Nature and opportunities for the private sector
According to the World Economic Forum's (WEF) Global Risk Report 2024, four of the top five global risks are related to nature: extreme weather events, critical changes in earth systems, biodiversity loss, ecosystem collapse and natural resource scarcity. However, this critical scenario also offers opportunities to develop solutions, and the private sector plays a crucial role in this transition.
A new analysis of CDP reporting data points to the following. three key factors that can catalyzing corporate action emissions to address supply chain emissions. The report mentions that upstream Scope 3 supply chain emissions are 26 times higher than the combined Scope 1 and 2 emissions. Supply chain emissions from the manufacturing, trade and materials sectors alone are 1.4 times higher than total EU CO2 emissions in 2022.
The responsibility of action and accountability rests with two groups: the companies (both the management and the board of directors) and the investors. Boards and management must drive this change internally, while investors must reinforce it through the capital markets.
Boost your corporate climate action with our corporate membership.
