Financial Institutions failing to integrate nature and climate, mixing coffee biochar into concrete can strengthen it by up to 30%, more companies set SBTi targets in 2022 than in the past seven years, and global food insecurity
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A recent CDP report unveils how financial institutions (FIs) neglect nature in decision-making, despite addressing climate concerns. Many FIs lack nature-related integration across governance, strategy, risk management, and metrics. Failure to integrate climate and nature consideration impedes the ability of FIs to completely identify, assess, and disclose their impact, dependencies, risks, and opportunities.
Climate change affects ecosystems, biodiversity, and the availability of natural resources. Similarly, deforestation, loss of biodiversity and water scarcity amplify the climate crisis. Building a green and resilient financial system requires financial institutions to acknowledge their impact on climate and nature. This recognition must drive the adoption of a holistic approach that integrates such considerations into the core of their strategies and decisions.
Recent findings published in the Journal of Cleaner Production demonstrate that engineers have developed concrete almost 30% stronger than the existing standard after mixing coffee-derived biochar. Approximately one-quarter of the sand used in traditional concrete was swapped for the coffee biochar, resulting in a more resilient building material that could also represent a tool for coffee waste management.
Biochar exhibits a range of climate-positive applications, showcasing both its current versatility and untapped potential. It serves as a soil amendment, an activated carbon filter for liquid and gasses, a cleansing animal feed, and a crop yield enhancer; all while removing CO2 from the atmosphere and storing it for centuries to come. Want to learn more about how Biochar projects can work for your goals? Let’s chat.
According to the Science Based Targets initiative (SBTi), the number of companies who established targets in 2022 exceeded the cumulative count over the previous seven years. As of July 2022, the SBTi exclusively approved new target proposals that adhere to the 1.5ºC alignment. This points to a significant rise in the degree of aspiration for corporate climate efforts.
While the growth in science-based targets aligned with 1.5ºC pathways has grown, setting these targets is only the beginning. Achieving these targets requires consideration of various aspects of a company’s operations, strategy, supply chain, and product design. While striving to reduce emissions internally, some emissions might be difficult to eliminate completely. Carbon credits can help offset these unavoidable emissions, ensuring that the overall impact is minimized while emissions reductions initiatives are undertaken.
While July was confirmed to be the planet’s hottest month on record, August helped to drive global food insecurity. From concerns in South America for extreme weather events causing reductions in crops and threats to critical biodiversity and the lives of millions to a shortage of rice hitting the less fortunates after India banned exports of non-basmati white rice in case El Nino would hurt its crops.
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