S3 E6: 'Greenhouse gas emissions reduction and bonuses' with Pankaj Bhatia, Global Director of the Greenhouse Gas Protocol
"PAYING FOR GOOD"
English - February 25, 2021 16:00 - 43 minutes - 29.9 MBManagement Business Investing pay executive remuneration compensation sustainability incentive bonus esg retain attract Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, you will learn from Pankaj:
about the scopes 1, 2 and 3 types of emissionsthe Greenhouse Gas Protocol standards and tools available to you to identify and quantify your emissionsthe pitfalls to avoid when linking greenhouse gas emissions reduction and incentives.Your action takeaway:
As a business:
Consider linking your incentives to CO2 emission reductions. If you’re already doing so, well done! Don’t forget to use absolute greenhouse gas reduction metrics. Climate change and our ability to meet the 2015 Paris agreement to limit global warming to well below 2°C compared with pre-industrial levels are impacted by progress on absolute reductions – in other words, the reduction in the total amount of emissions. Some firms are focusing instead on intensity reduction, which refers to the amount of emissions compared to economic output such as the number of employees or revenue.
As a responsible investor:
You have a crucial role to play by quantifying the impact of your investments on greenhouse gas emissions. There is currently not enough transparency on this, despite the Greenhouse Gas Protocol making tools available to you.
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