EU plans more investment for clean technologies in Europe The European Union is committed to address climate change and has set ambitious climate goals, including becoming climate neutral by 2050. One of their action to decarbonize the EU is the Net Zero Industry Act. The act, introduced 16th March, is an initiative stemming from the…
On March 20, 2023, the IPCC’s overarching final report, the AR6 Synthesis Report, was released, and again emphasized the urgency of climate action[1]. To address this concern, many companies have adopted sustainability strategies to reduce their environmental impact and become more socially responsible. One such strategy is the adoption of science-based targets. Science-based targets and…
The Race to 1.5°C started More and more companies are setting net-zero targets in line with 1.5°C by the SBTi. Since the last two years, the number of participating companies has more than doubled each year. In particular, European companies are leading the way.[1] As part of the publication of the Net Zero standard, four…
Eine erfolgreiche Klimastrategie ermöglicht zum einen die Reduktion der Umweltauswirkung eines Unternehmens und zum anderen die Adaption des Unternehmens an die Risiken des Klimawandels. Herausforderung Klimawandel Der sich verschärfende Klimawandel stellt die Unternehmen vermehrt vor Herausforderungen. Nicht nur ändern sich die Anforderungen von Geschäftspartnern und Kunden (z. B. ein gutes Rating bei CDP), auch üben…
What does ESG stand for? The abbreviation ESG has become indispensable in today’s world, as companies are increasingly focusing on an ESG strategy and ESG criteria. E stands for Environment, S for Social, and G for Governance. The basic idea is to align the entire company structure and culture as well as its business models…
