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
HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Pull Quote. Finance & Investing.
Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the ParisAgreement in the first place. A statement provided by Shell welcomed signs that some form of new regulatory regime was on the way.
While publicly traded companies often dominate the headlines, private companies are a much larger part of the globaleconomy. The company aims to achieve net-zero emissions by 2050, in line with the ParisAgreement, largely by helping its customers switch to electric vehicles.
Looking forward, with customers, investors and policymakers increasing pressure to adhere to the ParisAgreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness. This pivot in business strategy has major significance for the global steel industry. New challenges, new opportunities.
Key risks and opportunities include: Increased frequency and severity of storms, floods, and heatwaves that can disrupt supplychains, damage infrastructure, and impact workforce availability. scenario is the IPCC’s lowest emission scenario, aimed at keeping global warming below 1.5°C IPCC RCP 1.9 The IPCC RCP 1.9 IPCC RCP 4.5
To fulfil their commitments to the ParisAgreement, countries h ave no option but to move on phasing down and out fossil fuels. Policy certainty will allow businesses to develop affordable and reliable near-term alternatives to fossil fuels for their operations and supplychains. We have no choice but to be bold.
“Nevertheless, we are still not where we need to be when it comes to the global energy transition and meeting our climate goals. If we are to have any chance at reaching our ParisAgreement objectives and remaining on a 1.5°C
At a wider, global scale Aviva Investors believes climate t ransition planning – which the UK is set to mandate reporting on – across the whole globaleconomy can provide a series of positive self-reinforcing actions and information flows.
For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supplychains and lending/investment portfolios are often more complex than for other industries. For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8
The causes and impacts of climate change don’t stay within borders – a global response is required to address this truly global problem. Multilateralism on climate change has landed significant achievements. The ParisAgreement is a prime example.
C objective of the ParisAgreement and supported the accelerated phase-out of fossil fuels , coupled with a rapid scaling up of clean energy. It’s clear that clean energy is the growth industry to invest in now to attract investors and talent, cut costs and build resilience in the globaleconomy. C pathways.
These funds are essential not just for achieving the goals of the ParisAgreement but also for catalysing further private investment in the transition to a low-carbon economy. But it will also be of great relevance to businesses around the world, particularly those that rely on globalsupplychains.
Fortunately, the ‘ambition mechanism’ from the ParisAgreement — the process it establishes to periodically review countries’ progress toward meeting their commitments to address climate change, and to ratchet up their ambition over time — worked. This is a welcome step.
A wave of investment opportunity To achieve the targets of the ParisAgreement, we need to reduce CO2 emissions very quickly. Likewise, the EV market is growing rapidly, but as the graphic shows, the sheer complexity of its supplychains calls for deep research to identify where long-term value really lies.
In this context, several countries and companies have taken up the challenge, and currently, 90% of the globaleconomy and a third of the 2,000 largest companies have net-zero pledges. Companies release carbon dioxide and other greenhouse gases into the atmosphere due to their operations and supplychain.
Russia’s invasion of Ukraine and the corresponding energy crisis, inflation spike and political instability it inflicted on the globaleconomy brought into question whether this act of military aggression should be seen as a help or hindrance to the energy transition. “In Sustainability also needs to extend to the supplychain. “As
At COP27, Norway’s Prime Minister, Jonas Gahr Store, and US Special Presidential Envoy John Kerry launched the Green Shipping Challenge to encourage actors in shipping value chains to make Paris-aligned net zero commitments and policymakers to support the advancement of green shipping corridors.
For businesses, that includes our direct operations, and it also includes Scope 3 emissions (indirect emissions that result from a company’s supplychains and use of its products), which are an order of magnitude larger. If the answer is no, we need to make it yes everywhere we have influence. What is the right speed?
The frequency of catastrophic heatwaves, flooding and droughts continues to have an increasingly deadly and devastating impact on all parts of society—including the globaleconomy. These disasters impact supplychains, products, and the services on which consumers rely, and the impacts will only increase without dramatic action.
The Glasgow Climate Pact represents a vital step in our shared efforts to keep global warming to 1.5 °C C and implement the ParisAgreement and will be welcomed by the business community. C temperature goal of the ParisAgreement alive, and to ensure a just transition. . C alive, just.
Complex SupplyChains designed to run efficiently failed under the pandemic. Restrictions, Brexit regulations, a ship stuck in the Suez Canal, extreme weather events and energy shortages impacted supplychains and prevented firms to meet their demand. ESG trends in 2022: Sustainable SupplyChains.
gigatonnes of CO2 equivalent, less than one per cent, off projected global emissions in 2030. This lack of progress leaves the world hurtling towards a temperature rise far above the ParisAgreement goal of well below 2°C, preferably 1.5°C. NDCs submitted this year take only 0.5 C over the century.
The cost of climate change is rising at an alarming pace, with ripple effects being felt across communities and the globaleconomy. More frequent and extreme weather events, exacerbated by climate change, are disrupting supplychains, displacing people from their homes and causing disaster response and recovery costs to skyrocket.
New Zealand, a nation of about 5 million people, in late January reported progress toward its goal to cut emissions by 30 percent over the next decade compared with 2005 levels — but recognized current measures won’t be enough to meet the ParisAgreement goals. It aims to reach net-zero for its own operations and supplychain by 2030.)
Tackling supplychain emissions is a necessity for any business serious about driving down its climate impact. Representing 90% of all businesses and contributing over 50% of global GDP, SMEs are the backbone of the globaleconomy. This article was first published in Edie.
The shift began with the ParisAgreement in 2015, when the Task Force on Climate-Related Financial Disclosures (TCFD) was created. Or just find a temperature graph of the past century, put your finger on the bottom left corner, and move it rightward. Keep going when you get to the end. Corporations are staffing up, Bell-Pasht says.
What it means: The $300bn is a modest step forward, marking progress under the ParisAgreement but falling short of the decisive action and timeline the climate crisis demands. Companies poised to act early will find themselves at the forefront of the growth markets in the globaleconomy.
The final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030. Under the ParisAgreement, countries were only obliged to update their goals by 2025. Nature is the substrate of everything including our economy. Businesses, banks, and investors.
As widely expected, on his first day back in the White House, he signed an executive order to withdraw the US from the ParisAgreement and moved to scrap oil and gas exploration restrictions. These dangers increase financial risk, causing damage to facilities and infrastructure, threatening supplychains and raising insurance costs.
This could stall global efforts to increase much-needed climate ambition from other major players, including China and India, undermining global efforts, weakening outcomes from negotiations and compromising the next cycle of nationally determined contributions (NDCs).
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