The first six months of 2021 have resulted in major new developments on the climate change agenda, as pressure on businesses from financial, political, and societal stakeholders has accelerated. With climate change firmly established as a critical issue for companies, Brunswick provides an update on the major themes and what this means for business.
Half-Time to COP26: Climate Pressures Accelerate in 2021
This year has seen a number of major new developments on the climate change agenda, as pressure on businesses from financial, political, and societal stakeholders has accelerated.
With climate change firmly established as a critical issue for companies, this note provides an update on the key ways in which climate pressures are being manifested, including:
- Increased ambition from governments on climate targets and policy
- International moves towards new disclosure requirements for companies
- Landmark investor activism cases
- Significant cases of climate litigation
- Increased ambition and action from companies
Altogether, these developments highlight an increasingly complex set of risks which companies must navigate relating to climate. With further scrutiny and new announcements expected in the run-up to the major international climate summit, COP26 (which will be held in Glasgow, UK, 1st – 12th November), a robust and comprehensive climate strategy is increasingly a requirement for corporates seeking to build trust across political, societal, and financial stakeholders.