Seven ways to inform better decisions with TCFD reporting

September 28, 2020 by  
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Seven ways to inform better decisions with TCFD reporting Steven Bullock Mon, 09/28/2020 – 00:00 This article is sponsored by Trucost, part of S&P Global . The Task Force on Climate-related Financial Disclosures (TCFD) is helping to bring transparency to climate risk throughout capital markets, with the aim of making markets more efficient and economies more stable and resilient.  Many stakeholders are involved in the initiative, across corporations and financial institutions. Each can apply TCFD reporting intelligence to inform better decisions in different ways. Image of seven stakeholders; Source: Trucost, part of S&P Global. 1. Finance director: Developing a business case to increase capital expenditure on carbon-mitigation projects  A global manufacturing company wanted to undertake a carbon pricing risk assessment to understand the current and potential future financial implications of carbon regulation and related price increases on operating margins. The finance director felt the results could strengthen the business case for investment in low-carbon innovation at operational sites around the world. He used the carbon pricing risk assessment in Figure 1 to illustrate the differences the company might see in its operating margins under different climate change scenarios and highlight where investment in carbon-mitigation projects would matter most.  2. Purchasing manager: Minimizing supply chain disruption by identifying suppliers vulnerable to physical risks A global energy company wanted to undertake a physical risk assessment to understand the firm’s potential exposure to climate hazards, such as heatwaves, wildfires, droughts and sea-level rise that could lead to supply chain disruptions and increased operating costs for the business. The purchasing manager felt the results could help identify raw material suppliers that may be affected by these hazards and provide an opportunity to speak with them about steps they are taking to address these risks. As shown in Figure 2, a physical risk assessment can pinpoint vulnerable sites that could cause problems down the road.  3. Sustainability manager: Setting science-based targets for company greenhouse gas (GHG) emissions  A global beverage company wanted to quantify its carbon footprint for its own operations and global supply chain. The sustainability manager saw this as an excellent starting point to set science-based targets for a reduction in emissions, with the targets reflecting the Paris Agreement and carbon reduction plans for countries in which the company did business. As shown in Figure 3, targets could help the company understand the reduction in emissions needed to move to a low-carbon economy and enhance innovation. 4. Investor relations manager: Publishing a TCFD-aligned report  A large consumer goods company wanted to assess the firm’s climate-related risks and opportunities in accordance with the recommendations of the TCFD. Using four core elements — governance, strategy, risk management and metrics and targets — the TCFD assessment helps quantify the financial impacts of climate-related risks and opportunities. The investor relations team wanted to report these findings alongside traditional financial metrics to publicize that the company was taking steps to manage climate-related issues. To illustrate what could be done, the team pointed to the TCFD report shown in Figure 4 completed by S&P Global for its own operations.   5. Portfolio manager: Screening a portfolio for carbon earnings at risk using scenario analysis An asset management firm wanted to test its investment strategy by assessing the current ability of companies to absorb future carbon prices so its analysts could estimate potential earnings at risk. Integral to this analysis is the calculation of the Unpriced Carbon Cost (UCC), the difference between what a company pays for carbon today and what it may pay at a given future date based on its sector, operations and carbon price scenario. A portfolio manager wanted to use the findings, such as those shown in Figure 5, to report these estimates of financial risk to stakeholders and engage with portfolio constituents on their preparedness for policy changes and strategies for adaptation.  6. Chief investment officer (CIO): Using TCFD-aligned reporting as a way to engage asset managers on climate issues A large pension plan wanted to undertake a climate change alignment assessment of its global equity and bond portfolios to understand how in sync it was with the goals of the Paris Agreement, and where there could be potential future carbon risk exposure. The CIO wanted to publish the results and use the findings, such as those shown in Figure 6, to engage with the firm’s asset managers to determine how they were integrating climate risk into investment decisions. 7. Risk officer: Assessing exposure to climate-linked credit risk  A large commercial bank wanted to estimate the impact of a carbon tax on the credit risk of companies in their loan book. The Risk Officer felt this would add an important dimension to the assessment of creditworthiness. Figure 7 highlights the changes that might be seen in quantitatively derived credit scores for the materials sector under a fast-transition scenario. This shows a rapid increase in carbon tax, with companies reacting in various ways. Some invest in greener technology to meet the reduction targets in 2050 (green bars), while others do not invest and pay a high carbon tax or experience lost revenue resulting from bans on the use of certain materials (red bars). There are many more examples of how TCFD reporting is helping organizations inform better decision-making and capture new opportunities in the transition to a low-carbon economy.   Please visit spglobal.com/marketintelligence/tcfd or watch our on-demand webinar to learn more.   Topics Finance & Investing Risk & Resilience Sponsored Trucost, S&P Global Featured in featured block (1 article with image touted on the front page or elsewhere) Off Duration 0 Sponsored Article On Taking action to keep the world green; Source: Trucost, part of S&P Global.

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Seven ways to inform better decisions with TCFD reporting

Wash Your Car With Earth-Friendly Results

October 10, 2019 by  
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Many people don’t realize that washing our cars in the … The post Wash Your Car With Earth-Friendly Results appeared first on Earth911.com.

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Wash Your Car With Earth-Friendly Results

Researchers find dangerous amounts of lead in fidget spinners

May 31, 2017 by  
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Fidget spinners are having a moment – practically everywhere you go someone has one twirling on a fingertip or tucked into a pocket. But environmental activist Tamara Rubin recently tested a variety of spinners for  lead  and mercury, and the results will shock you. Rubin, an independent lead poisoning prevention advocate, first tested three fidget spinners sent to her by a friend with an XRF instrument. Two were lead-free, but one had very high levels of lead and some mercury . She then disassembled a fidget spinner with LED lights and found both lead and mercury. She found 19,000 parts per million (ppm) of lead and 1,000 ppm of mercury. Related: Oakland has an even worse lead problem than Flint, Michigan These numbers are sobering because scientists consider under 90 ppm of lead to be the safe threshold in children’s toys, according to Rubin. But the paint on the LED light spinner contained 334 ppm of lead and 155 ppm of mercury in one test. The unpainted metal base contained 1,562 ppm of mercury and 2,452 ppm of lead. Rubin later tested six more fidget spinners and found a $31 from Yomaxer that contained 42,800 ppm of lead. She noted ordinary consumers won’t have access to an XRF instrument, which can cost around $50,000. She recommends avoiding fidget spinners available for purchase and instead making your own , such as a fidget spinner out of LEGOs . In an email about her results, Rubin said she’s very concerned about the high levels of lead discovered in random testing as the toys are so popular. So far she’s tested 11 fidget spinners in total and found two with exceedingly dangerous levels of lead. You can read more about Rubin’s testing methods here . Via Tamara Rubin ( 1 , 2 ) Images via Pixabay ( 1 , 2 , 3 , 4 )

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Researchers find dangerous amounts of lead in fidget spinners

4 ways to help clean tech hit a home run

December 21, 2016 by  
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The Bill Gates-led Breakthrough Energy Ventures has promised to invest $1 billion in technology solutions for clean energy. These four strategies can make that money get the results we need for a sustainable future.

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4 ways to help clean tech hit a home run

Chinese researchers are intentionally breeding “autistic” monkeys

January 28, 2016 by  
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A group of scientists in China announced the results of a controversial experiment this week: they claim that by using genetic engineering, they’ve bred macaque monkeys with an autism-like disorder. While they intend to use the animals to test treatments and potential cures, some scientists are skeptical that the results will have anything useful to teach us about autism in people. Read the rest of Chinese researchers are intentionally breeding “autistic” monkeys

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Chinese researchers are intentionally breeding “autistic” monkeys

Rustic stone farmhouse and stable hides a beautiful contemporary home in Spain

January 28, 2016 by  
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Readers Have Spoken: Here Are The Best Green Kids Stories of 2013!

January 5, 2014 by  
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The votes have been tallied and the results are in: Inhabitots has chosen the best green kids stories of 2013 ! The last year saw many exciting developments in cutting edge sustainable design for kids and ever evolving philosophies and news developments in the green parenting realm. Every day, Inhabitots looks for the stories about what really matters to eco-friendly families: the risk of chemical exposure from low quality toys and baby accessories , the best designers of organic and fair-trade clothing for tots, and how to infuse a love of the environment into your young children from the start. So, without further adieu, here are the winners of Inhabitots’ 2013 Readers’ Choice Awards! READ MORE> Permalink | Add to del.icio.us | digg Post tags: best green kids stories , best kids design stories , green kids , green parenting , green playgrounds , Inhabitots , readers’ choice awards        

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Readers Have Spoken: Here Are The Best Green Kids Stories of 2013!

ICYMI: How Kohl’s, Legrand and others cash in on Better Buildings

May 28, 2013 by  
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In the past week, we've seen the results of the first year of the Department of Energy's Better Buildings Challenge, the latest and greatest in distributed cloud technology, the dark side of Greek yogurt and much more.

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ICYMI: How Kohl’s, Legrand and others cash in on Better Buildings

Boston becomes latest city to order building energy benchmarking

May 13, 2013 by  
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Large commercial and residential buildings must report annual energy and water use, but aren't required to act on the results.

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Boston becomes latest city to order building energy benchmarking

VERGE and the Built Environment

October 21, 2012 by  
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In this hour-long webcast, we’ll reveal the results of a new report, written by longtime green building and LEED pioneer Robert Watson and published by GreenBiz Group, examining the key trends at the intersection of buildings, energy, IT, and transportation. It is being published in the run-up to GreenBiz’s VERGE SF conference, November 12-13, which will be looking at these and other trends and technologies.

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VERGE and the Built Environment

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