A six-week consultation on new climate disclosure rules for the UK’s pension sector started on 26th August. Under the proposed changes, pension schemes with £5bn or more in assets under management will be required to both assess and publicly report on the physical and transition risks facing assets in their portfolios by the end of 2022.
Smaller schemes which still have more than £1bn of assets under management would then be subjected to the same requirements by the end of 2023. To ensure that disclosures are uniform, pension schemes will be mandated to follow the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).
According to the Department of Work and Pensions’ Secretary of State, once this roll-out is complete, 70% of the UK’s pension sector, in terms of assets under management, would be covered.
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UK's largest pension schemes set for mandatory climate risk reporting
The Superpower of Media - Mirrors or Movers II: managing the societal impacts of content
Media has a superpower: the power to shift hearts and minds, and catalyse change. With that power comes great responsibility. Our report examines how media companies proactively manage the social impacts of their content, and how this domain has progressed in recent years.
With a powerful foreword by Christiana Figueres, this report is a progress update and a call to arms for media companies. Media responsibility has often been creative and innovative, putting the sector’s talents to good use. But our research shows that rigour and measurement now also characterise media responsibility. This is timely, because society expects ever more from its media, whether to tell truth, to challenge or to inspire.
Based on learnings gathered from the Mirrors or Movers conference series, the regular discussions of the Responsible Media Forum, and interviews with both media responsibility practitioners and commentators, the report outlines a framework for good practice in content impact measurement, and six steps to impact.
UK to lead global fight against illegal logging and deforestation
The UK is to spearhead a major global crackdown on illegal timber and deforestation, with plans to form a coalition of developing countries against the trade as part of its hosting of crunch UN climate talks this year. All countries are expected to come forward with tougher plans to reduce global emissions as part of COP 26, and experts have said this will only happen if the UK takes the lead in forming a coalition of small and big developing countries, including forested African nations and Indonesia, as well as major economies such as the US, China, India and the EU. Offering assistance to developing countries, in the form of finance and technical expertise, will be vital to that effort.
Only 8 companies have made it into this year's Forests A List in the annual CDP reporting round
CDP’s annual A List names the world's most pioneering companies leading on environmental transparency and performance. This year, more than 200 corporates are recognized as leading on Climate Change, Water and Forests. UPM-Kymmene Corporation was one of only 8 companies to achieve the Forests A list in the latest round of CDP disclosures. The other leading companies are: Unilever plc, TETRA PAK, L'Oréal, HP Inc, FUJI OIL HOLDINGS INC., FIRMENICH SA, and Danone.
Read more about the Forests methodology here.
Latest UN Emissions Gap Report finds world must ramp up climate ambitions at least threefold to meet Paris goals
The Emissions Gap Report 2019 finds that total greenhouse gas emissions have risen by 1.5 percent per year over the past decade, and that even if all current commitments made under the Paris Agreement were implemented, global temperatures would rise by 3.2°C. Countries would have to ratchet up their emissions reductions commitments threefold to meet the 2°C target by 2030.To reach the 1.5°C target, it would require a five-fold increase in countries’ emissions reduction commitments.
Brazil's Amazon rainforest is burning at a record rate
Fires are raging at a record rate in Brazil's Amazon rainforest, and scientists warn that it could strike a devastating blow to the fight against climate change. According to INPE, more than 1½ soccer fields of Amazon rainforest are being destroyed every minute of every day and the fires are burning at the highest rate. Environmental activists and organisations accuse Brazil's president -Jair Bolsonaro of relaxing environmental controls in the country and encouraging deforestation.
IPCC special report on climate change, desertification, land degradation, sustainable land management, food security, and greenhouse gas fluxes in terrestrial ecosystems
The IPCC released a special report on climate change, desertification, land degradation, sustainable land management, food security, and greenhouse gas fluxes in terrestrial ecosystems. The report addresses greenhouse gas (GHG) fluxes in land-based ecosystems, land use and sustainable land management in relation to climate change adaptation and mitigation, desertification, land degradation and food security.
Ministers Adopt Katowice Declaration on Forests for Climate
Ministers attending the 24th Conference of the Parties (COP 24) to the UNFCCC adopted the 'Ministerial Katowice Declaration on Forests for Climate', which highlights the significant role of sustainable forest management in achieving climate change commitments in the Paris Agreement.
Why India is one of the most polluted countries on Earth
India “has the capacity to clean up, but not the political will”. This piece from the Economist’s Asia edition cites political apathy towards pollution and failures to listen to middle classes as two of the most significant factors in India’s continuing struggle with environmental protection. The country also shows mixed responses to their climate change commitments, as data shows a significant preference for coal power generation over cleaner gas-fired plants.
Norway Bans Deforestation-Linked Palm Oil Biofuels
The Norwegian parliament voted to make Norway the world's first country to ban its biofuel industry from importing deforestation-linked palm oil starting in 2020. A 2017 report by Rainforest Foundation Norway (RFN) showed palm oil-based biofuels have a more detrimental effect on climate change than using fossil fuels. The resolution calls on the government "to formulate a comprehensive proposal for policies and taxes in the biofuels policy in order to exclude biofuels with high deforestation risk."
The State of the Global Paper Industry, 2018
EPN have published their third report on the state of the global paper industry, presenting an analysis of the world’s pulp and paper industry, and the commercial, social and environmental risks and opportunities facing it. The report examines the performance of the industry against each of the goals of the Global Paper Vision; 1) reducing global paper consumption and promote fair access to paper, 2) maximising recycled fibre content, 3) ensuring social responsibility, 4) sourcing fibre responsibly, 5) reducing greenhouse gas emissions, 6) ensuring clean production and 7) ensuring transparency and integrity. Key themes include the need to bring paper consumption down to sustainable levels, to address climate chain impacts across the supply chain and to drive action around commitments.
- Forest Sourcing
- Environmental Paper Network
- Climate chain
- ensuring clean production
- ensuring transparency and integrity
- EPN
- Global Paper Industry
- Global Paper Vision
- maximising recycled fibre content
- Paper consumption
- promote fair access to paper
- pulp and paper industry
- reducing global paper consumption
- reducing greenhouse gas emissions
- sourcing fibre responsibly
- suring social responsibility
Quebec's Logging Plan Ignores Cree Call to Protect Broadback
NRDC is working alongside the Waswanipi Cree First Nation to protect the last of their intact boreal forest homeland from Quebec’s aggressive logging proposal. Quebec’s plan would be devastating for the Waswanipi, who have already had more than 90 percent of their traditional hunting grounds, located in the old-growth forests of the boreal forest, severely impacted by industrial logging. In addition, the expanded logging would destroy critical habitat for the threatened boreal caribou, and degrade an ecosystem crucial to mitigating global climate change.
Latin America Demonstrates Leadership at COP23
Latin American countries, regions and cities demonstrated clear ambition and leadership at the United Nations Climate Change Conference (COP23) held in Bonn, Germany. Mexico and Costa Rica joined 23 other countries in signing on to a new global coalition committed to phasing out coal and supporting clean power policies and investments, while restricting financing for coal plants. Buenos Aires, Caracas, Mexico City, Quito, Rio de Janeiro, and Santiago de Chile were among 25 global cities that committed to develop and implement more ambitious climate action plans before 2020.
Forest conservation can offset emissions from palm oil expansion in Africa: Study
A new research published by the journal Conservation Letters studies the industrial palm oil plantations and regional greenhouse gas emissions levels. The paper summarizes the results of a case study focused on an oil palm operation in Gabon, and suggests that tropical African countries could largely offset the emissions created by converting the land to palm oil plantations if they enact mandatory policies regulation which forests can be cleared and how much remaining forest must be set aside for conservation. If those mandatory measures are lack, unsustainable levels of climate-warming carbon emissions could be created by converting Africa’s tropical forests into monoculture palm plantations.
Environmental groups demand end to logging of Australia’s native forests
More than 30 environmental groups have signed a statement against the renewal of regional forest agreements (RFAs) for the logging of Australian native forests. A report shared last week by the National Park Association of NSW showed that the logging has resulted in an increase of threatened species. It also noted that the agreements designed in 1990 didn’t acknowledge how the loss of forests would contribute to climate change. The environmental groups stand firm and will not accept any extensions, rollovers or renewals.
Fighting climate change means protecting forests and wildlife
The importance of tropical rain forest for addressing climate change was formally recognized in the Paris Conference of Parties (COP) of the UNFCCC. The Paris Agreement advocates countries to incorporate forests and ecosystems protection into country plans for reducing emissions. To combat climate change, except protecting and restoring forests, it is also essential to maintain the full faunal composition to ensure long term survival and maximize full capacity. Last but not least, recognizing the role of maintaining core areas of intact primary forest through parks, reserves, indigenous territories and other protected areas to ensure that restoration of forests takes place in a way that fully restores those forests to their many ecosystem service roles is also important.
African forestry scheme aims to build prosperity by restoring landscape
Over a dozen African countries to tackle Climate change and boost development by restoring 100m hectares of forest across the continent over the next 15 years. The initiative known as the African Forest Landscape Restoration Initiative (AFR100) was launched during COP21. It will be underpinned by a $1bn investment from the World Bank in 14 African countries over the next 15 years and by $600m of private sector investment over the same period.
The initiative will also be supported by Germany’s Federal Ministry for Economic Co-operation and Development, the New Partnership for Africa’s Development (Nepad) and the World Resources Institute.
- Forest Sourcing
- The Guardian
- Africa
- Cameroon
- Congo (Democratic Republic)
- Kenya
- Liberia
- Madagascar
- African Forest Landscape Restoration Initiative
- Climate Change
- COP21
- Forests
- Germany’s Federal Ministry for Economic Co-operation and Development
- New Partnership for Africa’s Developmet
- World Resources Institute
COP21: Prince Charles to make forest appeal
Prince Charles has called upon the world leaders to work together on the better protection of the forests of the world at the UN Climate conference in Paris. In a speech given at a meeting at COP21 2015, Prince Charles said too many companies still turned a blind eye to their commercial activities destroying forests, and that protecting forests was not enough - the world needed to re-forest deforested lands.
Scientists warn only 'simplified', degraded tropical forest may remain by end of century
Scientists at UCL have defined three phases of global forest loss, the third of which we are living through now. They believe this third phase poses dangerous consequences if not correctly managed at a global scale. They believe the first phase happened over 6000 years ago when hunter-gatherers moved into tropical forests. The second phase saw the emergence of tropical agriculture. Despite altering the forest both of these phases maintained its overall health. The third phase – known as ‘Global Integration’ - has much greater impacts and is defined by distant decision-makers directing forest and agricultural land use. There have been positive moves, such as the UN’s New York Declaration of Forests agreeing to halt deforestation and restore 150 million hectares. But moves to expand the palm oil industry in to Africa are concerning and the study worries about the implications for the continent’s natural forests. The report calls for a renewed attention on forests at the Paris climate talks, where commitments to reduce deforestation and secure alternative finance are essential to success.
Fight against deforestation failing says WWF
A new study of 14 nations by WWF and think tank Climate Advisors shows that only 4 (Indonesia, Columbia, Ecuador and Peru) have set targets to succeed by 2020. WWF say that if zero net deforestation by 2010 was achieved in these 14 countries, three gigatonnes in annual carbon dioxide could be saved by 2020 – more than the annual emissions of India and Germany combined.