Centre for Climate Engagement’s Post

Congratulations to Eun-Hee Kim, Ph.D., associate professor of strategy and area chair of the Gabelli School of Business Strategy & Statistics area, on her two forthcoming papers, which will be published in the Journal of Management Studies. The first, titled “Green screening: Firm Environmental Strategy Amidst Policy Implementation Uncertainty in the European Union,” focuses on how firms can strategically respond to policy implementation uncertainty by screening communication exchanges between policy-implementing agencies and their policy-formulating political principals. https://bit.ly/3zWNZ9M The second, titled “Set & Done? Tradeoffs between Stakeholder Expectation and Attainment Pressures in Corporate Carbon Target Management,” explores investors pressuring firms for action on climate change and carbon emissions by setting carbon targets, and how firms, in turn, may be exploiting the numerical magnitudes of carbon targets through deceptive parameter changes that create the perception of strengthening carbon targets, while in reality, loosening them. https://bit.ly/48cypmQ #sustainability #climatechange

This is big. Critical guidance and training for #association executives and directors. Excellent leadership by Australian Institute of Company Directors

This week, I attended "The Landscape of Climate Change Reporting" event at Queen Mary University of London, which gathered experts from academia and corporate practice (University of Essex, Athens University, Deloitte, Moody’s, among others) to address many of the key issues in the field. From the ongoing legal frameworks to the challenges in the arena of implementation, some of the main takeaways were the following: -Interoperability: Differences in voluntary reporting standards among jurisdictions and sectors create a complex setting to measure and track progress, calling for interoperability and standardisation to guarantee the effectiveness of targets. -Technicalities and measurements for valuation: Methodologies to assess environmental performance are becoming more science-based, requiring interdisciplinary work from lawyers, accountants, and even geospatial specialists to develop models aligned with legal frameworks and grounded in the corporate setting, and to reflect outcomes in financial statements. -Upcoming challenges: Awareness of biodiversity loss is rising as another component in ESG analysis, alongside climate change. Hence, new methodologies to capture materiality and transition risks in this area are needed. Similarly, a more active role of investors committed to social responsibility is needed to complement the current pressure from regulators to reach climate goals. Without any doubt, the ongoing climate-related issues demand openness to change and flexibility to adapt, not only from governments and businesses but also from professionals, to keep sustainability on the radar as a core element of practice! #ESGreporting #sustainability #environmentalcompliance #climatechange #biodiversityloss #greenlegalframework

Climate Governance Malaysia’s (CGM) Director's Masterclass: A Call to Action for Climate Leadership On 8 November 2024, ICDM hosted CGM’s Director's Masterclass: A Call to Action for Climate Leadership with a powerful session focused on Climate Action. Michele Kythe Lim, President and CEO of ICDM, set the tone for the event as she emphasised, "Board directors, as leaders of the boardroom, have a critical role to play in navigating their companies through the intensifying climate crisis." She noted that by equipping directors with the essential knowledge and tools they need to address climate change, we can work together to build a sustainable future. The event brought together a panel of distinguished experts to address urgent Climate Action issues. Kyoko Okuyama, a Legal and Policy Researcher at ClientEarth, opened the discussion by outlining the escalating legal risks associated with climate change and the importance of understanding the evolving legal landscape. Building on this theme, Simon Wong, an Independent Advisor and co-leader of the Sustainable Finance Teaching Team at the University of Cambridge Institute for Sustainability Leadership, focused on the role of boards in driving climate action and the need for robust transition plans. The discussion continued with Tan Sri Tommy Thomas, a former Attorney General of Malaysia, provided legal insights into climate-related litigation and the potential implications for businesses. Philippe Joubert, Founder and CEO of Earth on Board, emphasised the importance of integrating environmental considerations into corporate decision-making and the risks of greenwashing. Rejina Rahim, Advisor for the Institutional Investors Council (IIC), discussed the role of institutional investors in driving climate action through engagement with companies. Wrapping up the session, Datin Seri Sunita Rajakumar, Founder and Chairperson of Climate Governance Malaysia, provided a concluding remark, highlighting the urgent need for climate action and the transformative role of corporate governance in building a sustainable future. Read more here: https://lnkd.in/g8Mw-jUG

Our latest paper links credit ratings to the environmental performance of the firms; it can be accessed via the link below.

🎊 Good news 🎉 Today we have been informed that our article "Environmental, social and governance (ESG) disclosure in public water enterprises in Andalusia, Spain" published in Water International journal has been selected by the editorial team to be made open access for the next 3 months 👏 📰 Nothing to read during these summer days? 🏖 🙄Do you want to learn something new about the public management of one of the most valuable resources we have? 😎 You have no more excuses! 👓 Read it from your laptop, mobile or ipad screen wherever you are! https://lnkd.in/dCxSFyYR

In our recent study, we (Haoshen Hu, Emese Lazar, Ricky Pan, and myself) examined how environmental performance influences companies' credit ratings, specifically comparing the US and EU. Here are our findings: 1️⃣ Firms’ environmental improvements positively contribute to their credit ratings. 2️⃣ There is a linear relationship in the US and a nonlinear one in the EU. 3️⃣ We identify a transmission channel via the stringency of environmental policy. If this is interesting to you, please check our publication (open access) here: https://lnkd.in/evGSVXhE

IEMA's new guide - Roadmap to Digital Environmental Assessment has just been published! This is a really exciting guide to help practitioners progress through the roadmap stages towards an ideal digital scenario. I would love to hear about where you are in your digital maturity journey... #IEMA #DigitalIA #Digitalenvironmentalassessment

🌿 Excited to share that I've recently completed the short course "Key Essentials: The Paris Agreement, Sustainable Development, and the Law" at the University of Cambridge! 🎓 This course has deepened my understanding of the legal frameworks and principles underpinning the Paris Agreement, equipping me with valuable insights into sustainable development and climate change governance. I'm looking forward to applying this knowledge in my role as a lecturer, enhancing the learning experience for my students and empowering them to drive positive change in the world. Additionally, I'm eager to utilize this expertise in my consulting work supporting the implementation of sustainable practices and policies. Here's to a greener, more sustainable future! 🌍 #ParisAgreement #SustainableDevelopment #ClimateAction

Earlier this year we held a webinar on Article 6 authorisations under Gold Standard. This session talked about how Article 6 authorisations are managed under Gold Standard, and discussion with the two project developers holding the first authorised credits labelled on the Gold Standard Registry: atmosfair and Hestian Innovation. Watch the webinar replay now to hear from: - Hugh Salway, Senior Director, Market Development and Partnerships - Kavya Bajaj, Manager, Government Relations, Gold Standard - Florian Eickhold, Climate Finance and Environmental Markets Expert at atmosfair gGmbH - Conor Fox, Director at Hestian Innovation Limited The Webinar gives insights into: - Why project developers may choose to seek Article 6 authorisation for their projects. - First hand experience of engaging with governments in this process. - How Article 6 authorisations are managed under Gold Standard Watch the webinar here https://lnkd.in/eGXkzEYK