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- Repair, Rework and Reuse with Agilitas IT Solutions
Repair, Rework and Reuse with Agilitas IT Solutions
Shaken Not Burned
Highlighting changemakers and solutions
Welcome to the latest edition of Shaken Not Burned.
This week, we discuss the latest major development in the US presidential election race, KPMG’s latest research on ESG investment trends and London’s climate resilience plans.
We kick off the episode with the biggest news from the US: Joe Biden has officially retired from the presidential race, leaving the door open for his current Vice President, Kamala Harris, to run as a candidate for the Democratic Party. The news has restored hope that there may still be a chance of winning against Trump and preventing his environmentally devastating Project 2025 from being enacted.
Next, we delve into the findings of a recent survey by KPMG, which suggests that ESG is a key factor in mergers and acquisitions. Buyers are willing to pay a premium for companies with a high ESG maturity profile. The corporate world is increasingly aware of the need to factor long-term thinking into their decisions, as is highlighted by the EDHEC-Risk Climate Impact Institute’s finding that 40% of equity value is at risk if decarbonisation does not ramp up.
Finally, we explore the much-anticipated London Climate Resilience Review, a study commissioned by the Mayor of London to ensure that the UK capital is prepared for extreme weather events. It suggests 50 recommendations calling for strategic, delivery, capacity building or investment actions, involving everyone from the government to the local communities.
And in this week’s interview, Felicia talks to Deborah Johnson, head of ESG and Helen Boggs, head of Marketing at Agilitas IT Solutions about their 'repair, rework and reuse' model. Their conversation covers the impact of sustainability reporting and the importance of data accessibility before delving into how ESG affects their business and can lead to long-term client solutions.
Thanks for joining us and don’t forget to listen to this week’s episode wherever you get your podcasts. We hope you enjoy the newsletter and if there’s anything you’d like to see more information about, myths you’d like dispelled or terms you’d like clarified, you can email us at [email protected].
Glossary - Embodied carbon
Embodied carbon is the measure used to quantify CO2 emitted during the production of a certain object, from the extraction of raw materials through manufacturing and transporting the final product to the end-consumer.
This term is often used in the construction sector in reference to buildings, providing a quantified understanding of the emissions generated throughout the manufacturing or component materials and the construction process.
Busting a myth - Companies that make sustainability claims risk being accused of greenwashing
Companies are only meaningfully accused of greenwashing when their sustainability claims are unsubstantiated, vague or deliberately deceitful. The best way to avoid accusations is to provide specific details and clear evidence on how a product or service has been made more sustainable, such as declaring the use of renewable energy, quantifying the reduction in carbon or explaining the materials used.
By providing more information, companies can enhance their appeal to customers, investors and the public at large while raising the bar for competitors in their industry. They can also be more honest about areas that are proving more difficult, demonstrating their willingness to improve rather than simply ticking a box to say that something is or isn’t ‘sustainable’.
What we’ve been reading this week
A United Nations taskforce has said that companies shouldn’t use carbon credits to meet their climate targets. Instead, they should focus on reducing emissions. This judgement is the latest in a heated debate, with the Science Based Targets initiative having been criticised earlier this year for suggesting that the use of carbon credits should be shown greater lenience.
The government of Azerbaijan is calling on major oil and gas companies to pay into a $1 billion fund, which would be used to support poorer countries as they face the climate crisis - essentially making the polluter pay. Unfortunately, its proposed initiative is entirely voluntary and does not include mechanisms to force certain companies or countries to take part.
A court in Berlin has ruled that Germany’s National Air Pollution Control Programme is inadequate to meet the country’s targets and protect people, forcing the government to review the plan. The case, brought by Environmental Action Germany and environmental lawyers ClientEarth in 2020, is first in the EU and another important example of the use of climate litigation as a means of delivering change.
Researchers from have found that polymetallic nodules, metallic formations sitting at the bottom of the ocean and containing minerals crucial for green technologies, produce a substance referred to as “dark oxygen”. The discovery has been hailed as a monumental breakthrough that could cast significant doubt on deep sea mining proposals. With India set to begin its expiration of deep sea resources in the Pacific Ocean and International Seabed Authority negotiations currently taking place in Jamaica, its timing could not be better.
The Food and Agriculture Organization has published its latest report on the State of the World’s Forests, indicating that climate change is making forests more vulnerable to stressors such as wildfires and pests. The report recommends a series of technological, social, policy, institutional, and financial innovations that could help to tackle this issue, such as using artificial intelligence to collect data that could inform plans for intervention.
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