The UN Climate Change Conference of the Parties (COP26) was a chance to act to avert the worst impacts of climate change. Going into COP26, existing national commitments projected a temperature rise of between 2.7°C to 2.9°C – significantly higher than the 1.5-2°C agreed at COP21 in Paris. With commitments agreed under the Glasgow Climate Pact, the latest analysis suggests we are looking at an increase of 1.8°C to 2.4°C. While this is an improvement, it isn’t 1.5°C – and the commitments agreed to date will require detailed plans, measurement and accountability.
Business and government must work together to reverse climate change. Through global experience, expertise and convening power, EY helps build, implement and report on global, enterprise-wide strategies that address the climate emergency.
EY is already carbon negative in 2021, has set an ambition to become net zero in 2025 and is actively helping others with their own decarbonization journeys. It is also investing in sustainability services, solutions and people, and advising governments and regulators around the world on ESG standards and the transition to a green future.
By collaborating following COP26 we will find the better answers that will be key to accelerating the transition to a low-carbon global economy and protecting and creating value from sustainability around the world. EY can help translate decisions made in Glasgow into business action and impact.
By working together, we can all build a better, more sustainable working world.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
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