1.5°C: Definition
The Paris Agreement commits countries to limit global warming to well below 2°C above pre-industrial levels, with an even more ambitious target of 1.5°C to avert severe climate changes. Achieving the 1.5°C trajectory necessitates halving emissions by 2030 and reaching net-zero emissions by 2050.
For Sustainability Managers
Understanding 1.5°C is essential for accurately tracking and reducing your organisation's carbon footprint.
For CFOs
1.5°C has growing financial implications as climate regulation tightens and investors demand transparency.
For Sustainability Reporting
Accurate measurement of 1.5°C is required for credible climate reports across all major frameworks.
Related Terms
ACCC
The Australian Competition & Consumer Commission (ACCC) serves as Australia's national regulator overseeing competition, consumer protection, fair trade, and product safety.
ASIC
The Australian Securities and Investments Commission (ASIC) serves as Australia's unified regulator for corporate affairs, financial markets, financial services, and consumer credit.
Circular economy
The circular economy model entails sharing, leasing, reusing, repairing, refurbishing, and recycling products and materials to extend their lifecycle.
CSR
Corporate Social Responsibility (CSR) comprises policies implemented by a company to positively impact the world.
Eco-friendly
A business is eco-friendly when it is not harmful to the environment, or it is trying to help the environment