Many companies are still confused on what “good” climate action looks like.
to support workers’ transition from high to low-carbon careers. Now, two thirds of the control room staff at SSE’s Beatrice Offshore Wind Farm, Scotland are former oil and gas workers. They are some of the 1,500+ SSE employees who had previously worked in high-carbon roles.With ever increasing urgency to act plus growing scrutiny of business progress towards their climate pledges, prioritizing the most impactful actions matters.
Since most emissions sit in company supply chains, working with suppliers in a company’s top value chain emissions hot spots is critical. Global biopharma company, GSK, for example, is now working with 160 of its suppliers that it has identified as most crucial to achieving its climate goals and is supporting them to cut emissions from power, heat and transport and look at deforestation-free sourcing of materials.
Sometimes however, in large, complex organizations the transformation that climate action requires, isn’t adopted across the whole business. Sustainability teams might have science-based emissions reduction targets, but their public affairs teams may still be members of trade groups lobbying for lighter climate regulations. Swedish car maker, Volvo demonstrated this byby the end of this year due to a lack of alignment on climate.
Disclosing environmental impact helps companies get ahead of regulation while responding to the growing market demand. 680+ investors with over U.S.$130 trillion in assets and 200+ large purchasers with over U.S.$5.5 trillion in procurement spend are now requesting thousands of companies to disclose their environmental data through CDP.
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