SEB’s Post

As we embark on a joined-up journey to net-zero, branches across the Crown portfolio are empowered to work on initiatives that enhance, protect and reduce their impact on the environment. To learn more about our sustainability journey and achievements across our global locations in the past year, read our Sustainability Report for 2023 👉 https://lnkd.in/eevi4DC6

Transparency and accountability are the cornerstones of driving #sustainability in the business world, and #WorldEnvironmentDay serves as a reminder of our responsibility to ensure a better and greener future. As the climate crisis intensifies, the need to aim higher and communicate effectively increases—that's precisely why I value our latest sustainability report. Check out our progress for 2023 👇🏼 #FeelsLikeHome

Our Journey to Net Zero: Two Years On - Sustainability can and should be a priority for everyone. But often it’s hard to know where to start. By blending technology with years of experience on the front lines, Rio is helping its customers globally to become more accountable and conscious about their operations. We empower organisations and individuals to make better and more sustainable business decisions, for the long term, and for the benefit of all.https://https://lnkd.in/eTyEi5Aq

Our Journey to Net Zero: Two Years On - Sustainability can and should be a priority for everyone. But often it’s hard to know where to start. By blending technology with years of experience on the front lines, Rio is helping its customers globally to become more accountable and conscious about their operations. We empower organisations and individuals to make better and more sustainable business decisions, for the long term, and for the benefit of all.https://https://lnkd.in/eTyEi5Aq

Net Zero or Zero Sum Take a look at this video. Am also sharing the transcript with more in comments. I have removed the description of AVID...too much for a post. Yesterday, MIT was part of a Panel Discussion titled "The Challenge of Carbon Credits" at the ChangeNOW event in Paris. I was not at the event but a friend sent me the speaker line-up. And that's how I landed on the MIT Pathways Project Page on the website of MIT Sloan School of Management website. ------------------ Video Transcript More and more companies are making net zero pledges in an effort to combat climate change.   But what are they pledging to do exactly?   What is net zero?   Many companies are successfully cutting their own carbon emissions, but many others believe it's too expensive to get all the way down to zero.   This is especially true for industries like aviation and cement and steel manufacturing, though innovations are making this easier.   That's where the purchase of carbon offsets comes in.   Companies finance projects claiming to cut emissions elsewhere to cancel out or offset some of their own.   Offset the equivalent of what you haven't yet cut, and voila, your emissions hit net zero.   The global carbon offset market is booming, and it's not hard to see why.   Carbon offset companies are offering to plant trees that will cancel out air travel emissions, a portion of sales into research and development for new carbon removal technologies, and many other things, sometimes at a surprisingly low cost, that claim to cut the same amount of emissions another activity creates.   But do they? Unfortunately, many offset programs sound great, but don't actually cut your emissions.   Professor John Sterman at the MIT Sloan Sustainability Initiative says there is a better way.   He devised guidelines to determine whether a proposed carbon offset really works, called the AVID+ test.   That's additional, verifiable, immediate, durable, plus helping meet other societal goals.   Let's break it down.   If several proposed offsets do, then we should pick those that multisolve. Offsets meeting all AVID criteria should advance other worthy goals in addition to their climate benefits such as job creation, poverty reduction, or improved health.   Tree planting is commonly done by establishing monocultures of fast growing species, instead of mimicking the natural forest that spur recreation, hunting, fishing, and tourism, or support traditional ways of life for Indigenous people legitimate carbon offsets must ace the AVID+ test.   Miss the mark on one and your claimed offset doesn't help limit climate change. So do AVID+ offsets exist? Yes. #carbonwire 

The 2024 MIT Sustainability Summit will focus on how organizations can drive systems change. More information to come as we develop the story arc. To quote a joint report from RMI and Deloitte, "An emergence strategy approach can enable companies to both accelerate the urgent systems changes needed to address the climate crisis and position themselves to create and capture new value." Joins us in Cambridge, MA, USA on April 26, 2024.

Exciting news in Sustainability Reporting this week! The first set of ESRSs is now out! Our high-level guide can help you understand the impacts & effective dates applicable to your organization. https://lnkd.in/gD5HZM7Q

Our 5th Sustainability Report has been released! Here is what Carl Schou, our CEO and President, has to say. To learn more about our progress, please read our report here >> https://bit.ly/4ecimZ3

I am attending The Economist’s 3rd annual Sustainability Week: Countdown to COP28 this October. Join the conversation to discover practical insights and solutions about how to move faster so you can make better decisions for your business and the planet. #EconSustainability https://lnkd.in/gZEQi86Y

Join me at Economist Impact's 4th annual Sustainability Week in New York to discuss a wide set of sustainability-related issues and how various organisations globally are tackling them.