Thomas Slattery

Great to catch up with the Taskforce on Nature-related Financial Disclosures (TNFD) team last week (Cathrine Armour & Barbara Sanderson) at both the 👉 #RBEU 👉 Cambridge Institute for Sustainability Leadership (CISL) CSO forum. We discussed the various methodologies used in Earth Blox to solve #TNFD Data Deluge. There is no 'lack of data'. The opposite is true. Companies are facing a mountain of data types when it comes to reporting under the Taskforce on Nature-related Financial Disclosures (TNFD). With a plethora of datasets available, selecting the right ones for the right use cases can be overwhelming. There are methods which involve using multiple data sources that complement each other, painting a more comprehensive picture of a company's nature-related risks and opportunities. By leveraging various datasets, companies can strengthen their TNFD disclosures in a few ways: 👉 Reduced Bias: Dependence on a single dataset can lead to skewed results. Convergence reduces bias and fosters a more holistic view. 👉 Increased Credibility: Combining data sources strengthens the credibility of your reporting. 👉 Improved Actionability: Different datasets can reveal hidden patterns and insights, leading to more targeted actions. Remember, the TNFD framework is still evolving. A convergence approach allows companies to adapt to future requirements while ensuring robust reporting from the get-go. James d'Ath, Tony Goldner, David Craig, Cassie Anderson #TNFD #NatureFinance #SustainabilityReporting

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In the cover feature from the EOS at Federated Hermes Q1 Public Engagement Report, engagers Michael Benedict Yamoah and Shoa Hirosato weigh up the pros and cons of carbon capture, utilisation and storage, which hard-to-abate sectors are likely to rely on to get to net-zero emissions. #climatechange #stewardship #ESG https://bit.ly/4aVTliA

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It is great that the #UK Labour Party is committing to make up for the lost climate goal ground under the conservatives. 💪🏻 Carbon Brief has put together an excellent program. However, it is imperative that site abandonment, remediation, and reclamation of the #NorthSea well, pipeline, and facility sites be a PRIMARY goal to achieve a successful transition. We know we have leakage and sites that are producing when they need not be. Let’s see the oil and gas industries 2050 phase out plans in step with the Paris Agreement! 🙏🏻🤝 #ukpoli #worldpoli #cdnpoli #uspoli

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This is an interesting piece by Karen Norton and the Carbonwise team that takes a look at the world of carbon footprint calculation.

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🌍 The Future of Climate Risk Reporting As climate-related reporting regulations ramp up, it's not just crucial but required for organisations to adopt climate-based reporting. This move not only boosts financial transparency but also aligns with global standards and attracts international capital. Good for the environment and good for business! Effective climate risk disclosures ensure climate impacts are central to business decisions and provide accountability for mitigating environmental risks. CSIRO's work in this space highlights how design-led approaches can improve climate risk reporting. Using Generative AI to assess these claims is a fantastic use case, and their pilot project offers innovative ways to enhance report integrity. This isn't just about tech—it's about understanding the complex systems we operate in, from economics and politics to society and nature. Digital Village was fortunate to assist in exploring these relationships through the facilitation of a Warm Data Lab, ensuring these AI systems are designed responsibly with all stakeholders in mind. Thanks for your important work, Justine Lacey, Cara Stitzlein, and the rest of the Responsible Innovation team at CSIRO. And terrific facilitation, Catherine Donnelley and Clare Babbage! https://lnkd.in/gPK6wQdZ #ClimateRisk #Sustainability #Innovation #WarmDataLabs #CSIRO #Transparency #GlobalStandards Thanks to those supporting this work in using technology to enable important change: Derryn Heilbuth, Adam Alexander, Audrey Lobo-Pulo, Nikki Thompson, Beth Dowe, Dan Leverington, Lee Schofield, Mac Bryla, William Glamore, Simon Fielke, Torres Webb, Jessica Stromberg

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The first LOCALISED Policy Brief is of great value to policymakers, researchers, and stakeholders in the field of #ClimateAction and #Decarbonisation. Learn More👇

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With coverage in the FT, Business Green News, CIR Magazine and Energy Live News. Already sparking debate on the key research finding from the Net Zero Barometer, have you download your copy of the report yet, so that you are part of the conversation ? But perhaps more importantly are you part of the solution?   With the key takeaways for me being:- * Active Transition: UK businesses are increasingly committed to decarbonization, with a notable rise in active efforts. * Confidence in Net Zero: There’s a strong belief among businesses that they will reach net zero by 20501. * Climate-Driven Action: For the first time, climate-related risks are the main motivators for businesses to act2. * Challenges Ahead: Despite progress, businesses face hurdles in measuring progress, setting targets, and cost barriers Access the full report here:- https://lnkd.in/eiWZQZ_F https://lnkd.in/eMe-8UUz

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The first methane and carbon dioxide (CO2) detections by the Tanager-1 satellite have been released by the Carbon Mapper Coalition. This is the culmination of years of effort from a public-private partnership, funded by philanthropy, to make emissions data available globally and actionable on a local scale. These observations are a preview of what’s to come as Carbon Mapper will leverage Tanager-1 to scale-up emissions observations at unprecedented sensitivity across large areas. Data at this level of granularity can empower enhanced transparency and guide mitigation actions that benefit our climate...https://lnkd.in/gUAGN4DJ

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Grant funding opportunities: Agrifood Tenfold NetZero Accelerator Programme (close 12 May):DAERA and Digital Catapult are looking for technology solution providers to solve Net Zero challenges for three Northern Ireland businesses. 🔗 https://buff.ly/3y8ZDNw Agri-tech and food technology in Eastern England (closes 19 June):UK registered organisations can apply for a share of up to £4.5 million for business led innovation in the agri-tech and food technology cluster in Eastern England. 🔗 https://buff.ly/4b9IZMh Digital Dairy Chain: Collaborative R&D and Growth Round 2 SIPF (Closes 19 June):UK registered organisations can apply for a share of up to £1.1 million for business focussed innovation in advanced and high value dairy production and manufacturing. This funding is from Digital Dairy Chain for Cumbria, South and West Scotland. 🔗 https://buff.ly/3ynhcJu Singapore AgriFood Global Incubator Programme (Closes: 21 June):This opportunity allows UK businesses to meet with the ecosystem of agri-food tech companies in Singapore including those working in precision agriculture and aquaculture; sustainable food production optimisation & waste valorisation; and food science, functional ingredients production & bioprocess. 🔗 https://buff.ly/4b7ufgT Future Leaders Fellowships: Round 9, business and non-academic (Closes: 25 June):UK registered organisations can apply for a share of up to £110 million for ambitious research and innovation projects in any sector, and tailored support to develop careers for future leaders. This funding is from UKRI. 🔗 https://buff.ly/3JEGcyC Horizon Europe AgriFood funding opportunities:The UK is now associated to Horizon Europe which offers funding for innovative projects between organisations in Europe (including the UK). There are many collaborative AgriFood opportunities and this article highlights some of the key competitions that are currently open that you can apply for to help you find partners and finance innovative projects. 🔗 https://buff.ly/3QEAC34 Marine Fund Scotland 2024-2025 launches:Applications for the fourth year of the Marine Fund Scotland are now open. £14 million will be made available through the Fund in 2024-25 to help deliver Scotland’s Blue Economy Vision. The funding is available to deliver aquaculture, seafood processing, seafood supply chain, commercial fishing and R&D projects that contribute to an innovative and sustainable marine economy, support coastal communities, and contribute to Scotland’s net zero ambitions. 🔗 https://buff.ly/4dupHmj Farming Innovation Programme Fund: Accelerating Development of Practices and Technologies (ADOPT) competition:Defra recently shared a summary of the farming grants that will be available throughout 2024 which included the ADOPT funding. These grants are focused on providing groups of farmers, growers, and foresters in England with support to conduct on-farm experiments and trials. 🔗 https://buff.ly/3PulEvJ

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We are turning up the dial on quality and integrity in the VCM. The UK Government has set out its principles for Voluntary Carbon and Nature Market Integrity (#VCNMI) at #COP29. This is a signal of their intent to help raise the integrity of the market, ensuring it can be used to support domestic and global climate and nature goals.  This comes just hours after The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved three REDD methodologies to achieve the #CCP stamp of integrity and quality... another sign of the carbon markets moving forward. Climate Impact Partners are looking forward to the public consultation in early 2025, which will help to shape a route forward for Government and how they can help raise integrity and ensure the #VCNM can continue to deliver immediate impact for climate, communities, and nature.    For now, their six key principles are a good starting block to build from and build off of a lot of the great work already at work in the market: 1️⃣ Use credits alongside ambitious action within value chains 2️⃣ Use high integrity credits (such as aligned with #CCPs) 3️⃣ Measure and disclose the planned use of credits as part of sustainability reporting 4️⃣ Plan ahead 5️⃣ Make accurate green claims using appropriate terminology (such as VCMI) 6️⃣ Co-operate with others to support the growth of high integrity markets If you are interested in learning more, check out the following link: https://lnkd.in/eQcM2qKM #CarbonMarkets #ClimateActionNow

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🌍 Voluntary Carbon Market #VCM Update – #August2024 We’re excited to share the latest stats from the Voluntary Carbon Market! See the progress Industry have made this month: 📊 Total Registrations in VCS , GS , ACR , CAR , etc. : 5,450 (+37 from July) 📊 NBS Registered Projects: 751 (+7) Of which: - Removals: 571 (+6) - Avoided Emissions: 180 (+1) 📊 Credits Issued: 23 Mt (+10 Mt compared to July) 📊 The largest issuance category this month is Nature-Based Solutions (NBS), overtaking Renewable Energy (RE) from July. Credits issued by NBS: 9.9 Mt (up from 4.0 Mt in July!) 📊 Non-retired Credits: Now standing at 951 Mt, reflecting an increase of 11 Mt since July. Soon it will touch 1 Billion Credits mark. The carbon market is making big strides in driving sustainability through NBS and other project categories. Let’s keep up the momentum for climate impact! 🌿💼 #CarbonMarket #ClimateChange #Sustainability #NBS #RenewableEnergy

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Net Zero Insights is gathering insights from investors, builders, and backers through our Global Climate Tech Ecosystem Survey. This research is critical for identifying the key trends, challenges, and opportunities featured in our flagship State of Climate Tech report. Participants in the survey will have a chance to be featured in the report. It only takes 10min!

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Whichever party wins the upcoming Election, the transition to net-zero is going to have to factor in their plans. But, in the short-term it will be costly and require co-ordination. This briefing, funded by the Nuffield Foundation and written by Patricia Sanchez Juanino analyses the current policy framework and looks at the options available to effectively handle the green transition. #ClimateChange #GeneralElection2024

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Can a circular economy save us? Well, it's definitely a step in the right direction. With most products running on a linear economy, a circular economy advocates for circulating resources so they can reach their full potential. As Net Zero Scotland puts it, 'It's about making the most of what we have by making it last as long as possible, rather than automatically purchasing something new.' Growing consumer trends can make enforcing this circular economy hard. From the craze of Stanley cups to the rise of disposable vapes, it's hard to keep materials within the production loop when there seems to be a new trend daily. However, the tides appear to be shifting. A study by Seven Clean Seas found that about 57% of consumers are willing to change their purchasing behaviour to help the environment. A further 66% of consumers are willing to pay more for sustainable brands. Clearly, consumers care about the carbon footprint of their products. Admittedly, there are challenges to a circular economy, including: ❗Systemic change ❗Rethinking design ❗Technological costs ❗Government regulations Yet the positives outweigh the negatives. In the words of Ellen MacArthur, “If we could build an economy that would use things rather than use them up, we could build a future.”  #sustainability #circulareconomy #impact

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This is a new talk by climate and sustainability journalist Andy Revkin drawing on 40 years of prize-winning reporting on humanity's intertwined climate and energy challenges. The key to breaking down the amorphouse concept of a "climate crisis" or "climate emergency" is to break it into components. The talk was given shortly after the election at Jay Heritage Center. Lots of background is in this Sustain What post: https://lnkd.in/emHEx9_K #climatechange #climatepolicy #cleanenergy #media

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The SBTi just published an evidence review that pretty comprehensively trashes carbon credits: "[V]arious types of carbon credits are ineffective in delivering their intended mitigation outcomes." "There could be clear risks to corporate use of carbon credits for the purposes of offsetting. This includes potential unintended effects of hindering the net-zero transformation and/or reducing climate finance." "All Tier A evidence challenge the legitimacy of offsetting claims, arguing that treating carbon credits as fungible with other sources, sinks, or reductions of emissions is inadvisable, illogical, or damaging to global mitigation goals." https://lnkd.in/eJfTuPyD

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