New ISO ESG Implementation Principles provide int’l guidance to streamline ESG practices
New ESG Implementation Principles launched the International Organization for Standardization (ISO) at the 29th United Nations ...
Amber Greaney, Livable City Solutions Manager, said holistic strategies are necessary for sustainability at city level and at corporate level.
“There is no silver bullet for sustainability,” Greaney said in her speech during the 13th CSR and Sustainable Development Forum which is organized by CSR Egypt. The event opened on Thursday in the Red Sea resort city of Hurghada.
“The synergies between cities and corporations are at the nexus of what we are calling climate action plans and this is called in the corporate sector “climate transition plans”, Greaney expounded.
“Once the target is set, we need to start developing strategies to be able to meet those targets. So we walk through a variety of services from benchmarking, understanding what peers are doing in the sector that we’re looking at. And then we moved into climate scenario analysis,” Greaney said.
“So, we have to understand that right now the future is unpredictable. So understanding what we could expect if the world was to increase by two, three, or four degrees Celsius. At all of these scenarios, we see very different risks and opportunities. So once we can be aware of those risks and opportunities, we can act on them. We can avoid risk and we can increase revenue both for cities and corporations. And so once we do that, we can integrate it into the strategy. And then finally we develop a road map” and that’s where that climate transition plan is finalized, she concluded.
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