Business Practices Archives - Center for Climate and Energy Solutions https://www.c2es.org/category/climate-solutions/business-leadership/business-practices/ Our mission is to secure a safe and stable climate by accelerating the global transition to net-zero greenhouse gas emissions and a thriving, just, and resilient economy. Mon, 28 Mar 2022 22:26:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://www.c2es.org/wp-content/uploads/2017/10/cropped-C2ESfavicon-32x32.png Business Practices Archives - Center for Climate and Energy Solutions https://www.c2es.org/category/climate-solutions/business-leadership/business-practices/ 32 32 Climate-Related Financial Risk https://www.c2es.org/content/climate-related-financial-disclosures/ Thu, 10 Mar 2022 18:30:37 +0000 https://refresh-stg-c2es.pantheonsite.io/?post_type=article&p=3805 The post Climate-Related Financial Risk appeared first on Center for Climate and Energy Solutions.

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Foresight is 20/20: Reporting Climate-Related Risks and Opportunities https://www.c2es.org/content/foresight-is-20-20-reporting-climate-related-risks-and-opportunities/ Tue, 08 Mar 2022 15:54:32 +0000 https://www.c2es.org/?post_type=article&p=14632 The post Foresight is 20/20: Reporting Climate-Related Risks and Opportunities appeared first on Center for Climate and Energy Solutions.

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Recommendations for Improving Disclosure of Climate-Related Opportunities https://www.c2es.org/document/recommendations-for-improving-disclosure-of-climate-related-opportunities/ Tue, 08 Mar 2022 15:45:54 +0000 https://www.c2es.org/?post_type=document&p=14662 These recommendations synthesize the TCFD’s 2021 guidance on disclosing climate-related opportunities for select industrial sectors; compares the most recent disclosure guidance to companies’ actual disclosure from 2021 CDP reports; and provides recommendations in alignment with, and in addition to, the TCFD for further enhancing disclosure of climate-related opportunities, especially for these sectors.

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These recommendations synthesize the TCFD’s 2021 guidance on disclosing climate-related opportunities for select industrial sectors; compares the most recent disclosure guidance to companies’ actual disclosure from 2021 CDP reports; and provides recommendations in alignment with, and in addition to, the TCFD for further enhancing disclosure of climate-related opportunities, especially for these sectors.

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Physical Risk Toolkit https://www.c2es.org/2022/03/physical-risk-toolkit/ https://www.c2es.org/2022/03/physical-risk-toolkit/#respond Tue, 08 Mar 2022 15:45:37 +0000 https://www.c2es.org/?p=14621 Purpose This toolkit is intended to assist companies in understanding what types of data and information providers are available in undertaking physical climate risk assessment. This toolkit is primarily focused on U.S.-based information and features publicly available resources drawn from federal and academic sources. Several tools from private organizations that are well-used by both private […]

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Purpose

This toolkit is intended to assist companies in understanding what types of data and information providers are available in undertaking physical climate risk assessment. This toolkit is primarily focused on U.S.-based information and features publicly available resources drawn from federal and academic sources. Several tools from private organizations that are well-used by both private and public stakeholders are also included. C2ES does not necessarily endorse the proprietary, private resources that incorporate publicly available government-provided data listed under the “Organizations and Providers” tab. This tool serves to generally identify further analysis resources for companies.

Methodology

This toolkit was assembled from web-searches of publicly available resources in 2022 and with feedback from companies during our 2021 project examining how they measure and assess their climate-related risks.

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Emerging Practices in TCFD-aligned Climate Risk and Opportunity Analysis and Disclosure https://www.c2es.org/document/emerging-practices-in-tcfd-aligned-climate-risk-and-opportunity-analysis-and-disclosure/ Tue, 08 Mar 2022 15:43:35 +0000 https://www.c2es.org/?post_type=document&p=14657 We interviewed 19 companies, conducted literature reviews, and collaborative workshops. We analyzed practices under four focal areas: how are companies measuring, assessing, managing, and disclosing climate-related risks and opportunities? This report presents the in-depth results of that study. We present, aligned with the four focal areas: current practices companies are using to conduct climate-related financial […]

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We interviewed 19 companies, conducted literature reviews, and collaborative workshops. We analyzed practices under four focal areas: how are companies measuring, assessing, managing, and disclosing climate-related risks and opportunities? This report presents the in-depth results of that study. We present, aligned with the four focal areas:

  • current practices companies are using to conduct climate-related financial analysis
  • honest insights related to the challenges companies are facing, and how they are working to overcome the challenges
  • views on future developments regarding climate risk and opportunity analysis, and keys to success
  • case studies from specific Business Environmental Leadership Council (BELC) members.

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Foresight is 20/20: Understanding Physical risk in a Climate-Impacted Future https://www.c2es.org/event/foresight-is-20-20-understanding-physical-risk-in-a-climate-impacted-future/ Thu, 17 Feb 2022 20:32:52 +0000 https://www.c2es.org/?post_type=event&p=14529 As more companies are beginning to disclose their climate-related risks in response to interest from investors and regulators, improved guidance and best practices are needed to help companies measure and assess physical risks from the impacts of climate change under different warming scenarios. A 2020 C2ES report found that TCFD guidance for evaluating physical risk […]

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As more companies are beginning to disclose their climate-related risks in response to interest from investors and regulators, improved guidance and best practices are needed to help companies measure and assess physical risks from the impacts of climate change under different warming scenarios. A 2020 C2ES report found that TCFD guidance for evaluating physical risk is less robust than for transition risk and that new tools and continued information sharing are vital to enable investor decision-making that accounts for climate risk.

This webinar examines how different companies and organizations are assessing their forward-looking physical risks from a changing climate and developing resources to assist companies and investors.

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Foresight is 20/20: Assessing Opportunity and Disclosing Transition Risk for a Net-zero Future https://www.c2es.org/event/foresight-is-20-20-assessing-opportunity-and-disclosing-transition-risk-for-a-net-zero-future/ Thu, 17 Feb 2022 20:25:06 +0000 https://www.c2es.org/?post_type=event&p=14528 As more companies are beginning to disclose their climate-related risks and opportunities in response to interest from investors and regulators, improved guidance and best practices are needed to help companies measure and assess transition risks and opportunities under different scenarios. Stranded assets, reputational impacts, regulatory changes, and lack of market access each may impact companies unprepared for a transition to a low-carbon economy. Current […]

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As more companies are beginning to disclose their climate-related risks and opportunities in response to interest from investors and regulators, improved guidance and best practices are needed to help companies measure and assess transition risks and opportunities under different scenarios. Stranded assets, reputational impacts, regulatory changes, and lack of market access each may impact companies unprepared for a transition to a low-carbon economy. Current C2ES research aims to accelerate and scale knowledge within companies to create better awareness of climate-related risks across business units and to align internal action towards decarbonization and external stakeholder engagement.

In this webinar, TCFD Secretariat and global mining company BHP will detail approaches to transition risks and opportunities, especially considering policy developments and investor commitments in support of a net-zero, resilient future.

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The Path from Pledges to Progress https://www.c2es.org/event/the-path-from-pledges-to-progress-how-companies-are-working-to-decarbonize-today-to-meet-the-ambition-of-tomorrow/ Thu, 02 Sep 2021 18:09:14 +0000 https://www.c2es.org/?post_type=event&p=13524 Transitioning to a low-carbon economy is necessary and urgent. As a growing number of companies make ambitious commitments that look to 2050 and beyond, progress toward these goals is dependent on industries prioritizing action today. Join industry leaders from major sectors such as finance, aviation, and utility for a discussion around how they are working […]

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Transitioning to a low-carbon economy is necessary and urgent. As a growing number of companies make ambitious commitments that look to 2050 and beyond, progress toward these goals is dependent on industries prioritizing action today.

Join industry leaders from major sectors such as finance, aviation, and utility for a discussion around how they are working to transform their industries and tackle challenges as they work to address climate change. Panelists will discuss their current progress toward their climate commitments and what it will take to achieve their ambitious goals.

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Reducing Embodied Carbon from Industry: Business Voices on the Role of Federal Procurement https://www.c2es.org/event/reducing-embodied-carbon-from-the-industrial-sector-business-voices-on-the-role-of-federal-procurement/ Mon, 30 Aug 2021 17:32:13 +0000 https://www.c2es.org/?post_type=event&p=13502 The industrial sector is responsible for 23 percent of U.S. greenhouse gas emissions, and without serious emissions reductions, is expected to grow 15 percent by 2030. A significant amount of industrial emissions arise from the embodied emissions of commonly sourced industrial products, including cement, glass, steel, and pulp and products. While reducing process emissions and […]

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The industrial sector is responsible for 23 percent of U.S. greenhouse gas emissions, and without serious emissions reductions, is expected to grow 15 percent by 2030. A significant amount of industrial emissions arise from the embodied emissions of commonly sourced industrial products, including cement, glass, steel, and pulp and products. While reducing process emissions and replacing thermal energy with clean sources are effective decarbonization strategies for industry, they are often challenging or cost-prohibitive. Bolstering demand for low carbon materials could be an effective tool to spur investment in the sector. Previously, federal procurement has successfully strengthened demand for energy efficient products; and today the federal government can play a large role in accelerating the market for lower carbon materials, especially those often used in the built environment.

In this webinar, we will hear from companies investing in ways to reduce carbon footprints of materials with high embodied GHG emissions, and how businesses who are themselves end customers, leverage procurement and supplier engagement to reduce upstream GHG emissions. Companies will discuss how federal procurement specifically can unlock greater potential for investment. We will also hear from this Administration on its focus on reducing emissions from the built environment.

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Power Infrastructure Needs for Economywide Decarbonization https://www.c2es.org/document/power-infrastructure-needs-for-economywide-decarbonization/ Fri, 16 Apr 2021 20:20:42 +0000 https://www.c2es.org/?post_type=document&p=12913 The power sector must play a central role in the decarbonization of the U.S. economy. Other sectors such as buildings, industry, and transportation will be electrifying to reduce their emissions, which means the power sector over the next few decades not only has to be 100 percent non-emitting, but also much larger. It will need […]

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The power sector must play a central role in the decarbonization of the U.S. economy. Other sectors such as buildings, industry, and transportation will be electrifying to reduce their emissions, which means the power sector over the next few decades not only has to be 100 percent non-emitting, but also much larger. It will need to accommodate massive deployments of variable renewable energy resources such as solar and wind, as well as burgeoning numbers of electric vehicles, distributed energy resources, and energy storage technologies. This will require a significant buildout of power system infrastructure, including additional generation, distribution, and transmission capacity. The mix of centralized and distributed resources and the two-way power flows introduced by resources such as rooftop solar and vehicle-to-grid technologies will also necessitate infrastructure upgrades to enhance deployment of intelligent systems.

Getting that new and upgraded infrastructure built can be very challenging, however, particularly for interregional transmission. Transmission projects can face significant planning and permitting hurdles and therefore, if they manage to clear the hurdles at all, can take more than a decade to deploy.  There are potential pathways, though, to smooth and speed deployment. Approaches such as competitive renewable energy zones and undergrounding and co-locating transmission in existing rights-of-way could be models for making progress in deploying interregional transmission. Siting new non-emitting centralized generation plants near or at the same location as existing or retiring plants can minimize the need for new transmission infrastructure, as can deploying smaller, more distributed power generation resources that are sited closer to demand and within local lower-voltage distribution networks. Energy storage is also emerging as a non-wires alternative to upgrading substations and building new transmission lines, though long-duration storage technologies need to be further developed. Policies and reforms must reduce the need for transmission, help get transmission built, and strengthen transmission connections between regional grids.

To lessen the amount of transmission needed, policymakers should adopt policies that:

  • maintain existing firm non-emitting generation for as long as possible
  • advance the production and supply of low-carbon fuels to replace emitting fuels in existing firm generation
  • invest in innovation to help develop and deploy low-cost, flexible, firm low-carbon generation technologies that are currently at a more nascent stage
  • incentivize energy efficiency across sectors
  • deploy incentives and implement programs to minimize increased peak demand due to electric vehicle charging
  • increase support for public transportation systems and other measures to reduce the need for vehicle use
  • increase support for and adoption of low-carbon alternative transportation fuels, particularly for medium- and heavy-duty vehicles
  • advance deployment of distributed energy generation resources
  • Require utilities to evaluate non-wires alternatives such as energy storage in addition to new transmission line proposals
  • invest in energy storage research, development, demonstration, and deployment, including on long-term storage options.

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