All Posts By


CDP Ireland Network Event: November 2019

By | Blog, Event | No Comments

Corporate ESG Measurement and Reporting

Addressing the accelerating challenge of climate change

As part of Climate Finance Week 2019, the CDP Ireland Network is hosting an event on ESG reporting and measurement. It will focus on why leading Irish companies are making sustainability a priority for their businesses and why investors are increasingly considering ESG factors in their investment decisions. It is suitable for companies at all stages of the responsible business journey and will look at emerging trends such as ESG reporting, TCFD, Carbon Pricing and Science-Based Targets.

The event will open with our keynote speaker Paul Dickinson, Executive Chair and founder of CDP. Paul will highlight the global corporate sustainability movement, the latest trends in measurement and reporting and why it is essential that companies are addressing this agenda.

This will be followed by two panels. On the first panel we will hear from Irish corporates on the benefits of operating a responsible business, while on the second we’ll be joined by investors to hear how both Irish and global asset managers are assessing companies and what they are looking for when it comes to responsible investment and ESG disclosures. We will also get an insight on how the EU are tackling the Sustainable Finance agenda and what this will means for Irish companies.

After the break we will move onto the more practical side of the morning’s event. Participants will have the opportunity to take part in two workshops. In the first workshop they will have the opportunity to learn about the latest and emerging sustainability topics. Each topic will be coordinated by a practitioner who will be able to provide real examples from their own experience in implementing these initiatives in their company.

  • Sustainability & ESG Reporting. Understand the available frameworks & schemes, the emerging best practices, common challenges, and success stories when it comes to reporting.
  • Setting and meeting climate change targets. Demystify science-based targets, pledges and learn about the types of projects that can best help companies meet their sustainability targets such as renewables, offsetting emissions, responsible sourcing & circular economy projects.
  • Embracing Climate Related Risk and Opportunities. Understand how to best integrate the TCFD recommendations into your business and how to effectively disclose this information to your stakeholders.

The second workshop will allow participants to gain latest insights into the CDP Climate Change, Forestry, Water and Supply Chain programmes. Again these will be led by practitioners who have experience in implementing these programmes in their business.

This event is hosted by the CDP Ireland Network, which represents CDP’s interests in Ireland and encourages Irish companies to report their environmental impact (carbon, water, forestry) in a consistent and credible way. The network is managed by a Steering Committee which consists of Irish companies who respond to CDP and members from the investment community.

If you are interested in finding out more about responding to CDP in 2020 please contact or

To download agenda click here.

Event Details:  

Date: Wednesday November 6

Time: Registration and light refreshments at 9am, with a 9.30am start. Lunch hosted by CPL’s Future of Work Institute. Close at 1.30pm.

Location: The Printworks, Dublin Castle, Dublin 2

Registration: This event is free to attend, however registration is necessary as spaces are limited. Click here to register now.

This event is being hosted by the CDP Ireland Network in conjunction with Sustainable Nation as part of Climate Finance Week .It is kindly supported by CPL Resources and Sustainability Skillnet.


A Client Case Study on Carbon Management Services

By | Case Study | No Comments

A case study, on how we approached carbon footprinting and greenhouse gas reporting for one of our agri-service provider clients. 

Background & Goals

Investors, regulators and buyers are increasingly focused on the issue of climate change. Being able to measure, reduce and disclose a company’s emissions is an important step as evidence of a commitment to sustainability. The objective was to:

  • Improve GHG emissions data collection, carbon measurement and reporting
  • Report to CDP for the 2019 disclosure cycle and improve their performance score

 Project Scope

  • Develop GHG emissions data capture and reporting plan for their global business
  • Build a data collection framework to collect and validate their Scope 1,2 and 3 emissions.
  • Assist our client in completing their response to CDP
  • Complete a product assessment comparing the environmental impact of our client’s products versus alternative options
  • Develop a supplier Scope 3 data collection programme for emissions from categories such as business travel, waste and water

Project Outcomes

  • Developed a GHG emissions plan with timelines and resources for data collection processes, reporting strategies to groups such as CDP, and stakeholder engagement
  • Developed a spreadsheet-based model for data collection with appropriate factors provided that can be amended by the client going forwarded and aligns with best practice reporting frameworks such as CDP
  • Assisted our client in maximizing scoring potential and submitting a high-quality response to the CDP questionnaire
  • Verified GHG emissions including a verification certificate where evidence was provided
  • Calculated and reported on the carbon, energy, water and other impact from the production of use of our client’s products as compared with alternatives using global best practice databases and methodologies
  • Presented a publishable verified report which can be shared with customers and stakeholders on the relative benefits of our client’s products in environmental terms

Project Impact

  • There is now greater clarity and improved visibility on energy and resource spend across this international business.
  • Greater engagement by internal and external stakeholders on sustainability has driven innovation in our client’s business
  • Our client was able to improve its overall ESG Investor scorecard following an improved CDP score.


For more information on our carbon management services, please contact

Sustainability Reporting Demystified

By | Blog | No Comments

In recent years there is increasing pressure on companies to not only engage in sustainability measures, but to share their actions and performance with stakeholders through sustainability reporting. But what exactly is sustainability reporting? And how can a company produce an effective sustainability report?

What is sustainability reporting?

Sustainability reporting is often known by a number of names. Some call it non-financial reporting, some CSR, and others ESG or citizenship reports. However, these are all a method of communicating to various stakeholder groups across a range of environmental, social, and governance issues.

Traditionally, sustainability reports were relatively unstructured and covered a range of mostly disconnected issues. Now, we are seeing a shift to a more structured approach, using recognized frameworks such as the GRI, the UN Global Compact and alignment with the UN Sustainable Development Goals. Sustainability reporting is becoming an effective means to consolidate what is otherwise a wide and disparate range of topics and issues. The biggest driver behind reporting is engagement with a variety of stakeholders through communication of a company’s sustainability measures.

Who are these stakeholders, and what are their expectations for reporting?

There are a number of stakeholders that are increasingly becoming engaged with sustainability. While the stakeholders involved depends on a particular company, the stakeholders that we at Clearstream typically find most interested in a company’s sustainability performance are investors, customers, employees and industry regulators.

In our experience, investors are often the biggest driver of a company’s engagement with sustainability. Investors have recognized the importance of non-financial issues to a company’s economic performance and are increasingly looking at risk and opportunity in these areas. They are looking to see if the companies they invest in are disclosing ESG issues in an annual report, on the company website, or through frameworks such as CDP. From the viewpoint of investors, a financial report tells them what you did in the past, but a sustainability report tells them what you are going to do in the future.

Customers are also looking for evidence of commitment to sustainability in their sourcing and supply chain through programs such as CDP, EcoVadis, Sedex and Verego. They hope to identify potential risk and opportunity in their value chains through their supplier’s sustainability reporting.

In addition to companies providing information to investors and customers through programs such as CDP, companies may also be rated even if they are not directly engaging through these platforms. Companies such as Sustainalytics and MSCI are measuring, assessing and reporting on a company’s performance to interested stakeholders, making it important for a company to be proactively involved in reporting and communicating their sustainability message.

A progressively more important aspect of a company’s sustainability measures is the impact they have on internal stakeholders.  Employees and management are becoming empowered to drive and engage with their company on issues of sustainability. Employees want to work for companies that are conscious of sustainability responsibilities and are beginning to evaluate this within their own companies and when finding new places to work.

The last general stakeholder of concern is regulators, governments and industry bodies. These organizations are tightening their focus on companies’ non-financial performance. Programs such as mandatory carbon reporting and emissions schemes or the EU non-financial reporting directive and other programs addressing modern slavery and supply chain transparency are becoming more common and important for a company to consider and address in their sustainability plan.

What are the steps to writing a sustainability report?

A sustainability report is an output and result of a company’s sustainability performance, not a sustainability achievement itself. Therefore, there are several important steps prior to reporting and communicating sustainability efforts. When we are working with a client, we start with defining the scope and boundary of the sustainability plan. For example, what topics are they covering? Are they addressing local, or global initiatives? During this step, a lot of our clients will decide to address a range of topics from climate change to biodiversity to workplace concerns. The second step is to collect and validate data across all the selected areas. This data is used to set targets and identify areas of improvement. Once a client has defined the scope, collected data and established targets, they are in a position to begin the process of reporting and communicating their sustainability performance to stakeholders.

What makes a good sustainability report?

In our experience, we at Clearstream find that there are three key components of a good sustainability report. The first is clear guidance and support from senior management. This is crucial for a sustainability plan to be most effective within a company. Sustainability reports must also address issues of material concern. For example, the Taskforce on Climate Related Disclosures (TCFD) provides good guidance for companies to assess the financial risk of climate change in their business. The final component of a good sustainability report is a series of measures and targets. We are seeing that stakeholders are no longer looking just to see if a company is willing to disclose its sustainability measures, but also the specific actions they are taking to address sustainability and their performance in each of these areas. I also love to see companies report where they are struggling and what challenges they are facing as a sign of maturity and appropriate attention to these issues.

It is important to note that all companies are on a journey in terms of the maturity of their sustainability initiatives. No level of reporting that a company engages in is useless, unless it is completely inaccurate. The existence of a sustainability report within a company is better than nothing, as it shows awareness that there is something they should be addressing and involves some level of raising the profile of the issues and documenting the company’s approach. The worst a company can do is choose to not engage with their stakeholders on the topic at all.

How might we see sustainability reporting change in the future?

We have already seen, and will continue to see, a shift towards more structured reports following the recognized frameworks of programs such as the GRI and CDP. We are also seeing a consolidation of maturity in the approach to reporting and greater regulation from industry and accounting groups.

In general, sustainability reporting is becoming more mainstream. One of the most transformational impacts that I have seen sustainability reporting have on a business is when a company includes sustainability as a mandatory requirement in their annual report, as many public companies are starting to do. This focuses the board’s attention on the topic as now metrics and progress must be signed off on by the CEO. Sustainability is no longer just a sustainability officer hygiene concern; it has become a boardroom issue.


This interview was conducted by Katelyn Boisvert on behalf of Clearstream Solutions. To find out more about this topic contact

CDP Responsible Sourcing Seminar: Managing Supply Chain GHG Emissions

By | Event | No Comments

On June 26, 2019, the CDP Ireland Network hosted a seminar to explore why many of the world’s leading companies are now assessing climate risk and opportunity in their value chain and are choosing to measure and report their Scope 3 emissions, which include indirect emissions from areas such as transportation and waste management.

Our keynote, Edward Cameron, set the scene by highlighting some of the key trends that are driving businesses to take meaningful action against climate change. Businesses now have an improved understanding of the risk and reward that climate change presents to their business. No longer just an environmental issue, it is now been considered across all departments including financial, legal & compliance, HR and operations. Edward challenged the businesses in the room to not only identifying the hazards impacting their businesses, but also to assess your exposure to these hazards and to ensure that you don’t have any underlying vulnerabilities. Examples of vulnerabilities mentioned included being overly reliant on one factory to produce a critical component in your supply chain, or if your workforce predominately came from one section of society, they may be unable to work in the event of an extreme weather event.

Continuing on an optimistic note, he highlighted how the transition has begun, emphasizing what an unprecedented achievement it was to get 196 countries to sign up to the Paris Agreement. And while the ambition has been set at a global policy level, he sees businesses as the partners that will drive real change and implementation. Already over 6,000 companies representing $36 trillion in revenue have committed to climate action. Coming from 120 countries, these businesses make up half the global economy. However, he warned the network to be careful on how their businesses are presenting their emission reduction targets and achievements. Citing the example of a large technology company, he pointed out that their claim to have already achieved net zero emissions was more than a little misleading, with the claim relating to their direct emissions only, however 96% of their overall emissions come from indirect sources (Scope 3).

To finish, he outlined how leadership is building in businesses on the topic of climate change. He urged organisations to first Act by setting targets in your own businesses and getting buy in from the leadership team; then Enable, by educating your supply chains or the companies you invest in; and finally Influence, by driving change in public policy and actively engage with your consumers or “captive” audience to change their behaviours.

CDP Supply Chain Programme

We then delved into the more practical side of the seminar, starting with Kate Redington from the CDP Supply Chain team who gave an overview of the CDP Supply Chain Programme. It is a platform for engagement with your suppliers to help them reduce their carbon emissions.

Some of the benefits of this programme include

  • A standardized platform to engage with your supply chain on environmental issues;
  • The opportunity to educate and involve the procurement team in driving climate action in the supply chain;
  • Show leadership among your supply chain, especially among smaller companies who may not yet be looking at reducing their emissions yet;
  • Improve disclosure of your Scope 3 emissions as your suppliers are now allocating a percentage of their emissions to your business; Kate pointed out that on average Scope 3 emissions account for 5.5 times a company’s direct emissions; and for some sectors, such as retail, this can be as high as 90%.
  • Help to improve your overall CDP score and your Supplier Engagement Score;
  • Reduce risk and improve efficiencies in your supply chain.

Measuring Transport Emissions

Paul Ledesve from TK’Blue, a non-financial rating and labelling agency that helps clients measure their transport emissions, then presented the argument for why companies should be measuring their transport emissions. While measuring your transport emissions is not hard, it can be very laborious to do it accurately, especially when you want to capture the actual energy consumption of journeys, use real distances, and know the technical characteristics of all the vehicles used. This level of detail requires a highlevel of cooperation with all the various transport carriers used by your business.

Paul also highlighted that while the focus at the moment is on monitoring and reporting transport emissions, in the future other transport related issues created by businesses may need to be recorded such as air pollution (NOX, particles, SO2 etc.) and noise levels.

Also announced was the news that Clearstream Solutions would be the partner for TK’Blue in Ireland.

Measuring Waste Emissions

Dr. Leigh Holloway of eco3, gave a thought-provoking presentation on the management and measurement of waste emissions. Some of the key takeaways included,

  • You must first understand your waste generation before you embark on any initiatives to reduce, otherwise you make assumptions which can lead you to focus on the wrong issues;
  • Always collect and analyse the data;
  • While the carbon footprint of packaging is important, it alone should not be what drives your decision to select a certain type of packaging. Other factors such as its ability to be reused and its recyclability should always be considered;


This event was kindly supported by Sustainability Skillnet and Clearstream Solutions.

If you require any information on any of the topics raised in this post please contact or