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1 Refer to The GreenhouseGasProtocol for scope definitions. Together, these goals will ensure that Key not only achieves carbon neutrality, but also continues to reduce our emissions overall. To learn more about Key’s ESG efforts, read the 2021 Environment, Social, and Governance Report here.
We also consider other leading reporting frameworks, such as the Stakeholder Capitalism metrics developed by the World Economic Forum, to determine which data to include in our tables. enhancing our reporting. Please refer to the relevant footnotes for information about Chevron’s data-reporting basis.
The widely adopted GreenhouseGasProtocol (GHG Protocol) is flexible by design, allowing users to tailor metrics to meet their specific business needs. GHG Protocol and Scope 3. 7] 2019 Refinement to the 2006 IPCC Guidelines for National GreenhouseGas Inventories, 6.58, Table 6.17. [8] 1] [link]. [2]
There are a number of definitions of net zero and how companies can achieve it. Corporate net-zero pledges have gained significant traction as half of the world’s largest companies , representing an annual aggregate revenue of US$27 trillion, are committed to net zero. 2030 is not far away. 2030 is not far away.
While many of the GHG emissions reduction projects are still in the early stages of development, the company will evaluate, pursue and prioritize its GHG emission investments based on each project's rate of return. LyondellBasell will submit its climate goals to SBTi to be validated against SBTi guidance.
Develop : Work on an emissions reduction target in line with SBTi criteria. The Corporate Net-Zero Standard was developed with the intention of guiding corporate transition towards a state of net-zero in a way that is consistent with societal climate and sustainability goals and within the biophysical limits of the planet.
There is real momentum behind the IFRS Foundation’s move to develop international "sustainability reporting" standards. With the slow pace of standards development, companies are facing uncertainty about what information to collect. Corporate compliance officers will be up late scrambling to develop their carbon disclosure strategy.
In addition, there are industry/sector specific standards in development. However, the ISSB is working with the IAASB and the International Organisation of Securities Commissions (IOSCO) to enhance and develop general standards for assurance on sustainability reporting, building on existing concepts.
The ISSB standard comprises two separate standards – S1, Sustainability and S2, Climate – although additional themes are under development. It leaves the definition of materiality up to each company to determine, although this will likely be subject to verification by external auditors. What will the ISSB standard measure?
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