Planet Tracker

📢 70 international financial institutions representing assets worth USD 6.8 trillion are calling on petrochemical companies to address plastic pollution issues. Petrochemical companies are a major contributor to plastic production, which is forecast to triple by 2060, meaning petrochemical companies will become the primary driver of oil demand growth. As the plastic pollution crisis mounts and demands for a Global Plastics Treaty grow, petrochemical companies have stalled progress in negotiations by: 1.    Resisting calls to include the full life cycle of plastics 2.    Opposing the reduction of plastic production 3.    Opposing the inclusion of polymer production in the treaty Petrochemical companies are exposed to significant plastics-related risks, which are financially material for corporates and their investors. Therefore, the collective Investor Statement requests petrochemical companies to: ➡ Disclose and define strategies ➡ Address toxic polymers and chemicals ➡ Develop sustainable infrastructure ➡ Establish governance ➡ Support international agreements Read the Investor Statement here: 👉 https://lnkd.in/dUrhB9fB #BeatPlasticPollution #GlobalPlasticsTreaty #PlasticPollution #Petrochemicals #ToxicChemicals #FossilFuels #INC4 #PlasticRisk #UpstreamSolutions #ClimateChange #Stewardship #ResponsibleInvestors 

🌊 Do the financial benefits of deep sea mining outweigh the environmental costs? As the International Seabed Authority (ISA) debates whether to authorise deep sea mining in international waters, Planet Tracker’s latest report analyses the taxes and royalties countries could receive, revealing insignificant economic returns.   Our research reveals there is no financial justification for deep sea mining, yet the environmental impact is vast. Deep sea mining would cause significant, permanent damage to deep sea ecosystems and the broader ocean systems they support. In light of this, we urge governments and investors to: ➡ Consider the potentially vast and irreparable environmental damage and financial risk ➡ Support a moratorium on deep sea mining (https://lnkd.in/epQ3nueN) Learn more in our latest report ‘Race to the Bottom’ 👉 https://lnkd.in/eDHCaSRv #DeepSeaMining #Moratorium #ISA #GlobalCommons #Oceans Deep Sea Conservation Coalition (DSCC)

🌐 Meet the Planet Tracker team at INC-5, the final round of United Nations Global Plastic Treaty negotiations. Our Head of Engagement, Nicole Kozlowski, will be attending INC-5, in Busan, South Korea from 22nd to 29th November. If you’re curious about our plastics and petrochemical research, or the Petrochemical Investor Statement (https://lnkd.in/dUrhB9fB), don’t hesitate to get in touch. 📧 Please email nicole@planet-tracker.org if you’d like to meet. #INC5 #GlobalPlasticsTreaty #BeatPlasticPollution #Petrochemicals

Planet Tracker has released the third update of its Nature Scorecard, adding a further 178 companies, increasing coverage to over 1,500 companies. The Scorecard reflects the latest developments in corporate biodiversity commitments and natural capital. It now incorporates the most recent Taskforce on Nature-related Financial Disclosures (TNFD) adopters as well as those included in the Morningstar Sustainalytics’ Biodiversity and Natural Capital Thematic Stewardship Programme. The Nature Scorecard serves as a vital resource for stakeholders monitoring the evolving landscape of biodiversity stewardship and aims to equip stakeholders with essential insights to drive impactful nature-related reporting. View the full list of companies 👉 https://lnkd.in/eRC_6rn9 Learn more about these new additions 👉 https://lnkd.in/ePJJjkd9 #Biodiversity #NaturalCapital #Stewardship #CorporateResponsibility

Insights from COP16: Key takeaways for financial institutions from the UN Biodiversity Conference Curious about the key discussions from the UN Biodiversity Conference (COP16) in Cali, Colombia? Planet Tracker's Director of Research, John Willis, and Senior Policy Officer, Arianna Manili, summarise the most pressing issues that emerged for financial markets, focusing on several critical themes: ➡ Nature Data – there is loads of it; processing is the problem ➡ Nature Transition Plans – plenty of plans are available, with more to come ➡ Funding Gaps – can subsidies be realigned? ➡ Use of Digital Sequence Information ➡ Social Considerations – indigenous communities to the fore ➡ Government Policy: Where Does Nature Fit In? ➡ Oceans in the Mix – back on the agenda Read our blog (https://lnkd.in/e6WvkMku) for an overview of these vital topics and their implications for the future of biodiversity. Special thanks to Benjamin Von Wong for creating this iconic Biodiversity Jenga 👏 #COP16 #Biodiversity #Nature #Sustainability #PlanetTracker #NatureData #Oceans #NatureFinance #NatureBasedSolutions

Recap of the first week of the United Nations Biodiversity Conference - #COP16 in Cali 👉 In the first week of COP16, we had the pleasure of joining ShareAction, Ceres, Inc., and Planet Tracker in a discussion on how investor action on hazardous chemicals can contribute to biodiversity goals. Back then, there was high hope that a breakthrough on nature was finally within reach. This weekend, negotiations in Cali concluded without consensus on most major items. The gridlock is, as always, money. The funding gap is widening, alongside the volume of environmentally harmful subsidies which should have been, in fact, repurposed. Whereas policymakers lose ambition to reach targets set for 2030, global economies and savings still must be sheltered from losses related to the disruption of nature. What can asset managers do to protect clients from these risks? At Erste Asset Management we believe that integrating nature into investment decisions is, while crucial, not sufficient. A holistic, systems-level engagement approach — fostering constructive dialogue with portfolio companies and policymakers — is what will get us there. Today, nature-related disclosures are dominating investor conversations and for good reasons. However, meaningful investor stewardship does not require new taxonomies, reports, and satellite data. At the same time, engagement could easily be the most effective nature-positive investment strategy, with plenty of room for the industry to make it more effective. For our part, this year we joined several collaborative engagements on nature and led a few of them. We have a handful of projects lined up for the remainder of this year and into 2025. Read more in our next Engagement Report, which will be released next year on our website 👉 https://lnkd.in/db9bwVsf

Why does Dow need to raise its climate transition ambition ❓ The global chemical company aims for carbon neutrality by 2050. However, Planet Tracker’s analysis suggests Dow is likely to align with a 3°C warming scenario by 2030, rather than the well below 2°C pathway. Evidence shows that: ➡ Dow’s interim climate targets fall short of alignment with the Paris Agreement and lag behind industry peers. While Dow plans a 15% reduction in Scope 1 and 2 emissions by 2030, competitors like BASF and Bayer have set more ambitious reductions ranging from 25% to 42%. ➡ Dow has not set a Scope 3 emissions target for 2030, despite these emissions accounting for over 70% of the company's total carbon footprint. Why should the company and its investors care? 🚨 Delay is financially risky: by 2030 Dow could face annual carbon pricing costs of up to USD 1.9 billion without a clear mitigation strategy. Swipe to learn how Dow can turn the tide and align with the Paris Agreement. Learn more in our latest report 👉 https://lnkd.in/ekAN-zte #ClimateTransition #Greenwashing #ParisAgreement

It was an honour for the Planet Tracker Team at #COP16 to meet with Basile van Havre. As Co-Chair of the Open-ended Working Group on the Global Biodiversity Framework (#GBF) he was crucial, along with his Co-Chair partner Francis Ogwal, in delivering the GBF, which has been ratified by 196 countries. Thank you to Brigid Shea of FinDev Canada for hosting such a wonderful networking event. Arianna Manili #Canada #KMGBF

I was delighted to present on behalf of Planet Tracker our findings on the hidden impact of #water on industry and finance. For example, one-third of data centres in the US are in areas of high or extremely high areas of water scarcity. Will AI help solve this issue With thanks to the #Netherlands 🇳🇱Pavilion and Partners for Water for this opportunity at #COP16 in Cali. #waterscarcity #AI #datacenter #Cali #industry #finance

Thank you to ShareAction and Alexandra Pinzon for inviting Planet Tracker to join a panel on how investor action on hazardous chemicals can promote biodiversity goals. Also a shout-out to Finance for Biodiversity for making their pavilion available. Major takeaways: - asset managers often struggle to obtain information on chemical production from companies - regulations can allow chemical producers to hide the composition of substances for commercial purposes - mapping financiers and investors to particular chemicals can be done, but it’s challenging - see https://lnkd.in/e9qPPhNu - it is challenging for the financial markets to calculate the risk associated with hazardous substances. Are they a company (specific) or market (systemic) risk and when? See https://lnkd.in/enw3pTYx For investors, help is available: - for pesticides see the ShareAction Pesticides Working Group - https://lnkd.in/ek6BCXF9 - the chemical sector is regarded as a priority industry by the Nature Action 100 - sign up to the Planet Tracker Investor Statement on Petrochemicals - https://lnkd.in/eXtm2r72 If you want to read case studies on novel entities please see read ‘Novel Entities: A financial time bomb’ at https://lnkd.in/eXTTvVZs Stephanie Baima, Varvara Shershneva, Alexandra Pinzon #biodiversity #nature #chemicals #hazardouschemicals #pollution #chemicalpollution #novelentities