New York Climate Week: Scope 3 Solutions for ESG Leaders
Friday, 9/27 for NYC Climate Week by Climate Group we hosted a jam-packed session specifically on Scope 3 solutions featuring Julia Collins (Planet FWD) & Lizzy Kolar (Scope Zero).
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Friday, 9/27 for NYC Climate Week by Climate Group we hosted a jam-packed session specifically on Scope 3 solutions featuring HearstLab sustainability superstars Julia Collins (Planet FWD) & Lizzy Kolar (Scope Zero)
First up: Greenhouse Gas 101. Bottom line? “Scope 3 emissions is where the chaos happens because this is all the emissions throughout your value chain.”
So…what to do about it?
Scope 3 Solutions for ESG Leaders
Lexie Sachs (Good Housekeeping) dug in with Julia and Anna Turrell (Decathalon) on the exciting opportunities and major complexities of how retail & CPG companies are moving the needle with their climate goals. Top takeaways:
- Everyone (companies, suppliers, consumers) needs data to make decisions…but, it must be reasonable, trackable, and consistent in order to realistically make systemic improvements. Enter: Planet FWD.
- While food & bev is slightly ahead of the game due to consumer demand (AKA people care about the ingredients they’re putting in their body!), it doesn't matter where/what industry you’re in…regulation is coming!
- Data must be coupled with education, upskilling, and incentives (including how jobs are positioned and measured…think “Chief Value Officer” vs. “Chief Financial Officer”)
- There is a huge interconnectivity of issues. Win-wins can take us farther (e.g. eliminating deforestation also reduces emissions footprint).
- Ultimately: “The name of the game now is emissions reduction. This is why the work of engaging the supply chain is so important.”
Scope 3 Solutions for HR Leaders
Next, we heard from 3 next-gen employee benefit models working to enable sustainable decision making at enterprise scale.
- Scope Zero is reimagining HSAs with a lens of financial & emissions reductions incentives. More: https://scope-zero.com/
- Carbon Collective (Breene) is leveraging existing 401K frameworks to empower individuals to make ESG-based investment decisions: https://www.carboncollective.co/
- Terra.do (Anshuman) is building community & culture through climate education. More: https://www.terra.do/
Yes, yes, and yes! We could not be more inspired by these passionate founders, their visions, and our engaged audience.
Special shout out to Hearst’s VP of Real Estate & Facility Planning Lou Nouwikas for hosting a “behind the scenes” tour of the Tower, one of NYC’s most iconic & sustainable high rises.
Check out the full recording of this session to dive deeper.
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