United Nations Framework Convention on Climate Change (UNFCC)

DEFINITION: A UN framework adopted during the Rio de Janeiro Earth Summit in 1992. It entered into force on 21 March 1994 and has been ratified by 196 States, known as its State Parties. This Framework acknowledges the existence of human-induced climate change and says that industrialised countries should shoulder the major part of responsibility for combating it.

See also: Paris Agreement

See also: Conference of the Parties (COP)

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Investment firm Schroders said there could be $23tn of global economic losses a year in the long term without rapid action

Tackle climate or face financial crash, say world's biggest investors

Global investors managing $32tn issued a stark warning to governments at the UN climate summit on Monday, demanding urgent cuts in carbon emissions and the phasing out of all coal burning. Without these, the world faces a financial crash several times worse than the 2008 crisis, they said.

Merlin Entertainments operates more than 120 attractions worldwide, including 32 in the UK

Merlin Entertainments switches to 100% renewable electricity for UK attractions

Legoland, Sea Life and Madame Tussauds operator Merlin Entertainments is now sourcing 100% renewably-generated electricity across its UK attractions, after signing a supply deal with green power firm Ecotricity.

Developed nations are relying on gas and oil - rather than renewables - as the coal phase-out continues, the IEA has warned

IEA: Global carbon emissions set to rise in 2018, breaking five-year decline

The amount of carbon emitted by the world's most economically advanced nations is set to rise before the end of 2018, bucking a five-year decline in emissions, the International Energy Agency (IEA) has warned.

To mark COP24, edie is running a series of rapid-fire mini-podcasts detailing all the key announcements in 10 minutes or less

COP24 Covered: edie analyses climate talks with series of mini-podcasts

As hundreds of world leaders, policymakers and climate experts meet in Poland to discuss how best to address some of the world's most pressing climate challenges, edie has launched a new series of podcast episodes which will round-up all of the key developments and major announcements for businesses, in under 10 minutes.

The banks have committed to adopt a

Banking giants pledge to align investment portfolios with Paris Agreement

BBVA, BNP Paribas, Standard Chartered and Société Générale have pledged to measure the climate-related impacts of their lending portfolios and assist companies they invest in with aligning their respective sustainability strategies with the Paris Agreement goals.

Negotiators in Poland must produce a rulebook governing how action pledged under the Paris agreement was tracked and reported to ensure all nations play their part

'We are last generation that can stop climate change' - UN summit

The UN climate change summit begins on Monday with a warning that today's generation is the last that can prevent catastrophic global warming, as well as the first to be suffering its impacts.

European Parliament in Brussels

New EU plan comes out fighting for 'climate neutrality' by 2050

The European Commission has unveiled its much-anticipated plan for a "climate-neutral Europe" on Wednesday (28 November), in an effort to show EU countries how to stick to the goals of the Paris Agreement and endorse a shared long-term strategy.

The UN report warns that there is still a

UN: World must triple efforts or face catastrophic climate change

Countries are failing to take the action needed to stave off the worst effects of climate change, a UN report has found, and the commitments made in the 2015 Paris agreement will not be met unless governments introduce additional measures as a matter of urgency.

Berlaymont officials are due to give the strategy a final vetting this week

10 countries demand net-zero emission goal in new EU climate strategy

Ministers from ten EU countries have urged the European Commission to chart a "credible and detailed" path towards net-zero emissions in 2050, ahead of the launch of a landmark climate strategy next week.

The findings come ahead of the UN's COP24 conference, where delegates will develop a

Report: G20 nations off track to meet Paris Agreement goals, despite clean energy promises

Of the energy provided to G20 nations during the past 10 years, 82% was generated using coal, oil or gas - despite the bloc's promises to transition to clean power.

Global carbon emissions are expected to rise to a new record level in 2018

Global economic growth threatening climate change progress, report warns

The expansion in the global economy is undermining the world's efforts to achieve the objectives set out in the Paris Agreement, a new report from global consultancy Capgemini has warned.

Investors have outlined the regulatory, economic and reputational risks that companies could face if they lobby against climate change action

Top European firms warned over lobbying against stronger climate policy

A group of investors worth $2trn has urged 55 major European businesses to review their relationships with organisations with lobbying practices "inconsistent" with the goals of the Paris Agreement.

Governments will gather in Katowice, Poland for the COP24 climate change summit in Poland in December

Report: Few countries have emissions targets that match their Paris Agreement pledges

Most countries signed up to the Paris Agreement, including the UK, have failed to set domestic targets that are at least as ambitious as their pledged contributions, according to a damning new report.

Cement is one of the world's carbon-heavy industries, accounting for 6% of global CO2 emissions

World Cement Association aligns climate action strategy with 2C trajectory

Global non-profit World Cement Association (WCA) has released a climate action strategy targeting carbon emissions and waste management, in a drive to help the industry align with the Paris Agreement's goal of limiting the global temperature increase below 2C.

While renewables have been growing strongly, their growth isn’t large enough to reverse CO2 emissions trends, Birol said

'Bad news' and 'despair': Global carbon emissions to hit new record in 2018, IEA says

Global carbon emissions will rise to a new record level in 2018, making the chances of reaching a target to keep temperature increases to 1.5 or 2°C "weaker and weaker every year, every month," the head of the International Energy Agency (IEA) has said.

From left-right: Unilever’s Thomas Lingard, CDP's Jennie Gleed, Cambridge Institute for Sustainability Leadership's Sarah Millar, BT's Gabrielle Giner and WWF's Jaco Du Toit

Science Based Targets initiative to support businesses with 1.5C goals in wake of IPCC report

The Science Based Target initiative (SBTi) will place a renewed focus on assisting businesses in setting emissions reduction goals aligned with the 1.5C ambition of the Paris Agreement, a WWF official has revealed.

King also joined the growing list of experts and policy leaders calling of the UK Government to enshrine a net-zero carbon goal into law. Image: Foreign and Commonwealth Office

Sir David King: Urgent focus needed on climate 'restoration'

The UK Government's former chief scientific advisor Sir David King has called for a $150 carbon price to be implemented globally and for the UK Government to focus on a net-zero emissions policy for 2045 to start to "repair and restore" the climate.

The report once again highlights the urgent need for bold climate actions from business and policymakers

IPCC 1.5C report: How can business drive the creation of a carbon-neutral world?

The UN's Intergovernmental Panel on Climate Change (IPCC) is celebrating its 30th birthday this year, and has done so by releasing a landmark report that acknowledges the severity of the challenge at hand. But how can business stop being part of the problem, and co-create the necessary solutions?

The letter states:

Business leaders call on EU to set net-zero emissions strategy

A group of business and civil society leaders, including Paul Polman, Christiana Figueres, Sir Richard Branson and Arianna Huffington, has called on the European Union (EU) to increase climate actions and "ensure targets are aligned with a just transition to net-zero emissions" by 2050.

Cheshire explained that greenhush and greenwashing could both harm business reputations. Tucker Images

No more 'Greenhush': Sir Ian Cheshire urges business to get vocal on sustainability

The chairman of Barclays UK and Debenhams had suggested that the business community has a "moral imperative" to deliver and communicate real change that brings in new business models to alleviate key climate concerns.

Since 2000, the UK has reduced emissions by 29% while growing the economy by 34%

Report: UK leading G20 in low-carbon transition

The UK is leading the rest of the G20 nations in transitioning towards a low-carbon future by decoupling emissions from economic growth, although global decarbonisation rates aren't currently strong enough to meet the ambitions of the Paris Agreement.

The world has already warmed by around 1C over the past century

World 'nowhere near on track' to avoid warming beyond 1.5C target

The world's governments are "nowhere near on track" to meet their commitment to avoid global warming of more than 1.5C above the pre-industrial period, according to an author of a key UN report that will outline the dangers of breaching this limit.

The Carbon Neutrality Coalition came out of the One Planet Summit in December 2017

UK commits to Carbon Neutrality Coalition to deliver net-zero emissions

Prime Minister Theresa May has confirmed that the UK will be joining 18 other countries that have committed to reaching net-zero emissions by 2050 at the earliest, while also setting aside £160m to help developing nations transition to cleaner energy systems.

The European Commission has proposed a 30% cut in vehicle emissions by 2030, although MEPs are pushing to raise that figure to 45%

EU must end new petrol and diesel car sales by 2030 to meet climate targets - report

New petrol and diesel car sales in Europe must be phased out before 2030 if the auto sector is to play its part in holding global warming to the Paris agreement's 1.5C goal, a new analysis has found.

Non-state actors made a number of pledges and a call to action at the San Francisco summit. Image: Global Climate Action Summit

Global Climate Action Summit: Lack of government climate ambition balanced by non-state action

San Francisco's Global Climate Action Summit ended on 14 September with non-state actors sending a call to action to governments ahead of the crucial COP24 in December, while highlighting their pivotal role in reducing emissions and reaching climate targets.

The bank will track the technology shift needed to decarbonise the world's most carbon-heavy sectors in line with the Paris Agreement goals

ING to align £450bn investment portfolio with Paris Agreement goals

ING has revealed that it will work with the companies covered by its £456m ($600bn) green investment portfolio to help align their respective sustainability strategies with the aims of the Paris Agreement.

Bacardi, Molson Coors, L'Oreal and Kraft Heinz are among the 480 corporations aiming for science-based targets

Science-based targets driving corporate climate commitments to new heights

More than 130 corporates have committed to set science-based emissions reduction targets in line with the 2C trajectory outlined in the Paris Agreement this year, covering one-eighth of total market capitalisation.

The report states that the commitments are

Emissions commitments from business and authorities 'insufficient’ to meet Paris goals

Even if the 2,175 companies and 8,419 cities, states and regions to have made emission-cutting commitments achieve their pledges in full, the result will not be sufficient to realise a 2C trajectory in line with the Paris Agreement.

The current carbon price in the EU is €18.28 - up more than threefold since May 2017

Report: EU carbon prices could hit €40 over next five years

European Union (EU) carbon prices could more than double to €40 per tonne between 2019 and 2023, spurring the transition away from coal power across the bloc.

Ball Corporation will work with suppliers and move to purchase more renewable power to achieve the targets

Ball Corporation commits to science-based targets tackling supply chain emissions

Global packaging firm Ball Corporation has set new science-based targets within the company's direct operations and across its supply chain to reduce its emissions intensity by 58% by 2030.

edie has listed four key areas of focus to help “move the date”

Earth Overshoot Day: How businesses can 'move the date' to create a sustainable future

Today (1 August) marks Earth Overshoot Day, the date when humanity consumes more from nature than the planet can renew in a year. The urgent need to "move to the date" back is clear and edie explains how businesses can help by reinvigorating approaches to corporate sustainability.

The likes of Green Party's Caroline Lucas, Lib Dem leader Vince Cable, Ed Davey and the Environmental Audit Committee’s chair Mary Creagh have backed the letter

More than 100 MPs back calls for net-zero emissions target

More than 100 MPs have now signed a letter calling on Prime Minister Theresa May to establish a net-zero emissions target for 2050.

Aldi’s sustainability report updates progress towards a goal of reducing greenhouse gas emissions generated per m2 of sales floor by 30%

Aldi exploring emissions reduction goal aligned to Paris Agreement

The UK's fastest growing supermarket Aldi will align its future sustainability strategy "well below" the 2C target set by the Paris Agreement, the company's international managing director of corporate responsibility, Sven van den Boomen, has claimed.

The EU and China have emerged as leaders of the COP21 agreement Image: UNclimatechange

China, EU reaffirm Paris climate commitment, vow more cooperation

China and the European Union on Monday reaffirmed their commitment to the Paris climate change pact and called other signatories to do the same, saying action against rising global temperatures had become more important than ever.

Molson Coors is part of more than 400 corporations aiming for science-based targets

Molson Coors gets stamp of approval for science-based target

Multinational brewer Molson Coors has had its target of halving greenhouse gas (GHG) emissions from its operations by 2025 approved by the Science Based Targets Initiative (SBTi).

The Irish fossil fuel divestment bill was passed in the lower house of parliament on Thursday

Ireland becomes world's first country to divest from fossil fuels

The Republic of Ireland will become the world's first country to sell off its investments in fossil fuel companies, after a bill was passed with all-party support in the lower house of parliament.

The group of ten European mayors are part of a wider coalition of 9,000 cities worldwide, which have committed to reduce their greenhouse gas emissions by 40% by 2030

Mayors urge EU to aim for net-zero emissions by 2050

The mayors of ten major European cities -including Paris, London, Milan and Barcelona - have issued a joint call for the EU to achieve net-zero carbon emissions by 2050, in line with the Paris Agreement.

The document has been issued in the build up to the UN Climate Summit set to take place in September 2019 in New York to review the Paris Agreement commitments

UK among nations to pledge stronger climate ambition

The UK has joined 22 other countries in signing a pledge to explore the potential to step up their climate commitments before 2020 and calling for other nations to do the same.

CAN Europe said no single EU country is performing sufficiently well in both ambition and progress towards reducing carbon emissions

EU countries 'off target' on carbon emissions: report

Most European nations are set to miss their carbon reduction pledges made as part of the Paris Agreement, according to a new ranking of "good", "bad" and "ugly" countries published today (18 June) by Europe's leading NGO coalition on climate change.

The SBTi's overall aim is that, by 2020, science-based targets will become standard business practice

Ikea gets stamp of approval for 80% science-based emissions target

The Ikea Group has had its target of reducing greenhouse gas (GHG) emissions from its stores and operations by 80% by 2030 approved by the Science-Based Targets Initiative (SBTi).

“Together we believe that the full implementation of the Paris Agreement means much deeper emission cuts than currently planned,”

Businesses, NGOs make joint plea for higher EU ambition on climate change

A unique coalition of businesses and investors representing over €21 trillion in assets have joined forces with local authorities and civil society groups to urge EU leaders to accelerate the transition to a zero-carbon economy in order to keep global warming below 2°C.

The summit has failed to produce a climate agreement with President Trump for the second year running

Paris Agreement ‘G6’ formed as Trump skips climate meetings

As the G7 summit in Canada came to a close, leaders of the so-called "G6" nations reaffirmed their commitment to the Paris Agreement, while President Trump asserted that the US would instead prioritise energy security and economic growth over carbon reductions.

Ikea’s climate positive ambition aims to fulfil the retailer’s contribution to the Paris Agreement through an emissions reduction across the value chain that is aligned to climate science

Ikea to ban single-use plastics, targets 'climate-positive' status under new strategy

Removing all single-use plastics products from its range globally, eliminating more greenhouse gas emissions than its value chain emits, and generating more renewables than it consumes are all headline goals of Ikea's updated People and Planet Positive strategy.

Firms are encouraged to promote the aims across the supply chain by incentivising energy demand reductions and the uptake of renewable energy solutions

World Green Building Council calls for net-zero building sector by 2030

The World Green Building Council (WorldGBC) has called on the built environment sector to set ambitious targets that eliminate carbon emissions for building portfolios by 2030, in order to meet the targets of the Paris Agreement.

The report highlights that Europe is primed to embrace a new circular economy, with EU industrial emissions potentially reduced by 56% by 2050

Report: Circular economy a 'powerful force' to meeting Paris Agreement goals

Circular business models and greater material efficiency of products in the transport and built environment sectors could reduce emissions by 3.6 billion tonnes annually - putting the globe on course to meet the targets of the Paris Agreement.

The findings suggest that a rapid decline in fossil fuel demand is no longer dependent on stronger policies

'Carbon bubble' could spark global financial crisis, study warns

Plunging prices for renewable energy and rapidly increasing investment in low-carbon technologies could leave fossil fuel companies with trillions in stranded assets and spark a global financial crisis, a new study has found.

G7 governments provided at least $80.62bn in fiscal support and $19.54bn in public finance for fossil fuels in 2015 and 2016

G7 countries pour $100bn a year into oil, gas and coal: study

Each year, at least $100bn goes to support the production and consumption of oil, gas and coal, according to a major new study published on Monday (4 June). That is despite a promise from all G7 and G20 members to stop subsidising fossil fuels by 2025.

Cheshire claimed that sustainability issues would be dealt with as nationally and globally “important” post-Brexit

Does Brexit offer the chance for UK to push climate action to new heights?

Despite mounting fears over the potential threats Brexit poses to the UK's green economy, industry leaders have claimed that leaving the EU could provide the nation with opportunities to innovate in order to remain a global leader in the sustainability sphere.

IRENA has previously predicted that renewables will be cost competitive with fossil fuels by 2020

Why now is the time for corporates to set long-term targets for renewables

A new report from the International Renewable Energy Agency (IRENA) found that corporates have actively sourced renewable energy equivalent to the overall demand of France, but renewables demand could soar if companies turned voluntary agreements into active goals.

UK insurers Aviva and Legal & General claimed second and fourth place respectively

UK insurers lead the ranks for climate action

UK insurance companies Aviva and Legal & General have taken two of the top four spots in a ranking of global insurers on their climate strategies, but globally the sector is struggling to set climate targets in line with the Paris Agreement.

The chain’s 2030 strategy also includes pledges to halve waste and water consumption levels

Hilton to halve environmental impact, starting with plastic straw ban

Global hospitality firm Hilton has unveiled a number of new sustainability ambitions that has seen it become the first in its sector to set an approved science-based target, alongside goals to halve water use and waste and remove plastic straws from its estate by the end of the year.

Lewis said that scaling up seasonal storage was “the last piece of the jigsaw”

Energy storage revolution within 10 years is essential, says E.ON boss

EXCLUSIVE: E.ON chief executive Michael Lewis has claimed that an energy storage revolution must happen within a decade if the world is to meet the Paris Agreement goals.

The LDC group voiced frustrations over having to adapt to a changing climate, all while striving to lift their people out of poverty

Developing nations call for 'urgent' action to develop Paris Agreement rulebook

A network of some of the least developed countries in the world has called on developed economies to turn "concepts into action" by accelerating the implementation of a 'rule book' for the Paris Agreement through increased climate finance.

So far, 16 insurers have divested an estimated €22bn from coal companies

Allianz pledges to stop insuring coal plants as pressure mounts on insurance industry

Financial services firm Allianz has set a target to eliminate its insurance coverage for coal, amid heightened pressure on the industry to end its support for the fossil fuel.

Poland, this year’s host of the COP climate conference, continues to rely heavily on coal and is alone in the EU planning expansion

Most countries failing on Paris Agreement pledges, report warns

Many governments are not on course to meet their Paris Agreement commitments, according to a damning new report which shows a host of countries across the globe are not yet willing or able to phase out coal.

Jean-Claude Juncker, President of the European Commission, presents the EU’s post-2020 long-term budget proposals [© European Union, 2018 / Source: EC - Audiovisual Service]

EU proposes 25% 'climate quota' in new long-term budget

The clean energy transition and other initiatives to decarbonise Europe's economy will represent 25% of EU spending under a seven-year EU budget plan put forward by the European Commission on Wednesday (2 May).

In addition, governments announced the establishment of a Commonwealth Blue Charter led by the UK and Vanuatu, image: Michael Garnett/Flickr

Commonwealth to 'pursue' 1.5C Paris goal

The 53 member states of the Commonwealth have agreed to renew commitments to the Paris Agreement that would "pursue" efforts to limit temperature increase to 1.5 degrees Celsius above pre-industrial levels.

Developed with assistance from the Carbon Trust, the emissions targets are aligned to the goals of the Paris Agreement

Whitbread sets science-based target to halve emissions intensity

The UK's largest hospitality company Whitbread, has pledged to halve emissions in the next seven years as part of an "industry-leading" science-based target.

Under the global Paris agreement, countries have committed to curbing temperature rises to “well below” 2C above pre-industrial levels and to pursue efforts to keep them to 1.5C

UK to review climate target raising hopes of a zero emissions pledge

The UK is to review its long-term target to cut climate emissions as part of global efforts to curb rising temperatures, the government has announced.

More than 370 businesses have joined the Science Based Targets initiative since its launch in 2015

More than 100 corporates have science-based targets approved

L'Oréal and Electrolux are among the latest businesses to have their emission reduction goals approved by the Science Based Targets initiative (SBTi).

London Stock Exchange Group sustainability manager Sara Lovisolo says the technical work behind the opportunities offered by climate action is weaker than measuring mitigation

Climate change mitigation should be viewed as business opportunity, says London Stock Exchange

Businesses and investors should focus more on measuring and reporting the positive impacts of sustainability efforts rather than purely analysing the risks posed by climate change, according to the sustainability manager of the London Stock Exchange Group.

The report says that while the UK has maintained a consensus on the need for action on climate change, buy-in across government departments is “too uneven”

Report: zero emissions target needed to push UK beyond Paris Agreement

The government should publish a target by 2020 for achieving "net zero" emissions, according to a new report.

According to a report by the European Parliament, the shipping industry could contribute up to 17% of global CO2 emissions by 2050 if left unregulated

International Maritime Organisation 'too slow' on emissions strategy

The International Maritime Organisation has moved too slowly on drafting its greenhouse gas strategy and reducing emissions from shipping, Transparency International has warned, urging the global shipping regulator to improve its governance, transparency and efficiency.

NatWest purchases 100% of its energy from renewable sources

NatWest delivers £3.5bn low-carbon lending in three years

Banking giant NatWest has pledged to deliver of £10bn lending to UK renewable energy and energy efficiency projects by 2020, having provided £3.5bn over the past three years.

The company had already announced that by 2025, 100% of its guest packaging will come from recycled, renewable or certified sources

McDonald's to reduce emissions by a third under approved science-based targets

McDonald's has become the first global restaurant company to have an emissions reduction target approved by the Science-Based Target Initiative (SBTI), as the fast food giant outlines plans to reduce carbon emissions by 150 million tonnes.

Private investors will be exposed to 88% of the spending on unnecessary fossil fuel projects under this prediction

Climate policies place $1.6trn fossil fuel costs at risk, report warns

Fossil fuel companies are exposed to $1.6trn in potential expenditure by basing business decisions on existing policies rather than international climate goals, while businesses committed to sourcing 100% renewable electricity will require $94bn to reach their goals.

Water bills on the archipelago have surged recently due to more frequent droughts and storms, while warming waters have brought seasonal jellyfish plagues and degraded marine ecosystems

Balearics launch pioneering plan to phase out emissions

The Balearic islands' government has launched a pioneering plan to phase out greenhouse gas emissions by 2050, potentially setting itself on a collision course with the Spanish government.

Last year, Ørsted completely divested its upstream oil and gas business, as part of the pledge to phase-out coal from its heat and power generation by 2023

Ørsted chief calls for 'high pace' climate and SDG action

Danish energy giant Ørsted's chief executive has highlighted the severe threats of climate change and the unique opportunities of the Sustainable Development Goals (SDGs) in the company's latest sustainability report, which outlined the company's transition away from fossil fuels.

There is a strong uptake for corporate power purchase agreements (PPAs) in the US but growth in Europe has been far slower, according to a new report. [Walmart / Flickr]

Businesses accelerate progress towards 100% renewables

Renewables are becoming the energy source of choice for corporate electricity users, according to a new report by The Climate Group published in Davos on Tuesday (23 January), which shows a growing number of multinationals lining up to meet 100% of their power needs from green power.

The power purchase agreement means that Nike is now more than half way to its commitment of sourcing 100% renewable energy across owned and operated facilities worldwide

Nike goes 100% renewable across North America

Sportswear giant Nike is now more than half way towards its pledge to source 100% renewable energy globally, after signing a power purchase agreement with a Texan windfarm that will make the company's entire North American operations completely powered by renewables.

Rising populations and increased wealth in non-OECD nations will drive energy demand, which will offset emission reductions

Report: Global emissions to plateau in 2030, but Paris goals out of reach

New insight from business advisors McKinsey Energy Insights has suggested that "major shifts" in the energy landscape driven by renewables and electric vehicles (EVs) will see global emissions plateau in 2030, but progress is nowhere near close to the 2 degrees Paris Agreement target.

Commercial banks are also igniting signals that funding for fossil fuels with soon be a thing of the past

World Bank, major businesses and nations unite against coal funding

The One Planet Summit in Paris has signalled the beginning of the end for the coal industry, after the World Bank, numerous financial institutions and a group of nations and major businesses all pledged to phase out fossil fuel funding and use.

The One Planet Summit is being hosted at La Seine Musicale in Paris

EU announces €9bn in funding for climate action

The European commission has announced funding of €9bn (£8bn) for action on climate change, one of a flurry of measures from governments, businesses and investors aimed at achieving the goals of the 2015 Paris agreement.

The white paper suggests that companies implement an internal “shadow price” – similar to an internal price on carbon - to account for future costs of meat

Meat tax 'increasingly probable' to help combat climate change

Investors have claimed that the implementation of the Paris Agreement will lead to some governments introducing a "livestock levy" that cuts meat consumption from diets, in a move than could avoid up to $600bn in climate damages by 2050.

Companies can be removed from the list if they have made significant improvements

Climate Action 100+: New investor initiative targets top 100 corporate emitters

More than 200 of the most influential investor institutions, with more than $26.3trn in assets under management, have today (12 December) launched a new global initiative to help the 100 largest corporate emitters reduce value chain carbon footprints.

The statement calls on G20 nations to lead the transformation by “initiating and implementing” and “global paradigm shift” on an energy transition

Global companies call on nations to push for 'well-below' 2C Paris target

More than 50 global companies including Unilever, M&S and Adidas have called on nations meeting in Paris to discuss climate progress, to phase-out fossil fuel subsidies by 2025 and create the framework to limit global warming increases to well below 2C.