NationSwell
Climate Impact & Sustainability Data (2020, 2024)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Climate Justice
Social Achievements
- Connected Starbucks with leadership of EcoRise, City of LA and Drawdown Project to explore collaborations
- Starbucks connected with several BIBB participants including Action Button to find ways to collaborate further.
- Several funders are working with Kristy Drutman to provide connections and resources to support her work
- Starbucks has appointed a leader internally to spearhead their climate justice efforts, and is seeking to re-engage experts from across the Climate Justice track to help them define goals and roadmap for action
Climate Goals & Targets
Environmental Challenges
- Climate change disproportionately impacts underserved communities due to existing social inequalities.
- The climate movement has largely excluded diverse voices.
- Government policy often overlooks equity issues in climate action.
- Corporations often silo "sustainability" from "social justice".
Mitigation Strategies
- Facilitating cross-sector collaborations to address climate justice.
- Highlighting solutions originating from affected communities.
- Promoting a holistic approach to emissions strategies, encompassing both emission reduction and carbon sequestration.
- Educating the next generation on sustainable investing.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Rising seas
- Heat deserts
- Increased hurricanes
- Wildfires
Opportunities
- Development of renewable energy solutions
- Green infrastructure projects
- Regenerative agriculture
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Climate Change
- Sustainability
Climate Goals & Targets
Long-term Goals:
- Achieve Net Zero emissions by 2040 (Colgate-Palmolive)
- Achieve Net Zero carbon emissions by 2050 (Colgate-Palmolive)
- Net Zero by 2050 including Scopes 1, 2, and some Scope 3 emissions (Coupa)
- Net Zero by 2050 including Scopes 1, 2, and some Scope 3 emissions (Duke Energy)
- Achieve net zero emissions by 2050 (Nestlé)
- Achieve Net Zero greenhouse gas emissions across the value chain by FY2050 (Steelcase)
Medium-term Goals:
- Achieve Net Zero emissions by 2040 (Atlassian)
- Achieve Net Zero carbon emissions by 2050 (Goldman Sachs)
- Achieve Net Zero by 2040 (JLL)
- Achieve net zero emissions by 2050 (Nestlé)
- Achieve 50% reduction in carbon emissions from electric generation by 2030 and 80% by 2040 from 2005 levels; Net Zero by 2050 including Scopes 1, 2, and some Scope 3 emissions (Coupa)
- Achieve 50% reduction in carbon emissions by 2030 and 80% by 2040 from 2005 levels; Net Zero by 2050 including Scopes 1, 2, and some Scope 3 emissions (Duke Energy)
- Reduce GHG from energy consumption at its sites and stores by 50% by 2026 and reduce or avoid Scope 3 GHG emissions by 55% per unit of added value by 2030 (Fresh)
- Become carbon neutral by 2030 (Genesys)
- 50% absolute reduction in scope 1, 2, and 3 GHG emissions by 2030 (Starbucks)
- Achieve Net-Zero greenhouse gas emissions across the value chain by FY2050 (Steelcase)
Short-term Goals:
- Reduce absolute Scope 1, 2, and 3 emissions by 51% by 2030 (JLL)
- Reduce absolute GHG emissions 50% by 2030 (Nestlé)
- Reduce absolute GHG emissions 46% by 2030 (Yum! Brands)
- Reduce carbon emissions in operations by 50% by 2030 (Steelcase)
- Reduce absolute scope 3 GHG emissions from fuel- and energy-related activities, waste generated in operations, and business travel 28% by 2030 (Steelcase)
Environmental Challenges
- High initial costs for emission reduction
- Technology limitations in emission reduction
- Operational disruption from emission reduction initiatives
- Regulatory and policy uncertainty
- Measuring and reporting accuracy challenges
- Cost considerations for renewable energy transition
- Availability of renewable energy
- Regulatory and policy frameworks for renewable energy
- Energy market complexity
- Contractual and supply chain constraints
- Measuring and reporting accuracy for Scope 2 emissions
- Stakeholder engagement for renewable energy
- Technological limitations in renewable energy
- Complexity of supply chains for Scope 3 emissions
- Data availability and quality for Scope 3 emissions
- Lack of control and influence over Scope 3 emissions
- Cost and resource intensity of Scope 3 emissions
- Methodological challenges for Scope 3 emissions
- Regulatory and market pressures for Scope 3 emissions
- Scaling solutions for Scope 3 emissions
Mitigation Strategies
- Leveraging financial tools and incentives
- Adopting advanced technologies
- Optimizing operations
- Engaging employees
- Planning for flexibility
- Improving energy efficiency
- Procuring renewable energy
- Building green
- Engaging stakeholders
- Making technology upgrades
- Engaging suppliers and building capacity in the value chain
- Enhancing data collection and management
- Updating procurement policies
- Improving product design and innovation
- Engaging consumers
- Collaborating widely
- Investing differently
- Reporting and communicating transparently
Supply Chain Management
Responsible Procurement
- Sustainable sourcing
- Supplier environmental assessments
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, CDP, ISSB