About this Discussion

According to the IPCC, the concentration of greenhouse gases in the earth’s atmosphere is directly linked to the average global temperature on Earth, and the concentration has been rising steadily. The most abundant greenhouse gas, accounting for about two-thirds of greenhouse gases, carbon dioxide, is largely the product of burning fossil fuels. 

There is alarming evidence that important tipping points, leading to irreversible changes in major ecosystems and the planetary climate system, may already have been reached or passed. One of the most urgent challenges facing countries across the world today is how to achieve economic prosperity and development while also combating climate change.

The Paris climate change agreement commits nations to limit global temperature rise to no more than 2°C above pre-industrial levels, with countries pledging to cut or curb their greenhouse gas emissions – through a combination of mitigation and adaptation measures – by 2030. 

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Climate Change

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In the realm of environmental sustainability, the Carbon Border Adjustment Mechanism (CBAM) emerges as a key policy tool designed to tackle carbon leakage and promote fair competition in the global marketplace.

Why do we need CBAM?
‍The need for CBAM arises from the recognition of carbon leakage as a significant challenge in the transition to a low-carbon economy. As countries implement ambitious climate targets and carbon pricing mechanisms, there is a risk that industries may relocate to jurisdictions with less stringent regulations, undermining global efforts to combat climate change.

CBAM addresses this risk by internalizing the carbon cost of imported goods, leveling the playing field for domestic producers while incentivizing global adoption of cleaner technologies and practices.

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https://www.esgflo.com/blog-articles/cbam-carbon-border-adjustment-mechanism
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Why do we need SEC Climate Disclosure?

The need for SEC Climate Disclosure stems from the growing recognition of climate change as a systemic risk with far-reaching implications for financial markets and the economy. As the physical and transition risks associated with climate change become increasingly material to businesses, investors, and society, there is a pressing need for transparent and consistent disclosure of climate-related information.

SEC Climate Disclosure aims to fill this gap by providing investors with the information they need to make informed decisions, allocate capital efficiently, and promote the transition to a low-carbon economy.

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https://www.esgflo.com/blog-articles/sec-climate-disclosure
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TCFD: Task Force on Climate-related Financial Disclosures

‍In the realm of sustainable finance, the Task Force on Climate-related Financial Disclosures (TCFD) has emerged as a game-changer, providing a framework for companies and investors to assess and disclose climate-related risks and opportunities. As proponents of Environmental, Social, and Governance (ESG) principles, understanding TCFD is essential for navigating the evolving landscape of sustainable business practices. In this comprehensive guide, we delve into the intricacies of TCFD, its significance, operation, impact, and implications for businesses and investors alike.

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https://www.esgflo.com/blog-articles/tcfd-task-force-on-climate-related-financial-disclosures
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Why do we need California's Climate Rules?

‍The need for California's climate rules arises from the recognition of climate change as an urgent and existential threat to the state's economy, environment, and public health. With its diverse geography, vibrant economy, and progressive values, California is uniquely positioned to drive climate action and innovation at the state and national levels.

California's climate rules provide a framework for reducing greenhouse gas emissions, fostering clean energy innovation, and building climate resilience, while also creating economic opportunities, spurring job growth, and improving public health and well-being.

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https://www.esgflo.com/blog-articles/californias-climate-rules

Hi everyone, I am the Communications Coordinator at Campus Climate Action Corps, an AmeriCorps service program focused on climate action through college-community collaborations and I recently spearheaded and launched the ongoing ‘Environment for Everyone Campaign’ that is focused on addressing the urgent need for immediate climate action by providing accessible information, resources, and opportunities for people of all demographics to take advantage of! Our materials regard ways to improve energy efficiency and ecosystem health that benefit people and planet!

I would absolutely love it if you took a look at our content so far and share it with your audiences to spread the word about our campaign and the CCAC program! Learn more about the Environment for Everyone Campaign here: https://compact.org/current-programs/americorps/campus-climate-action-c…. You can also see overviews of our Climate Action Tips emails that kicked off the campaign during Earth Week by scrolling to the bottom of our CCAC homepage (compact.org/ccac).

Otherwise, please feel free to subscribe to our mailing list to get more information about our program activities and opportunities for involvement and get direct access to our resources as soon as they are available! Subscribe at this link: https://compact.us16.list-manage.com/subscribe?u=2088d003eefae249ce9644…

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Hi everybody!
I’m conducting research for my thesis from the Vrije Universiteit in Amsterdam about the inclusion of the rights of future generations in the objectives of the European Green Deal. The latest report by the IPCC suggest that if concrete actions are not taken now it will jeopardise the well-being of generations to come.
I'm looking for people involved in climate action that would be willing to share their perspective on the topic with me in a brief online interview. Thanks for considering and I wish you all a great day!
If there are any questions about the process I'd be really happy to answer them via mail: [email protected] or on LinkedIn:https://www.linkedin.com/in/ewa-brózda-2376292a9/

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In case you missed the most recent "GGKP webinar: Greening SMEs towards a Just Transition from Policies to Practice" from 11 April 2024, please find the recording below!

Jointly hosted by DCED and supported by ILO, this fourth webinar in the webinar series, "Expert insights to support effective green private sector development" discussed key policies and support services that promote both environmental sustainability and decent work among MSMEs.

The webinar set the scene by introducing the key principles of Just Transition, as outlined by ILO's Just Transition guidelines. They include a wide spectrum of considerations from mental health to gender equality; as well as inclusion of all, including workers, communities, women, indigenous communities, youth and so on.

Noting how SMEs are crucial for just transition to environmentally sustainable economies with decent work opportunities, the webinar then turned to practical examples from Mauritius, Kenya, Indonesia and Kyrgyzstan. For instance, they addressed some practical circularity measures such as enhancing resource efficiency and waste management practices which can lead to higher business productivity; insurance strategies that businesses can consider which proof them against climate change-induced events such as floods; and some product regulations as well as different eco-labels that manufacturing SMEs can keep close eyes onto.

To listen to the full webinar and retrieve further details about these hands-on examples of green and inclusive SME practices, click on the webinar recording link below.

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https://youtu.be/nfZuWj84TX8?si=64FmUw2YGX32d9gB

At its core, ESG encompasses several factors - environmental sustainability, social responsibility, and comprehensive governance practices. By engaging efforts from teams at every level of the organization in ESG initiatives, organizations can achieve more meaningful change and continue to embed sustainability into its business structure. As a result, companies who successfully harness the collective power of their employees, advance their sustainability objectives, and provide increased opportunity to foster innovation, reduce costs, enhance reputation, and prepare for long-term growth and resilience.

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https://www.esgflo.com/blog-articles/engaging-internal-teams-in-esg-initiatives

EnerSys Embraces AI to Elevate ESG Reporting and Compliance

In an environment where sustainability efforts are increasingly scrutinized and regulated, the collaboration between EnerSys and ESG Flo exemplifies the power of partnership, innovation, and shared commitment to a sustainable future. For companies embarking on their sustainability journeys, EnerSys and ESG Flo's success offers valuable lessons and inspiration, demonstrating that ambitious environmental goals are achievable with the right tools and partnerships.

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https://www.esgflo.com/blog-articles/enersys-embraces-ai-to-elevate-esg-reporting-and-compliance
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Key ESG Frameworks:

1. Carbon Disclosure Project (CDP):
CDP collects environmental data from companies worldwide, including carbon emissions, climate risks, and water management practices, and provides insights to investors, companies, and policymakers. By disclosing climate-related information through CDP's platform, companies demonstrate transparency and accountability in managing climate risks and opportunities. CDP's data and insights enable investors to assess companies' climate performance and integrate climate considerations into investment decisions.

2. Task Force on Climate-related Financial Disclosures (TCFD):
TCFD provides recommendations for voluntary climate-related financial disclosures, helping companies assess and disclose climate-related risks and opportunities. By integrating climate-related considerations into financial reporting, TCFD enables investors to make more informed decisions and encourages companies to mitigate climate risks and capitalize on opportunities. Its focus on governance, strategy, risk management, and metrics and targets enhances transparency and resilience in the face of climate change.

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https://www.esgflo.com/blog-articles/navigating-2024-landscape-of-esg-regulations-and-frameworks