Most corporations support net-zero, but only one-third plan to address all of their indirect emissions
A major new analysis of the global net-zero movement has found that the share of revenues from listed firms with targets of some kind has increased almost four-fold within a year. Nonetheless, there is much to be done on making these targets credible.
Glasgow Climate Pact: The 7 key talking points from the new global deal at COP26
As the dust settles on COP26 in Glasgow, people are still getting to grips with the new Glasgow Climate Pact and what that means for the global climate movement. Here, edie outlines seven key talking points (not all of them bad) from this historic new announcement.
COP26 week 1 analysis: Is the world any closer to 1.5C?
The first week of negotiations in Glasgow has led to some head-spinning announcements, the formulation of crucial climate coalitions and some massive restructures to the economy. One question still needs answering though: is COP26 'keeping 1.5C alive'?
CDP: Less than 1% of funds worth $27trn are aligned to the Paris Agreement
Less than 1% of investment funds worth $27trn are currently aligned with the Paris Agreement's target to keep global temperature increases "well below" 2C, according to new analysis from CDP.
Virgin Atlantic unveils new carbon targets to help reach net-zero by 2050
Virgin Atlantic has today (11 October) confirmed new carbon targets that will push the company towards a goal of reaching net-zero emissions by 2050.
Scientists call for revamped and increased carbon pricing
A group of climate scientists has called for a complete revamp of carbon pricing mechanisms in the build-up to COP26 to ensure that they actively reflect the scale of action required to respond to the climate crisis and enable businesses to deliver deep emissions cuts.
Business giants call on G20 to strengthen climate commitments
Some of the world's largest businesses, including Unilever, Netflix and Volvo, have written to the G20 calling on nations to strengthen climate targets and deliver on climate finance commitments in the build-up to COP26.
UN: Climate commitments must redouble to meet Paris Agreement
Nations must redouble planned climate targets if the world is to meet the minimal threshold of the Paris Agreement, according to a new UN report warning that while emissions are being reduced, the pace of progress is falling behind required rates.
COP26 Action Tracker: Nations urged to respond to IPCC report as Cambo oilfield row rolls on
With less than 100 days to go until COP26, this new series from edie will provide a regular temperature check of global climate action from nations and businesses.
'Sobering reading': Boris Johnson reacts to new IPCC report
Prime Minister Boris Johnson has responded to a major new report from thousands of the world's leading climate scientists, calling for all world leaders to treat the findings as a "wake-up call" in the run-up to COP26.
5 key corporate net-zero considerations based on the latest IPCC report
The Intergovernmental Panel on Climate Change (IPCC) has issued a report warning that irreversible and unprecedented changes to the planet are being caused by the climate crisis. Here, edie summarises how businesses should respond to the warnings in the new landmark report.
IPCC report: Global temperature increase likely to pass 1.5C sooner than thought
The window in which to deliver the "deep emissions cuts" needed to prevent the worst impacts of the climate crisis is closing rapidly, thousands of scientists are warning, meaning that our best chance of delivering the Paris Agreement is to reach "at least net-zero" by 2050.
Nations and businesses 'hiding behind net-zero smokescreen', Oxfam warns
Governments and corporates are relying too much on 'unproven and unrealistic' carbon removal and offsetting schemes in order to reach net-zero targets, with a new report from Oxfam warning that a land area five times the size of India would be required to create new forests for these measures.
Report: Built environment failing to account for lifecycle emissions of projects
Businesses operating in the built environment sector have been called upon to adopt a whole lifecycle approach to assessing greenhouse gas (GHG) emissions, with a new report finding that less than 1% of global building projects currently calculate and report on lifecycle emissions.
Global beef sector sets out biodiversity and climate commitments
A coalition of global beef producers, including JBS, Rabobank and Cargill, have collectively agreed to reduce the sector's contribution to climate change by 30% by 2030, as part of a new sustainability roadmap that also aims to improve biodiversity and animal welfare.
Climate Crisis Advisory Group: New body launches, modelled after British scientists' Covid-19 initiative
A global group of climate scientists and thought leaders in the field have launched a new independent group, tasked with advising and criticising national governments on their policy response to the climate emergency.
'Narrow focus' leaving world off-track on climate crisis and nature loss, major UN report warns
Governments are largely failing to respond to the interconnected nature of global heating and the impending sixth mass extinction, not only leaving the world off-track to meet key goals but making the transition to a sustainable future more expensive and less efficient.
Iceland boss Richard Walker: Collective business activism required to hold politicians to account
EXCLUSIVE: Iceland Foods' boss Richard Walker believes that 'collective business activism' is essential in driving policymakers to align with the sustainability movement, following a recent letter sent by food retailers to the Brazilian Government urging them to reconsider a new land bill that could increase deforestation.
Report: Nations falling short on collective efforts to meet Paris Agreement
Nations are adopting stronger climate targets in the build-up to COP26, but new research has revealed that current policies would still lead to global warming twice what it should be if the world is to meet the aims of the Paris Agreement.
HSBC to vote on phase-out of fossil fuel funding
HSBC will propose a new commitment to completely phase-out financing of coal-fired power and thermal coal mines by 2040 globally, following negotiations with a group of investors with $2.4tn in assets under management.
UN: Global climate pledges will only reduce emissions by 1% this decade
The world is falling "far short" of alignment with the Paris Agreement, despite the fact that many nations have updated their climate targets.
Uniper targets carbon neutrality by 2050, outlines coal-free vision
German multinational energy giant Uniper has pledged to achieve carbon neutrality across its global business by 2050, outlining new goals around coal phase-outs and green hydrogen.
Net-Zero offers optimism amidst a crisis
There won't be many that look back on 2020 fondly, but the energy and ambitions from corporates and nations to reach net-zero emissions and alleviate the climate crisis can provide sustainability professionals with some much needed optimism during the despondency of the Covid-19 pandemic.
Global investors kickstart 1.5C decarbonisation process for portfolios
Some of the world's largest investors accounting for $5trn in assets under management have agreed to set time-bound decarbonisation targets that will see the organisations work with companies in their portfolios to align to climate action.
5 sustainability communications lessons from David Attenborough's Extinction: The Facts
David Attenborough's latest BBC documentary has been called both "heartwarming" and "gut-wrenching" since it aired on Sunday evening (13 September). But beyond the striking facts and shocking images, it provides viewers with several lessons on how to get environmental communications right, edie's senior reporter Sarah George explains.
Facebook launches climate science information centre, targets net-zero value chain by 2030
Facebook has launched a dedicated digital space where users can access “factual and up-to-date” information on climate science, modelling the tool after its Covid-19 information centre.
SBTi kickstarts process on global standard for science-based corporate net-zero targets
The Science Based Targets initiative (SBTi) has issued its first guidance on what will ultimately lead to the development of a new global standard to ensure that corporate net-zero carbon targets are aligned with climate science.
Climate change and agriculture driving record levels of deforestation, WWF report finds
Climate change and agriculture are fueling record levels of deforestation in the Brazilian Amazon, with fires in the area 33% higher over that last 12 months than the previous year.
Apple targets net-zero emissions across operations, value chain and products
Apple has announced major plans to become net-zero emissions across its business, supply chains and products by 2030, pledging to reduce emissions by 75% and develop carbon removal solutions for the remaining 25%.
Coronavirus: Is this the beginning of the end for the 'self-sabotaging' meat sector?
The coronavirus could end up being the "straw that breaks the meat industry's back" with a new report warning that almost three-quarters of the world's largest meat, fish and dairy companies are at high risk from an array of criteria that could spark future pandemics.
Business giants call for science-based green economic recovery
More than 150 business giants, including Carlsberg, H&M and Pernod Ricard, with a combined market capitalisation of more than $2.4trn, have signed a joint statement calling on all governments to align coronavirus economic responses to climate science.
Oil and gas giants overstating net-zero ambitions, study finds
Recent announcements from European oil and gas majors such as Total, Shell and BP to commit to net-zero aren't actually aligned to the required, science-based cuts to emissions to reach net-zero or the 1.5C target of the Paris Agreement, new research has found.
NGOs call on investors to respond to coronavirus pandemic through net-zero transition packages
A collection of NGOs have written to some of the world's largest insurers, calling on them to address economic responses to the coronavirus outbreak in ways that are aligned with the urgent need to combat the climate crisis and steer the global economy towards a net-zero future.
Planetary Computer: Microsoft launches data-driven platform to accelerate global biodiversity efforts
Microsoft has announced the creation of a "Planetary Computer" that will give charities, business and policymakers access to scientific data on how land use, reforestation and other wildlife initiatives can improve biodiversity conservation and climate change mitigation, as the company pledges to protect more land than it uses by 2025.
Prioritise Small-scale technology to deliver affordable net-zero transition, researchers claim
A new study has warned of focusing on "politically seductive" large-scale solutions such as nuclear and carbon capture and storage (CCS), noting that more granular solutions like energy storage, solar and heat pumps can be mass deployed at an affordable cost to enable a quicker net-zero transition.
COP26 climate summit postponed due to coronavirus
The crucial summit to negotiate for higher ambitions on climate change scheduled for November in Glasgow has been postponed, with new dates for the meeting to be decided in the coming months. However, there are some positives to the delay.
Ricoh sets 1.5C science-based target as part of zero-emissions ambition
Japanese electronics firm Ricoh has confirmed that it has had a new target to reduce emissions by 63% by 2030 approved by Science Based Targets Initiative (SBTi) as aligned to the 1.5C ambition of the Paris Agreement.
Coronavirus: Now is not the time for environmental grandstanding
The Covid-19 pandemic should urge us to couple environmental and social sustainability, not pit them against each other, edie's senior reporter Sarah George argues.
Chanel sets 1.5C science-based targets, pledges 100% renewable energy
Luxury fashion and fragrance giant Chanel has committed to halve its carbon emissions by 2030, under a new 1.5C-aligned set of sustainability targets.
Fashion industry must cut resource use by 75%, experts warn
A group of academics, businesses and thought leaders have penned a plan to help fashion firms align with planetary boundaries and address the climate and nature emergencies, headlined by a call to dramatically cut virgin resource use.
Are businesses ignoring climate resilience on the net-zero journey?
From the flooding caused by Storm Dennis in the UK to the wildfires that have plagued Australia, the damage caused by climate change is becoming more tangible and frightfully frequent. But is the business response of pledging to deliver net-zero emissions enough?
Report: 49% of world's GDP covered by net-zero targets
Just under half of the world's annual GDP is now covered by nations, regions and cities that are legislating for a net-zero emissions target, a new study has revealed.
Alok Sharma: What we know about the COP26 President's views on climate change
In an unexpected announcement, Business Secretary Andrea Leadsom has been replaced by International Development Secretary Alok Sharma, who has also been named as COP26 President. Here, edie examines Sharma's track record on climate legislation to date.
Michael Gove urges 'most transparent ever COP' for Glasgow
Former Environment Secretary Michael Gove has laid out his big asks for COP26 preparations and denied rumours that he will replace former Energy Minister Claire O'Neill as the event's president during this week's cabinet reshuffle.
Claire O'Neill removed from COP president position
Former UK energy minister Claire O'Neill will be replaced as the president for the upcoming COP26 climate conference in Glasgow this year, as Prime Minister Boris Johnson prepares to launch a new dedicated strategy for the conference.
Greenwashing 2.0? Defining what it means to be a 'net-zero' business
Net-zero emissions has been scientifically heralded as a necessity to reverse the worst impacts of climate change. But a flurry of recent business commitments to become 'carbon-negative' and 'resource-positive' raises a critical question: does achieving 'net-zero' actually constitute business leadership?
Church of England and Generali join UN's Net-Zero Asset Owner Alliance
The Church of England and insurance firm Generali are the latest organisation to sign up to the UN's Net-Zero Asset Owner Alliance, a coalition with more than $4.3trn in assets under management attempting to engage with corporates to reach net-zero emissions.
World Economic Forum calls on business chiefs to set net-zero targets
All business leaders and companies attending the World Economic Forum in Davos this week have been asked to make public commitments to achieving net-zero emissions by 2050 or earlier.
A decade in review: Vote for the defining sustainability moment of the 2010s
As the 2010s draw to a close, edie has analysed the key moments and announcements that push sustainability and climate action from a niche activity to a global necessity. Cast your vote to decide which of the seven moments was most profound.
'A far cry from what science tells us is needed': COP25 reaches 'disappointing' conclusion
Green campaign groups, UN officials and business representatives have expressed disappointment after two weeks of negotiations at COP25 came to a close today (15 December), almost two days behind schedule.
Renewables: The policy vision for a net-zero future
The General Election is a huge opportunity for a new government to make a transformative difference to climate change through investment in renewables, Juliet Davenport, chief executive and founder of Good Energy suggests.
Almost half of global GDP covered by net-zero targets and commitments
Around 40% of the world's annual GDP now derives from nations and regions that are discussing or have set legislative net-zero emissions targets, to be achieved by 2050 at the latest.
Greta passes the mic and 1.5C targets surge: What happened during the first week of COP25?
COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the first week of the event.
Greta's arrival and carbon offsetting clashes: What happened on days 2 & 3 of COP25?
COP25 - the UN's annual two-week-long climate summit - is now well underway in Madrid. Here, edie rounds up all the key news and views from the second and third days of the event.
Carbon pricing and 'the climate point of no return': What's happened at COP25 so far?
Monday (2 December) marked the start of COP25 - the UN's annual two-week-long climate summit - in Madrid. Here, edie rounds up all the key news and views from the first day of the event.
Report: annual 10% decarbonisation rate needed to meet UK's net-zero target
The UK will have to deliver annual carbon intensity reductions of 10% to meet its net-zero legislation for 2050, up from less than 4% currently, according to a new study from professional services firm PwC.
COP25: Madrid confirmed as new hosts of climate summit
UPDATED: The UN has confirmed that Madrid will host the COP25 climate summit, after Chile cancelled their option to host the event in early December following weeks of violent protests based on civil unrest.
Scary sustainability stories to tell in the dark (or at the end of the world)
Forget remakes of The Grudge, the only horror stories you need this Halloween are right outside your window. If the world is dying, we're all playing the role of murderer, but its not too late to create an army of saviours.
Igniting a decade of business transformation: Sustainability Leaders Forum 2020 line-up revealed
Experts, disruptors and innovators from companies including Unilever, LEGO and Firmenich have been confirmed for the star-studded line up of edie's Sustainability Leaders Forum - the UK's only dedicated sustainability event that combines strategic insight with practical outputs for business.
One year on: How the IPCC report has redefined sustainable business leadership
One year ago today (8 October), the Intergovernmental Panel on Climate Change (IPCC) published what it described as its "landmark" report on global heating. While the pressure the paper's findings would place on governments was obvious from day one, the study's impact on business has been continually evolving - as explored by edie reporter Sarah George.
Fairytales, Thunberg and why business as usual is very worried about climate activism
Greta Thunberg's provoking speech on the pursuit of an economic "fairytale" at the expense of the planet has sparked inspiration, admiration and irritation across the globe. But the fact that she has so many detractors means that change is coming.
Banks representing one-third of global market to align with Paris climate targets
A coalition of 130 banks, representing one-third of the worldwide banking sector, have committed to aligning their actions with the aims of the Paris Agreement.
Net-zero cities can unlock $24tn opportunity, report finds
Investment into readily available technologies could reduce emissions from cities by 90% by 2050, while creating a global economic benefit worth almost $24trn (£19trn), a new report has claimed.
Global decarbonisation efforts 'stall', pushing climate goals out of reach
Global decarbonisation efforts will need to be seven times greater than current efforts, if the world is to stand a fair chance of limiting global warming to 1.5C, according to a new PwC report which found that the rate of global decarbonisation has slowed to its lowest level since 2011.
Ben & Jerry's, Patagonia, Lush and Seventh Generation to take part in global climate strikes
Major US firms Ben & Jerry's, Patagonia, Lush Cosmetics and personal care firm Seventh Generation have agreed to close stores on 20 September to join the worldwide day of climate strikes.
'Adaptation alone will not be enough': Climate change to shrink global GDP by 7% by 2100
A "business-as-usual" approach to climate mitigation and carbon emissions will see 7% of global GDP disappear by 2100, with the UK down's economy down 4%, according to a new report predicting that all nations will be hit by climate change impacts.
UK supermarkets accused of over-producing low-quality meat
Anti-hunger charity Feedback is calling for big-name UK supermarkets such as Iceland, Lidl and Asda to offer "less and better" meat, in order to minimise their climate impacts.
IPCC: Shift in land use crucial to avert climate emergency
The systemic ways in which global businesses are using land is a "major contributor" to climate change and must be radically transformed if the aims of the Paris Agreement to be met.
Swedish lessons: Can data management enable the UK to deliver a net-zero economy?
The UK's net-zero climate target has been widely welcomed, but is currently lacking some actual points of delivery. Fortunately, Sweden's own net-zero target can teach politicians some interesting lessons, including how big data and digitisation can mobilise action plans.
How Burberry joined the business elite in setting a 1.5C science-based target
EXCLUSIVE: As Burberry became the latest corporate to set a science-based target aligned to the Paris Agreement's most ambitious pathway, the company's vice president of corporate responsibility outlined how the goal was set, and what happens next.
edie's Plastics Thinkathon: Six moonshot business ideas that could eliminate single-use plastics
With businesses continuing to make plastic-reduction commitments in the face of ever-growing stakeholder pressure, edie recently hosted a 'Plastics Thinkathon' to spur collaborative action on achieving a single-use plastic-free future, today. Here, we round up the potentially transformational results.
IPCC chair: Global transition to net-zero 'not a burden' to the economy
The chair of the Intergovernmental Panel on Climate Change (IPCC), Dr Hoesung Lee, has dismissed fears from investors and nations that reaching net-zero emissions will place too much strain on the global economy.
UN climate talks end amid major questioning of landmark 1.5C IPCC report
Climate negotiations ended in Bonn, Germany, Thursday (27 June), with Saudi Arabia questioning the scientific value of the UN's 1.5 °C global warming report. No agreement has been reached on the carbon mechanisms enshrined in Article 6 of the Paris Agreement.
SDG 7: How business is acting as a market shift for renewable energy
Despite the devastating evidence of the IPCC report last year on the impact of 1.5°C of global warming, the findings have not sparked a downward trend in global carbon emissions. The news just hasn't been met with appropriate levels of urgency and immediate action from national governments.
Low-carbon transition puts $10trn at risk for inactive investors
A global coalition of financial investors has warned that more than $10trn (£7.7trn) in portfolio assets could be lost if the sector and governments fail to rapidly transition to a low-carbon economy.
Can TCFD recommendations communicate a business response to the 'climate emergency'?
Against a backdrop of Extinction Rebellion protests and declarations of a "climate emergency", businesses will need to articulate their role in combatting climate change. Could the Task Force on Climate-related Financial Disclosures' (TCFD) recommendations create the ideal framework to do so?
What is a 'climate emergency'?
The UK has declared a climate emergency for the national government in Westminster and devolved administrations of Scotland and Wales. But what does it mean?
Net-zero emissions by 2050: CCC publishes long-awaited recommendations for UK Government
The UK must "set and vigorously pursue" a bold new climate change target to reduce greenhouse gas emissions to 'net-zero' levels by 2050 – replacing the current target of an 80% reduction against 1990 levels – according to a major new report from the Committee on Climate Change (CCC).
UK Parliament becomes first in the world to pass motion declaring a 'climate emergency'
In a hugely symbolic move, the House of Commons had declared a climate emergency, admitting the need for a cross-party approach that would enable the UK to set a world-leading standard on climate action.
Miliband, Lucas and Sandys launch cross-party coalition championing Green New Deal
Former Labour party leader Ed Miliband, the Green Party's Caroline Lucas and former Conservative MP Laura Sandys have today (30 April) launched a cross-party Environmental Justice Commission aimed at ushering in a UK Green New Deal.
Net-zero emissions and a Green New Deal for the UK: Key business questions, answered
The Committee on Climate Change (CCC) is providing its highly anticipated advice on setting a net-zero emissions target to the Government during a time where calls for a Green New Deal continue to grow. Here, edie explores how the UK can set a new standard for climate change policy.
'You did not act in time': Greta Thunberg's full speech to MPs
Read the full text of the speech Greta Thunberg gave to MPs at the Houses of Parliament, originally hosted by the Guardian.
Business can’t wait for government intervention to tackle climate change
Extinction Rebellion are staging a 2-week global protest. Their aim? To disrupt major cities and call attention to the ongoing destruction of nature in an unfair society. They are arguing that only by overthrowing capitalism will we achieve a regenerative, zero-carbon economy.
Extinction Rebellion: Role of business in society is being defined by climate change
As thousands of climate protestors continue to blockade key London landmarks as part of the Extinction Rebellion protests, businesses have been warned that action or inaction to combat climate change will define their role in future societies.
The Nature Conservancy launches £30m Blue Bonds scheme for marine protection
International environmental non-profit, The Nature Conservancy (TNC), has set a new ambition to unlock up to $1.6bn in the restoration and conservation of marine environments, through a $40m (£30m) "Blue Bonds for Ocean Conservation".
Local and regional governments have the answer for the climate change conundrum
How do we meet the goals of the Paris Agreement on climate change? That is the burning question on the minds of countless individuals, and the answers may well reside in our local and regional governments.
UK emissions linked to annual Arctic ice loss larger than four cities
WWF has measured the impact of the UK's carbon emissions on ice loss in the Arctic for the first time, concluding that the nation's 2018 emissions caused the loss of more than 1000km2 of Arctic sea ice.
Shell taken to court over climate impacts and alleged human rights 'violations'
Oil and gas giant Shell is facing legal actions over "slow" progress in reducing its emissions, improving its human rights protections and eliminating oil spills, with green campaign group Friends of the Earth's (FoTE) Netherlands arm claiming its current business model is "wrecking the climate".
SDGs In Action: How Thai Union is achieving Goal 14 - Life Below Water
Welcome back to edie's new editorial series which breaks down exactly how businesses are turning the Sustainable Development Goals (SDGs) into action. Up next: seafood-based food producer Thai Union outlines how it is creating healthy oceans by changing seafood for good.
Brexit eclipses climate talks in leaked EU summit draft
EU heads of states are expected to reiterate earlier commitments on climate action when they meet in Brussels later this week, despite growing calls from youths across Europe to step up the fight against global warming, according to a draft EU summit statement seen by EURACTIV.
The new kids on the climate block
If the climate-based protests from school children over the last week are anything to go by, the future of our world is in safe and caring hands. What kind of world we leave them will be dependent on the actions of the next generation of sustainability leaders.
How meeting the Paris Agreement will improve global economic growth
A new report has outlined that meeting the 2C target established as part of the Paris Agreement will improve global GDP and boost investment. Here, edie explores how nations can make this vision a reality.
Calls for review of UK's 2050 climate target rejected by Court of Appeals
An appeal to bring forward the UK's current climate commitments to align with scientific research on the necessity to limit average global warming to 1.5C has been rejected by the Court of Appeals.
Reflections from COP24
It's was an interesting week at what was perhaps the most important UN conference since the Paris 2015 deal.
Nations agree on Paris Agreement rulebook, fail on climate ambition
Three years and three days after the Paris Agreement was adopted, the 197 signatory countries gathered in Katowice, Poland, agreed Saturday (15 December) on a rulebook for its implementation but failed to raise their ambition to keep global warming "well below 2°C".
10 lessons from 10 years of sustainability
After a decade of leading the sustainability agenda at Capgemini, Dr James Robey shares his top 10 lessons learnt.