Boston Consulting Group's (BCG) latest report reveals that 85% of investors plan to prioritize sustainability in the next three years, driving private equity firms to accelerate their net-zero efforts.

The latest GRESB (Global Real Estate Sustainability Benchmark) 2024 ESG Benchmark reveals a significant increase in net zero targets among real estate participants, with 65% now committed to achieving net zero emissions. This marks a notable shift towards sustainability in the real estate sector.

The Science Based Targets initiative (SBTi) has removed the net-zero commitment status for 239 companies, including major players like Microsoft, Procter & Gamble, Unilever, and Walmart, due to challenges in meeting ambitious emission reduction targets. These companies collectively represent over $4 trillion in market capitalization and struggle particularly with reducing Scope 3 emissions. SBTi is reviewing its Corporate Net-Zero Standard to provide clearer guidelines by 2025. Despite the setback, companies are reaffirming their sustainability commitments and engaging with SBTi to validate their targets, emphasizing ongoing efforts to align with the Paris Agreement goals.

The World Resources Institute recently published, “The State of Climate Action 2023”. This report provided insight into a roadmap that the world can follow to reach the agreed-upon 1.5℃ degree target in each high-impact area of the market.

On November 20th, the United Nations released its 2023 Emissions Gap Report with an eye-catching headline, “Broken Record; Temperatures hit new highs, yet world fails to cut emissions (again)”. This report is the 14th annual edition in a series written by the world’s top climate scientists to look at future trends in global warming.