Connect with us


UN-backed report reveals no G7-based stock market index meets Paris climate targets




The Global Compact has partnered with the international nonprofit CDP on behalf of the Science Based Targets (SBTi) initiative, an organization that helps companies set ambitious emission reduction targets.

In December 2015, more than 190 signatories in Paris agreed to limit the rise in global average temperature to well below 2 ° C (3.6 ° F) above pre-industrial levels, in the hope keep it as close to 1.5 ° F as possible. C (2.7 ° F).

Just before the G7 summit in the UK, which begins on Friday, the To take the temperature report shows indexes on major G7 stock exchanges are averaging 2.95 ° C, while four of the seven are on temperature trajectories of 3 ° C or more – well above the Paris benchmark .

Stock indices consist of the largest companies listed on a country’s largest stock exchange and are essential benchmarks for understanding market trends and direction.

Deliver to Paris

As the G7 economies cover nearly 40% of the global economy and around 25% of global greenhouse gas emissions, the companies that make up the G7 have a responsibility to reduce their emissions, according to SBTi.

“G7 companies have the potential to trigger a ‘domino effect’ of positive change throughout the global economy,” mentionned Lila Karbassi, Head of Programs, UN Global Compact and Chair of SBTi’s Board of Directors, calling on the largest G7 listed companies to urgently step up climate action.

Invest in the planet

Currently, 70 percent of the Canadian SPTSX 60 index is at a nominal temperature of 3.1 ° C and nearly 50 percent of the Italian FTSE MIB at a temperature of 2.7 ° C.

While passive investing currently accounts for around 40 percent of U.S. funds and 20 percent of European funds, investors are warned that only 19 percent of companies listed in G7 indices have climate goals allied with the Paris Agreement.

G7 climate and environment ministers recently urged companies and investors to align their portfolios with the Paris targets and set science-based targets for net zero emissions by 2050 – at the latest.

“This report highlights the urgent need for markets and investors to meet the Paris Agreement goals… Governments must go further to encourage the setting of ambitious science-based goals,” said Ms. Karbassi.

Room for optimism

Despite these results, the momentum for action in the G7 countries is accelerating, with the analysis citing 2020 as a milestone year for climate commitments.

Some 64% of all corporate greenhouse gas emission reduction targets disclosed to CDP last year were set by companies headquartered in G7 countries, and the science targets annual rate doubled in 2020 compared to 2015 to 2019.

Urgent action

The report also identified four urgent priorities for climate action.

He recommended that businesses and governments work together to harness a cycle of positive feedback in which private actions and government policies are mutually reinforcing.

Second, companies need to work with suppliers to decarbonize supply chains.

Third, it calls on investors to build science-based goals into sustainability obligations and climate finance standards.

Finally, the report advised financial institutions to set scientific goals at the portfolio level with underlying assets to create a domino effect across all sectors of the economy.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]