When global leaders meet at the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow, UK, between October 31 and November 12, 2021, one of their primary goals will be the mobilization of public and private finance flows to deliver on the Paris Agreement's promises.
Governments are being encouraged to meet their pledges to annually raise at least USD 100 billion in climate finance. Concurrently, companies, banks, insurers and investors all need to create and implement credible business models that enable the transition to a net-zero economy.
Momentum is provided through the Glasgow Financial Alliance for Net Zero (GFANZ), launched by the COP presidency, UN High-Level Climate Champions and former Governor of the Bank of Canada and Bank of England, Mark Carney. So far, over 160 global businesses, responsible for assets exceeding USD 70 trillion, have joined to meet the GFANZ objectives with net-zero initiatives.
The pressure to make positive changes to the way businesses operate is not just coming from COP26. Consumers and supply chain partners are increasingly demanding better sustainability from the companies with whom they engage. Institutions now regularly evaluate businesses against environmental, social and governance (ESG) performance criteria before making investment decisions.
SGS ESG Certified is a portfolio of auditing solutions that helps organizations to define, achieve and promote their sustainability objectives. Incorporating SGS criteria and recognized standards, it helps build stakeholder trust while mitigating risk in the value chain and enhancing operating performance.
Learn more about ESG Assurance, Consulting and Due Diligence.
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