“Intensifying pressure to limit global temperature increases and prevent ecological disaster is mounting and corporations and investors — including those in Japan — have an urgent role to play.
That was a key message at the CDP Forum on Decarbonizing Management — Vision to Action held in Tokyo on Nov. 19.
London-based nonprofit CDP runs a global disclosure system for investors, corporations and local and regional governments that helps manage their environmental impact. It co-hosted the event along with the Environment Ministry.
Paul Simpson, CDP’s CEO, outlined the stakes described last year by the Intergovernmental Panel on Climate Change, or IPCC — a United Nations body — if temperatures rise from the preindustrial era fail to be limited to 1.5 degrees Celsius rather than 2 degrees.
“The costs of that extra half degree are enormous,” Simpson said in a keynote speech opening the forum, citing the prospect of fish stocks devastated by the destruction of coral reefs and worsening arctic ice melt, among other potential catastrophes….”
Please read full article from here: Japan Times: ESG Consortium