With the Paris Agreement of 2015, more than half of the global economy has committed to reducing greenhouse gas (GHG) emissions while investing efforts into the removal of GHG from the atmosphere. This is to meet the Paris Agreement goal of limiting temperature rise to „well below 2°C“ as well as to ensure compliance with…
Climate-oriented adaptation is becoming increasingly important for the financial sector. At the same time, it poses challenges for most sectors. For example, there is no single agreed decarbonisation pathway, the methodologies for tracking alignment are unclear, and this is further compounded by the poor quality of the underlying data. In addition, pioneering financial institutions face…
Companies interested in bringing their CO2 emissions towards ‚Net Zero‘, should pay attention to the newest report of the Science Based Targets Initiative (SBTi) published this September. This report recognizes offsetting and neutralization of CO2 emissions as valid tools in the transition to a ‚Net Zero‘ status and presents five potential strategies to achieve a…
Within the last two weeks (from 2nd to 14th Dec. 2018) the COP24 has taken place in Katowice, Poland. This was the 24th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC COP24). The event achieved its main goal to finalize the rulebook of the Paris Agreement,…
In mid-September (12th until 14th September 2018) the Global Climate Action Summit will take place in San Francisco in order to push action against climate change and to ‘take ambition to the next level’. The overarching goal of the event is to promote the decarbonization globally as well as to raise further awareness regarding climate…
In April 2017, a group of leading climate and business experts convened by Christiana Figueres – former Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC)- has identified the year 2020 as a turning point to reduce CO2 Emissions. This is called the Mission2020 or M2020. Such campaign takes its roots in the report „2020:…
Background story: The majority of our blog posts deals with CSR topics; we write about the latest developments in this field and try to relate it to a company’s daily business. Our background stories have a different perspective: Here, we explain trends, scientific background and societal implications of corporate sustainability – sometimes with a personal…
THE UNFCCC 21th Conference of Parties (COP21) was held in Paris from the 30th of November to the 12th of December, 2015. The 195 countries represented here reached an historical agreement to curb climate change. The Paris agreement at a glance: Objective to keep temperature rise below 2°C and try to limit it to 1.5°C Five-year…
