February Monthly Briefing: Zero Tolerance on Climate Our views on what matters |
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As highlighted in our 2021 Actions for Business, being held to account is our watch-out for 2021, and why this month we’re looking at zero tolerance on companies failing to deliver on climate commitments.
As our lead article 'Climate-thinking long term: Seven points to act on' explores, the true meaning of profound change takes a long time to unpack itself, and the consequences for business of climate change are now starting to bite. Why wouldn’t you be incentivising executives to be part of the solution? And with companies now being judged on their whole climate change impact, from the start of the supply chain through to disposal of goods and impact of products, are you prepared to report this?
If all this feels a bit far-fetched, the proof of increased scrutiny and expectation is in the daily news stories. Widespread gaps in reporting by the FTSE, where ClientEarth have found fewer than half are using the TCFD’s guidelines – the baseline industry standard and the one that, along with SASB, BlackRock’s CEO Larry Fink is endorsing. It’s why ratings agency S&P has warned 13 oil & gas companies that they are at risk of downgrade for not moving away fast enough from fossil fuels. And why European aviation’s Destination 2050 path to net-zero emissions can be challenged, for being reliant on undeveloped technological progress.
Be prepared. |
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| | | FTSE companies still show major gaps on climate reporting With 90% of the FTSE making no reference to climate change factors in their financial and audit reports, why regulation may be what’s required to close the accountability gap. Read More |
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| | S&P warns 13 oil & gas companies of likely credit downgrading How S&P’s move captures a looming reality: that businesses too slow to act on climate change will suffer financially in the approaching low-carbon economy.
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| | European aviation players’ uncharted path to net-zero emissions How the industry’s recovery from Covid-19 is also tied to challenging net-zero ambition by 2050, reliant on undeveloped carbon neutralisation tech and synthetic fuel. Read More |
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| | Climate-thinking long term: Seven points to act on What the ramifications of the climate shift really mean for business.
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| | 2021 Action for Business Welcome to our 2021 Actions for Business, where we identify the forthcoming challenges and actions for businesses that seek to accelerate change towards a future where our society and planet can thrive. This was always going to be a decisive decade, which our current global fragile and fraught status makes only more profound.
Download here |
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| | Net Zero Finance, Tuesday 16 March 2021
Powered by BusinessGreen as part of the Net Zero Festival, this digital event is a day of learning, leadership and practical insights from some of the biggest names in sustainable finance. Save 25% with CODE: BG-CCBRIEFING-21 Register here |
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