Science-Based Targets (SBTs)
Science-Based Targets are climate goals aligned with what science says is needed to limit global warming to 1.5°C or well below 2°C, as per the Paris Agreement. Companies commit to reduce their emissions in line with a defined carbon budget. Targets are validated by the Science Based Targets initiative (SBTi), which ensures the ambition is credible. SBTs help businesses show climate leadership, meet investor expectations, and future-proof their operations.
Legislation
The European Climate Law is a pivotal piece of legislation that enshrines the European Union's commitment to achieving climate neutrality by 2050. Adopted in July 2021, it establishes a legally binding framework to guide the EU's climate policies and actions. Key Objectives: -> Climate Neutrality by 2050: The law sets a legally binding target for the EU to achieve net-zero greenhouse gas emissions by 2050, aligning with the European Green Deal's overarching goal. -> 2030 Emission Reduction Target: It establishes an intermediate target of reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. -> Adaptation Strategies: The law emphasizes the need for adaptation strategies to enhance resilience to climate change impacts, ensuring that both mitigation and adaptation are integral to EU climate policy. Key Provisions: -> Long-Term Emission Reduction Trajectory: The law outlines a pathway for greenhouse gas emission reductions from 2030 to 2050, providing a clear direction for member states and stakeholders. -> Monitoring and Reporting: It establishes mechanisms for tracking progress, including the submission of national energy and climate plans and annual greenhouse gas inventories, to ensure transparency and accountability. -> Review Mechanism: The law includes provisions for periodic reviews to assess progress and, if necessary, adjust policies to stay on course toward the 2050 climate neutrality goal. Implications for Companies: -> While the European Climate Law primarily targets member states, its provisions have significant implications for companies operating within the EU: -> Regulatory Environment: Companies will face an evolving regulatory landscape as member states implement policies to meet the 2030 and 2050 targets. This may include stricter emissions standards, carbon pricing mechanisms, and incentives for sustainable practices. -> Market Opportunities: The transition to a climate-neutral economy presents opportunities for businesses in renewable energy, energy efficiency technologies, and sustainable products and services. -> Risk Management: Companies will need to assess and manage risks associated with climate change, including physical risks to operations and supply chains, as well as transitional risks related to policy changes and market shifts. The European Climate Law is a regulation, meaning it is directly applicable in all EU member states without the need for national transposition. This ensures uniform implementation across the EU, providing a clear and consistent framework for climate action. 🔗 EP, EC, IEA
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Summary: My tasks included building ESG Office and ESG team to implement and manage ESG strategy at Group level. Measurable KPIs focused on increase in ESG ratings, ESG strategy targets, and yearly sustainability reporting including data management. Duties included managing 60+ data officers, communication with multiple rating providers, and implementing evolving ESG standards and legislation in multiple legal frameworks. I also managed ESG initiatives across the Group, including Supply Chain, Climate Risks, Biodiversity, Stakeholder Engagement, Policy Matrix, and Automation of Data Collection Measurable Results: Improved ESG ratings · MSCI – jump by two categories from BBB to AA · Sustainalytics – reduced ESG risk score from High to Medium · Moody’s – improvement to Robust category · CDP – improvement from D to B in Climate Change and to B- in Water Security · CSRHub aggregate rating – target 75th percentile, result 82th percentile Reporting Standards Alignment · GRI, WEF, SASB, and EU Taxonomy in 2023 · Alignment with ESRS in the top 15th percentile based on CSRD readiness assessment in 2023 · Preparing for ISSB Other accomplishments · SBTi: near term target, long term target and net-zero target validated (first in Czechia) · TCFD: first official Czech supporter, TCFD Report published · UN Initiatives: UN Global Compact, UN CEO Water Mandate, and SDGs (SDGs report published)
Sustainability strategy & governance - Structured ManoMano’s CSR strategy and built a dedicated governance scheme. - Supported the deployment of all strategic projects around People & Planet pillars >> Animated 12 committees w/ the executive team; built all presentations for board of investors. Implemented the ESG data collection process; Reporting & consolidation on selected KPIs. >> Led the creation/publication of the first 2 impact reports of the company Coordination & structuring of the climate strategy - Supported the definition of ManoMano’s first climate strategy (PAT aligned w/ SBTi) - Coordinated all environmental projects: KPIs definition with internal experts, impact assessment implementation, support to new studies for future launches >> Contribution to the recruitment of 8 environmental experts at department levels Sustainability awareness and training - Launched a series of of climate awareness conferences for all teams. >> Internal deployment of the Climate fresk workshop: +700 employees animated Sustainability external communications - Built ManoMano’ sustainability positioning with communication teams - Participated in external speaking opportunities to present the CSR strategy
Update of the ACT Agriculture & Agrifood methodology to include the SBTi FLAG trajectories Methodology, tool and company questionnaire updates.
Experts
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View all software ->Futureproof is a one-stop shop for companies and consultants to manage their sustainability.
✓ Sustainability Strategy and ESG Double Materiality
✓ Carbon Reporting, Reduction and SBTi Net Zero
✓ ESG Management and Reporting - CSRD, GRI, ISSB and more
✓ B Corp Certification and Recertification
✓ Supply Chain Sustainability and Reporting
Nala Earth offers a comprehensive Nature & Biodiversity Management Platform that simplifies complex ecological data for businesses. It includes four modules to locate, understand, analyze, and improve interactions with nature. Nala helps companies understand the financial and strategic impacts of their environmental actions and align with leading frameworks like CSRD, TNFD, SBTN, GRI, and the Natural Capital Protocol. This approach ensures clarity and actionable insights for sustainable corporate practices.
Greenly simplifies carbon accounting and management for businesses, expediting the shift to a net-zero-carbon economy. Their SaaS platform allows companies to measure, monitor, reduce, and offset their carbon footprint while adhering to international standards like the GHG Protocol. They have received a B Corp certification for their work.
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