Montfort at Climate Week New York
Director @ Montfort
We’ve been working with We Mean Business, CDP, Science-based Targets and the United Nations Principles for Responsible Investment for the past few weeks to ensure that they make the most of Climate WeekNew York..
Here is a roundup of what each has got up to at Climate Week New York.
We Mean Business
— We Mean Business (@WMBtweets) 18 September 2017
As reported in Huffington Post, unprecedented momentum is being delivered by over 600 companies committed to bold climate action, through the We Mean Business coalition’s Take Action campaign.
The campaign brings together strategic climate commitments, facilitated by the We Mean Business coalition partners, which are collectively helping these companies tackle some 2.31 gigatons of Scope 1+2 emissions – equivalent to the total annual emissions of Russia.
Elsewhere, Nigel Topping, CEO of We Mean Business, said at Climate Week New York that “Now is a critical moment in the transition to electric vehicles.”
— CDP (@CDP) 12 September 2017
Through CDP, 5600 companies and 571 cities now disclose to CDP on behalf of 800 investors with $100 trillion in assets.
For Climate WeekNew York, CDP presented two complementary corporate guides on internal carbon pricing to support a wider use of best practice globally.
Internal carbon pricing is a powerful tool to assess the climate-related risks and opportunities arising from the transition to a low-carbon economy. However, the advantages remain untapped by the companies that could benefit the most.
Science Based Targets
Several climate-conscious companies were dressing for success as the likes of Gap, Nike, and Levi Strauss push the Science Based Targets Initiative membership to over 300, as reported in Business Green.
Announced as part of Climate WeekNew York., six clothing companies agreed to align their emission targets with the goals of the Paris Agreement to limit global warming to well below 2 degrees Celsius. Nike, Levi Strauss, Gap, Guess, Eileen Fisher and VF Corporation have all signed up to the Science Based Targets initiative during Climate Week New York..
In 2017 so far, more than 90 companies have joined the Science-based Targets Initiative, which now has more than 300 members. Other new companies that have committed to the initiative recently include Cummins, Olam, Telefónica and Veolia.
UN Principles for Responsible Investment
In an announcement made over the pond but timed to reach the Climate Week New York audience, the PRI contributed their Sustainable Finance recommendations to the new Green Finance taskforce.
Headed up by the UK Government’s Department for Business, Energy and Industrial Strategy, the new Green Finance taskforce is made up of senior financial experts who will accelerate growth of green finance and the UK’s low carbon economy.
The proposals will build on the UK’s global leadership in Green Finance, including development of world’s first green financial management standards with the British Standards Institute.
— Dept for BEIS (@beisgovuk) 18 September 2017
The Montfort team have been delighted with all the projects we’ve been working on as part of Climate Week New York.and several of the announcements made have shown real progress in creating real climate action across the globe, not just in New York.