Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • June 2016
06

Business could cut 60% of gas emissions pledged in Paris by 2030

Open-access content Tuesday 28th June 2016 — updated 5.50pm, Wednesday 29th April 2020

By 2030, businesses could cut its greenhouse gas emissions globally by 3.7 billion of metric tones of carbon dioxide (CO2) per year, according to a report published today.

2


This is equivalent to 60% of total emission cuts pledged by all countries in the Paris Climate Agreement, also known as COP21.

Based by a study conducted by New Climate Institute and CDP (formerly known as the Carbon Disclosure Project), the report examines what five global climate action initiatives could achieve if businesses were to join them.

These initiatives are: RE100 - where companies commit to 100% renewable power; EP100 - where firms devote to doubling their energy productivity; Science Based Targets - where businesses set emission reduction targets based on keeping temperature change below 2ºC; Zero De-forestation - which sees firms commit to the non-use of commodities that cause deforestation by 2020; and the Low Carbon Technology Partnerships Initiative - where companies work to develop and use low carbon technology in their industries.

Under current plans where firms voluntarily join these initiatives, the amount of CO2 emissions saved by 2030 is 3.7 billion of metric tonnes a year.

However, under the best case scenario, if all relevant companies signed up - possible as a result of changes in regulation or government policies - the figure could reach 10 billion.  

The report also estimated the number of companies signing up to these initiatives could rise from 300 today to more than 3,500 by 2030. 

CDP's CEO Paul Simpson said: "This report makes it clear that businesses will have an enormous role to play in enabling the global economy to achieve - and exceed - its climate goals. With this potential comes great opportunity to build resilience, innovate and safeguard future profitability. 

"The only way is up for business action on climate change. But we must not head into this future blind: Disclosure of climate information will be essential to keep track of corporate progress, spur greater action and help business achieve its ambition."

This article appeared in our June 2016 issue of The Actuary.
Click here to view this issue
Filed in
06
Topics
Environment

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Life Actuarial Trainee

England
Up to £55000.00 per annum
Reference
145815

Catastrophe Manager - Top Performing Syndicate

England, London
£70000 - £94000 per annum
Reference
145814

Senior Pricing Analyst

London, England
£40000 - £80000 per annum
Reference
145813
See all jobs »
 
 

Today's top reads

 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ