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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.
But carbon is also moving constantly through the globaleconomy, which historically has been powered by burning fossil fuels for energy. As a result, this data informs policy decisions, shapes more effective regulation and helps scientists and other experts understand trends and evaluate potential solutions.
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. It also standardized decision-useful information for the financial community.
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.” Down to business.
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.
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.
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.
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.
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.”. An enterprise-level evaluation begins with understanding a company’s water use, impacts, and risks, as well as acquiring required data and information to document baseline conditions.
Such demands for information are coming from internal and external stakeholders alike. Up to this point, companies have largely been given the flexibility to pick and choose which topics to address, what boundary to apply, how to calculate data, and whether to have their information assured by a third-party.
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. For more information: [link] 2 IPBES. 1109 In E. Brondízio, J. Settele, S. Díaz, & H.
Business leaders can not only manage their productivity and operating results but connect that information with sustainability-related data to help make climate protection measurable, diversity and inclusion visible, and ethical responsibility transparent. SAP customers produce 87% of the world’s global commerce.
The action we need to avoid the most devastating impacts of climate change is clear: halving global emissions by 2030 and transitioning to a just and inclusive net-zero economy by 2050 at the latest. Governments can tap the expertise of business to inform policies that are grounded in their practical experience. .
We’ll offer a compelling case to investors who used focused criteria to inform their holdings. Only a fundamental transformation of our globaleconomy will allow us to limit global warming to 1.5°C. 2030 is not far away. It’s vital that we build sustainability into the very nature of how we do business.
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. For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.
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. For more information, visit ceres.org and follow @CeresNews.
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.
It will help companies communicate high-quality, consistent and comprehensive information on their transition plans to investors, giving them the confidence to finance the transition.” The FCA intends to strengthen its expectations for transition plan disclosures, drawing on the TPT disclosure framework.
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 monetization of externalities informs the management in a language they speak. 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 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. Communicate : Announce targets and inform your stakeholders. What is the Corporate Net-Zero Standard?
Following a call for evidence , the UK Sustainable Investment and Finance Association (UKSIF) said that enhancements to the quality of non-financial information disclosed by UK-based companies could offer “significant benefits to financial markets in the long run”.
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. For information about the Supplier Cascade and to sign up as an early adopter visit the webpage.
CTAPs detail the forward-looking, specific, near-term actions that a company is taking to cut emissions in line with net zero targets and ensure that information can be easily shared with investors and other stakeholders.
The rise in ESG investment has contributed to an increasing demand for quality and comprehensive non-financial information disclosures. 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.
“I will be watching to see what the countermove is from Parties and their financial regulators, who ultimately are the ones who have power to compel firms to disclose this information and to ensure its quality,” she says.
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. . Global businesses should apply this foundational principle to the private enterprises that public authorities charter.
"We have an opportunity to extend the recent response of regulators, businesses and investors on climate change to nature; both are interrelated and both pose a systemic risk to the globaleconomy.". Mellody Hobson, Co-CEO and President, Ariel Investments. LinkedIn | Twitter. What about labels with instructions and ingredients?
With the addition of the new tools created in partnership with Normative, CDP, BSR and the University of Cambridge Institute for Sustainability Leadership, the SME Climate Hub will be able to better enable SMEs to make strategic and impactful emissions reductions, track their progress, and demonstrate climate leadership. ANALYSIS: .
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.
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