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3BL Media

3BL Media

Member: Platinum
Since: 01.09.2006
3BL Media delivers purpose-driven communications for the world’s leading companies. Our unrivaled distribution, leadership and editorial platforms inspire and support global sustainable business, reaching 10+ million change-makers.

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3BL: Major Investor and Company Calls Grow Louder for Governments to Raise Their Climate Ambition

01.11.2021 Share

Happening on the heels of yet another urgent and dire warning from the world’s leading scientists, the United Nations Climate Change Conference of Parties (COP26) marks the most consequential global climate summit in years and a critical opportunity for governments to raise their ambition and commit to the policies needed to tackle the climate crisis.

This week, a record 700 institutional investors collectively managing more than U.S. $51 trillion, roughly half of all assets under management globally, are calling for governments to end fossil fuel subsidies, phase out thermal coal, and mandate climate risk disclosures. At the same time, more than 750 companies are urging governments to cut emissions by 2030 and keep the 1.5 degree goal within reach, and require companies to disclose their climate-related financial risks. This marks the largest corporate call for mandatory climate risk disclosure in the U.S.

Companies are also emphasizing the need to tackle emissions from high-emitting sectors, such as transportation: more than 50 sent a letter last weeking urging government leaders to enact binding that will ensure sales of all new passenger and light-duty vehicles are zero emission by no later than 2035.

At COP26, Ceres leading sustainability experts will join the calls for greater climate ambition and action through a number of events between October 31 through November 12.

“We are running out the clock on our ability to stop the worst effects of the climate crisis. The time for urgent action from every investor, business, and government alike has never been greater,” said Ceres CEO and President Mindy Lubber. “Investors and companies want to see our world leaders take action to enact policies that will spur an economy-wide shift to a more just and inclusive zero emissions future. COP26 marks a key moment for climate action and will build momentum for the further action we know is needed to achieve the change we need to see at the speed and scale the crisis demands.”

Article Source: Website Newsroom witn information from Ceres