Carbon and climate core to big business
‘Companies are keen to show their impact on the global sustainability challenge’
SSE has worked with the Science Based Target Initiative (SBTi) to set a series of new carbon targets that reflect the climate science and global and national momentum on climate change. These targets meet the strict SBTi criteria and were approved by SBTi in April 2020, meaning SSE’s stakeholders can be assured that its targets reflect the latest climate science.
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Sustainability: some top trends
How we operate environmentally is changing and clear patterns are emerging
“Sustainability used to be a CSR issue, a business hygiene function,” says Brian O’Kennedy, chief executive of sustainability consultancy Clearstream Solutions. “A box-ticking exercise with a few words in the annual report with a nice picture of employees doing voluntary work. But the market wants to see metrics now. This is being driven be investors, customers and consumers. Investors have realised that sustainable companies outperform the market. Companies on the Carbon Disclosure Project A-list outperformed market by 7 per cent last year. Investors want to put money into funds that are sustainable.
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Little-by-little steps: how Irish business goes about change
New initiative aims to help companies align carbon-reduction efforts with Paris Agreement
Irish companies are becoming increasingly willing to set externally verified emissions targets, confirms Brian O’Kennedy, director of CDP Ireland Network and chief executive of Clearstream Solutions.
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Big increase in Irish companies reporting carbon emissions, report finds
There has been a 52 per cent increase in Irish companies reporting their carbon emissions over the past year, according to the not-for-profit CDP Ireland Network, which is part of a global environmental reporting network.
Encouraged by investor scrutiny, customer competitive focus and pushed by EU regulation, “climate change has moved from the sustainability office onto the board room table”, said CDP Ireland executive director Brian O’Kennedy, “and is now an integral part of the annual reporting cycle of many Irish companies.”
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More Irish companies reporting environmental emissions – CDP
CDP’s Climate Change Report 2020, published today, shows that 47 Irish headquartered companies reported on their carbon emissions last year, up from 31 in 2019.
“The willingness of companies to participate is a recognition that investors, customers and employees have high expectations of the level of disclosure and transparency they receive on environmental factors,” the report says.
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Irish companies eager to go green and decarbonise
As with most sectors, the logistics and supply chain sector has also become more focused on sustainability in recent years, says Brian O’Kennedy, chief executive of Clearstream Solutions, an independent carbon management and corporate sustainability consultancy.
Full article available here.