Intergovernmental Panel on Climate Change (IPCC)
The Intergovernmental Panel on Climate Change (IPCC) is a scientific body established by the United Nations (UN) and the World Meteorological Organization (WMO) in 1988. Its purpose is to provide policymakers with objective and up-to-date scientific assessments of climate change, its impacts, and potential adaptation and mitigation options.
Key Matters and Considerations in ESG
Here are key points about the Intergovernmental Panel on Climate Change (IPCC):
– Scientific Assessment: The IPCC conducts comprehensive scientific assessments of climate change based on the latest research from thousands of scientists worldwide. It reviews and synthesizes existing scientific literature to provide a clear understanding of the current state of knowledge on climate change.
– Reports and Assessments: The IPCC publishes assessment reports approximately every five to seven years, which are widely regarded as the most authoritative and comprehensive sources of information on climate change. These reports cover various aspects, including the physical science of climate change, impacts and vulnerabilities, adaptation measures, mitigation options, and socio-economic aspects.
– Working Groups: The IPCC operates through three working groups. Working Group I focuses on the physical science basis of climate change, Working Group II addresses impacts, adaptation, and vulnerability, and Working Group III examines mitigation strategies and policies. Each working group assesses specific aspects of climate change and produces a corresponding report.
– Policy-Relevant Guidance: The IPCC aims to provide policymakers with objective and policy-relevant guidance based on scientific evidence. Its reports are designed to assist governments and other stakeholders in making informed decisions and formulating effective climate policies.
– Government Approval: The IPCC reports undergo a rigorous review process involving experts and governments. They are subject to review and approval by governments, ensuring that the assessments reflect a wide range of perspectives and are scientifically robust.
– Special Reports and Supplementary Materials: In addition to its assessment reports, the IPCC also publishes special reports on specific topics as requested by the member governments. These reports may focus on issues such as land use, oceans, and cryosphere, and provide more detailed insights into specific aspects of climate change.
– Influence on International Climate Policy: The IPCC’s assessments and reports have had a significant impact on international climate policy and negotiations. They provide a scientific basis for global climate agreements, such as the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement, and inform discussions on emission reduction targets, adaptation measures, and climate finance.
The Intergovernmental Panel on Climate Change (IPCC) plays a crucial role in synthesizing scientific knowledge on climate change and providing policymakers with the information needed to address the challenges posed by climate change. Its work has helped shape global climate policies and foster international cooperation in mitigating climate change and building resilience to its impacts.
About GreenCo ESG Consulting
GreenCo is a professional ESG advisory firm accredited with ISO 9001 in ESG Reporting and Climate Policy Advisory Services. Established in 2016, we were born to tackle ESG and climate risk management challenges. GreenCo has a professional team consists of talents with multiple backgrounds with
- PhD
- Practitioner Member of the Institute of Environmental Management and Assessment (IEMA)
- CFA (the CFA Institute) and Certificate in ESG Investing
- EFFAS Certified ESG Analyst (CESGA)
- Completion of Certified GRI Training Programme
- Certified Public Accountant (for assurance in accordance with ISAE 3000)
- Member of Global Association of Risk Professionals
- Master’s degree in envirnomental science
GreenCo has solid track record in ESG advisory for over 70 listed companies in Hong Kong, Mainland China, Singapore and Korea, covering all industries under the Hang Seng Industry Classification System.