Viable Pathway

🌏 The CSDDD mandates companies to have a climate transition plan in place. Few companies have such plans, and even fewer have one that meets the requirements.   The Corporate Sustainability Due Diligence Directive (#CSDDD) complements #CSRD by requiring large companies to conduct due diligence and mitigate adverse environmental and human rights impacts. In addition, CSDDD requires companies to adopt and deploy a plan for climate change mitigation that aligns with UN’s 1.5°C mitigation pathway and EU’s net zero target.   In this how-to guide, Ole, Principal and Head of the Climate team at Nordic Sustainability and Matteo, Consultant in our Climate team, unpack the CSDDD and provide insights into how businesses can accelerate the adoption of a climate transition plan.   Discover our key strategies to effectively develop and deploy your climate transition plan ➡ https://lnkd.in/dr_S24cP   #CorporateSustainability #ClimateAction #ESG 

𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐒𝐔𝐒𝐓𝐀𝐈𝐍𝐀𝐁𝐈𝐋𝐈𝐓𝐘 𝐃𝐔𝐄 𝐃𝐈𝐋𝐈𝐆𝐄𝐍𝐂𝐄 𝐃𝐈𝐑𝐄𝐂𝐓𝐈𝐕𝐄 (𝐂𝐒𝐃𝐃𝐃) CDP just published the ‘𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐃𝐮𝐞 𝐃𝐢𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐃𝐢𝐫𝐞𝐜𝐭𝐢𝐯𝐞 (𝐂𝐒𝐃𝐃𝐃) – 𝐂𝐃𝐏 𝐏𝐨𝐥𝐢𝐜𝐲 𝐄𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐫’,  ✅ outlining a selection of essential aspects and implications of #CSDDD, with a focus on the #climate governance (#climatechange) of companies along their value chains,  ✅ highlighting significant impacts of the Directive, alongside areas where CDP’s disclosure platform can support organizations taking steps on their #environmental obligations under CSDDD. 𝑾𝑯𝑨𝑻 𝑰𝑺 𝑪𝑺𝑫𝑫𝑫? 𝐂𝐒𝐃𝐃𝐃 𝐢𝐬 𝐚𝐧𝐝 𝐄𝐔 𝐃𝐢𝐫𝐞𝐜𝐭𝐢𝐯𝐞:  ➡️ aimed at addressing adverse #humanrights and environmental impacts in global supply chains,  ➡️ imposing a set of requirements on large EU and non-EU companies to holistically address the most significant impacts within their value chains,  ➡️ requiring companies from all sectors to conduct #duediligence for their value chains, the only exemption being the downstream value chains of financial institutions. 𝐂𝐒𝐃𝐃𝐃’𝐬 𝐦𝐚𝐢𝐧 𝐞𝐥𝐞𝐦𝐞𝐧𝐭𝐬:  ✅ Adverse human rights and environmental impacts  ✅ Companies’ value chain  ✅ Large companies within the scope of the Directive  ✅ Risk-based approach and obligations of means  ✅ No double #reporting obligations 𝑷𝑹𝑬𝑷𝑨𝑹𝑰𝑵𝑮 𝑭𝑶𝑹 𝑻𝑯𝑬 𝑰𝑴𝑷𝑳𝑬𝑴𝑬𝑵𝑻𝑨𝑻𝑰𝑶𝑵 𝐂𝐒𝐃𝐃𝐃 will be applicable for a 𝐠𝐫𝐚𝐝𝐮𝐚𝐥𝐥𝐲 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐬𝐜𝐨𝐩𝐞:  ➡️ 26 July 2027 (3 years): EU companies with more than 5,000 employees and EUR 1,500 million worldwide turnover and non-EU companies with more than EUR 1,500 million turnover generated in the EU.  ➡️ 26 July 2028 (4 years): EU companies with more than 3,000 employees and EUR 900 million worldwide turnover and non-EU companies with more than EUR 900 million turnover generated in the EU.  ➡️ 26 July 2029 (5 years): All other companies in the scope of the Directive. 𝐂𝐃𝐏 in its ‘𝐏𝐨𝐥𝐢𝐜𝐲 𝐄𝐱𝐩𝐥𝐚𝐢𝐧𝐞𝐫’ provides a very useful overview of:  ✅ CSDDD and its links with other #legislation,  ✅ how to get started and how to address challenges along the way, etc. 𝐀𝐫𝐞 𝐲𝐨𝐮 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐠𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐫𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐂𝐒𝐃𝐃𝐃, 𝐭𝐡𝐞𝐧 𝐲𝐨𝐮 𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐥𝐲 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐝 𝐭𝐡𝐢𝐬 𝐂𝐃𝐏 𝐫𝐞𝐩𝐨𝐫𝐭! -- Follow me on LinkedIn for frequent posts about #sustainability: Zsuzsanna Tajti PhD, CFA, FRM, PRM, CIA, SCR 🌱 -- To download the report, click on the document’s bottom right corner 👇

This is techy, but worth a read if you're the sort of person who lies awake at night debating whether it's better to emit carbon now or in the future - and how to quantity the difference. 👀 #carbon #wholelifecarbon #embodiedcarbon #time

The Climate dictionary- worth spreading, I guess…

Without a systems lens, the full reality of the human predicament will never be understood. It is only when we adopt this kind of holistic, wide-boundary thinking that we are able to see the complexity and nuance of how the biosphere, geopolitics, economics, energy, and many other systems interplay with and influence one another. But historically, the scientific community didn’t utilize the power of systems thinking until a few groundbreaking individuals advanced and popularized that way of looking at the world. Today, I'm joined by one of the great systems thinkers, physicist and deep ecologist Fritjof Capra, to explore how his worldview has been shaped by his decades of work in physics, ecology, and community development – and his conclusions that addressing our ecological and  social crises will require a broader shift in our values and philosophies. Watch: https://lnkd.in/gMMk8K-J How are science and spirituality deeply entangled, despite often being falsely separated in modern culture? How would our ideas of consciousness change if we understood the interconnectedness of all life, and our place within it? What could our societies look like if we emphasized the importance of maintaining deeper relationships with the natural world, and prioritized human wellbeing over economic growth? To learn more, Fritjof's online course can be found at capracourse.net.

"Our conclusion is no, it actually makes climate change worse," says John Sterman, a professor at MIT Sloan School of Management and member of the #ClimatePathwaysProject. A recent article in Nature sheds light on the dynamics of bioenergy, which can lead to higher near-term levels of CO2 due to emissions from burning wood and the lengthy regrowth periods of trees. It's crucial that we prioritize effective climate solutions that reduce greenhouse gas emissions as soon as possible. 🪵🌡️ Read more: https://lnkd.in/evYdWkuF

Sustainability Due diligence - is it human rights or environmental specific? Is it a one off process or ongoing? How do I deal with the complexity? How does it apply to my company? Sustainability due diligence is not a new concept but the CSRD, CSDDD, SFDR and EU Taxonomy has brought it to the forefront. But what it is and what it is not is continuing to cause confusion 

It is vital to include Scope 3 emissions within reporting and target setting. But it can be hard when data is not available. At Viable Pathway we are helping firms overcome this challenge, by providing a database of industry benchmarks to get you started with a rough estimate for Scope 3, which you can fine tune as you collect data.

Before your next investment in a potential portfolio company, you should be perform net-zero due diligence. Viable Pathway can help you even when you don't have much data or time. #NZDD #privateequity #netzeroduediligence