Within the framework of the project Increasing the transparency and documentation of the private sector's contribution to national climate commitments. that Libélula, through its nexos+1 platform, has been strategically developing with UNEP-DTU Partnership, 02 webinars were held this May to learn about the main tools for voluntary disclosure of corporate climate action.
During the May 31 webinar, How can the private sector assess and report on the impacts of its actions on Sustainable Development?Mirko Dal Maso presented some of the existing protocols for monitoring and reporting on Sustainable Development impacts (SDG Compass, GRI, SASB, Gold Standard, SAM - CSA). He highlighted the Climate Transparency Initiative methodology (ICAT) as a flexible tool that helps private sector users systematically assess the multiple impacts of their sustainable actions.
| "To have a sustainable economy we need a sustainable society, and for that we need a sustainable nature. If the private sector can link the impacts of their actions, this will help to demonstrate how national and international efforts contribute. As a result, they can receive support (financing and capabilities).to scale their actions." Mirko Dal Maso Programme AssociateTechnical University of Denmark (DTU) |
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Mirko explained the 11 key steps to assess and report the impact of corporate climate action, which although referring to the ICAT methodology, applies to any methodology that the company decides to implement:
Understand the background and define the objectives
Determine the objectives of the evaluation
Defining the evaluation
2. Clearly describe the action to be evaluated.
3. Choose the impact categories and indicators to be evaluated.
Qualitative approach to impact assessment
4. Identify the specific impacts of the action within the chosen impact categories.
5. Qualitatively evaluate each specific impact: Each specific impact is assessed in terms of its likelihood of occurrence, its expected magnitude (major, moderate or minor) and the nature of the change (positive or negative).
Quantitative approach to impact evaluation
6. Estimate reference values (baseline) for the impacts included in the quantitative assessment boundary.
7. Estimate the scenario values (most likely conditions in the presence of the action) and the impact of the action.
8. Evaluate the uncertainty of the assessment
Monitor and report
9. Monitor indicators over time.
10. Report the results and methodology used
Decision-making and utilization of results
11. Interpret results, evaluate synergies and trade-offs, and decide which policies to implement.
Finally, the importance of linking the achievements to the SDGs of the 2030 Agenda (and the targets they set) and determining to which of them the categories of significant impact identified can be related was emphasized. The individual and total effect on the SDG targets can be assessed.
Relive the most important moments here:
