Posts

Climate Action and Clean Cookstoves: Lessons Learnt and Opportunities

Overcome Business Risk with Collaboration: New Report

Falling oil prices. Terrorist threats and geopolitical instability. Rising inequality, corruption and migration. These factors pose risks for business, add complexity to sustainability initiatives, and underscore the need for more collaborative, systemic responses. These are among the findings of SustainAbility’s 2016 Trends and Opportunities Report.

SustainAbility also reports that many companies are working to embed and activate greater purpose in their brands, and some are working to “redefine capitalism” to better serve society’s needs.

How does a complex business environment affect your sustainability work?

SDG 15: Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.

lifeonlandSDG 15 highlights conservation, restoration and sustainable use of forests, wetlands, mountains and drylands; the need for a “land degradation-neutral world”; biodiversity loss and extinction of threatened species; benefit-sharing from genetic resources; poaching and trafficking of protected species of flora and fauna, addressing both demand and supply of illegal wildlife products; invasive alien species in land and water ecosystems; and integrating ecosystem and biodiversity values into national and local planning, development processes, poverty reduction strategies and accounts.

SDG 15 in Action

Unilever has achieved its target of only sourcing from sustainable palm oil, and is now pursuing “total traceability” to certified sustainable sources. This means any prospective Unilever supplier, which is among the biggest consumer goods companies globally, must ensure that their environmental practices are up to date. Learn more.

SDG 15 Amplifiers  

The Roundtable on Sustainable Palm Oil (RSPO) collaborates with the global supply chain to transform markets and make sustainable palm oil “the norm.” It has over 2,500 members worldwide who represent all links along the palm oil supply chain. The RSPO has developed a set of environmental and social criteria which companies must comply with in order to produce Certified Sustainable Palm Oil (CSPO), which can help to minimize the negative impact of palm oil cultivation on the environment and communities in palm oil-producing regions. Learn more.

Oil palms need a rainforest climate and a lot of land, so plantations are often established at the expense of rainforests, notes Rainforest Rescue. Today, 300 soccer fields’ worth of rainforest is being destroyed every hour. This gives rise to numerous problems for the climate, environment, and people living in the forest. The United Nations Environment Program has found that palm oil plantations are currently the leading cause of rainforest destruction in Malaysia and Indonesia. Destroying natural habitats, especially in such species-rich environments, which are home to many endangered animals and plants, causes irreversible loss of biological diversity.

Tell us your ecosystem protection story at @GlobalSourcing with

SDG 16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.

SDG 16 calls for action on peace, access to justice, and stronger institutions. Among its targets: end trafficking and violence against children; promote rule of law at national and international levels; reduce illicit flows of finances and arms; reduce corruption and bribery; provide legal identity for all; increase developing countries’ participation in global governance; ensure public access to information; and increase transparency of institutions, and representative decision-making at all levels.

SDG 16 in Action  
3S Impact Sourcing Award Winner – AMBA, an Ashoka Fellow driven Social Enterprise economically empowers adults with Moderate to Severe Intellectual disability using Information Technology, Peer Training and Peer Supervision. An ecosystem of learning and earning appropriate with their acumen, making them contributors to family and Society. While they cannot recognise sounds of alphabets they still do accurate two window visual data entry in English. Learn more.

Intel has laid out plans to make its supply chain “conflict free” by the end of 2016, having set the goal in 2009. Given Intel’s “massive list of suppliers,” it was a challenging process to determine where metals had originated and whether profits had benefited armed groups. The company says that once most of the smelters participate in verifying their mines as conflict-free, it is better for other smelters to do the same, rather than being outliers. “It becomes a problem for them from a business perspective.” Intel notes that since the program began, profits end up with miners rather than driving armed conflict. Learn more.

SDG 16 Amplifier

The Enough Project, which works to end genocide and crimes against humanity, reports that US legislation (Dodd-Frank 1502) and the SEC’s conflict minerals rule have increased transparency in the global minerals supply chain, and reduced the flow of minerals profits into violent conflicts in eastern DRC, following 20 years of illicit mining and trafficking in tin, tantalum, tungsten and gold, which it says has financed armed groups and government corruption and abuse. In 2012, Enough reported that the amount of mining money going to conflict had dropped 65%.

What’s in your supply chain that applies to one of the SDGs? To gain recognition for your sustainability work, start with the subjects you already know, and use the SDGs to communicate about them.

Leverage this opportunity today and join GSC! Tell us your governance story at @GlobalSourcing with GSC1717

SDG 17: Strengthen the means of implementation and revitalize the global partnership for sustainable development

Goal 17 highlights the different types of resources that can help bring the 16 other SDGs to life. These are: Finance including investment; Technology, especially ICTs and environmentally sound technologies; Capacity-building to create national plans and implement the SDGs; Trade; Policy coherence and policy space; multi-stakeholder partnerships to mobilize and share knowledge, expertise, technology and financial resources, and public, public-private and civil society partnerships; and data, monitoring and accountability.

SDG 17 in Actionchalhoub group video
3S Community Engagement Award Nominee – Chalhoub Group
. “The Gift of Giving” is Chalhoub Group’s longest running community engagement campaign, which begun in 2008 and it now spans across 8 countries. Their objective is to support underprivileged children and empower them through education. Learn more. Vimeo password: chalhoub@2015.

SDG 17 Amplifiers
The 15th annual Wall Street Green Trading Summit, convening on March 14 in New York, will focus on the theme, “Market Acceleration of Sustainable Finance in 2016.” According to the organizers, environmental finance is “the capitalistic method” to achieve sustainability. Learn more.

Impact 2030 seeks to engage private sector employees in SDG efforts, through “corporate volunteering for sustainable development.” Founding collaborators include UN Office of Partnerships and UN Volunteers, and partners include Pfizer, Google, IBM, UPS, PwC, Chevron, Johnson & Johnson, Marriott, and Bank of America. Learn more.

Tell us your partnership story at @GlobalSourcing with GSC1717Showcase your sustainability leadership by aligning your mission with the UN 17 SDGs through the GSC 17/17 initiative.

Contact Louis Coppola (louis.coppola@gscouncil.org) or Angeline Judex(angeline.judex@gscouncil.org) to learn how to leverage our extensive global network to communicate your commitment to sustainable development.

Supply Chain Executives Embracing “More than the Basics” in Sustainability

In a study released by West Monroe Partners, 51% of participating supply chain executives (in North America) consider a green supply chain to be a strategic priority, showing that “appetites for sustainability exist.” However, only 37% have dedicated sustainability individuals or teams.

Since it can be difficult to secure the resources to embrace sustainability initiatives that have an impact, the report notes that regulations could help to “force action.” It also suggests that, within companies, those interested in making changes should assemble the sustainability business case for senior leadership.

Sustainable supply chain leaders derive benefits including:

  • Improved brand image and “customer sentiment,” and related revenue upside
  • Easier recycling
  • Reduced logistics costs
  • Reduced production costs
  • Compliance with regulations

Embracing the SDG framework and identifying how each SDG could be relevant and impactful for the company’s supply chain, could be a new, key way to secure more resources for advancing a green supply chain.

How does your supply chain link up with the SDGs?

SDG 12: Ensure Sustainable Consumption and Production Patterns (SCP)

SDG 12 calls for: efficiently using natural resources; halving global food waste – both at retail/consumer levels, and along the production and supply chain; managing chemicals and wastes in an environmentally sound way throughout their life cycle, and reducing their release to air, water and soil; preventing and reducing waste generation, and recycling and reusing;  encouraging companies to adopt sustainable practices and conduct sustainability reporting; and promoting sustainable public procurement.

SDG 12 in Action  

Tesco Group Chief Executive Dave Lewis is co-chairing a coalition of 30 international leaders – “Champions 12.3” – to reduce global food waste. The coalition is named for SDG Target 12.3, which calls to halve per capita food waste and reduce food losses by 2030. The coalition will showcase best practices in reducing food waste, and advocate for more investment and innovation in the field.

Another food waste initiative was undertaken by the Consumer Goods Forum, which notes that “if food waste was a country it would be the third biggest emitter of greenhouse gases globally after China and the US.”

The Food Waste Resolution focuses on CGF’s retailer and manufacturer members, and aims to halve the amount of food wasted in their operations by 2025. The resolution notes that food waste “undermines food security, contributes to climate change, consumes scarce natural resources such as water unnecessarily, and costs money.” CGF aims to achieve the goal by engaging with supply chains and end consumers, where material, and through partnerships with governments and NGOs.

Tell us your SCP story at @GlobalSourcing with

SDG 13: Combat Climate Change and its Impacts

SDG 13 calls for action in three areas, in parallel to the agreements reached in the UN Framework Convention on Climate Change (UNFCCC): resilience and adaptive capacity to climate-related hazards and natural disasters in all countries; national policies, strategies and planning on climate change; and education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction and early warning.

$100 billion will be needed annually by 2020 “from all sources” to address developing countries’ needs in mitigating climate change, and capitalize the Green Climate Fund.  Goal 13 calls for building capacity for effective climate change-related planning and management, including a focus on women, youth and local and marginalized communities.

SDG 13 Amplifier

The Supply Chain program at CDP enables organizations to engage suppliers on climate change and water.

According to CDP, business supply chains’ GHG emissions can be as much as four times that of a company’s direct cdp videooperations, and they represent a primary area of focus for businesses seeking to mitigate climate-related risks. CDP also notes that climate change and water stewardship issues increasingly impact business supply chains through new regulatory requirements, with potential negative implications on a company’s license to operate.  Moreover, extreme weather is creating supply chain volatility, leading to rising costs and the risk of reputational damage to a company’s brand value.

The Supply Chain program helps member organizations reduce their GHG emissions, improve water sustainability, and minimize environmental risks across their supply chains. Learn more.

Tell us your Climate Change story at @GlobalSourcing with GSC1717

SDG 14: Protect Oceans, Seas and Marine Resources

Goal 14 highlights the need to reduce marine pollution, restore marine and costal ecosystems, address ocean acidification, address overfishing and destructive fishing practices and restore fish stocks, and direct more of the economic benefits from marine resources to small island developing states.

SDG 14 in Action

Jet Blue knows that a healthy ecosystem in the destinations on its route network have a direct impact on its business: “No one benefits when oceans and beaches are polluted, yet these problems persist around the world.” Jet Blue has partnered with: The Ocean Foundation, to show the economic value of clean beaches, the Center for Responsible Travel, to introduce sustainability students to coastal tourism; and the Surfrider Foundation to support coastal restoration and protection for oceans, waves and beaches. Jet Blue wants its customers to “land on a clean beach, now and in the future.” Learn more.

Tell us your marine protection story at @GlobalSourcing with GSC1717

Showcase your sustainability leadership by aligning your mission with the UN 17 SDGs through the GSC 17/17 initiative.

Contact Louis Coppola (louis.coppola@gscouncil.org) or Angeline Judex(angeline.judex@gscouncil.org) to learn how to leverage our extensive global network to communicate your commitment to sustainable development.

Promoting Women is Good Business Says World Bank, UN Women

 

Ten Fortune 500 companies across ten industries have opened their gender diversity figures to UN Women for a report on gender parity. In the ten companies – AccorHotels, Barclays, Koç Holding, McKinsey & Company, PricewaterhouseCoopers (PwC), Schneider Electric, Tupperware Brands, Twitter, Unilever and Vodafone – women’s participation at senior leadership levels is between 11% and 33%. UN Women says companies with the highest representation of women in executive committees and positions perform and compete better than their counterparts.

 

While none of these companies has achieved gender parity in the top 6% of roles, Barclays, PwC, Tupperware and Unilever have achieved gender parity in new hires, and AccorHotels and Tupperware have achieved board parity (between 40-60%).

 

The World Bank issued a new resource covering over 200 countries, and detailing: businesses with female owners or females in top management positions; women in ministerial-level government positions; women and men with mobile phones; and women and men who saved money over the past year. The ‘Little Data Book on Gender 2016′ demonstrates that gender equality is “not only a core development objective, but smart economics.”

 

How are your company’s equality practices good for business?

 

Join GSC 17 / 17 SDGs Initiative to showcase your sustainability leadership. Contact Louis Coppola, louis.coppola@gscouncil.org, to find out more.

 

SDG 9 is about Industry, Innovation & Infrastructure.

Goal 9’s targets call for: developing quality, reliable, sustainable and resilient infrastructure; promoting inclusive and sustainable industrialization; raising industry’s share of employment and GDP; improving access to financial services for small-scale enterprises; upgrading infrastructure and retrofitting industries for better resource-use efficiency and clean and environmentally sound technologies and industrial processes; and upgrading the technological capabilities of industrial sectors in all countries.

 

In addition, SDG 9 supporters are called on to: encourage innovation; enhance financial, technological and technical support to the countries most in need; support domestic technology development, research and innovation in developing countries; and increase access to information and communications technology including universal and affordable access to the internet in least developed countries.

 

SDG 9 in Action
3S Impact Sourcing 2015 Award Nominee: Protoprint
Protoprint provides low-cost technology for waste picker co-operatives in India, to add value to the waste plastic they collect, by allowing them to turn it into 3D printer filament. Production takes place in a shed at the garbage dump, and Protoprint pays Rs.300/kg of filament processed (as compared to Rs.14/kg the wastepickers normally get by selling the plastic to scrap dealers). Learn more.

 

It’s your turn! How do you contribute to resilient infrastructure, inclusive and sustainable industrialization, and innovation?

SDG 10 is about Reduced Inequalities.

Goal 10’s targets address: income growth for the bottom 40% of the population; social, economic and political inclusion for everyone, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status; social protection policies; regulation and monitoring of financial institutions and markets; enhancing the representation and voice for developing countries in global international economic and financial institutions; and safe migration.

 

SDG 10 supporters can help by reducing transaction costs for migrant remittances, and increasing foreign direct investment to the developed countries, African countries, and small island developing States.

 

SDG 10 in Action
Fight for 15 is a movement of employees to secure $15/hour for low-wage jobs and the right to form a union.It’s your turn! How do you contribute to equality within and among countries?

 

SDG 11 is about Sustainable Cities and Communities.

Goal 11’s targets highlight: access to adequate, safe and affordable housing and basic services; access to safe, affordable, accessible and sustainable transport systems ;  improving road safety, expanding public transport; inclusive and sustainable urbanization; protecting the world’s cultural and natural heritage; reducing deaths and economic losses from disasters; air quality and municipal waste management; and universal access to safe, inclusive and accessible, green and public spaces.

 

SDG 11 supporters can assist least developed countries in building sustainable and resilient buildings utilizing local materials.

 

SDG 11 in Action
3S Community Engagement 2015 Award Nominee: Paradign Initiative Nigeria
Paradigm’s L.I.F.E. program – L.I.F.E.(Life Skills, ICTs, Financial Readiness and Entrepreneurship Skills) is a train-the-trainer capacity building initiative to transform slums in Nigeria, as a model of intervention for other underserved communities. Training participants are then either matched with companies to complete internships or supported to pursue their entrepreneurial interests. Learn more.

It’s your turn! How do you contribute to inclusive, safe, resilient and sustainable cities and other settlements?

 

Join GSC 17 / 17 SDGs Initiative to showcase your sustainability leadership. Contact Louis Coppola, louis.coppola@gscouncil.org, to find out how.

Newsletters

July’s Edition of The Source- Carbon Accounting: Measuring, Modeling & Monetizing Greenhouse Gases

Carbon Accounting: Measuring, Modeling & Monetizing Greenhouse Gases

From the Editor:

Dear Members: 

We have changed the platform that has previously supported our Newsletter and we are still encountering some format/layout issues. 

Please bear with us as we work through these issues.

This month’s Source focuses on carbon accounting. We can utilize various methods of measuring the amount of emissions we produce as a society to help reduce our carbon footprint as well as derive financial benefits by assigning a monetary value to those emissions and trading them within the framework of Emission Trading Systems (ETS). Each industry and individual corporation has an opportunity to maximize profit-impacting incentives that will drive the development of innovative methods to sustainably produce and deliver their products. As the world’s financial markets continue to reward these investments into more environmentally sound practices which lead to improved sourcing options, the conversation about how to measure, validate and valuate these calculations will continue to evolve.

Thought Leadership: How Can Carbon Accounting Save Our Planet?

“The average American emits more than 120 pounds (~54 kg) of CO2 everyday. That’s equivalent to the weight of about 10 domestic cats, or 19 masonry bricks, or 87 US basketballs, or 176 human hearts. In 2017, collectively, we humans, emitted 40 billion metric tons of CO2, a volume large enough to fill 8 billion Olympic-sized swimming pools full of carbon dioxide. ‘You can only manage what you measure.’ The moment we start measuring carbon emissions is the moment that we make positive chance possible.”

                          Arnoud Brohé, CEO of CO2logic Inc and Board Member of the Global Sourcing Council.
Click HERE to read more.

About the Author:

Arnaud Brohé is the CEO of CO2logic Inc, a consulting firm specializing in the reduction of carbon emissions through strategic business and engineering solutions that has been applying carbon accounting principles for over 10 years.  Through their partnerships with over 200 organizations, they have saved more than half a million tons of COfrom being emitted and millions of dollars in energy bills.  Some of these savings were reinvested in creating additional carbon reduction projects in countries that are the most affected by the climate crisis, saving another half a million tons of carbon dioxide from being released into the atmosphere.  For more information, please visit their website at https://www.co2logic.com/en/team.

Calculating Superhero Carbon Footprints

By Randy Showstack

Ever think about calling on superheroes to help raise awareness of and help fight greenhouse gas emissions? Researchers and educators are thinking outside the galaxy to capture a different audience’s attention, hoping to motivate us mere mortals to take individual actions that can positively impact the planet, causing us to laugh a little bit along the way.

“If I calculate my own carbon footprint, that’s depressing. If I calculate Batman’s carbon footprint, that’s hilarious. So let’s go with the hilarious.” – Miles Traer, a geological data scientist and educator at Stanford University at the American Geophysical Union’s 2017 Fall Meeting in New Orleans.
Photo Credit: Batman and other characters from the Justice League film ride the London Underground this past November en route to the film’s U.K. premier. Credit: Ollie Millington/Getty Images Entertainment/Getty Images

Click HERE to read more.

Consumption-Based GHG Emissions of C40 Cities

We won’t change what we don’t measure. Having a standardized set of methodologies that define how much CO2 and other pollutants are released into the atmosphere helps us to analyze and investigate ways of living in our industrialized society. It impacts how factories are designed, how the materials to build and maintain those facilities are sourced, and the quality of life of those who work in and around that industry based on the air and water quality they consume.

“To support evidence-based climate action planning, many cities have developed sector-based GHG inventories using standards such as the Global Protocol for Community-Scale Greenhouse Gas Emission Inventories (GPC).” This March 2018 Report presents “the methodology and results of a study investigating the consumption-based greenhouse gas emissions (GHG) from 79 cities, carried out by the C40 Cities Climate Leadership Group (C40) in partnership with the University of Leeds (United Kingdom), the University of New South Wales (Australia), and Arup.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Click HERE to read more.

World Bank Group Report: State and Trends of Carbon Pricing 2018

How does one monetize GHG Emissions and input those values to account for the financial benefits of those calculations? How does that impact the development of and investment in renewable energy technology, if at all?

“Carbon pricing continues to gain traction and there is progress towards scaling up international climate finance. 2017 saw continued progress on carbon pricing initiatives at the subnational, national, and regional levels, and 2018 will be a critical year for implementing international carbon pricing mechanisms. In 2018, the total value of ETs and carbon taxes is US$82 billion, representing a 56 percent increase compared to the 2017 value of US$52 billion.”



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary map of regional, national and subnational carbon pricing initiatives implemented, scheduled for implementation and under consideration (ETS and carbon tax).

Click HERE to read more.

 

Q1 2018 Summary of the Green Bond Market

The European Investment Bank (EIB) and the World Bank issued the first Green Bonds in 2007. Ten years later in 2017, the Green Bond Market saw an issuance of USD $157B, setting a new record of investments in projects that are intended to have a positive impact on the health of the climate and environment. (Source https://www.climatebonds.net/market/explaining-green-bonds)

“As of April of 2018, there has been USD $25.8B issued in Green Bonds and the number of “Green Bond” countries has now increased to 47 with the addition of Iceland and Indonesia. The largest portion of proceeds from the Certified Climate Bonds and Loans is allocated to transport (40%), followed by wind (21%) and solar (11%). There have been Certified loans under three of the renewable energy criteria and two of the buildings criteria.”

Click HERE to read more.

Mark Your Calendars For…

Events in the US:

Sustainability: How Corporate Superstars Get It Right

Tuesday and Wednesday July 17 & 18 in NYC

The 2018 Sustainability Summit presented by The Conference Board.

The 2018 Sustainability Summit will provide a unique opportunity for sustainability practitioners at leading companies to enjoy a safe space to address the most urgent and persistent, strategic, operational, and implementation challenges they face in addressing the environmental, social and governance (ESG) performance of their companies. The summit will enable peer-to-peer exchange and engagement with leading practitioners and subject matter experts to work in a collaborative way through the major challenges that corporate sustainability professionals face.

CSR Investing Summit/Summer in the City

Wednesday July 18 in NYC

The “Summer in the City” 6th Annual CSR Investing Summit is an all-day conference that presents a forum for engaging with thought leaders and discussing their points of view on how to define, manage and measure responsible investing. The conference includes expert practitioners who are plan sponsors, endowments, consultants, academics, non-governmental organizations, the sell side, and media. Attire is formal and networking is encouraged.

For more information, click here. GSC affiliates can use code sitcgsc for 25% off:

http://csrinvestingsummit.eventzilla.net/web/event?eventid=2138931806 

GeSI’s New Report “Enabling the Global Goals”

Tuesday July 17th in NYC

GeSI will be launching their new report, “Enabling the Global Goals: Evidence of digital solutions’ impact on achieving the Sustainable Development Goals (SDGs),” on Tuesday, July 17th, at the closing reception of the SDG Business Forum held during the High-Level Political Forum on the SDGs in New York City. This report shares new, compelling evidence that the digital sector is positively linked to achieving the SDGs. They will also be launching a website where main findings and case studies will be showcased but most importantly, will allow the digital industry to track its contribution to the SDGs with the GeSI Digital Access Index (DAI) developed for this project. To find out more about GeSI, please go to their website: http://gesi.org/

New GSC Webinar Series

Wednesday September 26 ONLINE

In September, the GSC takes a look at incorporating ESG (Environmental, Social & Governance) considerations into sourcing and corporate strategies. We’d like to hear from YOU and incorporate your stories and questions into the September Source Newsletter and the September 26th Webinar. Contribute to this conversation by answering this survey.

3T: Transparency, Technology, Trust- Blockchain for Responsible Sourcing

Wednesday October 24th in NYC

Presented by the GSC and New York University Center for Responsible Business. More information coming soon. To learn more about the NYU- Center for Sustainable Business, please click here.

Global Events

Asia Pacific Climate Week 2018

July 11-13 in Singapore

Asia-Pacific Climate Week 2018 (APCW 2018) is designed to advance regional climate action. The ultimate aim of APCW 2018, the first of what is planned to be an annual gathering, is to support implementation of countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement on climate change and action to deliver on the SDGs. With Asia Pacific Carbon Forum featuring as a cornerstone event, APCW 2018 will focus on market-based approaches, economic instruments and climate-aligned finance to drive investment in climate action. For more information click here.

Leaders Briefing: Navigating the TCFD Maze

September 21 in London

The recommendations from the Taskforce on Climate-related Financial Disclosures (TCFD) could prove to be one of the defining developments in the global effort to tackle climate change and build a global green economy. This is not hyperbole. Far from being just another business acronym or dry reporting requirement, the TCFDs could prove to be the lever that forces environmental considerations into the board room and places climate action at the heart of corporate strategy.  For more information and to register, click here.

Because we all need a little humor every day:

 

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Carbon Accounting: Measuring, Modeling & Monetizing Greenhouse Gases

From the Editor:

Dear Members: 

We have changed the platform that has previously supported our Newsletter and we are still encountering some format/layout issues. 

Please bear with us as we work through these issues.

This month’s Source focuses on carbon accounting. We can utilize various methods of measuring the amount of emissions we produce as a society to help reduce our carbon footprint as well as derive financial benefits by assigning a monetary value to those emissions and trading them within the framework of Emission Trading Systems (ETS). Each industry and individual corporation has an opportunity to maximize profit-impacting incentives that will drive the development of innovative methods to sustainably produce and deliver their products. As the world’s financial markets continue to reward these investments into more environmentally sound practices which lead to improved sourcing options, the conversation about how to measure, validate and valuate these calculations will continue to evolve.

Thought Leadership: How Can Carbon Accounting Save Our Planet?

“The average American emits more than 120 pounds (~54 kg) of CO2 everyday. That’s equivalent to the weight of about 10 domestic cats, or 19 masonry bricks, or 87 US basketballs, or 176 human hearts. In 2017, collectively, we humans, emitted 40 billion metric tons of CO2, a volume large enough to fill 8 billion Olympic-sized swimming pools full of carbon dioxide. ‘You can only manage what you measure.’ The moment we start measuring carbon emissions is the moment that we make positive chance possible.”

                          Arnoud Brohé, CEO of CO2logic Inc and Board Member of the Global Sourcing Council.
Click HERE to read more.

About the Author:

Arnaud Brohé is the CEO of CO2logic Inc, a consulting firm specializing in the reduction of carbon emissions through strategic business and engineering solutions that has been applying carbon accounting principles for over 10 years.  Through their partnerships with over 200 organizations, they have saved more than half a million tons of COfrom being emitted and millions of dollars in energy bills.  Some of these savings were reinvested in creating additional carbon reduction projects in countries that are the most affected by the climate crisis, saving another half a million tons of carbon dioxide from being released into the atmosphere.  For more information, please visit their website at https://www.co2logic.com/en/team.

Calculating Superhero Carbon Footprints

By Randy Showstack

Ever think about calling on superheroes to help raise awareness of and help fight greenhouse gas emissions? Researchers and educators are thinking outside the galaxy to capture a different audience’s attention, hoping to motivate us mere mortals to take individual actions that can positively impact the planet, causing us to laugh a little bit along the way.

“If I calculate my own carbon footprint, that’s depressing. If I calculate Batman’s carbon footprint, that’s hilarious. So let’s go with the hilarious.” – Miles Traer, a geological data scientist and educator at Stanford University at the American Geophysical Union’s 2017 Fall Meeting in New Orleans.
Photo Credit: Batman and other characters from the Justice League film ride the London Underground this past November en route to the film’s U.K. premier. Credit: Ollie Millington/Getty Images Entertainment/Getty Images

Click HERE to read more.

Consumption-Based GHG Emissions of C40 Cities

We won’t change what we don’t measure. Having a standardized set of methodologies that define how much CO2 and other pollutants are released into the atmosphere helps us to analyze and investigate ways of living in our industrialized society. It impacts how factories are designed, how the materials to build and maintain those facilities are sourced, and the quality of life of those who work in and around that industry based on the air and water quality they consume.

“To support evidence-based climate action planning, many cities have developed sector-based GHG inventories using standards such as the Global Protocol for Community-Scale Greenhouse Gas Emission Inventories (GPC).” This March 2018 Report presents “the methodology and results of a study investigating the consumption-based greenhouse gas emissions (GHG) from 79 cities, carried out by the C40 Cities Climate Leadership Group (C40) in partnership with the University of Leeds (United Kingdom), the University of New South Wales (Australia), and Arup.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Click HERE to read more.

World Bank Group Report: State and Trends of Carbon Pricing 2018

How does one monetize GHG Emissions and input those values to account for the financial benefits of those calculations? How does that impact the development of and investment in renewable energy technology, if at all?

“Carbon pricing continues to gain traction and there is progress towards scaling up international climate finance. 2017 saw continued progress on carbon pricing initiatives at the subnational, national, and regional levels, and 2018 will be a critical year for implementing international carbon pricing mechanisms. In 2018, the total value of ETs and carbon taxes is US$82 billion, representing a 56 percent increase compared to the 2017 value of US$52 billion.”



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary map of regional, national and subnational carbon pricing initiatives implemented, scheduled for implementation and under consideration (ETS and carbon tax).

Click HERE to read more.

 

Q1 2018 Summary of the Green Bond Market

The European Investment Bank (EIB) and the World Bank issued the first Green Bonds in 2007. Ten years later in 2017, the Green Bond Market saw an issuance of USD $157B, setting a new record of investments in projects that are intended to have a positive impact on the health of the climate and environment. (Source https://www.climatebonds.net/market/explaining-green-bonds)

“As of April of 2018, there has been USD $25.8B issued in Green Bonds and the number of “Green Bond” countries has now increased to 47 with the addition of Iceland and Indonesia. The largest portion of proceeds from the Certified Climate Bonds and Loans is allocated to transport (40%), followed by wind (21%) and solar (11%). There have been Certified loans under three of the renewable energy criteria and two of the buildings criteria.”

Click HERE to read more.

Mark Your Calendars For…

Events in the US:

Sustainability: How Corporate Superstars Get It Right

Tuesday and Wednesday July 17 & 18 in NYC

The 2018 Sustainability Summit presented by The Conference Board.

The 2018 Sustainability Summit will provide a unique opportunity for sustainability practitioners at leading companies to enjoy a safe space to address the most urgent and persistent, strategic, operational, and implementation challenges they face in addressing the environmental, social and governance (ESG) performance of their companies. The summit will enable peer-to-peer exchange and engagement with leading practitioners and subject matter experts to work in a collaborative way through the major challenges that corporate sustainability professionals face.

CSR Investing Summit/Summer in the City

Wednesday July 18 in NYC

The “Summer in the City” 6th Annual CSR Investing Summit is an all-day conference that presents a forum for engaging with thought leaders and discussing their points of view on how to define, manage and measure responsible investing. The conference includes expert practitioners who are plan sponsors, endowments, consultants, academics, non-governmental organizations, the sell side, and media. Attire is formal and networking is encouraged.

For more information, click here. GSC affiliates can use code sitcgsc for 25% off:

http://csrinvestingsummit.eventzilla.net/web/event?eventid=2138931806 

GeSI’s New Report “Enabling the Global Goals”

Tuesday July 17th in NYC

GeSI will be launching their new report, “Enabling the Global Goals: Evidence of digital solutions’ impact on achieving the Sustainable Development Goals (SDGs),” on Tuesday, July 17th, at the closing reception of the SDG Business Forum held during the High-Level Political Forum on the SDGs in New York City. This report shares new, compelling evidence that the digital sector is positively linked to achieving the SDGs. They will also be launching a website where main findings and case studies will be showcased but most importantly, will allow the digital industry to track its contribution to the SDGs with the GeSI Digital Access Index (DAI) developed for this project. To find out more about GeSI, please go to their website: http://gesi.org/

New GSC Webinar Series

Wednesday September 26 ONLINE

In September, the GSC takes a look at incorporating ESG (Environmental, Social & Governance) considerations into sourcing and corporate strategies. We’d like to hear from YOU and incorporate your stories and questions into the September Source Newsletter and the September 26th Webinar. Contribute to this conversation by answering this survey.

3T: Transparency, Technology, Trust- Blockchain for Responsible Sourcing

Wednesday October 24th in NYC

Presented by the GSC and New York University Center for Responsible Business. More information coming soon. To learn more about the NYU- Center for Sustainable Business, please click here.

Global Events

Asia Pacific Climate Week 2018

July 11-13 in Singapore

Asia-Pacific Climate Week 2018 (APCW 2018) is designed to advance regional climate action. The ultimate aim of APCW 2018, the first of what is planned to be an annual gathering, is to support implementation of countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement on climate change and action to deliver on the SDGs. With Asia Pacific Carbon Forum featuring as a cornerstone event, APCW 2018 will focus on market-based approaches, economic instruments and climate-aligned finance to drive investment in climate action. For more information click here.

Leaders Briefing: Navigating the TCFD Maze

September 21 in London

The recommendations from the Taskforce on Climate-related Financial Disclosures (TCFD) could prove to be one of the defining developments in the global effort to tackle climate change and build a global green economy. This is not hyperbole. Far from being just another business acronym or dry reporting requirement, the TCFDs could prove to be the lever that forces environmental considerations into the board room and places climate action at the heart of corporate strategy.  For more information and to register, click here.

Because we all need a little humor every day: