CDP reveals 2022’s leaders and laggards of corporate disclosure
Global nonprofit organisation CDP has published its annual scoring of companies’ environmental disclosure practices, revealing that just 1.3% are performing well across the board.
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CDP warns companies recognise biodiversity risk but failing to act
Ahead of COP15 and negotiations for a post-2020 Global Biodiversity Framework, CDP has released analysis showing 55% of companies are failing to take action to progress biodiversity commitments made in the past year.
US proposes mandatory CDP disclosure for federal contractors
The Biden Administration has proposed a new rule that would require its federal contractors to publicly disclose their greenhouse gas emissions and exposure to climate-related financial risks.
Sweep launches emissions monitoring platform for financial institutions
Carbon management start-up Sweep is to help greening finance by providing a new platform that measures, analyse and reports on financial institutions' portfolio emissions.
New analysis shows G7 firms failing on Paris target with trajectory of 2.7°C
Current corporate emissions reduction targets across the G7 place the current net zero trajectory toward 2.7 °Celsius rather than the 1.5 °C goal of the Paris Agreement, according to Oliver Wyman analysis of CDP's temperature ratings analysis.
CCEP taps Rabobank to provide sustainability-linked supply chain finance
Coca-Cola Europacific Partners aims to achieve its own sustainability targets by improving the ESG footprint of its supply chain.
Firmenich targets net zero with a natural capital focus
Firmenich is the first fragrance company to receive The Science Based Targets initiative (SBTi) approval for its net zero emissions, including natural capital in a move to rounded sustainability and beyond a narrow focus on emissions.
Five countries caused $6 trillion in climate damages
A Dartmouth study calculates the economic impacts of climate change and warming from greenhouse gas emissions (GHGs) by individual countries. Not only did it identify $6 trillion in damages from five countries over 25 years; it calculated that damages from the US and China are responsible for $1.8 trillion in annual losses over the same period. The same methodology could be used to calculate the economic impact of individual companies.
Deforestation risks $80bn in commodity supply chains for business
The paper, cattle and timber industries face up to $80 billion in supply chain risk from changes in forest-related ecosystems. Deforestation is driving destruction in the key areas from which globally traded goods and raw materials are sourced.
HSBC, climate change and net zero: what does transition look like?
In March 2022 one of the world’s largest global banks, HSBC (HSBA), announced new commitments on climate change action for net zero transition but NGOs have questions. Can the bank have a credible plan if its portfolio still contains fossil fuels?