tag:blogger.com,1999:blog-8008724049496903547.post8546885885688388457..comments2024-03-19T12:59:20.494+02:00Comments on csr-reporting: 10 Sustainability Insights from the Oil and Gas Industry elainehttp://www.blogger.com/profile/07433863039389159395noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8008724049496903547.post-36169694467022818182015-10-29T15:49:23.811+02:002015-10-29T15:49:23.811+02:00Hey Elaine -- thanks for your response -- I agree ...Hey Elaine -- thanks for your response -- I agree that a global framework for reporting GHG emissions in the context of science-based thresholds (eg 2 degrees / 350ppm / carbon budget) is the best way forward. GRI's SustyContext Principle provides the conceptual underpinning, and the WWF / WRI / CDP / UNGC Science-Based Targets initiative provides methodologies. It would have been helpful if the IPIECA had stepped up to provide industry-endorsed guidance on this vital issue, but it appears that this is not the case. And I'm not aware of a specific agenda item at COP21 on creating such a global framework that you suggest -- let's let each other know about it if we hear anything :-)<br />Hope to see you at the GRI Conference!<br />Best,<br />Bill Bill Bauehttps://www.blogger.com/profile/05002371789159262070noreply@blogger.comtag:blogger.com,1999:blog-8008724049496903547.post-85293627939193208572015-10-28T19:15:55.263+02:002015-10-28T19:15:55.263+02:00Hi again Bill, yes, I understand the move toward s...Hi again Bill, yes, I understand the move toward science-based targets. I am looking forward to a transformational outcome of COP21 to provide, among other things, a framework for companies around the world to operate within. I believe the issue of climate change reqires a collective response that goes beyond the specific reporting practice of any single company or sector. elainehttps://www.blogger.com/profile/07433863039389159395noreply@blogger.comtag:blogger.com,1999:blog-8008724049496903547.post-31626051942527170052015-10-28T17:48:21.576+02:002015-10-28T17:48:21.576+02:00Thanks Elaine -- so am I correct in assuming that ...Thanks Elaine -- so am I correct in assuming that the IPIECA guidance does not call for budget-based accounting of carbon? As you likely know, the corporate world is heading toward science-based targets (see for example http://www.sciencebasedtargets.org/ ), so IPIECA seems to be lagging on this front. I would be very interested to hear a more expansive explanation of your perspective on this. Thanks!Bill Bauehttps://www.blogger.com/profile/05002371789159262070noreply@blogger.comtag:blogger.com,1999:blog-8008724049496903547.post-66724242420915900852015-10-28T17:26:54.434+02:002015-10-28T17:26:54.434+02:00hi Bill, thanks for reading and for your comments ...hi Bill, thanks for reading and for your comments about reporting and the carbon budget. As always, an interesting observation. Best, Elaine elainehttps://www.blogger.com/profile/07433863039389159395noreply@blogger.comtag:blogger.com,1999:blog-8008724049496903547.post-73966333294594035552015-10-28T15:21:40.260+02:002015-10-28T15:21:40.260+02:00Very interesting, Elaine! One quick follow-up ques...Very interesting, Elaine! One quick follow-up question: in the GHG emissions reporting guidance, I don't see anything about comparing emissions to the carbon budget -- which is really the primary reason for reporting GHG emissions in the first place. Am I missing something? Or does IPIECA really leave this integral step out of the mix? If so, the implications are profound! I know you've written elsewhere on your blog on the importance of reporting impacts within the context of ecological limits (ie your piece on the uselessness of materiality matrices), so I wonder when the reporting world is going to catch up with this necessary practice... Bill Bauehttps://www.blogger.com/profile/05002371789159262070noreply@blogger.com