Olivier Blum’s Post

I came across this insightful post by Olivier Blum EVP of Energy Management Schneider Electric, which discusses the challenges companies face while committing to climate actions.  The latest Fortune 500 report reveals that commitment issues are hindering progress. However, the rewards of the sustainability journey are more impactful than many realize.  Companies with Chief Sustainability Officers are making strides 7 years faster in meeting climate goals, resulting in nearly $1 billion more in profits from yearly emissions reductions. Surprisingly, only 23% fully report Scope 3 emissions, indicating substantial room for improvement. Join me in delving into the full report to learn more 👇  #ClimateAction #Sustainability #ESG #CSR #Fortune500 📈🌿

Businesses extend climate targets amid sustainability challenges. A new study reveals a slowdown in sustainability progress, with businesses extending climate commitment deadlines in the face of short-term pressures. #business #climategoals #energybills #energycosts #carbondioxide #carbonemissions #carbonfootprint #climatechange #decarbonisation #energybills #energyconsumption

📰 Companies that reduced reported emissions year over year earned on average nearly $1 billion more in profit per company than their Fortune Global 500 peers. Although it's been proven that reducing emissions pays off both environmentally and financially, world's largest companies have still a lot to do. This report from Climate Impact Partners explores why climate pledges alone are not delivering enough real, immediate change. 💡 So, what are the markers of real climate action? 1. Climate commitment 2. Reporting emissions 3. Setting 2030 targets 4. Having a Chief Sustainability Officer (CSO) 🎯 At OTC FLOW we can help you achieve your 2030 targets. Reach out to our team to know more! Read the full report here 👇 https://lnkd.in/eznceywu

"Why are we still stuck in a framework that celebrates harm reduction when companies could be leading a revolution? Imagine businesses using their spheres of Influence—their products, purchasing power, and political clout—to shift entire industries, drive policy change, and create solutions that benefit society as a whole." ⬇️ Well said. Excellent post and very interesting article. It's the kind of article you'd like to print out and underline every second sentence.

Before this incredible course on Climate Change and Sustainability: Leveraging Carbon Market Initiatives for Business, my understanding of carbon was mainly rooted in technology solutions. Now, I see it's much bigger! Achieving carbon neutrality and net zero for a healthier planet demands not just technological innovation, but a powerful blend of policy, people, and politics. These were the missing pieces that clicked during the program. We dove into the world of carbon credits, not just their role in offsetting emissions, but also the methodologies behind them. I also learnt that Policy and governance are indeed the game-changers. From the Paris Agreement to COP28, we saw how these "invisible hands" can accelerate carbon projects, reminding us that technology needs a clear path to deliver real results. Think of technology being the car, people being the drivers, and policy being the road. However, to truly pave the way, collaboration is key! Let's join hands and make it happen together. A heartfelt thank you to Professor Lawrence Loh for crafting this insightful program, and to the speakers who shared their real-life stories and expertise. Your contributions have made a lasting impact on our learning journey! And speaking of impact, the program itself went beyond theory! We collectively put our learnings into action by retiring 1 tonne of carbon credits, supporting deforestation reduction efforts in Peru. This tangible experience solidified the impact our collective actions can have. #Sustainability #CarbonNeutrality #ClimateAction

2040 is the year in which we strive for net-zero across our value chain – one of the most ambitious targets in the industry. 🌍 Concretely, this entails a 90% reduction in absolute scope 1 and 2 emissions and a 97% reduction in scope 3 emissions per million EUR economic value added, using 2019 as a baseline. We are particularly pleased that our long-term emission reduction target has been validated by the Science Based Targets initiative (“SBTi”), confirming that our climate targets are in line with the goals of the Paris Agreement. To realize our ambitious climate agenda, we are committed to integrating sustainability into all our practices and projects. Minimizing our own environmental footprint is a top priority, but the biggest impact we create through our clients. We support them in reducing emissions, enhancing climate resilience, and optimizing resource use to boost overall performance and competitiveness. Our aim is to generate a significant portion of our total company revenues in the sustainability, climate action, and ESG space, with revenues expected to double year-on-year. Browse our latest publications for more insights into the vast businesses opportunities of a net-zero economy: https://lnkd.in/eFzZSfzd #RolandBerger #NetZero

As the world faces the hottest year ever recorded, the decisions achieved at COP28 hold significant ramifications for business leaders, who are expected to actively engage in discussions, scale up ambition, and spearhead solutions alongside other critical stakeholders. In this 5th edition of Insights+, members of BSR’s Climate Change team: ✅ Highlight key themes taking center stage at COP28, including fossil fuel phase-out and the just transition; accountability for non-state actor commitments, including business commitments; the role of nature in achieving climate goals; and climate justice. ✅ Offer perspective on what outcomes business can expect to see in the context of the global stocktake, the IPCC report, and new alliances and agreements; ✅ Explore a series of actions that CSOs and sustainability leads can take—from making announcements in dollars and tons, to adopting a 5-step process for developing a robust just transition plan, to reporting on nature-related impacts. Insights+ provides insights and foresight that empower sustainability leaders to be strategic C-Suite advisors by identifying and analyzing emerging and cross-cutting sustainability issues, as well as supporting their efforts to achieve tangible progress toward a more just and sustainable world. For now, Insights+ is available to BSR members and non-members. Learn more about the benefits of BSR membership at: https://lnkd.in/gUFQzzTe. #sustainablebusiness #COP28 #justtransition #climatejustice Giulio Berruti, Deborah Rigling Gallagher, David Wei, Eileen Gallagher https://lnkd.in/gWWZrvK4

🛑 Understand What You Measure: Red Flags in Transition Plans! 🛑 The latest Oxford report on 'Net Zero Plans' unveils critical aspects of identifying greenwashing risks in corporate climate transition plans. The research follows the urgent call of António Guterres, UN Secretary General,: “We need every business to walk the talk on their net zero promises. We cannot afford slow movers, fake movers or any form of greenwashing.” Here are the key red flags to watch out for: 1️⃣ Vague Targets: Beware of plans with unspecific or ambiguous emission reduction goals. Clear, measurable targets are vital for credibility. 2️⃣ Lack of Accountability: Assess if plans outline responsible parties and transparent accountability mechanisms. 3️⃣ Generic Strategies: Plans should be clear, targeted, and time-bound. If strategies lack specificity, it may signal a lack of genuine commitment. 4️⃣ Non-Science Based Approaches: Look for alignment with science-based targets. Plans without a foundation in climate science may lack effectiveness. 5️⃣ Inconsistent Reporting: Ensure consistency in reporting metrics and methodologies. Inconsistencies may indicate an attempt to obscure true performance. Why does it matter for every business? Reporting on climate standards - companies need to disclose their transition plans, and review the ones of their suppliers. Understanding the information provided is key. Only if we do, we can make sense out of it, manage improvements and request increased performance over time - along value chains. With THE CLIMATE CHOICE we empower companies with our AI-driven software to gather and understand the information provided in such reports at scale. Often showing blind spots and climate risks in the supply chain. Does your company already use a transition plan to drive transparency?

With new climate reporting mandates recently introduced in Australia, the pressure to address sustainability concerns is intensifying. This report highlights four hidden opportunities and actionable steps that can help turn sustainability into a competitive advantage https://lnkd.in/gpq7xchf

The 2023 EY Sustainable Value Study shows slowing company progress on sustainability initiatives as early phases focused on “low-hanging fruit” come to an end. Sustainability executives remain just as optimistic as they were in 2022: two-thirds still feel their organizations are doing enough to make a meaningful impact on climate change. #sustainablefinance