Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-r5zm4 Total loading time: 0 Render date: 2024-06-21T01:29:24.227Z Has data issue: false hasContentIssue false

3 - Accounting for Climate Change: Rethinking the Chaotic Corporate Reporting Landscape and Its Purpose, with the UK”s Failure as a Case Study

Published online by Cambridge University Press:  03 March 2021

Margherita Pieraccini
Affiliation:
University of Bristol
Tonia Novitz
Affiliation:
University of Bristol
Get access

Summary

Introduction

Climate change is a global crisis, largely resulting from human action, that threatens the continued existence of human, animal and plant life on the planet and requires a global solution in response (Vitousek and Mooney, 1997; Spratt and Dunlop, 2018). The Special Report on Global Warming, published by the Intergovernmental Panel on Climate Change (IPCC, 2018), highlighted the urgency of the need to reduce carbon emissions by approximately 45%, in order to limit global warming to 1.5°C above pre-industrial levels by 2030, to be cut to zero carbon by 2050. This lends support to the 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs) of 2015, especially SDG 13, on urgent action to combat climate change. SDG 13 highlights the relevance of climate change for sustainability. Indeed, the United Nations (UN) observes that climate change ‘presents the single biggest threat to sustainable development everywhere and its widespread, unprecedented impacts disproportionately burden the poorest and most vulnerable’. This observation leads the UN to conclude that ‘urgent action to halt climate change and deal with its impacts is integral to the successful implementation of the Sustainable Development Goals’ (UN, nd).

That evidence also makes even more imperative acceptance of the message of the Paris Agreement 2015, which came into force in November 2016, calling for an internationally coordinated effort to tackle climate change. Although, as a primarily soft law instrument, it has weaknesses (Rajamani, 2016; Lawrence and Wong, 2017), the contribution of the Paris Agreement is that it highlights the need, urgently, to strengthen the global response to the threat of climate change and to eradicate poverty. The Paris Agreement sets out commitments to hold the increase in the global average temperature to well below 2°C above pre-industrial levels and pursue efforts to limit the temperature increase to 1.5°C above pre-industrial levels, to increase the ability to adapt to the adverse impacts of climate change and to foster climate resilience and low greenhouse gas emissions development. Some scientists suggest that these measures might not be enough to stem the accelerating climate impacts or prevent us passing the critical thresholds that threaten catastrophe (Spratt and Dunlop, 2018: 1), but the Paris Agreement does enable us to appreciate the enormity of the challenge climate change presents.

Type
Chapter
Information
Publisher: Bristol University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×