The Race to 1.5°C started More and more companies are setting net-zero targets in line with 1.5°C by the SBTi. Since the last two years, the number of participating companies has more than doubled each year. In particular, European companies are leading the way.[1] As part of the publication of the Net Zero standard, four…
Why do we need carbon removals? According to current science, such as the IEA (International Energy Agency) and the latest report by the IPCC (Intergovernmental Panel on Climate Change), carbon removals are critical to addressing climate change. Reductions in emissions are essential, but not sufficient to stay below the 1.5 degree. Therefore, it becomes clear…
Originally scheduled for 2021, the United Nations Climate Change Conference, also known as COP27, was rescheduled due to the COVID19 pandemic and now held in Sharm El Sheikh, Egypt, starting on 06. Nov. 2022. After a 40 hour delay the negotiating countries finally came to an agreement in the early morning of Sunday 21. Nov.…
The EcoVadis Supply Chain Assessment EcoVadis is a supply chain assessment which helps companies to understand and quantify sustainability risks within their supply chain. Unlike individual questionnaires or very specific ones like CDP, EcoVadis offers a standardized approach which is able to compare the performance of companies with entirely different profiles on a rating scale…
What are the TCFD recommendations? For years, there has been an increased demand from the capital market for reliable and comparable information from companies on the impact of climate change. For this reason, the G20 Finance Ministers established the Task Force on Climate-related Financial Disclosure (TCFD) in 2015. Since 2017, it has published recommendations to…
For companies who want to remain competitive it becomes increasingly important if not inevitable to report on GHG emission avoidance concerning all kinds of business operations. Investors, new political regulations, and other external stakeholders are demanding companies to disclose relevant information on their efforts to contribute towards climate change mitigation. This development is reflected in…
Revising the CoP: Background The UN Global Compact (UNGC), a non-binding United Nations pact, encouraging firms and businesses to think of, adopt and report on more sustainable methods. To ensure a more straightforward reporting it has identified 10 principles (The Ten Principles | UN Global Compact) forming a value system companies should adopt when conducting business. These principles…
What is the IPCC? The Intergovernmental Panel on Climate Change (IPCC) is the United Nations body, presented by hundreds of scientists and other experts, that commissions expert reports on the state of the climate. Approximately every seven years the IPCC publishes a new Assessment Report (AR) within its assessment cycle consisting of four parts which…
Nowadays companies are increasingly facing the needs of their stakeholders, investors, and society more broadly in the field of ESG. Stakeholder demands are shifting, they are more and more demanding the disclosure of a company’s sustainability efforts, legal demands are obliging businesses to implement practices that avoid damage but benefit the natural environment, and investors…
Increasingly, investors, regulators, stakeholders and the public are holding companies accountable for sustainable practices. Recent legislation also highlights the relevance of corporate sustainability developments. The Sustainable Finance Disclosure Regulation (SFDR) is one of the European Union’s legislative instruments to make Europe’s economy more sustainable. It prescribes comprehensive sustainability disclosure requirements covering a wide range of…
