Michael Chen

🤝 The 'S' in ESG: How West Coast Companies Lead in Social Responsibility 🤝 West Coast companies are going beyond environmental goals, actively investing in social initiatives to foster inclusive workplaces, support communities, and champion equity. Learn how these companies are setting new standards for social responsibility in ESG. 👇 https://lnkd.in/d4pCJX-J #CSE #ESG #SocialImpact #CorporateResponsibility #WestCoast #Sustainability #Inclusion

1

Science Based Targets initiative (SBTi) have enhanced their corporate net-zero standard to prioritize real emissions reductions over offsetting. This update aims to provide clearer guidelines for companies, promoting transparency and accountability in climate action. As businesses face increasing pressure to demonstrate sustainability commitments, these revisions will help ensure meaningful progress toward a net-zero future. 🔗 https://lnkd.in/dw-VutSE #SBTi #NetZero #Sustainability #ClimateAction #CorporateResponsibility

1

At Regenerative Shift, our mission is simple yet ground-breaking: to put life at the center of business. We partner with organizations to embed regenerative practices into their core, fostering resilience, reducing environmental impact, and building sustainable value for the future. 🌱 We’re redefining what’s possible for businesses in a world that prioritizes people, planet, and prosperity. #RegenerativeShift #SustainableBusiness #ClimateAction #FutureOfBusiness #Regeneration

4

"The estimations are that we need between 5 to 10 gigatons of carbon dioxide removal from the atmosphere per year. Check out our CTO final insights from the Climate Week NYC CDR Summit 2024." #CarbonRemoval #ClimateAction #ClimateWeekNYC #CDRSummit2024 #Sustainability #CarbonSequestration #EnvironmentalImpact #GreenTech #InnovativeSolutions #CleanEnergy #Inspiretheplanet

27

2 Comments

I know it says it in the post below but I’m going to say it again- #circulareconomy is #environmentaljustice. Read more about how we’re making that case in deed and creed at Circular Philadelphia and please drop a comment to share your thoughts.

8

Check out this resource from ecoAmerica, Introduction to Climate Justice. Read the full sheet here: https://lnkd.in/eyb8Np5U Climate change impacts us all, but certain communities are impacted first and worst. ecoAmerica’s Introduction to Climate Justice discusses the intersectionality between climate justice and justice for marginalized communities. Read the full sheet to learn what you can do to act. #ClimateChange #ClimateJustice

1

1 Comment

Check out this new resource from Pure Strategies, Inc., Planet-Forward Playbook: Connecting Climate and Nature to Advance Corporate Sustainability Action and Performance. The Center for Biodiversity Outcomes contributed to this playbook and we encourage you to take a look because it outlines clear ways companies can take simple and immediate action to connect climate and nature as we work towards a more sustainable future.  https://lnkd.in/gvjh2EYV #Sustainability #ClimateAction #NatureAction #PlanetForward #ClimateWeekNYC

5

In her recent address, U.S. Treasury Secretary Janet Yellen highlighted the Biden Administration's dedication to tackling climate change and emphasized the potential of voluntary carbon markets (VCMs) in driving decarbonization across sectors. As a longstanding participant in the VCM since the early 2000s, I echo Secretary Yellen's optimism regarding these markets' potential while acknowledging the challenges they confront. One crucial hurdle is ensuring the transparent identification and communication of carbon credit quality to buyers and investors. Unlike physical goods, carbon credits' emissions savings are intangible, making verifying their actual impact complex. To bridge this gap, stringent standards and transparent methodologies are essential. Implementing frameworks that evaluate the environmental integrity, transparency, and sustainability impact of carbon projects is key to ensuring that carbon credits truly represent emissions reductions. Challenges like fragmentation, opacity, and high transaction costs also impede the VCM's efficiency and growth. Nevertheless, these obstacles present opportunities for innovation. Collaboration among stakeholders and the development of creative solutions can streamline transactions, boost transparency, and foster trust in the market. The Treasury Department's commitment to backing high-integrity VCMs is a positive advancement. Clear principles and guidelines set by the government can establish fair competition among market participants and encourage the growth of credible carbon offset programs, attracting more investment and accelerating climate action efforts. Navigating the VCM's dynamic landscape requires vigilance regarding potential risks, such as the anticipated decline in REDD+ issuances and uncertainties surrounding the Paris Agreement's impact on deforestation projects. Proactively addressing these challenges and embracing innovation can invigorate the VCM, making it a potent tool for climate action. Moving forward, the VCM must prioritize integrity, transparency, and collaboration. By uniting efforts, we can construct a resilient market that delivers tangible climate benefits, steering us towards a net-zero future.

1

"Data preparation is 80% of the effort in sustainability reporting." That's a quote from one our partners. And it reflects the industry-wide struggle with sustainability data -- urgent deadlines, lots of reporting and no established systems. Look at how the costs stack up and where you rank on the scale of Manual to Modern. https://lnkd.in/gCiGmn_A #sustastainability #sustainabilitydata #esgreporting #esg #climatedata #carbonaccounting #betterdatafortheplanet #data #ai

8

Successful sustainability reporting depends upon reliably measuring what matters, disclosing the data, and connecting it to a broader strategy. As greenhouse gas emissions (GHG) reporting and carbon accounting trend toward a crucial component of doing business, those who approach it effectively – and holistically – can help: 💪 Strengthen business resilience 📈 Maximize long-term value for shareholders 🌿 Mitigate climate change Get more insights in this article from The Wall Street Journal by Deloitte's Kristen Sullivan: https://lnkd.in/g_HUQ8Vy

60

1 Comment

With New York #ClimateWeek in full swing, the #circulareconomy is at the center of conversations around addressing climate change. How does a circular economy help address the climate crisis? A circular economy reduces our reliance on emissions-intensive extraction and landfilling, with the potential to address up to 70% of emissions associated with our current models of production and consumption. By keeping materials and products in use for as long as possible, the circular economy tackles some of our greatest social and environmental challenges while unlocking $4.5 trillion in economic value by 2030. Read Closed Loop Partners' insights here: https://hubs.la/Q02R4rmv0 #climatechange #climate #innovation #ClimateWeekNYC #newyork

18

1 Comment

Momentum is building! Are you a current or former sustainability professional, member of a sustainability focused employee resource group, or someone working with companies to advance sustainability and address the climate crisis? Over 885+ sustainability professionals and many highly respected climate voices have already signed the LEAD Statement, adding their voices to a growing chorus of expert practitioners calling on companies to: • Leave obstructing trade associations; • Elevate climate policy; • Advocate for specific climate policies; and • Demonstrate commitment to the transition away from fossil fuels agreed on at COP28. It's not too late to add your name and help us reach 1,000 signatures! 👉 https://lnkd.in/gShKZpb2

21

The Commonwealth Bank will stop financing fossil fuel companies that aren’t compliant with the Paris climate goals by the end of this year. This is a bold step and an effective measure in the finance sector towards decarbonization roadmap. It's important that all banks and financial institutions globally to adopt similar strategies, but of course in a strategic and phase-wise manner, to enable expeditated actions in compliant with the Paris Climate goals !! #climatefinance #decarbonization #climateaction #sustainablefinance More details: https://lnkd.in/dH3Py4Xp

8

1 Comment

Are you aware of the top events championing sustainability like Climate Week NYC and COP29? Join leaders like Helen Clarkson (CEO, Climate Week NYC) and Mukhtar Babayev (President, COP29) in discussions on climate change solutions. See the list: https://ow.ly/WFLK50SyCfv #ClimateChange #ClimateWeekNYC #COP29

6

My team at Quantis has been hard at work digging in to the new CDP questionnaire for 2024 and spoiler alert: CDP is raising the bar in a big way with the integration of Climate, Forests, Water, Plastics and Biodiversity. See our initial takeaways below and please reach out if you'd like to connect about what the updates mean for your organization's disclosure!

27