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Finance Sector Net Zero Plans Must Respect Planetary Limits – SBTi

Chris Hall

The Science-Based Targets Initiative (SBTi) has set out four guiding principles for financial institutions (FIs) to follow to ensure their net zero strategies are consistent with action required to meet “planetary level” emissions targets, in keeping with wider sustainability and societal climate goals. Addressing greenwashing.

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How Big Oil's spin doctors are influencing influencers

Corporate Knights

Cancelling oil industry greenwash There’s a growing consensus that the PR companies involved in greenwashed campaigns need to be held to account. It dismissed a petition that circulated at COP26, asking it to cut ties with the fossil fuel industry. They claim, ‘We’re good corporate actors.

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What Net-Zero companies are and How to start the journey

Carlos Sanchez

Net-zero emissions companies is one of the fastest-growing business trends. According to scientists achieving net-zero before 2050 is critical to keeping us safe from the catastrophic consequences of climate change. Still, many organizations struggle to make their first steps to become Net-Zero companies.

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Sustainability disclosures: Why we need a global reporting standard in 2022

We Mean Business Coalition

Since the 2015 Paris Agreement, thousands of companies have voluntarily set ambitious, science-based emissions reduction targets. Since COP26, some of those jurisdictions (the SEC, EFRAG and International Financial Reporting Standards (IFRS) Foundation) have delivered pioneering legislative and standard-setting efforts.

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UN Ramps up Pressure on Financial Institutions 

Chris Hall

Countries signed up to the Paris Agreement of 2015 set out to limit global warming to well below 2 °C and pursue efforts to limit it to 1.5°C. Managers have been under close scrutiny during the current AGM season as their past voting records have not always aligned with their net zero commitments. Phasing down and out .

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Taking the Heat Out of COP27

Chris Hall

According to the International Energy Agency (IEA), US$4 trillion needs to be invested in renewable energy globally every year by 2030 to achieve net zero by 2050. South Africa signed a JETP at COP26 in Glasgow, which committed France, Germany, the UK, the EU and the US to supporting its clean energy transition through US$8.5

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An Increasing Sense of Urgency

Chris Hall

Suga’s pledge was followed up at COP26 last November when current Prime Minister Fumio Kishida promised US$10 billion over the next five years to support Asia’s migration from fossil-fuel-fired to zero-emission thermal power, such as ammonia and hydrogen. The post An Increasing Sense of Urgency appeared first on ESG Investor.