Cold-water laundry detergents, fuel-saving tires, energy-efficient ball bearings, emissions-saving data centers. Corporations are increasingly claiming that their goods and services reduce emissions. Thirty-six percent of companies responding to a 2017 survey by CDP claimed they sold products that would help consumers avoid emissions—a 20 percent increase from the year before.
American manufacturing giant 3M announced last week that it was committing to move to 100% renewable electricity across all its global facilities by 2050 and has started the process by switching its company headquarters St. Paul, Minnesota, to 100% renewable electricity last Friday and kickstarting the company’s efforts by bringing its total renewable electricity consumption to 30%.
Corporations based in Europe are among those most likely to be making significant climate-related commitments and progress with as much as 75% of Europe’s largest corporations acknowledging “transition” risks, such as new climate legislation will meaningfully affect their businesses.
Building on combined commitment and action on environmental, social, and governance issues, French investment and asset manager CPR AM, a subsidiary of Amundi, is teaming up with CDP (formerly the Carbon Disclosure Project) to launch a thematic equity fund which will be dedicated to fighting global warming.
The world’s greenest and most sustainable companies have been highlighted in two parallel reports published this week by CDP, the non-profit global environmental disclosure platform, and Canadian media and research company Corporate Knights, with the common thread in both lists being the consistent economic performance of companies committed to fighting climate change and addressing environmental issues.
As the year draws to a close it is only natural to look back at what has been, and forward at what might be. This is doubly important for the global clean energy industry and the policies which support its efforts to combat climate change and enact the core target of the Paris Climate Agreement.
The latest disclosure data provided to CDP has revealed that some of the largest US-based corporations view climate change as an increasing risk to their bottom line as well as their reputation among consumers and investors, highlighting the growing business readiness for the low-carbon transition.
A total of 415 global investors with $32 trillion in assets under management have this week called on leaders at the United Nation’s COP24 global climate change conference currently underway in Katowice, Poland, to address the climate change “ambition gap” by strengthening their Nationally Determined Contributions to meet the goals of the Paris Agreement.
A new report published last week has shown that only 44% of Europe’s largest companies track the business impact of climate change and environmental challenges in their annual reports.
A new report published today by The Climate Group, CDP, and PwC UK reveals that leading states and regions across the globe have committed to decarbonizing at a rate of 6.2% per year, 3.2% faster than G20 governments and just short of the rate necessary to align with a 2°C pathway.
