Reuters Events Sustainable Business’ Post

We have been waiting decades for those large companies and governments to enact meaningful change that would prevent catastrophe. That has not happened and still will not happen. We need to find meaningful ways to combat climate change, not just slow it down. "However, just 4% of the targets meet the criteria laid down by the U.N.'s Race to Zero campaign, for example by covering all emissions, starting to cut them immediately, and including an annual progress update on interim and longer term targets." #climatechange #zeroemissions #un

Given last month's agreement on #CS3D, and various other developments on climate transition plans around the world, it felt like a good time to speak with Mark Manning, Lucilla Dias and Tracey Groves about the direction of travel this year. They discuss the focus of the regulation shifting from disclosure to implementation, the need for plans to address the broader net zero transition (not just entity-level decarbonisation), and the knock-on effects for companies not captured directly by any of the current rules. https://lnkd.in/em7aDDCp

At #COP28 and beyond, fair carbon markets must be part of the climate solution. In this article in Mongabay, Carbon Growth Partners' Charles Bedford and John Myers discuss how to make that happen at scale, equitably, and fast. #climatechange

This week the Science Based Targets initiative released its much-anticipated first outputs as part of its revision of the Corporate Net Zero Standard. In our latest blog our Policy Associate Holly Nicholson unpacks the lengthy set of documents, which cover the role of environment attribute certificates in company net-zero strategies, and explains what they mean for businesses looking to take action on climate change. Read the blog here: https://lnkd.in/erZbpREn #SBTi #ScienceBasedTargetsInitiative #ClimateAction #ClimateChange #EmissionsReduction #Scope3 #CarbonCredits #CorporateClimateAction #CNZS #CorporateNetZeroStandard

Companies announce climate goals with great fanfare—but often, they eventually scale back or fail to implement those pledges. Yale School of Management spoke to #YSE lecturer Todd Cort about how significant these reversals are and what should be done to encourage companies to keep making progress. https://loom.ly/_bj5zfQ #ClimateSolutions #BusinessClimateSolutions

Just 4% of top companies meet UN climate target guidelines, study says Half of the world's 2,000 biggest listed companies have set a target to get to net-zero emissions by mid-century, but just a fraction meet UN guidelines for what constitutes a quality pledge. #ClimateActionNow! https://lnkd.in/dju3wEGU.

Really interesting article on SBTi and Net Zero from the perspective of a group of IPCC experts. Quoting my favorite part of the article, "You can almost take a SBTi target as the definition of what is not sufficient if you’re a company located in the Global North or a multinational company with high access to resources" I do agree with the experts that, when talking about setting climate targets, it used to be the far west before SBTi arrived into play. But the pendulum might have swung too far to a universal rule that applies to everybody, but therefore applies to nobody. If we want to solve the climate crisis, we all need to push ourselves and aim to be as ambitious as we can, even if this means exceeding some predetermined standards. #climateaction #sbt #netzero #ambition https://lnkd.in/ezrBppap

An insightful and realistic analysis.

https://lnkd.in/eFP6Nvtv A new report has been published on the progress of industries to become more sustainable. A collection of facts giving hope and demonstrating that it is not too late. It is also a powerful pledge and motivation to continue with the work battling climate change. There is still a lot to do and in some areas we need to speed up and do more.