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Hundreds of companies and investors including nearly 300 asset managers with a combined $68 trillion in assets have made netzero commitments. These include the Investor Agenda , Climate Action 100+ , the NetZero Asset Managers Initiative , the Valuing Water Finance Initiative , and the Ceres Ambition 2030 initiative, among others.
Jessica Smith, Nature Lead at the UNEP FI, says it’s time for biodiversity to take its place alongside climate in investor priorities. There have been trillions of dollars committed to climate change as part of the Global Financial Alliance to NetZero ; now we want to recreate that commitment and momentum for biodiversity.”.
Neither the world’s financial firepower nor the impact of climate change is spread evenly, which means funding the transition to netzero is much harder and more urgent for emerging markets and developing economies (EMDEs) compared to developed ones. . If asset owners can feel confident that their capital will make a difference. .
It is working to address these systemic environmental and social risks and ensure a just transition to netzero. To do this, car manufacturers are beginning to invest directly in mines.
Because of their multiple benefits, investments in NbS would represent “good value for money” at a time of global macroeconomic uncertainty, said Ivo Mulder, Head of the Climate Finance Unit at the UN Environment Programme (UNEP). . Where finance flows, action follows,” she said, adding: “Where finance flows lag, commitments wither.” .
SDSN is proud to have contributed to Chapter 6 "Transforming food systems" of UNEP's 2022 Emissions Gap Report thanks to our FABLE Consortium scientific director Aline Mosnier. In the best-case scenario, full implementation of unconditional NDCs and additional net-zero emissions commitments point to only a 1.8°C C in place.
Stuart Lemmon, Global Managing Director for the NetZero Transformation Practice at EcoAct, an Atos company, outlines the elements of a credible corporate climate strategy and explains why we should embrace scrutiny and work collectively on the path to netzero. o C remains highly uncertain. Navigating without a road map.
This expert group includes representatives from the UNEP World Conservation Monitoring Centre, standard setters EITI and SASB, and investment institutions FTSE Russell and S&P Global. ISS ESG Issuer Level NetZero Alignment Data can be used to identify positive and negative performing companies against individual climate related metrics.
Despite the precariousness of the pathway to netzero, COP26 generated a renewed sense of urgency and optimism as to how to support emerging markets and deal with heavy greenhouse gas emitters. Yet, as the latest United Nations Environment Programme’s (UNEP) annual gap report shows, policies currently in place point to a 2.8°C
COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to netzero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to netzero, even by those who acknowledged its multiple caveats.
Despite this trend, commentators like Dan Carlin, UNEP FI’s Task Force on Climate-Related Financial Disclosures (TCFD) Program Lead, have made the case for further engagement with the fossil fuel industry. In fact, the total value of the institutions divesting is estimated to be US$40.5
Keeping track of all the possible biodiversity and nature-related risks and impacts across a large corporate’s supplychain becomes “incredibly complex”, Cozic says.
SDSN signed a partnership agreement with the Climate Action Tracker (CAT) to collaborate in the coming years on areas of common interest, including around national net-zero strategies, pathways and policies. A Policy Brief on the EU’s impacts embodied into the food supplychains was also released.
The report also found that climate resilient developments in urban areas support the adaptive capacity in more rural places, maintaining peri-urban supplychains of goods and services and financial flows. Last year, UNEP FI published guidance outlining the kinds of resilient buildings needed to cope with new climate extremes.
“We’ve got a supply-demand imbalance and resource limitations the likes of which we’ve never seen.” The ongoing war in Ukraine, increased incidence of extreme weather and the Covid-19 pandemic exposed global food systems’ vulnerabilities, disrupting supplychains and driving up prices of food, fuel and fertiliser.
Just prior to COP26, the UN Environment Programme (UNEP) launched the International Methane Emissions Observatory (IMEO) to improve the accuracy and public transparency of human-caused methane emissions. These estimates have not included the gas supplychain, which CBI says is a “significant omission”.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Lenovo Commits to NetZero Emissions Across the Value Chain by 2050 Danone Launches Plan to Address Methane Emissions From Dairy SupplyChain Pfizer to Offer Full Portfolio of Medicines to 1.2
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