Understanding the Climate Challenge
This domain covers three areas: Science of Climate Change, Global Impact and Response, Standards and Measurements. It aims to inform non-executive directors of the scale and urgency of the climate challenge and the actions taken nationally and internationally. It contains reports and discussions about the IPCC report summarising over 6,000 studies on the science of climate change and the changes needed by the global energy sector to reach net-zero by 2050. It curates reports about the climate risk in Asia and the response so far, such as Singapore's Green Plan 2030 that will impact many if not all sectors in the country. It also contains reports about standards and measurements to inform non-executives on the targets and metrics commonly used to track progress and set mid and long-term goals to start the journey towards a decarbonized economy.
Understanding the Climate Challenge is the topic chosen for the launch and first seminar of the Climate Governance Singapore in October 2021.
*For essential reading
Science of Climate Change
| *World | Global warming of 1.5°C In this special report, the broad scientific community addresses the impacts of global warming of 1.5°C above pre-industrial levels and related global greenhouse gas emission pathways. It presents the findings of more than 6,000 published articles on the topic. |
IPCC, 2018 |
| *Asia | Climate Risk and Response in Asia This report provides an overview of the climate hazards in Asia to improve the understanding of physical risks and their socio-economic impact in the region. |
MGI, 2020 |
| World | Climate Risk and Response: Physical Hazards and Socioeconomic Impacts This report explores the mechanisms through which physical climate change leads to socio-economic risks to inform leaders on how to better assess, adapt to, and mitigate those risks. |
MGI, 2020 |
| World | Vision 2050 This report addresses three questions: What does a sustainable world look like? How can we realise it? What are the roles businesses can play in ensuring more rapid progress toward that world? |
WBCSD, 2021 |
| World | This is a Crisis: Facing Up to the Age of Environmental Breakdown This report discusses the scale, pace and implications of climate change. It discusses the response so far and the need for further transformative change. |
IPPR, 2019 |
| World | The Science of Climate Change Explained Facts, Evidence and Proof This article provides science-based answers to 12 big questions about Climate Change. |
NYT, 2021 |
Global Impact and Response
| *World | Net Zero by 2050: A Roadmap for the Global Energy Sector This report maps out how the global energy sector can reach net zero by 2050 with the involvement of all stakeholders – governments, businesses, investors and citizens. |
IEA, 2021 |
| *World | Unlocking the Inclusive Growth Story of the 21st Century: Accelerating Climate Action in Urgent Times This report is a roadmap for accelerating action to turn better growth and a better climate into reality. |
NCE, 2018 |
| *Singapore | Charting Singapore’s Low-carbon and Climate Resilient Future This document discusses the Singaporean response to Climate Change and a low-carbon future. |
NCCS, 2020 |
| World | TPI State of Transition Report 2021 This report reviews the progress made by the world’s highest-emitting public companies on the transition to a low-carbon economy. |
TPI, 2021 |
| World | Climate Change Challenges: Climate Change Scenarios and Their Impact on Funding Risk and Asset Allocation This report considers four alternative scenarios (from no mitigation to smooth transition to a green economy) and their potential impact on assets and pension scheme funding levels. |
Aon, 2018 |
| Singapore | Singapore’s Fourth Biennial Update Report The report summarises the progress we have made as a nation to address climate change and meet our obligations under the United Nations Framework Convention on Climate Change (UNFCCC). |
NEA, 2020 |
| World | The 1.5°C Global Warming Limit Is Not Impossible – But Without Political Action It Soon Will Be This article discusses the feasibility of climate control and the level of commitment needed. |
The Conversation, 2021 |
| World | The Global Risks Report 2021 (16th Edition) Our analysis centers on the risks and consequences of widening inequalities, societal fragmentation and climate change. |
WEF, 2021 |
| World | Fragile Planet 2021 - Scoring Climate Risks: Who Is the Most Resilient? The report ranks 77 countries on their ability to shift from fossil fuels, adapt to climate change and profit from cleantech, adding 12 indicators to this year’s analysis. |
HSBC Global Research, 2021 |
Standards and Metrics
| *World | Proposed Guidance on Climate-related, Metrics, Targets, and Transition Plans This report provides general guidance for organizations seeking to establish relevant metrics, targets, and transition plans around their climate-related risks and opportunities. |
TCFD, 2021 |
| *Singapore | Greenhouse Gas (GHG) Emissions Measurement and Reporting Guidelines:
Part 1a: Introduction to the GHG Measurement and Reporting Requirements for the Reportable Facility |
NEA, 2021 |
| World | The Big eBook of Sustainability Reporting Frameworks 2021 This eBook will guide you through the world of sustainability reporting frameworks. |
ecoact, 2021 |
| World | Measuring Stakeholder Capitalism Towards Common Metrics and Consistent Reporting of Sustainable Value Creation (White Paper) The document identifies a set of universal, material ESG metrics and recommended disclosures to be reflected in the mainstream annual reports of companies consistently across industry sectors and countries. |
WEF, 2020 |
| World | Driving Alignment in Climate-related Reporting: Year One of the Better Alignment Project The results presented in this report can benefit and assist preparers in making adequate climate-related financial disclosures through the use of several frameworks and standards. |
CRD, 2019 |
| World | Measuring Portfolio Alignment: Technical Supplement This report provides a critical assessment of the strengths and trade-offs of the options available when using forward-looking metrics to measure the alignment of financial portfolios with climate goals. |
TCFD, 2021 |
| World | Task Force on Climate-related Financial Disclosures - 2020 Status Report The annual report describes the alignment of companies’ reporting with the TCFD recommendations. |
TCFD, 2020 |
| World | Institute Briefing – From Promise to Action: Decoding Climate Disclosure This report explains the current state of this field, detailing three stages companies must go through to develop high-quality disclosures and explaining how to approach each stage. |
The SustainAbility Institute by ERM, 2021 |