world bank mooc 2015 final project - peter shepherd

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  • Global Carbon Disclosure Reporting StandardsPeter ShepherdWorld Bank MOOC, Turn Down the Heat Final ProjectMay 20, 2015

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  • Challenges, Responses + OpportunitiesChallenge: Turn Down the Heat: Why A Four Degree C Warmer World Must Be AvoidedResponses: Changing Behaviour at Individual, Institutional, Corporate and Country LevelOpportunities: Motivators for Behaviour Change

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  • Our Challenge*

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  • Response: Behaviour Change

    Changing Behaviour [Source: http://www.carbontrust.com/our-clients/u/university-of-sheffield-low-carbon-behaviour-change

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  • Ingredients/ Elements/ Factors for Behaviour ChangeAccess to Information (about scope of the problem) and Awareness of Options for ChangeAdvocacy and PersuasionIncentives: Social Pressure, Market Mechanisms and Policy InstrumentsLeadership + Commitment

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  • Varied MechanismsVoluntary Initiatives on part of institutions and corporations: prompted by pressure from investors and ethically oriented consumersLegislative Mandatory Reporting Requirements (examples: Denmark, United Kingdom)

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  • InteractionMandatory + Voluntary

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  • Corporate ReportingAvenues of Reporting

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  • Carbon Disclosure + Reporting: RationalesUse of market-based environmental policy tools and instruments to:Focus on economic incentives as crucial means to reduce carbon emissionsEncourage informed decision making taking energy usage and greenhouse gas emissions in account in business planningManage risks and communicate with stakeholders + wider public

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  • CD + R: OpportunitiesOpportunities for:Setting and pursuing targets for capping and reducing carbon emissionsGiving priority to energy efficiency in the design and development of new projectsIdentifying new opportunities for low carbon business

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  • Carbon Disclosure ProjectCarbon Disclosure Project (CDP): charity based in UK working with corporations and shareholders (institutional investors) to facilitate voluntary disclosure of greenhouse gas emissions of major corporations

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  • How: RankingsCDP: Rankings, Carbon Performance Leadership Index

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  • *How: Carbon Disclosure + Reporting StandardsVoluntary Initiatives:Global Compact (GC)Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises (GME)Global Reporting Initiative (GRI) Global Initiative for Sustainability Ratings (GISR)

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  • Source: http://www.unglobalcompact.org*The Global Compact

    Background and purpose World's largest aspirational corporate citizenship and sustainability initiative

    Development and governance Initiative of United Nations (UN), led by Secretary Generals Office, and supported by seven UN agencies

    Source: http://www.unglobalcompact.org

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  • Global Compact PrinciplesEnvironmentPrinciple 7: Businesses should support a precautionary approach to environmental challenges;Principle 8: undertake initiatives to promote greater environmental responsibility; andPrinciple 9: encourage the development and diffusion of environmentally friendly technologies.Other Principles focus on Human Rights, Labour and Anti-Corruption

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  • *OECD: October 2013; Carbon Phaseout by 2050, Achieve by pricing in order to stay below 2 C targetUnlike the financial crisis, we do not have a 'climate bailout option' up our sleeves, Angel Gurria, Sec Gen OECD

    *Sources: http://insightsblog.oecdcode.org/?p=6089 Angel http://www.bbc.com/news/science-environment-24450438

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    Background and purpose of Guidelines for Multinational Enterprises (GME) OECD is international membership organization of states (34), mainly of developed nations Purpose is to promote economic development Standing stakeholder committees: trade union advisory committee and business and industry advisory committee

    Development and Governance

    GME started in 1976, with latest revision in 2011.Intended for guidance only, though supported by monitoring mechanism Governments that adhere to the guidelines required to establish National Contact Point (NCP) agency

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  • *OECD GME standard

    disclosure human rights employment and industrial relations the environment combating bribery protecting consumer interests science and technology competition taxation

    *it covers disclosure human rights employment and industrial relations the environment combating bribery protecting consumer interests science and technology competition taxation

  • Source: http://www.oecd.org/environment/climate-carbon.htm *

    Source: http://www.oecd.org/environment/climate-carbon.htm

  • *Global Reporting Initiative (GRI)Background & Purpose:aim to be comprehensive & consistent.Development & Governance:Designed with broad multi-stakeholder group First iteration in year 2000, GRI 4 in 2013

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  • *Deliverable: Annual corporate Communications on Progress (COP) report. GRI is recommended over the Global Compact for greater assurance, though GC useful to get initial buy-in, especially in developing countries.

    *Annual corporate Communications on Progress (COP) report. GRI is recommended over the Global Compact for greater assurance, though GC useful to get initial buy-in, especially in developing countries.

  • Source: *http://www.wri.org/sites/default/files/pdf/ghgp_launch_factsheet_2011.pdf

    *CERES conclusion, GRI & similar standardsCeres compared GRI and other standards effectiveness at implementing human rights, including to a carbon budget as described by IPPC, IEA, World Bank, OECD & IMF.One large shortfall of existing broad standards is failure to understand & recognize physical limits of carbon cycle & equity issues involved.GRI & Carbon Disclosure Project (CDP) hide systemic effect of emissions under Scope 3: Product Life Cycle section that are not deemed sufficiently material or mandatory to report downstream effects.GRI doesnt sufficiently recognize Principle 7 of 1992 Rio Declaration, Common But Differentiated Responsibilities.CERES, GRIs parent NGO takes corrective action, and founds the Global Initiative for Sustainability Ratings, (GISR).

    Source: *http://www.wri.org/sites/default/files/pdf/ghgp_launch_factsheet_2011.pdf

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  • http://ratesustainability.org/the-gsir-ratings-standard-an-overview/*

    http://ratesustainability.org/the-gsir-ratings-standard-an-overview/*

  • *GISR Principles Issued

    *GISR Principles Issued

  • Source: http://ratesustainability.org/standards/principles/#form*The 12 Principles: Five Process, Seven Content TransparencyImpartiality Continuous ImprovementInclusivenessAssurabilityMaterialityComprehensivenessSustainability Context - science-based thresholds, ecological limitsLong-Term HorizonValue Chain wherever firm has significant influence BalanceComparability

    Source: http://ratesustainability.org/standards/principles/#form

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  • http://ratesustainability.org/wp-content/uploads/2013/10/GISR-Principles-Map.pdf*Sustainability Principles Comparative Rating:Snapshot of GISR among Precursor Standards

    http://ratesustainability.org/wp-content/uploads/2013/10/GISR-Principles-Map.pdf

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  • Continuing ChallengesAddressing + Remedying Carbon Chasm

    * http://www.sustainablebrands.com/news_and_views/new-metrics/CDP-leadership-indexes-role-scientific-targets

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    *Sources: http://insightsblog.oecdcode.org/?p=6089 Angel http://www.bbc.com/news/science-environment-24450438*

    *it covers disclosure human rights employment and industrial relations the environment combating bribery protecting consumer interests science and technology competition taxation*

    *Annual corporate Communications on Progress (COP) report. GRI is recommended over the Global Compact for greater assurance, though GC useful to get initial buy-in, especially in developing countries.*

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    *GISR Principles Issued *

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