Net-Zero, Net-Positive, Net impact, Net……. The Science Based Targets initiative (SBTi) recently faced internal controversy after announcing plans to include environmental attribute certificates (EACs) like emissions reduction credits in their updated corporate net-zero standards. Concerned staff publicly opposed the move, with some even calling for the CEO and board to resign. Subsequently, the SBTi CEO… Continue reading The “NET” obstacle
Category: Climate Change
CSO’s – Don’t be beguiled by compliance
I do not think there is any disagreement that sustainability as a corporate term has gained immense traction over the past few years. For me, the indicator has been the World Economic Forum at Davos. Over the past few years, sustainability has taken center stage at this global gathering. One positive is that I see… Continue reading CSO’s – Don’t be beguiled by compliance
There is a problem in approaching sustainability as an opportunity
Sustainability is about being on the right side of history rather than being approached as an opportunity. To get eyeballs to sustainability, sometime back, sustainability as opportunity line of communication started. Over the years, it has gained wide popularity as a financial and economic intervention rather than a responsibility purview. Take the term ‘sustainability management’;… Continue reading There is a problem in approaching sustainability as an opportunity
COP28 Declaration and Painkillers
On the second day at Davos, I had a splitting headache while attending the World Economic Forum meetings. My colleague (friend) offered me Ibuprofen tablets. Within 20 minutes, I was relieved and speaking in a panel and discussing the COP 28 declaration and the road map to a sustainable future. After the panel discussion, out… Continue reading COP28 Declaration and Painkillers
Sustainable Future @ the Speed of Trust
As the world leaders converge to Davos for the World Economic Forum annual event, the underlying theme that will cut across the discussions will be “Rebuilding Trust.” This builds from the most ubiquitous buzzword from last year’s WEF gathering – “poly-crisis”. The term polycrisis is defined as a cluster of related risks with compounding impacts… Continue reading Sustainable Future @ the Speed of Trust
Five pointers to avoid Greenwashing
The commitments made by companies around sustainability are not campaign promises politicians make, there is a much higher degree of accountability. Having said that, there is huge amount of discussion on greenwashing in recent times. Greenwashing – the actions of an organization deviating from what it is stating on environmental consciousness. Greenwashing can be easily… Continue reading Five pointers to avoid Greenwashing
Private Multilateralism
It was in 1911, The Devil’s Dictionary was published. The idea of a corporation or a company that is encapsulated in that dictionary has been around for over a century. But if Bierce was around and had to define the company again, there would likely be a shift. Indeed, the profits do remain, but there… Continue reading Private Multilateralism
Cow Burps, Chickens and Climate Change
Just a month or so back, a friend asked me in jest if he could get carbon credits by not drinking beer. His argument was that he was saving on the CO2 that would have otherwise escaped as burps by not drinking beer! If the reduction of cow burp (god bless them!) could earn credits,… Continue reading Cow Burps, Chickens and Climate Change
Carbon Offset – Important Ingredient to a Net-Zero strategy
No company can reach a Net-Zero commitment without Carbon Offset. Zero is the hero when it comes to carbon offset. Every business will have to pay for the right to release GHG emissions in the coming future. If, as an organization, you are not working on your offset strategy, you will enter the game with a handicap, and there are no special privileges that you will get for the same.
This article is a guidance on how to evolve the organisations carbon offset strategy.