PUBLICATIONS

Planet Tracker voted Best Sustainable Investment Research Team

Planet Tracker has been honoured with the prestigious Best Sustainable Investment Research Team award at the 2023 Investment Week Sustainable Investment Awards.

TNFD addresses plastic disclosures in new recommendations

The final TNFD Recommendations on nature-related issues have just been released after two years of development. Three main changes were identified in this final version, in response to the feedback the TNFD received through its consultation rounds – engagement on social issues, disclosing sensitive locations and value chain transparency.

Plastics industry ‘all wrapping and no substance’ as it fails to tie compensation to sustainability goals

A new report “Plastics – Executive Compensation”, analysing the pay-performance plans of 39 leading plastic players, including ExxonMobil, Saudi Aramco, Costco and Mars finds that the industry is failing to tie executive pay to environmental, social and governance (ESG) performance, despite facing one of the longest risk registers of any sector.

Agriculture’s pathway – how financial markets can help

The ‘Breakthrough Agenda’ Report (2023) provides a valuable insight into the low-carbon transition pathway for the global agricultural sector. It is not a comforting read. The sector’s progress report ranks each measure as either showing minimal or modest progress. But the good news is that financial instruments, such as a deforestation-linked sovereign bond, could help deliver a faster transition.

Global Plastics Treaty headwinds

As negotiations for a Global Plastic Treaty are soon to enter their third round, the UN is providing the opportunity for sovereign states to tackle the global plastic pollution crisis. The Zero Draft option paper quite rightly includes a reduction in fossil-based plastic as part of the solution. The UN deserves more support from politicians to ensure that the fossil fuel industry does not assign this opportunity to the waste pile along with the plastic it produces.

Robin Millington named Global Sustainable Business Leader of the Year

We are so proud that Planet Tracker’s CEO, Robin Millington, has been awarded Sustainable Business Leader of the Year, Global, by the Environmental Finance Sustainable Company Awards judges.

Nearly half of plastic companies have no link between executive pay and sustainability goals, despite nearly all being publicly committed to sustainability policies. Over half (54%) of companies do not set Science-based targets. With the top 25 independent shareholders holding a combined USD 1.1 trillion and the plastic industry facing one of the longest risk registers of any sector, investors should extend pay performance policies beyond purely financial metrics and include sustainability-linked elements.

A new analysis of German multinational pharmaceutical and biotechnology company Bayer finds that the company shows extremely modest plans to reduce its Scope 3 emissions, despite these accounting for over three quarters of its emissions. Although the company is committed to ambitious climate targets, including to become Net Zero by 2050 across its entire value chain, there is no roadmap for investors to show how it will achieve this.

This analysis of three leading consumer goods companies with a combined market cap of USD 538 billion reveals a systematic failure to tackle upstream Scope 3 emissions effectively and allows investors to compare company climate transition plans and identify best practices for alignment with 1.5ºC by 2030. Planet Tracker calls on these companies and other industry peers to prioritise the reduction of upstream Scope 3 emissions, given the substantial economic and market risks associated with inaction.

A new analysis of 8,200+ documents shows that while plastic risk disclosures are rising, this is happening  selectively, as 83% of documents from the plastic value chain still make no mention of plastic-related risks. Most plastic risk disclosures focus on circularity, accounting for 73% of all risk disclosures. References to feedstock and pollution were minimal, while mention of toxins, microplastics and refillables were even rarer.

 

Carbon Tracker and Planet Tracker welcome the opportunity to respond to the European Commission’s (“the Commission”) consultation on the draft European Sustainability Reporting Standards (ESRS) Delegated Act. Carbon Tracker’s Policy and Engagement Team – working with the Accounting, Audit and Disclosure Team, and Oil, Gas and Mining Team – have provided general comments as part of this consultation. In addition, Planet Tracker has provided specific comments on the main text of the draft delegated act (covering ESRS disclosures E1 to E5).

A new analysis of German multinational chemicals company, BASF, finds that the company is failing to meet its stated climate goals of Net Zero emissions by 2050 and is instead relying on unproven future technologies. While the company has announced plans to target Scope 1 and 2 emissions, it has no target for Scope 3, those produced indirectly along supply chains, which account for nearly 83% of its emissions.