Modelling and Scope 2 emissions: Difference between pages
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''Sustainability - environmental policy - greenhouse gas emissions.'' | |||
Scope 2 emissions cover indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the organisation. | |||
''(Source - Greenhouse Gas Protocol)'' | |||
:<span style="color:#4B0082">'''''Novel 'reward or punish' RCF reflects Scope 1 & Scope 2 emissions'''''</span> | |||
:"In 2020, [Ahold Delhaize] built on that step with the launch of a revolving credit facility (RCF) designed to incentivise the maintenance of high ESG standards via a novel ‘reward or punish’ mechanism. | |||
:Tied intrinsically to the firm’s broader policies on corporate citizenship, the €1bn RCF provides for either a reduced or increased margin, depending on whether the firm’s activities align with three key performance indicators (KPIs) that are core, relevant and material to food retail: | |||
:'''1. Food waste reduction''' Linked to a specific percentage drop in tonnage of waste per every €1m of food sales, in support of UN Sustainable Development Goal 12.3; | |||
:'''2. Carbon emissions reduction''' As measured by a set percentage drop in Scope 1 and Scope 2 CO2-equivalent emissions from the firm’s own operations, aligned with its 2030 goals certified under the Science Based Targets initiative; and | |||
:'''3. Promotion of healthier eating''' As measured by a set percentage of own-brand food sales from healthy products." | |||
:''ACT Deals of the Year Awards 2020 - Ahold Delhaize'' | |||
== See also == | == See also == | ||
* [[ | * [[Carbon credits]] | ||
* [[ | * [[Carbon footprint]] | ||
* [[Carbon-neutral]] | |||
* [[Carbon tax]] | |||
* [[CO2]] | |||
* [[Corporate social responsibility]] | |||
* [[Emissions]] | |||
* [[Environmental concerns]] | |||
* [[Environmental profit and loss]] | |||
* [[Footprint]] | |||
* [[Greenhouse gas]] | |||
* [[Key performance indicator]] | |||
* [[Montreal Pledge]] | |||
* [[Renewables]] | |||
* [[Revolving credit facility]] | |||
* [[Science Based Targets initiative]] | |||
* [[Scope 1 emissions]] | |||
* [[Scope 3 emissions]] | |||
* [[Streamlined Energy and Carbon Reporting]] | |||
* [[Sustainable Development Goals]] | |||
* [[Zero emissions]] | |||
==External link== | |||
* [https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf Greenhouse Gas Protocol] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Corporate_finance]] | |||
[[Category:Investment]] | |||
[[Category:Long_term_funding]] | |||
[[Category:Compliance_and_audit]] | |||
[[Category:Ethics]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Risk_reporting]] | |||
[[Category:Financial_products_and_markets]] |
Latest revision as of 06:41, 28 January 2022
Sustainability - environmental policy - greenhouse gas emissions.
Scope 2 emissions cover indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the organisation.
(Source - Greenhouse Gas Protocol)
- Novel 'reward or punish' RCF reflects Scope 1 & Scope 2 emissions
- "In 2020, [Ahold Delhaize] built on that step with the launch of a revolving credit facility (RCF) designed to incentivise the maintenance of high ESG standards via a novel ‘reward or punish’ mechanism.
- Tied intrinsically to the firm’s broader policies on corporate citizenship, the €1bn RCF provides for either a reduced or increased margin, depending on whether the firm’s activities align with three key performance indicators (KPIs) that are core, relevant and material to food retail:
- 1. Food waste reduction Linked to a specific percentage drop in tonnage of waste per every €1m of food sales, in support of UN Sustainable Development Goal 12.3;
- 2. Carbon emissions reduction As measured by a set percentage drop in Scope 1 and Scope 2 CO2-equivalent emissions from the firm’s own operations, aligned with its 2030 goals certified under the Science Based Targets initiative; and
- 3. Promotion of healthier eating As measured by a set percentage of own-brand food sales from healthy products."
- ACT Deals of the Year Awards 2020 - Ahold Delhaize
See also
- Carbon credits
- Carbon footprint
- Carbon-neutral
- Carbon tax
- CO2
- Corporate social responsibility
- Emissions
- Environmental concerns
- Environmental profit and loss
- Footprint
- Greenhouse gas
- Key performance indicator
- Montreal Pledge
- Renewables
- Revolving credit facility
- Science Based Targets initiative
- Scope 1 emissions
- Scope 3 emissions
- Streamlined Energy and Carbon Reporting
- Sustainable Development Goals
- Zero emissions