The Nordic networks of the UN Global Compact are hosting an online interactive discussion series on sensitive climate topics. We aim to explore the complexities and credibility of three topical questions in the area of climate action; market-based mechanisms, avoided emissions, and beyond value chain mitigation. The purpose is to provide an opportunity for dialogue and collaboration between standard- and agenda-setting organizations and forward-thinking companies and to support companies in finding their paths towards net-zero emissions.
Please send your questions to the speakers when you register. The discussion will be shaped based on these inputs.
These webinars are for UN Global Compact participating companies only and will be hosted under the Chatham House rule.
Series:
- 21 May, 14:00 – 15:00: Market-based Accounting for Scope 3
- 28 May, 13:00 – 14:00: Avoided Emissions
- 11 June, 13:00 – 14:30: Beyond Value Chain Mitigation
Read more about the webinars and sign up below.
Market-based Accounting for Scope 3
21 May, 14:00 – 15:00 CET | Online
In recent years market-based accounting methods have been proposed, for example, for aviation fuels, agricultural commodities, and freight transport. These proposals aim to extend the type of market-based accounting used for scope 2 emissions, to also cover scope 3 emissions. Also, the GHG Protocol has started to research the role of market-based accounting approaches in corporate GHG accounting and reporting, including value chain emissions.
Market-based mechanisms might help in situations where direct engagement with suppliers or full traceability of the supply chain is not possible and could be a way to support the development of lower-emission solutions. However, market-based methods come with uncertainties about their efficacy and concerns around credibility.
Join us for an informative discussion on the evolving landscape of market-based accounting. We will introduce the current state of market-based accounting for scope 3, explore the different mechanisms available, discuss criteria and safeguards to ensure credibility and hear an overview of upcoming developments from the GHG Protocol.
Speakers:
- David Short, Senior Manager – Market-based Accounting for Greenhouse Gas Protocol, World Business Council for Sustainable Development
- Anna Henio, Head of Climate and Nature, Posti Group
Agenda:
- Introduction and welcome, Karoliina Koistila, UN Global Compact Finland
- Greenhouse Gas Protocol’s perspective to market-based accounting, David Short
- Company perspective to market-based accounting, Anna Heino
- Discussion and Q&A
Avoided Emissions
28 May, 13:00 – 14:00 CET | Online
Many companies are keen to show how their products or services contribute to a low-carbon economy and avoid greenhouse gas emissions when compared to other offerings in the market.
While avoided emissions can help companies move from being seen merely as sources of emissions to contributors to solutions and innovation. It is critical that such claims are robust, rigorous, and communicated credibly.
In 2023, the World Business Council for Sustainable Development published its Guidance on Avoided Emissions recognising that there is a need to raise the bar of current avoided emissions claims. It provides guidance on how companies can make credible avoided emission claims.
Join us for an informative and interactive discussion with Marvin Henry (World Business Council of Sustainable Development) and leading UN Global Compact participating companies to discuss the evolving landscape of avoided emissions. We’ll introduce the key points from the Guidance and discuss what is and isn’t legitimate when it comes to accounting for and reporting on avoided emissions.
Speakers:
- Marvin Henry, Senior Manager – Avoided Emissions, World Business Council for Sustainable Development
- Victor Gancel, Climate and Decarbonization Lead, Danfoss
Agenda:
- Introduction and welcome, UN Global Compact Norway
- World Business Council for Sustainable Development – Guidance on Avoided Emissions, Marvin Henry
- Company Case: Victor Gancel, Danfoss
- Company case (TBC)
- Discussion and Q&A
Beyond Value Chain Mitigation
11 June, 13:00 – 14:30 CET | Online
To remain aligned with international climate standards, companies must primarily reduce their own emissions and emissions in the value chain. However, the concept of Beyond Value Chain Mitigation (BVCM) – helping to reduce emissions outside of companies’ value chains – has become a key part of many companies’ climate strategies. It is also one of the key recommendations in the Science Based Target Initiative’s (SBTi) Corporate Net-Zero Standard.
Acquiring carbon credits on the voluntary carbon market has become one of the most popular ways for companies to mitigate emissions beyond their value chain. The credits allow companies to take increased climate action in parallel with their work to decarbonize emissions within their value chains. The credits can also enable internal carbon pricing schemes within companies and create added social value in the communities they help support, such as local job opportunities, improved health, and education.
Yet carbon credits have long been under a lot of scrutiny and criticism for over-promising climate effects and being non-transparent. Moreover, companies have to navigate new EU directives battling greenwashing, which significantly limits the ways in which companies can communicate about use of climate credits and increases reputational risks.
In this webinar, we examine the SBTi’s BVCM recommendations and examine the voluntary carbon market and its potential role in companies’ climate action strategies.
Speakers:
- Peter Svendsen, Founder – Road2Zero (on behalf of the Danish Climate Forest Foundation)
Agenda:
- Introduction and welcome, Joachim Marc Christensen, UN Global Compact Denmark
- Introduction to BVCM: What are the recommendations and opportunities, The Science-Based Targets initiative
- Voluntary Carbon Market: Opportunities, risks and new EU directives, Peter Svendsen, Road2Zero,
- Company case (TBC)
- Discussion and Q&A
