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- The scientific implications of climate change are ‘clear and alarming’;
- Climate change poses a ‘pressing and urgent risk’ for ‘companies, investors, capital markets and the economy’;
- Companies in the US need to start evaluating and disclosing their climate-related risk.
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What does all this mean?
Scope 1: direct emissions from owned or controlled sources like fuel combustion, company vehicles, or fugitive emissions.Scope 2: indirect emissions from purchased electricity, steam, cooling, and heat.Scope 3: all other indirect emissions within a company’s value chain such as business travel, purchased goods or services, waste disposal, employee commuting, and more.
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What could this imply for investors?
"Kinnevik believes that companies operating in a responsible and sustainable manner will be able to remain the preferred choice for consumers, as well as to recruit the best employees, thereby outperforming their competitors in the long run. Understanding the potential effects of climate change on your business, strategy, and financial planning under different potential future climate scenarios is central in building a long-term sustainable business.The SEC’s proposed rule that would mandate corporate disclosure of greenhouse gas emissions for its registrants is an important step in helping companies build more resilient and robust businesses and to make the transition into a low-carbon economy."
Mathew Joseph, Sustainability Director at Kinnevik
How can TravelPerk help?
A few final thoughts
Understanding the potential effects of climate change on your business, strategy, and financial planning under different potential future climate scenarios is central in building a long-term sustainable business. That’s why at TravelPerk we are helping our customers by providing information that will help them understand their carbon footprint as it pertains to business-related travel. Customers can offset their business travel carbon emissions by investing in projects relating to biogas capture, forestry, and renewable energy. All projects are VERRA accredited and held to the highest standard of the United Nations Sustainable Development Goals.TravelPerk has also this month, launched GreenPerk API, an open API-based service for travel to their customers, and all businesses, giving them the tools to use actionable insights to create net-zero strategies, develop sustainable travel policies, and understand what elements of their business travel are leaving the highest carbon footprint.
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