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
When Glasgow hosted COP26 in 2021, bringing together 120 world leaders and more than 40,000 participants, the UK was seen as a world leader in the battle against climate change. Former chair of the Committee on Climate Change Lord Deben believes the country can get back on track to net zero and regain its status as a global leader.
A breakthrough happened about 18 months ago at the COP26 climate summit in Glasgow when the IFRS Foundation agreed to form the ISSB and establish a single sustainability reporting framework. Created in 2000, the IFRS is a non-profit foundation that has become the global standard-setter for accounting principles.
Ex-BoE chief calls for “radical new approach” to mobilising investment in emerging and developed markets; also warns of strandedassets. Carney was speaking at the Net Zero Delivery Summit, organised by the City of London Corporation, in association with COP26 Presidency UK and GFANZ.
At COP26, IFRS introduced a new International Sustainability Standards Board (ISSB) to develop a comprehensive global baseline of sustainability disclosure standards. The World Economic Forum launched the Measuring Stakeholder Capitalism Initiative seeking to accelerate convergence among the major ESG standard setters.
For business, investments in fossil fuels are now far riskier because the market expects them to become strandedassets in the foreseeable future. As delegates head home, these are the key lessons that business leaders can take from Cop26. Nature came to Cop26 like never before. Their message to world leaders is loud.
Convened at COP26, we have already worked to set industry-wide standards for engagements, and are using these, together with the fast-growing set of tools, data and roadmaps to use our best efforts to eliminate the deforestation in our portfolios by 2025.
Even so, we were reminded how far the G20 nations are from meeting their COP26 commitment to keep 1.5°C Perhaps these outcomes should not be a surprise after BlackRock, the world’s largest asset manager, described many 2022 climate resolutions as “ prescriptive or constraining ”.
This would build further from COP26 in Glasgow when countries agreed to ‘phase down unabated coal.’ From an economic perspective, fossil fuels represent future indebtedness and strandedassets. There is a spark of hope. The science is clear that limiting global temperature rise to 1.5°C They are a poor investment.
In addition to hampering global efforts to curb carbon emissions and achieve net-zero by 2050, coal power finance carries substantial socio-economic risks for the countries that host projects, leading increasingly to strandedassets.
Will a company’s investment take it a step closer towards a net zero world, or will it be a strandedasset tomorrow? There has been significant development on reporting standards since COP26. Sustainability reporting provides the information the markets need to make good investments, finance the transition and track progress.
SATURDAY 13 NOVEMBER – This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . An updated draft proposal was released by the COP26 Presidency this morning, on the last official day of the conference. READ THE FULL STATEMENT HERE > FRIDAY 12 NOVEMBER – ANALYSIS: .
The solution, the Just Energy Transition Partnership announced at COP26, pledges funding and expertise from western governments including the EU, France, Germany, UK and US, to help South Africa meet its updated nationally determined contribution emissions goals. .
At COP26 in Glasgow last year, governments, businesses, and other stakeholders in the automotive industry and road transport committed to “rapidly accelerating the transition to zero emission vehicles to achieve the goals of the Paris Agreement”. China has emerged as a driver of the global EV market, almost tripling sales in 2021 to reach 3.4
With the circus that is COP26 grinding inexorably along, the focus is now moving from coal (where some progress is being made — like the tide, though, with countries like Poland making pledges and then withdrawing their pledges) to unnatural gas. Long touted as a transitional fuel from coal to renewables, it now seems like […].
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