The Paris Agreement
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.
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.
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 Climate Coach: Transport
It will take you twenty minutes to get there - depending on traffic. Not an unusual statement wherever you live. People design cities and communities and yet often it is people that seem to be least considered as most of the space for movement is taken up by cars, vans and lorries. Pedestrians are pushed to the side and cyclists must brave traffic with a risk for their lives.
Future gazing the role of the sustainability profession
It's a tricky thing, predicting the future. So, before looking forward let us reflect upon on what changes we've seen in the CRS profession over the last 20 years. There's no doubt we are a profession that is growing in maturity, and yet still evolving.
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.
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 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 at 20: Despite the idiocy that is Brexit, we can do it
For edie's 20th anniversary, prominent environmental peer Lord Deben reflects on green policy, Brexit, carbon budgets and flat-earthers.
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.
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.
edie at 20: How did sustainability become so business-critical?
edie's 20th anniversary as a sustainable business media brand is an ideal opportunity to remind ourselves of the past two decades of corporate sustainability, which have seen it evolve from an environmental add-on to a fundamental aspect of growth.
What's the business case for climate science?
Let's be honest, the transition to a low carbon economy is going to require some difficult and far-reaching change from most companies and sectors. But emerging leadership from the corporate world is showing that remodelling business strategies around climate science is already driving innovation, growth and other business benefits.
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.
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.
The Climate Coach: Renewable Energy
I have a dream, of a society where children play safely outside in green, common areas, where there are no cars. People travel to work in electric powered trains, buses and through electric car share. They walk and cycle to school, to the local shop and to meet friends. A dream where renewable energy sources provide all the power we need - for heating, electricity and transport - in businesses as well as in homes.
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).
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.
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.
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.
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.
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).
It's time we embrace the fierce urgency of now
Jonathon Porritt recently provided the foreword to edie's flagship 2018 report for the Mission Possible campaign, which explores how businesses are scaling up effort and innovation across all areas of development to achieve a sustainable future.
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.
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 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.
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.
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.
'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 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.
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.
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 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.
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.
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.
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.
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.
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.
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).
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.
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.
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 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).
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.
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.
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 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.
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.
The path to public-sector sustainability is paved with good intentions
As part of edie's latest sector insight report, the Carbon Trust's managing director for programmes and cities Richard Rugg charts the progress being made across the sector towards a sustainable future.
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.
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.
8 global sustainability trends to watch out for in 2018
Over the past 12 months, challenges around addressing sustainability issues have featured consistently in global headlines. Despite mixed political messages about our transition to a low-carbon future, the private sector has continued to drive sustainability up the business agenda; from Science Based Targets (SBTs) and Sustainable Development Goals (SDGs) to increased investor scrutiny over non-financial reporting.
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.
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.
Introducing the Climate Coaching Blog Series
Climate change is the most pressing and critical challenge humanity has faced in its history. We don't have the time to rely on regulators to pass appropriate climate mitigation and adaption legislation. Climate action from across all industry sectors, whatever the size of organisation is essential, required and indeed increasingly demanded by customers and consumers. To address this, I am writing a sequence of blogs called the Climate Coaching Series, here on edie.net, where I will be exploring climate action and answering the questions of what organisations can do to benefit people, profit and planet.
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.
Sustainability leaders: hurry up!
Still time to book for the Sustainability Leaders Forum.
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.
2017 green policy review: A year of progress and pleasant surprises
What a difference a year makes. Let us briefly cast our minds back to the halcyon days of January 2017 - who would have thought that a widely-ridiculed Jeremy Corbyn would soon become favourite to be the next PM; that a divorced mixed-raced American actress would be about to enter the Royal Family, or that a vastly experienced England cricket team would succumb to a humiliating Ashes defeat Down Under before the Boxing Day test?
New opportunities for climate leadership in 2018
Cities and companies have raised the bar in tackling climate change this year - there are new opportunities for leadership in 2018.
SDGs and materiality: Let’s step it up in 2018
Why Simply Sustainable recommends to its clients that they include SDG mapping in their materiality assessments.
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.
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.
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.
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.
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.
Xerox aiming for verified science-based target for 2018
EXCLUSIVE: Printing services company Xerox intends to have a verified science-based target in place when it launches new sustainability goals in 2018, as part of a commitment to the Paris Agreement that has been years in the making.
Clean Growth Strategy 'flexibilities' could put Paris goals at risk
The aspirations of the Clean Growth Strategy have been praised as a "step in the right direction" by green economy experts, but concerns have been raised that the Government's willingness to rely on banking and borrowing from carbon budgets could put the goals of the Paris Agreement at risk.
The key business takeaways from COP23
So, COP 23 has come and gone, with little attention in the media. Expectations were for a technically focused meeting, working through some of the detail needed to bring the Paris agreement to life. Does this mean that there was little in it of business interest? Far from it, there were some important outcomes that provide real opportunities for business leadership. Here are my key takeaways.
Climate finance, the sticking point in COP23
Rich countries had pledged to raise $100 billion each year in climate finance for developing countries by 2020. As of September 2017, they had pledged just $10.3 billion. And the question of who should pay remains unanswered.
What went on in Bonn: COP23 week two round-up
The second week of climate talks in Bonn came to a conclusion today (17 November), following a raft of new global alliances and climate pledges building momentum for the transition to a low-carbon future.
Microsoft shoots for Paris Agreement with 75% emissions reduction goal
Microsoft has pledged to reduce greenhouse gas emissions by 75% by 2030, in a move that will align the technology company's decarbonisation strategy with the 2C pathway target of the Paris Agreement.
Reports show businesses and regional governments making strong climate progress
As climate talks at Bonn enter the second week, two separate reports have detailed the progress of non-state actors including businesses, states and regions to reduce CO2 emissions in line with the Paris Agreement.
What went on in Bonn: COP23 week one round-up
An action-packed first week of international climate talks in Germany has come to an end, with a plethora of strong declarations and corporate commitments signifying a resolute collective intent to stick the path of the Paris Agreement.
US isolated as Syria signs the Paris Agreement
The US, the world's second largest emitter, is "out in the cold" as the only nation outside of the Paris Agreement on climate change, after Syria became the latest and last signatory to the global accord.
Carbon price among policy wishlist issued by businesses at COP23
Members of the World Business Council for Sustainable Development (WBCSD), including the chief executives of more than 200 international businesses, have called for governments to collaborate with the private sector to set meaningful carbon prices and improve climate resilience.
COP23: What does the Bonn climate summit mean for sustainability professionals?
As delegates from almost every nation arrive in Bonn to discuss the ways to prevent rising global temperatures from reaching catastrophic levels, edie takes a closer look at how developments at the UN climate summit could affect sustainability teams and their efforts to accelerate the shift towards low-carbon, resource-efficient business models.
HSBC pledges $100bn to sustainable finance
As Bloomberg New Energy Finance (BNEF) releases findings showing that energy investment in emerging markets suffered its largest year-on-year decline, HSBC has pledged to provide $100bn in sustainable financing by 2025 - as part of a new batch of climate-related commitments.
How business can help halt the rise in global emissions
There's been a lot of media coverage over the past week about rising levels of CO2 and the likely impacts, despite international efforts to cut greenhouse gases.
High street banks still financing fossil fuel growth
The UK's high street banks are profiting from some of the world's dirtiest fossil fuel projects despite committing to deliver the Paris Agreement goals of limiting global warming to below 2C.
Huge private sector investment puts Paris climate target in reach, says report
At least one trillion dollars are being invested globally in ways to reduce the threat of climate change, including renewable power, energy efficiency, and public transport around the world.
Just 30% of top 250 firms have strong goals to curb emissions, research finds
Researchers have warned that only 30% of the world's top 250 listed companies have set strong goals to curb global warming, despite the group accounting for a third of all carbon emissions.
Put 'cows alongside cars' at COP23, investors urge
With COP23 set to start in Bonn next week, an investor network is calling on developed countries to prioritise the "elephant in the room" at the UN talks, by tackling livestock sector emissions.
UN: World must act now to close 'unacceptable' emissions gap
As figures show that levels of CO2 in the atmosphere increased at record speed last year, a stark UN report has warned that there is an "unacceptable" gap between national pledges and the emissions reductions required to meet the Paris Agreement's climate targets.
G20 falls behind on national decarbonisation pledges
The UK is "strongly outperforming" the rest of G20 in decoupling emissions from economic growth, but businesses and governments have been warned that the goals of the Paris Agreement won't be achieved with current decarbonisation ambitions.
CDP: Science-based targets needed to 'pick up the pace' on corporate action
Emissions targets from large corporates are around one-third of the way to bringing the private sector on a trajectory to keep global warming below 2C, highlighting the need for more science-based targets, new analysis from CDP has found.
Aim Higher: Business can 'pioneer' climate agenda by targeting 1.5C pathway
Government and business commitments to align practices with a 1.5C pathway are "practically non-existent", but companies have the chance to become "true pioneers" of the climate movement by raising ambitions, a new report from the Carbon Trust claims.
MEPs urge EU to ratchet up climate ambitions ahead of UN summits
The European Parliament on Wednesday (3 October) backed a resolution that calls on the EU to increase its 2030 climate targets and to come up with a mid-century zero-emissions strategy before an all-important UN summit in 2018.
Christiana Figueres: Corporate leadership on climate change set to hit critical mass
Former UN climate change chief Christiana Figueres has expressed confidence that the amount of businesses taking a leading stance on the Paris Agreement goals will hit critical mass "pretty soon".
EU to aim for 100% emission cuts in new 'mid-century roadmap'
The European Commission is preparing an update of its low-carbon economy roadmap for 2050, acknowledging that the bloc's current target of cutting greenhouse gas emissions at least 80% by mid-century are insufficient, edie's content partner EurActiv.com has learned.
Lib Dems propose 'carbon-free' Britain by 2050
The Liberal Democrats have urged the Government to bring forward the UK's climate targets by a decade as a new report suggests that the country is on course to miss the Paris Agreement objectives.
Report: Existing business pledges keep US on track with Paris goals
The action of US states, cities and businesses could "significantly mitigate" the impact of the US decision to withdraw from the Paris Agreement, according to new research.
Investors implore banking firms to champion climate disclosure
More than 100 investors with $1.8trn under management have written to the chief executives of 60 of the world's largest banks, including HSBC and Bank of America, calling for better disclosure and implementation on climate risks in their investment portfolios.
Why businesses need to get serious about sustainable buildings
It will be months, possibly years, before the full extent of damage from Hurricane Irma is fully understood, let alone repaired. It reminds me of the sense of despair shared in a lecture I attended by one of the key architects of the multi-trillion-dollar recovery of New Orleans post Katrina. He spoke of it like it was a tale of many disasters, all of which pointed back to climate change.
BT sets 87% carbon reduction target to help meet Paris Agreement goals
After reaching a carbon target four years ahead of schedule, BT is setting itself on the path to help limit global warming to 1.5C through a new science-based target to reduce emissions by 87% by 2030 against a 2016/17 baseline.
Building the story: How Mars got boardroom buy-in for its $1bn sustainability strategy
As Mars unveils a new corporate strategy to reduce emissions by 67% by 2050, edie's senior reporter Matt Mace speaks to the company's global director of sustainability Kevin Rabinovitch, to discuss how his team secured a $1bn backing from the company's chief executive.
World set to exhaust carbon budget in 2040s, despite predicted energy plateau
A "watershed moment in human history" will occur in 2030 as energy demand plateaus, although the rapid decarbonisation of the global energy supply will still deplete the carbon budget for the goals of the Paris Agreement by 2041.
Global warming unstoppable without geo-engineering, says study
The international community has already missed its chance to limit global warming to between 1.5 and 2 degrees Celsius, according to a new study by Switzerland-based researchers. But a solution to the problem could lie in geo-engineering technologies.
Al Gore: Trump has failed to knock Paris climate deal off course
Donald Trump has failed to knock the Paris climate agreement off course despite his efforts to derail it, according to the former US vice president Al Gore.