The Change Climate Project’s Post

Interesting change from a ton-for-ton of #ghgemissions to a money-for-ton approach. While I will always support a focus on actual emissions reduction, I definitely see the benefit of investing in innovation to ensure there are as many viable pathways to reduction as possible (as long as organizations are pairing investment with reduction of course).

15+ months of dedicated work, 20+ cutting edge companies testing a novel concept to accelerate decarbonization, 100s of stakeholder conversations, 1000s of points of input & feedback, and immeasurable gratitude for Austin Whitman and the whole team at the The Change Climate Project. Here we are. THE CLIMATE LABEL is ready for primetime. It's time to close the funding gap between ambition and action. Check out Margaret Morales' awesome article unpacking how this framework will shake up the world of voluntary climate action and introduce a new model for urgent investment into the climate solutions needed to achieve economy-wide decarbonization.

The Climate Label, launching January 2025, will require participating companies to pay $15 per ton of unabated emissions. https://buff.ly/4gCDFTV ✍️ Margaret Morales

Climate transition budgets are part of a new climate action certification, The Climate Label, also launching in the new year. Companies can seek certification of a corporate entity, subsidiary or brand, although not of individual products or services. It’s replacing the well known Climate Neutral Certified label, which will sunset at the end of 2024. https://buff.ly/4gCDFTV

In theory, ton-for-ton carbon mitigation provides a consistent metric for measuring climate impact: one ton of carbon avoided or removed for each ton emitted. It has come under scrutiny for misleading consumers with unclear claims and underdelivering on implied climate benefits. https://buff.ly/4gCDFTV

This week the Science Based Targets initiative released its much-anticipated first outputs as part of its revision of the Corporate Net Zero Standard. In our latest blog our Policy Associate Holly Nicholson unpacks the lengthy set of documents, which cover the role of environment attribute certificates in company net-zero strategies, and explains what they mean for businesses looking to take action on climate change. Read the blog here: https://lnkd.in/erZbpREn #SBTi #ScienceBasedTargetsInitiative #ClimateAction #ClimateChange #EmissionsReduction #Scope3 #CarbonCredits #CorporateClimateAction #CNZS #CorporateNetZeroStandard

Do you know whether the brands you buy have climate strategies in place? I think we can each help leverage change by voting with our feet, our wallets, and giving corporations feedback that credible climate commitments are important to consumers. This article gives a good checklist -- “Often, targets cannot be taken at face value as companies leave out certain emission sources, use non-harmonised base years, do not report updated base year emissions, or do not provide contextualising information to understand what the targets mean in absolute terms, among other issues.”

🌍 New Climate Plan Requirement in Europe for 2025 Starting in 2025, Europe will require companies to share a climate transition plan—or explain why they don’t have one. This mandate underscores the importance of clear, actionable strategies for a sustainable future. At Envyn, we specialize in guiding companies to develop impactful climate transition plans tailored to their needs. Let us help you prepare for this shift with effective, sustainable solutions that align with your business goals. #ESG #Sustainability #climateaction #business #carbonfootprint #ghgemissions

An essential read for #sustainability professionals looking to develop their companies’ #transition plans — how to approach them, which companies are doing them (and why), and where you can look for reliable guidance. Via Trellis Group’s Elsa Wenzel #transitionfinance #esg #climateaction

https://lnkd.in/eSHXjbYQ Bridging the Climate Action Gap: What the Latest UN Report Means for Us All The UN’s latest report shows that national climate plans are drastically falling short. Even if fully implemented, current plans would only reduce emissions by 2.6% from 2019 levels by 2030—far below the 43% reduction needed to limit warming to 1.5°C. UN Climate Chief Simon Stiell underscores the need for stronger, more ambitious plans now to avoid severe consequences. Click the link to read the full report. What the Commercial Production Industry Can Do:  ~ Our industry has unique opportunities to make an impact. By implementing sustainable practices on set, reducing plastic use, offsetting carbon emissions, and prioritizing eco-friendly post-production, we can make strides toward a greener future. How Individuals Can Make a Difference: ~ Advocate for Change: Use your voice to support stronger climate policies, raise awareness, and vote for environmental policies. Our VOTE matters! ~ Live Sustainably: Reduce your footprint by cutting down on energy use, minimizing waste, and choosing sustainable transport. ~ Support Green Businesses: Opt for brands that prioritize sustainability, showing businesses that consumers care about the environment. ~ Offset Carbon: Contribute to tree-planting and carbon-offset programs that directly capture emissions. ~ Educate and Inspire: Share knowledge to empower others in making eco-friendly choices. ~ Invest in Clean Energy: Consider clean energy options like solar panels or community projects to reduce fossil fuel dependence. Together, We *Can* Make a Difference. Climate change is a global challenge, but by working collectively—industries and individuals alike—we can close the gap and build a sustainable future. Every action counts. Every vote counts.