GREENING SUPPLY CHAINS: A WIN-WIN APPROACH
|
|
- Jerome Jenkins
- 8 years ago
- Views:
Transcription
1 BUSINESS WITH IMPACT We have noticed a progressive trend in our clients interests, who do not want simply to maximise their financial profit. They want more. They see that shareholder value also depends on their standing in the society be it local, national or global where they operate. They want to do good as well for their clients and all of society. Indufor aligns strongly with this kind of thinking. There is a new term for an investor with this kind of philosophy an impact investor, who makes impact investments into companies, organisations, and funds, with the intention to generate positive social and environmental impacts alongside the financial return. In forestry, where operations cover large areas of land, the best investments have always been impact investments although not known as such. However, now the positive environmental and social impacts are purposefully targeted, they are not just a side products of good work. Impact investments are neither donations nor charity. Impact investors always expect a financial return, at a minimum the return of capital but in most cases with a reasonable profit, either at a risk-adjusted market rate or sometimes something below that. There is an increasing understanding that investments with positive environmental and social impacts are also good business. For a long time, Indufor has been helping clients to conduct good business with positive impacts. We have also supported our clients in measuring and reporting on the social and environmental performance and progress of their investments. Over the years, we have been developing our own understanding of best practises that are suitable for different geographic areas and situations, and developing tools that allow our consultants to give well-grounded and robust advice to our clients on how to make positive impacts and earn a good return at the same time. We are now specifically improving our services to our clients who want to make a socially responsible impact. This issue of Indufor s newsletter contains articles that highlight how we can support our clients in doing better business with this goal in mind. Jyrki Salmi, Managing Director, Senior Partner Indufor Newsletter No 24, June
2 IMPACT INVESTING Managing forestlands for economic, ecological, and social returns is nothing new, but the ways in which this is financed is changing shape. A growing number of impact investors target specific social and environmental objectives while seeking a financial return on their investments. The forest and agro-forestry landscape could offer opportunities to generate returns, advance development and safeguard the environment. Adding impact to the risk/return calculation, impact investors can support businesses that strengthen the environment and the society. In previous generations, philanthropy funded charities to fill gaps that the market failed to reach. That is changing. Impact investors are shifting the focus from the act of giving to using the market to generate the impact. A similar trend is seen in the official development aid arena where international donors focus on promoting trade rather than aid and performance-based grants. The emerging scarcity of natural resources has dictated global economic development over the past decades and perhaps even over the human history at local levels. On one hand, the scarcity causes severe disasters, and on the other hand it offers opportunities for market participants. Many recent global downturns and conflicts, particularly the 2008 financial crisis, have also awakened corporates to long-term financial thinking and building sustainable economies, and to the sustainable use of natural resources. At the same time the number of impact-driven entrepreneurs working to find innovative solutions to societal problems has increased. In Southeast Asia and Africa, countries such as Malaysia, Indonesia, Ghana and Côte d'ivoire used to be significant industrial players in the global tropical timber business. Now many industries are struggling to get high-quality logs from tropical forests. Many of the traditional family entrepreneurs who had a key role in their business community are shutting down operations. Natural forests have largely disappeared and many industrial operators are now small players with obsolete production assets. However, some pioneers have realised the opportunity and started to invest in new plantation forests and processing facilities with a long-term vision of a sustainable resource base and growing local demand. Indufor has been in the forefront evidencing this development. The investments are true impact investments where, instead of quick returns, the main drivers are long term economic benefits, as well as improved environment and social well-being. Indufor has been a technical advisor for the new investors as well as for the lenders, ensuring that the ventures are financially and technically solid as well as sustainable. Forest investments inherently generate social and environmental impacts that are often seen as risks that must be mitigated. The sector has a base of experience to learn from, and it can also learn from other sectors such as mining to improve the risk/return/impact calculus. Done well, sustainable forest management can catalyse numerous beneficial impacts: it can Indufor Newsletter No 24, June
3 create local jobs, contribute to food security, protect indigenous communities, foster ecotourism, and enhance ecosystem services including climate change mitigation. In order to see such benefits, investors that see the reward from taking such risks will play a central role in financing the actions required to generate positive impacts in the forest landscape. Jeff Hatcher, Managing Director of Indufor North America, and Mariia Kaikkonen, Consultant, Corporate Responsibility Management GREENING SUPPLY CHAINS: A WIN-WIN APPROACH Unsustainable production of commodities is having devastating effects on the earth s limited stock of natural capital. Ecosystem degradation, water scarcity, biodiversity loss, and the severe impacts of climate change are just some of the results. Now, there is mounting pressure from civil society for businesses to account for their negative externalities. A growing middle-class, not only in the western societies but also in emerging economies like China, India and Brazil, is more and more concerned with environmental and health consequences of food production. Today s Chinese mothers read carefully the specifications of consumer goods in food stores in order to have pure and healthy food for their children. Brazilian students resist eating meat that is sourced from the deforested Amazon. Investors, such as pension funds and financial institutions, are also starting to divest from companies that mismanage the social or environmental impacts of their supply chain. In order to address these challenges, businesses are gradually acknowledging the importance of working closely with suppliers to green their value chains. This includes not only addressing direct externalities such as greenhouse gas emissions from their operations, but also indirect impacts such as deforestation and degradation caused from clearing land to produce raw materials. The companies that are able to communicate their sustainable value chains to consumers can improve their financial performance and consumer satisfaction, as well as the environment. Companies that manage their supply chains well can have long-term cost savings due to more efficient and sustained sourcing, while consumers are ready to pay premium prices for safe and healthy products. At the same time, production ecosystems are sustainable and carbon neutral, and as a result companies are able to improve their financial performance. Indufor Newsletter No 24, June
4 Indufor has recently assisted several forest product and bioenergy companies in their sourcing strategies. These companies have been able to improve their relationships with suppliers and even open platforms to exchange practices on how to improve the sustainability of the supply chain. In some cases, Indufor has been able to demonstrate to some energy companies, which are in the process of switching from fossil fuel based sourcing to biomass, that a long-term strategy is a must in order to secure sustainable biomass supply. Renewable biomass is not a commodity that you can get easily from the global markets in required volumes and qualities. Instead, you have to manage the whole supply chain. In addition to companies, Indufor has advised governments in designing policies and related smart regulations that reward sustainability front-runners and lead laggards towards a more sustainable path. Marisa Camilher Camargo Senior Consultant, Environmental Law and Policy STRANDED ASSETS The notion of stranded assets is gaining recognition and increasingly affecting mainstream investment decisions. Stranded assets are resources that at some point prior to the end of their economic life are no longer able to earn the expected economic return. This is due to changes in the market or regulatory environment associated with the transition from a fossil fuel dominant economy to a climate smart, sustainable economy. Stranded assets are a regular and ordinary feature of economic systems. Recent developments, however, illustrate that environmental risks are increasingly responsible for stranding assets, and their significance is likely to grow over time. Stranding takes place when an asset suffers from unanticipated or premature write-offs, downward revaluations or when it is converted to a liability due to environmental risks. A multitude of current and emerging environmental risks can result in stranding assets. However, these risks as the cause for stranding have in the past been poorly understood and therefore they have often been mispriced, resulting in a significant over-exposure of environmentally unsustainable assets throughout the global financial and economic systems. A change is now taking place as the risk profile of natural assets is broadening and the shift to low-carbon business is becoming mainstream. Global concerns about the development of a carbon bubble, together with the relatively rapid pace of innovations in clean energy and low-carbon technologies leave many fossil fuel investors with increasing doubts and growing willingness to withhold capital from companies seen to be engaged in unsustainable activities. Divesting is not uncommon as risk minimisation and safeguarding long-term profitability are naturally priorities. Forest assets are not excluded from stranding. If environmental risks materialise, they can result in stranding assets in the forest based value chains. Forests can, however, also work as a remediation mechanism, or a counterforce to stranding. Afforestation and reforestation are currently classified as Negative Emissions Technologies (NETs) that remove carbon Indufor Newsletter No 24, June
5 dioxide from the atmosphere and thus alleviate the risks of global warming. This in turn makes forests a sustainable investment option and attractive for sustainable investors. Indufor works as a global advisor for investors thinking ahead and wishing to tap this potential. Indufor s clients often come to realise the bundle of benefits of forest investments as they learn to understand the full spectrum of the goods that forest ecosystems offer. One futureoriented advantage is that, unlike fossil fuel assets, forests embody the potential for additional revenue creation in the future, such as the sales of ecosystem services. This is possible in only selected markets so far, but all signs point to its expansion. Thus, instead of divesting this makes investing in forests an ever more attractive option. Mariia Kaikkonen, Consultant, Corporate Responsibility Management GREEN BONDS A green bond is a way to raise up-front finance at scale from the private sector. The bond is earmarked with a promise to invest the accumulated capital into sustainable projects, processes and technologies. Green bonds are targeted at the growing pool of investors looking for low-risk bonds with an additional positive environmental and social impact. A green bond is basically like any other bond issued by a government, financial institution or company. It is a tradable financial instrument that allows the issuer to borrow funds with a promise to pay back the money usually with annual interest by a certain date. The distinction from traditional bonds is that green bonds are supposed to raise money for environmentally and socially beneficial purposes only. The range of projects eligible for financing under green bonds are manifold as there is no single definition of green so far. The proceeds can be used e.g. for financing renewable energy, energy efficiency, water conservation, sustainable forest management, avoidance of deforestation, or reducing the corporate environmental footprint. The projects typically receive a third-party opinion from a known environmental specialist or certification body. Bank of America Merrill Lynch started a green bond index in November 2014 and noted that the bonds on the index have lower credit risk and lower volatility of returns than average bonds. The World Bank issued the first green bond in Back then, the investors buying green bonds were mostly public sector institutions. A change took place in November 2013 when the first corporate (non-bank) bond was issued by the French energy group EDF. In March 2014, the Swedish hygiene and forest products company SCA announced it had raised SEK1.5 billion through a green bond for renewable energy and energy efficiency purposes. Currently green bonds globalise with speed; in early June 2015 the Brazilian food giant BRF, the world s seventh largest food producer, issued a green bond worth EUR500 million to finance e.g. sustainable forest management (development of eucalyptus plantations). The Industrial Bank of China is in the process of issuing its inaugural green bond the first ever from China. Indufor Newsletter No 24, June
6 A forest bond is a category under the green bonds that allows the issuer to borrow money from the international markets to fund sustainable forest activities. A forest bond can be issued on the basis of future cash flows from a suitable forest project, e.g. selling of ecosystem goods and services like carbon offsets. The general challenge with sustainable forest activities is that they require greater upfront expenditures than many nonsustainable activities. Forestry participants who want to adopt more sustainable land-use practices and have access to the associated cash flows will not be able to do so if they do not have access to affordable financing first. Forest bonds provide one suitable option to overcome the challenge. Indufor advises companies thinking of using this option as part of their debt financing strategy, as well as investors interested in buying forest bonds. Working on both sides gives Indufor a good understading of the rationales and motivations of both. Indufor, as a forest advisor with long experience in the natural resources sector, can also see the benefits and risks on both sides and give guidance based on realistic projections. Mariia Kaikkonen, Consultant, Corporate Responsibility Management Indufor Newsletter No 24, June
Strategic plan 2014-16. Reducing greenhouse gas emissions Safeguarding water resources Preventing the destruction of forests
Strategic plan 2014-16 Reducing greenhouse gas emissions Safeguarding water resources Preventing the destruction of forests We face an unprecedented environmental crisis. The impacts of climate change,
More informationExecutive Summary. The core energy policy is as follows:
Executive Summary Energy management must become more sustainable and less dependent on increasingly scarce fossil fuels. Energy is a fundamental element of the economy, and the Netherlands must do more
More informationClimate Change and. Environment Position. Statement. and 2017 Action Plan. action. Statement. Action Plan. September 2014
1 action September 2014 Westpac Group has a long-standing commitment to operating sustainably. 3 Helping future generations For us, this is about helping future generations live better lives in a healthy
More informationACCOUNTING FOR ASIA S NATURAL CAPITAL
ACCOUNTING FOR S NATURAL CAPITAL DRIVING THE TRANSITION TO A RESOURCE-EFFICIENT GREEN ECONOMY Asia s rapid economic growth during recent decades has been accompanied by serious depletion of the region
More informationEnvironmental Finance and Sustainable Investment: Risk Mitigation and Emerging Opportunities 2015 Course Description ENV 1707 F
Environmental Finance and Sustainable Investment: Risk Mitigation and Emerging Opportunities 2015 Course Description ENV 1707 F Instructors: Susan McGeachie & Tom Rand Time: Wednesday 6:30 8:30 pm Place:
More informationInvestment Report - The Forest 500
INVESTORS 2015 RESULTS To ensure deforestation free supply chains, companies need to adopt and implement timebound and measurable policies for forest risk commodities www.forest500.org About the Forest
More informationREWARDING THE SERVICE PROVIDERS A POLICY BRIEF
REWARDING THE SERVICE PROVIDERS A POLICY BRIEF R. Carrillo/ITTO Compensating tropical forest dwellers, owners and managers for the their forests provide will enhance livelihoods and improve forest management
More informationFinancial sector leadership on natural capital
Financial sector leadership on natural capital The Natural Capital Declaration A commitment by financial institutions to mainstream natural capital in financial products and in accounting, disclosure and
More informationGoldman Sachs Environmental Policy Framework
Goldman Sachs Environmental Policy Framework Goldman Sachs believes that a healthy environment is necessary for the well-being of society, our people and our business, and is the foundation for a sustainable
More informationTHE FIRST TEST September 2013
THE FIRST TEST Performance milestones for customers and other stakeholders to assess the implementation of commitments made under Asia Pulp and Paper s Sustainability Roadmap Vision 2020 and Forest Conservation
More informationKey Green Terms & Concepts. Top 20 Green Job Sectors. What is a Green Job? (Definitions)
Choosing Work for a Sustainable Future Jim Cassio What is a Green Job? (Definitions) 1. Jobs in the energy efficiency and renewable energy sectors. -Green Jobs Act 2. Jobs that contribute substantially
More informationSFM FINANCING facts and challenges
SFM FINANCING facts and challenges Republic of Indonesia By: YETTI RUSLI Senior Adviser to the Minister of Forestry 1 st Ad hoc Expert Group of The UNFF on Forest Financing, Nairobi 13-17 September 2010
More informationFossil Free. Jargon Buster!
Fossil Free $ Jargon Buster! You don t need to be a financial expert to be part of a Fossil Free campaign. But if you want to build your confidence in speaking about investments, here are some terms you
More informationUtilizing e-commerce and m- commerce applications to address the effect of Global Warming
Utilizing e-commerce and m- commerce applications to address the effect of Global Warming Keshnee Padayachee School of Computing University of South Africa Unisa, South Africa The impact of global warming
More informationGlobal Peatland Fund Presentation UNFCC Climate Conference
Global Peatland Fund Presentation UNFCC Climate Conference Bali (Indonesia), December 2007 Introduction Sustainable Investment Opportunity The Global Peatland Fund has been established to help prevent
More informationComments to Ontario s Climate Change Discussion Paper EBR POSTING 012-3452
Comments to Ontario s Climate Change Discussion Paper EBR POSTING 012-3452 March 27, 2015 EXECUTIVE SUMMARY Ontario s forest products sector, led by the Ontario Forest Industries Association (OFIA) contributes
More informationGood for Harvard, good for the world: Why HMC embraced ESG with a passion
By Simon Hoyle Fiduciary Investors Symposium Harvard, Harvard University www.top1000funds.com October 28, 2014 Good for Harvard, good for the world: Why HMC embraced ESG with a passion Harvard Management
More informationMORGAN STANLEY ENVIRONMENTAL POLICY STATEMENT
MORGAN STANLEY ENVIRONMENTAL POLICY STATEMENT Morgan Stanley recognizes the critical importance of a healthy environment to our global society, our economy, our business and our people. We also realize
More informationRole of Civil Society Organisations in REDD Projects
Role of Civil Society Organisations in REDD Projects A joint study by the Conservation Finance Alliance and PricewaterhouseCoopers Sergio Salas pwc Agenda/Contents Our work in ecosystems and biodiversity
More informationYour investment in the LGS Account-Based Pension Plan is not guaranteed. The value of your investment can rise or fall.
Statement Fact How we invest your money This Fact Sheet is dated 6 January 2016. It provides additional information not contained in the PDS and therefore forms part of the Local Government Super (LGS)
More informationForest carbon sequestration and climate change. Dr Brian Tobin University College Dublin
Forest carbon sequestration and climate change Dr Brian Tobin University College Dublin Overview Sequestration what is it & why important? Role of forests in climate change CARBiFOR research project Forest
More information10 S TEPS FOR C ARBON C REDIT S UPPORTED PROJECTS:
10 S TEPS FOR C ARBON C REDIT S UPPORTED PROJECTS: Mercy Corps supports initiatives that fulfil our development mandate; where these also reduce greenhouse gas emissions we can look for financial support
More informationAN INNOVATIVE APPROACH TO CARBON OFFSETTING AND SUSTAINABLE DEVELOPMENT.
LIVELIHOODS FUND AN INNOVATIVE APPROACH TO CARBON OFFSETTING AND SUSTAINABLE DEVELOPMENT. SINCE FOUNDING ITS FUND FOR NATURE IN 2008, DANONE HAS BEEN EXPERIMENTING WITH NEW APPROACHES TO THE CARBON ECONOMY,
More informationPlease indicate your preference by providing comments as appropriate. Where there is insufficient space, please attach additional pages as necessary.
PART B: DETAILED QUESTIONS FOR RESPONSE Please indicate your preference by providing comments as appropriate. Where there is insufficient space, please attach additional pages as necessary. (1) The first
More information864 653-7224 SFI INC. LAUNCHES NEW STANDARD LEADS FOREST CERTIFICATION FORWARD
FOR IMMEDIATE RELEASE Contact: Rick Cantrell January 12, 2010 SFI Vice President and COO 864 653-7224 SFI INC. LAUNCHES NEW STANDARD LEADS FOREST CERTIFICATION FORWARD WASHINGTON Sustainable Forestry Initiative
More informationPRACTICAL STRATEGIES FOR IMMEDIATE PROGRESS ON CLIMATE CHANGE BUILDING BLOCKS FOR A GLOBAL AGREEMENT
PRACTICAL STRATEGIES FOR IMMEDIATE PROGRESS ON CLIMATE CHANGE BUILDING BLOCKS FOR A GLOBAL AGREEMENT Forging an effective response to climate change is one of the international community s highest priorities.
More informationHow To Attend The Business And Climate Summit In Paris
Working together to build a better economy MAY 20-21, 2015 PARIS UNESCO Headquarters BUSINESSCLIMATESUMMIT.COM 200 days before the UN Climate Change Conference in Paris, the May 20-21 Business & Climate
More informationAccounting firm: audit, tax and financial advice
PwC Accounting firm: audit, tax and financial advice Advisory services related to Climate Change and Sustainability: - Due-Diligence for carbon investments - Design and implementation of voluntary emission
More informationResource efficiency. United Nations Environment Programme
Resource efficiency United Nations Environment Programme An overview Economic growth and social development cannot be sustained with our current consumption and production patterns. Globally, we are extracting
More informationGrowing the Green Economy
Growing the Green Economy Labour Green Economy Paper.indd 1 05/02/2016 17:44 Our Plan Establish a green infrastructure fund worth 1bn. We recognise the need to fund immediate action on climate change.
More informationSocial Metrics in Investing: The Future Depends on Financial Outperformance and Leadership
Community Development INVESTMENT REVIEW 59 Social Metrics in Investing: The Future Depends on Financial Outperformance and Leadership Introduction Allison Duncan, Amplifier Strategies Georgette Wong, Take
More informationwww.pwc.com IEMA The Importance of Due Diligence Auditing in the transition to a Sustainable Economy Mark Thompson 9 December 2014
www.pwc.com IEMA The Importance of Due Diligence Auditing in the transition to a Sustainable Economy Mark Thompson 9 December 2014 Objectives The webinar should help you to understand: the types of transactions
More informationNordea Asset Management. Our Approach on Climate Change
Nordea Asset Management Our Approach on Climate Change Introduction Scientific fact base The Intergovernmental Panel on Climate Change (IPCC) Fifth Assessment Report concludes that Climate change and
More informationTIAA-CREF Asset Management. Global capabilities Recognized performance
TIAA-CREF Asset Management Global capabilities Recognized performance Earning our clients trust since 1918 TIAA-CREF s greatest assets are the lasting relationships we ve developed and maintained since
More informationDSM Position on Sustainable Biomass
Corporate Public Affairs Het Overloon 1, 6411 TE Heerlen, the Netherlands www.dsm.com April 2012 DSM Position on Sustainable Biomass Key messages DSM is a leading Life Sciences and Materials Sciences company
More informationWorld Economic Forum Insurance and Asset Management Council. Joachim Faber. Low Carbon Economy Finance Paper Q4 2011
World Economic Forum Insurance and Asset Management Council Joachim Faber Low Carbon Economy Finance Paper Q4 2011 Frankfurt / Munich, Oct 2011 Introduction The Low Carbon Economy and Finance by the Insurance
More informationGLOBAL WOOD AND WOOD PRODUCTS FLOW
ITEM 5 GLOBAL WOOD AND WOOD PRODUCTS FLOW TRENDS AND PERSPECTIVES Table of Contents GLOBAL WOOD AND WOOD PRODUCTS FLOW - TRENDS AND PERSPECTIVES... 1 SUMMARY... 2 INTRODUCTION... 3 INTERNATIONAL TRADE...
More informationThe Story of REDD A real solution to deforestation?
The Story of REDD A real solution to deforestation? Find the movie on: www.fern.org/storyofredd REDD, or reduced emissions from deforestation and forest degradation, is one of the most controversial issues
More informationThe Application of International Accounting Standards in the Financial Statements of Tearfund Partners
The Application of International Accounting Standards in the Financial Statements of Tearfund Partners Context: International Accounting Standards (IAS) have been developed primarily to bring consistency
More informationSeeing the Forest for the Trees Making the Most of Synergies to Achieve SDGs in a Constrained Environment By Mahmoud Mohieldin and Paula Caballero
Goal 15 Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss Seeing
More informationSystem Basics for the certification of sustainable biomass and bioenergy
ISCC 201 System Basics System Basics for the certification of sustainable biomass and bioenergy ISCC 11-03-15 V 2.3-EU Copyright notice ISCC 2011 This ISCC document is protected by copyright. It is freely
More informationConvention on Climate Change entered into force over 20 years ago, Speech by H.E. Xi Jinping. President of the People's Republic of China
Work Together to Build a Win-Win, Equitable and Balanced Governance Mechanism on Climate Change Speech by H.E. Xi Jinping President of the People's Republic of China At the Opening Ceremony of The Paris
More informationInnovations in Conservation Finance. Agustín Silvani Managing Director, Carbon Finance Conservation International
Innovations in Conservation Finance Agustín Silvani Managing Director, Carbon Finance Conservation International innovation CI with partners have historically been a leader in developing new sources of
More informationWhat it examines. Business Working Responsibly CR/Sustainability Governance Section
Business Working Responsibly CR/Sustainability Governance Section 1. Corporate Responsibility/ Sustainability Governance What it examines The Corporate Responsibility (CR)/Sustainability Governance area
More informationGeneral Corporate Social Responsibility Policy 20/10/15
General Corporate Social Responsibility Policy 20/10/15 CONTENT GENERAL CORPORATE SOCIAL RESPONSIBILITY POLICY 3 OBJECTIVES 3 1. Objectives of the General Corporate Social Responsibility Policy 3 PRINCIPLES
More informationInsurance market outlook
Munich Re Economic Research 2 May 2013 Global economic recovery provides stimulus to the insurance industry long-term perspective positive as well Once a year, MR Economic Research produces long-term forecasts
More informationRBC ENVIRONMENTAL BLUEPRINT: Policy, priorities and objectives
RBC ENVIRONMENTAL BLUEPRINT: Policy, priorities and objectives RBC is committed to a path of environmental sustainability 1. This means reducing our environmental footprint, promoting environmentally responsible
More informationInstitutional investors expectations of corporate climate risk management
Institutional investors expectations of corporate climate risk management Institutional investors expectations of corporate climate risk management As institutional investors, we are major shareowners
More informationSicirec Group. Making profit with nature conservation. Biodiversity preservation. Profitability. Poverty alleviation
Making profit with nature conservation Profitability Biodiversity preservation Poverty alleviation Sicirec Group 1991: Sicirec founded Consumers organisation Investment Management Trading platform 2007:
More informationNECAQ Sustainability Program The Business Case
NECAQ Sustainability Program The Business Case Key messages Energy efficiency is a fundamental element in the progression towards a future low-carbon economy. Actions to increase energy efficiency can
More informationClimate-Related Business & Technology
www.sandw.com Climate-Related Business & Technology Climate change and the measures required to address it raise fundamental business, legal and risk management issues. Working in this evolving arena requires
More informationCalculating Greenhouse Gas Emissions
GIIRS Emerging Market Assessment Resource Guide: What s in this Guide? I. Definition: What Are Greenhouse Gas (GHG) Emissions? II. Why Calculate GHGs? III. How to Calculate Company-wide GHGs IV. Outsourcing
More informationGLENEAGLES PLAN OF ACTION CLIMATE CHANGE, CLEAN ENERGY AND SUSTAINABLE DEVELOPMENT. 1. We will take forward actions in the following key areas:
GLENEAGLES PLAN OF ACTION CLIMATE CHANGE, CLEAN ENERGY AND SUSTAINABLE DEVELOPMENT 1. We will take forward actions in the following key areas: Transforming the way we use energy Powering a cleaner future
More informationONTARIO GREEN BOND Q&A s
ONTARIO GREEN BOND Q&A s 1. What are Green Bonds? Green Bonds are debt securities where the issue proceeds are utilized to fund projects with specific environmental benefits. Green Bonds are a new funding
More informationOVERVIEW of the ETHIOPIA S CLIMATE RESILENT GREEN ECONOMY STRATEGY
FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA OVERVIEW of the ETHIOPIA S CLIMATE RESILENT GREEN ECONOMY STRATEGY Wondwossen Tadesse 1. Introduction Like most countries,ethiopia is experiencing the effects of
More informationInterview: Aurélie Faure, Financial Analyst at Dexia Asset Management
Research letter n 09/03 October 2009 http://www.carbonium.fr/pdf/research0903.pdf CONTENTS Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management... p. 1 Hot topics in Copenhagen... p. 3
More informationCommuniqué Global Bioeconomy Summit 2015
Communiqué Global Bioeconomy Summit 2015 Making Bioeconomy Work for Sustainable Development Communiqué of the Global Bioeconomy Summit 2015 Making Bioeconomy Work for Sustainable Development The first
More informationWORLD ENERGY INVESTMENT OUTLOOK 2014 FACTSHEET OVERVIEW
OVERVIEW More than $1.6 trillion was invested in 2013 in energy supply, a figure that has more than doubled in real terms since 2000, and a further $130 billion to improve energy efficiency. Renewables
More informationClimate and Environment Advisers Competency Framework
Climate and Environment Advisers Competency Framework Climate Change and Environment issues are fundamentally linked. Climate change causes and exacerbates the loss of biodiversity. The loss of biodiversity
More informationIntended Nationally Determined Contribution (INDC) of the Federal Democratic Republic of Ethiopia
Intended Nationally Determined Contribution (INDC) of the Federal Democratic Republic of Ethiopia Ethiopia intends to limit its net greenhouse gas (GHG) emissions in 2030 to 145 Mt CO2e or lower. This
More informationNew Zealand submission to SBSTA Initial views on Issues related to more comprehensive LULUCF accounting. April 2013
New Zealand submission to SBSTA Initial views on Issues related to more comprehensive LULUCF accounting April 2013 Context 1. CMP 7 requested SBSTA to consider more comprehensive accounting for anthropogenic
More informationAchieving a high-productivity, sustainable palm oil sector in Indonesia: a landscape management approach
Achieving a high-productivity, sustainable palm oil sector in Indonesia: a landscape management approach June 2015 Goal: A growing number of government, business and civil society, including Unilever and
More informationDEPARTMENT OF FORESTRY DRAFT REVISED NATIONAL FOREST POLICY OF MALAWI
DEPARTMENT OF FORESTRY DRAFT REVISED NATIONAL FOREST POLICY OF MALAWI July, 2013 1. Foreword 2. Preface 3. Introduction 4. Policy linkages 5. Broad Policy Direction 6. Policy Priority Areas Provides the
More informationPreparing for Scaled-up Climate Financing: New Business Opportunities for Green Growth
SUMMARY WORKSHOP REPORT Preparing for Scaled-up Climate Financing: New Business Opportunities for Green Growth An Asia Low Emission Development Strategies (LEDS) Partnership Workshop on Financing for Green
More informationCarbon Projects and Potential Source of Revenue for Microfinance Institutions to Accelerate Renewable Energy Lending in Nepal
Carbon Projects and Potential Source of Revenue for Microfinance Institutions to Accelerate Renewable Energy Lending in Nepal By: Marco van der Linden, Carbon Finance Advisor: MarcovanderLinden@snvworld.org
More informationSUSTAINABLE DEVELOPMENT, POVERTY AND THE ENVIRONMENT: A CHALLENGE TO THE GLOBAL COMMUNITY
SUSTAINABLE DEVELOPMENT, POVERTY AND THE ENVIRONMENT: A CHALLENGE TO THE GLOBAL COMMUNITY 1. BACKGROUND The World Summit on Sustainable Development is an important occasion for the world community to assess
More informationReallocating Energy Investments?
Reallocating Energy Investments? Consider the Clean Energy Sector June 2015 Executive Summary Today, Clean Energy is an established sector, continues to grow, and offers an increasingly diverse set of
More informationPrepared by the Commission on Environment & Energy
Policy statement Energy efficiency: a world business perspective Prepared by the Commission on Environment & Energy Key messages Energy efficiency is a fundamental element in progress towards a sustainable
More informationHow credit analysts view and use the financial statements
How credit analysts view and use the financial statements Introduction Traditionally it is viewed that equity investment is high risk and bond investment low risk. Bondholders look at companies for creditworthiness,
More informationTHE L ORÉAL SUSTAINABILITY COMMITMENT
THE L ORÉAL SUSTAINABILITY COMMITMENT OUR SHARING BEAUTY WITH ALL COMMITMENT TOGETHER WE WILL MAKE BEAUTY SUSTAINABLE. TOGETHER WE WILL MAKE SUSTAINABILITY BEAUTIFUL. We want to bring beauty to all people.
More informationMobilizing capital towards a low-carbon economy
Mobilizing capital towards a low-carbon economy Anthony Hobley CEO, Carbon Tracker Initiative Bruegel, Brussels 27 th April 2015 Who Are We? Identity Mission Strategy Carbon Tracker is a non profit financial
More informationCommunicating Your Commitment: Your Guide to Clean Energy Messaging
Communicating Your Commitment: Your Guide to Clean Energy Messaging Congratulations on your recent purchase of clean energy from Renewable Choice! Whether you ve purchased green power in the form of renewable
More informationPRIVATE EQUITY IN THE DEVELOPING WORLD
PRIVATE EQUITY IN THE DEVELOPING WORLD Aditi Kapoor, Reed Smith LLP Type: Published: Last Updated: Keywords: Legal Guide June 2012 June 2012 Private Equity, Funds, Investors This document provides general
More informationA Guide to Woodland Carbon for Business
A Guide to Woodland Carbon for Business Contents: 1. Investing in Woodland Carbon: an overview 2. Why Woodland Carbon? 3. How much does it cost? 4. Woodland Carbon Code 5. Woodland Carbon compliance 6.
More informationMANAGING RISK IN EMERGING MARKETS OUR CORE BUSINESS
MANAGING RISK IN EMERGING MARKETS OUR CORE BUSINESS Fiscal Year 2014 PROVEN TRACK RECORD 58 Years of profitable investments in emerging markets $67b $51.7b $15.3b $22.4b $17.3b $5.1b $1.5b Diversified
More informationof bioenergy and actions
SustainabILITY of bioenergy Fortum s POSITION and actions The key opinions and actions in the sustainable utilisation of bioenergy at Fortum are presented below. The guidelines contribute to Fortum s Sustainability
More informationMidwest Utilities Seminar 2014
Midwest Utilities Seminar 2014 Cautionary Statement Regarding Forward-Looking Information Much of the information contained in this presentation is forward-looking information based upon management s current
More information2009 Energy Policy. Background
2009 Energy Policy Background The citizens of Fort Collins created the municipal electric utility in 1935. In 1973, Fort Collins joined with Estes Park, Longmont and Loveland to create Platte River Power
More informationMAKE MONEY. MAKE A DIFFERENCE. GETTING REAL ABOUT THE ENERGY TRANSITION
MAKE MONEY. MAKE A DIFFERENCE. GETTING REAL ABOUT THE ENERGY TRANSITION WHAT IS THE CARBON BUBBLE? WHAT IS ENERGY TRANSITION? One of society s most complex and difficult problems is how to shift from a
More informationSystem Basics for the certification of sustainable biomass and bioenergy
ISCC 201 System Basics System Basics for the certification of sustainable biomass and bioenergy ISCC 10-04-19 V 1.15 10-04-19 Copyright notice ISCC 2010 This ISCC document is protected by copyright. It
More informationCool Carpet - Clean Up the Emissions Around Us
Cool Carpet Carbon Neutral Modular Carpet Offsetting Offsetting the carbon we can t yet avoid Every organisation and individual has, like it or not, a carbon footprint. At Interface we have reduced our
More informationSustainability Accounting and Reporting: Research and Teaching
Sustainability Accounting and Reporting: Research and Teaching Associate Professor Sumit Lodhia Centre for Accounting, Governance and Sustainability University of South Australia Business School Sumit.lodhia@unisa.edu.au
More informationDirtier than coal? Why Government plans to subsidise burning trees are bad news for the planet
Dirtier than coal? Why Government plans to subsidise burning trees are bad news for the planet Summary The UK Bioenergy Strategy set a clear direction for future bioenergy policy, including commitments
More informationSUPPORTING FACTSHEET
SUPPORTING FACTSHEET 13 August 2015 Progress towards delivering Asia Pulp & Paper Group s peatland commitments OVERVIEW... 2 APP CONSERVATION MILESTONES... 2 CONTEXT... 2 Indonesia scommitment to greenhouse
More informationA sustainable energy and climate policy for the environment, competitiveness and long-term stability
2009-02-05 A sustainable energy and climate policy for the environment, competitiveness and long-term stability The party leaders of Alliance for Sweden entered into an agreement today on a long-term,
More informationGreen Financing Forum Oliver Yates, Chief Executive Officer September 2015. CEFC Mission
Green Financing Forum Oliver Yates, Chief Executive Officer September 2015 CEFC Mission Accelerate Australia's transformation towards a more competitive economy in a carbon constrained world, by acting
More informationSustainable & Responsible Investment Policy
Sustainable & Responsible Investment Policy Local Government Superannuation Scheme Effective date: 1/05/2015 Purpose of policy The Local Government Superannuation Scheme (LGS) is established under a multi-division
More information2. Place of renewable energy in the context of developing global energy at present stage
Renewable Energy Strategy to promote an enhanced investment climate for renewable energy technologies for submission to national and regional authorities in participating CIS countries 1. Introduction
More informationAgriculture, Food Security and Climate Change A Triple Win?
Agriculture, Food Security and Climate Change A Triple Win? Dr. Andrew Steer Special Envoy for Climate Change The World Bank Group Your Royal Highnesses, Excellencies, Ladies and Gentlemen, Let me begin
More informationUK experience of the Renewable Transport Fuel Obligation (RTFO) and policies to promote the development of waste-derived and advanced biofuels
UK experience of the Renewable Transport Fuel Obligation (RTFO) and policies to promote the development of waste-derived and advanced biofuels European Biofuels Technology Platform 6 th Stakeholder Plenary
More informationNatural Capital at Risk
Natural Capital at Risk KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity.
More informationSUNREF, AFD S GREEN FINANCE LABEL. Agence Française de Développement
Solar panels at Strathmore University in Nairobi Kenya Boisseaux-Imageo / French Red Cross Agence Française de Développement AFD S GREEN FINANCE LABEL Towards a shared sustainable development model Despite
More informationThis document outlines Wales & West Utilities Business Plan for the next regulatory period from 2013-2021.
This document outlines Wales & West Utilities Business Plan for the next regulatory period from 2013-2021. It has been prepared following extensive consultation with a wide range of stakeholders and reflects
More informationPriority Senior Secured Income Fund, Inc.
Priority Senior Secured Income Fund, Inc. This material is neither an offer to sell nor the solicitation of an offer to buy any security. Such an offer can be made only by prospectus, which has been filed
More informationMondelēz International Palm Oil Action Plan. Contents
Mondelēz International Palm Oil Action Plan Contents 1. MDLZ principles and position for palm oil 2. Supplier engagement 3. Timeline to achieve a physical supply of sustainably sourced palm oil 4. Innovation
More informationDRAFT REPORT. EN United in diversity EN 2011/2068(INI) 10.2.2012. on a resource-efficient Europe (2011/2068(INI))
EUROPEAN PARLIAMT 2009-2014 Committee on the Environment, Public Health and Food Safety 10.2.2012 2011/2068(INI) DRAFT REPORT on a resource-efficient Europe (2011/2068(INI)) Committee on the Environment,
More informationReport of the Alternative Investment Expert Group: Developing European Private Equity
Report of the Alternative Investment Expert Group: Developing European Private Equity Response from The Association of Investment Trust Companies The Association of Investment Trust Companies (AITC) welcomes
More informationTWG 5: GHG Risk Management Conference Call: February 27, 2014 16.00 EST / 22.00 CET
TWG 5: GHG Risk Management Conference Call: February 27, 2014 16.00 EST / 22.00 CET https://www.anymeeting.com/749-145-782 Dial-in: (+1) 213 416 1560 Access Code: 634 7822 Agenda & Materials Welcome and
More informationBIRDLIFE INTERNATIONAL S ASKS FOR UNFCCC COP21
Background BIRDLIFE INTERNATIONAL S ASKS FOR UNFCCC COP21 The climate change talks in Paris (UNFCCC COP21) are the culmination of several years of negotiations towards the adoption of a global climate
More information