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On the fifth anniversary of the TCFD, a call to action

GreenBiz

December marks the five-year anniversary of the Paris Agreement — a turning point for the movement to limit dangerous climate change and environmental destruction. These leaders understood the direct linkage between climate change and financial risk. So, the TCFD was born. Out of 727 companies headquartered in the U.S.

CDP 306
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$37 Trillion Group Calls on 1,000 Businesses to Set Science-Based Climate Targets

ESG Today

The campaign is backed by many of the world’s largest financial institutions including Allianz Global Investors, AXA Group, Crédit Agricole and UBS, as well as by 45 multinational companies with over $710 billion in annual procurement spending, such as PepsiCo, Astra Zeneca, and Schneider Electric.

CDP 100
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SBTi Appoints Maria Outters as First Chief Impact Officer

ESG Today

The Science Based Targets initiative (SBTi) announced today the appointment of Maria Outters as Chief Impact Officer, a newly created role for the organization, aimed at driving strategic engagements, strengthening governance, and accelerating the growth of corporate climate action.

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HSBC, Standard Chartered, other Major Banks Exit SBTi

ESG Today

Founded in 2015, SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice.

Banking 116
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Third of Global Market Cap Covered by Emissions Reduction Targets

Chris Hall

A total of 2,253 companies across 70 countries and 15 industries have approved emissions reductions targets or commitments with the organisation, with 80% of targets approved by SBTi in 2021 aligned with limiting climate change to 1.5°C. Since its foundation in 2015, the majority of SBTi companies with 1.5°C

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions. Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5

Net Zero 147
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Tetra Pak Sustainability Report FY22: Acting for Nature

3BL Media

Nature underpins societal wellbeing by providing basic life support services and material goods such as soil, air, water, food, fuel, and fibre 1 , so the impacts of nature loss are wide-reaching and threaten the foundations of our global economies, livelihoods, and food systems 2,3. Díaz, & H. IPBES secretariat. 6 Ceballos, G.,