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Are the 500 largest businesses in the world (Global 500) reducing their greenhouse gas (GHG) emissions at a rate that follows the global scientific consensus on the risks of climate change? As a group, they were not in our prior reports covering performance from 2010 through 2013, and they are not now, according to the most recent data, current to the beginning of 2016. However, the gap, or the difference, between actual performance and Intergovernmental Panel on Climate Change (IPCC) guidance is now improving slightly, offering some grounds for hope coming out of COP21. In addition to this updated gap analysis, this report will seek to engage with the Global 500 and their stakeholders by creating a new “sustainable growth view,” which will provide insight into how companies are performing with respect to growing their businesses while at the same time reducing their emissions. This approach adopts the operating assumption coming out of COP21 that the world will and should continue to grow economically, but only by decoupling that growth from GHG emissions and decreasing them in a manner consistent with warming less than 2° C. Finally, we will also provide an update on the latest planetary trends to put the private sector progress, or lack thereof, in a planetary frame of reference.

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Date Of Record Release 2017-07-21 11:56:00
Description Are the 500 largest businesses in the world (Global 500) reducing their greenhouse gas (GHG) emissions at a rate that follows the global scientific consensus on the risks of climate change? As a group, they were not in our prior reports covering performance from 2010 through 2013, and they are not now, according to the most recent data, current to the beginning of 2016. However, the gap, or the difference, between actual performance and Intergovernmental Panel on Climate Change (IPCC) guidance is now improving slightly, offering some grounds for hope coming out of COP21. In addition to this updated gap analysis, this report will seek to engage with the Global 500 and their stakeholders by creating a new “sustainable growth view,” which will provide insight into how companies are performing with respect to growing their businesses while at the same time reducing their emissions. This approach adopts the operating assumption coming out of COP21 that the world will and should continue to grow economically, but only by decoupling that growth from GHG emissions and decreasing them in a manner consistent with warming less than 2° C. Finally, we will also provide an update on the latest planetary trends to put the private sector progress, or lack thereof, in a planetary frame of reference.
Classification
Resource Type
Format
Subject
Keyword Greenhouse Gases, Greenhouse Gas Emissions, Climate Change, Business, Private Sector, COP21, IPCC
Date Of Record Creation 2017-07-21 11:51:59
Education Level
Date Last Modified 2017-07-21 11:56:00
Language English
Date Record Checked: 2017-07-21 11:51:59 (W3C-DTF)

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