The way our economy currently operates is undermining the foundations of our prosperity because it destroys the natural bases of that very economy. Overuse of resources and climate change are prime examples. Green Economy, sustainable production and sustainable consumption are therefore the overriding aims in the area of economy and consumption.
The consequences of climate change pose economic risks for companies. A recent study by the German Environment Agency (UBA) shows that only about half of the DAX 30 companies report publicly on these risks. None of the 100 largest companies studied provides information on whether the corporate strategy is resilient to stronger climate change.
Climate change will affect the frequency, intensity and regional occurrence of extreme weather events and lead to gradual climatic changes. Although impacts appear locally at first, they spread beyond political borders due to the global physical and economic interconnectedness. A new UBA report provides an overview of the potential impact chains of global climate change on the German economy.
Greenhouse gases, nitrogen emissions and other environmental pollution cause damage to human health and destroy ecosystems. They also lead to production losses, crop losses and damage to buildings and infrastructure. For many of these damages, there are established scientific methods to express them in monetary terms.
Nearly three quarters of the greenhouse gas emissions in the life cycle of a product are generated as early as the production stage, says a study for the German Environment Agency (UBA) which focuses on the greenhouse gas emissions of online retail (“Greening E-Commerce”). The study reports that the share of retail and transport accounts for only one to ten percent of total emissions.
A virtual journey to a high alpine glacier, rescued crockery, recyclable denim production or the revival of old variety vegetables – the winners of the German Federal Ecodesign Award look for solutions to a more sustainable lifestyle with pioneering projects that are both ecological and excellent in their design.
In 2015, the United Nations adopted 17 goals for worldwide socially, ecologically and economically sustainable development (Sustainable Development Goals, SDGs). The SDG 12 database shows which developments have taken place in Germany since then with regard to Goal 12 "Ensure sustainable consumption and production patterns". It currently comprises more than 120 activities.
The German Environment Agency (UBA) reports positive environmental performance 30 years after German reunification. Air, water and soil much cleaner – climate change remains greatest challenge.
How can businesses ensure protection of the environment and human rights in their global supply chains? How can the state support them in this and what guidelines are necessary? A recent study commissioned by the German Environment Agency (UBA) has the answers to these questions.
This is the message of a virtual panel discussion hosted by OECD, UBA and UNEP in the context of current debates on the vulnerability of global value chains to crises and the legal regulation of human rights and environmental due diligence. The discussion focused on the need to better dovetail environmental protection and respect for human rights.
In Germany, some 560,000 end-of-life vehicles arose in 2018. Recycling of these vehicles complied with the European recycling and recovery targets, yet the whereabouts of around 310,000 vehicles are unknown. UBA therefore recommends the introduction of minimum requirements for vehicle registration systems in respect of deregistration of vehicles.
Sources of natural hazards, such as heavy rainfall, flooding, winter storms or lightning, can cause major accidents. Climate change can change the intensity, frequency and local distribution of such sources of hazards. Operators of installations in which large quantities of hazardous substances are present and the authorities responsible for them must therefore adapt their risk management.
In cooperation with the United Nations Environment Programme (UNEP) and the Organisation for Economic Cooperation and Development (OECD), the German Environment Agency (UBA) is hosting a session on environmental due diligence in global supply chains on June 25, 2020, as part of the "OECD Global Forum for Responsible Business Conduct". The event takes place online.
