Potential emissions of oil and gas companies’ fossil fuel reserves could make or break whether the world stays within its "carbon budget."
The shale gas revolution, which began nearly 10 years ago in the United States, is poised to spread across the globe. For many countries, shale gas could strengthen energy security while cutting emissions.
But unlocking this massive resource comes with a significant environmental risk: access to freshwater for drinking, agriculture, and industrial use.
Multinational companies (MNCs) typically have operations and supply chains in many parts of the world. The way they respond to climate change, therefore, can affect many populations, including poor communities in developing countries, where many people are especially vulnerable to heat waves, sea level rise, and other climate change impacts. MNCs sometimes find themselves in tension with local groups and the environment, but they can also play an important role in making these communities more climate-resilient.
Here are three ways that MNCs can contribute to climate change adaptation in developing countries:
As the risks that climate change poses to business becoming ever clearer, corporate executives are increasingly recognizing that policy action is essential. The Guide to Responsible Corporate Engagement in Climate Policy—from the U.N. Global Compact, U.N. Framework Convention on Climate Change, U.N. Environment Programme, World Resources Institute, CDP, WWF, Ceres, and The Climate Group—for the first time establishes a shared, practical definition of responsible corporate engagement. The new guide details three essential steps businesses can take to effectively engage in climate policy.
First-of-its-Kind Guide Calls on Companies to Align Corporate Sustainability Initiatives and Climate Policy
WASHINGTON– For the first time ever, companies have a guide to manage and report on their direct and indirect influences on climate policy. The UN Global Compact, in cooperation with seven leading international organizations, today released guidelines to help companies engage in climate policy in a transparent and accountable way that is consistent with their sustainability commitments.
A Caring for Climate Report
This guide provides practical insights on why and how companies can provide constructive influences on climate policy. It is the output of a review and consultation on responsible corporate engagement, undertaken by the UN Global Compact in cooperation with UNEP, UNFCCC, WRI, UNGC, CDP, WWF,...
The Guide for Responsible Corporate Engagement in Climate Policy--produced by U.N. Global Compact, U.N. Framework Convention on Climate Change, U.N.
An old Wall Street adage says “the market hates uncertainty.” Well, businesses received an unambiguous message last week with the latest Intergovernmental Panel on Climate Change report.
Water risks such as floods, scarcity and pollution are increasingly chipping into corporate bottom lines. The financial sector is taking notice--and taking action.
Calvert Investments asked Hanes Brands to evaluate its losses from cotton-supply shortages due to the 2011 US drought, determining that the company lost $5.2 billion.