IBFGROUP

• ISO 14064
• GHG Protocol
• ISAE 3410

Climate change can be called a problem of ‘deep uncertainty’. Many links in chain of anthropogenic GHG emissions, physical changes in climatic system and their socioeconomic impacts are difficult to quantify. However, financial and policy decision-makers often cannot simply rely on a best guess as to how the future will unfold, and the risks associated with climate change need to be embedded into their policies and strategies. In order to proactively manage the risks, governments, global corporations and institutional investors must engage with their business partners. This includes requests for disclosure of emission levels, environmental impact assessments, as well as full disclosure and reporting on sustainability management policies and practices. Initiatives such as the CDP can be utilized in this context. Transparency as a consequence of disclosure, or simply meeting market needs, is a good reason for

representatives to publish their organization’s GHG inventory and ultimately mitigates risks of climate change.