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Drawing on longstanding pro-CO2 rhetoric in climate denialism, Policy Resolution #12 asks the government to scrap its decarbonization goals, remove the designation of carbon dioxide as a pollutant, and recognize the greenhouse gas as a “foundational nutrient for all life on Earth.” “I
"This is where the moral leaders [will] separate themselves from the greenwashers," Paul Polman, global sustainability leader and former Unilever CEO, said in a GreenBiz 21 keynote conversation about what leadership means today. Governments already have spent $12 trillion to $13 trillion just to stabilize globaleconomies ravaged by COVID-19.
This is “imposing significant costs on governments, corporations, NGOs, regional economies and other stakeholders. In 2019, flooding accrued a hefty price tag of $82 billion for globaleconomies,” Enright notes, citing The Wall Street Journal. And there is potential for these costs to surge past $1.2
Clean200 data show that for the large companies that make up 80% of global market capitalization, sustainable revenues and capital expenditures are growing more than twice as fast as all other revenues over the past five years. The current list has been updated with data through January 29, 2025.
We are in contact with our Associates in the region, and are keeping an eye on developing conditions across Romania, Austria, Poland, and the Czech Republic. One of the most destructive consequences of climatechange is the increased frequency of flooding. Read on to learn more about flood management, response and mitigation.
Even before all that, we’d been watching the real-world risks of climatechange looming and growing across the United States and around the world. But the report didn’t pussyfoot around the issues: “Climatechange poses a major risk to the stability of the U.S. snowstorm within 48 hours.
Across the continent, business schools are embracing local narratives , turning the classroom into a space where African ingenuity and global relevance meet and changing how students see themselves – not just as participants but as creators of a more sustainable and equitable globaleconomy.
In its first year, the Index is helping to develop a benchmark for financial security and inclusion across globaleconomies. In general, developedeconomies tend to pool towards the higher end of the Index, and emerging and developingeconomies cluster at the bottom. Key findings.
In an open letter to its clients, HSBC CEO Noel Quinn said the bank had been motivated to ramp up its environmental ambition by customer concern about climatechange. "We We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable globaleconomy.".
The survey indicated that climatechange has emerged as a top priority for senior executives, even as their companies face major geopolitical and economic disruption. In a year of continued uncertainty, disruption, and competing business challenges, leaders ranked climatechange as a top issue.”.
Our accredited partnership program is a crucial part of our efforts to support financial institutions in their efforts towards decarbonization and is key to accelerating the transition towards a more sustainable and equitable globaleconomy.
Photo: CARE Peru Data from the Gates Foundation suggests that investing in the economic power of women like Fariha could boost the globaleconomy by as much as $10 trillion by 2030 – twice the GDP of Japan, the world’s third largest economy. Elizabeth Vargas Vilca and her staff at her shoe manufacturing business.
ESG issues continue to gain prominence, with climatechange getting the most attention today. We see customers demanding action on carbon emissions, investment firms structuring new green products and governments developing regulations to support the transition to a sustainable future. ClimateChange. Pull Quote.
For years, there has been a steady stream of visions aimed at reforming, rethinking, reimagining, reinventing, redefining and rebooting the operating system that drives capitalist economies. The World Business Council for Sustainable Development (WBCSD) is focused on Reinventing Capitalism.
This year, the to-do list for the leaders of seven of the world’s economic and political heavyweights is long — from ending the COVID-19 pandemic, to averting an impending global food crisis, to taking meaningful action on climatechange.
With record high unemployment , a reeling globaleconomy and concerns of food shortages , the world as we know it is changing. Climate Action Summit and has become a global symbol of environmental activism. The Story of More: How We Got to ClimateChange and Where to Go from Here " by Hope Jahren.
This month’s UN climate summit, COP29 , held in Baku, Azerbaijan, has been called “ The Finance COP.” Less than a decade ago, it was thought, maybe, that investing $100 billion a year in developing countries’ sustainability aims would be adequate. Fast-forward to 2024, with its multiple hurricane disasters in the U.S.;
We are also at a tipping point in climatechange. Climate-related disasters displaced three times more people than conflict and violence in 2020, jeopardizing education for millions of children. Climatechange is also why the renewable energy sector is booming, opening new jobs with new challenges and skill requirements.
WRAP warns that food loss and waste have devastating impacts on society and globaleconomies too. The World Economic Forum estimates that food loss and waste costs the globaleconomy $936 billion a year, while more than 783 million people go hungry and a third of humanity faces food insecurity.
DESCRIPTION: Two weeks ago, global business and political leaders met at the annual World Economic Forum in Davos to discuss geopolitical and environmental challenges. The need to move towards a net-zero economy, regenerative businesses, and an inclusive globaleconomy were the key topics on the agenda.
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 green groups behind the report have warned of an "alarming disconnect" between the global scientific consensus on climatechange and the ongoing practices of the world's leading banks. The banking sector maintains that serious change is afoot. And yet, today's report comes within hours of the U.K.
food sector have disclosed their climate transition strategies nor concrete actions to achieve them, despite increasing investor pressures and the growing threats of climatechange. The Investor Guide to Climate Transition Plans in the U.S. None have published a climate transition plan. by the end of the decade.
“A call to transition energy systems away from fossil fuels—the first time oil and gas had been included in a COP agreement—won over those demanding strong action; but oil producers and developing countries were reassured by assertions that countries are free to follow their own paths to net zero,” Bloomberg News reports.
But the quality of the disclosures is critical in meeting the existential challenge of climatechange. There are, of course, two sides of climate action that must be addressed: mitigation (usually by emissions reductions) and adaptation. Adaptation metrics need further development. ClimateChange.
As we approach COP29, which (roughly) coincides with the fourth anniversary of the Net Zero Asset Managers initiative (NZAM), it’s an excellent moment to reflect on progress and reaffirm the individual commitments of NZAM signatories to accelerating the transition to a net zero globaleconomy.
Investment manager Wellington Management announce today the final close of the Wellington Climate Innovation Fund, raising $385 million in commitments for the firm’s inaugural climate solutions-focused venture fund.
You sigh with relief knowing that the world had accomplished something no one thought was possible: We’d turned back the clock on climatechange. Much of the current conversation around climatechange focuses on the obstacles that make the problem so difficult to solve.
Making substantial climate progress in a troubled, disrupted globaleconomy will be the order of the day – and developing countries are expecting to be on the receiving end of long-awaited, rich-world largesse. Financing those efforts in a still stuttering, inflation-racked globaleconomy will be a central talking point.
A growing number of businesses, governments and civil society organizations are coming together to drive the change through the Platform for Accelerating the Circular Economy (PACE). Circular economy strategies that reduce our use of resources can cut global greenhouse gas emissions by 39 percent (22.8
Can ESG data help ensure that they are built in a manner that makes them resilient in a climate-changing world, even mitigate the threats of droughts, floods, hurricanes, wildfires and all of the other calamities in the first place? Sustainable finance can help. trillion annually.
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. Ateli Iyalla.
Despite the reductions in air travel and the global economic slowdown caused by the pandemic, climatechange sadly has not slowed down this past year. We have only until 2030 to get things on track for a net-zero and nature-positive economy — this should sharpen our minds for action. ClimateChange.
president will be taking aim at legislation that resulted in nearly US$300 billion in private-sector investments in clean energy, battery manufacturing and clean power generation, most business leaders recognize that concerns about a worsening climate crisis will grow regardless of shifting political winds. While the new U.S. Telus Corp.
DESCRIPTION: The 27th United Nations (UN) Conference of the Parties (COP), which took place this November in Sharm El Sheikh, Egypt, marked a significant milestone in developing action against climatechange. Climatechange inequality, contributors and sufferers, has been a key agenda item at COP for many years.
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.
There has been a documented 69% decrease in monitored global wildlife populations since 1970, and factors like habitat loss, overexploitation of nature, invasive species, disease and climatechange are all drivers for biodiversity loss worldwide.
The economic fallout caused by the COVID-19 pandemic is forcing governments around the world to come up with policies for stimulating the globaleconomy. Many are considering a tried-and-true method to boost economies in the short term and provide wide societal benefits in the long term: infrastructure investment.
As such, attention is likely to quickly turn to alternative avenues for accelerating the development and adoption of the lower-carbon shipping technologies and practices that remain in the pipeline. ClimateChange. Shipping & Logistics. Corporate Strategy. Sustainable Shipping. BusinessGreen. Sponsored Article.
Between a selfish free-for-all in which we ignore the fate of the losers, and a future in which the strong and successful accept their responsibilities, showing global vision and leadership. The 2030 Agenda for Sustainable Development will not be delivered through incremental improvements to business as usual. Have we lost our way?
The latest UN climatechange summit (COP27) concluded, once again, with a tussle over the place of fossil fuels in the globaleconomy. An agreement by the world’s governments to phase out all fossil fuels would have been a welcome progression from last year’s Glasgow climate pact.
Natural capital provides the building blocks that enable ecosystem services—the positive benefits that societies and economies derive from nature—to sustain life and create wealth. That’s why biodiversity loss alone could cost the globaleconomy trillions of dollars in the coming years, in addition to trillions more related to climatechange.
Brazil, Russia and China have pledged to be net-zero by 2060, and India, which is at an earlier stage of industrial development, by 2070. And 130 countries have also promised to reach net-zero emissions by 2050, including all the G7 countries and South Africa. These pledges should not be underestimated. What is the right speed?
One recent study found that net zero commitments now cover at least 68% of the globaleconomy. The sixth Intergovernmental Panel on ClimateChange (IPCC) report , published last August, was unequivocal that without an unprecedented, rapid reduction in emissions, the world is on track to exceed 1.5 °C
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