TCFD
Activating Climate Change Management in the ICT Industry
With the expected growth of the Communication Services industry, concerns related to energy use, product sustainability, and CO2 emissions are expected to increase, too. For this reason, these issues naturally form part of the top priorities of materiality matrixes of organizations in the industry. Developing a climate strategy provides a great opportunity to activate materiality on these topics and ultimately, reduce companies’ impact on the environment. This article explains how organizations can improve their longevity and resilience by identifying and assessing climate risks and opportunities associated with their business and provides practical steps for developing a corporate climate strategy.
How the Postal Industry is making progress on aligning with 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.
2022 CSA Learnings to Accelerate Your Sustainability Program
Participating in ESG ratings such as the S&P Global Corporate Sustainability Assessment (CSA) and CDP can be a great tool to sharpen your sustainability approach. This article elaborates on some of the main ESG challenges that we at Finch & Beak observed in the 2022 CSA cycle, explains why a strong governance structure, double materiality, and implemented TCFD recommendations are great assets in your sustainability toolbox, and suggests steps to take your organization’s sustainability program to the next level.
New ESRS Framework: Impact on Sustainability Reporting in Europe
Earlier this year, The European Financial Reporting Advisory Group (EFRAG) published the exposure drafts for the new European Sustainability Reporting Standards (ESRS). The development of this framework was requested by the European Commission in response to the need to have a single European-wide framework aligned with the requirements of the new CSRD directive. The draft version of the framework that is still under public consultation by various stakeholders highlights which new non-financial reporting features the European Commission wants to advocate for. Most notably, that of double materiality to determine which sustainability priorities are set to become mandatory, and the reporting sustainability indicators that will have to include the entire value chain and be considered from a short-, medium-, and long-term perspective.
What Each Sector Needs To Do To Achieve Net Zero
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.
How to Keep Global Warming to Within 'Safe Levels'
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.
Impacts of Climate Change on Human Society
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 Latest Climate Science from the IPCC
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.
TCFD Alignment Lessons from the Insurance Industry
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.
