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YKK Corporation has released “This is YKK 2024” IntegratedReport showcasing notable progress in its journey toward climate neutrality and environmental stewardship. waste recycling rate YKK’s Sustainability Vision 2050 aims for climate neutrality and coexistence with nature by 2050.
The Association of ClimateChange Officers (ACCO). Certified ClimateChange Professional (CC-P) for mid-career professionals. CC-P Candidate Pilot Program for young professionals or professionals transitioning to a career in climatechange. Sustainability reporting certifications.
While the company’s use of the statement “carbon-neutrality” will be discontinued, the dedication to reduce its carbon footprint and finance climate action beyond its own value chain remains strong. There are a number of definitions of net zero and how companies can achieve it.
Alongside climatechange, other drivers of nature degradation include land, freshwater and ocean use change, resource use, pollution, and invasive alien species. While the TCFD framework and the GHG Protocol focused on GHGs, primarily as carbon dioxide (CO2) and methane, non-GHG emissions can have a damaging impact both on climate and nature.
To replace “ESG” for companies, as well as investors, I would propose use of the already familiar term “integrated.” One of the dictionary definitions of integrated is: with two or more things combined in order to become more effective. In support of the proposed integrated approach, here are a few points to be considered: 1.
General sustainability definitionsClimate risk Two types of climate risks exist, transition risks and physical risks. According to the EPA , transition risks are related to the transition to a lower-carbon economy, while physical risks are associated to the physical impacts of climatechange. Let’s get into it.
Our economic system has failed to address long-standing threats like climatechange, biodiversity loss, disease, water scarcity, and inequality. One of the byproducts of this form of economy is massive levels of climatechange-causing greenhouse gas (GHG). However, it remains focused on profit maximization.
Their current ESRS draft standards have three central concepts; Governance (topics include risk management and internal controls); Social (covering workforce, value chain, communities and consumers); and Environmental (covering climatechange, pollution, biodiversity and resource use). As with the ISSB, there is a financial focus.
Perhaps it is also the proximity of the developments in response both in Europe and at the global level – astonishingly fast in comparison to the highly measured pace in the world of financial reporting standards – which exposes the catalytic effect that each is having on the other. C are positive signs.
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