More than 70% of all assets are invested in funds with above 2.3 ºC alignment, whilst only 0.1% are aligned when scope 3 is considered, according to new research. The research leverages CDP’s environmental disclosure platform and Clarity AI’s tech capabilities to conduct a global warming alignment analysis of more than 23,000 funds with assets totalling over $25 trillion. The analysis assessed the funds’ temperature alignment and corporate emission reduction targets, with a focus on the ambition rather than their actual alignment. According to the results, less than 1,000 funds (1.3%) are aligned with the Paris Agreement’s goal of limiting…
Nigel Topping, former UN climate change high-level champion for COP26, has been appointed to the Climate Change Committee (CCC) to drive sustainability in business. Starting in May 2023, Topping will serve a five-year term and lead the Committee’s efforts in integrating businesses into the transition to net zero. Topping will bring nearly two decades of private sector experience to the role of businesses in achieving net zero targets. Serving as the UN Climate change high-level champion for COP26, Nigel mobilised the global private sector and local government to take action on climate change, initiating the ‘Race To Zero’ and ‘Race…
