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NGFS Releases its First Short Term Climate Scenarios

ESG Today

The NGFS was established in 2017, with the purpose of helping to strengthen the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development.

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The 25 most sustainable private companies in the world

Corporate Knights

While publicly traded companies often dominate the headlines, private companies are a much larger part of the global economy. The company aims to achieve net-zero emissions by 2050, in line with the Paris Agreement, largely by helping its customers switch to electric vehicles.

Net Zero 214
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COP29 takeaways: a turning point for climate finance, but falls short on fossil fuels

We Mean Business Coalition

What it means: The $300bn is a modest step forward, marking progress under the Paris Agreement but falling short of the decisive action and timeline the climate crisis demands. Companies poised to act early will find themselves at the forefront of the growth markets in the global economy.

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How climate risk disclosure became a battleground for the clean economy

Corporate Knights

The shift began with the Paris Agreement in 2015, when the Task Force on Climate-Related Financial Disclosures (TCFD) was created. Or just find a temperature graph of the past century, put your finger on the bottom left corner, and move it rightward. Keep going when you get to the end. Corporations are staffing up, Bell-Pasht says.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Pull Quote. Finance & Investing.

Net Zero 402
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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place. A statement provided by Shell welcomed signs that some form of new regulatory regime was on the way.

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A new Swedish iron processing project could disrupt the global steel industry

GreenBiz

Looking forward, with customers, investors and policymakers increasing pressure to adhere to the Paris Agreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness. This pivot in business strategy has major significance for the global steel industry. New challenges, new opportunities.