Although some organisations have begun to apply traditional enterprise risk management (ERM) processes to the identification, assessment, and management of climate-related risks, the practice is not yet widespread or well developed. Lacking reliable information about how these risks are managed, investors are unable to properly evaluate the risk profile of an organisation or its securities. During this webinar, CDSB and HSBC offer insight into the key characteristics of effective risk management practices and what good practice disclosure looks like in line with the TCFD recommendations.
TCFD implementation webinar series - strategy with UnileverCDSB
Many organisations currently face impacts from climate-related issues, with important implications for businesses, strategy, and financial planning. Improved disclosures on current and anticipated risks and opportunities can enhance an investors’ understanding of how strategic functions are likely to be impacted over the short, medium, and long terms. This presentation by CDSB and Unilever offers insight into the principles for effective strategy disclosure and what good practice looks like. Visit www.cdsb.net for more information.
TCFD Implementation Webinar Series - Metrics and Targets with DanoneCDSB
This document summarizes a webinar on implementing the TCFD recommendations for climate-related financial disclosures. The webinar discusses metrics and targets, a core element of TCFD. It provides tips on disclosure including making qualitative and quantitative reports using existing standards and metrics. A representative from Danone discusses their process for implementing TCFD across strategic planning, operations, and finance to identify risks and opportunities and set targets.
Created by the Climate Disclosure Standards Board (CDSB) and the Sustainability Accounting Standards Board (SASB), the TCFD Good Practice Handbook offers real-world examples of TCFD aligned disclosures in mainstream reports across many G20 countries. Striking a balance between financial and non-financial sectors, the Handbook helps you understand how organisations in your industry are implementing the TCFD recommendations and provide insight into good practice techniques to enhance your own climate-related financial disclosures.
The building blocks for successful TCFD disclosure in conversation with Sue H...CDSB
To mark the launch of the building blocks guidance, this webinar focussed on trends in climate-related financial disclosure, key developments and how to use CDP disclosure and the CDSB Framework to satisfy the TCFD recommendations.
What You Need to Know: The EU Non-Financial Reporting Directive and what its ...CDSB
Speakers: Michael Zimonyi, Policy & External Affairs Director and Nontokozo Khumalo, Corporate Engagement Manager at CDSB.
The EU Non-Financial Reporting Directive (NFRD) came into effect in 2018 and requires listed companies and other public interest entities to disclose information on the way they operate and how they manage social and environmental challenges. In June 2019 the European Commission published guidelines on reporting climate-related information which included the integration of the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations. These guidelines supplement the existing Non-Financial Reporting Guidelines released in 2017.
The EU is now set to publish a fitness check of corporate reporting to assess the appropriateness of existing legislation, with a special focus on NFRD, giving way to a possibility of a reopening of the current regulation. In advance of these updates, there is a tremendous opportunity for companies to get ahead of the curve to ensure that they are complying with the EU reporting guidelines and prepared for potential new regulations.
During this webinar briefing, you’ll gain insight into:
Current requirements of the NFR Directive and Guidelines;
The state of corporate climate change reporting;
Potential impacts of a reopened NFR Directive and CDSB’s expectations going forward.
Decoding the review of EU's Non-Financial Reporting DirectiveCDSB
Video: https://youtu.be/Y8lvZKmluMM
Companies in the European Union with over 500 employees are required to comply with the Non-Financial Reporting Directive and disclose non-financial information on environmental issues. However, reporting to date hasn’t been sufficient both in terms of quantity and quality, and the EU Green Deal has made it clear that environmental and climate disclosure must improve. As a result, the Commission is reviewing the Non-Financial Reporting Directive, with a public consultation underway until May 2020.
Should large companies and financial institutions expect major changes? Given the ambitious EU Green Deal commitments and the gaps in reporting to date, it certainly seems so.
CDSB's Managing Director, Mardi McBrien, EU Policy Officer at Frank Bold, Joanne Houston, and CDSB's Policy and External Affair Director, Michael Zimonyi, joined this special policy-driven webinar to address:
- what may likely change in terms of environmental and climate reporting;
- who may be affected and how;
- what didn’t work and why; and
- what needs to be improved for the Directive to deliver on its intended purpose.
The building blocks for successful TCFD disclosure in conversation with Paul ...CDSB
To mark the launch of the building blocks guidance, this webinar focussed on trends in climate-related financial disclosure, key developments and how to use CDP disclosure and the CDSB Framework to satisfy the TCFD recommendations.
Perché e come rendicontare e comunicare le informazioni finanziarie relative a clima e ambiente - pratiche correnti, buone pratiche, risorse e consigli.
TCFD implementation webinar series - strategy with UnileverCDSB
Many organisations currently face impacts from climate-related issues, with important implications for businesses, strategy, and financial planning. Improved disclosures on current and anticipated risks and opportunities can enhance an investors’ understanding of how strategic functions are likely to be impacted over the short, medium, and long terms. This presentation by CDSB and Unilever offers insight into the principles for effective strategy disclosure and what good practice looks like. Visit www.cdsb.net for more information.
TCFD Implementation Webinar Series - Metrics and Targets with DanoneCDSB
This document summarizes a webinar on implementing the TCFD recommendations for climate-related financial disclosures. The webinar discusses metrics and targets, a core element of TCFD. It provides tips on disclosure including making qualitative and quantitative reports using existing standards and metrics. A representative from Danone discusses their process for implementing TCFD across strategic planning, operations, and finance to identify risks and opportunities and set targets.
Created by the Climate Disclosure Standards Board (CDSB) and the Sustainability Accounting Standards Board (SASB), the TCFD Good Practice Handbook offers real-world examples of TCFD aligned disclosures in mainstream reports across many G20 countries. Striking a balance between financial and non-financial sectors, the Handbook helps you understand how organisations in your industry are implementing the TCFD recommendations and provide insight into good practice techniques to enhance your own climate-related financial disclosures.
The building blocks for successful TCFD disclosure in conversation with Sue H...CDSB
To mark the launch of the building blocks guidance, this webinar focussed on trends in climate-related financial disclosure, key developments and how to use CDP disclosure and the CDSB Framework to satisfy the TCFD recommendations.
What You Need to Know: The EU Non-Financial Reporting Directive and what its ...CDSB
Speakers: Michael Zimonyi, Policy & External Affairs Director and Nontokozo Khumalo, Corporate Engagement Manager at CDSB.
The EU Non-Financial Reporting Directive (NFRD) came into effect in 2018 and requires listed companies and other public interest entities to disclose information on the way they operate and how they manage social and environmental challenges. In June 2019 the European Commission published guidelines on reporting climate-related information which included the integration of the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations. These guidelines supplement the existing Non-Financial Reporting Guidelines released in 2017.
The EU is now set to publish a fitness check of corporate reporting to assess the appropriateness of existing legislation, with a special focus on NFRD, giving way to a possibility of a reopening of the current regulation. In advance of these updates, there is a tremendous opportunity for companies to get ahead of the curve to ensure that they are complying with the EU reporting guidelines and prepared for potential new regulations.
During this webinar briefing, you’ll gain insight into:
Current requirements of the NFR Directive and Guidelines;
The state of corporate climate change reporting;
Potential impacts of a reopened NFR Directive and CDSB’s expectations going forward.
Decoding the review of EU's Non-Financial Reporting DirectiveCDSB
Video: https://youtu.be/Y8lvZKmluMM
Companies in the European Union with over 500 employees are required to comply with the Non-Financial Reporting Directive and disclose non-financial information on environmental issues. However, reporting to date hasn’t been sufficient both in terms of quantity and quality, and the EU Green Deal has made it clear that environmental and climate disclosure must improve. As a result, the Commission is reviewing the Non-Financial Reporting Directive, with a public consultation underway until May 2020.
Should large companies and financial institutions expect major changes? Given the ambitious EU Green Deal commitments and the gaps in reporting to date, it certainly seems so.
CDSB's Managing Director, Mardi McBrien, EU Policy Officer at Frank Bold, Joanne Houston, and CDSB's Policy and External Affair Director, Michael Zimonyi, joined this special policy-driven webinar to address:
- what may likely change in terms of environmental and climate reporting;
- who may be affected and how;
- what didn’t work and why; and
- what needs to be improved for the Directive to deliver on its intended purpose.
The building blocks for successful TCFD disclosure in conversation with Paul ...CDSB
To mark the launch of the building blocks guidance, this webinar focussed on trends in climate-related financial disclosure, key developments and how to use CDP disclosure and the CDSB Framework to satisfy the TCFD recommendations.
Perché e come rendicontare e comunicare le informazioni finanziarie relative a clima e ambiente - pratiche correnti, buone pratiche, risorse e consigli.
Webinar: What does climate-related financial disclosure really look likeCDSB
This webinar helps you understand how to overcome common TCFD implementation challenges and discover practical guidance and examples of good practice for disclosing climate-related financial information.
Speakers:
Youri Lie, Senior Manager, EY
Fiona Quinlan, Technical Manager, CDSB
The document summarizes key findings from the 2019 Status Report of the Task Force on Climate-related Financial Disclosures (TCFD). It finds that while disclosure of climate-related financial information has increased, it remains insufficient and partial. More progress is needed to provide clear information on the potential financial impacts of climate change on companies. The report highlights challenges to implementation like lack of standardized metrics and calls for accelerated progress in climate risk reporting. It commits to further clarifying guidance and developing scenario analysis tools to support mainstreaming of climate-related financial disclosures.
Webinar slides: What does climate-related financial disclosure really look likeCDSB
This webinar helps you understand how to overcome common TCFD implementation challenges and discover practical guidance and examples of good practice for disclosing climate-related financial information.
Speakers:
Jane Thostrup Jagd, Lead Financial Consultation, Ørsted
Fiona Quinlan, Technical Manager, CDSB
How the new EU guidelines on reporting climate related information will impac...CDSB
As part of its Sustainable Finance Action Plan, the European Commission published new guidelines in June for reporting climate-related information. These guidelines were designed to provide practical recommendations and help companies report the impact of climate change on their business as well as the impact of their activities on the climate. CDSB and CDP present will the new guidelines and what it means for corporate reporting practices moving forward.
This document provides an overview and implementation guidance for the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD was established to develop climate-related financial risk disclosure recommendations for companies, banks, and investors. The TCFD recommendations include four core elements: governance, strategy, risk management, and metrics/targets. They are designed to provide consistent and decision-useful climate-related financial risk information. The guidance also outlines scenario analysis approaches and supplemental sector-specific guidance. Overall, the TCFD aims to improve understanding of climate-related financial risks and opportunities to facilitate well-informed investments and insurance underwriting decisions.
The document outlines a roadmap for businesses to progress on their sustainability journey through 5 destinations: Commitment, Implementation, Embedding Sustainability, Value Creation, and Sustainable Enterprise. Each destination represents increased sustainability performance and leadership. The roadmap provides guidance on key themes like engagement, environmental footprint, innovation, and management systems to help businesses evaluate their current position and identify next steps to advance.
Crisis Management in Service Organizations: Will the New Habits and Practices...Elissar Toufaily
In this research seminar, I discuss the Covid-19 Shock and its accelerations globally and in the UAE, before presenting the results of a qualitative research, through semi-structured interviews done with 47 managers and decision-makers in the service sector. In this research, I explore: 1/ the impact of Covid-19 on organizations and the service industry, 2/ the strategies and practices adopted for recovery; 3/ the challenges and facilitators of recovery, 4/the new normal for organizations and consumers, before finalizing with the lessons and opportunities that we can learn from the crisis.
Dr Seth Berkley presents an update to the Gavi Board meeting in Geneva, Switzerland, covering key developments in the global landscape, strategic progress, previous Board decisions and updates from the Alliance.
TCFD Workshop: Practical steps for implementation – Michael ZimonyiMcGuinness Institute
Across Wednesday 16 October and Thursday 17 October 2019, the McGuinness Institute partnered with Simpson Grierson to host two workshops exploring the Recommendations of the TCFD in Auckland and Wellington. This presentation was given by Michael Zimonyi from the Climate Disclosure Standards Board (CDSB), who came over from Germany to lead the workshops.
The world of ESG reporting is moving faster than ever. The European Union is moving fast to update the Non-Financial Reporting Directive (NFRD) in 2021, the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) are reaching a critical mass and the often confusing group of reporting initiatives have committed to work together towards a comprehensive reporting landscape, with financial heavy-hitters such as the International Organization of Securities Commissions (IOSCO) and the International Accounting Standards Board (IASB) stepping into the game.
Masterclass in implementing the TCFD recommendationsCDSB
This webinar will take you through the recently published Task force for climate-related financial disclosure (TCFD) Implementation Guide created by the Climate Disclosure Standards Board (CDSB) and the Sustainability Accounting Standards Board (SASB). Presented by the authors of the guide, you will learn how to prepare for effective TCFD-aligned disclosures and understand what good practice could look, illustrated by examples of mock disclosures using the CDSB framework and SASB standards.
Whether you’re just getting started or looking to take a more sophisticated approach to reporting, you’ll leave this webinar with practical advice and helpful resources to take the next step in climate-related financial disclosure.
DEMYSTIFYING CLIMATE TRANSITION SCENARIOS - Ryan WhisnantGreenBiz Group
The document provides an overview of climate transition scenarios for the food, agriculture and forest products sectors developed by the World Business Council for Sustainable Development (WBCSD). It includes:
1) Details on 5 new climate transition scenarios for these sectors modeled through 2050 that explore different pathways for climate policy implementation and technology development.
2) An online climate scenario tool that allows users to explore impacts on production, prices, markets and other business variables for 23 agricultural commodities under each scenario.
3) Guidance on how companies can apply scenario analysis and the tool to inform strategic planning, target setting, reporting and other business needs.
P4I_Capacity Building Workshop 4_Deep Dive into TCFD_v1.0.pdfKnowledgeDevourer
PLN held a deep-dive session on implementing the TCFD framework for climate risk management and scenario analysis. The session covered setting direction and a risk governance framework, integrating climate risk into existing risk management processes, and conducting climate scenario analysis. Speakers from EY Indonesia and Malaysia discussed approaches to governance, risk identification and assessment, scenario identification, and assessing financial impacts. The session aimed to help PLN better understand and manage climate-related risks and opportunities.
Breakfast briefing Task Force on Climate related Financial Disclosure.pdfRAHULKUMARSINGH317719
The Task Force on Climate-related Financial Disclosures (TCFD) was established by the Financial Stability Board to develop recommendations for climate-related financial disclosures that would help investors, lenders, and insurers make more informed decisions. The TCFD published recommendations in 2017 organized around governance, strategy, risk management, and metrics/targets. The recommendations are principles-based and intended to apply broadly across sectors and jurisdictions. They aim to provide decision-useful climate-related financial information to investors and others.
Climate risk disclosure: What are the financial and asset impacts of physical...Briony Turner
This presentation was given as part of Futurebuild 2020 | 4 March | Session: How do we achieve '100% net zero carbon'? You will need to download it to use the hyperlinks.
Find out more about the recommendations arising from my PhD in this LinkedIn post: Stepping out -recommendations for mainstreaming climate change adaptation of England's social housing stock: https://www.linkedin.com/pulse/stepping-out-recommendations-mainstreaming-climate-change-turner/
1) The document summarizes the OECD guidance on transition finance, which aims to ensure the credibility of corporate climate transition plans. It outlines key challenges in transition finance and elements that make transition plans credible.
2) Over half of global greenhouse gas emissions come from energy and industry. Transition finance is mainly provided through sustainability-linked bonds and loans to help companies implement net-zero plans.
3) Credible transition plans should set science-based net-zero targets, outline strategies to meet interim goals, and integrate climate metrics into financial reporting to ensure accountability.
TiiQu Talks on A Sustainable Tomorrow
ESG Sustainability Imperative
Climate Change Effects; Carbon Emission Sources; Decarbonization Solutions
ESG Knowledge Map
ESG Strategic Planning and Program Management
Carbon Net-Zero Management (TCFD)
ESG Reporting Frameworks & Guidelines
ESG Reporting Trends in 2021
Digital Technology for ESG Sustainability Innovation
ESG Sustainability Assessment Ecosystem
Sustainability Performance Assessment for S&P 500 High-Tech Industry
ESG Sustainability Management/Assessment Issues & Challenges & Solutions
SDG-SASB-GRI-WEF ESG Metrics Mapping
Digital Solutions for ESG Sustainability Investing/Management
ESG + Digital Integrated Transformation (ESGDX) Imperative
ESGDX Benefits and Requirements: Business Models
How ESGDX Can Create New Revenue Streams?
ESGDX Benefits and Requirements: Business Operations
Metaverse Enterprise
Digital Twins for Dynamic Carbon Net-Zero Management
Digital Twins Use Case: A Pulp/Paper Company in S. Korea
Metaverse for Sustainable Smart City
Present and Future of Metaverse Infographics
James Mitchell Rocky Mountain Institute Session 1A Research Collaborative wor...OECD Environment
Research Collaborative Workshop on measuring the alignment of investments and financing with climate objectives, 7th OECD Forum on Green Finance and Investment (6-9 October, 2020) – Session 1.A - James Mitchell, Director - Center for Climate-Aligned Finance, Rocky Mountain Institute.
Webinar: What does climate-related financial disclosure really look likeCDSB
This webinar helps you understand how to overcome common TCFD implementation challenges and discover practical guidance and examples of good practice for disclosing climate-related financial information.
Speakers:
Youri Lie, Senior Manager, EY
Fiona Quinlan, Technical Manager, CDSB
The document summarizes key findings from the 2019 Status Report of the Task Force on Climate-related Financial Disclosures (TCFD). It finds that while disclosure of climate-related financial information has increased, it remains insufficient and partial. More progress is needed to provide clear information on the potential financial impacts of climate change on companies. The report highlights challenges to implementation like lack of standardized metrics and calls for accelerated progress in climate risk reporting. It commits to further clarifying guidance and developing scenario analysis tools to support mainstreaming of climate-related financial disclosures.
Webinar slides: What does climate-related financial disclosure really look likeCDSB
This webinar helps you understand how to overcome common TCFD implementation challenges and discover practical guidance and examples of good practice for disclosing climate-related financial information.
Speakers:
Jane Thostrup Jagd, Lead Financial Consultation, Ørsted
Fiona Quinlan, Technical Manager, CDSB
How the new EU guidelines on reporting climate related information will impac...CDSB
As part of its Sustainable Finance Action Plan, the European Commission published new guidelines in June for reporting climate-related information. These guidelines were designed to provide practical recommendations and help companies report the impact of climate change on their business as well as the impact of their activities on the climate. CDSB and CDP present will the new guidelines and what it means for corporate reporting practices moving forward.
This document provides an overview and implementation guidance for the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD was established to develop climate-related financial risk disclosure recommendations for companies, banks, and investors. The TCFD recommendations include four core elements: governance, strategy, risk management, and metrics/targets. They are designed to provide consistent and decision-useful climate-related financial risk information. The guidance also outlines scenario analysis approaches and supplemental sector-specific guidance. Overall, the TCFD aims to improve understanding of climate-related financial risks and opportunities to facilitate well-informed investments and insurance underwriting decisions.
The document outlines a roadmap for businesses to progress on their sustainability journey through 5 destinations: Commitment, Implementation, Embedding Sustainability, Value Creation, and Sustainable Enterprise. Each destination represents increased sustainability performance and leadership. The roadmap provides guidance on key themes like engagement, environmental footprint, innovation, and management systems to help businesses evaluate their current position and identify next steps to advance.
Crisis Management in Service Organizations: Will the New Habits and Practices...Elissar Toufaily
In this research seminar, I discuss the Covid-19 Shock and its accelerations globally and in the UAE, before presenting the results of a qualitative research, through semi-structured interviews done with 47 managers and decision-makers in the service sector. In this research, I explore: 1/ the impact of Covid-19 on organizations and the service industry, 2/ the strategies and practices adopted for recovery; 3/ the challenges and facilitators of recovery, 4/the new normal for organizations and consumers, before finalizing with the lessons and opportunities that we can learn from the crisis.
Dr Seth Berkley presents an update to the Gavi Board meeting in Geneva, Switzerland, covering key developments in the global landscape, strategic progress, previous Board decisions and updates from the Alliance.
TCFD Workshop: Practical steps for implementation – Michael ZimonyiMcGuinness Institute
Across Wednesday 16 October and Thursday 17 October 2019, the McGuinness Institute partnered with Simpson Grierson to host two workshops exploring the Recommendations of the TCFD in Auckland and Wellington. This presentation was given by Michael Zimonyi from the Climate Disclosure Standards Board (CDSB), who came over from Germany to lead the workshops.
The world of ESG reporting is moving faster than ever. The European Union is moving fast to update the Non-Financial Reporting Directive (NFRD) in 2021, the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) are reaching a critical mass and the often confusing group of reporting initiatives have committed to work together towards a comprehensive reporting landscape, with financial heavy-hitters such as the International Organization of Securities Commissions (IOSCO) and the International Accounting Standards Board (IASB) stepping into the game.
Masterclass in implementing the TCFD recommendationsCDSB
This webinar will take you through the recently published Task force for climate-related financial disclosure (TCFD) Implementation Guide created by the Climate Disclosure Standards Board (CDSB) and the Sustainability Accounting Standards Board (SASB). Presented by the authors of the guide, you will learn how to prepare for effective TCFD-aligned disclosures and understand what good practice could look, illustrated by examples of mock disclosures using the CDSB framework and SASB standards.
Whether you’re just getting started or looking to take a more sophisticated approach to reporting, you’ll leave this webinar with practical advice and helpful resources to take the next step in climate-related financial disclosure.
DEMYSTIFYING CLIMATE TRANSITION SCENARIOS - Ryan WhisnantGreenBiz Group
The document provides an overview of climate transition scenarios for the food, agriculture and forest products sectors developed by the World Business Council for Sustainable Development (WBCSD). It includes:
1) Details on 5 new climate transition scenarios for these sectors modeled through 2050 that explore different pathways for climate policy implementation and technology development.
2) An online climate scenario tool that allows users to explore impacts on production, prices, markets and other business variables for 23 agricultural commodities under each scenario.
3) Guidance on how companies can apply scenario analysis and the tool to inform strategic planning, target setting, reporting and other business needs.
P4I_Capacity Building Workshop 4_Deep Dive into TCFD_v1.0.pdfKnowledgeDevourer
PLN held a deep-dive session on implementing the TCFD framework for climate risk management and scenario analysis. The session covered setting direction and a risk governance framework, integrating climate risk into existing risk management processes, and conducting climate scenario analysis. Speakers from EY Indonesia and Malaysia discussed approaches to governance, risk identification and assessment, scenario identification, and assessing financial impacts. The session aimed to help PLN better understand and manage climate-related risks and opportunities.
Breakfast briefing Task Force on Climate related Financial Disclosure.pdfRAHULKUMARSINGH317719
The Task Force on Climate-related Financial Disclosures (TCFD) was established by the Financial Stability Board to develop recommendations for climate-related financial disclosures that would help investors, lenders, and insurers make more informed decisions. The TCFD published recommendations in 2017 organized around governance, strategy, risk management, and metrics/targets. The recommendations are principles-based and intended to apply broadly across sectors and jurisdictions. They aim to provide decision-useful climate-related financial information to investors and others.
Climate risk disclosure: What are the financial and asset impacts of physical...Briony Turner
This presentation was given as part of Futurebuild 2020 | 4 March | Session: How do we achieve '100% net zero carbon'? You will need to download it to use the hyperlinks.
Find out more about the recommendations arising from my PhD in this LinkedIn post: Stepping out -recommendations for mainstreaming climate change adaptation of England's social housing stock: https://www.linkedin.com/pulse/stepping-out-recommendations-mainstreaming-climate-change-turner/
1) The document summarizes the OECD guidance on transition finance, which aims to ensure the credibility of corporate climate transition plans. It outlines key challenges in transition finance and elements that make transition plans credible.
2) Over half of global greenhouse gas emissions come from energy and industry. Transition finance is mainly provided through sustainability-linked bonds and loans to help companies implement net-zero plans.
3) Credible transition plans should set science-based net-zero targets, outline strategies to meet interim goals, and integrate climate metrics into financial reporting to ensure accountability.
TiiQu Talks on A Sustainable Tomorrow
ESG Sustainability Imperative
Climate Change Effects; Carbon Emission Sources; Decarbonization Solutions
ESG Knowledge Map
ESG Strategic Planning and Program Management
Carbon Net-Zero Management (TCFD)
ESG Reporting Frameworks & Guidelines
ESG Reporting Trends in 2021
Digital Technology for ESG Sustainability Innovation
ESG Sustainability Assessment Ecosystem
Sustainability Performance Assessment for S&P 500 High-Tech Industry
ESG Sustainability Management/Assessment Issues & Challenges & Solutions
SDG-SASB-GRI-WEF ESG Metrics Mapping
Digital Solutions for ESG Sustainability Investing/Management
ESG + Digital Integrated Transformation (ESGDX) Imperative
ESGDX Benefits and Requirements: Business Models
How ESGDX Can Create New Revenue Streams?
ESGDX Benefits and Requirements: Business Operations
Metaverse Enterprise
Digital Twins for Dynamic Carbon Net-Zero Management
Digital Twins Use Case: A Pulp/Paper Company in S. Korea
Metaverse for Sustainable Smart City
Present and Future of Metaverse Infographics
James Mitchell Rocky Mountain Institute Session 1A Research Collaborative wor...OECD Environment
Research Collaborative Workshop on measuring the alignment of investments and financing with climate objectives, 7th OECD Forum on Green Finance and Investment (6-9 October, 2020) – Session 1.A - James Mitchell, Director - Center for Climate-Aligned Finance, Rocky Mountain Institute.
OECD Green Talks LIVE: Moving the world economy to net zero: the role of tran...OECD Environment
To meet the temperature goals of the Paris Agreement, decarbonisation measures will need to be financed across all sectors of the economy — most importantly in energy-intensive and hard-to-abate sectors in emerging markets and developing economies. As governments and the private sector ramp up their net-zero pledges, grapple with the ongoing energy crisis and face rising inflation, how to achieve those goals is increasingly put into question.
In the midst of these challenges, market actors and jurisdictions have ramped up efforts around transition finance, such as developing taxonomies and guidelines. But transition finance is often criticised for opening the door to greenwashing and risking emission-intensive lock-in. How can we ensure the development of robust corporate transition plans to support credible and meaningful transition investments towards net zero? And how can emission-intensive lock-in and greenwashing be avoided?
Experts on transition finance and transition planning will present and discuss their importance for moving to net-zero pathways in hard-to-abate sectors and emerging markets and developing economies, as well as outstanding challenges in this space. The presentation will draw from the recent report OECD Guidance on Transition Finance: Ensuring Credibility of Corporate Climate Transition Plans (Find the report here: https://oe.cd/transition-fin), which proposes 10 key elements to help corporates in developing transition plans, financiers to identify credible investment opportunities, and policymakers to develop strong policy frameworks.
More information: https://www.oecd.org/env/green-talks-live.htm
Webinar slides: Are we headed towards mandatory climate reporting?CDSB
This webinar examines signals from Government and the finance community about the need for mandatory disclosure and potential pathways for inclusion of the TCFD recommendations into national legislation.
Carbon Market 2.1? Networks and the riddle of fair and ambitious climate coop...Alan D. Lee
Presentation to the Beijing Energy Network 北京能源网络 3 February 2016 by Alan D. Lee www.linkedin.com/in/alandlee
"Carbon markets 2.1? Networks and the riddle of fair and ambitious climate cooperation".
Fossil Free SA trustee workshops on IPCC report: Fiona Reynolds, UN PRIleavesoflanguage
Presentation at the Climate-Proofing South African Retirement Funds event - 1 August 2019. For details of these events, please visit www.fossilfreesa.org.za.
This document provides guidance on appraising adaptation actions through climate change impact assessment (CCIA). CCIA estimates the proportion of total benefits from a program that are associated with adaptation and mitigation to determine a climate change relevance percentage (CC%). A rapid CCIA can be completed in a few hours by compiling available evidence and expert opinions to score benefits, while a more in-depth valuation-based CCIA uses formal models. An exercise walks through applying a six-step qualitative scoring methodology to a forestry program as an example to estimate the CC% through a rapid CCIA.
Presentation delivered at the Women in Finance Conference, South Africa.
The presentation deals with Integrated Sustainability Reporting, South Africa, 2010.
Advancing nature-related financial disclosure at scaleCDSB
With momentum building for climate-related financial disclosure, there is a growing imperative for environmental issues to be reported in an integrated way. CDSB has launched an open, public consultation to advance the disclosure of nature-related financial information in the mainstream report and explore the role of the CDSB Framework in this process. This webinar explores the consultation in more detail and outlines how to participate. Submit your response: www.cdsb.net/consultation
The Transition Pathway Initiative (TPI) assessed 332 companies on their 'Management Quality' and 238 companies on their 'Carbon Performance' in transitioning to a low-carbon economy.
For Management Quality, nearly 40% of companies are still unprepared for the transition, scoring in the lowest two levels. While the average score has improved slightly, more strategic practices like incorporating climate risks into strategy and executive pay are still lacking in many companies. Few companies ensure consistency between their climate policies and trade association lobbying positions.
For Carbon Performance, over 80% of companies remain off track for limiting warming to 2°C, based on benchmarks aligned with international climate targets. Only 31% of companies will meet a benchmark reflecting
Similar to TCFD implementation webinar series - risk management with HSBC (PM) (20)
Key findings: The state of EU environmental disclosure in 2020 CDSB
The document discusses a tweet from December 20th by the organization CDSBGlobal regarding the state of EU disclosure in 2020. The tweet promotes the organization's website at www.cdsb.net/NFRD2020 and the page titled "The state of EU disclosure in 2020".
TCFD implementation webinar series - risk management with HSBC - AMCDSB
The document is a transcript from a webinar about implementing the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. It includes discussions on understanding the TCFD recommendations, what companies are currently doing with disclosure, tips for effective disclosure implementation, and a presentation from HSBC on how they are embedding sustainability into their strategy and disclosing climate-related financial risks. The webinar covered key elements of the TCFD framework like governance, strategy, risk management, and metrics and targets.
TCFD implementation webinar series - risk management with HSBCCDSB
The document is a transcript from a webinar on TCFD implementation. It discusses:
1) An introduction to the TCFD recommendations and why they were developed, focusing on the lack of consistent climate-related financial disclosures.
2) A status report on TCFD implementation by companies that found disclosure has increased but is still limited, and more clarity is needed on financial impacts.
3) HSBC's approach to TCFD disclosure including setting targets to finance sustainable activities and reduce emissions in its operations.
Webinar: Reporting Matters 2019 - The State of PlayCDSB
To celebrate the launch of the 2019 Reporting matters, CDSB, WBCSD and Radley Yeldar will discuss the main findings of the report and what it means for corporate reporting moving forward.
Corporate climate & environmental disclosure under the EU Non-Financial Repor...CDSB
Find out more at https://www.cdsb.net/NFRreview
Following the first year of reporting under the EU Non-Financial Information Directive (2014/95/EU), CDSB and CDP conducted a review of corporate disclosure of climate change and environmental information across Europe.
EU Non-Financial Reporting Directive: How companies can make the most of it!CDSB
Slides from the launch of the Environmental reporting handbook, which offers companies ideas about what reporting environmental information under the EU Non-Financial Reporting Directive could look like in practice.
The handbook uses real-life examples of annual reports to demonstrate reporting under each requirement of Directive and to show what constitutes good practice.
Download the handbook from http://cdsb.net/nfrhandbook
CDP UK spring workshop 2016 (CDSB Framework presentation)CDSB
With major changes in 2015 with the Paris Agreement and the Sustainable Development Goals, the Climate Disclosure Standards Board addresses the state of natural capital disclosure in annual reports.
CDSB has comprehensively reviewed the annual reports of the FTSE 350 listed companies in the report.
This review discusses the disclosure of environmental information in the annual reports of FTSE350 companies following the implementation of mandatory greenhouse gas reporting in the UK (updates to the Companies Act 2006).
Comply or explain focuses on comparative sector analysis and uses illustrative examples to provide evidence of current practice following the policy revision. The report proposes steps that could be taken by regulators to enhance the enabling environment for disclosure. It was reviewed by Oxford University’s Saïd Business School, and by members of CDSB’s Technical Working Group.
Read the report at cdsb.net/FTSE350
The document introduces the Climate Disclosure Standards Board (CDSB) and its framework for reporting environmental information and natural capital. The CDSB is committed to advancing corporate reporting to equate natural capital with financial capital. The CDSB framework includes 7 guiding principles, 12 reporting requirements, and guidance on climate, forests, and water. It is used by over 340 organizations in 32 countries with a total market capitalization of $4.2 trillion spanning 10 sectors. The framework aims to become the standard reporting approach needed by investors to evaluate and compare company sustainability performance.
Optimizing Post Remediation Groundwater Performance with Enhanced Microbiolog...Joshua Orris
Results of geophysics and pneumatic injection pilot tests during 2003 – 2007 yielded significant positive results for injection delivery design and contaminant mass treatment, resulting in permanent shut-down of an existing groundwater Pump & Treat system.
Accessible source areas were subsequently removed (2011) by soil excavation and treated with the placement of Emulsified Vegetable Oil EVO and zero-valent iron ZVI to accelerate treatment of impacted groundwater in overburden and weathered fractured bedrock. Post pilot test and post remediation groundwater monitoring has included analyses of CVOCs, organic fatty acids, dissolved gases and QuantArray® -Chlor to quantify key microorganisms (e.g., Dehalococcoides, Dehalobacter, etc.) and functional genes (e.g., vinyl chloride reductase, methane monooxygenase, etc.) to assess potential for reductive dechlorination and aerobic cometabolism of CVOCs.
In 2022, the first commercial application of MetaArray™ was performed at the site. MetaArray™ utilizes statistical analysis, such as principal component analysis and multivariate analysis to provide evidence that reductive dechlorination is active or even that it is slowing. This creates actionable data allowing users to save money by making important site management decisions earlier.
The results of the MetaArray™ analysis’ support vector machine (SVM) identified groundwater monitoring wells with a 80% confidence that were characterized as either Limited for Reductive Decholorination or had a High Reductive Reduction Dechlorination potential. The results of MetaArray™ will be used to further optimize the site’s post remediation monitoring program for monitored natural attenuation.
Presented by The Global Peatlands Assessment: Mapping, Policy, and Action at GLF Peatlands 2024 - The Global Peatlands Assessment: Mapping, Policy, and Action
Climate Change All over the World .pptxsairaanwer024
Climate change refers to significant and lasting changes in the average weather patterns over periods ranging from decades to millions of years. It encompasses both global warming driven by human emissions of greenhouse gases and the resulting large-scale shifts in weather patterns. While climate change is a natural phenomenon, human activities, particularly since the Industrial Revolution, have accelerated its pace and intensity
Evolving Lifecycles with High Resolution Site Characterization (HRSC) and 3-D...Joshua Orris
The incorporation of a 3DCSM and completion of HRSC provided a tool for enhanced, data-driven, decisions to support a change in remediation closure strategies. Currently, an approved pilot study has been obtained to shut-down the remediation systems (ISCO, P&T) and conduct a hydraulic study under non-pumping conditions. A separate micro-biological bench scale treatability study was competed that yielded positive results for an emerging innovative technology. As a result, a field pilot study has commenced with results expected in nine-twelve months. With the results of the hydraulic study, field pilot studies and an updated risk assessment leading site monitoring optimization cost lifecycle savings upwards of $15MM towards an alternatively evolved best available technology remediation closure strategy.
Microbial characterisation and identification, and potability of River Kuywa ...Open Access Research Paper
Water contamination is one of the major causes of water borne diseases worldwide. In Kenya, approximately 43% of people lack access to potable water due to human contamination. River Kuywa water is currently experiencing contamination due to human activities. Its water is widely used for domestic, agricultural, industrial and recreational purposes. This study aimed at characterizing bacteria and fungi in river Kuywa water. Water samples were randomly collected from four sites of the river: site A (Matisi), site B (Ngwelo), site C (Nzoia water pump) and site D (Chalicha), during the dry season (January-March 2018) and wet season (April-July 2018) and were transported to Maseno University Microbiology and plant pathology laboratory for analysis. The characterization and identification of bacteria and fungi were carried out using standard microbiological techniques. Nine bacterial genera and three fungi were identified from Kuywa river water. Clostridium spp., Staphylococcus spp., Enterobacter spp., Streptococcus spp., E. coli, Klebsiella spp., Shigella spp., Proteus spp. and Salmonella spp. Fungi were Fusarium oxysporum, Aspergillus flavus complex and Penicillium species. Wet season recorded highest bacterial and fungal counts (6.61-7.66 and 3.83-6.75cfu/ml) respectively. The results indicated that the river Kuywa water is polluted and therefore unsafe for human consumption before treatment. It is therefore recommended that the communities to ensure that they boil water especially for drinking.
Kinetic studies on malachite green dye adsorption from aqueous solutions by A...Open Access Research Paper
Water polluted by dyestuffs compounds is a global threat to health and the environment; accordingly, we prepared a green novel sorbent chemical and Physical system from an algae, chitosan and chitosan nanoparticle and impregnated with algae with chitosan nanocomposite for the sorption of Malachite green dye from water. The algae with chitosan nanocomposite by a simple method and used as a recyclable and effective adsorbent for the removal of malachite green dye from aqueous solutions. Algae, chitosan, chitosan nanoparticle and algae with chitosan nanocomposite were characterized using different physicochemical methods. The functional groups and chemical compounds found in algae, chitosan, chitosan algae, chitosan nanoparticle, and chitosan nanoparticle with algae were identified using FTIR, SEM, and TGADTA/DTG techniques. The optimal adsorption conditions, different dosages, pH and Temperature the amount of algae with chitosan nanocomposite were determined. At optimized conditions and the batch equilibrium studies more than 99% of the dye was removed. The adsorption process data matched well kinetics showed that the reaction order for dye varied with pseudo-first order and pseudo-second order. Furthermore, the maximum adsorption capacity of the algae with chitosan nanocomposite toward malachite green dye reached as high as 15.5mg/g, respectively. Finally, multiple times reusing of algae with chitosan nanocomposite and removing dye from a real wastewater has made it a promising and attractive option for further practical applications.
Epcon is One of the World's leading Manufacturing Companies.EpconLP
Epcon is One of the World's leading Manufacturing Companies. With over 4000 installations worldwide, EPCON has been pioneering new techniques since 1977 that have become industry standards now. Founded in 1977, Epcon has grown from a one-man operation to a global leader in developing and manufacturing innovative air pollution control technology and industrial heating equipment.
Improving the viability of probiotics by encapsulation methods for developmen...Open Access Research Paper
The popularity of functional foods among scientists and common people has been increasing day by day. Awareness and modernization make the consumer think better regarding food and nutrition. Now a day’s individual knows very well about the relation between food consumption and disease prevalence. Humans have a diversity of microbes in the gut that together form the gut microflora. Probiotics are the health-promoting live microbial cells improve host health through gut and brain connection and fighting against harmful bacteria. Bifidobacterium and Lactobacillus are the two bacterial genera which are considered to be probiotic. These good bacteria are facing challenges of viability. There are so many factors such as sensitivity to heat, pH, acidity, osmotic effect, mechanical shear, chemical components, freezing and storage time as well which affects the viability of probiotics in the dairy food matrix as well as in the gut. Multiple efforts have been done in the past and ongoing in present for these beneficial microbial population stability until their destination in the gut. One of a useful technique known as microencapsulation makes the probiotic effective in the diversified conditions and maintain these microbe’s community to the optimum level for achieving targeted benefits. Dairy products are found to be an ideal vehicle for probiotic incorporation. It has been seen that the encapsulated microbial cells show higher viability than the free cells in different processing and storage conditions as well as against bile salts in the gut. They make the food functional when incorporated, without affecting the product sensory characteristics.
Improving the viability of probiotics by encapsulation methods for developmen...
TCFD implementation webinar series - risk management with HSBC (PM)
1. January 20 | Tweet @CDSBGlobal
TCFD implementation webinar:
How to improve your TCFD risk management
disclosures
Nontokozo Khumalo,
Corporate Engagement Manager, CDSB
Gemma Rastelli,
Senior Manager, Sustainable Finance, HSBC
Moderated by:
Lesley McKenna, Climate Disclosure Standards Board
2. January 20 | Tweet @CDSBGlobal
TCFD Implementation Webinar Series 2
3. January 20 | Tweet @CDSBGlobal
Q. How would you describe your
understanding of the TCFD recommendations?
I am an expert
I am confident, but need to understand some elements
I have some knowledge, but need support
I have little knowledge
TCFD Implementation Webinar Series
4. January 20 | Tweet @CDSBGlobal
To create the enabling conditions for material climate
change and natural capital information to be integrated
into mainstream reporting.
Climate Disclosure Standards Board
Board
Technical Working Group
5. January 20 | Tweet @CDSBGlobal
Climate Disclosure Standards Board 5
Reporting Requirements
REQ-01 Governance REQ-07 Organisational boundary
REQ-02 Management’s environmental
policies, strategy and targets
REQ-08 Reporting policies
REQ-03 Risks and opportunities REQ-09 Reporting period
REQ-04 Sources of environmental
impact
REQ-10 Restatements
REQ-05 Performance and comparative
analysis
REQ-11 Conformance
REQ-06 Outlook REQ-12 Assurance
cdsb.net/Framework
The CDSB Framework
6. January 20 | Tweet @CDSBGlobal
Introduction
to the TCFD
7. January 20 | Tweet @CDSBGlobal
7
Why?
7
• Lack of disclosures on the financial
implications on the climate-related
aspects;
• Inconsistencies in disclosure practices;
• Lack of context for information;
• Use of boilerplate, and non-comparable
reporting; and
• Lack of consistent information hinders
investors and others from considering
climate-related issues in their asset
valuation and allocation processes.
TCFD Implementation Webinar Series
8. January 20 | Tweet @CDSBGlobal
8
TCFD recommendations
8
Overview
1. Voluntary
2. Report climate-related financial disclosures in
the annual financial filings (mainstream report)
3. Financial sector & high risk non-financial sectors
4. Transition risks & physical risks (and opportunities)
5. Scenario analysis & forward-looking information
6. Short-term, medium-term & long-term
7. Qualitative & quantitative disclosures
Governance
Strategy
Risk
Management
Metrics
and Targets
TCFD Implementation Webinar Series
9. January 20 | Tweet @CDSBGlobal
What are
companies
doing?
10. January 20 | Tweet @CDSBGlobal
TCFD Status Report 2019
10
Key Themes and Findings
Disclosure of climate-related
financial information has
increased since 2016, but is still
insufficient for investors.
More clarity is needed on the
potential financial impact of
climate-related issues on
companies.
Of companies using scenarios,
the majority do not disclose
information on the resilience of
their strategies.
Mainstreaming climate-
related issues requires the
involvement of multiple
functions.
TCFD Implementation Webinar Series
11. January 20 | Tweet @CDSBGlobal
11TCFD Implementation Webinar Series
Recommendation
Recommended
Disclosure
Banking Energy
Materials &
Buildings
Transportation
Average
Disclosure
Europe North America
Risk Management a. Risk ID &
Assessment
Processes
52% 38% 41% 23% 32% 45% 26%
b. Risk
Management
Processes
46% 42% 39% 17% 31% 41% 33%
c. Integration into
Overall Risk
Management
32% 21% 18% 11% 17% 24% 8%
Analysis of disclosure
12. January 20 | Tweet @CDSBGlobal
Core element:
Risk management
13. January 20 | Tweet @CDSBGlobal
13
Governance Strategy Metrics and Targets
Disclose the organization’s
governance around climate-
related risks and opportunities.
Disclose the actual and potential
impacts of climate-related risks
and opportunities on the
organization’s businesses,
strategy, and financial planning
where such information is
material.
Disclose the metrics and targets
used to assess and manage
relevant climate-related risks and
opportunities where such
information is material.
a) Describe the board’s oversight
of climate-related risks and
opportunities.
a) Describe the climate-related
risks and opportunities the
organization has identified over
the short, medium, and long term.
a) Disclose the metrics used by
the organization to assess climate-
related risks and opportunities in
line with its strategy and risk
management process.
b) Describe management’s role in
assessing and managing risks and
opportunities.
b) Describe the impact of climate-
related risks and opportunities on
the organization’s businesses,
strategy, and financial planning.
b) Disclose Scope 1, Scope 2,
and, if appropriate, Scope 3
greenhouse gas (GHG) emissions,
and the related risks.
c) Describe the resilience of the
organisation’s strategy, taking into
consideration different climate-
related scenarios, including a 2°C
or lower scenario.
c) Describe the targets used by
the organization to manage
climate-related risks and
opportunities and performance
against targets.
Risk Management
Disclose how the
organization identifies,
assesses, and manages
climate-related risks.
a) Describe the organization’s
processes for identifying and
assessing climate-related risks.
b) Describe the organization’s
processes for managing climate-
related risks.
c) Describe how processes for
identifying, assessing, and
managing climate-related risks are
integrated into the organization’s
overall risk management.
TCFD Implementation Webinar Series
14. January 20 | Tweet @CDSBGlobal
Types of risk
Transition risk
• Policy and Legal
e.g.: Exposure to litigation, carbon pricing
• Technology
e.g.: Substitution of existing products and
services with lower emissions options
• Market
e.g.: Increased cost of raw materials
• Reputation
e.g.: Shifts in consumer preferences
14
Physical risk
• Acute
e.g.: Increased severity of extreme
weather events such as cyclones
and floods
• Chronic
e.g.: Changes in precipitation patterns and
extreme variability in weather patterns
TCFD Implementation Webinar Series
15. January 20 | Tweet @CDSBGlobal
Risk management
15
Describe the organization’s processes for identifying and assessing
climate-related risks.
Consider including a discussion of:
• How do you determine the relative significance of
climate-related risks vs other risks?
• Do you consider existing and emerging regulatory
requirements related to climate change?
• Existing risk classification frameworks used?
TCFD Implementation Webinar Series
16. January 20 | Tweet @CDSBGlobal
Risk management
16
Describe the organization’s processes for managing climate-related
risks.
Consider including a discussion of:
• How do you make decisions to mitigate, transfer, accept, or control those risks?
• How do you prioritise climate-related risks?
• How are materiality determinations made within your organisation?
TCFD Implementation Webinar Series
17. January 20 | Tweet @CDSBGlobal
Risk management
17
Describe how processes for identifying, assessing, and managing
climate-related risks are integrated into the organization’s overall risk
management.
TCFD Implementation Webinar Series
18. January 20 | Tweet @CDSBGlobal
Risk management
18
What do investors want to know?
Survey respondents identified the value of:
• Having clear definitions of the categories and specific channels of risk the companies
identified in the example as material.
• Greater clarity around the process by which companies prioritized risks, and how this
prioritization may change over time in response to actions taken by the company to
mitigate these risks.
• More information about how a company’s risk management process informed the
board’s decisions around strategic resilience.
TCFD Implementation Webinar Series
20. 20
Increasing expectations from across stakeholder groups
PUBLIC
Embedding Sustainability into Strategy
.
1
Investors Consumers
Other stakeholders
Long-term
corporate performance
21. 21
How does HSBC think about sustainability?
PUBLIC
Embedding Sustainability into Strategy
GovernanceEnvironmental Social
Low carbon transition
Gender
Mental
health
Cyber security
Financial Crime
Compliance
Our operational
sustainability
2
ESG rating:
‘Outperformer’
US$100bn
sustainable finance target
Improve customer satisfaction
in eight scale markets
Improved employee engagement
Our
customers
Our
people
22. 22
Environmental: Supporting the global transition to the low-carbon economy
PUBLIC
Embedding Sustainability into Strategy
3
Source: HSBC ESG Update – published 8 April. www.hsbc.com/our-approach/esg-information/esg-reporting-and-policies
Task Force on Climate-related Financial
Disclosure (‘TCFD’)
Sustainable Finance
• Target: $100 billion of sustainable
financing and investment to be provided and
facilitated by 2025
• Progress: $28.5 billion
cumulative progress since 2017
Sector
% of total wholesale
loans and advances to
customers and banks
in 2018
Oil & Gas ≤ 3.9%
Building & Construction ≤ 3.8%
Chemicals ≤ 3.9%
Automotive ≤ 3.4%
Power & Utilities ≤ 3.0%
Metals & Mining ≤ 2.8%
Total ≤ 20.8%
Sustainable Operations
• Target: 100% of our electricity will be
from renewable sources by 2030
• Progress: 29% signed renewable
electricity from power purchase agreements
23. 23
Climate Risk disclosure – year end 2018
PUBLIC
Embedding Sustainability into Strategy
4
Source: HSBC ESG Update – published 8 April. www.hsbc.com/our-approach/esg-information/esg-reporting-and-policies
24. 24
TCFD disclosure – year end 2018
PUBLIC
Embedding Sustainability into Strategy
5
Source: HSBC Annual Report – published February 2019
25. January 20 | Tweet @CDSBGlobal
Tips for
implementation
26. January 20 | Tweet @CDSBGlobal
7 top tips for effective disclosure
1. Adopt the correct lens for looking at climate-related risks
2. Make holistic disclosures
3. Distinguish between climate leadership and management
4. Explain how you assess the material risk of climate change to your business
5. Disclose using existing standards and metrics
6. Make as many of the 11 recommended disclosures are you can
7. Put it in your mainstream report
26TCFD Implementation Webinar Series
27. January 20 | Tweet @CDSBGlobal
27TCFD Implementation Webinar Series
HSBC’s top tips
Become an internal disruptor
Get the board on board
28. January 20 | Tweet @CDSBGlobal
Where to learn more?
tcfdhub.org
CDP helps
companies collect,
report and structure
their data.
SASB will help companies
understand what is
material to their
organisation.
CDSB helps companies
integrate the financially
material information into
their annual reports.
28
ww.cdsb.net/tcfdguide ww.cdsb.net/tcfdhandbook
learn.tcfdhub.org
ww.corporatereportingdialogue.com
TCFD Implementation Webinar Series
29. January 20 | Tweet @CDSBGlobal
Questions?
Nontokozo Khumalo
Climate Disclosure Standards Board
With the contribution of the LIFE Programme of the European Union.
Hosted by CDP Europe.
Gemma Rastelli
HSBC
info@cdsb.net
Editor's Notes
The Climate Disclosure Standards Board is a consortium of 9 environmental and business NGOs. We were set up in Davos in 2007 with a mission to create the enabling conditions for material climate change and natural capital information to be integrated into the mainstream report.
The 7 principles and 12 requirements of the CDSB Framework
7 guiding principles (the how)
12 reporting requirements (the what)
Fully aligned with the TCFD recommendations and principles – and the TCFD was developed based on the CDSB Framework and other leading reporting frameworks
Therefore, complementary to existing reporting provisions (CDP, GRI, SASB) and existing regulations
Referenced in the EU NFRD guidance and stock exchange guidance globally
The TCFD was set up in 2015 to develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. They specifically considered the physical, liability and transition risks associated with climate change and what constitutes effective financial disclosures across industries.
What makes the TCFD different?
Now before we dive into the details, let’s take a look at the four key themes and findings that emerged from the report.
The 2019 Status report tells us that, despite support for the TCFD rising by more than half since last September, companies are still finding it a challenge to implement the recommendations resulting in insufficient disclosure for investors. More clarity is needed on the potential financial impact of climate-related issues, the majority of companies do not disclose information on resilience and, finally, mainstreaming climate-related issues requires the involvement of multiple functions.
Given the urgency of the situation and the scale of the challenge, these findings are concerning. The financial risks that climate change presents to the global economy are enormous. In fact, the United Nations states that delays in tackling this issue could cost companies nearly $1.2 trillion over the next 15 years. In the upcoming slides, we’ll explore these key themes in more detail, discuss some of the most significant statistics from the report and action needed moving forward.
78% aligned with at least 1 of the recommendations disclosures
4% of companies aligned with at least 10 of the recommended disclosures
The Banking industry generally had the highest percentages across the recommended disclosures. However, other industries had higher percentages for specific recommended disclosures such as strategy but not in the case of Risk Management. Average disclosure is XXX. Given the timing of this webinar, we can assume most attendees are based in Europe and Asia Pacific and for this reason I have focussed on these two regions. A full breakdown of disclosure across all regions can be found in the second status report.
Pop out core element
These are some key takeaways on what constitutes decision-useful information from an investor survey on TCFD disclosures conducted by one of our board members, SASB. It is useful her in terms of what is the nature of disclosures required by investors. Do these reasonate with you?
These are 7 top tips for developing and refining climate-disclosures.
1. We have found in reviewing reports that some report preparer are confused by the orientation For TCFD, we are looking at the impact of the climate on the business not the converse.
2. Disclosures are interconnected and mutually reinforcing. Ensuring the connectivity of information is key. This includes linking financial and non-financial finroamtion.
3. We found governance disclosures muddled. Explain how the board exercises its oversight function of climate risks and how this differs from managers’ roles and responsibilities. This is a distinction between climate leadership and management – both are important hence the two recommended TCFD disclosures.
4. The process for assessing materiality was often absent from disclosures.
We found that beyond scope 1 and 2 emissions, climate-related disclosures differs from company to company and within indsutries. There are existing standards and metrics that can be used to help make your TCFD disclosures.
You don’t drive a car with three wheels instead of four [may change analogy], why would try to tell your story of how you are identifying, assessing and managing climate risks to investors without giving them the full picture
The annual report is aimed principally at investors. It allows you to put climate-related information on the same level of rigour as financial information. It allows you to make key linkages there. If it is in the mainstream report it matters.
Overall, we are moving along the TCFD implementation path with more companies and disclosures, let’s keep going, learning-by-doing and refining our evolving practice. Don’t let the perfect be the enemy of the good when making your climate-related financial disclosures. This is an evolving area.
Now I will turn back to Katie on what next?
Nadine: - Now that we have identified some top tips from the good practices in this year’s disclosure cycle, we would like to share with you a snapshot of the ample resources that are available to help you implement the TCFD. We suggest you start with our twin resources – the guide and handbook.
We also wish to draw your attention to the Corporate Reporting Dialogue’s Better Alignment Project report (being launched tomorrow) – this will be of particular interest in the context of the 50 illustrative metrics from the TCFD and how a report preparer can use CDP, SASB or GRI metrics to make some of the quantitative disclosures suggested by the TCFD. It also shows how the five leading framework and standard setters, including SASB and CDSB are collectively aligned to the TCFD principles for effective disclosures and recommended disclosures. It provides a mapping of how we fit together in the context of climate.
The World Economic Forum’s climate governance principles, our implementation guide and this good practice handbook are examples of what you will find on the TCFD Knowledge Hub. The Hub is powered by CDSB and an online aggregator for publicly available resources, events, and case studies relating to the TCFD. E-learning courses on making climate related financial disclosures were developed by CDSB and launched earlier this month. We encourage you and your colleagues to test your knowledge, and this provides an excellent introduction or refresher to climate-related financial disclosures.