Passing 1.5°C global warming: Performative ESG is no longer acceptable
The planet has already passed 1.5°C of warming against pre-industrial levels, or it’s very near. This isn’t fiction or a scam; it’s science and it’s existential. The 1.5°C target was set at the 2015 Paris Agreement after intense pressure from vulnerable island nations. It was meant to head off irreversible tipping points like catastrophic sea-level […] The post Passing 1.5°C global warming:…
The world has already warmed by 1.5 degrees Celsius since pre-industrial levels, and scientists warn that this target, set in 2015 at the Paris Agreement, is now unattainable. Governments and businesses have failed to make sufficient progress in reducing emissions, leading to a need for adaptation instead of mitigation. Southeast Asia, despite contributing only four percent of global carbon emissions, suffers disproportionately from the effects of climate change.
The region has the scientific expertise, youth, and innovation to lead in sustainable practices, and its businesses are spending money and time to address the growing risks. Performative ESG initiatives, such as distant net-zero targets and symbolic offsets, are no longer acceptable. Authentic ESG spending, tied to specific projects and verifiable by third parties, is crucial for genuine progress.
Southeast Asia's companies are already taking action, retiring coal plants, investing in renewable energy, and implementing innovative solutions to protect against climate impacts.
Written by urgent.news from e27's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
