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Through our Climate Impact Pledge, we encourage companies to reduce climate change risks and transition to a net-zero economy. In this LGIM Blog post, Cristy Rodriguez, Anna Hirai, and I outline the highlights of the latest Climate Impact Pledge report. The Climate Impact Pledge assesses over 5,000 companies in 20 'climate critical' sectors. We also identify around 100 'dial mover' companies for direct engagement, chosen for their size and potential to galvanise action in their sectors. Some themes highlighted: public policy plays a vital role; there is still insufficient disclosure of Scope 1 & 2 emissions; the pace of transition is neither fast enough nor smooth enough, in our view. We believe that responsible investors have an important role engaging with companies, understanding the challenges they face, and encouraging significant action to mitigate the systemic risks of climate change. For professional investors only. Capital at risk. #climatechange #netzero #energytransition #responsibleinvestment #sustainability #LGIMclimatepledge #ClimateAction

Beyond value chain mitigation was voted as the most confusing climate term by 83% of our audience - so we’re back to unpack it even more! 🤔 Beyond value chain mitigation, or BVCM, is a key concept in the SBTi’s Corporate Net-Zero Standard, which is the leading net-zero framework for businesses. Simply put, BVCM means funding climate action as part of your net-zero journey. It refers to funding climate action to reduce emissions outside of your business’s operations, whilst also reducing your own emissions on your journey to net-zero. But how should your business approach BVCM? Swipe through this document to find out more 👉 Still got questions? Check out our recent blog post: https://lnkd.in/e85p98Qn #ForOurPlanet #ClimateAction #NetZero #BVCM #BeyondValueChainMitigation

Think tanks NewClimate Institute and Carbon Market Watch are urging voluntary initiatives such as VCMI and the Science Based Targets initiative to strengthen their standards and validation processes instead of opening the door for #Scope3 flexibility. In the latest Corporate Climate Responsibility Monitor (#CCRM) published today, the two organisations find that most companies’ #ClimateTargets remain insufficient and unsubstantiated, and express concerns over "loopholes" that could further undermine ambition. https://lnkd.in/eEP9ZeQU #NetZero #ClimateStandards #ChiefSustainabilityOfficer

Just setting a net-zero target, was once lauded - not anymore. It can now be included as a type of greenwashing. A forward looking target cannot be set and forgot, nor can its success be relied predominantly on offsets. InfluenceMap research indicates 58% of almost 300 companies from Forbes 2000 are at risk of "net-zero greenwash" Points to note: 1️⃣ Walking the walk on climate, involves engagement - using their influence to advocate for ambitious government policies, working with investor groups and aligning their efforts with the Paris climate agreement. 2️⃣ There is a huge gap between making a "net-zero" commitment, and having their target verified by the Science Based Targets initiative Next time you read that climate report, don't forget to look at the engagement/lobbying section!

In his first post for Forbes, Michael Berends, CEO and co-founder of ClearBlue Markets, stresses the importance of leaning into the voluntary carbon market (VCM). He argues that despite its flaws, the VCM is a practical and immediate tool to tackle climate change, urging us to embrace its potential. Read the full article on Forbes. https://lnkd.in/g9cPVbEV

Will the CSRD be a catalyst for corporate climate action? Find out in this overview where Shashi Kiran Ravikumar, Decarbonisation Practice Lead, shares insights on how the CSRD can help inspire and structure companies’ decarbonisation efforts, becoming a key strategic catalyst for change.  https://lnkd.in/eaGzNsfq

🌍 Navigating the Path to Climate Neutrality 🌍 The EU’s Corporate Sustainability Reporting Directive (CSRD) is prompting many companies to adopt a more rigorous approach to decarbonisation. However, the journey to climate neutrality is not without its challenges. Achieving net zero emissions will require significant changes to business models, supply chains, and product offerings. To reach these ambitious goals, companies must adopt a strategic approach that aligns with their current sustainability maturity level. This means recognizing where they are now and planning effectively for the future. The CSRD is more than just a regulatory requirement – it's a call to action for businesses to transform and innovate. Let's embrace this opportunity to lead the way in sustainable practices and drive meaningful change. Interested: Read our article - https://lnkd.in/eW54K3A5 #Sustainability #CSRD #ClimateChange #NetZero #CorporateResponsibility #Decarbonisation #ESRS #EU #SustainableBusiness #Innovation

Climate targets, reporting and disclosures are extremely complex to manage, yet nearly all of the world's 250 largest companies report on sustainability and 63% of the world's 2000 largest companies now have a net zero target.   With more regulations and demand from customers and investors concerning climate, managing climate targets, reporting, and disclosures are priorities that are becoming more widespread.   At the Verdantix Climate Summit North America, taking place in Washington DC on the 20th and 21st of February, speakers will speak to these and many other issues facing the industry. I am delighted be a panelist at the event to give my perspective and learn from others about this.   To find out more about the Summit, see below: https://lnkd.in/ew4ugBjF   #Climate #Targets #NetZero #ESG #Reporting #sustainability  

🌍 Climate Action 100+: Driving Corporate Climate Responsibility 🌍 Climate Action 100+ is a bold initiative engaging over 700 investors, representing more than $68 trillion in assets. The goal: to ensure the world's largest corporate greenhouse gas emitters take necessary action on climate change. Key focus areas include reducing emissions, improving governance, and strengthening climate-related financial disclosures. Since its launch in 2017, the initiative has seen significant success: . 69% of focus companies have committed to net-zero targets by 2050. . Over half of these companies have set short- and medium-term emission reduction targets. . Enhanced climate-related financial disclosures have become a norm among the majority of these companies. 🔍 Interesting Findings: Companies in sectors like oil & gas, mining, and utilities are under the most pressure, showing the tangible impact of investor activism. The initiative's influence extends beyond climate, promoting broader environmental, social, and governance (ESG) practices. 🌱 At @lgi, we are a team of consultants trying to achieve impact for good.. . 💡 What other sectors do you think should be the next focus for initiatives like Climate Action 100+ to drive meaningful climate action? #lgi #lgisustainableinnovation #ClimateAction100 #Sustainability #NetZero #ESG #CorporateResponsibility #climateinvestor https://lnkd.in/ejFvwF-j