Middleby Corporation – GHG Goals (2022)
Whereas: In 2018, the Intergovernmental Panel on Climate Change evaluated the goals of the 2015 Paris Agreement and advised that net carbon emissions must fall 45% by 2030 and reach net zero by 2050 in order to limit warming below 1.5 degrees Celsius and prevent the worst consequences of climate change. However, in 2020, the UN reported the world is “way off-track” from achieving these goals. (1) Exceeding 1.5 degrees Celsius presents risks to the global economy and investors: up to 10% of total global economic value is projected to be lost by 2050 under current emissions trajectories. A warming …
J.B. Hunt – GHG Goals (2022)
Whereas: In 2018, the Intergovernmental Panel on Climate Change updated the goals of the 2015 Paris Agreement to advise that net carbon emissions must fall 45 percent by 2030 and reach net zero by 2050 to limit warming below 1.5 degrees Celsius, thereby preventing the worst consequences of climate change. However, in 2020, the UN reported the world is “way off-track” from achieving these goals. (1) Exceeding 1.5 degrees Celsius presents risks to the global economy and investors: up to 10% of total global economic value is projected to be lost by 2050 under current emissions trajectories. (2) A warming …
Darling Ingredients , Inc. – GHG Goals (2022)
Whereas: In 2018, the Intergovernmental Panel on Climate Change advised that greenhouse gas emissions must be reduced 45% by 2030 and reach net zero by 2050 to limit warming to 1.5° Celsius, prevent the worst consequences of climate change, and meet the goals of the Paris Agreement. In 2021, the UN reported that the world is “way off track” in its efforts to achieve these targets. Companies must therefore act rapidly to reduce emissions in line with these science-based goals. While Darling asserts its commitment to “reducing the direct climate impact of our own activities,” Darling’s absolute Scope 1 and …
BJ’s Restaurants, Inc. – GHG Goals (2022)
Whereas: In 2018, the Intergovernmental Panel on Climate Change evaluated the goals of the 2015 Paris Agreement and advised that net carbon emissions must fall 45% by 2030 and reach net zero by 2050 in order to limit warming below 1.5 degrees Celsius and prevent the worst consequences of climate change. However, in 2020, the UN reported the world is “way off-track” from achieving these goals. (1) Exceeding 1.5 degrees Celsius presents risks to the global economy and investors: up to 10% of total global economic value is projected to be lost by 2050 under current emissions trajectories. A warming …
BJ’s Wholesale Club, Inc. – GHG Goals (2022)
Whereas: In 2018, the Intergovernmental Panel on Climate Change evaluated the goals of the 2015 Paris Agreement and advised that net carbon emissions must fall 45% by 2030 and reach net zero by 2050 in order to limit warming below 1.5 degrees Celsius and prevent the worst consequences of climate change. However, in 2020, the UN reported the world is “way off-track” from achieving these goals. (1) Exceeding 1.5 degrees Celsius presents risks to the global economy and investors: up to 10% of total global economic value is projected to be lost by 2050 under current emissions trajectories. A warming …
Bank of America – Fossil Fuel Financing (2022)
Climate change is a global challenge that continues to gain widespread attention for its numerous, significant environmental and social impacts. Fossil fuels are hot button political and significant policy issues, because of their impacts on the global climate, local environments, and human rights. Exceeding 1.5 degrees Celsius presents risks to the economy, investors, and banks’ profitability: limiting global warming to 1.5 degrees versus 2 degrees has been projected to save $20 trillion globally by 2100, and exceeding 2 degrees could lead to climate damages in the hundreds of trillions. Estimates find 10% of total global economic value stands to be …
United Parcel Service – Emissions and Climate (2021)
WHEREAS: In 2018, the Intergovernmental Panel on Climate Change updated the goals of the 2015 Paris Agreement to advise that net carbon emissions must fall 45 percent by 2030 and reach net zero by 2050 to limit warming below 1.5 degrees Celsius, thereby preventing the worst consequences of climate change. However, in 2020, the UN reported the world is “way off-track” from achieving these goals. Climate change impacts present risks to investors. A warming climate is associated with increased supply chain disruptions, reduced resource availability, lost production, commodity price volatility, infrastructure damage, political instability, reduced worker efficiency, and adverse health …
Costco – Environmental Reporting/Disclosure (2021)
WHEREAS: Climate change presents systemic portfolio risks to investors; a warming climate contributes to supply chain disruptions, lost productivity, commodity price volatility, adverse human health impacts, and regulatory risk, among others. The widely recognized Paris Climate Agreement established the imperative to limit global temperature increases well below 2 degrees Celsius to prevent the worst impacts of climate change. Alarmingly, the most recent science shows achieving this goas is now “extremely unlikely.” Thus, more urgent and ambitious action is needed from all sectors. While Costco Wholesale Corporation (Costco) has adopted some initiatives to begin to address its climate impact, including installing …
Bank of America – Financing Related to the Arctic (2021)
WHEREAS: Climate change is a global challenge that continues to gain widespread attention for its numerous, significant environmental and social impacts. Particular subsectors of fossil fuels, including Arctic exploration and production, have become hot button political and significant policy issues, because of their impacts on the global climate, the local environment, and Indigenous rights. Protests surrounding drilling in the Arctic are among the high-profile concerns. Through 2019 and 2020, Morgan Stanley, Goldman Sachs Group Inc., JPMorgan Chase & Co., Citibank, and Wells Fargo & Co. made commitments amounting to a rejection of much funding of oil and gas development in …
Sysco Corp – Climate Change (2020)
Whereas: Climate change present systemic risk to food-based businesses. The 2018 National Climate Assessment found “climate change presents numerous challenges to sustaining and enhancing crop productivity, livestock health, and the economic vitality of rural communities,” and rising temperatures are “the largest contributing factor to declines in the productivity of U.S. agriculture.” Not only is agricultural production susceptible to climate change, it also reportedly contributes up to 24 percent of global greenhouse gas emissions. Sysco Corporation (Sysco) derived roughly 85 percent of its FY19 sales from food, with principal product categories based around meat, dairy, poultry, and produce. Thus, the impacts …
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