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COP26 Achieves Methane Milestone - Corporates Must Act, Across Value Chains

April 07, 2022 at 05:00 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

SOURCE: EcoVadis

DESCRIPTION:

By Anne Benz & Julia Kostin

The COP26 summit in Glasgow received mixed reactions from activists and onlookers, with many arguing that national leaders remain too lax on a time-bound strategy for halting global warming to 1.5°C above pre-industrial levels. However, quantifiable progress was achieved on one major climate driver – methane – giving reason for optimism amid much uncertainty.

Global emissions of this tiny molecule – made up of one carbon surrounded by four hydrogen atoms – are responsible for up to 30% of all global warming, with 60% of total emissions deriving from human sources. Furthermore, methane is 80 times more potent than carbon dioxide in a 20-year timeframe, meaning that aggressive action to remove and mitigate methane emissions in the near-term can provide immediate benefits for the climate, and will be key to achieving Paris Climate Agreement targets.

As regulators in Europe and North America edge ever closer to imposing Methane reporting requirements and emissions restrictions on companies, it is essential that business leaders are proactive in their response and acquire a firm understanding of why supply chain action is key to fulfilling the Global Methane Pledge.

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About the Author

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 160+ countries.

Tweet me: At #COP26, more than 100 countries promised to cut their methane emissions by at least 30% by 2030. The new blog by @ecovadis discusses how you can help your company in adapting to new statutory requirements. Read more here: https://bit.ly/3FSR5cy

KEYWORDS: EcoVadis, COP26, Anne Benz, Julia Kostin