ERM

The main takeaway from Climate Week NYC for Jules Peck, ERM’s Consulting Partner for Corporate Sustainability and Climate Change, was that companies must urgently rethink their climate policy engagement strategies.  Many companies acknowledge that both regulators and investors increasingly look for alignment of corporate policy engagement with their climate goals. However, many companies still send mixed messages. Recent research by InfluenceMap assessed 300 global companies. While 93 % made net zero claims, 58% were unsupportive or lobbied against climate policies to achieve it. With current global climate policies steering us toward a 2.7-degree Celsius increase —far from the 1.5-degree Paris target —it’s crucial for companies to adopt smarter, more strategic approaches in their interactions with policymakers. Companies need to learn how to build effective coalitions and foster the creation of innovative public-private climate policies. Additional climate policies are unavoidable. However, by being positively involved, companies can ensure these policies better align with corporate realities and help them decarbonize while maintaining their competitive edge.  So, it’s time for companies to step up and revamp their climate policy engagements. Get more insights from the ERM team straight from Climate Week NYC: https://lnkd.in/e3eUM_e2 #ClimateWeekNYC #Policies #CorporateSustainability

Sometimes, the main obstacle to implementing sustainable practices in business operations is simply a lack of knowledge about where to begin. That’s exactly why Booking.com decided to partner with UN Tourism with the goal of helping accommodation providers overcome this challenge. As a result, Booking.com collaborated with ERM to create a series of Massive Open Online Courses (MOOCs) to educate hospitality industry professionals on key sustainability topics, such as local community engagement, energy management and greenhouse gases, food management, and water management. These joint efforts to make the travel industry more sustainable were recently awarded at The Corporate Engagement Awards 2024 in the category of Best Sustainability Program. Learn more about the steps Booking.com took and how ERM helped to achieve their goal in our most recent case study: https://lnkd.in/dyA-3czf #TravelIndustry #Sustainability #SustainableTravel

We are excited to announce the launch of the Chemical Transformation Roadmap, co-created by WBCSD – World Business Council for Sustainable Development, ERM, and leading chemical companies. This roadmap outlines 33 actionable steps to transform how chemicals are produced, used, and recycled, accelerating the shift towards #NetZero, #NaturePositive solutions, and ensuring a #JustTransition for workers and communities. Our shared vision is built around 6 pathways: 3 key imperatives - Net-zero chemicals 🌱 - Nature-positive chemicals 🦋 - A just transition for workers & communities 👩🔧 And 3 enablers - Empowering a circular economy ♻️ - Activating sustainable chemistry ⚗️ - Combatting pollution🌍 ...to shift and drive solutions that benefit people and the planet. Join us in shaping the future of sustainable chemistry. Together, we can empower the #CircularEconomy and drive solutions that benefit people and the planet. 👉 Learn more and download the full roadmap here: https://lnkd.in/e7-8wHKq #Sustainability #ChemicalTransformation Cristina Pellegrino

One thing most Climate Week NYC attendees agreed upon is that the world needs to shift from debating climate and sustainability goals to decisive operational action in all parts of society and the economy. From governments to companies, investors, and civil society representatives, it’s time for all of us to step up. We went to New York with five key themes at the forefront of our minds as critical areas of opportunity. 1. Deepening decarbonization 2. Accelerating renewables 3. Enhancing transitional finance 4. Integrating nature and water 5. Scaling social impact and respecting human rights. Here’s what we heard, saw, contributed, and learned at this year’s gathering: https://lnkd.in/g8JhkjkT #ClimateWeekNYC #ClimateChange #Sustainability Tom Reichert, Sabine Hoefnagel, Linden Edgell

As a provider of essential materials to 95% of all manufactured goods worldwide, the chemical industry is increasingly aware of its significant impact and dependencies on nature. This also comes with a growing need to collect and interpret nature data and turn it into actionable decisions that create tangible opportunities and improve companies’ relationship with nature. To advance nature strategies, the chemical industry needs to address data gaps within its operations and value chain. Key areas to monitor and reduce impacts include land use, climate change, water ecosystems, and ecotoxicity. For aquatic impacts, focus on wetland conversion and land use in catchments. Explore the topic further here: https://lnkd.in/dEsRqr63 #ChemicalIndustry #Nature #WorldAgriTech Rohan Raja Durai, Charles Henderson, Matt Haddon, Caitlin Brown, Cristina Pellegrino, Erika Washburn

We are thrilled to announce the official launch of the new Center for Decarbonization Demand Acceleration (CDDA) at Climate Week NYC and our role as Founding Member.   No single company can move critical, new, clean technologies to commercialization alone.   That’s why we started with WBCSD – World Business Council for Sustainable Development, the CDDA, a two-year, member-based demand accelerator made possible through our collaboration with the Center for Green Market Activation (GMA) and The Sustainable Procurement Pledge.   The platform empowers companies to move from a demand ‘signal’ to demand ‘action’ for zero and low-carbon materials across both light and heavy industries.   The CDDA draws on WBCSD’s strengths as a global community of leading businesses working together to accelerate radical value chain transformation.   Learn more here: https://lnkd.in/daDy2_ae   #ClimateWeekWBCSD #BusinessAction #Decarbonization Sabine Hoefnagel

You can’t negotiate with science.   The world just experienced the warmest 12 months in 125,000 years, and the economic damage caused by weather-related disasters is soaring.   Climate Week NYC has been a helpful reality check highlighting the need to step up and convert sustainability goals into on-the-ground implementation.   Tom Reichert, ERM’s CEO, and Sabine Hoefnagel, ERM’s Global Leader of Sustainability and Risk, explain that companies need to develop two things: a clear and crisp transition plan and, equally important, a compelling narrative for all their stakeholders, illustrating how the company will deliver value and become more resilient through decarbonizing the business.    The weeks and months after Climate Week NYC will be crucial for continuing the discussions and taking the next steps—it’s time for us to make progress together.   #ClimateWeekNYC #ClimateChange #Sustainability

Scientists warn almost daily that climate change is accelerating. We can see and feel its impact all around us, so the arrival of Climate Week NYC is a good reminder that companies must step up and convert sustainability goals into action. Renewables are critical to meeting our climate goals, and the deadlines for those goals are coming up fast. By 2030, in less than six years, we need renewable energy to go from about 30% of global electricity generation to 60%. Todd Hall, ERM’s Global Lead for Renewables, shared his thoughts on the topic during Climate Week NYC. "Even though renewable energy is growing very fast - each year breaking the growth record set the prior year - the question remains; how can we go even faster?” #Renewables #RenewableEnergy #ClimateWeekNYC

Today at #ClimateWeekNYC, ERM and the Private Equity Taskforce of the Sustainable Markets Initiative (PESMIT) launched practical guidance for private market participants on valuing carbon in the context of pre-investment.   The guidance was developed based on insights from the climate change working group, a subgroup of PESMIT. It provides practical considerations to support investment decisions based on quantifiable metrics. While it has been designed for the pre-investment process, its components can also be applied post-acquisition to quantify financial value. The guidance considers five core components to valuing carbon in the pre-investment process: 1.   Regulated carbon costs 2.   Internal carbon costs 3.   Indirect carbon costs 4.   Decarbonization value creation 5.   Carbon adjusted multiple. Explore the guidance and the five core components in more detail here: https://lnkd.in/dt_zVfNm #Carbon #ESG #ValueCreation James Bone, Tomi Greene, Andrew Radcliff, Kevin Bruggeman, Clarissa Drysdale-Anderson

The rallying cry of this year’s Climate Week NYC captures it well: It’s time. For companies, this means it’s time to step up and switch from setting sustainability goals to implementing them. It won’t be easy, but it’s the best way to address climate challenges and seize the vast commercial opportunities the transition to the low-carbon economy will bring. Susan Angyal, ERM’s Regional CEO in North America, hopes that Climate Week NYC will trigger a broad shift from cautious to bold thinking, as we all need to work harder to secure our collective prosperity and well-being. Meet Susan and other ERM team members in New York: https://lnkd.in/e3eUM_e2 #ClimateWeekNYC #Sustainability