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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.
UNFCU's positive impact advanced 14 of the 17 UN Sustainable Development Goals (SDGs). UNFCU developed its 2022 Impact Report with reference to the Global Reporting Initiative (GRI). In close collaboration with GreenhouseGas Accounting specialists, the Credit Union tracked emissions using the GreenhouseGasProtocol standard.
The new rule-change proposal for public companies in the US to report enhanced climate-related risks is undoubtedly a positive development for the world’s largest economy. Acre is an executive search, leadership development & recruitment consultancy specializing in ESG and sustainability. SOURCE: Acre.
By aligning our efforts to the UN Sustainable Development Goals and incorporating sustainability into our business, we’re making real impact today and for the long term.”. Expanding the company’s talent sponsorship program, EXCELERATE, globally to advance the development of high-potential diverse leaders.
Workiva continues to develop and deliver innovative capabilities that ensure our end-to-end platform enables our customers to meet evolving ESG disclosure requirements,” said Julie Iskow, chief operating officer of Workiva.
Early in 2022, we assessed the 15 categories defined by the GreenhouseGasProtocol to identify and inventory the primary sources of our Scope 3 emissions for our semiconductor products. In other words, business and sustainability agendas will continue to drive demand for semiconductors. Chris Librie.
Company’s 2023 corporate sustainability report announces development of Scope 3 emissions reduction roadmap, operationalized through its employee-driven emissions reduction Carbon Out program Increased diversity and inclusion efforts saw $410 million spent to support diverse and small businesses, and an increase of 43.7%
Securities and Exchange Commission’s (SEC) climate disclosure regulation is a monumental shift from companies voluntarily developing a sustainability strategy to requiring registrants to provide annual data as an indicator of their ESG performance. However, a net zero target is no longer viewed as adequate.
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]
The GreenhouseGasProtocol defines Scope 3 emissions—which account for 70 percent of the average corporate total emissions 3 —as those that occur outside a company’s walls, including emissions tied to the purchase and disposal of products.
As passed in the Assembly, SB 253 ’s disclosure obligations would begin in 2026 for Scope 1 and 2 emissions, and in 2027 for Scope 3 emissions, with measurement and reporting to be performed according to the GreenhouseGasProtocol standards. Newsom’s statement follows recent comments by the U.S. SB 261 applies to U.S.
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. We also expanded our global employee diversity data to provide region and gender information.
Metrics and Targets – Yum China has developed a GHG emissions inventory across the entire value chain including upstream, downstream, and own operations, in accordance with the latest GreenhouseGasProtocol. The Company uses the GHG emissions inventory as the basis to develop GHG emissions reduction targets.
First, SCS completed a cradle-to-grave carbon footprint assessment of Raptic products in accordance with the global the GreenhouseGasProtocol Product Life Cycle Accounting and Reporting standard, including production processes, materials, distribution, packaging, and end-of-life disposal. cation, certi?cation,
AstraZeneca is a global, science-led biopharmaceutical company that focuses on the discovery, development and commercialization of prescription medicines used by millions of patients worldwide. Project Overview AstraZeneca, a global biopharmaceutical company headquartered in the UK, is partnering with Vanguard Renewables, a U.S.-based
Achieving this vision will require us to transition to low- and zero-emissions fuel sources, invest in our communities and develop and prepare a diverse workforce. Scope 1, 2 and 3 emissions are based on the GreenhouseGasProtocol. Taken together, these efforts will deliver long-term value for our stakeholders.”.
Over 50 biogas and biomethane trade associations and companies from around the world have written to the World Resources Institute (WRI), administrator of the GreenhouseGasProtocol , 1 calling for a rethink of its position on the use of biomethane certificates for greenhousegas reporting by corporate gas users.
Since 2020, we have matched 100% of our annual electricity use with new renewable energy and have a long history of partnering with utilities and renewable developers to bring new wind and solar energy projects to grids where we operate. By 2025 these wind and solar projects will have supported more than $14.2
In this blog post, we help you navigate the different steps involved in developing scope 3 emissions calculations. The very first step of developing a robust climate target or net zero roadmap is working out the total amount of greenhousegas (GHG) emissions in a company’s value chain, and understanding what’s driving those emissions.
Achieving net-zero begins with reducing greenhousegas emissions in the three categories, or Scopes, defined by GreenhouseGasProtocol, the international accounting tool. Dealing with the Scope 3 Challenge. Scope 1 covers direct emissions from owned or controlled sources.
This includes accounting for our scope 1 and 2 greenhousegas emissions consistent with GreenhouseGasProtocol guidelines. We will then develop four LEED-certified warehouse buildings on the site while creating hundreds of jobs in this densely populated area. Affordable housing.
Raised the bar on ESG reporting and disclosures through improved carbon emissions reporting and improved climate risk disclosures and greenhousegas intensity metrics. Working with the World Economic Forum's International Business Council to help develop consistent international frameworks for ESG reporting and accounting standards.
With global regulatory developments, stakeholder pressure for more transparency, and a growing search for information that provides a competitive edge, market dynamics are coalescing to bring ESG and impact measurements to the top of the business agenda. How do we Develop ESG and Impact Data Management Systems?
Developed as an international accounting standard by the GreenhouseGasProtocol, emissions are separated into three categories: Scope 1: Direct emissions Emissions from company-owned facilities, functions, and resources. To understand the progress that’s been made, it’s important to know how emissions are classified.
In 2015, the UN established 17 Sustainable Development Goals (SDGs). Many of our environmental, social and governance (ESG) priorities align with the Sustainable Development Goals , and we hold ourselves accountable by setting public goals and reporting annually on our progress.
Mondelēz 2022 Snacking Made Right Report Assessing Our Carbon Footprint We take a thorough approach following the internationally recognized GreenhouseGasProtocol (GHG Protocol) Standards to calculate, annually, our total carbon footprint across our end-to- end supply chain, covering Scopes 1, 2, and 3.
Since vehicle electrification has developed, the biofuels industry has begun pivoting to aviation. The GreenhouseGasProtocol (and other reporting mechanisms, such as CDP Climate Change) allows for part of the scope 1 emissions associated with the combustion of biogenic sources (i.e., Aviation Applications.
A focal point of our climate action efforts is reducing our greenhousegas (GHG) emissions, thereby doing our part to limit global temperature rise. To understand our total carbon footprint, we first looked at our emissions according to the three scopes of GHG emissions defined by the GreenhouseGasProtocol (right).
For corporations, this program enables them to score a win in improving the accuracy of their carbon footprints and in making progress toward their climate targets; and it does so while aligning to standards such as the GreenhouseGasProtocol (GHGP) and Science Based Target initiative (SBTi).
Being close to reality will also ensure that we develop methodologies that get industry uptake.”. It also opens the lid on the fact that unstandardized data has been widely applied, and that “The most used carbon accounting protocol in the world — the greenhousegasprotocol — has a lot of holes in it.”.
The targets used are those of the GreenhouseGasProtocol, the international emissions accounting tool which separates emissions into Scopes 1, 2 and 3, ranging from direct emissions from owned sources through to indirect emissions throughout a company’s value chain. .
CDP , Task Force on Climate-Related Financial Disclosures , and the GreenhouseGasProtocol ). Expect effective carbon reporting to develop over time. Use the free B Impact Assessment to evaluate your company’s impact on all stakeholders, including the environment, your workers, your community, and your customers.
The government has launched a tender, closing 24 March, for a seven-month long study to develop a new framework for cross-border REC transactions. It will seek endorsement from RE100, the GreenhouseGasProtocol and other global bodies.
Quintrace , a digital platform developed by Quinbrook Infrastructure Partners , is designed to give its customers real-time visibility into their hourly carbon footprint, while adhering to the latest carbon accounting standards for energy consumption, generation and storage.
Our carbon accounting tool uses the Global GreenhouseGasProtocol Scope 3 guidance, builds on the latest science, and uses both top-down (EE-MRIO) and bottom-up methodologies for scope 3 accounting. What were the key success factors in implementing the case study?
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.
It found that local authorities are well behind the private sector in terms of gathering and analysing key Scope 3 GreenhouseGas (GHG) emissions data which, according to the Local Government Association, represents between 70 and 80 per cent of a typical local authority’s total emissions 1.
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.
Yet increasingly, asset owners are not only setting greenhousegas (GHG) emissions targets for their mandates but are now articulating social values-related goals which they are mandating asset managers to address. Scoring qualitative social features is harder.
“Unfortunately, I think this is already happening today,” he continues, recounting his experience reading sustainability reports which avoid listing a business’s full Scope 3 (indirect) emissions, despite the business’s supposed alignment with the GreenhouseGasProtocol. From disclosure to transformation.
Increasingly, companies are being held accountable for T&L emissions with the GreenhouseGasProtocol , which includes any indirect emissions that occur across the corporate value chain. T&L is among the top 10 emissions sources in most industries , according to research based on CDP reporting.
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.
It follows an extensive request for information during which 70% of investors called for TCFD-based disclosure , including its recommendation to use GreenhouseGasProtocol standards for disclosing corporate GHG emissions. Over 90% of Fortune 500 companies report to CDP using GHG Protocol.
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