{"id":30161,"date":"2023-04-21T14:05:29","date_gmt":"2023-04-21T12:05:29","guid":{"rendered":"https:\/\/www.laragon.es\/earth-day-2023-a-call-to-invest-in-our-planet\/"},"modified":"2023-04-24T13:36:02","modified_gmt":"2023-04-24T11:36:02","slug":"earth-day-2023-a-call-to-invest-in-our-planet","status":"publish","type":"post","link":"https:\/\/www.laragon.es\/en\/earth-day-2023-a-call-to-invest-in-our-planet\/","title":{"rendered":"Earth Day 2023, a call to invest in our planet"},"content":{"rendered":"\n

Every April 22nd we celebrate Earth Day. This year the theme selected for the global awareness campaign is: Invest in our planet. At Laragon Sustainability Solutions we take on this date to call the need to integrate digital transformation<\/a> and standardized data analysis in responsible investment strategies, in order to achieve a fairer and more sustainable transition for the planet and all stakeholders. <\/p>\n\n\n\n

Not only today, on Earth Day<\/a>, but every day it is necessary to evaluate the most efficient, transparent and accountable course of action in planning, implementing and monitoring the growth objectives of our organizations. Considering the value of the investment with ESG criteria (environmental, social, and governance)<\/a>; the adaptation of the QEHS strategies<\/a> (quality, environment, health and safety) and operational risk management to regulatory compliance in terms of sustainability, as well as continuous improvement in innovation and digitalization of processes and projects.<\/p>\n\n\n\n

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G7: Sustainable investment with an emphasis on the environment<\/h2>\n\n\n\n

In the recent G7 meeting on environment, climate and energy<\/a> in Sapporo (Japan), the G7 ministers called for the mandatory dissemination of climate information.<\/strong> They also agreed on new commitments for increasing wind and solar power generation capacity<\/strong> on the high seas during this decade, but no real progress was made on fossil fuel reduction commitments<\/strong>.<\/p>\n\n\n\n

The context of the G7 communiqu\u00e9 is significant because of the global impact of climate change, biodiversity loss and the energy crisis on nations in general and private organizations in particular.<\/p>\n\n\n\n

In light of Earth Day and the call for sustainable investment by various stakeholders, the G7’s commitment to work collaboratively to reach an agreement at COP28 on just transition as a key element of climate action <\/strong>is encouraging. The just transition work program is intended to serve as a catalyst for climate action and ambition in support of workers and communities. <\/p>\n\n\n\n

“The call for mandatory climate disclosures comes at a time when several major economies are in various stages of implementing standardized sustainability information reporting, such as the EU Directive (CSRD), which will come into force in early 2024, and the expected US SEC climate disclosure rules, which are due to be published shortly. The drive towards climate reporting may take a step forward with the upcoming publication of the ISSB’s sustainability and climate-related disclosure standards, which will come into force from 2024 onwards,” says ESG Today<\/a> in its analysis of the event.<\/p>\n\n\n\n

On the issue of loss and damage, the G7 has developed a Climate Disaster Risk Reduction, Response and Recovery Inventory to assist the most vulnerable countries,<\/strong> mapping existing support mechanisms.<\/p>\n\n\n\n

On the other hand, the representatives of the main global economies also agreed on the importance of promoting cleaner and renewable energies<\/strong>. A commitment has been made to increase the collective renewable capacity by 2030: 150 GW in offshore wind and more than 1 TW in solar. Meanwhile, the value of solar energy, electric vehicles and heat pumps has been recognized. <\/p>\n\n\n\n

Net-zero emissions roadmap requires investment<\/h2>\n\n\n\n

The United Nations Intergovernmental Panel on Climate Change<\/a> (IPCC) has recently published the latest synthesis of its AR6 (Sixth Assessment Report of the Panel<\/strong>), which provides an update of knowledge on the scientific, technical and socioeconomic aspects of climate change.<\/p>\n\n\n\n

According to the Foundation The Nature Conservancy<\/a> in this latest report (synthesis of the sixth assessment report), which includes the latest in climate science, climate hazards and actions to be taken, “there have been promising developments in low-carbon technologies.<\/strong> Countries are making more ambitious national commitments to reduce their emissions and doing more to help communities adapt to the effects of climate change. We are seeing a greater commitment of funding for all of this work. The problem is that it is still not enough<\/strong>.”<\/p>\n\n\n\n

The IPCC has emphasized the need for immediate emission reductions in all sectors. “Limiting warming to about 1.5 \u00b0C requires global greenhouse gas emissions to peak by 2025<\/strong> at the latest and be reduced by 43% by 2030.” <\/p>\n\n\n\n

In addition, with respect to the G7 meeting, the analysis of the Climate Change Policy Working Group of the Spanish Green Growth Group<\/a> (of which Laragon is a member) highlights that it is relevant that:<\/p>\n\n\n\n