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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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Statement on behalf of We Mean Business Coalition ahead of COP27

We Mean Business Coalition

This will create positively reinforcing ambition loops that can drive the scale required: the right government policies and incentives allow companies to decisively invest in net-zero solutions, which in turn gives governments confidence to step up ambition. . Deforestation must be removed from supply chains by 2025.

Net Zero 144
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TPT Framework “Complements and Builds” on ISSB Standards

Chris Hall

The Transition Plan Taskforce’s (TPT) finalised disclosure framework aims to “remove friction” for preparers of climate transition plans by aligning with the work of the International Sustainability Standards Board (ISSB) and Glasgow Financial Alliance for Net Zero (GFANZ). The first reporting would begin from 2026.

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Third of Global Market Cap Covered by Emissions Reduction Targets

Chris Hall

The 2021 Progress Report, ‘ Scaling Urgent Corporate Climate Action Worldwide ’, found that companies committed to cut emissions in line with climate science now represent US$38 trillion of the global economy, more than one-third of global market capitalisation (up from 20% in 2020).

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Water Must Be “Third Peak” in Climate, Nature Challenge

Chris Hall

Speaking at the OECD’s Forum on Green Finance and Investment 2023 , she also noted that there is “no way we can meet net zero goals without nature”. billion people worldwide lack access to water and at the current global water consumption rate the situation will severely worsen.

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UK Urged to Move Away from Single Materiality Mindset

Chris Hall

In its consultation response, the UN Principles for Responsible Investment (PRI) said that the UK government must commit to implementing the ISSB’s general sustainability disclosure requirements standard (IFRS S1) and climate standard (IFRS S2) on an economy-wide basis by 2025 “at the latest”.

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COP26 Live Blog: All in for 1.5ºC

We Mean Business Coalition

This along with an end to fossil fuel subsidies by 2025 is the timeline business needs to help get us on track. Anything less is incompatible with limiting global temperature rise to 1.5ºC.” is also joining RE100 by committing to 100% renewable electricity by 2025. . million (tCO2e) of portfolio emissions annually.

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