This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Originally published on SIA By Renee Thompson, Wesco International; Chair, SIA Environmental, Social and Governance Advisory Board Greenhouse gas (GHG) accounting and reporting have become crucial practices for organizations worldwide as they strive to address climatechange and meet stakeholder expectations.
The result: A single source of truth but an overwhelming, unwieldy document whose purpose often is poorly understood by internal audiences. We see a growing number of investors using this information and contacting us to discuss their priority topics — most frequently climatechange and diversity, equality and inclusion.".
Additionally, the Intergovernmental Panel on ClimateChange (IPCC) provides a methodology used for GHG inventories , including industrial processes, transportation, and energy use. First and foremost, the emissions data can be used to document day-to-day compliance with air emission permits and standards.
Report carbon performance data to an outside organization, such as CDP or Sustainalytics. CDP, for example, uses a standard questionnaire for all companies. Research on CDP Shows Flaws?—?but In 2021, more than 13,000 companies completed CDP’s annual questionnaire. because of climatechange. They were wrong.
These additional requirements include reporting on scope 3 GHG emissions, conducting a climate risk assessment to identify risks in alignment with the TCFD, completing the CDPclimatechange questionnaire and committing to developing a science-based target validated by the SBTi. Who does it affect?
In recent years, the global focus on sustainability has shifted from a sole emphasis on climatechange to a broader consideration of nature and biodiversity. Status of the TNFD Guidance The Taskforce has already published multiple documents and materials since its foundation in 2021.
Climate crisis. The CDP Global Water Report (2020) informs us that, when it comes to water security, “The cost of inaction is five times the cost of action.”. The data collected and the outcomes achieved can be fully documented in any standard ESG reporting frameworks. Water is often an overlooked component in ESG.
The bank announced that by 2025 it expects 80% of its vendors by spend to submit greenhouse gas emissions to CDP. Deutsche Bank CEO Christian Sewing said: “We are committed to playing our part in fighting climatechange, and we want to document transparently where we stand on our path to net-zero.
In the spirit of the transparency we prioritize, we've posted material that our investors have expressed an interest in seeing, including the company's 2020 Task Force on Climate-related Financial Disclosures (TCFD) Report , the Aflac U.S. 2020 EEO-1 Disclosure and the company's Carbon Disclosure Project (CDP) submission.".
As the focus sharpens on how governments and businesses are turning net zero commitments into action, We Mean Business Coalition, CDP, Ceres and Environmental Defense Fund have this week released a new report to help companies accelerate their climate journey – via credible climate transition action plans (CTAPs).
Speaking at the Summit for a New Global Financial Pact in Paris, David Craig, co-Chair of the TNFD, said that with nature-related data still being in its “early days [and] still very new” the information landscape is still not well-connected and inaccessible – “we need to make that easier”.
As one of the most cost-effective methods of fighting climatechange, nature-based climate solutions (NBS) have the capability to provide one third of the solutions to reach the 1.5 ° C pathway according to McKinsey and the World Economic Forum , and business has a vital role to play. . REPORT AND COMMUNICATE TRANSPARENTLY .
All regulations, whether based on the ISSB standards or the EU or China’s own standards, have the Taskforce of Climate-Related Financial Disclosure (TCFD) principles inbuilt. This means companies MUST consider the financial risks of climatechange on the company’s financial situation – short, medium and long term.
Moreover, companies will use voluntary frameworks and surveys such as GRI, SASB, CDP, UNGC, and Ecovadis to answer requests from customers, investors and other stakeholders. Countries and companies have taken responsibility for climatechange and raised their carbon emissions reduction ambition.
Arguments throughout the two weeks of COP15, largely over financing, were largely allayed at the end, but the GBF too often lacked numerical targets and time-bound commitments for a document aimed at reversing decades of over-exploitation by the end of the decade. These are signals about what needs to happen on the ground. Finance showed up”.
Global water scarcity is well-documented and creates significant financial risk to investors who fail to account for water risk in their portfolio. According to the CDP , the potential financial impact of water risk to corporate earnings is in excess of US$301 billion while mitigating those risks is estimated to cost 1/5 th that amount!
The Unacceptable and Immense Human Health Impacts of Climate Breakdown The Universal Declaration of Human Rights has served as a guiding document for the United Nations and its member states since 1948, establishing the agreed rights afforded to all humans across the world.
We can’t achieve net zero without looking into forests and the role they play in mitigating the effects of climatechange,” says Alison Lee, Responsible Investment Manager at London CIV, one of eight UK local government pension schemes. .
global companies, 161K+ company documents, and 8.3M+ CSRD disclosure requirement data points.[1] Companies show higher readiness in areas they directly control, including G1 Business Conduct, S1 Own Workforce, and E1 ClimateChange. Direct control areas show promising readiness.
Sustainability questions are being embedded into requests for proposal documents and onboarding materials. Ballen, who recently took on her new role at Indigo Ag, says her time working in the food and beverage sector shed light on "just how important agriculture is to a sustainable future and the climatechange battle.". —
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content