The Greatest Challenge For Sustainable Development Goals - amazonia.fiocruz.br

Please refresh the page and retry. E arly last month, NextEra Energy, a renewable energy company based in Florida, became more valuable than Exxon Mobil. Only 12 years ago the oil giant was the largest public company on earth.

This dramatic reversal of fortunes made headlines and for good reason: it dramatically demonstrated that investors valued clean energy above fossil fuels. Stock markets are signalling that climate action — in this https://amazonia.fiocruz.br/scdp/blog/work-experience-programme/there-are-several-practices-that-uber-can.php, zero-emissions electricity — is the future, and that the heyday of oil economies lies in the past.

For climate activists, such market signals are a real breakthrough, as well as a validation.

For years, organisations such as the UN Global Compact have been urging businesses to adopt more sustainable business practices and strategies that safeguard the global commons. We had science on our side: we could point to rising greenhouse gas emissions, overconsumption, the destruction of natural habitats, the loss of biodiversity.

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We could even point to clear wins — greater efficiency, reduced climate risks — for businesses investing in sustainability. But we could not show conclusively that markets reward sustainable companies more than carbon-intensive ones. Now we can. Investors appear to be doubling down on sustainable companies and sectors in response to our overlapping health, economic and environmental crises. That is roughly the same as the whole of and about four times as much as in Furthermore, our research shows that businesses with higher environmental, social and governance ESG standards are more profitable, with 6. Evidence also shows that businesses with long-term sustainable strategies are better at addressing short-term challenges. Around the world, entire economic sectors, such as tourism, have been devastated by the pandemic. Countless businesses large and small are struggling.

Hundreds of millions of people have lost their jobs. Companies understand that their survival depends on how they click here to the cataclysm unleashed by Covid and climate change.

Focusing on the The Greatest Challenge For Sustainable Development Goals or most pressing emergency, such as the collapse in demand for their services or a broken supply chain — or reaching for solutions that have worked in the past — would be mistaken. Https://amazonia.fiocruz.br/scdp/blog/gregorys-punctuation-checker-tool/childrens-versions-of-the-cantebury-tales.php will remain vulnerable to future systemic shocks like pandemics and the worsening effects of global warming if they carry on as before.

There are enormous opportunities for the private sector in the transition to a sustainable, climate-safe future.

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These exist not only in new sectors such as renewable energy and electric vehicles, but also in bringing sustainable practices and innovations to traditional ones like agriculture and manufacturing. Already, more than 1, companies representing 20 per cent of the total value of global stock markets are committed to taking science-based climate action. More than of them are also committed to science-based targets through the Business Ambition for 1. Science tells us this is the tipping point for irreversible climate change and that to avoid this precipice, we need to reduce global emissions by half in the next decade.

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Joining Greatfst Science Based Targets initiative is not only good for the planet, it is good for the bottom line. In a survey by the organisation, 63 per cent of https://amazonia.fiocruz.br/scdp/blog/culture-and-selfaeesteem/a-study-on-stock-market-return-volatility.php that have adopted science-based emission reduction targets says it has helped drive innovation; 55 per cent say it has made them more competitive; 52 per cent report it boosts investor confidence; Challengs 35 per cent say it has made them more resilient to regulatory risk. Unilever, another science-based target pioneer, is focusing its efforts on sourcing products sustainably, particularly those that come from farms and forests.

A crisis can often become a catalyst for change. A global emergency as bad as this one demands a fundamental rethink. Businesses taking urgent climate action are showing the way forward. Sustainable, more resilient businesses contribute to healthier communities, and as stock markets are now telling us, create wealthier shareholders too. To register and find out more information visit: hopin.

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