restore nature for the generations to come.”
In a globaleconomy no-one will be unaffected when climate-related disasters hit. C -aligned financial system, using International Sustainability Standards Board (ISSB) as a global baseline and considering effects on people and planet. Nicolette Bartlett, Chief Impact Officer, CDP. C target within reach. ?.
Only a fundamental transformation of our globaleconomy will allow us to limit global warming to 1.5°C. 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.
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.
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-changing globaleconomy.
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.
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.
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. .
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. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control.
The risks to globaleconomies, natural systems, and communities are beyond catastrophic if urgent action isn’t taken in the near term to reverse climate change. Co-hosted by AIGCC, CDP, Ceres, IGCC, IIGCC, PRI and UNEP FI. C to help make net zero investment portfolios a reality.
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.
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.
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
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.
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.
The materials industry saw the highest growth in the number of companies setting targets, while the three lowest represented industries – power generation, biotech, healthcare and pharma, and hospitality – saw little change. “Companies must act now” Formed as a collaboration between CDP, the United Nations Global Compact, World Resources Institute (..)
The 2021 Progress Report, ‘ Scaling Urgent Corporate Climate Action Worldwide ’, found that companies committed to cut emissions in line with climate science now represent US$38 trillion of the globaleconomy, more than one-third of global market capitalisation (up from 20% in 2020).
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. More than 70 countries , including the biggest polluters — have set a net-zero target, covering about 76% of global emissions.
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.
We Mean Business Coalition, in partnership with CDP, Ceres and EDF has reviewed existing resources to produce consolidated guidance for creating robust plans. Taking nature-positive steps A third step for every company that wants to be a climate leader, is to invest in nature-based solutions to climate change.
As a result, 90% of the globaleconomy and a third of the 2,000 largest companies have net-zero pledges. As an example, according to CDP 2021 supply chain report , upstream emissions are 11.4 ESG trends in 2022: Net-Zero ambition. The majority of corporates find most of the risks and opportunities from their suppliers.
The TNFD’s final recommendations are set to be released next month and follow a call for nature-related reporting in the Global Biodiversity Framework adopted at COP15 last December.
Businesses must report transparently on any beyond-value-chain mitigation investments and volumes aligned with best available reporting practices through platforms such as CDP.?. Nature’s contribution to the globaleconomy is worth more than $125 trillion annually. REPORT AND COMMUNICATE TRANSPARENTLY .
Leaders from the seven Coalition partners, BSR, CDP, Ceres, Climate Group, CLG Europe, The B-Team and WBCSD came together to ensure the voice of forward-looking businesses were clearly heard at COP21 in Paris and that we raised the bar for corporate climate action.
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. Many companies are making incredible progress and charting the course for others to follow.
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.
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. As a result, 91% of the globaleconomy and almost half of the 2,000 largest companies have net-zero pledges. Sustainability trends 2023: Net-Zero roadmaps.
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.
GFANZ’s ‘quiet quitting’ of RtZ followed increasing pressure on US members due to the anti-ESG movement, often alleging breaches of anti-trust rules, which has only gathered momentum over the course of 2023.
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. The business benefits of getting reporting right go beyond compliance.
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