| The latest insights from CDP, the global environmental disclosure system The past year has seen a historic rise in climate awareness, from central banks working to spur green finance, to young people taking to the streets to defend their futures; the calls for serious action from companies, cities, investors and policymakers are only getting louder. In spite of this, May 2019 saw atmospheric CO2 levels hit a record high. With the IPCC’s stark warning of the staggering difference between 1.5°C and 2°C of global warming still fresh in our minds, and the latest analysis from CDP highlighting just how much is at stake compared to the huge opportunities to be gained from action, it is clear that now is the time for the world to step up, and launch ourselves towards a sustainable, low carbon future. | |
| Global climate change analysis 2018 As investors become increasingly engaged with the existential threat climate change poses to companies and the global financial system, the demand for climate-related information is growing. We’ve examined the disclosures of the world’s largest companies by market cap, to see how they are responding to this increasing demand. | |
| Major risk or rosy opportunity: Are companies ready for climate change? The threat climate change poses cannot be overstated. In 2018, the world’s largest companies reported US$1 trillion of climate-risk through CDP. But the financial opportunities from the low carbon transition are even greater; and they are some seven times bigger than the costs to achieve them. Explore our break down of the risks and opportunities faced by CDP responding companies. | |
| Cities A List 2018 Responsible for approximately 70% of global emissions and home to around 55% of the global population, cities are at the forefront of the climate fight. We’re celebrating the 43 that led the way in 2018. | |
| Portugal’s extreme weather: When climate change knocks at your door With the spotlight on the financial implications of climate change risks and opportunities, it’s crucial to remember that climate change is more than just a numbers game. Climate change is having real impacts, on real people’s lives. Our Strategic Advisor, Pedro Faria recounts how extreme weather hit his home nation of Portugal last year. | |
| India’s looming water crisis – a call to action for companies India is currently facing the 'worst water crisis in its history', with 21 cities slated to run out of groundwater by as early as 2020. Due in part to climate impacts, such as drought & flooding, India’s rapidly growing industrial sector is compounding the issue by failing to properly manage its water usage. Our latest blog explores the role companies operating in India must play in protecting precious water supplies. | |
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| Elsewhere on the web The Wall Street Journal studies the impact water intensive business operations had on a New York town, a demonstration of the reputational and brand risks of an improperly managed water policy. The world’s biggest companies are facing US$1 trillion in climate risk, meanwhile, companies are identifying more opportunities from action. Wired, Reuters, the New York Times, the Independent, Bloomberg, Der Spiegel, Les Echos, and L’Agefi each explore what this means for companies and their shareholders, and the necessity for companies to begin capitalizing on the golden opportunity the low carbon transition represents. The success of climate action relies on ambitious, rapid action from cities around the world. Forbes, Bloomberg and CBS News each explore the cities that earned a position on the CDP 2018 Cities A List, discovering the bold action cities are taking to blaze the trail towards a climate-secure future. China is the world’s largest importer of soy, and as its population grows, so will its appetite. However, with Brazil’s soy exports putting its natural rainforests under increasing stress, the Chinese soy industry is finding deforestation in its supply chains, and it’s posing a serious risk to Chinese investments. Ethical Corporation, BusinessGreen, and Forbes explore how deforestation is impacting the Chinese financial sector. | |
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| Events 18 June: Find out how to make the most of CDP’s forest reporting framework with our Introduction to Forests Disclosure 2019 webinar. Available at two times. Attend our 9am GMT session or our 4pm GMT session. 19 June: Join Danone and the Science Based Targets initiative in Paris for the Science Based Targets workshop, where you will be equipped with the tools to drive the adoption of science-based targets within your companies through a combination of practical and in-depth knowledge-sharing and interactive peer-learning sessions. Register today. 3 July: During the first ever London Climate Action week, the Climate Innovation Forum 2019 will bring together leaders of the low carbon transition to champion the role of innovation in the transition, focused on 4 themes – zero carbon energy, zero carbon buildings, zero waste, zero carbon mobility. Register today. | |
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