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DTSTART;TZID=Europe/Berlin:20240611T153000
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UID:10000301-1718119800-1718125200@whatworksclimate.solutions
SUMMARY:Integrity of corporate net zero pledges: Analysis of major food and beverages companies
DESCRIPTION:Food and beverage companies have a crucial role to play in cutting global greenhouse gas (GHG) emissions. This study analyses net-zero and interim emission reduction targets of the world’s 20 largest food and beverage companies by revenue\, which collectively account for more than 1 GtCO2e of direct and indirect emissions annually in the context of recent developments in corporate climate integrity and target setting criteria. \n17 of the 20 companies have a net zero target or its equivalent. By contrast\, many companies lack short-term targets before 2030; they focus disproportionately on longer term\, net-zero emission target-setting rather than on short- and medium-term targets\, indicating that these companies are avoiding immediate actions to reduce emissions. Most of these short-term targets also did not cover Scope 3 emissions\, which comprised 93% of the companies’ total GHG emissions. Most of the companies are also not explicit whether they intend to rely on carbon dioxide removal (CDR) within or outside their value chains to realise net-zero or interim targets\, and very few companies specify to what extent. The effectiveness the nature-based solutions the companies describe for achieving their emission reduction targets is highly uncertain and carries risk of non-permanency and reversibility. Because of these reasons\, we were not able to make robust estimates of companies’ targeted value chain emission reduction trajectories. \nOverall\, only a minority of the assessed companies have targets that are relatively in line with international corporate climate action integrity standards. There is a need for significant improvements in upstream emissions reporting\, particularly under purchased goods and services and associated land-use change emissions. Strong improvements are also required in interim target setting in terms of frequency and enhanced transparency on scope and GHG coverage\, as well as the use of offsets or insets in meeting climate targets.
URL:https://whatworksclimate.solutions/presentation/integrity-of-corporate-net-zero-pledges-analysis-of-major-food-and-beverages-companies/
LOCATION:H 0110
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DTSTART;TZID=Europe/Berlin:20240611T153000
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DTSTAMP:20240531T082538Z
CREATED:20240508T100704Z
LAST-MODIFIED:20240531T082538Z
UID:10000105-1718119800-1718125200@whatworksclimate.solutions
SUMMARY:Supporting the Paris Agreement through international cooperation: Potential contributions\, institutional robustness and progress of Glasgow climate initiatives
DESCRIPTION:Many sector-level cooperative initiatives involving both national governments and non-state actors were launched around the 2021 Glasgow climate conference (COP26). However\, there have been questions about whether and to what extent these initiatives could substantially contribute to achieving the Paris Agreement’s goal to limit global warming to 1.5°C. To this end\, this paper examines the prospects of the 14 Glasgow sector initiatives by investigating their aggregate mitigation ambition under current national signatories and the institutional robustness of each initiative. We find that the additional emission reduction ambition of the current national government signatories would\, even if fully implemented\, only fill less than one-third of the ‘emission gap’ in 2030 between the aggregate of existing national targets (nationally determined contributions: NDCs) and the required emission levels consistent with keeping warming below 1.5°C\, while the institutional robustness varied considerably across initiatives. We also found that most national government signatories did not mention Glasgow initiatives in their updated NDCs submitted after COP26. Expansion of the national government signatories\, incorporation of the initiatives’ goals into the national government signatories’ updated NDCs by setting quantifiable domestic targets\, and enhanced institutional capacity are key to successful emission reduction outcomes. We will also discuss the findings in the context of COP28 in Dubai\, where a large number of sector-focused initiatives and declarations were announced.
URL:https://whatworksclimate.solutions/presentation/supporting-the-paris-agreement-through-international-cooperation-potential-contributions-institutional-robustness-and-progress-of-glasgow-climate-initiatives/
LOCATION:H 0110
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