NEW YORK (S&P Global) June 28, 2023—Stakeholders are increasingly recognizing that the sustainability challenges facing the world are interconnected, and many of those stakeholders believe in the importance of taking a holistic approach to sustainability issues and not treating them in silos.
The research presented in Solving for Interconnected Sustainability Challenges, the latest edition of S&P Global's Sustainability Quarterly, shows how these connections are playing out across the globe and across borders.
"Events like the wildfires now raging in Canada, which blanketed major US cities on the East Coast in smoke for several days, drive home the point that what happens in one part of the world can have knock-on effects for the sustainability of other industries and jurisdictions," writes Richard Mattison, Vice Chairman of S&P Global Sustainable1.
The second-quarter 2023 edition of Sustainability Quarterly includes the following research:
- How the world's largest companies depend on nature and biodiversity: The global economy is benefiting from nature even as it is driving nature loss, which is reducing nature's ability to sustain ecosystem services.
- How global food producers are responding to rising water stress: Cropland faces growing water stress around the world. Is sustainable agriculture a priority for food producers?
- More Mexican states could face water stress by 2050: Without adaptation to climate change, as many as 20 of Mexico's 32 states face high exposure to water-related stress by 2050 under S&P Global Ratings' scenario analysis, up from about 11 today.
- Chile and Peru's copper for energy transition: Chile and Peru are likely to play an important role in adjusting commodity supply chains, given the increased demand for minerals for the energy transition.
- Carbon capture, removal and credits pose challenges for companies: Companies pursuing carbon capture, removal or credits face potential financial costs, technical challenges and risks relating to still-evolving regulatory and voluntary guidance.
- EU's Carbon Border Adjustment Mechanism to raise $80B per year by 2040: The EU's Carbon Border Adjustment Mechanism aims to prompt industries to decarbonize without being undercut by imports from geographies with no carbon cost.
The full report is available at spglobal.com.
About S&P Global
S&P Global (NYSE: SPGI) is the world's foremost provider of credit ratings, benchmarks, and analytics in the global capital and commodity markets, offering ESG solutions, deep data, and insights on critical economic, market and business factors. We've been providing essential intelligence that unlocks opportunity, fosters growth, and accelerates progress for more than 160 years. Our divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices, and S&P Global Platts. For more information, visit www.spglobal.com.
About S&P Global Sustainable1
Sustainable1 provides comprehensive coverage across global markets combined with in-depth sustainability intelligence to help financial institutions, corporations and governments navigate the business risks, opportunities and impacts in the transition to a sustainable future. For more information, visit www.spglobal.com/esg.
Media contact
Sarah Whybrow, Global Director of ESG Communications, S&P Global Sustainable1, sarah.whybrow@spglobal.com, +447929 711556
This report does not constitute a rating action.
The report is available to subscribers of RatingsDirect at www.capitaliq.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to research_request@spglobal.com. Ratings information can also be found on S&P Global Ratings' public website by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
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