Climate Change

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We're talking about systemic changes that we need to see in terms of how rare earth minerals are being extracted from our planet. This is not a checkbox exercise, but something that as a participant in that value chain is critically important to the business going forward. And so how can businesses who share aspirations to reduce emissions in their value chain and position their value chains as climate positive? It could also potentially by collaborating at the industry level, it could also reduce the risk of first movers premium,.

The UN climate conference known as COP27 is underway, and today (Nov. 11) is Decarbonization Day. In this episode of the ESG Insider podcast, we explore how companies are setting decarbonization targets in their operations and across their supply chains.

To understand how companies are engaging with suppliers, we talk with Simon Fischweicher, who is Head of Corporations and Supply Chains for CDP North America. CDP is a nonprofit environmental disclosure platform that has a program aimed at helping companies gather concrete details from suppliers about their emissions and other climate-related activities.

Simon tells us that companies are increasingly collaborating on their approach to suppliers. "When you have a single customer voice asking for better climate disclosure or more investment in renewable energy or setting emission reduction targets for a specific supplier, that voice might not be loud enough to drive change," he says. But when the entire sector is pushing for better practices, "that supplier may listen."

Listen to our episode about what to expect from COP27 here: https://www.spglobal.com/esg/podcasts/at-cop27-how-to-make-progress-in-the-face-of-uncertainty

Listen to our episode about a proposed U.S. climate disclosure rule here: https://www.spglobal.com/esg/podcasts/unpacking-the-sec-s-proposed-esg-fund-rules

We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall (lindsey.hall@spglobal.com) and Esther Whieldon (esther.whieldon@spglobal.com).

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