Insights

After two weeks of tense negotiations, COP29 in Baku, Azerbaijan, officially concluded in the early hours of Sunday, 24 November 2024. Closing statements reflected mixed feelings about the outcomes. While progress was made on various topics, it did not meet the expectations of many parties.

Why it makes sense for companies to invest in emission reduction projects

Nearly a third of our planet is covered by forests, which play essential roles in preventing desertification, purifying water and air, and storing carbon.

The 29th Conference of the Parties of the UNFCCC, or COP29, will take place in Baku, Azerbaijan from 11–22 November.

The Corporate Sustainability Reporting Directive (CSRD), which came into effect in 2024, requires companies to provide detailed, standardised ESG disclosures on transparency and accountability in corporate sustainability. One of these requirements involves disclosing the presence of climate targets and, if applicable, their details.

There are good reasons for companies to engage in climate action. In addition to reducing their footprint, they increase their competitiveness and strengthen their brand image while meeting the expectations of employees, investors, and consumers.