Planet Tracker

📢 70 international financial institutions representing assets worth USD 6.8 trillion are calling on petrochemical companies to address plastic pollution issues. Petrochemical companies are a major contributor to plastic production, which is forecast to triple by 2060, meaning petrochemical companies will become the primary driver of oil demand growth. As the plastic pollution crisis mounts and demands for a Global Plastics Treaty grow, petrochemical companies have stalled progress in negotiations by: 1.    Resisting calls to include the full life cycle of plastics 2.    Opposing the reduction of plastic production 3.    Opposing the inclusion of polymer production in the treaty Petrochemical companies are exposed to significant plastics-related risks, which are financially material for corporates and their investors. Therefore, the collective Investor Statement requests petrochemical companies to: ➡ Disclose and define strategies ➡ Address toxic polymers and chemicals ➡ Develop sustainable infrastructure ➡ Establish governance ➡ Support international agreements Read the Investor Statement here: 👉 https://lnkd.in/dUrhB9fB #BeatPlasticPollution #GlobalPlasticsTreaty #PlasticPollution #Petrochemicals #ToxicChemicals #FossilFuels #INC4 #PlasticRisk #UpstreamSolutions #ClimateChange #Stewardship #ResponsibleInvestors 

Why does Dow need to raise its climate transition ambition ❓ The global chemical company aims for carbon neutrality by 2050. However, Planet Tracker’s analysis suggests Dow is likely to align with a 3°C warming scenario by 2030, rather than the well below 2°C pathway. Evidence shows that: ➡ Dow’s interim climate targets fall short of alignment with the Paris Agreement and lag behind industry peers. While Dow plans a 15% reduction in Scope 1 and 2 emissions by 2030, competitors like BASF and Bayer have set more ambitious reductions ranging from 25% to 42%. ➡ Dow has not set a Scope 3 emissions target for 2030, despite these emissions accounting for over 70% of the company's total carbon footprint. Why should the company and its investors care? 🚨 Delay is financially risky: by 2030 Dow could face annual carbon pricing costs of up to USD 1.9 billion without a clear mitigation strategy. Swipe to learn how Dow can turn the tide and align with the Paris Agreement. Learn more in our latest report 👉 https://lnkd.in/ekAN-zte #ClimateTransition #Greenwashing #ParisAgreement

It was an honour for the Planet Tracker Team at #COP16 to meet with Basile van Havre. As Co-Chair of the Open-ended Working Group on the Global Biodiversity Framework (#GBF) he was crucial, along with his Co-Chair partner Francis Ogwal, in delivering the GBF, which has been ratified by 196 countries. Thank you to Brigid Shea of FinDev Canada for hosting such a wonderful networking event. Arianna Manili #Canada #KMGBF

I was delighted to present on behalf of Planet Tracker our findings on the hidden impact of #water on industry and finance. For example, one-third of data centres in the US are in areas of high or extremely high areas of water scarcity. Will AI help solve this issue With thanks to the #Netherlands 🇳🇱Pavilion and Partners for Water for this opportunity at #COP16 in Cali. #waterscarcity #AI #datacenter #Cali #industry #finance

Thank you to ShareAction and Alexandra Pinzon for inviting Planet Tracker to join a panel on how investor action on hazardous chemicals can promote biodiversity goals. Also a shout-out to Finance for Biodiversity for making their pavilion available. Major takeaways: - asset managers often struggle to obtain information on chemical production from companies - regulations can allow chemical producers to hide the composition of substances for commercial purposes - mapping financiers and investors to particular chemicals can be done, but it’s challenging - see https://lnkd.in/e9qPPhNu - it is challenging for the financial markets to calculate the risk associated with hazardous substances. Are they a company (specific) or market (systemic) risk and when? See https://lnkd.in/enw3pTYx For investors, help is available: - for pesticides see the ShareAction Pesticides Working Group - https://lnkd.in/ek6BCXF9 - the chemical sector is regarded as a priority industry by the Nature Action 100 - sign up to the Planet Tracker Investor Statement on Petrochemicals - https://lnkd.in/eXtm2r72 If you want to read case studies on novel entities please see read ‘Novel Entities: A financial time bomb’ at https://lnkd.in/eXTTvVZs Stephanie Baima, Varvara Shershneva, Alexandra Pinzon #biodiversity #nature #chemicals #hazardouschemicals #pollution #chemicalpollution #novelentities

We’ve reached the halfway point of #COP16 in Cali 🇨🇴, and a range of interesting ideas is emerging, highlighting global efforts to address biodiversity loss. This year, there’s notable participation from the business and finance sectors, indicating a growing commitment to these issues. Discussions on #naturedata and #naturetransitionpathways are central, but I find it particularly valuable to see diverse perspectives and collaborative solutions being presented. I look forward to engaging in the upcoming #BusinessDay and #FinanceDay and participating in the negotiations, hoping for meaningful outcomes. Planet Tracker UN Biodiversity

Fantastic to see this Latin American leadership and the potential it has to catalyse global action on climate, nature and food systems 👏 Planet Tracker is proud to be one of the 70 signatories of this open letter. #PeaceWithNature 

💲Can reallocating subsidies close the nature financing gap? 🌱 Current finance flows of $200 billion to nature-based solutions are swamped by flows of $6.7 trillion with direct negative impacts on nature, the United Nations Environment Programme Finance Initiative (UNEP FI) finds. Mobilising nature finance has been a key issue under discussion at COP16: presently, funding for nature-based solutions is roughly one-third of the $542 billion needed annually by 2030 to meet international climate, biodiversity, and land restoration goals. 💡 Reallocating harmful subsidies to nature-based solutions could be the key to bridging these gaps. However this can be difficult to do in practice: subsidy reform can be politically challenging, as cases in Nigeria and Mexico illustrate. Yet, successful examples, such as New Zealand, India, and Germany, provide cause for optimism. Explore why in our latest blog 👉 https://lnkd.in/eze8C33c #NatureFinance #SubsidyReform #NatureBasedSolutions 

Excited to see the launch of Integrating Nature Tech: A Guide for Businesses with Nature4Climate, Nature Tech Collective , KPMG, and Climate Collective. This report is a critical resource for businesses to explore how cutting-edge nature tech solutions can accelerate sustainability goals and enhance corporate accountability. Find the link to the report below ⬇

Missed our Pre-COP16 (Biodiversity)/COP29 (Climate) Briefing Session? Catch up on all the key insights by watching the recording here 👉 https://lnkd.in/dmfYSW7T This Pre-COP16/COP29 webinar, hosted in collaboration with the Global Ethical Finance Initiative (GEFI), is the first of a two-part series addressing the interconnected climate and biodiversity challenges. 📆 Mark your calendars for our next webinar on 26th November 2024, where we will discuss the outcomes from COP16 and COP29, and dive into the achievements and challenges. Register for the next session here 👉 https://lnkd.in/d4RAApvT #COP16 #COP29 #ClimateAction #BiodiversityFinance #Sustainability