Path to net zero ESG accelerates industry's push to cut emissions

摘要

Climate risk continued to drive environmental,social,and corporate governance(ESG)programs and adoption higher in 2020.The push to hold companies accountable for carbon emissions,inside and outside of their gates and at every stage of their products'life cycles,is being met with meaningful commitments by players in the chemical industry.Between 2015 and 2018,investments into ESG funds were steady at about $5-6 billion,but in 2019 increased to $20 billion,according to Deutsche Bank(New York,New York).At the end of the second quarter of 2020,the figure was $71 billion.This exponential growth can be attributed to investors who see ESG as a means to manage risk and maximize growth.Companies that reduce emissions in line with climate science are seen as more innovative and ahead of inevitable regulatory pressures.