Standards, Disclosures, & Initiatives
[IN PROGRESS] Standards, Disclosures, and Initiatives are a group of tools that are used for companies to strengthen their sustainability goals.
Carbon Neutral Protocol
“The Protocol is revised and updated annually to reflect developments in climate science, international policy, standards and business practice. It is an open source standard and guide developed for business by business that draws together leading independent standards for greenhouse gas accounting into a practical guide to carbon neutrality.”
CDP
“CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action.”
Climate Neutral Certified Standard
“Measuring carbon emissions is important - but it is only a first step. Our priority is to get companies to focus on what comes next: using the insights from carbon measurement to take measurable actions. Our label is a symbol of companies that work actively to decarbonize across their entire business - value chain and beyond.”
GRI (Global Reporting Initiative)
“GRI have developed and delivered the global best practice for how organizations communicate and demonstrate accountability for their impacts on the environment, economy and people.
We provide the world's most widely used sustainability reporting standards, which cover topics that range from biodiversity to tax, waste to emissions, diversity and equality to health and safety. As such, GRI reporting is the enabler for transparency and dialogue between companies and their stakeholders. ”
IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
"prescribes how companies prepare and report their sustainability-related financial disclosures. IFRS S1 sets out the general requirements for a company to disclose information about its sustainability related risks and opportunities that is useful to users in making decisions relating to providing resources to the company.”​
IFRS S2 Climate Related Disclosures
“The objective of IFRS S2 is to require an entity to disclose information about its climate-related risks and opportunities that is useful to users of general purpose financial reports in making decisions relating to providing resources to the entity.”
SASB (Sustainability Accounting Standards Board)
“enable organisations to provide industry-based disclosures about sustainability-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, access to finance or cost of capital over the short, medium or long term.”
SBTi (Science Based Targets initiative)
“provide a clearly-defined pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change and future-proof business growth. Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.”
TCFD
​“The Financial Stability Board (FSB) created the TCFD to develop recommendations on the types of information that companies should disclose to support investors, lenders, and insurance underwriters in appropriately assessing and pricing a specific set of risks—risks related to climate change.”
TBD
COMING