One of the joys of living in Europe instead of China is having most of the webinars and online meetings on decent times, instead of having to wake up at 3.30 am to engage in a technical conversation on climate change in the united nations working group (UNEP-FI Carbon portfolio). This week is the final call for feedback on this UNEP-FI report for investors on Climate Change and ESG (environmental, social and Governance) risks.
Climate Performance- measuring, reporting, cooperation
For companies to perform better in their Climate change goals, here are some best practices and trends just this week on this topic:
- Reporting news: Akzo Nobel (Chemical Industry) issued their year report including all their CSR and sustainability efforts, not just from themselves as a company, but taking in account their most important suppliers as well: https://www.akzonobel.com/report
- Cooperation news:A group of 43 CEOs from around the world make a statement to reach for higher goals with world leaders on climate change:
ESG Risk aversion, a different bird
Investing in greener and efficient technologies, cooperating with peers in the business world to create a bigger impact on your say on climate change is a different set of actions and different set of investments than reducing the risk of environmental social and governance risks. The investment in manpower, strategy and money are of a different kind of strategy; reducing risks can increase the value of the company for the market.
A green performance, a new risk
But opting for a new Climate changing, green performance approach to the company, as in Life cycle analysis and rewiring the company to a cradle to cradle model, CSR goals in the hart of the business strategy,making long term investments in R&D and green tech, opening up to peers to cooperate and share new knowledge, all these new investments could mean a new risk to your company. Therefore is it vital for companies who don’t just want to avoid ESG risks, but perform more sustainable, to take their time and make an effort to research on the risks and opportunities and make a sound proposal to share and stakeholders on what the new strategy could mean for People, Planet and profit of the company.
two birds one stone (www.evilenglish.com)