Planet Tracker’s latest report, Voting against Nature, assesses 26,587 votes cast on biodiversity proposals and found that only 7%, of votes provided shareholders’ reasoning for the decision, and those that did were largely when the vote was in favour.
Planet Tracker’s latest analysis of CA100+ companies reveals that Unilever’s current emissions mitigation strategies are falling short of a 1.5°C pathway, missing emission targets set by the Science-Based Targets initiative (SBTi) by 45% when it comes to total GhG emissions, leaving it on track for a 2ºC warming scenario by 2030. The consumer goods giant is exposed to overall financial risk of 42% of its current three-year annual operating profit by the end of the decade, around USD 4.4 billion.
Analysis from Planet Tracker finds diversifying farmed seafood production can close supply gap while tackling biodiversity risks.
To have any hope of limiting climate heating to 1.50C: stopping deforestation and cutting methane emissions by 45% before 2030 are essential to meet our interlinked climate, nature and development goals and significantly reduce the food system’s GhG footprint. Transforming the energy system alone will not be sufficient. Unfortunately, many financial institutions have been ignoring the problems of deforestation and methane emissions for far too long. 61% of financial institutions covered by Global Canopy’s latest Forest 500 survey do not have any policies to tackle deforestation in their lending or investment portfolios. With only seven years left to achieve these targets, action must be taken now.