As postal companies face increasing pressure from regulators, society, and investors to act on climate and reduce GHG emissions, intensified net-zero actions and focused climate plans are crucial for the industry. This article elaborates on the ESG maturity of the top five postal companies, selected from a recent Finch & Beak benchmark study, highlights exemplary best-practice TCFD-alignment lessons to be learned, and suggests how companies can make and achieve climate goals by applying the TCFD recommendations.
The AR6 Climate Change 2022: Mitigation of Climate Change report elaborates on what is required across human society to decarbonize. This final article in the series about the highlights of the latest IPCC reports suggests what each sector can do to at least halve emissions by 2030 and concludes that if ever there was a crucial decade for climate action, it is now.
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.
With the growing demand for chemical products, the Chemical industry is facing increasing pressure to reduce its emissions. To reach net-zero and decarbonize the entire supply chain (therefore strongly focusing on Scope 3), the collaboration between chemical companies and partners is crucial to developing sustainable solutions. This article elaborates on carbon challenges that the sector is facing, as highlighted by a recent Finch & Beak benchmarking study on the maturity of the industry featuring 38 European chemical distribution companies.
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.