Etsy s annex office in Hudson, New York. Courtesy of Etsy.
Scope 3 emissions are the hardest emissions for companies to address when setting goals. But often, they are the most emissions to take on. For Etsy, the e-commerce marketplace known for handmade items such as jewelry, art and apparel, Scope 3 emissions make up 99 percent of the company s carbon footprint. That s why it s prioritizing engagement with sellers in its marketplace to drive down emissions.
The ambition is part of the company s net-zero carbon emissions by 2030 goal, which it set in February. I know many companies have different definitions of net-zero. We are definitely following the Science-Based Targets Initiative’s (SBTI) forthcoming emerging definition around net-zero, said Chelsea Mozen, director of sustainability at Etsy, who as one of the company’s first sustainability hires has helped build its strategy from the ground up.
March 15, 2021
Dust storms are a hazard of climate change, yet leading financial disclosure initiatives fail to include this and other hazards in their physical climate risk assessment guidance. Photo by Caleb Holder on Shutterstock.
This article originally was published on World Resources Institute.
The record-breaking wildfires and hurricanes of 2020 may not stand out as the worst catastrophes in a year defined by compounding crises. But these natural disasters are among the long list of physical climate hazards becoming more frequent and intense. Globally, natural disasters caused $210 billion in damages in 2020, $95 billion in the United States alone.
Scientific evidence tells us these trends will only worsen as global temperatures rise, taking a toll on human life, infrastructure, economic activity and financial stability especially if risks continue to go underpriced. By 2100, climate change could cost the global economy hundreds of trillions of dollars.
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In the few short weeks since our last report on climate change and the US insurance industry, the volume of climate change news has been extraordinarily high. The range of developments has been broad to say the very least from fund managers announcing new offerings said to be green and sustainable, to critics denouncing fund managers falling short on sustainability, to Aviva, Citibank and Generali (and others) publishing sustainability achievements or new targets to achieve net-zero emissions, to advances by developers and providers of climate change standards and metrics (
<p><span>In light of demand for climate change information and questions about whether current disclosures adequately inform investors, public input is requested from investors, registrants, and other market participants on climate change disclosure.</span></p>
IFAC pushes for accountants to measure sustainability accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.