Blog

blog_climateemergency_industries_header-1

Blog_ClimateEmergency_Industries_Header (1)

What do the fashion industry, Vatican City, Canada and South Kesteven District Council have in common? The answer is that they’ve all declared a <a href="https://en.wikipedia.org/wiki/Climate_emergency_declaration" target="_blank" rel="noopener">climate emergency</a>. And they aren’t the only ones. Darebin, Australia <a href="https://www.caceonline.org/history.html" target="_blank" rel="noopener">first declared a climate emergency</a> in 2016. Since then over 1,900 local governments in 34 countries have made climate emergency declarations (as of June 2021). In fact, <a href="https://www.cedamia.org/global/" target="_blank" rel="noopener">around a billion people</a> live in places that have declared a climate emergency — that’s one in ten people on the planet.
Declaring a climate emergency is important as it amounts to an official admission that climate change exists and that more must be done to stop it. And of course, it’s the action that’s more important than the acknowledgement. The climate emergency movement is reaching something of a tipping point now. It’s becoming a launchpad for real change, rather than a mere symbolic gesture. Nowhere can this be seen more clearly than with the emerging trend for industries to join countries and councils in declaring.
In this article, we’ll look at some of the industries that have declared a climate emergency, what it means for those industries and how other businesses and industries can get involved too.

blog_climateemergency_industries_tourism_banner_01

Blog_ClimateEmergency_Industries_Tourism_Banner_01

<a href="https://www.tourismdeclares.com/" target="_blank" rel="noopener">Tourism Declares a Climate Emergency</a> is a global community of 441 tourism organisations, companies and professionals, committed to delivering a Climate Action Plan with the aim of halving emissions by 2030.
As the industry sets out to recover from the Covid-19 pandemic, it also has a golden opportunity to reset, reimagine and drive positive change. This initiative advocates for climate action through its networks, helps anyone in the industry to access the right knowledge and tools, and brings its leaders together to collaborate.
Any organisation or individual working in tourism can join by making a <a href="https://www.tourismdeclares.com/how-to-join" target="_blank" rel="noopener">declaration</a> on their website and signing the Glasgow Declaration on <a href="https://www.oneplanetnetwork.org/programmes/sustainable-tourism/glasgow-declaration" target="_blank" rel="noopener">Climate Action in Tourism</a>.

blog_climateemergency_industries_music_banner_02

Blog_ClimateEmergency_Industries_Music_Banner_02

Launched in July 2019, <a href="https://www.musicdeclares.net/gb/" target="_blank" rel="noopener">Music Declares Emergency</a> is a group of artists, music industry professionals and organisations standing together to declare a climate emergency and call for an immediate government response. 
The group takes a practical, yet creative approach. Their website is full of neat suggestions for how anyone in the industry can <a href="https://musicdeclares.net/gb/take-action" target="_blank" rel="noopener">take action</a>. This is backed up by <a href="https://musicdeclares.net/gb/act/" target="_blank" rel="noopener">No Music on a Dead Planet </a>— a campaign run alongside <a href="https://rankin.co.uk/" target="_blank" rel="noopener">Rankin</a> and 15 artists to share simple and impactful ways to act on climate change. Anyone can also make a donation, or <a href="https://www.musicdeclares.net/gb/shop" target="_blank" rel="noopener">buy some very cool looking merchandise</a> to support the cause.
Those working in the industry who want to join can <a href="https://musicdeclares.net/gb/declarers" target="_blank" rel="noopener">sign the declaration</a>.

blog_climateemergency_industries_fashion_banner_03

Blog_ClimateEmergency_Industries_Fashion_Banner_03

<a href="https://fashion-declares.org/" target="_blank" rel="noopener">Fashion Declares</a> is a network of individuals from right across the fashion industry that is focused on fuelling a large-scale, bottom-up movement to create a regenerative new approach to fashion. 
The movement is based on five core commitments: speaking out for urgent action; decarbonisation, restoration of ecosystems and biodiversity; social justice and the just transition; radical transparency and corporate governance; and the regenerative fashion model.
Fashion Declares is committed to equipping its members with tools and resources, while running regular webinars. The group is inviting individuals at all levels to join its grass-roots movement by signing an open letter.

blog_climateemergency_industries_business_banner_04

Blog_ClimateEmergency_Industries_Business_Banner_04

<a href="https://businessdeclares.com/" target="_blank" rel="noopener">Business Declares </a>is a not-for-profit organisation formed of a coalition of senior leaders from businesses including The Body Shop, Pukka and Good Energy. Their aim is to collaborate to accelerate climate action right across the business sector. 
The group frequently shares resources, runs events, lobbies for regulatory change and facilitates conversations on the complex challenges businesses are facing. They also have an official partnership with the <a href="https://climatechampions.unfccc.int/" target="_blank" rel="noopener">UN COP26 Race to Zero Campaign</a>.
When members<a href="https://businessdeclares.com/apply" target="_blank" rel="noopener"> join Business Declares </a>they’re asked to acknowledge their membership on their website, set a net zero target as close as possible to 2030, consider and discuss their Scope 3 impacts, and support ongoing Business Declares advocacy efforts.

blog_climateemergency_industries_journalism_banner_05

Blog_ClimateEmergency_Industries_Journalism_Banner_05

<a href="https://coveringclimatenow.org/" target="_blank" rel="noopener">Covering Climate Now</a> collaborates with journalists to drive more informed reporting on climate change and ensure that the climate is an important part of every newsroom beat. It has also released a <a href="https://coveringclimatenow.org/the-press-and-the-climate-emergency/" target="_blank" rel="noopener">statement declaring a climate emergency</a> and invited all news organisations to sign it. 
The group was co-founded by the Columbia Journalism Review and The Nation in association with The Guardian and WNYC in 2019, and now has over 460 partners.

blog_climateemergency_industries_culture_banner_06

Blog_ClimateEmergency_Industries_Culture_Banner_06

<a href="https://www.culturedeclares.org/" target="_blank" rel="noopener">Culture Declares Emergency </a>is an international movement of individuals and organisations in the arts and cultural sector, who have all declared a climate emergency. 
Those who sign up are asked to make a statement about why they’ve declared and what they plan to do, put a kitemark on their website or email, and get involved by joining working groups, attending events and sharing learnings.

blog_climateemergency_industries_pharmacy_banner_07

Blog_ClimateEmergency_Industries_Pharmacy_Banner_07

Finally, <a href="https://www.pharmacydeclares.co.uk/" target="_blank" rel="noopener">Pharmacy Declares </a>is a group of climate-conscious UK pharmacy professionals calling for organisations across the sector to make their own declarations. They’re also actively pushing for divestments of fossil fuels and positive reinvestments, along with better climate leadership and education in the industry.

blog_climateemergency_industries_howtogetinvolved_banner_08

Blog_ClimateEmergency_Industries_Howtogetinvolved_Banner_08

Clearly, business as usual is no longer an option, so it’s inspiring to see so many businesses and industries stepping up to become part of the solution. What is even more inspiring about these examples, is that they go way beyond simply making a statement. This isn’t about PR, it’s about collectively starting something new. These groups are all engineering plans and policies in their industries to bring about real change.
What these groups show more than anything, is that anyone can spark action in their industry. They all started with like minded individuals coming together, putting a stake in the ground and galvanising others to join through their professional networks. It truly is people power in action. All it takes is a handful of industry peers with a strong will and a clear commitment, and a movement can be born. 
If you want to get involved, first start by researching if your industry has already declared a climate emergency. If it has you can join, take part in the movement and call on your colleagues to do the same. If not, start one! As these examples show you don’t need to wait for permission, and there are very few barriers. Judging by the membership of the groups that have already formed, it seems that there are plenty of people in every industry wanting to get involved. “If you build it, they will come” as the saying goes. 
<h3>We’ll leave you with five tips to bear in mind if you’re thinking of declaring a climate emergency: </h3>
<ol>
<li style="font-weight: 400;" aria-level="1">Rally your peers &#8211; Use your industry and organisational networks to their fullest. Try and get declaring a climate emergency to the top of the agenda at your next company board meeting and look for speaking opportunities at industry events. </li>
<li style="font-weight: 400;" aria-level="1">Bake it into business planning &#8211; Lead the way by basing your business strategy around reversing climate change, shifting business models if needed, and setting big goals to lower your carbon footprint. Many companies are now aiming for net zero by 2030. </li>
<li style="font-weight: 400;" aria-level="1">Set clear targets &#8211; Any big goal needs clear targets to get there, and they need the full backing of your leadership team. </li>
<li style="font-weight: 400;" aria-level="1">Make it inspiring &#8211; Many of these groups have beautiful websites and strong brands. This is important as it will give peers a pull to join the cause, and let them wear their membership like a badge of honour. Perhaps even literally! </li>
<li style="font-weight: 400;" aria-level="1">Empower your colleagues &#8211; Make it easy for employees, colleagues and peers to take action. From providing open letters and statements to sign, to sharing resources and running events, the transition from buying in to taking action should be easy and seamless.  </li>
</ol>
For more information, you can also <a href="https://pardot.bcorporation.net/climateemergencyplaybook" target="_blank" rel="noopener">download B Lab UK’s playbook</a> for business on how to declare a climate emergency.
<a href="https://ecologi.com/plan" target="_blank" rel="noopener">Sign up today to take real climate action with Ecologi</a>.

blog_cop28_whatshappening_header-1

Blog_COP28_WhatsHappening_Header (1)

What is happening at COP28

This year’s annual Conference of the Parties (COP28) has begun, and at Ecologi we’ll be bringing you more analysis and reaction to developments as this 28th session of the parties to the UNFCCC (United Nations Framework Convention on Climate Change) unfolds.
This blog is your ‘go-to’ destination for all the latest updates from the summit. We’ll be posting regular updates from 30 November -12 December to keep you in the know.
What is COP28? Scroll down past our daily updates (or <a href="#whatiscop28">click here</a>) for a comprehensive guide to all things COP28.
What happened at COP27? <a href="https://ecologi.com/articles/blog/what-happened-at-cop27" target="_blank" rel="noopener">Read our blog</a> for a full report on the event in 2022.

COP28 - our daily updates

blog_cop28_whattoexpect_banner_01

Blog_COP28_WhatToExpect_Banner_01

<h2>COP28: what, where and when?</h2>
<a id="whatiscop28"></a>COP28 is the 28th <a href="https://unfccc.int/" target="_blank" rel="noopener">Conference of the Parties to the UNFCCC</a> &#8211; the UN’s primary climate change body. All United Nations member states are Parties to this treaty, as well as the European Union and other non-UN member states. That makes the COPs a huge event in the political calendar, where world leaders come together once per year to discuss, negotiate, and make commitments on climate change.
<a id="whereandwheniscop28"></a>This year’s COP takes place in Dubai, United Arab Emirates, from 30th November to 12th December 2023. The two-week conference will cover a number of crucial climate topics, including <a href="https://www.cop28.com/en/thematic-program" target="_blank" rel="noopener">climate finance, youth, agriculture, and more</a>.
We’ve previously covered events at <a href="https://ecologi.com/articles/blog/whats-happening-at-cop27" target="_blank" rel="noopener">COP27 in Sharm El Sheikh</a> and <a href="https://ecologi.com/articles/blog/what-happened-at-cop26" target="_blank" rel="noopener">COP26 in Glasgow</a>, so do revisit our articles on those if you need a refresher on how it all takes place.

blog_cop28_whattoexpect_banner_02

Blog_COP28_WhatToExpect_Banner_02

<h2><a id="keytalkingpoints"></a>What are the key talking points in the run up to COP28?</h2>
<h3>The hosts</h3>
As ever &#8211; or perhaps more than ever &#8211; this COP is mired in controversy before it’s even begun. As a nation, the host country, the UAE produces the <a href="https://ourworldindata.org/grapher/co-emissions-per-capita?tab=chart&amp;country=ARE~GBR~CHN~AUS~USA" target="_blank" rel="noopener">sixth-most emissions per capita of any country</a> in the world (21.8 tCO2e per capita in 2021, excluding land use change). It is one of the world’s ten largest oil producing countries, with <a href="https://www.trade.gov/country-commercial-guides/united-arab-emirates-oil-and-gas" target="_blank" rel="noopener">around 30% of its economy</a> based on oil production. The COP President is Sultan Ahmed Al Jaber, <a href="https://www.bbc.co.uk/news/science-environment-64240206" target="_blank" rel="noopener">who is CEO of ADNOC</a>, the Emirati state-owned oil company.
The UAE has also <a href="https://www.theguardian.com/environment/2023/aug/01/leak-uae-presidency-un-climate-summit-oil-gas-emissions-yemen" target="_blank" rel="noopener">been accused of attempting to whitewash</a> (and greenwash) its reputation ahead of the conference, including hiring a number of PR and lobbying agencies to promote the country’s image, which is often associated with strict restrictions on freedom, and <a href="https://www.amnesty.org/en/location/middle-east-and-north-africa/united-arab-emirates/report-united-arab-emirates/" target="_blank" rel="noopener">allegations of human rights violations</a>.
<h3>Fossil fuel phase-out</h3>
The ‘High-Ambition Coalition’, a loose group of around 15 Parties including France, the Marshall Islands, Sweden and the UK, has started preparing negotiations to phase out fossil fuels. This is notable because countries and multilateral groups are not always up-front about their negotiating stances prior to the conference, and even more seldom are those stances ambitious enough to meet the challenge of the climate crisis.
You may remember this was a key flashpoint back at COP26, where at the last minute the language of phasing out fossil fuels <a href="https://www.theguardian.com/environment/2021/nov/13/cop26-countries-agree-to-accept-imperfect-climate-agreement" target="_blank" rel="noopener">was disappointingly changed to phase down “inefficient fossil fuel subsidies&#8221;</a> in the final cover decision.
Whether the High Ambition Coalition can maintain this phase out stance throughout two weeks of negotiations remains to be seen. What is certain is that this issue has become the most glaring elephant in the room for the international climate conferences: we all understand that <a href="https://news.un.org/en/story/2022/09/1126931" target="_blank" rel="noopener">the burning of fossil fuels must end</a>. But the politics of the COPs has so far meant that a commitment (even a non-binding one) to end fossil fuel use for good has still not been delivered.
<h3><a id="whoisattending"></a>Who’s going (and who’s not)</h3>
In a first, Pope Francis <a href="https://www.wsj.com/world/pope-francis-to-attend-cop28-climate-change-conference-in-dubai-16c50cd5" target="_blank" rel="noopener">has announced</a> he will be attending COP28 this year, making him the first Pope to do so. He and the Vatican have been happy to speak out on climate change in recent years, including vocally backing the Paris Agreement and <a href="https://www.independent.co.uk/climate-change/news/donald-trump-pope-francis-slap-face-paris-agreement-climate-change-vatican-global-warming-a7767751.html" target="_blank" rel="noopener">criticising the US for withdrawing from it</a> under Donald Trump in 2020 (the US rejoined the Agreement under Joe Biden in 2021).
Biden himself will <a href="https://www.reuters.com/sustainability/cop/biden-unlikely-attend-dubai-cop-climate-meeting-sources-say-2023-10-31" target="_blank" rel="noopener">reportedly not be in attendance</a> this year, though he did attend COP 27 last year, and his administration is known for changing the President’s plans to make appearances last-minute. 
During his speech a few weeks ago where he announced the slackening of some of the UK’s climate commitments, <a href="https://www.bbc.co.uk/news/uk-66871073" target="_blank" rel="noopener">the Prime Minister Rishi Sunak announced</a> that he would be attending COP28. In addition, we now know that King Charles will also be attending, and <a href="https://www.royal.uk/news-and-activity/2023-11-01/the-king-will-attend-cop28-uae-0" target="_blank" rel="noopener">delivering an opening address on 1st December</a>. The King has been very vocal about environmental issues over the years, including <a href="https://www.youtube.com/watch?v=xV9n0LM63Bc&amp;t=12s" target="_blank" rel="noopener">taking part in our very own virtual festival of climate action</a> back in 2020.

blog_cop28_whattoexpect_banner_03

Blog_COP28_WhatToExpect_Banner_03

<h2><a id="whattoexpect"></a>What to expect during the COP</h2>
As is always the case, we can expect lots of talking points, controversies, and politicking to take place throughout the two weeks of the COP. 
Because of the fact that the conference host and key organising figures are so heavily associated with the fossil fuel industry, it seems unlikely that this COP will deliver much in the way of substantive commitments on reducing fossil fuel use. We can probably expect a lot of high-profile speeches and announcements early on, with the legal and policy commitments then steadily being watered-down over the two weeks.
There are other factors too, like a recent history of disappointment from the COPs, which so far have failed to halt annual increases in emissions &#8211; let alone begin reducing them. In the UK, with the conference being later than usual and finishing only two weeks before Christmas, we can probably expect relatively little cut-through into television and news media.
Throughout the conference, we’ll be bringing you regular updates as we follow along with the negotiations and announcements.

<h2>Partner with us for COP28 and beyond</h2>
Over the next 12 months we want to support as many businesses as possible to measure their footprint and help reduce their emissions.
If your business is interested in a brand partnership to help scale climate action or starting its climate journey during COP28 or beyond, get in touch 🌍

Speak to our team. We're here to help find your perfect climate solution.

Don't wait for politicians, your company can lead the way to net-zero

blog_eight_versa_header

Blog_Eight_Versa_Header

Don’t wait for politicians, your company can lead the way to net-zero

<h2>With the cumbersome movement of climate policy, innovative companies must drive change on our route to net-zero.</h2>
 
COP28 is on the way, starting in Dubai at the end of November. It’s fair to say that, given <a href="https://ecologi.com/articles/blog/whats-happening-at-cop27" target="_blank" rel="noopener">the disappointments of last year’s COP</a>, and the fact that this year’s COP President is <a href="https://www.bbc.co.uk/news/science-environment-65708328" target="_blank" rel="noopener">CEO of one of the world’s largest oil companies</a>, expectations are low that international governments will produce positive change which matches the scale and urgency of the climate crisis.
These past few years, the COPs have demonstrated that international policy can be a slow, almost agonising process &#8211; with tense last-minute negotiations, and <a href="https://ecologi.com/articles/blog/cop26-what-happens-now" target="_blank" rel="noopener">the watering down of already-weak pledges</a> and commitments. 
As we look to the COPs, though, it is clear that there are stakeholders elsewhere who are better placed to drive expansive and rapid change in the decarbonisation of our global economy: businesses.

blog_eight_versa_banner_01

Blog_Eight_Versa_Banner_01

<h2>Businesses are set-up to innovate &#8211; but are they doing enough? 
</h2>
Why businesses? Well, we can start by asking ourselves which organisations have the power to facilitate change on a scale that in some cases may exceed many states. <a href="https://www.visualcapitalist.com/the-tech-giants-worth-compared-economies-countries/" target="_blank" rel="noopener">Apple&#8217;s market capitalisation exceeds Italy&#8217;s GDP</a>, <a href="https://www.visualcapitalist.com/the-tech-giants-worth-compared-economies-countries/" target="_blank" rel="noopener">Microsoft&#8217;s surpasses Brazil&#8217;s</a>, and <a href="https://www.visualcapitalist.com/the-tech-giants-worth-compared-economies-countries/" target="_blank" rel="noopener">Meta&#8217;s dwarfs that of Saudi Arabia</a>. With this much influence and access to finance, these private companies have a huge amount of control over the direction of our global net-zero efforts.
Large corporations understand the way the wind is blowing. According to Accenture, around <a href="https://www.accenture.com/us-en/insights/sustainability/reaching-net-zero-by-2050" target="_blank" rel="noopener">a third of the world’s top 2,000 public and private companies </a>have made net-zero commitments. However, according to the same research, around <a href="https://www.accenture.com/us-en/insights/sustainability/reaching-net-zero-by-2050" target="_blank" rel="noopener">93% of them will fall short of these net-zero targets unless they accelerate their efforts</a>.
Why is this? Well, for major corporations, climate ambitions are often perceived as optional corporate social responsibility (CSR) gestures, lacking the rigour and accountability expected of political leaders and international climate governance. This means that whilst businesses are well-placed to take action, often they aren’t yet going far enough.

blog_eight_versa_banner_02

Blog_Eight_Versa_Banner_02

<h2>Taking climate action makes business sense 
</h2>
It’s easy to assume that taking climate action as a business is going to be a huge time and resource sink. And it’s true that the journey to net-zero for most businesses is going to be a long-term challenge &#8211; it’s definitely no walk in the park.
But for many businesses, embracing net-zero presents a significant opportunity. Younger generations &#8211; Generation X, Millennials and Generation Z &#8211; want to see companies taking action, with over <a href="https://www.nielsen.com/us/en/insights/article/2018/global-consumers-seek-companies-that-care-about-environmental-issues/" target="_blank" rel="noopener">80% of consumers from these groups reporting that companies should implement environmental improvement programs</a>. Global investment in sustainability <a href="https://www.weforum.org/agenda/2020/01/sustainability-green-companies-business-partnership/" target="_blank" rel="noopener">has surpassed $30 trillion</a>, demonstrating that as well as individuals, corporate investment initiatives are prioritising the greening of our economy.
Fossil fuel prices are expected to rise steadily, while <a href="https://ourworldindata.org/grapher/levelized-cost-of-energy" target="_blank" rel="noopener">renewable energy costs continue to plummet</a>. For corporations, transitioning to a fossil-free supply chain is a prudent strategy for future-proofing their operations &#8211; both in terms of costs and in terms of energy security.

blog_eight_versa_banner_03

Blog_Eight_Versa_Banner_03

<h2>Corporate leadership during and after COP28</h2>
In contrast to the cumbersome movement of international climate policy, the private sector is often associated with innovation, expertise, and agility. It&#8217;s time for businesses to lead the way, proactively driving the green transition rather than waiting to be nudged by governments.
Companies, as much as countries, are stewards of our planet. Those with influence, finance and power have a responsibility to protect our collective home. Therefore, 2023 must be the year when businesses step up and take the lead in the global effort to combat climate change.

<a href="https://ethy.co.uk/" target="_blank" rel="noopener">ethy</a>
 
<a href="https://ecologi.com/ethy" target="_blank" rel="noopener">ethy</a> makes it easy and affordable for brands to communicate verified sustainability achievements against transparent standards.
 
They are a Climate Action Workforce subscriber with Ecologi and are aiming to be net-zero by 2025. They are also a part of Stripe Climate &#8211; a coalition of businesses accelerating carbon removal by contributing a portion of their revenue to carbon removal technologies.
 
How do you think the private sector can lead in the journey to net-zero?
&nbsp;
In the UK, businesses are increasingly adopting ambitious carbon reduction and net-zero strategies.When the private sector demonstrates successful implementation of sustainable practices, it also signals to policymakers that there’s viable markets for these initiatives. This, in turn, incentivises the government to introduce policies that support these practices.
&nbsp;
What are your plans for COP28?
&nbsp;
Ahead of COP28, we have developed several important new standards in our sustainability framework to guide our business clients on their net-zero journey, including Carbon Measured, Carbon Reduction Targets, and Net Zero Committed. We aim to highlight these crucial practices and showcase our collaborative efforts with organisations like Ecologi that can support our clients in reaching them.

Ecologi businesses that are taking action during COP28

<h2> 
Take action today and speak to our team</h2>
If you&#8217;re a business ready to embrace this crucial responsibility and take a substantial stride towards achieving Net Zero, we invite you to take action today. Complete the form below to speak to our team about how Ecologi and our partners can provide comprehensive carbon footprinting solutions and dedicated support on your journey to reducing emissions.
If you’re a business with less than 100 employees explore our carbon footprinting tool, <a href="https://ecologi.com/business/zero" target="_blank" rel="noopener">Ecologi Zero</a>, designed specifically for UK-based SMEs looking to measure and reduce their carbon footprint.

Go above and beyond during your net-zero journey: Explaining Beyond Value Chain Mitigation

blog_bvcm_header-1

Blog_BVCM_Header (1)

Explaining Beyond Value Chain Mitigation

Beyond value chain mitigation &#8211; what is it? Why should your business do it? How should your business do it?
Science is clear that minimising global warming requires substantial emissions reductions globally, if we are to limit the global temperature increase to below 2°C, and as close as possible to 1.5°C.
Simply offsetting your business emissions is an outdated and ineffective way of thinking about sustainability &#8211; as we set out in our previous article, <a href="https://ecologi.com/articles/blog/carbon-offsetting" target="_blank" rel="noopener">The way we think about carbon offsetting is all wrong</a>. If all the businesses in the world kept doing what they were doing, but offset their emissions, then we would not solve climate change.
So, for businesses to align with the science of climate change, making direct emissions reductions must be the number one priority.
However, whilst working towards those emissions reductions, businesses can (and must) fund high-quality climate‌ action around the world, at the same time &#8211; and this is where Beyond Value Chain mitigation comes in. 
But what does that actually mean? Where does the term come from, and where does it fit within your business’s net zero journey?
<h2>What is Beyond Value Chain Mitigation?</h2>
Beyond value chain mitigation, or BVCM, is a key concept in the <a href="https://sciencebasedtargets.org/resources/files/Net-Zero-Standard.pdf" target="_blank" rel="noopener">SBTi’s Corporate Net-Zero Standard</a>, which is the leading net-zero framework for businesses.
<ul>
<li style="font-weight: 400;" aria-level="1">‘Beyond’ refers to actions a business can take outside of its value chain</li>
<li style="font-weight: 400;" aria-level="1">‘Value chain’ is the system of operations, suppliers and activities that generate business emissions</li>
<li style="font-weight: 400;" aria-level="1">‘Mitigation’ refers to solutions which reduce the impact of climate change.</li>
</ul>
Don’t be put off by the scientific terminology. It just means funding climate action around the world, whilst reducing your business emissions on your journey to net-zero.

blog_bvcm_pullqoute_banner_01-1

Blog_BVCM_PullQoute_Banner_01 (1)

Funding climate action allows businesses to focus on making an instant impact today that contributes positively on a global and societal level, instead of  simply trying to offset their  carbon emissions. Whilst the main priority, direct emissions reductions will take some time, so all businesses can and should start funding climate action (BVCM) today.
<h2>Why should businesses invest in BVCM?</h2>
There are two main vectors for why your business should invest in BVCM: for your business, and for our planet.
<h3>For your business</h3>
As well as your business’s philanthropic values, there is ever-increasing pressure from within and around businesses to take serious action on climate. Your business will want to meet climate targets, attract and retain top talent, make credible green claims about your products and services, and gain a competitive edge &#8211; and each of these is boosted if your business can evidence your contributions to impactful global climate action.
Stakeholders all around your business &#8211; from customers, to employees, to potential investors &#8211; all want to see your business give back to the planet. And BVCM is your business’s vehicle for doing so.
<h3>For our planet</h3>
On a global level, there is still a huge gap between where we are today, and where we need to be. Emissions are still rising, and we are continuing to deplete nature’s precious resources at an alarming rate. At present, globally, humanity is using nature<a href="https://www.overshootday.org/how-many-earths-or-countries-do-we-need/#:~:text=Humanity%20is%20using%20nature%201.7,the%20resources%20of%201.7%20Earths." target="_blank" rel="noopener"> 1.7 times faster</a> than our planet’s biocapacity can regenerate. That’s equivalent to using the resources of 1.7 Earths each year. The UK specifically is using 2.6 more of the natural resources than it should. In addition, we are <a href="https://www.stockholmresilience.org/research/planetary-boundaries.html" target="_blank" rel="noopener">overshooting planetary boundaries</a>, and our <a href="https://www.carbonbrief.org/analysis-what-the-new-ipcc-report-says-about-when-world-may-pass-1-5c-and-2c/" target="_blank" rel="noopener">remaining carbon budget</a> is dwindling. 
Alongside taking accountability for your business’s direct emissions reductions, BVCM supports your business to make a positive contribution out there in the world &#8211; to support global efforts toward net-zero, and to the restoration of nature.

blog_bvcm_pullqoute_banner_02

Blog_BVCM_PullQoute_Banner_02

<h2>How should your business approach BVCM?</h2>

blog_bvcm_approach_banner_01-1

Blog_BVCM_Approach_Banner_01 (1)

<h3>Tonne-for-tonne</h3>
The simplest approach is the tonne-for-tonne approach. This is similar (though not quite the same!) as offsetting or becoming carbon neutral. 
This means that your business buys and retires carbon credits to match 100% of your company’s emissions. If you produce 100 tonnes of emissions, you’ll buy 100 carbon credits. The size of your emissions is used to benchmark the size of your contribution to climate action.

blog_bvcm_approach_banner_02-1

Blog_BVCM_Approach_Banner_02 (1)

<h3>Dollar-for-tonne</h3>
The dollar-for-tonne approach allows you to set a carbon price within your business. For example, you could say that you will fund climate impact of, say, £75, or $100, per tonne of emissions your business produces.
Both of these first two approaches apply the ‘polluter pays’ principle &#8211; meaning that the more emissions your organisation produces, the larger your obligation to fund climate action. Committing to one of these approaches therefore provides your business with a powerful financial incentive to reduce your emissions.

blog_bvcm_approach_banner_03-2

Blog_BVCM_Approach_Banner_03 (2)

<h3>Dollar-for-dollar</h3>
Dollar-for-dollar is the most flexible approach, but can also be the most difficult to implement. It ties your BVCM funding to your financial performance as a business, not to your organisational emissions. Examples could include spending 5% of your business’s annual profits on climate action, or 1% of your annual turnover. As your business grows, so does your funding toward climate action. 
As always, whichever approach you choose, it must be carried out alongside an emissions reduction plan &#8211; otherwise, it’s just greenwashing.
<h2>Which BVCM approach is best?</h2>
Which approach is ‘best’ is likely to depend on your business &#8211; what it does, which industry it is in, and how big it is. The highest impact approach in terms of funding mitigation is often the dollar-for-dollar approach, but this commitment may not be possible for your business &#8211; and it also may not be the highest impact approach, if your business is in a particular industry which has high emissions or small margins.
You can even mix approaches.

By definition, climate action that ‘counts’ towards BVCM are those that help to mitigate climate change, and that take place outside of the value chain.
The SBTi gives some examples: 
<ul>
<li style="font-weight: 400;" aria-level="1">Conservation projects, e.g., peatland or mangrove</li>
</ul>
<ul>
<li style="font-weight: 400;" aria-level="1">Energy efficiency, e.g., cookstove projects</li>
</ul>
<ul>
<li style="font-weight: 400;" aria-level="1">Methane destruction, e.g., landfill gas projects</li>
</ul>
<ul>
<li style="font-weight: 400;" aria-level="1">Renewable energy, e.g., solar/wind/biogas</li>
</ul>
<ul>
<li style="font-weight: 400;" aria-level="1">Industrial gases, e.g., N2O destruction at nitric acid facilities</li>
<li style="font-weight: 400;" aria-level="1">Carbon Removal technologies, e.g., Direct Air Capture (DAC) and Storage</li>
</ul>
Adapted from <a href="https://sciencebasedtargets.org/resources/files/Beyond-Value-Chain-Mitigation-FAQ.pdf" target="_blank" rel="noopener">SBTi (2021)</a>
 
The examples given by the SBTi refer only to the types of projects which generate carbon credits.
 
However, at Ecologi, we encourage businesses to think beyond carbon credits as well. Landscape restoration, ocean conservation, rewilding, climate education, climate justice &#8211; investing in all of these should be considered when preparing a BVCM strategy, and all of them count.

What climate action can I fund?

<h2>What makes a strong portfolio?</h2>
For businesses it can be helpful to think of funding climate action  as a ‘portfolio’, like an investment portfolio. A strong portfolio will have:
<ul>
<li aria-level="1">Integrity. Select projects and initiatives that benefit climate, nature and people. 
</li>
<li aria-level="1">Diversity. Balance different projects and project types in order to both maximise impact and minimise risk. </li>
</ul>
<ul>
<li style="list-style-type: none;"></li>
</ul>
<ul>
<li aria-level="1">Quality. Vet all your selected projects for the quality of their activities. All carbon credits <a href="https://ecologi.com/articles/blog/funding-carbon-credits" target="_blank" rel="noopener">must meet high quality standards</a>.</li>
</ul>
<ul>
<li aria-level="1">Dynamism. Actively monitor the contributions of your business and be proactive with keeping those contributions up-to-date. </li>
</ul>
<ul>
<li aria-level="1">Innovation. Support new projects and initiatives within your portfolio. Don’t be afraid to move things around &#8211; if you find a project isn’t working out, exercise the flexibility and initiative to try something new.</li>
</ul>
In comparing your climate action portfolio to an investment portfolio, don’t expect it to deliver a financial return. It represents your business giving back &#8211; the ‘return’ is in impact for our planet helping to bring us forward to a more equitable, net-zero world. 
<h2>What might your BVCM portfolio look like?</h2>
Here’s an example of what a BVCM portfolio you could build with Ecologi might look like:

blog_bvcm_portfolio_graph_banner-1

Blog_BVCM_Portfolio_Graph_Banner (1)

As you can see, in this example there is a good variety of project types, and funding is provided in different amounts across the different types of projects. This allows you to prioritise project types and locations that matter most to your business.
Remember: <a href="https://sciencebasedtargets.org/blog/net-zero-urgent-beyond-value-chain-mitigation-is-essential" target="_blank" rel="noopener">funding BVCM is urgent and essential</a> whilst on your climate journey &#8211; but in building your BVCM portfolio, you should always consider where best to place your funds to produce the most impact. If you could spend some or all of your BVCM budget for this year on direct emissions reduction (for example, through installing solar panels) then you ought to prioritise that instead.
In this way, BVCM takes its place alongside your plans to reduce emissions directly, and should never displace them.
<h2>When should I start funding climate action?</h2>
The short answer is: start today. 
Funding climate action is not a get-out-of-jail-free card which excuses your business from reducing emissions. However, it can be the quickest and easiest way to get moving on your climate journey.
Moreover, BVCM represents an opportunity you can tackle in the immediate term, whilst you undertake longer-term strategies for directly reducing your emissions. Both components are essential, but they are likely to have different timescales for your business.
<h2>How can I fund climate action through Ecologi?</h2>
Your business can fund the very best climate solutions through our Impact Shop.
From tree planting to renewables, community-based and nature-based carbon avoidance projects and carbon removals including biochar, mangroves &amp; seagrass (blue carbon) and afforestation you can make an instant impact for our planet.
If you already know what you want to fund then visit our Impact Shop <a href="https://ecologi.com/business/impact-shop" target="_blank" rel="noopener">here</a>.
If you need to speak to our team to find the right solution for your business, get in touch below.

Industry declares: How more and more industries are declaring a climate emergency.

Tourism

Music

Fashion

Business

Journalism

Culture

Pharmacy

How you can get involved

More posts

What is happening at COP28

Don’t wait for politicians, your company can lead the way to net-zero

Go above and beyond during your net-zero journey: explaining Beyond Value Chain Mitigation

Stay in touch with Ecologi