Change is here
Hundreds of thousands of people are following the lead of Greta Thunberg and marching the streets.
Consumer and employee expectations for corporate climate action are soaring.
Investors are demanding to know how companies are assessing, evaluating, and reducing climate-related risks and seizing opportunities.
Regardless of whether they come from more or less carbon-intensive sectors, companies are responding by raising the bar: making bold emissions reduction targets to contribute to the goals of the Paris Agreement, engaging their customers and suppliers in climate action, and disclosing to initiatives such as CDP.
Yet, at the same time, building a pragmatic, data-driven, and ambitious approach to climate action that delivers real value for your business can be summarised as a straight-forward five step approach. Don’t believe us? Read on.
We’re proud to have supported so many corporations on their sustainability journeys and are ready to share our expertise with you.Get in touch to see how we can help.
Head of Corporate Climate Leadership
1. Understand risks and impacts
Undertake a forward-looking climate risk assessment to see how a changing climate, more ambitious environmental policy, and consumer trends expose your business to risks or bring new opportunities. Many companies are also starting to measure their water and plastics footprints to have a wide understanding of their environmental impacts.
2. Design sustainability strategies that deliver business value
Even if your footprint mainly lies outside of your company’s own operations, you can still broaden your positive impacts by engaging suppliers and business partners to develop common objectives and design interventions to drive change.
Emissions reduction projects in and around your supply chain, obligatory contract clauses, and financial incentives may all form part of this.
3. Set targets
Gather planned and proposed internal and external initiatives in a long-term roadmap.
This will allow you to understand which impacts are expected when and to use this knowledge to develop climate and other sustainability targets. These can take different forms. For instance, relative targets based on the carbon intensity of impacts compared to revenues or production volume, or absolute targets, such as greenhouse gas emissions or energy reduction.
4. Take climate action
Climate action can take many forms.
These include on-the-ground interventions to become more efficient in your use of resources, renewable energy procurement and onsite solutions, and buying carbon credits to support emission reduction projects.
To maximise the value of your climate action, it should have a strong connection to places, communities and actions relevant to your business and brand. This can also help you adapt to the physical risks climate change poses to your operations and supply chains.
5. Announce commitments and disclose progress
It's time to let customers, employees and investors know about your climate actions.
Emphasize your company’s commitment to climate targets and objectives through an annual sustainability report, including a public statement from your CEO.
Even better, you can launch actions that involve your audiences in your sustainability journey.
And don’t forget, no climate leader is an island: by being open and transparent about your progress, you can inspire action by peers and suppliers, forge new partnerships, source new funds from research and development programmes, and increase the engagement of customers and employees with your company.
Media, Publication, and Reports
Below you can access additional information and background information related to the Climate Leaders Programme.
Webinar Recording and Background Documentation
South Pole Publication
- South Pole White Paper on TCFD Preparedness
- South Pole Blog
- South Pole News Article - LM Wind Power Achieves 2018 Goal of 100% Carbon Neutrality
Also of Interest
- Climate Leaders Platform
- UN Environment, The Emissions Gap Report 2017 - A UN Environment Synthesis Report
- Rockström , Johan et. al (2017), A roadmap for rapid decarbonisation, in Science Volume 355 Issue 6331
- World Economic Forum Global Risk Report 2018
- Business and Sustainable Development Commission - Better Business, Better World
- Business and Sustainable Development Commission - Valuing the SDG Prize, January 2017