For those companies that are in the beginning stages of exploring or embarking on an emissions reduction journey, “From obligations to opportunities: Achieving the “E” in your ESG initiatives” from Eversheds Sutherland is an excellent primer on how and where to start, different levels of emissions goals or commitments companies may consider, and various approaches to attain the climate goals or commitments, once established. The briefing succinctly explains Scope 1, 2, and 3 emissions and the differences between the alternative goals of “carbon neutral,” “net zero,” and “carbon negative,” and outlines numerous ways in which companies may reduce their emissions including divestments or retirements of fossil fuel-dependent assets or investments, strategic partnerships, renewable energy, and environmental credits.
See our prior report: “Legacy Liabilities Clouding Company Prospects? Consider This Alternative” and additional resources on our Climate Risk & Disclosure page.
This post first appeared in the weekly Society Alert!