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In December 2015, as a response to increasingly frequent environmental disasters that disrupted ecosystems and human health — plus caused unforeseen business losses and jeopardized assets and infrastructure — the Financial Stability Board launched the Taskforce on Climate-related Financial Disclosures (TCFD).
C warming target set in the 2015 Paris Agreement on climate change, and there must be a “rapid acceleration of mitigation efforts after 2030” if there is any hope of limiting global temperature increases to 2°C. . The Carbon Disclosure Project’s (CDP) 2021 Global Supply Chain program, which represents 200 member organisations with US$5.5
By Michelle T Davies, EY Global Sustainability Legal Services Leader, and Ben Taylor, EY Global Strategy and Markets Leader, Climate Change and Sustainability Services When the Task Force on Climate-Related Financial Disclosures (TCFD) launched in 2015, its primary aim was to prevent a potential meltdown in the financial markets.
SBTi, a partnership between the CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), notably tightened its emissions reduction frameworks last year, having previously accredited strategies aligned to a 2°C rise in global temperatures. Addressing greenwashing.
Reduction targets are “science-based” if they align with levels the scientific community deems necessary to meet the 1.5 - 2 °C temperature reduction target set by the 2015 Paris Agreement. This has fueled confusion and accusations of greenwashing. The post What is the Science-Based Targets initiative (SBTi)?
A new guide from the We Mean Business Coalition, “ The 4 As of Climate Leadership ” defines, in terms of ambition, action, advocacy and accountability, what companies must do to deliver on net-zero commitments and avoid accusations of greenwashing. CalPERS has been using CDP data to analyze the carbon risk of its own portfolio.
After the signature of the Paris Agreement in 2015, science has become widely accepted. Moreover, according to CDP, supply chain emissions are on average 11.4 According to Dexter Galvin, Global Director of CDP Supply Chain, there are six benefits of setting a science-based target. Why should a company be net-zero?
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