This week saw the launch event for 2017 CDP disclosures. This is not only an important time of year for our clients to find out how they have performed, but is also a time to take stock of the global trend in emissions performance and management.
Assessing and acknowledging the risks and opportunities of climate change has been on the agenda of forward thinking companies for some time. However, we believe that there is a more robust approach to impact assessment that considers possible risks and opportunities and acts as a lens through which to view future business operations – climate scenario analysis.
Last month the 2017 Defra greenhouse gas reporting conversion factors were released. There are several new emission factors added and some significant changes to the methodologies used to determine existing factors.
Topics: Emission factors
CDP 2017 wrapped up at the of July. With the end of reporting season, focus now turns to next year’s disclosure. Each year CDP updates questionnaires in an effort to increase the quality and transparency of company disclosures, as well as to keep up with changing best practice in sustainability reporting.
What does a national shortage of biscuits have to do with climate change?
North-West Britain was impacted by significant floods at the end of December 2015 that caused damage and devastation to many homes, businesses and communities. One of the facilities affected by the floods manufactures biscuits. The factory was put out of action due to electrical damage caused by the flood, resulting in a biscuit shortage at the beginning of 2016.
In April 2014 the European Parliament adopted EU Directive 2014/95/EU on the disclosure of non-financial and diversity information by businesses and other large organisations. EU member states have been given a two year window to transpose the Directive into national law. As such it is expected that the first year of reporting will commence in the 2017-2018 financial year.