Manifest Climate’s CEO and Co-Founder, Laura Zizzo, spoke at the Sustainable Investment Forum Europe 2022 about how climate tech can foster climate transformation. The conversation covered everything from firms’ climate journeys to technology’s role in supporting and promoting them. Here are some key takeaways:
Leaders need to ask the right climate-related questions
In today’s complicated climate landscape, many business leaders and executives aren’t asking the right questions. It’s therefore up to climate experts to help them connect the dots and focus on what’s material to them. If climate experts approach this task the right way, decision-makers will be empowered to make better and more effective choices about their climate transformation journeys.
It’s not all about numbers
Metrics and targets matter, but real climate progress is made through better management, also known as governance. Companies can perform better in their climate journeys if the right people in their teams are focused on the proper processes. From a climate development perspective, companies that want to thrive should implement well-executed climate governance policies first. It starts at the top. Climate professionals can bring about change by asking: Who’s in charge? What’s the plan? How are we tracking progress? To learn more, read our governance white paper.
Companies need to rethink how they view climate issues
Climate competency must be integrated throughout all businesses’ processes in order for there to be meaningful change. A climate transformation will only occur when climate-related knowledge is embedded in each part of companies’ value chains. As a result, it’s essential for businesses to build climate competency throughout their organizations.
There’s a lot of opportunity for the climate transformation
There are many opportunities for climate transformation as the world moves from sustainable to viable. The Task Force on Climate-related Financial Disclosures (TCFD), the world’s leading climate reporting framework, is an exemplary guide for identifying these opportunities. It addresses climate transition plans, as well as building resiliency to physical climate risks, like hurricanes or droughts. In turn, it brings up opportunities that allow businesses to innovate, grow, and thrive in their climate journeys. To learn more, read our blog.
Climate is a lens for viewing ESG
When it comes to Environmental, Social, and Governance (ESG) factors, the climate is not a subset of the “Environmental” component. It’s limiting to believe that ESG reporting is the same as TCFD reporting because the climate crisis is happening now. If we don’t decarbonize quickly, the other ESG factors won’t matter. Climate goes beyond ESG — it’s not only an environmental issue, but it’s also a social and governance issue. To get ESG right, companies need to incorporate a climate lens. To find out more, read our blog.
Manifest Climate’s SaaS+ platform can help
Manifest Climate’s SaaS+ platform combines cutting-edge technology, an industry-leading database of climate disclosures, and ongoing support from climate experts to deliver best-in-class climate guidance at scale. We can produce results for your business quickly and effectively. The same work that previously took climate experts days and weeks to accomplish can now be done in much less time with our software. Manifest Climate shows how technology can promote and usher in a fruitful climate transformation. Request a demo today.
Watch Laura’s full discussion at the Sustainable Investment Forum Europe 2022 here.