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.
Coca-Cola Europacific Partners aims to achieve its own sustainability targets by improving the ESG footprint of its supply chain.
Firmenich is the first fragrance company to receive The Science Based Targets initiative (SBTi) approval for its net zero emissions, including natural capital in move to rounded sustainability and beyond a narrow focus on emissions.
A Dartmouth study calculates the economic impact of 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.
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.
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?
While the management of greenhouse gas (GHG) emissions may be dominating the headlines, there is increasing concern about the operational risks around water. Part of the problem, however, is that water is often undervalued around the world, even taken for granted, and that makes it a material risk.