To help SMEs gear up for their exciting journeys in sustainability, Global Compact Network Singapore is pleased to launch its inaugural SME Guide to Corporate Sustainability. The SME Guide shines a spotlight on latest sustainability trends and offers insights on how to adapt. It comes with a 6-step process to get started and useful tools and resources to support business transformation.
This new report from the Science Based Targets initiative (SBTi), prepared by CDP and the UN Global Compact, takes stock of corporate climate ambition in G7 countries, assessing the temperature ratings of the leading equity indexes of these markets. Analysis is based on emissions reduction target data submitted by companies to CDP and the SBTi. It focuses on mid-term rather than long-term target data, given the urgency to halve emissions by 2030. The report frames science-based target setting as the solution to bridge the ambition gap, outlining four levers to unlock breakthrough climate mitigation action through science-based targets.
Provides a comprehensive look at a new asset class to mobilize capital to solve water-related challenges, create sustainable ocean business opportunities and signal responsible ocean stewardship.
The UN Global Compact’s Action Platform for Peace, Justice and Strong Institutions promotes business engagement on SDG 16, including through the SDG 16 Business Framework I Inspiring Transformational Governance. In order to inform the Framework and to explore the themes of peace, justice and strong institutions within a national and regional context, a series of 14 country consultations were held with representatives from business, Global Compact Local Networks, civil society, government and academia in attendance. The following synthesis of these discussions.
The SBTi defines and promotes best practice in science-based target setting and offers resources and guidance to reduce barriers to adoption. The SBTi Corporate Manual is a combination of two previously available resources, the Call to Action Guidelines-which gives information on the four step process for joining the initiative- and the SBTi Manual-which provides stepwise guidance and recommendations for setting SBTs- now combined, streamlined, and newly-released to best support companies throughout all steps of the science-based target setting journey.
This UN Global Compact action-oriented narrative synthesizes the key insights gathered through a series of webinars organized in 2020 on the climate-nature-health nexus, in the framework of the Business Ambition for Climate and Health Action Platform. Reminding the business case for taking integrated climate and health action, it provides guidance on how companies can deliver climate and health co-benefits by pointing towards relevant action-oriented initiatives. It focuses on the five areas that were addressed by the webinar series : air pollution, nature and biodiversity, food systems, water resilience, and the future of work and just transition.
This report shows that companies with science-based targets are delivering on large-scale emissions reductions. Five years on from the Paris Agreement, the Science Based Targets initiative (SBTi) analysed the emissions of a group of 338 companies whose climate targets have been approved by the SBTi as aligned with climate science and the goals of the Paris Agreement. This is the first ever study to look at how setting science-based targets correlates with corporate emissions reductions and the extent to which companies are actually delivering on those targets. Target-setting companies have successfully reduced their emissions by 25% since 2015, a difference of 302 million tonnes of CO2 equivalent, the same as the annual emissions from 78 coal-fired power plants.
Limiting average global warming to 1.5°C requires an enormous transformation of our economy and energy systems. The movement of companies, countries, cities, and investors setting ambitious net zero targets and leading this transformation is building momentum faster than ever. Though progress is being made, climate action must continue to be accelerated and accompanied by efforts to address the various environmental and societal challenges we face. In the UN Global Compact Network UK’s latest Briefing, we explain how businesses can be at the forefront of this growing movement and why it is important to continue raising ambition and take immediate action.
Highlights the central role businesses play in determining whether or not global temperature increases can be limited to 1.5°C by 2050, and identifies key issues that businesses should consider when assessing climate change and human rights - such as climate refugees, human trafficking, litigation hotspots, investor demands, and cost of inaction.
This report is a guide for ASEAN corporates who want their company to get started with sustainable finance or bring their sustainable finance journey to the next level. Learn more about the regional business case for sustainable finance and how it supports the triple-bottom line of people, planet and profit. Gain insights on local market players’ perspectives on the role businesses can play to close the SDG financing gap in ASEAN.
The Science Based Targets initiative (SBTi) has launched a process to develop the first science-based global standard for corporate net-zero target setting, to ensure that companies’ net-zero targets translate into action that is consistent with achieving a net-zero world by no later than 2050. The paper lays out the conceptual foundations for corporate net-zero target setting, including clarity on what it means for companies to reach net-zero emissions, analysis of existing net-zero target setting practices, assessment of strategies that are consistent with achieving a net-zero economy, and initial recommendations for science-based net-zero goals. The conceptual foundations discussed in the paper will be translated into detailed guidelines and criteria to be developed by the initiative as part of a continued multi-stakeholder process.
Financial institutions are the key to unlocking the system-wide change needed to reach net-zero emissions and limit global warming to 1.5°C above pre-industrial temperatures. The Science Based Targets initiative’s new framework allows financial institutions – including banks, investors, insurance companies, pension funds and others – to set science-based targets to align their lending and investment activities with the Paris Agreement.