Is it still technically feasible to bring temperatures down to 1.5°C-2°C ? In this third article in the four-part series unpacking the key pieces of information from THE IPCC AR6 reports, we explore which monumental actions will be required to bring temperatures down to a safe level and limit global warming.
This article, the second in a four-part series unpacking the key pieces of information from the IPCC AR6 reports, provides insights into climate change impacts so far, how they will impact the world in the future, and suggests how humans can adapt.
The Intergovernmental Panel on Climate Change (IPCC) produces a set of major reports every seven years summarizing the latest climate science and its implications for human society. This article is the first in a series of four blog posts unpacking the key pieces of information from the reports and explores the key highlights from the AR6 Climate Change 2021: The Physical Science Basis report that considers the emissions pathway we are tracking, the topic of abrupt climate tipping points, and the logic of a 1.5°C versus 2°C target.
As more and more organizations are embarking on the TCFD journey and with the proposal for updating the ESRS being submitted which will incorporate alignment with TCFD, the extent to which organizations will be held accountable for integrating the recommendations will only increase. This article outlines why it is important for insurance companies to be aware of and develop an understanding of climate-related risks and opportunities, provides best practice examples of insurance companies implementing the TCFD recommendations, and suggests three tips for closing the gaps in TCFD alignment.
The most significant risks that organizations face today are related to climate change. The Task Force on Climate-related Financial Disclosures (TCFD) recommendations help organizations to understand and prepare for climate-related risks and capitalize on climate-related opportunities relevant to them. This article elaborates on the most important TCFD requirements, explains how organizations can integrate the recommendations and the downloadable roadmap outlines the 6 phases of the TCFD journey and suggests key activities, outcomes, and tools for each phase.
The recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) have the potential to be more than a risk and reporting framework. On Tuesday 24 May 2022, Finch & Beak hosted a webinar focused on TCFD, where guest speakers Steven Hather, Chief Risk Officer at Coca-Cola Hellenic Bottling Company, and Sam Gill, Principal Climate Change Consultant at SLR Consulting shared more on how to activate an organization's TCFD approach. This article shares highlights of the session, valuable insights into TCFD integration, engagement, and disclosure, and includes a downloadable checklist with three TCFD activation tips.
Climate change requires urgent action. It’s the next high-impact, high-probability risk facing organizations, and needs to be on the radar of forward-thinking business leaders. Future-proofing an organization requires a strong climate strategy and using the TCFD recommendations to understand and manage climate-related risks and opportunities is a great starting point. This article suggests five questions, aligned with TCFD, to ask when developing a climate strategy.
The demands for global market participants to progress on climate-related disclosure and transparency are increasing to enable a more resilient world economy. In this webinar, Steve Hather Group Chief Risk Officer at Coca-Cola Hellenic Bottling Company shared more about how they have used TCFD to better understand climate risks and opportunities as part of their inspiring ESG strategy (Mission 2025) and Sam Gill, Principal Climate Change Consultant at SLR Consulting made the case for why TCFD is beneficial, elaborate on the climate risk analysis process and shared some best practice tips.
Companies are facing immense pressure to evolve their business strategy in view of climate change. Indeed, climate-related concerns have increased exponentially in recent years among investors and other stakeholders. Developing a climate strategy entails having a plan to mitigate the company’s impacts on climate change, as well to adapt to the new circumstances arising from climate change. This article outlines the compelling case for having a strong corporate climate strategy in place, and suggests three steps to develop such a strategy together with a downloadable checklist.
More than a quarter of the world’s 2,000 largest publicly-traded companies have committed to a net-zero strategy, but do all of these companies have clear action plans in place to deliver on them? Finch & Beak’s forthcoming benchmark study on the European insurance industry dives deeper into how this sector is moving towards decarbonization. A preview of this work will be shared during the upcoming ESG Acceleration Webinar on Tuesday 1 March. The webinar also features a real-life case from Storebrand – the Nordic long-term savings and insurance company that is working to have net-zero greenhouse gas emissions across its investment portfolios by 2050.