Planet Tracker previously highlighted the negative environmental impacts of deep sea mining – but there’s another factor to consider – the minimal financial benefits for countries do not outweigh these negative impacts on the planet.
While proponents of deep sea mining argue it is needed to meet future demand for energy transition minerals, questions are beginning to be asked about the economic risk deep sea mining could pose to countries that mine these metals on land. By analysing the 12 biggest countries mining copper, cobalt, nickel and manganese, Mining for Trouble aims to highlight the value at risk to these economies if deep sea mining was to be green lit.
As the International Seabed Authority (ISA) is currently debating whether to allow deep sea mining in international waters, Race to the Bottom analyses the taxes and royalties countries could receive, revealing insignificant economic returns. According to Planet Tracker, there is no financial justification for deep sea mining, yet the environmental impact is vast.
Planet Tracker has released the third update of its Nature Scorecard, adding a further 178 companies, reflecting the latest developments in corporate biodiversity commitments and natural capital. It now incorporates the latest Taskforce on Nature-related Financial Disclosures (TNFD) adopters as well as those included in the Morningstar Sustainalytics’ Biodiversity and Natural Capital Thematic Stewardship Programme. The Nature Scorecard serves as a vital resource for stakeholders monitoring the evolving landscape of biodiversity stewardship and aims to equip stakeholders with essential insights to drive impactful nature-related reporting.
This Nature Scorecard examines over 470 corporates which are involved in nature-related frameworks and initiatives. It analyses corporate involvement across 3 voluntary (TNFD early adopter, SBTN submission or appointment of a nature executive ) and 3 involuntary frameworks and initiatives (Nature Action 100, PRI Spring, Forest 500 score) – i.e. being named by investors as a nature focus companies whether they like it or not.
Dow, the global chemical company aims for carbon neutrality by 2050. However, analysis by Planet Tracker suggests Dow’s mid-term climate strategy is not ambitious enough to align with the well-below 2°C pathway, instead aligning closer to a 3°C warming scenario by 2030.
Based on Planet Tracker’s assessment, to meet the well-below 2°C pathway by 2030 and its 2050 carbon neutrality goal, Dow would need to set more ambitious reduction targets, clearly link its investments to emissions reductions, and improve transparency in its sustainability initiatives.
Planet Tracker joins with Vizzuality for a “nature footprinting” study which highlights the urgent need for corporations to improve supply chain traceability.
Planet Tracker and Vizzuality have partnered on a “nature footprinting” study, highlighting how external analysis can expose a company’s environmental risk hotspots, even without full procurement data. This report features Nestlé as a case study and underscores the critical role transparency plays across supply chains. With technology advancing, companies that don’t adopt advanced traceability systems are exposed to rising reputational risk.
Report from Planet Tracker urges investors to address the financial risks associated with toxic chemicals, which are key drivers of environmental damage, as well as being responsible for chronic and acute impacts on human health.
The release of novel entities — artificial chemicals and other human-made pollutants — into the biosphere, has accelerated to a point that they have exceeded their planetary boundary, threatening the Earth operating system, along with humanity. Planet Tracker’s latest report, ‘Novel Entities – A Financial Time Bomb’, presents a detailed analysis of the risks of one of Earth’s nine boundaries, novel entities. The report highlights their risk to both human and planetary health and warns investors of the significant financial risk they face from not considering their potential impact.
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