Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Food Systems and Diets

Climate Goals & Targets

Environmental Challenges

• Overlap in initiatives can dilute resources, cause confusion and competition, impacting project outcomes and participation.
• Many initiatives do not focus on the entire value chain.
• A missing focus on the 'governance' and 'delivery & implementation' of new sustainable systems.
• Focus on climate change overshadows other environmental issues like biodiversity loss.
• Lack of funding for agricultural diversity.
• Gaps in initiatives to assess zoonotic disease risk, cold storage, and food production's impact on human health.

Mitigation Strategies

• Increased alignment and engagement between initiatives requires embedding a “food systems” perspective.
• Organizations should focus on where their competencies can be most effective.
• Decisions on how and where to engage should be made on the basis of an understanding of the key intervention points and the opportunities for maximising impact.
• Further research is needed to map national and regional food system challenges and initiatives, scrutinize governance and monitoring, and assess efforts based on impact and innovation.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Climate Change

Climate Goals & Targets

Environmental Challenges

• Greenwashing accusations
• Implementation feasibility doubts regarding net-zero commitments
• Lack of widespread climate-related expertise among corporate leaders
• Policy and regulation not evolving fast enough
• Geopolitical uncertainties impacting energy transition
• Scaling up decarbonization technologies
• Scope 3 emissions reduction challenges

Mitigation Strategies

• Blueprint for climate action (Reflect, Implement, Redesign, Redeploy, Digitize, Transform)
• Developing comprehensive decarbonization strategies aligned with business objectives
• Prioritizing emissions reduction opportunities based on abatement effectiveness and feasibility
• Redesigning products and services for circular economy principles
• Revising capital project approaches and adjusting corporate structures
• Leveraging digital technologies for optimization and improved assessments
• Incorporating decarbonization into corporate governance and culture
• Addressing climate-related knowledge and skills gaps among employees

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Droughts
• Extreme Heat
• Water Stress

Transition Risks

• ESG ratings downgrades
• Customer losses
• Supply chain disruptions
• Policy and regulatory changes
• Market shifts

Opportunities

• Renewable energy investments
• Energy efficiency improvements
• Development of low-carbon products and services
• Access to clean energy funding

Reporting Standards

Frameworks Used: TCFD

Environmental Metrics

ESG Focus Areas

• Climate Change

Climate Goals & Targets

Environmental Challenges

• Difficulty in calculating scope 3 emissions for software companies due to the complexity of their value chains and data availability.
• Variation in scope 3 emissions reporting practices across software companies.

Mitigation Strategies

• Development of a step-by-step guide for GHG emissions accounting in the software sector to standardize practices.
• Providing recommendations and resources to help software companies identify, report, and reduce their scope 3 GHG emissions.
• Offering various methodologies and data sources to estimate scope 3 emissions, balancing accuracy with resource constraints.

Supply Chain Management

Responsible Procurement

• Incorporating GHG emissions criteria into supplier selection and contracts.
• Encouraging suppliers to adopt science-based targets and provide sustainability disclosures.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GHG Protocol Corporate Value Chain (Scope 3) Standard, Science Based Targets Initiative (SBTi)