The newest CDP assessment results for 2021, published on December 7, provide a clear insight into the development of corporate transparency and the willingness by companies across the globe to undertake environmental action. This year a record-breaking 13,000+ companies reported their environmental data through CDP, submitting at least one of the available questionnaires (Climate Change,…
Slowly moving away from the COVID-19 lethargy and processing the latest IPCC report, the climate crisis has been omnipresent during the past couple of months. To limit global warming to 1.5°C, many countries have committed to drastically reduce greenhouse gas emissions and reaching Net-Zero. This however requires a comprehensive transformation across politics and all economic…
The debate on an ambitious climate target (Science-Based Targets) has increased among internationally active companies since the UN climate summit in Paris (COP21). The Paris Agreement marks a turning point for climate policy. Companies have a key role to play in achieving the COP21 goals. They have the opportunity to make an appropriate contribution to…
Until recently, companies have focused on estimating their own operational emissions under Scope 1 and 2. But setting emission reduction targets throughout the complete value chain is increasingly becoming a new business norm to mitigate potential risks and highlight a comprehensive approach towards supply chain partners and suppliers for creating beneficial synergies. So not only direct scope 1 from owned or controlled sources, and indirect scope 2 emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company, also all other indirect up- and downstream Scope 3 emissions along the value chain, which present a substantial part of a company´s GHG emissions, gain increasingly more attention from businesses.
To achieve its targets and align with the company´s vision and mission it is inevitable for an organization to take potential risks and opportunities into consideration. Since companies´ risks are embedded and in context with worldwide risks, topics which are regarded as worldwide pressing issues are at the same time company risks. Recently, the new Global Risks Report 2021 was published and provides an overview and estimation about the most pressing risks (WEF, 2021). To address current risks and recognize opportunities coming from them, the Carbon Disclosure Project (CDP) serves as a tool which supports companies to identify, assess and respond to climate-related risks and opportunities (CDP, 2021).
Businesses are increasingly interested in estimating and making claims about the greenhouse gas (GHG) emission impacts of their products and services. While they increasingly account for their Scope 1, 2 and 3 emissions, there is now a new concept gaining importance, namely Scope 4 emissions. Scope 4 emissions describe emissions that can be avoided through…
Carbon emissions in the supply chain can be fundamentally higher than those of a company’s operational carbon footprint. When discussing corporate emissions, most of us automatically start looking at electricity and other operational emission sources. But it is the Upstream Scope 3 emissions, and therewith the supply chain emissions, that often make up the largest…
Am 15. Dezember endete die diesjährige UN-Klimakonferenz, der COP25, ohne größere Fortschritte hinsichtlich der Finalisierung des Klimaabkommens von Paris verbuchen zu können. Wesentliche Entscheidungen wurden auf das kommende Jahr bzw. die nächste Konferenz vertagt. Hintergründe zur COP25 Die UN-Klimakonferenz bzw. (Welt-)Klimagipfel (engl.: United Nations Climate Change Conference) ist die jährlich stattfindende Vertragsstaatenkonferenz (Conference of the…
Each year in spring, thousands of companies worldwide are requested to answer the CDP questionnaires on climate change and/or water. What is the CDP Supply Chain Questionnaire? The CDP is “a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts”. The CDP collects data…
Read the guest blog DFGE wrote for EcoVadis on Science-based Targets. Climate change has been acknowledged for a few decades now. Many companies are making efforts into reducing their carbon footprints, making sure to mitigate climate change. To make sure these efforts actually help curbing climate change, a new trend is currently gaining momentum: science-based…
