The Agriculture, Forestry and Other Land Use (AFOLU) sector plays a significant role in global greenhouse gas (GHG) emissions, accounting for nearly a quarter of the world’s emissions. Not only is this sector contributing towards climate change, but it also faces vulnerability to climate change impacts. There is, however, a silver lining within this sector. … Read More
Science Based Targets
Science-based Targets initiative framework for financial institutions
As you are undoubtedly aware, the Science Based Targets initiative (SBTi) is in the process of developing a target-setting framework for financial institutions. The framework is being developed through a multi-stakeholder process to ensure practicality and validity for financial institutions. The target-setting methods within the framework will be asset class-specific. In late September the SBTi held its first … Read More
Why Science-based targets?
A new focus in corporate response to climate change is the setting of carbon reduction targets that are in line with scientific recommendation. Why is this a logical step? The reality If no action is taken, the average global temperature is on course to warm by 3.7–4.8°C by the end of the century. This is … Read More