Design Climate Transition Plans – An Overview
The Design Climate Transition Plans: An Overview resource from The Climate Drive’s Action Library provides businesses and organizations with a framework for creating robust, actionable plans to transition toward a sustainable, low-carbon future. This guide offers an overview of best practices and strategies to develop climate transition plans that align with global sustainability goals while addressing specific organizational needs.
Supplier Enablement
AltruistIQ
Altruistiq is a cutting-edge software platform designed to empower businesses to track, manage, and accelerate their sustainability and climate action goals. By providing data-driven insights and tools, Altruistiq enables organizations to measure their environmental and social impact, optimize resource use, and achieve meaningful progress toward net-zero targets.
Resource Type: Tool/Technology
Prioritize And Implement Decarbonization Levers
The Prioritizing and Implementing Decarbonization Levers resource from The Climate Drive’s Action Library provides organizations with a practical approach to identifying, evaluating, and executing the most impactful strategies for reducing greenhouse gas (GHG) emissions. It helps businesses focus on decarbonization measures that align with their goals, resources, and operational realities, driving meaningful progress toward net-zero targets.
Embed Decarbonization Requirements in Procurement
This resource focuses on embedding decarbonization requirements in procurement processes to support businesses' climate goals. By integrating sustainability criteria into supplier selection and contracts, companies can reduce Scope 3 emissions and improve supply chain resilience. It covers strategies for setting clear decarbonization targets, creating supplier engagement programs, and fostering long-term collaboration to achieve net-zero objectives.
Decarbonize suppliers through a collaborative approach
This resource highlights a collaborative approach to decarbonizing suppliers by engaging them in climate action. It provides a framework for companies like Philips, which work with suppliers to report their carbon footprint, build capacity, and incentivize carbon reductions. Key strategies include data-driven supplier selection, on-site assessments, and offering financial incentives for sustainability efforts. This approach helps reduce Scope 3 emissions while fostering a more resilient, sustainable supply chain.
Leverage MACCs to inform decarbonization strategy
The Climate Drive's guide, "Leverage MACCs to Inform Decarbonization Strategy," outlines a systematic approach for organizations to prioritize and implement effective decarbonization measures. It introduces Marginal Abatement Cost Curves (MACCs) as a tool to compare the cost-effectiveness and emissions reduction potential of various decarbonization levers. By analyzing both the financial and non-financial impacts of these levers, businesses can strategically select initiatives that align with their sustainability goals and operational priorities. The guide emphasizes the importance of a structured methodology to optimize emissions reduction efforts and achieve meaningful progress toward Net Zero targets.
Integrate climate into corporate financials
This resource explores the importance of integrating climate considerations into corporate financials to drive strategic decision-making and risk management. It emphasizes creating a climate business case, developing a capital allocation framework, and aligning sustainability with financial goals. Companies can enhance transparency, reduce costs, and secure funding for sustainability through clear financial planning and KPIs. By incorporating climate metrics, organizations ensure better alignment with both environmental and financial objectives, paving the way for long-term resilience and profitability.
Procure natural climate solutions carbon credits
Investing in high-quality natural climate solution (NCS) carbon credits is essential for companies aiming to lead in climate mitigation, nature conservation, and socio-economic development. NCS encompasses actions like protecting healthy ecosystems, improving land management, and restoring various ecosystems, potentially delivering around 30% of the emissions reductions needed to limit global warming to 1.5°C by 2030. Beyond climate benefits, NCS offers additional advantages such as biodiversity preservation and support for sustainable livelihoods. By procuring NCS carbon credits, businesses can effectively counterbalance unavoidable emissions, address climate-related risks, and enhance stakeholder relations by demonstrating commitment to environmental leadership.
Integrate climate into strategic planning | The Climate Drive
This resource outlines how to integrate climate considerations into strategic business planning. It emphasizes using scenarios and sensitivity analysis to assess climate-related risks and opportunities, align actions with climate goals, and build resilience. The approach covers understanding future climate scenarios, identifying impacts, assessing potential actions, and prioritizing no-regret steps to ensure long-term value creation. The guide is useful for businesses seeking to align sustainability with strategic outcomes, ensuring preparedness for both physical and transition risks in a low-carbon economy.
Design a Supplier Engagement Program
This resource focuses on designing an effective supplier engagement program for decarbonization. It provides a step-by-step guide, from securing internal buy-in to segmenting suppliers based on their emissions and climate maturity. The program emphasizes tailored engagement strategies for different supplier categories, such as strategic, high-impact, and transactional suppliers, and offers support for each group's decarbonization journey. By aligning suppliers with sustainability goals, businesses can significantly reduce Scope 3 emissions and enhance their supply chain's overall environmental impact.
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