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Tag climate change

If Your Investors Are Assessing Your Climate Risk, Shouldn’t You Be?

The SSC Team June 7, 2018 Tags: , , , , , , Strategic Sustainability Consulting No comments
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Enjoy this post from the SSC Archives. 

 

A few summer ago, the World Resources Institute and the UNEP Finance Initiative consulted with more than 100 energy, climate, and finance experts to create a discussion framework for investors to weigh exposure to the risks of climate change.

Essentially, it is a toolkit for investors to evaluate a company based on climate risk factors not directly related to physical risk. Most investors can already pick out obvious physical risks, i.e. investing in coastal property as sea levels rise. But non-physical, climate-change effected risks are also important.

The WRI discussion framework addresses those risks, called carbon-asset risks. They include public policy, regulation, technology, unpredictable market conditions, and shifting public opinion.

This discussion framework is an excellent tool for investors to weigh risks as they choose to make investments, but we argue that companies themselves should be looking at this tool to discover their own carbon asset risks and then engaging in some deeper-level analyses and audits.

For example, the assessment recommends that investors look beyond carbon footprinting and delve deeper into company supply chain audits that may uncover risks. For example:

  • Geographic location (are too many of your suppliers in the path of a super-typhoon?),
  • Local regulations (are the countries your source your raw materials from looking to legislate and increase your costs?),
  • Diversification in operations or production (are your products and services too dependent on fossil fuels?).

This discussion framework, while absolutely useful for investors, can also be used as a cheat sheet for your own business. Next step: Start auditing and taking action now to mitigate your climate risk.

Reducing exposure to risk is crucial, not only to become more attractive to investors, but also to become a more sustainable organization overall!

If you’re ready to start looking more deeply at your carbon asset risk, contact us to learn more about sustainability assessment and supply chain analysis

Sustainability Consulting Round-Up: Best of Our Blog from May 2018

The SSC Team May 31, 2018 Tags: , , , , , , Strategic Sustainability Consulting No comments
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We try to post a new blog at least once a week, just to share our insights into the world of sustainability strategy and what it takes to be a sustainability consultant or professional today. Here are our most-read posts from May.

 

Sustainability Strategy Isn't a Checklist

 

Data or Your Gut? Understanding Your True ROI

 

3 Questions to Make Sustainable Decisions

 

5 Minute Video: Making Your Business Case for Sustainability

  

If you like an article, please consider sharing it online via your favorite social media platform. Helping us grow our audience is the #1 way you can show your support for the work that we do.

Sustainability Consulting Round-Up: Best of Our Blog from April 2018

The SSC Team May 1, 2018 Tags: , , , , , , , , , Strategic Sustainability Consulting No comments
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We try to post a new blog at least once a week, just to share our insights into the world of sustainability strategy and what it takes to be a sustainability consultant or professional today. Here are our most-read posts from April.

 

Guests, Properties Need to Coordinate in Minimizing Food Waste

 

5 Ways You can Promote Sustainability by Instilling Values In Your Organization

 

Listen Up: Companies Should Not Be Afraid to Get Political

 

Becoming a Better Sustainability Consultant: Understanding Your Client’s Industry

 

If you like an article, please consider sharing it online via your favorite social media platform. Helping us grow our audience is the #1 way you can show your support for the work that we do.

TEDTalk 7 Principles for Building Better Cities

The SSC Team March 15, 2018 Tags: , , , , , , Strategic Sustainability Consulting No comments
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Everyone loves a good TED Talk! Here’s one of our favorites

Let’s face, we are an urban world. With more than half of the world's population living in cities, and another 2.5 billion people expected to move to urban areas by 2050 we need to be giving a lot of though to the way we build. From climate change to economic vitality to our very well-being and sense of connectedness, Peter Calthorpe is at work planning these cities of the future and advocating for community design that's focused on human interaction. In his talk, he shares seven principles to help us solving sprawl while also building more sustainable cities.

Good Reads: The State of Green Business 2018

The SSC Team March 8, 2018 Tags: , , , Strategic Sustainability Consulting No comments
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Kick off the year with insight into the State of Green Business 2018, published February 1, by GreenBiz in partnership with Trucost, via this insightful summary. It will help you better understand where the United States stands, despite the government staying on the sidelines when it comes to green efforts. The private sector, states, cities and other nations are marching forward in an attempt to minimize climate impact. You can read the report in full here

Sustainability Consulting Round-Up: Best of Our Blog from January 2018

The SSC Team February 1, 2018 Tags: , , , , , , , , , , , , Strategic Sustainability Consulting No comments
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We try to post a new blog at least once a week, just to share our insights into the world of sustainability strategy and what it takes to be a sustainability consultant or professional today. Here are our most-read posts from November.

 

The Obstacles with Sustainability Strategy

 

Creating Partnerships Can Be Useful for Your Company

 

Is Vanpooling a Good Choice for Your Company?

 

 

 

If you like an article, please consider sharing it online via your favorite social media platform. Helping us grow our audience is the #1 way you can show your support for the work that we do.

Where Sustainability and Boards of Directors Intersect

The SSC Team January 25, 2018 Tags: , , , , , , , , , Strategic Sustainability Consulting No comments
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With consumers and Wall Street continuing to put pressure on companies to be open about their sustainable practices, boards of directors are feeling the pinch. Investors certainly expect that board members understand and help prepare for challenges. Investing in sustainability is increasingly seen as a risk mitigation strategy, particularly now that it is clear that there is a connection between sustainable efforts and how companies perform.

There are a number of sustainability issues — climate change, water scarcity, labor inequality, product safety — that impact the bottom line. By understanding the impact of these risks on their companies and incorporating that information into the decision making process, boards can meet the demands of a growing number of investors around the world — and unlock real business opportunities.

This Greenbiz.com article, How to Build a Board that’s Competent for Sustainability, was an excellent round up of how to manage boards effectively when it comes to sustainability issues.

 

When an environmental or social issue impacts production and more, board members must respond. And it’s the job of the corporate staff, from investor relations to corporate secretaries to sustainability officers, to help the board become fluent in these sustainability risks — so that directors can understand why it matters to their business and what they can do about it. While some would say you could simple add a member or two to the board who is well versed in sustainable issues, a report recently release by Ceres suggest you should build a sustainably competent board.

 

How to build a sustainably competent board

Key suggestions include integrating sustainability issues into board recruitment and educating directors on sustainability issues and why it’s critical for them to engage with external stakeholders, including investors and experts on sustainability issues. The end goal is totally straightforward and by tackling material sustainability risks as a group, the board can ask the right questions, support or challenge management as needed and make knowledgeable decisions on strategy and risk.

 

There are other important elements that can assist in this process such as investor relations. Investors have long paid attention to board composition, including leading the charge calling for more diversity on corporate boards. Now that focus has grown to include climate competency, with major investors including CalPERS, CalSTRS, Blackrock and State Street (PDF) demanding that boards bring on climate-competent directors.

To work on this transition, the sustainability department and investor relations team can pair up to help educate directors when it comes to sustainability issues. They can prepare educational materials and sessions, report on material sustainability issues and discussion to boards and involve boards in materiality assessments, including ongoing updates of the business case for managing sustainability issues. Materiality assessments are particularly important. A growing number of companies are putting in place formal process to assess materiality sustainability issues. Board members should be involved in these processes to provide input, as well as to vet the results.

Finally, corporate staff can help the board engage with investors and other expert stakeholders on the topics important to the company through outreach to stakeholders or by creating advisory councils that have sufficient expertise to engage with directors and help brief and prepare board members for investor engagements on sustainability issues.

If a board wants what is best for the company, it’s clear that establishing a focus on sustainability issues will be good for business. Would you like help making the case to leadership on the power of sustainability, contact us! 

Is Vanpooling a Good Choice for Your Company?

The SSC Team January 23, 2018 Tags: , , , , Strategic Sustainability Consulting No comments

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 Enjoy this post from the SSC Archives

Check out the following question pop up on 2Degrees.com (a platform for sustainability professionals): 

We’re based in rural Wiltshire and fast outgrowing our site. Whilst expansion plans are in the works, our car park is at capacity and we have more new starters joining every week. Whilst most of us car share, we’re still looking for ways to take cars off the road. We’re looking at introducing buses from the major towns and cities for Dyson people to get to work and back home. It would be great to learn about how others have implemented a similar scheme successfully and what things to watch out for including any experiences you can share on linking incentives to use of more sustainable modes of transport.

-- Nicola Warner | Dyson

There were several good comments already in the thread, but of course we wanted to add our own input! Here's what we said:

Have you considered vanpooling as an option?

We’ve found that vanpooling is a great option for companies located in rural areas when employees live in many directions. It’s particularly valuable for companies with a growing headcount, because it’s relatively easy to add a new van (while adding a new bus route is a significant commitment in terms of time and money).

There's lots of good evidence that vanpooling is good for employees and good for companies. According to Enterprise RideShare:

Vanpooling drastically reduces commuting and maintenance costs by up to $800 a month* (based on AAA mileage). Also, employees who vanpool are eligible for tax incentives  (IRS Tax Code 132(f)) and local government subsidies... People who share a ride aren't subject to the daily traffic grind, which means they arrive at work happier, more relaxed and, in turn, are more productive. Also, vanpoolers are found to be more punctual than those that drive alone. So employees who vanpool are more likely to arrive to work on time.

If you'd like to chat more with us about vanpooling and the key lessons (both positive and negative) we've learned over time, please contact us to set up a meeting. Otherwise, check out these resources for more information.

Vanpooling: A Handbook to Help You Set Up a Program at Your Company - a PDF guide from the US Department of Transportation. While the handbook is a bit old (published in the early 1990s), it is a great roadmap for setting up and managing a vanpooling program.

Vanpool Benefits: Implementing Commuter Benefits - a PDF guide from the US Environmental Protection Agency's "Best Workplace for Commuters" program. While written with an American audience in mind, all companies will find it useful for considering the financial costs and benefits of a vanpooling program.

Curious about how different commuting patterns affect your company's carbon footprint? Download our free white paper, Reducing Your Organization's Carbon Footprint: Addressing Commuter-Related Emissions

Sustainability Consulting Round-Up: Best of Our Blog from December 2017

The SSC Team January 2, 2018 Tags: , , , , , , Strategic Sustainability Consulting No comments
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We try to post a new blog at least once a week, just to share our insights into the world of sustainability strategy and what it takes to be a sustainability consultant or professional today. Here are our most-read posts from December.

 

What is augmented reality and why is it important to integrate it into sustainability advocacy and strategy? 

 

Life Cycle Analysis can help you write a better ‘business continuity plan’

 

Making the case for water conservation? Communicate risk in dollars and cents

 

If you like an article, please consider sharing it online via your favorite social media platform. Helping us grow our audience is the #1 way you can show your support for the work that we do.

What is Augmented Reality and Why is it Important to Integrate it into Sustainability Advocacy and Strategy?

The SSC Team December 26, 2017 Tags: , , , , , , , Strategic Sustainability Consulting No comments
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While the technology for augmented reality is still in its infancy, the capabilities are proving that AR could be key to helping bridge the gap between data and understanding data.

While reality is three-dimensional, the incredible amount of data we now have available to us to help inform our decisions and actions remains trapped on two-dimensional pages and screens. This gulf between the real and digital worlds limits the ability of many to fully take advantage of the incredible depth of information provided by billions of smart, connected products (SCPs) worldwide.

In “Why Every Organization Needs an Augmented Reality Strategy” Michael E. Porter and James E. Heppelmann examine what AR really is along with it’s evolving technology, how companies should deploy AR, and the critical choices that they will face when it comes to integrating AR into strategy and operations.

So what is augmented reality? It is a set of technologies that superimposes digital data and images on the physical world in a way that can release untapped and uniquely human capabilities. More broadly, AR enables a new information-delivery system, that could profoundly impact the way data is structured, managed, and delivered online. While the internet has dramatically impacted the way that information is collected, transmitted, and accessed, its model for data storage and delivery—pages on flat screens—does have limits: It requires people to mentally translate 2-D information for use in a 3-D world.

This is not always an easy task — think about that Ikea direction sheet you had to work with the last time you put together a dresser and you understand the challenges.  But by superimposing digital information directly on real objects or environments, AR can provide people with the opportunity to process the physical and digital simultaneously, eliminating the need to mentally bridge the two, improving the ability to rapidly and accurately absorb information, make decisions, and execute required tasks quickly and efficiently.

AR is poised to enter the mainstream with one estimate putting spending on AR technology at $60 billion in 2020. AR will affect companies in every industry and many other types of organizations, from universities to social enterprises. In the coming months and years, it will transform how we learn, make decisions, and interact with the physical world. It will also impact how enterprises can assist their customers, train employees, design and create products, and manage their value chains, and, ultimately, how they compete. While challenges in deploying AR remain, pioneering organizations including Amazon, Facebook, General Electric, Mayo Clinic, and the U.S. Navy, are already implementing AR and seeing a major impact on quality and productivity.

So you get the basic concept, but might still be uncertain as to why AR will be necessary? Take this example from The Guardian about climate change and how people have a very difficult time making long-term decisions (or even accepting it’s reality) because they do not see it happening right in front of them and therefore don’t see a reason to worry. Scientist and artists have already come up with some super creative ways of using augmented reality to help people see and feel the future if we don't do something today. Including the app After Ice which helps may help those who don’t understand the dangers of climate change experience the impact from wherever they are standing making it “real” for them in a way that reading or diagrams hasn’t been able to do.

Other interesting uses of AR include White Noise, an installation that pits realtime data on consumption against conservation — consumption almost always wins. Or artist and designer Catherine Sarah Young collaboration with scientists from Singapore-ETH Future Cities Laboratory and the University of Applied Sciences and Arts, Northwestern Switzerland, last year to develop the exhibition The Apocalypse Project: House of Futures which speculated about the future of our environment through a the lens of high fashion. The interactive projects allowed visitors to discuss their ideas about what makes a sustainable planet and a desirable future.

While AR won’t be a part of every business tomorrow now is a good time to get ahead of the game and start to think about how this incredible technology could help your business better tell its story of serve it’s customers or employees. It may seem like the future, but it is going to be a part of our every day life before long.