Sustainable Procurement News
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Sustainable Procurement News
Latest news, trends, ideas on Sustainable / Responsible Procurement and Green Supply Chain from EcoVadis
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Major Funding Pledges Won't Close the Clean Energy Investment Gap

Major Funding Pledges Won't Close the Clean Energy Investment Gap | Sustainable Procurement News | Scoop.it
Several major financial institutions have made massive sustainable-investment pledges surrounding COP24, the new round of global climate talks that concluded earlier this month in Poland. The World Bank announced $200 billion in funding for projects tackling climate change in developing countries. Five of Europe’s largest banks, managing more than $2.7 trillion, promised to reassess their lending and reduce their carbon impact. And several countries increased their funding to the Green Climate Fund, which supports renewable energy and climate resilience projects in developing countries, bringing the funding to $7 billion.
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COP24: Nations complicit in ignoring bioenergy climate bomb, experts say

COP24: Nations complicit in ignoring bioenergy climate bomb, experts say | Sustainable Procurement News | Scoop.it

Twenty years ago science told policymakers that bioenergy – the burning of woody biomass – was a sustainable form of energy that was carbon neutral. The current United Nations carbon accounting system follows that guidance. However, new science has found the hypothesis to be wrong: bioenergy has been found to add significantly to carbon emissions. Meanwhile, NGOs and scientists at COP24 have sought earnestly to alert the media and COP delegations to the bioenergy climate bomb and its looming risks, even going so far as to write language closing the loophole that could be inserted into the Paris Rulebook now being negotiated, but to no avail.

 

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What You Need To Know About Climate Change Ahead Of Next Week’s UN Summit

What You Need To Know About Climate Change Ahead Of Next Week’s UN Summit | Sustainable Procurement News | Scoop.it
A fresh round of international climate negotiations, called COP24, kicks off in Poland next week. This annual event brings together world leaders, scientists, campaigners, the private sector and local community representatives to debate how to address climate change and put in place policies to tackle it. Here are some of the key things you need to know. 

1. Climate Change Is Already Happening
2. Humans Have A Lot To Answer For
3. The Effects Are Being Felt Across The U.S.
4. Donald Trump Is In Denial
5. The U.S. Is Making Some Progress...
6. ... But Let’s Not Get Carried Away
7. The Big Picture: There’s A Lot More Work To Be Done

EcoVadis's insight:

The main aim of COP24 will be to adopt decisions ensuring the implementation of the Paris Agreement, in order to fight climate change. Many forward-looking businesses are not waiting for their countries or local governments to make laws or provide incentives. They are already committing: Thousands of businesses have stepped up to set public targets, some in the form of general climate pledges, but others are setting more specific goals.

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Nations at climate talks back universal emissions rules

Nations at climate talks back universal emissions rules | Sustainable Procurement News | Scoop.it

Nearly 200 countries at the U.N. climate talks have agreed upon universal, transparent rules on how nations can cut greenhouse gas emissions and curb global warming, putting the principles of the 2015 Paris climate accord into action. But to the frustration of environmentalists and a group of countries who were urging more ambitious climate goals, negotiators on Saturday delayed decisions on two other climate issues until next year in an effort to get a deal on them.

EcoVadis's insight:

Any modern business is likely to feature low carbon strategies in their business plan. In today’s world, businesses want to play their part in a sustainable future by helping the UK cut its carbon emissions. Carbon emissions don’t just impact the environment either – they impact the finances and livelihood of every business too. But with solutions such as renewable energy and free solar, cutting carbon emissions have never been easier. 

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COP24: World is politically unwilling to fight climate change

COP24: World is politically unwilling to fight climate change | Sustainable Procurement News | Scoop.it

At a time when carbon dioxide emissions have started to rise after three years of stability, there is a “lack of political will” in most nations to phase out fossil fuels with the necessary speed, according to a report released at the 24th Conference of Parties (COP 24) to the United Nations Framework Convention on Climate Change. The Climate Change Performance Index (CCPI) 2019, released December 10, 2018 by Germanwatch and the NewClimate Institute, shows that only few countries have started working towards limiting global warming below 2°C or even at 1.5°C.

EcoVadis's insight:

Amid growing awareness about climate change and a consequent shift in consumer behavior, brands are increasingly selling more sustainable goods. And as the expectations on corporate responsibility increase, and as transparency becomes more prevalent, companies are recognizing the need to act on sustainability. Professional communications and good intentions are no longer enough. 

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