Seven Key Elements of Corporate Climate Change Strategy

The greatest environmental challenge of our timetransport needs should be made as well as an
is without a doubt climate change. Over theunderstanding of the physical changes to the
coming years and decades climate change willclimate in which the organisation operates. There
have a stark influence on our lives. Not onlyare no clear guidelines on how to develop an
through the physical changes in the climate, butunderstanding of the climate change vulnerability,
also through changes in our energy consumption,although the United Nations Panel on Climate
travel patterns and many other aspects of ourChange has published a range of reports
life. Companies will not be unaffected by thesedocumenting the predicted changes to the climate
changes. Markets will change, as will clientin each of the global regions over the course of
requirements and there will be a steep rise inthe current century. In addition to these global
legislation with regards to climate change andpublications, many governments have funded
greenhouse gas emissions. Developing aresearch predicting the potential climate change at
comprehensive climate change strategy isa national level.
therefore an essential part of good business3. Commit to reduction in GHG emissions
management. This article gives a brief descriptionAs part of credible corporate climate change
of the elements that each corporate climatestrategy, a commitment to reduce greenhouse
change strategy should include.gas emissions should be made at the most senior
The management of climate change should adoptlevel in the organisation.
two distinct strategies: climate change mitigation4. Develop internal corporate capacity
and climate change adaptation. Climate changeDevelopment of internal capacity is an essential
mitigation deals with the reduction in greenhouseelement to drive through improvements to both
gases to the earth's atmosphere. Carbonthe greenhouse gas emissions and the climate
foot-printing and carbon accounting form typicalchange vulnerability. It is the people within the
measures that are used within the framework oforganisation that are best placed to identify
this strategy. Climate change adaptation revolvespractical solutions that will support any
around measures that address the changes andimprovement programme. Ensuring an adequate
vulnerabilities of the organisation that will belevel of knowledge and understanding within the
present as a result of the inevitable physicalmembers of staff with regards to the climate
change in our climate. A good corporate climatechange issues that are facing the organisation is
change strategy addresses both mitigation andtherefore a key element in the corporate climate
adaptation.change strategy.
1. Understanding greenhouse gas emissions of the5. Work with supply chain and engage with
organisationstakeholders
An understanding of the organisation's greenhouseA significant contribution to the carbon footprint
gas emissions is fundamental in every credibleof a product that an organisation produces is
corporate climate change strategy. To achievemade during the processing by suppliers. In
this a comprehensive greenhouse gas inventoryaddition an organisation should be aware of the
should be made. The inventory is a first step toclimate change vulnerability of its own supply
manage and reduce the emissions, which are alsochain. A corporate climate change strategy should
key elements of a corporate climate changetherefore address the role of the supply chain in
strategy. The inventory combined with themanaging climate change issues.
management and reduction form the core of a6. Adopt and implement improvement action plan
greenhouse gas accounting system. At thisThe first five elements provide a thorough
moment there are two internationally recognisedunderstanding of the climate change issues facing
systems for greenhouse gas accounting available.an organisation. Based on this understanding an
These are the ISO 14064 standard and theimprovement plan should be drawn up. As with
Greenhouse Gas Protocol.any credible action plan the actions should consist
2. Understanding climate change vulnerabilityof SMART targets, be fully funded, and be
Most large organisations have started to make arelevant to the organisations climate change
greenhouse gas inventory and have adoptedthreats and opportunities.
measures to reduce their carbon footprint. As I7. Publish an annual report
described in the introduction, climate changeThe final element is the publication of an annual
adaptation also forms an important part of areport that demonstrate progress against the
comprehensive corporate climate changeaction plan, re-affirms the commitment to
strategy. To develop an understanding of animprovement and accounts for the carbon
organisation's vulnerability to climate change aemissions.
review of the operations, products and services,