Key Impact Points: Rising Emissions Undermine Climate Targets The United Nations Environment Programme (UNEP) reports that current global climate policies fall short of the Paris Agreement’s 1.5°C goal. The report states, “1.5°C will be dead within a few years” unless nations increase their commitment to emission reductions. In 2023, global
Key Impact Points: Global Adoption of TNFD Framework At COP16 in Cali, Colombia, the Taskforce on Nature-related Financial Disclosures (TNFD) announced that 502 companies and financial institutions have committed to adopting TNFD’s voluntary nature-related risk reporting. This marks a 57% increase since the first announcement in January 2024, signaling significant
Key Takeaways: Microsoft has signed a significant carbon removal deal with Ebb Carbon, committing to an initial removal of 1,333 tons of carbon dioxide and potentially expanding to 350,000 tons over the next decade. This ocean-based carbon removal agreement is part of Microsoft’s broader strategy to become carbon negative by
Key Impact Points: A new survey by Nasdaq offers crucial insights into how companies are adapting their carbon credit strategies to align with net zero goals. The 2024 Global Net Zero Pulse Report highlights shifts in corporate buyer preferences, regulatory challenges, and the growing demand for education on carbon removal
White House Races to Allocate Clean Energy Funds As the end of President Joe Biden’s term nears, his administration is scrambling to secure clean energy funding from the Inflation Reduction Act (IRA) before the possibility of a new administration disrupts progress. With Donald Trump threatening to pull back unspent IRA
Key Impact Points: COP16 Begins in Cali, Colombia Global Focus: From October 21 to November 1, 175 countries are gathered in Cali, Colombia, for COP16, aiming to tackle biodiversity loss under the Kunming-Montreal Global Biodiversity Framework. Discussions center on how to finance biodiversity initiatives in developing countries and manage genetic
Key Impact Points: Climate Progress Stalls Despite 2023 marking the hottest year on record, a new study by Boston Consulting Group (BCG) and CO2 AI reveals a slowdown in corporate decarbonization efforts globally. Among nearly 2,000 companies surveyed, only 9% reported comprehensive measurement of Scope 1, 2, and 3 emissions.
Key Impact Points: Deloitte is taking a major step toward achieving its sustainability goals by implementing GreenLight powered by Salesforce. This cutting-edge solution, which merges Salesforce’s Net Zero Cloud with Deloitte’s technology, helps the organization manage its environmental, social, and governance (ESG) reporting across more than 120 countries. Driving Global
Key Impact Points: The Rise of Sustainable Building Products Nearly 90% of the 110 building products companies covered by Morningstar Sustainalytics derive some portion of revenue from sustainable products and services. This marks a significant industry shift towards supporting the global transition to green buildings. Why Green Buildings Matter Green
Key Impact Points: COP16 Security Overview The United Nations Biodiversity Conference of Parties (COP16) is set to take place in Cali, Colombia, from October 21 to November 1, 2024. While the event is highly anticipated, U.S. citizens attending should be mindful of potential security risks, including street crime and protest
