On 31st January 2023, Finch and Beak delivered an ESG Acceleration Webinar to elaborate on how Swiss organizations can successfully implement and benefit from their TCFD-related efforts. During the session, Josephin Schulz, TCFD expert at Finch and Beak, and Peregrine Chard, Head of Risk at Ocado Group, outlined how organizations can use the TCFD as a strategic exercise to strengthen their climate-related activities while also sharing valuable hands-on examples and lessons learned. This article summarizes the webinar’s highlights while the download provides three ESG Acceleration Tips for leveraging TCFD.
The recent COP27 once again highlighted urgent topics that need global attention, results that were achieved (and unfortunately also those that were not), and provided enough challenges and considerations for organizations and countries to deliberate forthcoming change. A new agenda topic is that of loss and damage which unified countries in agreement about establishing a fund for assisting and supporting developing countries. In this article, we briefly elaborate on some of the main topics discussed, highlight takeaways of the event that are worth considering as part of an organization’s sustainability agenda, and specifically, consider how these challenges can be addressed through the activation of material ESG topics. The downloadable checklist for materiality activation is a helpful tool to support your organization in starting the process.
Although yielding many positive outcomes, unfortunately, this year’s COP27 proved that the clock speed with official negotiations is much slower than that by the actors of the real economy where the discussion is about speeding up the transformations and getting finances to flow. Different this year from previous conferences was that there is consensus that we can’t afford any other way than a way forward, towards 1.5°C. This article is a personal account by Peter Bakker, President and CEO of the World Business Council for Sustainable Development (WBCSD) summarizing the key takeaways and elaborating on why collaboration and accountability are the way to get from commitment to action.
This article is the first article in our series titled 'Successfully Implementing TCFD', explaining the different phases of Finch & Beak's Task Force on Climate-related Financial Disclosures (TCFD) Roadmap in more detail. This article focuses on the suggested phase of conducting a climate-related risk and opportunity assessment by sharing valuable insights on how to assess and understand climate-related risks and opportunities. The accompanying download provides practical tips to assist your organization in overcoming three barriers that can prevent the successful implementation of TCFD.
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.
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.
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.