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Submission to the Climate Change Authority’s Issues Paper – May 2023
Ember urges the Australian government to overhaul its outdated coal mine methane reporting framework, advocating for the adoption of direct, site-specific measurement standards and the establishment of a fossil methane indicator to track progress toward net zero by 2050.
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Document type: Statement
Pedal to the Metal
The report finds that while there is a growing shift toward electric arc furnace (EAF) steelmaking, the transition is too slow to meet IEA Net Zero by 2050 targets. Asia, particularly India and China, remains the hub for new coal-based blast furnace-basic oxygen furnace (BF-BOF) capacity. This continued investment in carbon-intensive technology, alongside persistent global overcapacity, creates a significant stranded asset risk estimated up to US$ 554 billion.
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Document type: Report
NATURE POSITIVE: HOW? STARTING NOW.
The document outlines a significant increase in corporate awareness of nature's role in achieving Net Zero and business resilience between 2020 and 2023. While policy frameworks like the EU Deforestation Regulation and the Global Biodiversity Framework have provided clearer direction, food companies face substantial hurdles due to the complexity of measuring nature-based outcomes compared to carbon. The text emphasizes that food companies are uniquely positioned to impact nature due to their presence in the supply chain and advises a phased approach: identifying nature intersections, taking 'no regrets' actions like eliminating deforestation, engaging directly with farmers, and forming cross-industry partnerships.
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Document type: Fact sheet
Leadership in the Polycrisis: How UK Defense Training Can Help Us Navigate a Future of Unprecedented Environmental Disruption
The document argues that the 'polycrisis'—a state of complex, compounding environmental risks—requires a new category of leadership capable of managing chaotic conditions. Based on research with approximately thirty senior UK defense personnel, the authors identify three core strengths of military leadership: baseline capabilities (physical/mental resilience, values-based leadership, and storytelling), constant rehearsal (simulations and wargaming), and the 'Mission Command' operational concept. The briefing suggests that civilian leaders can adopt these methods to close the 'imagination gap' and maintain agency during environmental destabilization, while also calling for the defense sector to better integrate sustainability into its own doctrine.
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Document type: Briefing
Futureproofing Indian Public Sector Enterprises
The report outlines a diversification framework for Indian Public Sector Enterprises (PSEs) to mitigate financial risks associated with fossil fuel dependency. It details a two-step process involving qualitative and quantitative analyses (SWOT, Porter’s diamond, MCDA, and growth share matrix) to identify and prioritize new business segments. The document applies this logic to Coal India Limited, Indian Railways, and NTPC Limited, highlighting their current efforts in renewable energy, electric mobility, and carbon capture to align with India's net-zero goals.
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Document type: Report
Climate Bonds Guide to Certification ASSETS
The Climate Bonds Standard and Certification Scheme provides a voluntary labelling system for investments and assets consistent with limiting global temperature rise to 1.5C. The guide details the asset certification process, distinguishing between static and dynamic certifications, and specifies the requirements for Level 1 Certification, which applies to assets aligned with 1.5 degree pathways.
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Document type: Guide
Una Guía para Reportar Sobre las Soluciones Climáticas
The document argues that climate coverage must move beyond problem-focused reporting to include evidence-based solutions. It categorizes climate solutions into policy, economy, technology, civil society, and culture, urging journalists to prioritize the political and economic battles over purely technological fixes. The guide emphasizes the urgency for marginalized communities and provides specific examples, such as the US Inflation Reduction Act, to illustrate how to analyze the effectiveness and limitations of climate policies.
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Document type: Guide
In response to climate deniers, insurers must step up climate action
The document addresses the mass exit of insurers from the Net Zero Insurance Alliance (NZIA) following threats of antitrust legal action from 23 US state attorneys general. It asserts that climate change is already destabilizing the insurance business model through soaring catastrophe losses, particularly in North America, and urges insurers to stop funding climate-denying politicians and phase out fossil fuel support.
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Document type: Statement
可持续发展挂钩债券数据库 方法论
The Climate Bonds Initiative (CBI) establishes a methodology to track Sustainability Linked Bonds (SLBs) that support decarbonization. To be included, instruments must be certifiable debt, self-labeled as SLBs or similar, and provide sufficient disclosure of Sustainability Performance Targets (SPTs). CBI assesses these targets against 1.5°C-aligned industry pathways, categorizing bonds as 'Fully-aligned', 'Strongly-aligned', or 'Aligning' based on their consistency with these paths and the presence of comprehensive transition plans. The methodology emphasizes the inclusion of material emissions (Scopes 1, 2, and 3) and utilizes both CBI-specific and third-party pathways (e.g., TPI, SBTi, CRREM) to evaluate various sectors including cement, steel, and aviation.
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Document type: Guide
Setting the Pace
The report examines the economic vulnerability of Canada's oil and gas sector due to declining global demand and increasing price volatility. It argues that a 'business-as-usual' approach risks stranded assets and severe socioeconomic disruption. Drawing on case studies from Denmark, Germany, Illinois, and Colorado, the authors propose a 'policy trifecta' of ambitious climate targets, managed energy phase-downs, and proactive economic diversification to ensure an equitable transition.
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Document type: Report
Societal Transformation Through Long-term Decarbonisation and Climate-Resilience Planning
The document examines Long-Term Strategies (LTSs) as economy-wide planning instruments mandated by the Paris Agreement to guide countries toward net-zero emissions by mid-century. It highlights that while LTSs provide a vital link between short-term Nationally Determined Contributions (NDCs) and long-term goals, global adoption is currently insufficient to limit warming to 1.5°C. For African nations, the author argues that LTSs must balance mitigation with adaptation and socio-economic development. The briefing outlines best practices for LTS development, including policy coherence, stakeholder engagement, high-level political leadership, and the use of strategic foresight tools, while citing specific examples from countries like South Africa, Nigeria, and Ethiopia.
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Document type: Briefing
CLIMATE AMBITION TO ADVOCACY: A framework for responsible policy engagement
The We Mean Business Coalition's framework for Responsible Policy Engagement (RPE) addresses the 'advocacy gap' where corporate climate commitments are not matched by their political influence. It defines RPE as engagement that supports policy interventions to reduce emissions in line with net zero by 2050. The report identifies drivers for RPE, including investor pressure via the Global Standard on Responsible Climate Lobbying and increased scrutiny from civil society and regulators. It outlines a business case for RPE based on risk reduction, regulatory certainty, and reputation. The core of the document is a resource library categorized into five action areas: committing to speak up, establishing governance, direct engagement, aligning trade associations, and allocating advocacy spending. It emphasizes the 'ambition loop,' where corporate advocacy spurs ambitious government policy, which in turn enables companies to meet their own climate targets.
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Document type: Report
Refonte du référentiel du label ISR
Reclaim Finance argues that the proposed ISR label framework lacks sufficient guarantees for investors and requires stronger sectoral exclusions, particularly for unconventional fossil fuels and coal. The organization calls for the label to mandate alignment with a 1.5°C warming scenario, the use of specific scientific benchmarks for transition plans, and increased transparency in shareholder engagement and voting policies.
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Document type: Statement
The Electric School Bus Series: How Austin's School Board Resolution Created a Path for Cleaner Rides for Kids
Austin ISD passed a resolution in September 2022 committing to purchase exclusively electric school buses by 2030 and achieve full fleet electrification by 2035. This transition is aligned with the city of Austin's goal of net-zero community-wide emissions by 2040 and is supported by a $2.4 billion 2022 Bond, which allocated $25.7 million for bus replacement. The district is initiating the transition with a pilot of three electric buses arriving in fall 2023 to test performance across various routes. Key challenges include the higher initial cost of electric buses, which are three to four times more expensive than diesel models, leading to potential funding gaps in initial bond estimates.
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Document type: Case study
Benchmark CA100: an improved but still flawed methodology
Reclaim Finance evaluates the revised Climate Action 100+ benchmark, noting that while it now incorporates IEA Net Zero Emissions by 2050 scenarios and requires disclosure of capital expenditures on carbon-intensive assets, it remains flawed. Key limitations include an over-reliance on disclosure over alignment, a lack of prioritization among indicators, and insufficient requirements for absolute emission reductions and scope 3 emissions in certain sectors.
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Document type: Statement
Stand up for a clean, reliable electricity grid for all Canadians
The Canadian Association of Physicians for the Environment advocates for the Clean Electricity Regulations to ensure a net-zero electricity grid by 2035, emphasizing the need for interim targets and the removal of exemptions for emitting assets. The statement highlights that Canada's electricity sector was the sixth largest source of domestic greenhouse gas emissions in 2020, particularly in Alberta, Saskatchewan, and Nova Scotia. It links the phase-out of coal and gas to significant health benefits, noting that coal causes severe respiratory and neurological issues, while gas plants are associated with adverse birth outcomes and increased hospital admissions for the elderly.
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Document type: Statement
G7 countries must not leave room for fossil fuels climate destruction
A coalition of 181 organizations calls on G7 leaders to end the promotion of 'false energy transition solutions'—specifically Japan's Green Transformation (GX) policy—and to cease all international public finance for fossil fuels. The statement argues that current G7 commitments are insufficient, citing continued investments in gas and ammonia co-firing in Southeast Asia and Africa, and urges a shift toward renewable energy and fair funding mechanisms for the Global South.
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Document type: Statement
Nestlé’s methane blindspot and plant-based confusion
The Changing Markets Foundation asserts that Nestlé's net zero roadmap is a "green mirage" that fails to meet any of the UN's Integrity Matters recommendations. The analysis highlights a significant "methane blindspot," noting that Nestlé does not separately report methane emissions, which are estimated to be twice those of Switzerland's entire livestock sector. The author criticizes Nestlé's reliance on regenerative agriculture over proven solutions and its strategy to grow plant-based portfolios alongside dairy rather than using them as substitutes to reduce overall emissions. Furthermore, the document claims that Nestlé's actual emissions have reduced by only 1% over five years, contradicting the company's reported 6.4% reduction achieved through "creative accounting."
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Document type: Statement
Open letter to the new CEO of SCOR Thierry Léger
Reclaim Finance and 14 partners have urged SCOR's new CEO, Thierry Léger, to end the company's underwriting support for new oil and gas fields and midstream infrastructure, including LNG terminals, to align with the IEA's Net Zero by 2050 scenario and the policies of major competitors.
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Document type: Statement
Lettre ouverte au nouveau directeur général de SCOR Thierry Léger
Reclaim Finance and a coalition of 14 organizations have issued an open letter to Thierry Léger, the new CEO of SCOR, urging the French reinsurer to stop supporting the expansion of fossil fuels. The letter highlights that SCOR is the last major European reinsurer still providing coverage for new gas fields. The authors request that SCOR's new strategic plan, to be presented at the general assembly on May 25, include commitments to cease coverage for new oil and gas fields—removing exceptions for companies claiming to be "in transition"—and to stop covering midstream infrastructure, specifically liquefied natural gas (LNG) terminals.
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Document type: Statement