Corporates and consumers are fuelling global warming
A new study found that limiting global warming to 1.5°C is currently not plausible – and we need all members of society, including corporates and consumers, to strive for deeper decarbonisation.
Paris Agreement
All Paris Agreement Posts
2022 was second warmest year for Europe: Copernicus
New data from the European Union’s Copernicus Climate Change Service reveals that 2022 was the second warmest year on record for Europe and the fifth globally.
Global corporations pledge to align lobbying with Paris Agreement
COP27 saw the launch of The Action Declaration on Climate Policy Engagement, where over 50 of the world’s largest corporations committed to bringing their (and their industry associations') policy engagement in line with the goals of the Paris Agreement.
Norway to speed up green transition for state-owned companies
The Norwegian government plans to leverage its ownership in 70 companies to accelerate their green transition. This is another indicator of the growing importance of engagement rather than divestment in accelerating the transition.
Corporate climate disclosure still too slow, warns G20 body
More companies are disclosing climate-related financial information but not enough is useful to assess climate risk, according to the Task Force on Climate-related Financial Disclosures (TCFD). Plus, investors from ClimateAction 100+ warn many pledges are not supported by credible plans.
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.
Group M launches framework to measure ad-based emissions
GroupM, WPP’s media investment arm, has launched a new framework for the measurement of ad-based carbon emissions. A positive step, or a side-stepping of responsibility?
Understanding decarbonisation pathways for finance
The publication of Achieving the Paris Climate Agreement Goals Part 2’ Science-based Target Setting for the Finance industry identifies the nuts and bolts of decarbonisation targets on a scientific basis.
Greens back Australia climate law as political priorities shift
Australia’s new climate bill is all set to pass the Senate after receiving support from the country’s Green party. Greens leader Adam Bandt announced that after securing changes to the ruling Labor party’s “weak” climate legislation, the party will vote to pass the proposed laws.
Net zero indicators warn banks are an investment risk
The Institutional Investors Group on Climate Change (IIGCC) and the Transition Pathway Initiative (TPI) have released their latest analysis of bank performance on net zero, warning that ‘weak performance’ raises investment risk.