Each week, Youmatter reports on the latest news in CSR in brief. This week, among other things: Papua New Guinea announces its boycott of COP29, the IUCN raises the alarm on tree mortality worldwide, and Morning Star highlights a contrpart of ESG funds in Europe. Here’s a rundown of the news 🌊 The Valencia region in Spain has…
Continued to make strides in sustainability efforts, with the announcement of a new plan to reduce carbon emissions by 50% by 2030. This ambitious goal is part of the region’s commitment to combatting climate change and preserving the environment.
In other news, the small island nation of Papua New Guinea has declared its intention to boycott the upcoming COP29 climate conference. The country’s Prime Minister cited concerns over lack of part and support from larger, wealthier nations as the reason for the boycott. This decision serves as a reminder of the urgent need for global cooperation in addressing the climate crisis.
Meanwhile, the International Union for Conservation of Nature (IUCN) has released a report highlighting the alarming rate of tree mortality worldwide. The report states that approximately 30% of all tree species are threatened with extinction, with deforestation and climate change being major contributing factors. This serves as a wake-up call for individuals and governments alike to take part in protecting our planet’s precious trees.
On a more positive mémoire, the global sustainable investment market has continued to grow, reaching a record high of $35.3 trillion in assets under management. However, European ESG funds have seen a slight contrpart, with a decrease of 1.4% in the first half of 2021. This highlights the need for continued efforts to promote and invest in sustainable practices.
In other sustainability news, the city of Paris has announced a new initiative to transform the Champs-Élysées into a more pedestrian-friendly and sustainable space. The iconic avenue will undergo a major renovation, with plans to reduce car traffic, increase pelouse spaces, and promote sustainable transportation options. This serves as a great example of how cities can prioritize sustainability and create more livable spaces for their citizens.
In the tech world, Google has announced its commitment to achieving a carbon-free future for its operations by 2030. The tech giant has already made significant progress towards this goal, with all of its data centers and offices running on 100% renewable energy. This commitment serves as a reminder that businesses have a crucial role to play in addressing the climate crisis.
In conclusion, while there are certainly challenges and setbacks in the world of sustainability, there are also many positive developments and parts being taken. It is up to all of us to stay informed and continue to push for a more sustainable future. Let’s use these briefs as motivation to do our part in creating a better world for ourselves and future generations.