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Schneider Electric’s Path to Scope 3 Decarbonization
To meet their climate targets, global corporations must reduce CO2 from their supply chain in particular, which can account for up to 90% of their total emissions. The problem: they cannot reduce these Scope 3 emissions themselves, but instead have to enable their suppliers to do so. This collaboration requires, above all, holistic data on the climate performance of suppliers, which does not yet exist.
How does a global enterprise such as Schneider Electric deal with this challenge? This is what we learned at the the CHOICE Event #47 from Kanishk Negi, Sustainable Procurement Director at Schneider Electric. Here you will find the most important insights from his presentation.
Schneider Electric’s corporate sustainability strategy
Schneider Electric SE, the multinational leader in the digital transformation of energy management and automation, is aiming to accelerate sustainable progress for its customers, employees, partners and communities everywhere. For this purpose, the organization has set six long-term commitments:
- Act for a climate positive world
- Be efficient with resources
- Live up to our Principles of trust
- Create equal opportunities
- Harness the power of all generations
- Empower local communities
To ensure compliance, Schneider Electric has committed to achieving 12 measurable goals by 2025.
The particular importance of procurement is reflected in the fact that one-third of these targets depend mainly on Schneider Electric’s supply chain (marked with a blue arrow in the graphic). Of these four procurement-dependent commitments, let’s now take a closer look at how Schneider Electric is trying to reduce the CO2 emissions of its top 1,000 suppliers by 50%.
The challenges of Scope 3 decarbonization
Decarbonizing Scope 3, or supply chain emissions, is a complicated and challenging undertaking. This is especially true for a large and diversified company like Schneider Electric. The multinational organization employs more than 128,000 people in 115 different countries. Its procurement spend last year was over 14 billion euros. Because of its well-balanced global presence, Schneider Electric’s suppliers come from all parts of the world. Managing this global supply chain effectively is therefore a particularly complex task.
In addition, when Schneider Electric began looking at the climate maturity of its top 1,000 suppliers, further challenges came to light. As it turned out, 70% of these companies were actually new to the idea of decarbonization. This means that they had never calculated or quantified their carbon footprint and were not aware of the difference between Scope 1, 2 and 3 emissions. Furthermore, two-thirds of the suppliers requested were found to be small and medium-sized enterprises. This added another nuance to the challenge, as smaller companies have only limited capacities and competencies when it comes to topics like sustainability and decarbonization. Accordingly, many suppliers initially took particular notice of the high cost factor involved in implementing climate protection measures.
Solving the problem: The Zero Carbon Project
After gathering all these insights and gaining a holistic understanding of the challenges, Schneider Electric launched a comprehensive support program in April 2021 and named it “The Zero Carbon Project”. Under the program, Schneider provides tools and resources in order to help suppliers set and achieve their climate targets. The suppliers participating in the program were first encouraged to quantify their CO2 emissions using the company’s digital tools. This data was then used to set goals and strategies for emissions reduction.
In order to provide suppliers with comprehensive support for climate actions, Schneider Electric has established a wide range of offerings. So far, more than 130 live training sessions on CO2 calculation and decarbonization measures took place. In addition, Schneider Electric has provided its suppliers with various digital tools on its web portal. Among other things, they can use these for a digital emissions calculation as well as for best practice exchange with peers and partners to access other innovative solutions for decarbonization. The consultation is supported by specialized experts and is also adapted to the different geographical characteristics.
The results of all these intensive engagements have already been promising. 1,016 active suppliers are currently participating in the program and are being engaged in decarbonization measures. 90% of those suppliers have now calculated their CO2e footprint. In addition, the participating suppliers have already reported around 8% reduction in their CO2e emissions.
Streamlining Scope 3 decarbonization with digital tools
Schneider Electric’s pioneering efforts show that, despite today’s challenges, it is actually possible to successfully engage suppliers in decarbonizing the supply chain. Nevertheless, as it stands today, companies can only accomplish this extremely complex task with a great deal of effort, which is why digital tools are now more crucial than ever in order to streamline the process of collaborating with suppliers.
One such tool is our Climate Intelligence Platform. The end-to-end Software as a Service platform helps enterprises to capture and manage comparable climate-related performance data and information from their suppliers. Via the secure IT platform, suppliers can easily report their climate data and obtain benchmarks, year-to-year comparisons as well as action-oriented potential and concrete decarbonization measures. Thereby, suppliers and customers can work together in a transparent manner to actively pursue climate goals.
For more information on the benefits of the Climate Intelligence Platform for Scope 3 decarbonization:
The Domino Effect of Scope 3 Emissions
Today, many companies are already regularly calculating their direct corporate CO₂ emissions. But it is not yet known that there is a big potential behind these emissions. Emissions from the value chain in Scope 3 can have a big leverage effect on a company’s reduction potential. However, according to recent insights about the carbon maturity of companies only 10% of large companies have reduction targets for their Scope 3 emissions and only 2% of medium-sized companies. Let’s have a look at this hidden leverage effect!
WHAT ARE SCOPE 3 EMISSIONS?
The Greenhouse Gas (GHG) Protocol divides GHG emissions into Scope 1, 2 and 3. Scope 1 emissions come from sources that are owned or controlled by a company and include direct emissions generated e.g. by buildings and its own mobility. Emissions from Scope 2 are indirect and include purchased energy, steam, and heating/cooling. Scope 3 includes only indirect emissions that are generated in 15 distinct reporting categories along the supply chain. The 15 categories provide companies with a systematic framework to measure, manage, and reduce emissions across the entire corporate value chain.
This is why the consideration of Scope 3 emissions proves to be particularly important, as they typically account for up to 90% or more of a company’s total emissions.
WHERE DO SCOPE 3 EMISSIONS OCCUR
The GHG Protocol identified 15 categories of Scope 3 emissions, from upstream to downstream activities:
3.1 Purchased goods and services
3.2 Capital goods
3.3 Fuel- and energy related activities (not included in scope 1 or scope 2)
3.4 Upstream transportation and distribution
3.5 Waste generated in operations
3.6 Business travel
3.7 Employee commuting
3.8 Upstream leased assets
3.9 Downstream transportation and distribution
3.10 Processing of sold products
3.11 Use of sold products
3.12 End-of-life treatment of sold products
3.13 Downstream leased assets
For many companies, the first category (Scope 3.1) contributes a major part to their GHG inventory. It covers upstream emissions from the production of purchased goods and services, which includes emissions generated from processing and transporting them along the supply chain – up to tier 1 (direct) suppliers.
BUILDING SCOPE 3 INVENTORY FOR THE ENTIRE SUPPLY CHAIN
Scope 3 data is often missing as suppliers are often not yet climate ready and cannot provide the necessary data. Primary data from the supply chain is therefore missing and companies work with average data. This data does not help to identify issues in the supply chain or to improve the efforts of existing suppliers. Moreover, the sole focus on CO₂ as leading KPI is misleading, as it is a so-called lagging KPI, which is backwards oriented.
In order to make assumptions about future risks and opportunities, it is necessary to use leading KPIs that allow to manage upcoming challenges. Therefore a holistic climate management is needed in the supply chain. This includes using a set of indicators in the areas: climate governance, strategy, risks, metrics and decarbonization actions.
GETTING SUPPLIERS ON BOARD
Collecting this climate-relevant data from suppliers can be a major undertaking, and often presents the biggest challenges to conducting a Scope 3 Decarbonization Strategy.
Especially small and medium sized enterprises are not “climate ready” yet, i.e. they cannot provide the needed climate-relevant data to business partners and third parties. Software solutions such as our Climate Intelligence Platform help companies to get their suppliers on board, align around their climate strategy and gain the necessary primary data in a structured and comparable way.
5 STEPS FOR SUCCESSFUL SUPPLIER ENGAGEMENT
There are five key steps that support companies in working with suppliers along the supply chain on a joined decarbonization strategy. Those are:
1. Announce the program to the supply chain before sending any survey forms
2. Provide a training or information session on the data collection methodology
3. Check-in periodically with suppliers regarding their progress on completing the survey
4. Provide benefits such as shared data, benchmarks and incentives for all participating suppliers
5. Assess data quality and share the results, best practices and next steps with all participating parties to allows for a joint decarbonisation strategy and improvements
90% of a company’s emissions originate in the supply chain. Getting your suppliers on board of your climate transformation therefore has a major leverage effect of your decarbonization measures. To access climate relevant data from your suppliers, frequent and clear communication with suppliers, reciprocal feedback on the process and structured, comparable data management is key.
Our Climate Intelligence Platform can help you with getting your suppliers on board. You can invite your suppliers to be part of the solution, capture their holistic climate management profile via Climate Performance Assessments, which can be shared securely and comparably on the Climate Intelligence Platform.
Decarbonizing the Telco Sector – Game Changer for Climate Transformation
The Climate Performance of the telco sector is more relevant than ever. With the increased demand for digital communication, streaming and data storage the telco industry plays a relevant part in the digitalization – and its global climate impact. Telco companies must reduce their own emissions, and have on top the potential to become an decarbonization enabler for other industries.
CHOICE Event #45 set Light on Decarbonization in Telco Sector
In the CHOICE Event #45 Roman Friedrich, Managing Director and Partner at the Boston Consulting Group, shared his view on the upcoming climate risks and potentials of the industry. As well as how the Telco sector can lead climate transformation. Find the most important insights in the following.
Climate Impact of Telco Sector today – and in the future
Today, the telco industry accounts for 3-4% of global CO2 emissions, which is about twice that of civil aviation. With global data traffic expected to increase around 60% each year, the ICT industry could be responsible for up to 14% of global carbon emissions by 2040. This means that the telco industry is a huge lever for decarbonization and an opportunity for real change within economy.
Telco Companies can Become Enablers
Did you know that every regular email creates 4g CO2? ..as it triggers energy consumption across interlinked ICT components.
To be clear: Climate Transformation always starts with reducing the own corporate emissions first. For telco companies – as well as many other industries – this foremost means using renewable energy. Data centres, cloud solutions and communication networks need to run on 100% renewable energy. Investments must also be made in the construction of new plants and more efficient infrastructure.
But it does not stop here. In addition, telcos have the opportunity to help other industries become more energy efficient. By offering smart climate solutions, telcos enable other industries to reduce emissions on a far greater scale than their own emissions. By factor 10 potentially. For example by replacing physical carbon heavy products and activities with virtual low carbon equivalents. The four dimensions: Costumer Enablement, Circularity, CO2 intensity and Sustainability Commitment are major factors for the telcos climate performances. Activating all four dimensions hold the potential to decrease costs and risk, while increasing business opportunities. In B2B and B2C – as the market shows an urgent request for positive climate impact. Consumers are willing to pay 10% more for sustainable products and shareholders are more likely to invest in companies driving climate transformation successfully .
Making Climate Performance a Strategic Priority
Many telco companies already act on this opportunity. Future-oriented businesses understand the potential behind climate-compatible operations. Telco operators, as relevant segment within ICT, have within the last five years constantly increased their commitments to reduce emissions along Scope 1-3. Thereby, most of their emissions are created in the supply chain. Mainly through “Use of sold Products” (Scope 3: Category 11) and “Purchased Goods and Services” (Scope 3: Category 1).
Climate-compatible operating therefore requires to aligning organizational goals with those of a low carbon economy. And especially to engage with suppliers to drive decarbonization. This implies a shift in mind set. Away from perceiving climate-compatible purchasing as a cost-driving factor, towards using it as enabling factor to drive innovation, risk reduction and climate impact.
Climate Pioneers set Examples for Supplier Engagement
Focusing on Supply Chain Decarbonization, THE CLIMATE CHOICE supports industry leaders and their suppliers to collaborate on the Scope 3 Challenge.
Learning together with Industry Leaders
To drive meaningful climate actions, a standardized data collection is necessary. In order to decarbonize their supply chain, companies need a comprehensive overview of the climate performance of their most relevant suppliers. Doing so, information along the five dimensions: Climate Governance, Strategy, Risks & Transparency, Metrics & Targets and Decarbonization Measures are essential. As part of a partner program together with O2 Telefónica, THE CLIMATE CHOICE was able to provide with its Climate Intelligence Platform a structured and scalable system to obtain, streamline and mange climate-related supplier data. Find more insights on this specific case study here.
Whats are the essential steps for supply chain engagement on decarbonization?
1. Data Analysis
Via a centralized software platform, THE CLIMATE CHOICE enables to gather climate-relevant data in high quality from numerous suppliers. This builds the data foundation to identify the relevant levers within a company’s own supply chain.
2. Supplier Engagement
Decarbonization is no one-way street! It needs collaboration and full transparency. In the Climate Intelligence Platform suppliers receive individual reports in form of a Climate Scorecard, benchmarks on risks and opportunities as well as concrete suggestions for improvements. Sharing these results with suppliers is essential to share the advantages of a successful climate transformation with all stakeholders.
The collected primary supplier data serves as baseline for the ongoing decarbonization journey. It helps to translate ambitious climate targets into individual reduction roadmaps and climate actions. Moreover, it allows to track the effectiveness and success of different measures over time.
Conclusion: Telco companies anticipate change. They put in place meaningful strategies and work on increasing their climate performance across supply chains. Moreover, they can save costs and win new customers by truly focusing on sustainability. It’s time to lead the market as Climate Champion and strive towards a low carbon economy together.
You are interest in supplier engagement for decarbonization and want to know more about how to collect primary supplier data? We invite you to book right away a demo with us!
SMEs are getting Climate Ready – How to succeed in the race to zero!
Small and medium enterprises (SMEs) play a major role in the national economic development in countries worldwide. Globally, they account for about 90% of all companies, 50% of employment and a significant impact on supply chain performances.
Like companies of all sizes, also SMEs are facing several challenges today. Global supply chains struggle, long term planning is difficult and upcoming climate regulations impose new guidelines on businesses. SMEs often lack resources and capabilities to deal with the fast changing circumstances.
Find in the following how the freshly launched Climate Readiness Check supports companies to move towards climate transformation.
SMEs becoming Climate Champions
SMEs play a key role in achieving the 1.5 degree target. Not only as they are key economic players, but also as they are essential to any global supply chain. This is important, as emissions from supply chains are typically 11.4 times higher than direct corporate emissions. Many large companies therefore channel their climate protection requirements along the supply chain to their suppliers, often SMEs.
This means whole businesses have to transform the way they create value! Every company needs to become a Climate Champion, contributing to a climate compatible and future-oriented economy. Customer inquiries and international climate reporting standards are increasingly demanding effective action. Climate action is thus one of the top priorities for SMEs today.
However, many SMEs still lack the necessary resources to get into the various aspects of climate transformation and to create a concrete roadmap based on this. The question is: How can SMEs manage their climate performance, prepare for climate-related risks and position themselves as reliable leaders for decarbonization within supply chains?
Go beyond Offsetting, manage your Climate Performance
It all starts with understanding the actual climate performance of a company. Which goes way beyond measuring CO2 and offsetting it. International disclosure guidelines, such as TCFD, ask companies to assess, manage and report their climate performance holistically. The most essential five dimensions are: governance, strategy, transparency, KPIs & metrics and decarbonisation actions.
However, collecting the relevant data within a company can be challenging, especially for SMEs. Lacking time, tools and know-how makes it difficult to gather, streamline and manage the needed information.
Taking first steps towards Net Zero
In the last few years, we have witnessed the need for an easy start into the climate transformation journey. Many companies, especially SMEs, approached us with the questions how to set up priorities, identify most needed actions and start improving over time.
“For a holistic change towards a sustainable economy, tools are needed that provide SMEs with an initial orientation on how they can transform their business in a climate-compatible way. For this challenge, THE CLIMATE CHOICE has developed a practical solution. The Climate Readiness Check is an accessible tool for SMEs that enables a new push in the strategic pursuit of climate targets in SMEs.”Phoebe Köster, Climate Policy Manager at Bundesverband Nachhaltige Wirtschaft e.V.
This is why we are happy to release today our digital and free Climate Readiness Check! Which we launch in partnership with 10 leading sustainability organizations, including B.A.U.M. e.V., Bundesverband Nachhaltige Wirtschaft e.V. (BNW), Fairantwortung e.V., Foundation Development and Climate Alliance, Jaro Institute for Sustainability and Digitalization e.V., the German Association for Small and Medium-sized Enterprises (DMB) and Zentrum für Nachhaltige Unternehmensführung (ZNU).
“Climate friendliness is increasingly becoming a competitive advantage for small and medium-sized enterprises (SMEs). On the way to climate-neutral operation, the Climate Readiness Check is a useful and low-threshold aid.”Steffen Kawohl, Transition Manager at Deutscher Mittelstands-Bund e.V.
The Climate Readiness Check offers companies of all sizes an easy entry point into their climate transformation: through insights into their own climate maturity, suggestions for improvement and a basic access to the climate intelligence platform.
Get started with your free 5-minute Climate Readiness Check
The free Climate Readiness Check helps to overcome the initial barriers of Climate Transformation and to take the first step towards climate action. The software-driven climate self-test is manageable in 5 minutes and guides through the most relevant indicators of a company’s climate maturity.
Here is how the Climate Readiness Check empowers companies.
1. Be ahead of Climate Regulation
Completing the Climate Readiness Check will grant insights, which help companies taking first steps towards climate disclosure requirements.
2. Discover Quick Wins
Assessing the climate maturity of a company, the Climate Readiness Check proposes relevant areas for improvement and suggests immediate actions.
3. Access to Climate Platform
Successfully completing the Climate Readiness Check grants access to the Climate Intelligence Platform, where companies can discover like-minded businesses.
Climate Ready, Steady, Go!
“Climate Transformation is a goal we can only achieve together. Our free Climate Readiness Check gives first insights on a company’s individual climate maturity and allows access to the Climate Intelligence Platform, where companies can connect with other companies on their path to zero. We are excited to support businesses of all sizes to take first steps towards a low-carbon economy together.”Lara Obst, Founder & Climate Officer at THE CLIMATE CHOICE.
You want to start your free Climate Readiness Check? Congrats, start now your climate transformation journey here!
Supply Chain Decarbonization – Why primary data is key for action
Companies only achieve their climate targets, when suppliers align with their climate strategy. This is why leading businesses collect primary climate data from their supply chains and establish collaborative supplier networks for decarbonization.
Future-oriented companies see the urgency to act. The world wants them to do. More and more companies are accused of acting superficially as “climate neutral”. Therefore companies do not only need to set climate targets, but need to develop clear actions and measures that find their way into business processes. Procurement plays a major part here as up to 90% of a company’s emissions come from the supply chain. Climate compatible supply chains are the most important lever for a company to reduce emissions.
In our CHOICE Event #43, Maximilian Droste from amc Group and Yasha Tarani from The Climate Choice shared insights on how procurement leaders can speed up the decarbonization process of the supply chain by collecting validated data on the overall climate performance of suppliers. Find the most important insights in the following.
The new role of procurement in climate strategies
First of all: The role of procurement is shifting – becoming a climate champion means anchoring climate targets and carbon reduction measures into procurement processes. Scope 3 emissions, those emerging along the supply chain, account for up to 90% of a company’s total carbon emissions. Hence, a company will reduce emission on a far greater scale, if it gets all relevant suppliers on board with their own climate strategy. Establishing a functional supplier engagement program, which allows for cooperation on climate measures, is needed.
Obtaining reliable primary data as baseline for collaboration
Companies need to understand: How are my suppliers managing their transition towards a low carbon economy? Do they set climate targets, do they alig with our climate strategy and which data can they already report?
To answer these questions, a set of multi dimensional climate-related data is required. A company needs to have a comprehensive understanding of the climate performance of its most relevant suppliers. This allows to identify the main levers for decarbonization along the supply chain and work towards meaningful actions.
In order to establish a climate-relevant primary data foundation, companies must set up a scalable and consistent process for collecting comparable, high quality supplier data. This goes beyond gathering carbon footprints, since emission data itself is not sufficient enough as baseline for transformation processes. Tackling climate transformation additionally requires forward-looking metrics and indicators in order to assess the supplier’s climate risks and transition opportunities.
Empowering supplier collaboration on supply chain decarbonization
In order to put these processes into action, it is important to have a clear value propositions for both, suppliers and buyers. This means, that all involved parties need to benefit from the opportunities and advantages of measuring climate-revenant data and developing carbon reduction measures together. While buyers gain audit-quality primary data from their supply chain, suppliers obtain forecasts of individual climate risks, benchmarks and suggestions for improvements.
4 Steps for collaborative Supply Chain Decarbonization
Today we see that Supply Chain Decarbonization is not a cost driver for companies, but is a perfect justifiable investments in the future viability of a business! In the following, you find the most relevant steps to tackle collaborative decarbonization.
1. Materiality of top suppliers
Starting small is best to test is the most efficient way going forward, before rolling out new processes. Conduct a materiality analysis of suppliers and commodity groups to identify the 5 – 10 most relevant suppliers in terms of decarbonation effects. This helps companies to prioritize the most relevant reduction levers along the supply chain.
2. Climate Performance Assessment
Have a structured and data-based analysis of the current climate performance of the top 5 suppliers, based on the Climate Performance Assessment.
The assessment software tool is aligned with internationally recognized disclosure frameworks and thereby covers all relevant dimensions of climate performance, such as Governance, Strategy, Transparency, Metrics & KPIs and Decarbonization Measures.
3. Measures for CO2 reduction
As part of joint one-day workshops with the top suppliers, companies can evaluate and discuss the findings for each supplier and develop concrete supplier-specific measures to reduce CO2. amc group provides support throughout this process and accompanies the entire implementation of the workshops as well as preparation and follow-ups.
Reviewing and optimization
Finally, review. This step is often underestimated, but inherently important in order to achieve effective change. Without feedback loops, suppliers and companies cannot revise measures, so that new processes can not add much value.
Conclusion: Decarbonization is a purchasing issue! Take the opportunity to proactively shape climate transformation form within purchasing. In order to achieve real change, companies and suppliers collaborate to transform supply chain processes and move towards a low carbon economy together!
You are interest in supplier collaboration and want to know more about how to collect primary supplier data? We invite you to book a demo with us.
CO2 Reduction through Energy Management – Best Practices of enretec
Interview partner: Michael Blöcher is Head of Quality and Environmental Management & Regulatory Affairs at enretec, the ecological specialist disposal company for medical waste. The company has already been able to achieve several steps on its Climate Transformation journey.
Together with THE CLIMATE CHOICE, enretec has conducted the Climate Performance Assessment and is now part of the Climate Intelligence Platform, which enables companies to collect climate-focused data from their suppliers and to improve collaboration along the supply chain for successful decarbonization. In an interview with THE CLIMATE CHOICE, Michael Blöcher talks about which Best Practices for Climate Transformation. The company shares insights about the steps they anticipate to inspire other companies as climate pioneers in the industry.
Our company was spun off from a predecessor company in 2000. Since then we aimed to position ourselves as specialist in the disposal of residual materials from medical practices. From the beginning on, enretec was able to draw on experience that had been continuously built up. Today, enretec GmbH sees itself as trustworthy partner for its customers in an increasingly complex environment. We operate one of the most modern facilities for the storage, treatment and recycling of medical residues and waste in Brandenburg. As waste management company since 2002, we are certified according to DIN EN ISO 9001:2015 (quality management) and DIN EN ISO 14001:2015 (environmental management). Since 2005, we are registered as an EMAS-certified company in the EMAS register of the Potsdam Chamber of Industry and Commerce. Our more than 30 employees serve our customers all over Germany and the neighboring countries.
Our enretec mission: We, enretec GmbH, as a leading German waste management company in the dental, human and veterinary sectors, want to set standards together with our customers in the customer-friendly and ecological disposal of hazardous and non-hazardous waste.
Driven by the continuous improvement process within the scope of our certifications, we were able to realize considerable savings. Through various measures along all ecological parameters, we already achieved several steps of climate transformation in recent years. For example, in 2020 the absolute CO2 emissions from gas, electricity and diesel consumption of enretec GmbH were approximately 53% below the comparative value of 2015. Also, it marked the absolute lowest value since the introduction of the EMAS certification of our company in 2005. For 2020, we prepared a verified and certified greenhouse gas report for the entire company according to DIN EN ISO 14064 for the first time. We compensated the greenhouse gas emissions by retiring emission reduction certificates, and we will do this annually in the future.
This is where the biggest climate-related challenges for our company already become apparent. How can we become even more climate-friendly in our work, directly on site and without offsetting? For example, how can we modernize our vehicle fleet in the upcoming years, so that we can significantly reduce emissions from fuel? And how can we support our employees in minimizing greenhouse gas emissions during their regular ways to work? How can we help our employees to become even more climate-friendly?
Even though we have already achieved quite something, we are sure we can do even more! There are so many exciting developments in the complex topic of climate neutrality. And there will also be some very good approaches for our company. But where exactly do we stand, what are the Best Practice examples and how should we prioritize them? In day-to-day business, an SME lacks the resources to familiarize itself comprehensively with these issues. Here, the Climate Performance Assessment has efficiently given us a very good orientation. We definitely will incorporate the insights into our further work.
Two key lessons: Even with great successes in the past, there is still a very large number of different opportunities. And as we move forward: We will increasingly use the potential that lies within the area of employee engagement.
What really every company can do is to implement energy management, whether certified or not. For example, there are still large commercial electricity consumers in Germany that have only one meter in the company. This is often located somewhere at the entrance to the site at the transfer point to the public grid. How is climate protection by reducing electricity consumption supposed to work under these circumstances?
Otherwise, we are only at the beginning of evaluating the various role models, so we do not yet want to make a recommendation for one or the other. But what is Best Practice in any case: We have talked enough about climate protection, let’s get started!
Do you also want to get a better overview of your company’s climate-related opportunities and risks? Then sign up with us and request information on the Climate Performance Assessment.
Image source: Unsplash
Getting my Suppliers on Board – 5 Steps for Successful Supplier Collaboration
Achieving climate targets is a challenge that we can only meet together. This is especially true for companies, as up to 90% of their emissions typically originate in the supply chain. So now, more than anything, it’s a matter of establishing a successful supplier collaboration to achieve common climate targets.
By including suppliers in their sustainability strategy, companies can reduce emissions on a much larger scale across the value chain, rather than just internally. It also means they can make their supply chain more resilient by overcoming climate-related risks and building trusted relationships. Accordingly, more and more companies are asking themselves: How can we get all our suppliers on board and build a successful collaboration on decarbonization measures with them?
In the following section, we present 5 key steps for building strong business partnerships and an effective supplier collaboration network.
5 Steps for Supplier Collaboration:
1. Be Transparent and Measure Data
Which of your suppliers have already set climate targets? Which are already at an advanced stage of implementation? And which still need support? For successful supplier collaboration, a company must first answer all these questions and build a fundamental understanding of the climate maturity of its suppliers. Only then can it know where exactly its emissions come from along the supply chain.
In order to achieve this understanding, companies must first set up a consistent and scalable process for collecting comparable data on suppliers’ holistic climate maturity. To ensure comparability and quality standards, the data collected should be aligned with international climate reporting frameworks and cover the areas: governance, strategy, risk, metrics & KPIs. Data-driven tools like the Climate Performance Assessment help to obtain and manage these primary data points.
2. Ensure Supplier Commitment
In order to engage all suppliers in your climate transformation journey, they need to be able to trust the data collection process and understand how they benefit from the joint climate efforts. It is the company’s responsibility to communicate the importance of the collaboration and the associated opportunities for suppliers.
Working with suppliers means creating a “shared value” that will drive and motivate the supplier to align with climate targets. Establish a two-way communication flow, where expectations as well as concerns can be communicated on both sides. Make sure to explain how you will use their data, emphasizing that the participation will be the foundation for an enhanced collaboration in the future.
Important to note: Do not miss to transparently communicate where you stand yourself and only set appropriate expectations from your suppliers accordingly.
3. Set Up Climate Data Management
After collecting the required data, a decisive factor is how to process and manage it. Firstly, make sure that the data is accessible to all participating suppliers – because collaboration for decarbonization is not a one-way street, but a joint collaborative journey with mutual benefits and learnings.
Secondly, the data must be analyzed accordingly in order to uncover risk areas as well as opportunities for climate action. The insights will only support a successful climate transformation if they lead to appropriate conclusions and subsequent actions.
4. Invest in Supplier Relationships
With this essential data-foundation, engagement and collaboration for decarbonization can begin. However, this cooperation can only work if it is built on a long-term relationship based on trust. Simply dictating guidelines does not work. Instead, there must be a mutually beneficial exchange that helps both the company and the supplier achieve their climate targets.
This is why now it’s time to: invest! To improve the supply chain’s climate performance, the company must seek to understand what suppliers need for this end. Investing in supplier relationships therefore means to collaborate on solutions that fit the interest of all stakeholders. By collaborating in forecasting, planning and capacity management, businesses can enable their key suppliers to redesign their processes and work more efficiently, which will immediately benefit the company and optimize its value chain.
5. Monitor and Optimize Continuously
Joint work on climate actions along the supply chain is never complete. Once you have successfully launched the supplier collaboration, it is now a matter of continuously monitoring the ongoing actions. In this way, successes can be made visible and measurable. Furthermore, this enables you to adapt processes and further develop measures if necessary.
It is helpful to use supply chain goals as a starting point and regularly measure upstream and downstream environmental impacts along the supply chain to see how effective various measures are. Also make sure that you constantly increase the goals in order to further challenge and motivate yourself and the suppliers
Challenges of Supplier Collaboration
Nevertheless, there are several factors that make supplier collaboration a challenge for many businesses. Working together with suppliers and investing in long-term and strong partnerships requires time and effort for businesses and a fundamentally different mindset on buying processes. In addition, many companies still lack the resources and tools to collect and manage climate-related data from their suppliers. They struggle to identify the carbon hotspots along their supply chains.
In order to make supplier collaboration easier for companies, we have established the Climate Data Platform. It enables businesses to streamline and manage climate-focused data from their suppliers and to improve collaboration along the supply chain for efficient decarbonization.
You want to know more about our data-based software tool for supplier collaboration? Book a demo today and learn how to empower your suppliers to set up a structured climate management approach and to successfully support suppliers in their climate transformation efforts.
Milestones in Climate Reporting – New CSRD Proposal finalized
For months the European Parliament and the EU Council have been negotiating, and now they have been finalized: the CSRD. These new rules for sustainability disclosures will tens of thousands of companies have to publish in the future.
The new proposal released at the end of June 2022 addresses shortcomings in the existing rules on disclosure of non-financial information. The existing regulation has formerly been considered insufficient to be properly taken into account by investors. But there is hope on the horizon! The new CSRD takes climate reporting to a historic new level. Find out the most relevant insights on the new CSRD proposal:
1. Introduced more detailed reporting requirements
Transparency is key. The CSRD makes sustainability-related information about companies more readily available, of higher quality and more comparable. Large companies are obligated to report on social and environmental issues, human rights as well as governmental factors. The disclosures must now be externally audited and made in a separate section of the annual report.
2. Over 50,000 companies in Europe soon to be affected by CSRD
Affected are large companies with over 500 employees that are already subject to the Non Financial Reporting Directive (NFRD). They will first have to prepare the reports for the 2024 financial year and publish them in 2025. Additionally, all other large companies will be required to report one year later. Finally, capital market-oriented SMEs will be included from the 2026 financial year.
From which points in time does the CSRD apply to companies?
- 2024 for companies already subject to the non-financial reporting directive
- 2025 for large companies that are not presently subject to the non-financial reporting directive
- 2026 for listed SMEs, small and non-complex credit institutions and captive insurance undertakings
Furthermore, non-European companies, which are generating a net turnover of €150 million in the EU and are having at least one subsidiary or branch in the EU, are required to report on their ESG impacts.
3. CSRD aligned with global reporting standards
The new CSRD guidelines will require companies to report in line with mandatory EU sustainability reporting standards. For example: the suggestions of the TCFD as well as the EU Taxonomy and the existing NFRD.
The reporting will need to cover:
- The Greenhouse Gas Protocol – disclosing their Scope 1, 2, and 3 emissions.
- The 6 environment impact criteria – disclosing how they substantially contribute to the environmental goals of the EU Taxonomy while not damaging one of them:
- Climate change mitigation
- Climate change adaptation
- Water and marine resources
- Circular economy
- Biodiversity & ecosystems
- Existing ESG-Standards such as the GRI – disclosing their social and environmental impact as well as governance
- Responsible Business Guidelines (OECD) – disclosing the entire impact along the value chain
CSRD – Economy’s game changer
The European milestone in setting international standards for sustainability reporting shows: In the future, every company worldwide will have to disclose its climate impact. This will help investors to reorient capital flows towards sustainable investment and manage financial risks stemming from climate change and improve transparency.
This is a great opportunity, guidance and motivation for effective climate action. It enables companies to position themselves as pioneers and to empower business partners along the way.
You want to learn more on how to prepare best for CSRD, in order to seize the opportunity now to drive forward climate transformation? Access the Whitepaper on CSRD here to get more insights.
You want to drive climate transformation in your organization today? Find out more about the free CLIMATE Readiness Check here and take the first steps towards a low carbon economy!
My tech-life at The Climate Choice
We live in the digital era. Information technology is a massive driving force for modern day business operations. It is also now that time-critical climate policies and decisions are being undertaken globally. Not surprisingly, there is a clear upsurge of technology driven climate solutions in today’s markets – several of them being start-ups. What is life like as a tech person at one such start-up?
For an IT professional in 2022, today is always the best day for better career opportunities. Then again, what defines a ‘better career opportunity’ is highly subjective. As a personal choice, I would prioritize a healthy work environment where I can grow at my own pace, over and above everything else. And that is exactly what was promised to me when I started working as a software developer at The Climate Choice. Half a year down the road, I find myself in a happy space, surrounded by like-minded people, in what is undeniably the most positive work environment I’ve been part of so far.
Our Working Environment and Team Spirit
Life at TCC is quite different from any other workplace I have had. Even though we all are hired into specific roles, we find the time and opportunity to know about each other’s work updates – be it from any department. We work (mostly) remotely but make a conscious effort to stay connected via virtual no-agenda meetings or informal team gatherings. All of us share a sense of collective achievement in anything positive that drives TCC forward – sales targets being met, new investors, growing public outreach of our company, positive feedback from our clients or just simply experiencing our web app go live with its first few external users being onboarded. We collectively celebrate it all.
Workload at a start-up is inherently unpredictable – and it is no different at TCC. We have our easy going days, and days which are just outright hectic. However, we have the freedom to speak up – discuss blockers, seek help or even grab a virtual coffee (or a real one) with a colleague to take our minds off things. None of it is met with judgment or even remotely discouraged.
A Typical Day in Tech at TCC
From the tech perspective – we always have newer features to incorporate, older ones to improve and upcoming ones to talk about. It’s safe to say, we are never out of tasks. A typical day starts with a round of discussion over ongoing issues via Jira’s Kanban board. The backend team works predominantly with Django (with Postgres), Celery and Redis. The frontend is written in React. We use Sentry for error logging and AWS S3 for storage. We strive to iteratively enhance our web-app as per gathered feedback from both internal and external users.
Our DevOps team continually tries to improve our Git CI/CD pipeline, infrastructure architecture and deployment cycles. We use Docker and Dokku for containerization and deployments. We are gradually moving towards incorporating Kubernetes into our tech stack.
In recent months, analytics has been a hot topic for us. We are currently building dashboards with insights from how users interact with our web-app and products for our internal teams, external users, investors and potential clients. We are using Posthog and Redash for data collection and dashboard prototyping.
A major project scheduled for the upcoming months is the data ingestion pipeline, which would involve almost the entirety of the tech team as per the initial plan. We envision orchestrating an automated, self-sustained system that populates our data lake with companies of interest (ie. from our perspective – companies that could serve as sustainable alternatives for different industries).
Constructive Feedback, Knowledge Sharing & Open-minded Attitude
Besides our ongoing projects, we actively pursue knowledge sharing, providing constructive feedback and maintaining a non-judgemental attitude towards different individuals within the team. Decision-making and planning is done through a bottom-up approach within TCC rather than in the usual top-down manner. Every opinion matters and every new idea is welcomed.
Here at TCC, we are driven by our vision of aiding enterprises and their supply chains to evaluate and monitor their emissions. With the ever growing consensus around climate change and corporate responsibility towards decarbonization of businesses and industries, the IT industry plays a pivotal role. We can help build better digital solutions, drive management decisions through data analytics, and in general, revolutionize how companies adapt their day-to-day operations in adherence to sustainability concerns. We are far from being there, but every day is a step forward into realizing our mutual dream.
Why the CLIMATE TRANSFORMATION Summit makes 2022 our year for actions!
Wow, what an energy! One week has passed since the 2 interactive days of the third edition of the CLIMATE TRANSFORMATION Summit ended. It is time to celebrate, to look back at the numbers, results and what we achieved together as CLIMATE Community.
A DREAM CLIMATE TEAM + A DOG
First of all, what I can share with you: a few months of inspiring work flowed into the #CTS2022! Which I was happy to lead together with our dedicated team from THE CLIMATE CHOICE – composed by Max and Lara, and the continuous support of our Growth Team. Sometimes even our office dog ‘Sunny’ brought in the necessary energy. But it did not stop here. We had countless enthusiastic helpers, partners and supporters who did everything to make the Summit valuable and meaningful. An incredibly big THANK YOU in advance to all of you. It was wonderful to be able to work with you!
BUILDING UP A GLOBAL CLIMATE COMMUNITY
So let me get you into the journey we took together. It all started as a brainstorming on an excel spreadsheet, and turned into an amazing event less than 6 months later. Gathering 1,000 climate enthusiasts, decision makers and curious people from around the world, all interested in learning more about climate transformation, and in particular about Decarbonisation of Companies and their Supply Chains. Fast forward: we kicked off the 100% online summit on 2nd June, with participants and experts joining from many many different countries.
STARTING A CLIMATE REVOLUTION
As stated by our co-founder Lara during her Welcome Speech: “We see now more than ever, companies need to step up and go into a sustainability revolution, but they need to act now, as the window of opportunity is closing faster and faster”. I bet the majority of us today would agree on this need for a sustainability revolution, driving a successful climate transformation of economy and within companies, but probably only few of us would know exactly what to do to get it started.
CLIMATE TRANSFORMATION IS A MATTER OF HOW, NOT IF
So let’s go deep here on actions! These are the three most important steps we learned about climate actions at #CTS2022.
The first point of departure would be to understand your individual status quo. Where does your company stand, how climate mature is it and which actions are already taken? This step requires collecting all climate relevant data on your business and along the supply chain. This allows you to learn where you stand and to make assumptions about where you are most likely heading. As you may guess, this can be difficult to acknowledge, but it is the only way to start. With you and your own actions.
Therefore the only logical next step is to get active and find ways to reduce emissions. This most often brings in a new challenge, remembering that your accountability does not end at the borders of your company, but that the supply chain is where up to 90% of the total corporate emissions typically are generated.
Facing this hurdle brings you to step three: collaborate with your suppliers to align climate strategies, to share best practices and implement solutions to reduce emissions together. Useless to say that these can also create a positive impact on cost reduction, efficiency and sometimes even other sustainability issues such as loss of biodiversity, labor rights or plastic waste.
Allowing for best practices sharing around these three steps, on the first day, we looked into how to become truly climate neutral, and then, on the second day, went deeper into how to create and manage collaborative supply chains transformation and a planet proof procurement.
LEARNING FROM CHANGE AGENTS
We welcomed over the course of the two days over 64 speakers (of which proudly 52% were female, which we were able to achieve for the first time!!), who spoke with our audience composed of 30% of corporates and 15% of SMEs and a 55% going as ‘others’, such as start ups, NGOs, Institutes or self-employed people, overall coming from 59 different countries.
THE MOST ACTIVE CLIMATE COMMUNITY
In fact, this year’s summit was for the first time entirely held in English, which made its CLIMATE Community more international than ever, with the top 10 countries represented being Germany, Austria, India, Switzerland, Netherlands, UK, Spain, France, Italy and USA!
The summit required, besides a strong internet connection, also a lot of focus, to grasp the insights shared during the various sessions, which were super interactive and helped answer questions coming from the participants. In fact, the #CTS2022 attendees deserve a special applause, as they were getting the most out of the event platform we used. On average a participant spent an unbelievable amount of time:11 hours! Celebrating this huge level of commitment and lively contribution, we honored our 3 most active participants with the CLIMATE Community award. Thanks for your outstanding engagement!
GETTING YOUR HAND DIRTY
Furthermore, attendees had the chance to participate in two of the 12 limited workshops we prepared for them, together with our Partners from B.A.U.M. e.V., First Climate, BearingPoint, AXA Climate School, Enviria, Fairantwortung gAG, Katjes Fassin GmbH & Co. KG, Regionique, IBM, Make-IT Alliance, Telefónica Germany, EcoVadis, Alice Schmidt, ESG Portfolio Management, Sustainable Procurement Pledge Germany, Development and Climate Alliance Foundation and WWF Germany.
Quite amazingly, 73% of the attendees participated in a workshop, and loved it so much that the most recurring feedback was that we should have even more workshops next year! By looking at the attendance, it turns out that the most popular topics covered in the workshops were the ESG regulations & EU Taxonomy reporting, the En-ROADS simulation and a concrete example on how to decrease emissions with a company and along the supply chain.
DISCOVERING CLIMATE SOLUTIONS
Last but not least, the online fair, showcasing 26 different Climate Pioneers, was also available to our attendees. They had the chance to meet the exhibitors at their booth, learn about their solutions and discuss possible business opportunities. A total number of around 4.500 visits to all booths was tracked down!
Which leads us to the last highlight of the online fair. We gave all attendees the opportunity to vote for the CLIMATE Champion Awards, which had all Exhibitors competing in the following three categories:
- Climate Solution Pioneer (the exhibitor offering the best climate solution to decarbonise companies);
- Supply Chain Transformer (the exhibitor offering the best climate solution to transform supply chains);
- Exhibitor Hero (best booth design and most welcoming exhibitor).
The voting results saw 3 companies winning over the others, respectively CarbonStack (Climate Solution), THE CLIMATE CHOICE (Supply Chain Transformer) and Enviria (Exhibitor Hero). Thanks therefore for everyone voting, but a huge congratulations to all exhibitors – you do amazing work!
AFTER THE SUMMIT: MOVING TO ACTIONS
Overall, I had an amazing experience and it was an impactful event of which our Team Climate is proud of. But most importantly, now is the time for action. We learned a lot, we shared more and made valuable business connections. Let’s go out and start the CLIMATE TRANSFORMATION in our daily lives and business decisions, see you next year!
Many thanks for everyone working with us, and me, on this #CTS2022 journey! I am very excited to move to a new role now within THE CLIMATE CHOICE, supporting our Growth & Customer Happiness Team. Stay tuned, sign up for our CLIMATE News and thus don’t miss on our next events, whitepapers and shared opportunities for Climate Actions!
Your CLIMATE Team & Chiara
New proposals for climate-related disclosure standards by ISSB – This is what you need to know
International investors increasingly demand information on environmental, social and governmental (ESG) matters. Transparency around sustainability and climate-related affairs gains relevance today more than ever. According to the IFRS (International Financial Reporting Standards) Foundation, the current regulations do not ensure that climate-relevant information is disclosed to a reasonable extent, but still encourages an inconsistent and selective application of voluntary standards.
In November 2021 at COP26 in Glasgow, the formation of the International Sustainability Standards Board (ISSB) was announced. The ISSB is an independent private-sector body that operates under the oversight of the IFRS Foundation. Its aim is to develop a globally applicable and comprehensive set of sustainability disclosure standards that works for major economies as well as for emerging markets.
Therefore, the ISSB has proposed two new standards, in order to create further consistency, comparability and reliability across climate disclosure. The standards require companies to reveal relevant information about its significant sustainability-related risks and opportunities, necessary for investors to assess a company’s enterprise value. The G7 welcomes the establishment of the International Sustainability Standards Board and calls on all relevant stakeholders to participate in the ongoing consultation on the proposed standards. In order to create a practical, flexible and proportionate disclosure baseline, that is ultimately suitable for small- and medium-size enterprises, the G7 invites other reporting initiatives to cooperate in the process of elaborating the baseline.
Two ISSB proposals for sustainable-related disclosure
Based on the work of existing investor-focused reporting initiatives – including the Climate Disclosure Standards Board, the Task Force on Climate Related Financial Disclosures (TCFD) and the World Economic Forum´s Stakeholder Capitalism Metrics – the ISSB is working towards the incorporation of the global baseline into legal requirements, with the aim to become the global standards-setter for sustainability disclosure for the financial markets.
Both of the new standards are mainly built upon the recommendations of TCFD. While one of the proposals sets out general sustainability-related disclosure requirements, the other specifies on climate-related disclosure. Learn more about the climate-related disclosure requirements in the following.
What is the goal of the ISSB Climate-related Disclosure Standards?
The objective of „IFRS S2 Climate-related Disclosures“ is to require a company to disclose information about its exposure to significant climate-related risks and opportunities. This enables investors to access relevant information in order to make climate-compatible and sustainable financial decisions. The goal is to assess the effects of significant climate-related risks and opportunities and to understand how a company’s use of resources and activities support managing its risks as well as to evaluate the options to adapt planning, business model and operations to significant climate-related risks and opportunities. Companies are required to disclose information along the dimensions Governance, Strategy, Risk Management and Metrics & Targets. Find more detailed information on the disclosure regulations along those dimensions in the following section.
- Governance body (e.g. board, committee, etc.) with oversight of climate-related risks and opportunities
- Skills and strategies that ensure that climate-related risks and opportunities are being tackled
- Information on the extent to which climate-related opportunities and risks are being considered in the company’s decisions on major transactions and risk management policies
- Effects of climate-related risks on business model, strategy and cash flows
- Climate resilience and flexibility (in terms of transitioning) of strategy and business model
3. RISK MANAGEMENT
- Identification and assessment of climate-related risks and opportunities (Data sources and covered scopes of operations)
- Prioritization of climate-related risks relative to other types of risks within the company
- Processes in comparison to prior reporting periods
4. METRICS & TARGETS
- Information relevant to the cross-industry metric categories, in order to create transparency around the assessment strategy of its performance
- Progress towards the targets it has set (e.g. mitigation or adaptation to climate-related risks or maximizing climate-related opportunities)
How do companies prepare for the ISSB requirements?
Since enterprises will be required to disclose climate-related information along these four dimensions, they will face the challenge to collect climate-relevant data and analyze their climate performance. How do companies prepare for that?
Today, many companies are already using data-driven software tools, which helps them to analyze their climate performance holistically. The Climate Performance Assessment offers a fast and structured data analysis aligned with internationally recognized standards. It enables companies to holistically analyze their climate performance along the four dimensions Governance, Strategy, Metrics & Targets and Transparency. The Climate Performance Assessment is fit to meet the ISSB’s climate-related disclosure requirements as it covers the key disclosure information.
You want to know more? Download our new Whitepaper to find more details on the upcoming ISSB standards and how to prepare for them here.
Our WHY behind the #CTS2022
Climate action is all about collaboration and we need to start thinking (and acting) beyond the company’s borders! How can we fulfill the latest regulations? Which innovations should we have on our radar? What are best practices of climate-progressive companies?
We believe that we can all learn from each other’s experiences to boost #climatetransformation! That is our ‘WHY’ behind our third CLIMATE Transformation Summit on June 2nd and 3rd.
As Dr. Jonathan Foley of Project Drawdown said last year at #CTS2021:
How do we go about it? At the CLIMATE TRANSFORMATION Summit 2022, over 900 Speakers, Climate Pioneers and Climate Solution Providers will gather to discuss Best-Practices of the Climate Transformation. Trend topic of this year’s climatesummit.de will be the decarbonization of companies and their supply chains. At the #CTS2022 we are going to raise questions of how to effectively reduce CO2 along entire supply chains. We will share success stories and will learn from each other’s experiences – Together we design, create and discuss. For two days, live and 100% online. And the best part: You can participate!
On June 2nd and 3rd, we will all be part of the solution! We will work together to make our goal – decarbonising companies and their supply chains – a reality. In interactive Panels, Fireside Chats, Speed-Networking Sessions and an Online Fair, we will talk openly about challenges and opportunities and discover tangible climate solutions! In deep-dive workshops, you can share your insights, clarify your questions, actively participate and get to know the community.
The Agenda of #CTS2022 – Changing the economy together
We already know how to tackle the Climate Transformation! Today, Climate-Tech and Green-Tech innovations from different fields enable innovative climate solutions. Get to know the climate experts and solution providers at the #CTS2022:
Among others, we will have Prof. Stefan Rahmstorf (PIK), Yvonne Zwick (B.A.U.M. e.V.), Gaby Symonds (Nestlé Germany AG), Dr. Jonathan Foley (Project Drawdown), Therese Seiringer (Vodafone Germany), Johannes Knubben (HiPP), Gundula Ullah (FUNKE Mediengruppe), Tom Raftery (SAP) and many more.
In order to find ways for a regenerative future, we need to bring the climate debate out of the niche and into the broad economy and provide practical steps to implement Climate Transformation in businesses. And since we already know that the supply chain is the biggest lever of Climate Transformation, it gets clear: We can only do it together!
Transparency, Collaboration and Data!
We are looking forward to learning from our speakers, coming from international corporations such as Microsoft, IBM, Telefónica Germany, SIEMENS and Nestlé as well as from CLIMATE Pioneers such as WWF, Project Drawdown and Potsdam Institute for Climate Impact! All of them are ready to share valuable business insights with you into how their organization is tackling the biggest opportunity of our time: The Climate Transformation!
How do we engage all relevant stakeholders and how do we establish a functional supplier-management? At the #CTS2002, these are only some of the questions that will be answered by leading Climate Experts. Topics like climate-relevant procurement decisions and data-driven solutions for climate performance assessments will be covered. Businesses will get insights on how to prepare for upcoming climate-related disclosure requirements, such as the EU-Taxonomy, and companies will get to know innovative ways on how to collaborate with suppliers, in order to move towards a climate-relevant economy, together!
YOUR SUMMIT, YOUR CLIMATE TRANSFORMATION!
The #CTS2022 is exactly what you are looking for? You can still get a ticket! The CLIMATE TRANSFORMATION Summit invites all decision-makers, climate officers, buyers, green tech entrepreneurs, self-employed, researchers and interested parties who want to implement relevant climate transformation measures and best practices now!
TOGETHER WITH STRONG PARTNERS!
The summit connects solution providers and companies, as well as interested parties and experts. The #CTS2022 is made possible to a large extent by its great supporters! Without B.A.U.M. e.V., First Climate, Ørsted, BearingPoint, AXA Climate School, Enviria, Fairantwortung gAG, Katjes Fassin GmbH & Co. KG, Regionique, IBM, Make-IT Alliance and StackFuel, the Summit would not be possible! Likewise, our terrific media partners make the Summit a real community event! Thank you for your support and enthusiasm, which makes us look forward to the Summit with great excitement. It’s wonderful that you are all here!
Since we want to make climate transformation accessible to as many people as possible, the Transformation Ticket is for those who cannot afford the ticket due to the current situation. It gives you access to all event points. Please send us an email to email@example.com – subject: Transformation-Ticket. We are looking forward to seeing you!