The 2021 United Nations Climate Change Conference, also known as COP26, was recently held in Glasgow, Scotland. The conference was a significant global event bringing together stakeholders from the private sector, the public sector, and nonprofits, and the gathering led both to encouragement and disappointment in various groups. After the conclusion of the event our global teams took some time to analyze and came up with some key points to summarize the event and how it might impact our clients.

Private Sector Response

​Four of the world’s five largest car manufacturers have not signed a deal to eliminate new car emissions by 2040.

The offending quartet - Volkswagen, Toyota, the Renault-Nissan alliance, and Hyundai-Kia – have not showed their support to the pledge which is to be announced at COP26 today, despite months of pressure from the UK.

By signing the agreement, the signatories have pledged to end the sale of new cars that produce emissions in “leading markets” by 2035, and globally by 2040.

With the world coming together at COP26 to discuss action on climate change, Acre partnered with The London Institute of Banking & Finance to highlight all the work we are doing to make an impact.

Essity, a leading global hygiene and health company, and maker of the Tork brand, announced that its circular service, Tork PaperCircle, was showcased and used at more than 80 washrooms at the 26th United Nations Climate Change Conference of the Parties (COP26). This two-week long, global climate summit in Glasgow, Scotland marked a decisive moment for climate action, with a specific focus on scaling circular initiatives to decarbonize the economy and lead the way to tackle climate change.