Nate Aden

senior fellow @WorldResources; finance lead @ScienceTargets; rock climber; all views are my own

[Science Based Targets initiative @sciencetargets]

The #SBTi is helping to shape the future of sustainable finance by developing three key resources that will collectively make up our upcoming Net-Zero Standard for Financial Institutions (FIs). What are they and how do they work together? (A thread🧵)

[Nate Aden @NateAden]

Today at COP27 the UN Secretary General presented a new report "Integrity Matters" establishing an ambitious standard for company and financial institution net zero targets 🔭
https://t.co/gWnWn3kq7k
#COP27 #sbt #FossilFuels #accountability

[Nate Aden @NateAden]

Yesterday the US signed a sweeping and ambitious climate law for the first time in the country's history. It's far from perfect, but a huge step in the right direction.
Here's a 22-minute video explanation of what's in the new law and why it matters:
https://t.co/s8kWw332SC

[Nate Aden @NateAden]

Regulators have proposed new disclosure regulations that will advance private sector climate alignment. Here's the SBTi take:
https://t.co/zwHQ7BnV7D

[Nate Aden @NateAden]

@daisypl @rob_zet @NicoleKelner Hi, here's an overview of mitigation opportunities for the industrial sector: https://t.co/vXSGVvtu3b

[Nate Aden @NateAden]

Did you know that two-thirds of Danish companies (listed on the STOXX Europe Total Market Index) have SBTi-approved science-based targets?
https://t.co/hAyYs7h6OF
#ScienceBasedTargets #NetZero #Finance #Capital4Climate #SBTi #exponentialgrowth #scaling #climateaction #Denmark

[Nate Aden @NateAden]

What does net-zero actually mean for financial institutions?
Today we're starting the SBTi Financial Net-Zero Standard development process--you're invited to read the draft and provide feedback here: https://t.co/qA0GOb5TuZ
#ScienceBasedTargets #climate #finance #cop26

[Nate Aden @NateAden]

Congratulations @eqt, @LaBanquePostale, & #KBFinancialGroup on your portfolio SBTs! These new #sciencebasedtargets represent a turning point for financial sector climate action.
Our blog provides context and more information: https://t.co/cXwuOG9pYI.

[Science Based Targets initiative @sciencetargets]

In October 2020 we developed target-setting methods and criteria for financial institutions.

Now, just a year later, we are excited to announce the first ever science-based targets for financial institutions! 🙌

@eqt #KBFinancialGroup @LaBanquePostale

https://t.co/YrqDivoRBg

[Helen Mountford @HMountford4]

Do you have questions about when countries plan to reach #NetZero emissions? See our new infographic below, which also shows which targets are in national laws or policies vs which are pledged. And for more on designing net-zero targets see: https://t.co/oMINJwCz5j @WRIClimate

[Nate Aden @NateAden]

Financial institutions have been instrumental in all recent societal transformations--great to see banks stepping up on climate with the new Net-Zero Banking Alliance: https://t.co/ocUZGODH2E.
#sciencebasedtargets #ClimateAction #scope3 #financedemissions

[Nate Aden @NateAden]

Today @sciencetargets is releasing our draft company net-zero target setting criteria for public consultation. Got ideas? Your feedback and suggestions are welcomed at: https://t.co/Y62cgIAfaa

[Nate Aden @NateAden]

As vaccines provide a light at the end of the tunnel for the pandemic, the chemicals sector also plays a central role in low-carbon transformation. Join our webinar tomorrow on sector boundaries with oil and gas, SBTs, & next steps: https://t.co/c562NQxOGu. #ScienceBasedTargets

[Nate Aden @NateAden]

Today's new World Energy Outlook clearly shows that we need to go beyond new green capacity to address existing physical assets. Which financial institution will be first to step up with a new product that moves beyond divestment to transform existing assets?
#sciencebasedtargets

[Fatih Birol @fbirol]

Using new technologies to avoid future emissions isn't enough.

If today’s coal plants, steel mills, cement factories & other infrastructure keep running in the same way as before, that alone would lock in a temperature rise of 1.65 °C.

[Nate Aden @NateAden]

Today we were very fortunate to have opening remarks from Mark Carney, @gmunozabogabir, & @DCIvan on the launch of the SBTi Finance framework. A recording of the launch webinar is available at https://t.co/kfc8aiWHG7.
Now to work with peer initiative to get FIs to set SBTs!

[Nate Aden @NateAden]

Do you have ideas on how the chemicals sector can best align with low-carbon transformation? The Science Based Targets initiative survey (~30 questions) is open through this month and would welcome your input: https://t.co/QMHu6OHIQ4
#ScienceBasedTargets #chemicals #Climate

[Nate Aden @NateAden]

How can financial institutions align with the Paris Climate Agreement?
I provide a quick overview of the SBTi-Finance approach in @IIF's new ESG webinar (less than 30 min): https://t.co/cMWy2hyyqc
#ScienceBasedTargets #Finance #COVID19

[Nate Aden @NateAden]

In brighter news, a country has made all public transport (by train, tram, & bus) permanently free as of last weekend. Luxembourg may not be known as a global leader, but this would be a great policy for other countries and cities to follow.

https://t.co/Ya1e4f36PN

[Science Based Targets initiative @sciencetargets]

Building a climate-safe future requires all economic actors to work towards a shared vision.

Financial institutions are key. They can redirect capital towards sustainable solutions & catalyze system-wide change.

Learn more: https://t.co/VGJahvcWRk #ScienceBasedTargets

[Nate Aden @NateAden]

Interested in the role of chemical companies in climate stabilization?
Join our SBT-Chemicals launch webinar this Thursday! Includes speakers from @IEA, @DSM, & @Guidehouse.
https://t.co/XH5cdX3Yd2
#sciencebasedtargets #SBT #chemicals #climate

[Science Based Targets initiative @sciencetargets]

Join us on 4 Dec 2019 at @UN’s annual climate conference. We'll be releasing a new report which details the progress that's been made since the initial launch & important next steps for driving transformative #ClimateAction from the private sector. https://t.co/q7IJNcTQnS #COP25