Sustina Eco Advisors LLP

As #COP29 spotlights critical issues on Food, Agriculture and Water today, the topic of Food Loss and Waste is increasingly gaining momentum. Tackling Food Loss and Waste is essential to building resilient food systems that serve both people and the planet. At a time where 828 million people go hungry every day while over 3 billion people cannot afford a healthy diet, more than one-third of all food produced worldwide is never eaten, and the consequences are profound. Food Loss and Waste deprives farmers of income, costs consumers money, exacerbates biodiversity loss, and causes at least 10% of greenhouse gas emissions. These stats underscore the urgent need for coordinated action on Food Loss and Waste across the supply chain. This is why initiatives like the Collective Impact Coalition (CIC) on Food Loss and Waste are so vital. Through this coalition institutional investors, civil society, academia and business platforms are coming together to hold food companies accountable, benchmark progress, and push for innovations that minimise waste, maximize resource use, and meet sustainability targets. Read more about our CIC on Food Loss and Waste and find out how to get involved: https://lnkd.in/etbQAeaE #foodsystems #collectiveimpact #corporateaccountability

The World Urban Forum 12 (WUF12) in Cairo was a landmark event filled with insightful sessions, dynamic exchanges, and actionable ideas, and we were thrilled to be part of it! Throughout #WUF12, stakeholders delved into the pressing challenges and opportunities for cities worldwide. Many of these themes directly intersect with our work at WBA, including financing the new urban agenda, enhancing urban resilience, addressing affordability, and grounding urban strategies in local realities. WBA also had the honor of co-hosting a side event that brought together leaders from the public, private, and civic sectors to explore how businesses can support sustainable urban development.    During the event, we presented key insights from our 2024 #UrbanBenchmark—an assessment of the world’s 300 most influential urban companies on how they are addressing crucial urban needs while respecting planetary boundaries, providing a roadmap for accountability and impactful change.    At WBA, our purpose at #WUF12 was to reiterate the value of corporate accountability and informed decision-making to inspire sustainable practices aligned with urban community needs. From tackling affordability, stakeholder engagement, and air, and noise pollution to reducing GHG emissions and enhancing resilience, our benchmark is designed to help the private make a meaningful impact in urban spaces.    We are deeply grateful for the rich contributions and collaborations that emerged from #WUF12, and we’re excited to continue working with partners to create cities that prioritise both people and the planet. ➡ Thank you to everyone who joined us in Cairo, including our partners C40 Cities, WRI Ross Center for Sustainable Cities Takween Integrated Community Development, and Transport for Cairo. #UrbanBenchmark #urbansustainability #sustainablecities #WUF12

Corporate ESG Evolution Attached is my view of the evolution of corporate ESG. I segment the evolution of ESG into three phases: pre-2020s, 2020s, and 2030s. The first phase is communication focused, siloed, and scantly automated. The second phase is compliance focused, with higher level of automation, and at an early stage of strategy and business integration. The third phase is outcome focused, highly automated, and highly business and strategy integrated. Understanding where the industry is and where it is going has material implications for sustainability solution providers. Today, leading solution providers are facilitating compliance and output calculations. However, as we approach the 2030s, winning solution providers will need to offer and develop two types of tools: business and sustainability integration tools and risk & opportunities quantification tools (both from a business and sustainability standpoint). One simple way to think about the evolution of corporate ESG from a tools perspective is: the first phase was a series of adhoc discontinuous dots, the second phase (current phase) is focused on surfacing all the key dots, and the third phase will focus on connecting the dots. Solution providers that can build tools that can both identify the dots and link them will win the sustainability solutions market.

We congratulate Our partner Avadhani Venkat on his New Certification on Carbon taxation

Our latest findings from the 2024 Urban Benchmark show that many companies are still in the early stages of measuring their impact on people and the environment. Even companies that have made progress in setting up policies often fall short in evaluating the true outcomes of these policies. For example, companies had slightly better scores in areas like setting up policies and processes. However, they score really low (4%) when it comes to measuring the outcomes of these efforts, like reducing negative impacts or increasing positive ones. Intentions are good. However, to measure real progress, companies must step up and disclose the results of their sustainability initiatives, focusing on transparent reporting that reflects their impact on both people and the environment. Read more: https://lnkd.in/e2Q5Q-Ui

Carbon Tax FASTER The FASTER Principles for Successful Carbon Pricing, is a guide jointly developed by the World Bank and the Organisation for Economic Co-operation and Development (OECD). It has six key characteristics of successful carbon pricing based on the practical experience of different jurisdictions. The “FASTER” principles lay out an approach that focuses on the emerging design features for successful and cost-effective carbon pricing policies. By maintaining a focus on fairness, alignment with existing policies, stability, transparency, efficiency, and reliability, the FASTER principles show that a well-designed carbon pricing instrument can provide the flexibility, and certainty for a thriving business, and investment climate, while effectively reducing emissions. Fairness : Successful carbon pricing policies reflect the “polluter pays” principle and contribute to distributing costs and benefits equitably, avoiding disproportionate burdens on vulnerable groups. Alignment of Policies and Objectives : Successful carbon pricing policies are part of a suite of measures that facilitate competition and openness, ensure equal opportunities for low-carbon alternatives, and interact with a broader set of climate and non-climate policies. Stability and Predictability : Successful carbon prices are part of a stable policy framework that gives a consistent, credible, and strong investment signal, the intensity of which should increase over time. Transparency : Successful carbon pricing policies are clear in design and implementation. Efficiency and Cost-Effectiveness : Successful carbon pricing improves economic efficiency and reduces the costs of emission reduction. Reliability and Environmental Integrity : Successful carbon pricing schemes result in a measurable reduction in environmentally harmful behavior. As of May 2021, 37 national and 27 subnational jurisdictions are putting a price on carbon. More on Carbon Taxation this week. Reference: The FASTER Principles for Successful Carbon Pricing: An approach based on initial experience- Organisation for Economic Cooperation and Development (OECD) and the World Bank Group (WBG). #viveknamboodiripad #carbontax #sustainability #environment #globalwarming #mitigation

Are you ready to learn all about climate change negotiations? 🔈🌏 UN CC:Learn and UN Climate Change, in partnership with the COP28 UAE Presidency Youth Climate Champion, have launched Mastering International Climate Negotiations: All You Need to Know. This free, interactive course dives into the complex world of international climate negotiations, providing a straightforward guide to the negotiation themes that shape our planet’s future.   In just 3.5 hours, you’ll gain: 🔵 Key provisions within the various thematic areas under the UNFCCC and Paris Agreement 🟢 Insight into the Paris Agreement’s goals and implementation 🔵 Expected activities and outcomes of the upcoming COP  🟢 Practical tips on how to engage in policy discussions and make impactful contributions and much more!   This course is for you! Whether you are a youth delegate or climate activist, or just someone passionate about climate action, you’ll learn and benefit from this course.   Start learning today, and join us on the path to climate leadership! 👉https://lnkd.in/eVSSa63g

🚨 Today marks the end of the Transition Plan Taskforce (TPT) after two and a half years of work!🚨 To mark the occasion, we a have published our final report 'Progress Achieved and the Path Ahead: The Final Report of the Transition Plan Taskforce'. This report identifies key opportunities and challenges for the global adoption of transition plans, including building market capabilities, sharing best practices, developing tools for decision-makers, and fostering global consistency in transition planning norms. Three years ago, when the Taskforce was proposed, only a small number of firms had started developing transition plans. Since then, transition plans have emerged as a new market norm. In June 2024, the TPT received a significant endorsement from the IFRS Foundation, which has assumed responsibility for the disclosure-specific materials developed by the TPT, including all sector guidance. These materials will now be utilised worldwide to support the emergence of of a global norm on transition planning. 🔗 Read more about our work and the end of the TPT's mandate here: https://lnkd.in/e69nahJV Thank you to everyone who contributed to our work, particularly those involved in the sector guidance! Kate Levick Ben Caldecott Jacques Morris Ira Poensgen Kate Ryan Ben Gilbey Lauren Sarruf Romero Nathan Chan Saad Moazam Alexander Schlatter Abigail Bernabe Max Rose Sophie English Sophie Collerton Riona Bowhay Jojo Rouse Helen Civil David Harris Julie Baddeley Mark Manning Chandra Gopinathan, CAIA Chris Dodwell Carlota Garcia-Manas, MSc Pippa Morgan Steven Thompson Sora Utzinger James Close Laura Hillis Irène Verdier Rodrigo Barrios Vanessa Havard-Williams Bruce Duguid E3G UK Centre for Greening Finance and Investment (CGFI)

Taskforce on Nature-related Financial Disclosures (TNFD) released a discussion paper outlining a roadmap to upgrade market access to decision-useful nature-related data. There are  three key driving forces are providing further impetus for exponential growth in demand from the private sector for nature-related data. They are: 1️⃣ Growing awareness and activism among investors and companies that they need to understand and actively manage #naturerisk in their capital portfolios and cashflows; 2️⃣ The evolution of international voluntary corporate reporting standards responding to this awareness These include updates to the related Global Reporting Initiative (GRI) Standards on corporate impacts and the ISSB decision to commence research into sustainability related risks and opportunities associated with #biodiversity, #ecosystems and #ecosystemservices. 3️⃣ The growth of mandatory corporate disclosure regulation covering nature-related issues at a jurisdiction level Global nature-related policy goals have emerged rapidly in the past 18 to 24 months in addition to existing climate-related reporting requirements. These, including Target 15 of the #GBF, have stimulated regional and national regulatory developments, such as the #CSRD in Europe, India’s Business Responsibility and Sustainability Reporting (#BRSR) requirements and new #sustainabilityreporting requirements introduced by China’s stock market regulator. 🗓 Public consultation on this roadmap is open until 17 January 2025, with the final version set to be published in 2025. #TNFD #COP16 #NatureData #NaturePositive #esrs #GlobalBiodiversityFramework #CorporateStrategy

At the World Benchmarking Alliance, we believe that collaboration is the key to sparking meaningful, lasting change. Whether it’s through our partnerships with over 420 Allies worldwide or the relentless dedication of our exceptionable team spread across 30 countries, we understand that working together is essential to our mission. As a fully remote organisation, we know that physical distance should never hinder our sense of unity. Building strong relationships and fostering a deep sense of togetherness are vital to upholding our values, vision, and mission. That’s why, once a year, the entire WBA team gathers in one place for an inspiring Learning Week. It’s a wonderful opportunity for us to reconnect, reflect, and realign. This year, we explored creative ways to remind ourselves of our ambitions and shared vision, exchanged knowledge and insights, danced and played sports, learned from each other, and embraced the diversity that makes our team so strong. We also took the time to appreciate each other’s talents and achievements, reinforcing the bonds that drive our collective success. As we look ahead, we’re more committed than ever to continuing our work in benchmarking and driving forward corporate accountability. A heartfelt thank you to our Allies, partners, supporters, and colleagues— your contributions are vital in helping us move forward and make an impact.