News | 25 November 2022

EU Commission’s advisory group publishes the first set of sustainability reporting standards

NGOs warn against reduction in ambition
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Together with the Alliance for Corporate Transparency and a number of other NGOs and think tanks, Germanwatch has commented on the proposals of the European Financial Reporting Advisory Group (EFRAG) in a press release. Germanwatch welcomes the adoption of the EU Sustainability Reporting Standards (ESRS), which EFRAG submitted to the European Commission this week. Although the ambition of the standards remains limited in some areas, they represent a significant improvement for companies and users of sustainability information and address the biggest issues in the quality and reliability of corporate reporting. Please find the press release below:

Consistency case study: actions supporting Article 2.1c of the Paris Agreement in Germany

23.11.2022
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One of the three main goals of the Paris Agreement is to ‘make finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development’, as stated in Article 2.1c. This long-term goal recognises that, complementary to an increase in finance that supports climate action, there needs to be redirection of finance, both public and private, that locks countries into a future of low emissions and higher resilience. Given that Article 2.1c has yet to be fully operationalised, this case study examines the progress towards implementing it in Germany. It is a first attempt to provide a comprehensive analysis framework for the implementation of Article 2.1c.

Press Release | 14 November 2022

Moment of truth: How serious are countries about their climate commitments?

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Germanwatch, NewClimate Institute and CAN International published the 18th edition of the Climate Change Performance Index (CCPI): Denmark, Sweden, Chile, Morocco and India lead the ranking this year / Iran, Saudi Arabia and Kazakhstan come in last / The US and China perform very low — though the US rises three ranks compared with last year, whilst China drops 13 ranks

The current energy crisis clearly demonstrates how the world remains dependent on fossil fuels. However, there is a number of countries that have a better standing than others. They took ambitious steps in climate mitigation and rapidly developed energy efficiency and renewable energies. Today, Germanwatch, NewClimate Institute and CAN International published the Climate Change Performance Index (CCPI) 2023, a ranking of the 59 largest emitters worldwide