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New UN panel looks to hold companies, governments accountable for net-zero pledges

Corporate Knights

They will also require massive amounts of capital from financial markets that still don’t adequately value the risks and opportunities associated with climate change. Net-zero commitments proliferated ahead of COP26, held last November in Glasgow. We’re very far from where we need to be. But the good news is we can get there.

Net Zero 339
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ICYMI, Governments and Regulators are Making the Running

Chris Hall

When it comes to gathering the collective will to tackle climate change, it is often argued that public policy actions and private sector commitments are mutually reinforcing, spurring each side to go further and faster. Even so, we were reminded how far the G20 nations are from meeting their COP26 commitment to keep 1.5°C

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

We Mean Business Coalition

Debates are currently underway in both the EU and the US about how companies should report on the risks that climate change is bringing to their business – and vice versa. Since the 2015 Paris Agreement, thousands of companies have voluntarily set ambitious, science-based emissions reduction targets.

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2022 Must be the Year of Action

Chris Hall

Despite the undeniable evidence that the world is charting an increasingly dangerous climate course, world leaders once again missed a critical opportunity to act. Yet COP26 came and went without the detailed action plans required. What is required is systemic change. Above all, the climate emergency needs to be made personal.

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VCM Code of Practice Launches, with Google, Unilever and Hitachi on Board

Chris Hall

Regulators around the world are considering increasing their scrutiny of companies’ emissions-reduction claims in a bid to dispel greenwashing concerns. . Companies will have to maintain good corporate practice on climate change, including a public commitment to reaching net zero by 2050.

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UN Ramps up Pressure on Financial Institutions 

Chris Hall

Given the mixed track record of the finance sector in aligning with the goals of the Paris Agreement, its response to the increased pressure is seen as key test of major institutions’ ability to transition long-established business models. . Phasing down and out .

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Analyzing Carbon Offset Markets’ role in our journey to a net-zero world

Carlos Sanchez

Carbon offset markets have always been complex and controversial instruments to fight climate change. Climate science is clear. We need to cut greenhouse emissions rapidly in this decade to avoid the catastrophic and unpredictable effects of climate change. Offsetting is often a dangerous climate lie.