COP26 kick-off highlights greater need for ESG data
Sondra Campanelli, Head of News and Marketing (London)
As world leaders gather in Glasgow this week to discuss climate change issues at the United Nations’ COP26, investors are seeking alternative datasets that can help them align their portfolios with companies that are pursuing climate change-related goals.
Datasets that shed light on renewable energy and electric vehicles have been top-of-mind for many investors, according to Neudata researcher Tom Pless, while many ESG-focused asset managers are requesting data that can help them understand the risks of biodiversity loss.
One of the major goals of the COP26 conference is for participants to come forward with ambitious 2030 emissions reductions targets that align with reaching a net-zero carbon emissions goal by the middle of the 21st century. Climate activists hope that such targets will keep the planet’s temperature in check by keeping it below the 1.5-degree Celsius target set out in the Paris climate agreement.
In order to achieve that goal, the organisation has listed a series of objectives, including
- accelerating the phase-out of coal,
- curtailing deforestation,
- speeding up the switch to electric vehicles, and
- encouraging investment in renewables.