Environment
Biodiversity Disclosures for CSRD and Beyond
In 2022, 31% of companies had already endorsed biodiversity-related initiatives according to the Carbon Disclosure Project (CDP), however, the majority is not translating these commitments into action. The need for businesses to understand and mitigate their impacts and dependencies upon nature is quickly increasing in importance as a result of the observed high pace of biodiversity loss and growing interest from diverse stakeholder groups. This article sheds lights on the emerging expectations of stakeholders, mainly investors, suppliers and regulatory bodies, by looking into the Corporate Sustainability Assessment (CSA) from S&P Global, the Carbon Disclosure Project (CDP) and the Corporate Sustainability Reporting Directive (CSRD), while presenting best practice examples and elaborating on the first key steps to be taken to respond to stakeholders’ interests and improve corporate disclosure and performance on biodiversity.
Successfully Implementing TCFD: Climate Scenario Analysis
This second article of our series titled 'Successfully Implementing TCFD' provides tips on how to conduct climate scenario analyses, suggesting concrete steps organizations can take in aligning with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. The scenario analysis is applied to the risks & opportunities identified as relevant for a company, as discussed in the first article of this series. This article explains how the financial impact of climate change can be determined in different scenarios and the accompanying download gives practical tips to assist your organization in overcoming three barriers that can prevent the successful implementation of TCFD.
Materiality Activation in the European Fashion Industry
As the need for increased focus on human rights issues and responsible supply chain management grows across industries, the upcoming EU Directive on corporate sustainable due diligence, published in 2022, will require organizations to provide consumers with more transparency when purchasing goods. This article elaborates on the implications for European companies, considers the environmental and social concerns that the fashion industry is facing, highlights inspiring progress by sustainable pioneers in the sector and then makes the case for human rights and supply chain management as foundational materiality topics and crucial elements for ESG acceleration. The downloadable checklist for materiality activation gives three tips to help your organization determine material issues.
Successfully Implementing TCFD: Risk & Opportunity Analysis
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.
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.
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.
TCFD Beyond Risks & Reporting: Practical Tips & Take-Aways
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.
Leveraging TCFD to Strengthen Your Climate Strategy
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.
How to Develop a Strong Climate Strategy
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.
