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Net-zero pledges have become commonplace among corporations, financial institutions and cities, but questions abound as to whether those companies and governments have real plans in place to achieve them. Often, they plan to rely on technology that has yet to be scaled or on offset systems whose credibility is hotly debated.
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.
Young people from Manhattan to Mongolia are leveraging technology to address issues of climatechange. Over 1 billion children — half of all children globally — are at an “extremely high risk” due to the impacts of climatechange. Air pollution is a complicating factor of climatechange.
In the coming weeks, lawmakers are set to consider two key pieces of legislation that would provide consumers, investors, and other stakeholders with information about how companies are managing the financial risks and opportunities from climatechange. SB 253 (authored by Sen.
Corporate sustainability. By taking a deeper look at the lasting impact of business activity, organizations can enact changes that make them more resilient in the face of climatechange, of greater value to local communities, and a place where top talent longs to work. Read more about the importance of ESG reporting.
In recent years, the global focus on sustainability has shifted from a sole emphasis on climatechange to a broader consideration of nature and biodiversity.
As the world grapples with existential threats like climatechange and biodiversity loss, the spotlight is increasingly turning toward the role of corporations in shaping our sustainable future. In this context, last year's New York Climate Week was a monumental occasion.
Environmental Factors: climatechange strategy, energy management, water stewardship, circular waste strategies, etc. Standards and frameworks have evolved to meet this audience shift and the need to communicate how ESG will impact corporatefinancial performance and long-term business strategy.
The Taskforce for Nature-related Financial Disclosure (TNFD) was founded in June 2021 to provide a framework for corporations and financial institutions to assess, manage and report on their dependencies and impacts on nature beyond climatechange.
The dilemma lies in the global perspective, with the region not receiving the expected ‘greenium’, and investors still prioritise underlying credit.” In October, the United Nations Framework Convention on ClimateChange (UNFCCC) published a new synthesis report to support governments in their decision-making process for the Global Stocktake.
“CA100+ has changed the conversation about the world’s largest corporate greenhouse gas (GHG) emitters in relation to their action on climatechange and the role of investors in corporate engagement,” Stephanie Pfeifer, CEO of the Institutional Investors Group on ClimateChange (IIGCC) and member of the CA100+ Steering Committee, told ESG Investor.
Climate-related scenario analysis includes how firms perform and behave under 1.5°C-aligned C-aligned paths and policies compared with business as usual, as well as the risks and opportunities for different scenarios, according to Carney, also Co-chair for the Glasgow Finance Alliance for Net Zero (GFANZ).
This concept has recently graduated from being a reputational risk to a regulatory issue across Australia’s corporate, financial and consumer ecosystems. Transition plan : To lay out how the company is going to transition from its current state to the nirvana of zero carbon emissions and enhanced resilience to climatechange.
Stemming from Athens University, the Hub will bring together scholars and researchers from around the world to work collaboratively to address the most pressing challenges related to climatechange and to identify sustainable pathways through the instruments of technology, finance, and policy.
Both standards will require companies to disclose how they are both directly and indirectly responding to risks and opportunities, how their subsequent strategy will be resourced, and what consequent changes they expect to financial position and performance over time. . Does the fine print stand up to scrutiny? .
Recent research (scientific-peer-reviewed, unlike many of those recent reports attacking corporateclimate action) by the University of Münster definitively established the positive link between corporate carbon emissions performance and corporatefinancial performance.
Guterres established the expert panel to recommend ways of ensuring that climate pledges made by “non-state actors” (corporations, financial institutions and local and regional governments) are implemented. . It comes at a challenging time for those who want more aggressive climate action. .
The anti-ESG campaign makes little sense to the many end investors, asset managers, and corporate leaders who see the consideration of environmental, social, and corporate governance information as important to both investor and corporatefinancial success. It’s not about politics.
But irrespective of the political impulse in Washington, we expect resilience to be a critical focus, transcending divides and spanning climate, social and environmental issues. All of these endanger corporates bottom lines and translate into systemic risks for financial institutions.
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