Search Climate Insights Directory

ClientEarth has issued a formal letter to Deloitte alleging that the firm is failing to demonstrate how it incorporates material climate risks into its audits of listed companies. The document asserts that existing standards from the IASB, IAASB, and FASB already require the consideration of climate-related matters. Referencing a report by Carbon Tracker and the Carbon Accounting Project, ClientEarth claims that Deloitte and other auditors are habitually failing to provide evidence of climate risk assessment, creating an information gap for investors and risking legal liability in jurisdictions such as the UK and US. The letter calls on Deloitte to review its audit practices, ensure consistency between financial statements and narrative climate commitments, and adopt Paris-aligned accounting assumptions.

ClientEarth asserts that KPMG and other auditors are failing to incorporate material climate-related financial risks into company audits, despite clear guidance from standard-setters like the IFRS Foundation and IAASB. Referencing a Carbon Tracker report, the letter highlights a systemic lack of transparency regarding climate-sensitive assumptions and a failure to align accounts with the Paris Agreement. ClientEarth warns that this creates a material information gap for investors and exposes KPMG to regulatory sanctions and legal liability in the UK and US.

ClientEarth asserts that EY and other auditors are failing to incorporate material climate-related financial risks into company audits, despite clear guidance from standard-setters like the IFRS Foundation and IAASB. Referencing a Carbon Tracker report, the letter highlights a systemic lack of transparency regarding climate-sensitive assumptions in financial statements. ClientEarth warns EY of potential legal and regulatory liabilities in the UK and US and calls for a comprehensive review of its audit practices for carbon-intensive firms.

ClientEarth has issued a formal letter to PwC alleging systemic failures in the audit of climate-related financial risks. The document asserts that existing IFRS, US GAAP, and IAASB standards already require the consideration of material climate risks, yet a report by Carbon Tracker indicates that PwC and other auditors frequently fail to demonstrate this scrutiny. ClientEarth warns that such failures create an information gap for investors and expose PwC to regulatory sanctions, shareholder claims, and potential criminal liability. The letter calls for a comprehensive review of PwC's audit practices for carbon-intensive companies and a commitment to using Paris-aligned accounting assumptions.

The statement critiques 'Nature-based Solutions' (NbS) as a deceptive framework used by governments and corporations to justify 'net zero' targets without implementing deep emission reductions. It asserts that NbS rely on flawed assumptions about carbon sequestration and risk triggering massive land grabs in the Global South, citing the example of ENI in Mozambique. The author calls for structural changes, immediate emission cuts by developed nations, and the protection of Indigenous rights over market-based environmental schemes.

The document outlines key lessons for SADC member states to improve their NDCs, emphasizing the need for inclusive stakeholder engagement, alignment with long-term development goals, and the use of quantifiable targets and evidence-based analysis. It highlights examples from South Africa, Rwanda, and Costa Rica to demonstrate how detailed implementation roadmaps and participatory scenario planning can enhance climate commitments.

The statement criticizes the imposition of travel bans on Southern African countries, asserting that such measures are ineffective at stopping mutations and cause significant economic damage. It highlights the disparity in vaccination rates between Africa and advanced economies, calling for the decentralization of vaccine manufacturing, the implementation of a WTO intellectual property rights waiver, and a shift from unilateralism to collective global action to ensure equitable vaccine distribution.

The European Commission's proposed regulation aims to minimize the EU's impact on global forests by establishing a 'deforestation-free' standard for cattle, cocoa, coffee, oil palm, soya, and wood. The framework relies on mandatory supply chain due diligence, requiring full traceability to the point of production via geolocation coordinates. While it improves upon the EU Timber Regulation by introducing objective science-based standards and stronger penalties (up to 4% of annual turnover), it contains a 'simplified due diligence' loophole for low-risk countries. ClientEarth identifies critical gaps compared to the European Parliament's 2020 INL Report, specifically the lack of mandatory human rights protections, the exclusion of non-forest ecosystems like peatlands, the omission of the financial sector, and the absence of civil liability for victims of deforestation.

The WHO-Civil Society Working Group to Advance Action on Climate and Health reports on its 2021 efforts to mobilize the health sector for climate action. Key achievements include conducting regional consultations across six WHO regions involving over 135 countries, launching the 'Healthy Climate Prescription' open letter signed by organizations representing 46 million health workers, and publishing a report on climate and health research gaps. The group also supported the Global Climate and Health Conference and the WHO Health Pavilion at COP26 to increase the visibility of health in climate negotiations.

The report finds that community-based organisations (CBOs) in South Africa provide violence prevention and youth development services at a low cost—under R7,000 per family per year—while generating significant tangible and intangible social benefits. Using case studies of Net vir Pret and Seven Passes Initiative, the analysis suggests a benefit-to-cost ratio of more than 2:1. The authors highlight the adaptability of CBOs compared to state institutions and call for the South African government to develop funding benchmarks to sustainably support these organisations.

The Advertising Standards Authority (ASA) ruled that Ryanair Ltd's claims of having "low CO2 emissions" and being the "lowest emissions airline" were misleading. While the ASA accepted the CO2 per passenger-kilometre metric, it found that the advertisements lacked sufficient information for consumers to verify emission reductions compared to other carriers and noted that the airline's data calculations omitted well-known competitors. The case is cited as an example of "greenwashing," where companies falsely brand services as climate-friendly to mislead consumers.

The document explains how beneficial ownership transparency (BOT) helps uncover the individuals who ultimately control assets, preventing criminals and corrupt officials from using shell companies to hide profits from illegal wildlife trade, forestry, and fisheries. It highlights the role of public registries in tracing 'dirty money' and provides guidance for NRM practitioners to conduct due diligence and identify signs of obscured ownership to safeguard conservation projects.

The author argues that referendums are historically alien to the UK's tradition of representative democracy and parliamentary sovereignty. The text identifies three drivers for their recent use: addressing constitutional questions like Scottish independence, seeking political legitimacy to resolve internal party conflicts (as seen with David Cameron and Brexit), and as a tool for those seeking epochal change through binary choices. The author concludes that the lack of civic experience with referendums led to campaigns based on fear and disinformation, ultimately damaging the UK's democratic health.

The report examines 'whole-of-government' approaches to climate change, emphasizing the need for central leadership, clear mandates, and transparency to overcome ministerial silos. Through case studies of the UK, US, and British Columbia, it highlights that while such approaches can foster collaboration, they are often fragile and dependent on the political will of the head of government. The author recommends that Canada establish a dedicated Cabinet committee and a central coordination secretariat to integrate climate considerations across all public policies.

The briefing highlights a growing trade in natural gas liquids (NGLs), specifically ethane and propane, from US fracking basins to European petrochemical plants. It contends that because several European countries have banned fracking, the reliance on US imports creates a loophole where emissions are outsourced. The author urges the European Commission to ensure the EU Methane Regulation covers the entire supply chain and includes petrochemical feedstocks to avoid undermining emissions reductions and health policies.

The document examines the growth of the transatlantic trade in natural gas liquids (NGLs), specifically ethane and propane, from the US to Europe. It contends that this trade allows European plastics producers to bypass domestic fracking bans and climate regulations, effectively offshoring the high greenhouse gas emissions associated with extraction and transport. The author calls for the EU to expand its Methane Regulation, Emissions Trading System (ETS), and Carbon Border Adjustment Mechanism (CBAM) to cover the full petrochemical supply chain and imports.

The author identifies several key environmental priorities for the WTO's MC12, including a deal on fishery subsidies and the launch of member-led initiatives like the Trade and Environmental Sustainability Structured Discussions (TESSD). The text emphasizes the need for inclusive cooperation that supports developing countries through financing and technical assistance to ensure a global green economy that does not leave the poorest behind.

The briefing argues that as countries increase climate ambition, border carbon adjustment (BCA) mechanisms are becoming inevitable to prevent carbon leakage in energy-intensive sectors. To prevent these tools from becoming protectionist, the author proposes a framework of principles—such as the primacy of leakage protection, revenue sharing, and credit for equivalent foreign carbon prices—and best practices regarding coverage, data standards, and appeal mechanisms. The author suggests the World Trade Organization (WTO) as the ideal multilateral forum for discussing these standards, specifically highlighting the 2021 Ministerial Conference (MC12) as a critical starting point.

The document provides a multi-expert critique of COP26, noting that while the summit completed the Paris Agreement rule book and secured net zero commitments for 90% of the world, it failed to secure a 'grand bargain' for coal with India or a loss and damage fund. It highlights the $8.5 billion just transition deal for South Africa as a potential model but warns that developed nations have failed to meet the $100 billion annual finance goal. Experts argue that the summit ignored the critical role of oceans in carbon absorption and failed to address the resource-intensive economic systems driving global warming.

The Canadian Climate Institute asserts that climate policy can no longer be the sole responsibility of Environment and Climate Change Canada, as it now impacts multiple ministries including agriculture, transport, and natural resources. The author argues that current ministerial silos lead to inefficient policies and recommends the creation of a dedicated Cabinet committee on climate issues, increased resources for the Privy Council Office's climate secretariat, and strong executive leadership from the Prime Minister. The text highlights that successful whole-of-government models have been used historically in Canada during WWII and more recently in British Columbia, the UK, and the US.