Climate Action: Why 1.5-2 Degrees Celsius Matters
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Climate Action: Why 1.5-2 Degrees Celsius Matters

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Around 1,500 companies globally have set a climate target in line with a 1.5°C trajectory recommended in the Paris Accord. Why does the temperature pathway matter? 

 

Around 1,500 companies globally have set a climate target in line with a 1.5°C trajectory recommended in the Paris Accord. Why does the temperature pathway matter? 

 

Insights for What’s Ahead 

  • Growing concern about climate change and risk, and the discussions at the COP 27 summit in Egypt are likely to have an impact on the global business environment.
  • Businesses need to prepare for regulatory interventions that stipulate climate action specifically aligned with the 1.5°C target. For example, in the EU, the proposed Corporate Sustainability Due Diligence (CSDD) directive requires companies with more than 500 employees and a global net turnover of more than €150 million to adopt business models and strategies that are designed to meet the 1.5°C target. Similar requirements are also interwoven in the EU Taxonomy, the Corporate Sustainability Reporting Directive (CSRD) proposal, and the climate change working paper for the European Sustainability Reporting Standards. Other jurisdictions will likely follow suit with similar requirem

Authors

Anuj Saush

Anuj Saush Anuj Saush

Head, TCB Advisory International
The Conference Board

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Catherine Early

Catherine Early Catherine Early

Research Fellow, Governance & Sustainability Cente…
The Conference Board

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