Climate change is a systemic threat to the social, economic and financial systems we depend on. A strategic response to systemic climate risk demands that business and investors set and pursue ‘Paris alignment’ or ‘net-zero’ strategies – hundreds of firms are now doing so.
As this new norm develops, business, investors, regulators and legislators must aim to maximise ambitions for reducing real-world greenhouse gas (GHG) emissions and to minimise the risks of ‘greenwash’.
To ensure that bold ambition is translated into real action, we believe that a principles-based approach, supported by clear, non-negotiable ‘Red lines’ can help strike the required balance between flexibility and credibility. Based on a review of existing methodologies, in this Position Paper, we propose three overarching ‘Paris-alignment principles’ and 10(+1) corresponding ‘Red lines’, that we believe should underpin all ‘Paris-alignment’ or ‘net-zero’ claims, initiatives and legislative interventions.
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. You can read our privacy policy here.
Click OK if you consent to use all non-essential cookies or choose your own cookie settings.