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In September, five of the leading reporting groups (CDP, CDSB, GRI, IIRC and SASB) issued a statement of intent to work together to create a comprehensive global corporate reporting system and a mere two months later, IIRC and SASB announced an intent to merge to become the Value Reporting Foundation. .
As the number of severe weather events continues to rise across Canada and globally, it’s evident the fight against climate change is a constant threat to our world’s health, safety, and sustainability. Tackling sustainability beyond an organization’s own operations – across the supplychain – is the next big challenge.
To their credit, the sponsors of several prominent initiatives to promote climate-related disclosure (such as CDP) expressly request information on organizational risks and plans to address them. Thus, adaptation of the supplychain to increase resilience represents an important ESG consideration. The elephant in the room.
For the second year, Inogen Alliance was an official sponsor of the event with Associates Anew Global Consulting, Antea Group USA, Antea Brasil, Baden Consulting, Chola Risk MS, HPC Envirotec France, HPC Italy, Peter J. Ramsay & Associates and Tonkin + Taylor. This new version aims to streamline and simplify the standard.
For years, corporate reporters — those inside companies responsible for creating sustainability reports and reporting environmental, social and governance data to various other organizations — have been frustrated by what many refer to as an alphabet soup of standards and frameworks: CDP, GRI, IIRC, PRI, SASB, TCFD, UNGC and more.
"Finance professionals make up a fraction of the global population but are positioned to make and incentivize decisions that can shape the trajectory of the global economy," observed Ogechukwu Anyene, energy consulting manager at PowerAdvocate, who was part of the Emerging Leaders cohort at GreenBiz Group’s inaugural GreenFin event.
Against this backdrop, GRI is speaking at a series of COP15 events this week, as well as hosting global webinars for stakeholders, to share more about the more insights on the draft Biodiversity Standard and the cooperation efforts with other initiatives. ( 14 December,10:30 EST; Delta Hotels Montréal, and online).
As the frequency and severity of extreme weather events rise, regulatory bodies and investors are placing greater emphasis on climate-related disclosures, making it essential for companies to integrate climate considerations into their strategic planning.
Investor scrutiny of company pledges to avoid deforestation is intensifying ahead of a 2025 deadline, according to speakers on a stewardship panel at ESG Investor s second Nature Data for Institutional Investors event. The number of focus firms increased from 40 to 60 in June.
The initiative is a collaboration between the Carbon Disclosure Project (CDP), World Resources Institute (WRI), the World Wildlife Fund (WWF), and the United Nations Global Compact, which Chemours signed in 2018. These statements are not guarantees of future performance.
On November 4, 2021, EcoVadis staged its B2B Sustainability Forum for the Americas, an annual event in which sustainability and procurement professionals exchange best practices to build sustainable value chains. The importance of supplychain emissions in formulating carbon reduction commitments can scarcely be overstated.
The evolving climate drives physical risks—damaged or stranded assets and business-interruption costs from severe weather events. For example, one provider calculates a company’s physical risk based solely on its headquarters location, despite its global supplychain stretching across far-flung manufacturing locations.
Companies working toward net zero emissions are scrutinising their supplychains. CDP data shows that over 330 multinational corporations, with a purchasing power exceeding US$ 6.4 Consumers are increasingly inclined to support brands that demonstrate a commitment to addressing the climate crisis.
Relive the Acer Green Day event in full or watch the highlight video to see how Acer is calling on partners and suppliers to join its Earthion mission and amplify the positive impacts on the environment. Acer Green Day 2022: Full Event. SOURCE: Acer. Setting Sustainability Goals. Acer set multiple goals and commitments in 2021.
Read the 2024 Wesco Sustainability Report here Sustainability Approach Wesco is recognized as a premier distribution and supplychain services company with a history of success in meeting our customer needs and integrating sustainability into our operations.
As such we’ve set global sustainability targets which focus on delivering three key priorities – a sustainable supplychain, environmental protection and social responsibility. We are on-track to meet other critical supplychain goals, especially those relating to animal welfare.
Supplychain links to deforested land are notoriously hard to decipher; some say governments need to unlock key economic data to move the needle. The existential threat of deforestation is a well-treaded subject. Today, they have a deforestation policy and commit to be deforested free in 2025. billion across 211 companies.
Risk Management – Yum China has conducted risk screening, and disclosed how climate-related risks are effectively addressed within its existing risk management measures in four aspects: restaurants, supplychain, logistics, and product and services. Learn more about Yum China’s TCFD report here. Forward-Looking Statements.
We’ve seen another record year of deadly, extreme weather events that are costing us lives, impacting vulnerable communities, and amassing hundreds of billions of dollars in damages. Co-hosted by AIGCC, CDP, Ceres, IGCC, IIGCC, PRI and UNEP FI. This event will be live-streamed. The work at COP27 can further support the U.S.
Committed to providing customers with delicious, safe, nutritious, and high-quality food, the Company further enhanced food safety management through an industry-leading intelligent and digitalized supplychain management system. Reaffirmed its commitment to nutritional improvements through product innovation.
See our TCFD index for references to our CDP response and portions of this report on how we address the eleven recommendations of TCFD. The identification of emerging climate risks is informed by external scans of megatrends, consultancy and industry reports, peer CDP disclosures, TCFD reports, annual reports and 10-Ks. C campaign.
First and foremost, organizations must talk about change alongside practicable efforts to enact it — and validate and ensure accountability for those efforts by measuring them against standards like the 17 United Nations Sustainable Development Goals and CDP's disclosure standards. Here are some of the takeaways from that discussion.
The initiative is a collaboration between the Carbon Disclosure Project (CDP), World Resources Institute (WRI), the World Wildlife Fund (WWF), and the United Nations Global Compact, which Chemours signed in 2018. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized.
AMD focuses its efforts on key issues that have the greatest impact on its business and society, determined through an ESG materiality assessment [i] , including environmental sustainability; digital impact; diversity, belonging and inclusion; and supplychain responsibility. “We since 2020.
Knowing Physical Threats Enhances Risk Assessment The number of companies that acknowledge climate change’s direct financial impact grew 24% in 2023, according to a CDP Worldwide survey. Physical risks and opportunities are another. But transition risks continue to command more of companies’ attention than physical risks.
At GreenBiz 23 in Arizona last month , I shared a platform with experts working across public procurement and business to discuss carrots, sticks and tech – all tried-and-tested approaches to decarbonizing supplychains. This is a popular topic. Yet addressing Scope 3 emissions can be really challenging for companies.
In a new report focused on quantifying such risks in the apparel supplychain , sustainability-focused think tank Planet Tracker examined 29 top brands on their propensity to report their water impacts and dependencies, and to fix targets to reduce their water footprints. It’s clear that more companies need to step up.
In this article, I’ll summarise key sustainability events defining 2021 and then present four sustainable ESG trends that will settle companies’ environment in 2022. Complex SupplyChains designed to run efficiently failed under the pandemic. ESG trends in 2022: Sustainable SupplyChains.
million per year or more) to report their Scopes 1, 2, and 3 GHG emissions, identify and calculate their climate-related financial risks, have SBTi (Science Based Target Initiative) validated GHG reduction targets, and disclose through annual CDP (Carbon Disclosure Project) reporting. There are three important regulations to be aware of: 1.
Vodafone has teamed up with CDP to develop a reporting and best practices framework to help telecoms businesses address greenhouse gas emissions in their supplychains. The rules will ban imports of coffee, beef, soy and other commodities if their supplychains are linked to deforestation.
This theme cut across a panel discussion focused on water stress at ESG Investor’s Nature Data for Institutional Investors event. Satellite technology Satellite data was also discussed as one nascent way to tackle risks such as water security during the event.
SR Inc held our second quarterly 2023 Executive Symposium on June 22nd at simultaneous live events at the Salesforce Tower in San Francisco, CA and the Cambridge Innovation Center in Cambridge, MA, as well as virtually. For more on the event, refer to our prior blog post “ 2023 SBER Q2 Symposium.”
The National Oceanic and Atmospheric Administration (NOAA) and NASA reported 2022 to be one of the hottest years with some of the most extreme – and most costly – weather events on record 4. READ MORE We have been recognised for leadership in corporate transparency and performance on climate change by the global environmental non-profit CDP.
Therefore, developing a basic map of your emissions in both your operations and in your supplychain should be the first step. Beyond the company’s operations, there are other emissions produced in the supplychain. Moreover, according to CDP, supplychain emissions are on average 11.4
Today, the international non-profit CDP published a report analysing the disclosure of around 19,000 companies globally. CDP work closely with the UK Transition Plan Taskforce, which is developing mandatory standards for listed companies and financial firms to ensure plans are comparable.
In a huge step forward for net zero economies and supplychains, the U.S. government – the world’s largest purchaser – proposed that all federal contractors must set science-based targets and disclose their environmental impact through CDP, following in Norway’s recent footsteps. C-aligned science-based targets.
A new partnership will see the companies support vital habitats for native wildlife in the US, investing a combined $15 million in the project. And in heavy industry, Swedish steelmaker SSAB has estimated a boost of almost $1 billion to its annual profits by 2030 from its shift towards carbon-free metals production.
New data shows that the number of companies and financial institutions setting science-based targets for greenhouse gas (GHG) emissions reductions is continuing to grow amid more frequent extreme weather events and socio-economic instability. “Energy costs, inflation and supplychain snags shaped an extraordinarily challenging operating environment (..)
In this article, I’ll summarise key events defining 2022 and present four sustainability trends that will prepare you to create an impact in 2023. Examples are the Swiss art 964 and the German supplychain act. Figure 3: Calculated impacts of company A for the fiscal year 2019 (own operations and upstream supplychain).
Kirk said data gaps would continue to prevail despite the introduction of mandatory disclosure requirements in major jurisdictions, partly due to the wide and fluid range of ESG risks beings being monitored and managed by asset owners, both within investee firms directly and along supplychains. “As
“I hope in 2023 we will start to see transition plans at every level – with companies, countries and international institutions setting out their routes towards a net zero future – give it a go and get involved.” In analysis recently prepared by non-profit CDP, of those organisations who have disclosed a transition plan, only 0.4%
Sports brand Puma has committed to source its cow leather from deforestation-free supplychains. The so far unverified government satellite data, showing that the crucial ecosystem shrank by 2,600 square kilometers in the first half of this year compares to almost 4,000 last year, was welcomed by Indigenous leaders.
The initiative has received support from CDP and Salesforce , among others, while an initial survey showed that four out of five consumers would trust and be more likely to buy products bearing the FCA label. The initial contract will provide Scania with sustainably produced steel for building its trucks.
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