Why Climate Risk Is Now a Business Risk — And What to Do About It

Summary  Climate risk has moved from being a concern of scientists and regulators to a core business issue. Physical threats (storms, floods, heatwaves) and transition pressures (carbon regulation, clean tech demand) both pose financial, operational, reputational, and legal risks to companies. Organizations ignoring these risks do so at their peril. This article explains why climate risk is now a business […]

What Is Climate Change?

Climate change refers to long-term shifts in temperatures and weather patterns. Such shifts can be natural, due to changes in the sun’s activity or large volcanic eruptions. But since the 1800s, human activities have been the main driver of climate change, primarily due to the burning of fossil fuels like coal, oil and gas. Burning fossil fuels generates greenhouse gas emissions that […]

Carbon capture company lands nearly £1m in backing

he company has secured nearly £1m in support from South of Scotland Enterprise A carbon capture company has landed support of nearly £1m from South of Scotland Enterprise (SOSE). It allows The Carbon Removers – based near Crocketford – to launch a major fundraising drive towards its aim of removing one million tonnes of carbon every year by 2030. The […]

Microsoft expands environmental commitment with major Brazilian reforestation deal

In a major push towards environmental sustainability, Microsoft Corp has teamed up with key Brazilian figures, including a former central banker and a prominent billionaire family, to undertake extensive reforestation in Brazil. This collaboration, facilitated through Re.green, a nascent reforestation enterprise, marks Microsoft’s second substantial investment in Brazil’s nature-based carbon credits in the last six months. Two macaw parrots sitting […]

Brazil: Betting Big on Carbonmarket

Brazil is creating what could be the first – and biggest – carbon credit market in Latin America. Progress, however, has been slow and the challenges large, from including the hesitant agribusiness sector to properly verifying carbon offsets in the Amazon rainforest. The stakes are high but progress has been slow for developing what could be one of the world’s […]

Uber and Audi used carbon credits generated in a farm that employed slave labor

Workers rescued by the Brazilian government were found clearing 477 hectares of forest within a project paid by companies to preserve the Amazon BY ISABEL HARARI AND POLIANA DALLABRIDA  19/02/2024 Audi, Uber, and 20 other companies offset greenhouse gas emissions using carbon credits from an area where the Brazilian authorities identified deforestation and the use of enslaved workers. In June […]