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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. Such transparency would include the registrant’s greenhousegas emissions (GHGs), which are commonly used to assess risk exposure. SOURCE: Acre.
In the report, MetLife also provides information on its commitment to achieve net zero greenhousegas (GHG) emissions across the company’s global operations and general account investment portfolio by 2050 or sooner.[1] Emissions are tracked and reported in accordance with the GreenhouseGasProtocol.
In terms of Scope 3 emissions—those generated across our entire value chain—Applied has focused on establishing benchmarks and priorities that can inform future action. Most importantly, we’ll seek to develop and enhance industry partnerships to ensure collective and collaborative action towards our shared goals. Chris Librie.
These targets can only be achieved through transparency, cooperation and information sharing; however, there is no universal standard for capturing the relevant metrics. The widely adopted GreenhouseGasProtocol (GHG Protocol) is flexible by design, allowing users to tailor metrics to meet their specific business needs.
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.
DESCRIPTION: At Chevron , we strive to be transparent and improve our reporting on sustainability-related topics to help provide comparable and decision-useful information for investors and other stakeholders. We consider environmental, social, and governance information in both voluntary and mandatory disclosures. ESG data quality.
The ISSB standard comprises two separate standards – S1, Sustainability and S2, Climate – although additional themes are under development. The framework also received support from Canada’s 11 largest pension plans, representing more than $2 trillion in investment. What will the ISSB standard measure?
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%
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,
I started to see there was something we could do about the catastrophic fire problem, as long as we had the right information and worked together across jurisdictions, inclusive of different perspectives. I educated myself on the history of European settlers in America and their impact on U.S. We can be exclusively focused on the impact.
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
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. For more information on the company's approach to sustainability, click here. About LyondellBasell.
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.
We’ll offer a compelling case to investors who used focused criteria to inform their holdings. And most importantly, we’ll reduce our overall carbon emissions to provide much-needed relief for the over-accumulation of greenhouse gases in the atmosphere. 2030 is not far away. 2030 is not far away.
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?
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. More information is available at duke-energy.com.
Achieving net-zero begins with reducing greenhousegas emissions in the three categories, or Scopes, defined by GreenhouseGasProtocol, the international accounting tool. At SAP, we facilitate this by connecting businesses on trusted networks to share information and accelerate sustainable commerce for impact.
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.
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.
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. Microsoft Industry: Information Technology Headquarters: United States.
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).
“We had a conversation with the Baker Hughes team covering the challenges of life cycle assessment metrics— the greenhousegas emissions associated with materials entering into the supply chain have such a large margin of error, that companies across all industries have little to no confidence in the reported metrics,” says Tracy.
I started to see there was something we could do about the catastrophic fire problem, as long as we had the right information and worked together across jurisdictions, inclusive of different perspectives. I educated myself on the history of European settlers in America and their impact on U.S. We can be exclusively focused on the impact.
The new code aims to provide the information needed to scrutinise carbon credit claims and ensure they are underpinned by science-led action. . I do think it’s groundbreaking,” says Guy Turner, Chief Executive of Trove Research. “I I think it starts to answer the guidance question, which a lot of companies have been struggling with.”.
CDP , Task Force on Climate-Related Financial Disclosures , and the GreenhouseGasProtocol ). Expect effective carbon reporting to develop over time. Solution: Yes, releasing information about carbon emissions can be scary for companies. Find the right C-suite representative.
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.
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?
It’s essential that companies develop climate action and transition plans that center climate justice by placing the needs and voices of those who are most impacted by climate change at the forefront. Globally and in the U.S. and Canada, these populations are disproportionately People of Color and systematically oppressed communities.
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. While coming mandates are clear, the required disclosures are still a bit murky.
Develop : Work on an emissions reduction target in line with SBTi criteria. Communicate : Announce targets and inform your stakeholders. Corporate net-zero targets must consider all scopes 1 and 2 according to the GreenhouseGasProtocol Standard s. What is the Corporate Net-Zero Standard? zero emissions.
In addition, there are industry/sector specific standards in development. a statement that no matter has been identified by the auditor suggesting material misstatement) over all sustainability information, before moving to reasonable assurance (i.e. If transition relief is used, a firm would need to disclose this.
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.
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. Patell and Gavin point to issues with coordination, information, and motivation. There is regulatory and social pressure to act.
This information was to come in October 2018. 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.
Download this practical guide from B Lab that features information to help business leaders understand the intersection of climate action and social justice and advance a justice-centered approach to climate action. Most companies use the GreenhouseGasProtocol (GHG Protocol) to guide their emissions measurement.
GHG Inventory A GHG inventory is a detailed, methodical process used by businesses to systematically measure their emissions, usually following a recognized standard like the GreenhouseGasProtocol. Each step in the process builds on the last, helping businesses develop a comprehensive understanding of their carbon footprint.
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