Climate Change Data

IR Global

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050 (EU Green Deal)

Environmental Challenges

  • Greenwashing practices
  • Complexity and gaps in sustainability reporting
  • Trade-offs between short-term profitability and long-term ESG objectives
  • Geopolitical conflicts, high inflation, and supply chain constraints
  • Lack of knowledge and understanding of ESG in large companies
  • Inadequate supply chain transparency
  • Enforcement of the Uyghur Forced Labor Prevention Act (UFLPA)
Mitigation Strategies
  • Increased voluntary ESG disclosure
  • Development of Canadian Sustainability Disclosure Standards
  • Collaboration and information sharing throughout the supply chain
  • Thorough assessment of suppliers across all tiers
  • Risk assessment to identify high-risk commodities
  • Strengthening of the UFLPA through additions to the Entity List
  • Advocacy for the use of foreign-trade zones (FTZs) to store detained goods
  • Enhanced enforcement efforts by the Department of Homeland Security
  • Incorporating ESG factors into decision-making processes, contracts, and risk assessments
  • Implementing sustainable governance structures
  • Providing training programs on ESG best practices and legal obligations
  • Implementing whistleblower systems
  • Utilizing ESG scorecards to measure and communicate performance
  • Advocating for R&D tax credits supporting sustainable quality improvements
  • Advising on renewable credits and Section 179D for energy-efficient buildings
  • Developing tailored strategies to enhance resilience
  • Staying informed about emerging legislation and regulations

Supply Chain Management

Responsible Procurement
  • Code of conduct
  • Supplier sustainability requirements

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Flooding
  • Heatwaves
  • Wildfires
  • Storms
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products
  • Renewable energy diversification

Reporting Standards

Frameworks Used: CSRD, ESRS, IFRS