Ten degrees of sustainability
By Tanya Broadfield
In November, when COP26 takes place in Glasgow, the eyes of the world will be looking at what progress the UK has made towards delivering sustainability targets to support net zero and the tackling of climate change.
Savills has identified 10 drivers of change we can expect to hear more about this year.
1. TCFD and climate transparency
A raft of sustainability disclosure requirements is coming and The Taskforce on Climate-related Financial Disclosures (TCFD) is leading the way. Since January, disclosure has been mandatory in the UK. This will help to improve the availability, consistency and reliability of information, ultimately helping to tackle climate change.
2. Net zero and climate positivity
In 2020, corporate commitments to net zero came thick and fast and now the race is on to understand what this might mean for businesses. This includes how best to achieve an overall balance between emissions produced and emissions taken out of the atmosphere before the deadline of 2050, or in some cases, before 2030.
However, there are some who don’t see this as going far enough. Instead, they are focusing on ‘climate positivity’. Rather than settling for neutral, they are going beyond net zero emissions to create environmental benefit.
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