DOCSLIB.ORG

Driving Climate Resilience Through Carbon Mitigation CDP Canada 200 Climate Change Report 2014

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Driving Climate Resilience Through Carbon Mitigation CDP Canada 200 Climate Change Report 2014 Driving climate resilience through carbon mitigation CDP Canada 200 Climate Change Report 2014 On behalf of 767 investors representing US$92 trillion in assets 02 03 Contents 04 Karen Clarke-Whistler Chief Environment Officer, TD Bank Group 05 Paul Simpson Chief Executive Officer, CDP 06 Executive summary 08 Introduction: New risks emerging 10 Emissions and policy backdrop: Canadian target will not be met 12 CDP disclosure and lagging emissions performance findings 16 Building resilience to climate change 18 GHG mitigation and resilience case studies 20 Responding to increased climate risks with resilience planning 22 Cost of mitigation 24 Resilience best practices: High-level corporate responsibility for climate change strategy 26 Turning resilience into win-wins 27 Resilience, business continuity and risk management 28 Resilience and policy engagement 29 Conclusions 29 Disclosure leaders Climate Disclosure Leadership Index 30 Appendix I Scores, emissions, and company detail by sector 33 Appendix II Non-responding companies 34 Appendix III Other responding companies Important Notice The contents of this report may be used by anyone providing acknowledgement is given to CDP. This does not represent a license to repackage or resell any of the data reported to CDP and presented in this report. If you intend to repackage or resell any of the contents of this report, you need to obtain express permission from CDP before doing so. CDP has prepared the data and analysis in this report based on responses to the CDP 2014 climate change information request. No representation or warranty (express or implied) is given by CDP as to the accuracy or completeness of the information and opinions contained in this report. You should not act upon the information contained in this publication without obtaining specific professional advice. To the extent permitted by law, CDP do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this report or for any decision based on it. Cover photo: Richard S. Warner, A.O.C.A. Flickr CDP North America, Inc, is a not–for-profit organization with 501(c)3 charitable status in the US. July 8, 2013. Thunderstorm approaching Toronto. © 2014 CDP. All rights reserved. 04 05 Karen Clarke-Whistler Paul Simpson Chief Environment Officer, TD Bank Group Chief Executive Officer, CDP Canadian corporations are recognizing the One irrefutable fact is filtering through to benefit of working together. But let’s not kid companies and investors: the bottom line is at ourselves, this is a journey and we have a long risk from environmental crisis. way to go. Let me start by congratulating the companies included Take our approach to facilities—it led us to introduce net The global economy has bounced back from crisis and a cautious on the CDP Canada 200 index for 2014. A record number zero energy branches, install solar panels on more than optimism is beginning to pervade the markets. As we embrace recovery of organizations responded to CDP’s call for information 100 buildings, retrofit lighting and redesign corporate we must remember that greenhouse gas emissions continue to rise on their greenhouse gas emissions and climate change office space among other things. The result? We’ve seen and we face steep financial risk if we do not mitigate them. strategy, which tells us that more than ever, Canadian an 11-percent reduction in carbon emissions from energy, corporations are recognizing the benefit of working and our energy costs are lower. We’re more resilient as together. But let’s not kid ourselves, this is a journey and we’re better able to deal with the energy demands of The unprecedented environmental challenges that we climate change risk mitigation and water management, we have a long way to go. extreme temperatures. confront today—reducing greenhouse gas emissions, and have divested from both timber and palm oil safeguarding water resources and preventing the companies that did not meet their standards. The theme of this year’s report, resilience, is particularly We’ve also learned a huge amount about efficient energy destruction of forests—are also economic problems. apt. The extreme temperatures and a number of very se- use and renewable energy, which has led to business There is growing momentum on the policy front with One irrefutable fact is filtering through to companies vere weather-related incidents—from the floods of Alberta opportunities. In 2013, TD provided $3.3 billion in financing President Obama’s announcement of new federal rules and investors: the bottom line is at risk from to the Toronto ice storm—put people and businesses at to companies with low-carbon operations, including to limit greenhouse gases in the US. In the EU, some environmental crisis. risk, and the financial cost has been enormous. renewable energy, and this year saw us become the first 6,000 companies will be required to disclose on specific financial institution in Canada to issue a green bond—a The impact of climate events on economies around the environmental, social and governance criteria as part As business leaders, we must recognize that extreme tem- $500 million offering dedicated to funding green initiatives, world has increasingly been splashed across headlines of their mainstream reporting to investors. In China peratures and severe weather–related incidents are the re- including low-carbon and renewable energy projects. in the last year, with the worst winter in 30 years suffered over 20,000 companies will be required to report their ality we’ll be operating in for the foreseeable future. There is by the USA costing billions of dollars. Australia has greenhouse gas emissions to the government. broad recognition of the need to shift toward a low-carbon The severe weather of the past year has had a major experienced its hottest two years on record and the UK economy, and more and more organizations are working impact on insurance companies, TD Insurance included. There is a palpable sea change in approach by has had its wettest winter for hundreds of years costing toward this end. But this alone is not enough—we must Building more climate resilience is key—keeping companies driven by a growing recognition that there is a the insurance industry over a billion pounds. Over three also build “resilience” into our business strategy. insurance rates reasonable is in the best interest of both cost associated with the carbon they emit. Measurement, quarters of companies reporting to CDP this year have insurance companies and the public they serve. There transparency and accountability drives positive change What do we mean by resilience? It is, as CDP says, the disclosed a physical risk from climate change. Investing in is much that can be done. TD Insurance, for example, is in the world of business and investment. Our experience ability to prepare for, mitigate and recover from climate climate change–related resilience planning has become a member and sponsor of the Institute for Catastrophic working with over 4,500 companies shows the multitude impacts. Being resilient from a corporate perspective crucial for all corporations. Loss Reduction and is on the board of the Alberta of benefits for companies that report their environmental means thinking long and hard about the potential effects Severe Weather Management Society. It also subscribes Investor engagement on these issues is increasing. impacts, unveiling risks and previously unseen of a changing climate on our businesses and adapting our to a weather service so that it can proactively support In the US a record number of shareholder resolutions in opportunities. infrastructure, policies, processes, products and even the customers before severe weather hits. The insurance the 2014 proxy season led 20 international corporations way we interact with employees and customers to be as We are standing at a juncture in history. With the prospect sector is a front-line example of how companies can to commit to reduce greenhouse gas emissions or resilient as possible. It is a daunting challenge, but one of a global climate deal coming from the United Nations work with individual citizens, helping them understand sustainably source palm oil. that can lead to business opportunities, something that process, governments, cities, the private sector and civil the impacts of severe weather and steps they can take to has become very apparent to TD. As mainstream investors begin to recognize the real society have a great opportunity to take bold actions and build resiliency into their homes and lives. value at risk, we are seeing more action from some of the build momentum in the run up to the Paris 2015 meeting. Back in 2008, when we announced our intention to Building our resilience is vital, and as corporations there 767 investors who request disclosure through CDP. The The decisions we make today can lead us to a profitable be carbon neutral, we made reducing our own carbon is much that we can and must do in terms of our own Norwegian pension fund, Norges Bank, with assets worth and secure future. A future that we can all be proud of. footprint a priority. Carbon reduction, whether through businesses and broader society. $260 billion, expects companies to show strategies for energy-saving measures or the use of renewable energy, has to be a consideration in just about everything we do, The time for action has come. from how we design and operate facilities, to how we use technology and the way our employees work. 1 www.un.org/ climatechange/towards-a- climate-agreement/ 06 07 Executive summary Recent extreme weather events in Canada have brought the importance In this report, we present findings that show: of corporate climate resiliency measures and emissions mitigation to • 44% of Canadian companies have not set the core of business planning.
Load more

Recommended publications
  • Improving City Vitality Through Urban Heat Reduction with Green Infrastructure and Design Solutions: a Systematic Literature Review
    buildings Review Improving City Vitality through Urban Heat Reduction with Green Infrastructure and Design Solutions: A Systematic Literature Review Helen Elliott, Christine Eon and Jessica K. Breadsell * Curtin University Sustainability Policy Institute, School of Design and the Built Environment, Curtin University, Building 209 Level 1, Kent St. Bentley, Perth, WA 6102, Australia; [email protected] (H.E.); [email protected] (C.E.) * Correspondence: [email protected] Received: 29 September 2020; Accepted: 23 November 2020; Published: 27 November 2020 Abstract: Cities are prone to excess heat, manifesting as urban heat islands (UHIs). UHIs impose a heat penalty upon urban inhabitants that jeopardizes human health and amplifies the escalating effects of background temperature rises and heatwaves, presenting barriers to participation in city life that diminish interaction and activity. This review paper investigates how green infrastructure, passive design and urban planning strategies—herein termed as green infrastructure and design solutions (GIDS)—can be used to cool the urban environment and improve city vitality. A systematic literature review has been undertaken connecting UHIs, city vitality and GIDS to find evidence of how qualities and conditions fundamental to the vitality of the city are diminished by heat, and ways in which these qualities and conditions may be improved through GIDS. This review reveals that comfortable thermal conditions underpin public health and foster activity—a prerequisite for a vital city—and that reducing environmental barriers to participation in urban life enhances physical and mental health as well as activity. This review finds that GIDS manage urban energy flows to reduce the development of excess urban heat and thus improve the environmental quality of urban spaces.
    [Show full text]
  • CDP NON-DISCLOSURE CAMPAIGN: 2020 RESULTS Measuring the Impact of Investor Engagement on Corporate Environmental Disclosure
    DISCLOSURE INSIGHT ACTION CDP NON-DISCLOSURE CAMPAIGN: 2020 RESULTS Measuring the impact of investor engagement on corporate environmental disclosure WWW.CDP.NET CONTENTS CDP NON-DISCLOSURE CAMPAIGN 2 Introduction In the fight against climate change, 2020 ended with perhaps more 3 Non-Disclosure Campaign overview optimism than it started with. Analysts predict that recent net-zero Good disclosure enables pledges made by several countries, including China and the incoming US 5 2020 campaign disclosure results investors to assess how well administration, could, if achieved, limit global temperature rise to around companies manage their 2.1 degrees by the end of the century - around a degree lower than the 19 Regional focus ESG risks. CDP now reflects trajectory of current policies1. This could bring the world within striking 11 Climate change TCFD requirements and is a distance of the well below 1.5 degree target set out in the Paris Agreement. However, figures recently released from Brazil’s National 13 Forests model disclosure framework Institute for Space Research (INPE) show that deforestation in one of the 5 1 Water security on climate change, one of world’s largest carbon sinks has increased by 9.5% over the past year, the broadest risks facing with 11,088 km2 of Amazonian forest being destroyed. 17 Sectoral focus companies. We encourage all 19 Climate change companies to respond fully to Greater action is needed if the world is to avoid the worst effects of 21 Forests the CDP questionnaire. catastrophic climate change. The capital markets and corporate sector have a vital role to play.
    [Show full text]
  • 2017 Preliminary Attendee List April 10-12, 2017 ● Hyatt Regency Toronto, on ● Procureconca.Wbresearch.Com
    2017 Preliminary Attendee List April 10-12, 2017 ● Hyatt Regency Toronto, ON ● procureconca.wbresearch.com REGISTER NOW SPONSORSHIP Last Updated: Monday, March 27, 2017 Job Title Company Strategic Sourcing Manager 3M Canada CEO and Executive Board Chairperson ACSPE Supply Chain Manager Aecon Group Inc Senior Strategic Sourcing and Development Agropur Vice President Training, Process & Technologies Specialist – Agropur Strategic Sourcing & Development Business Travel Airbnb Marketing Analyst, Awareness and Verticals American Express, Inc. VP- Strategic Sourcing Amyantek Inc Field Marketing Mgr. - Canada Ariba Inc.(SAP Company) Association of Corporate Travel Executives Senior Regional Manager (ACTE) Sourcing Vice President Bank of Montreal Head Of Procurement Bayer Corporation Vice President, Supply Chain BC Clinical and Support Services Society Senior Strategic Procurement Manager Bell Mobility Supply and Studio Design Director Best Western International, Inc. Head, Technology Procurement BMO Financial Group Procurement Team Lead Bombardier Aerospace Manager, Sourcing Management Canada Post Corporation Manager, Sourcing Management Canada Post Corporation General Manager, Sourcing Management Canada Post Corporation Manager, Sourcing Manager Canada Post Corporation Director, Procurement Canada Post Corporation April 10-12, 2017 Hyatt Regency Toronto, ON 1.888.482.6012 Director, Strategic Sourcing, Procurement & Canadian Diabetes Association Facilities Senior Director, Vendor Governance, Expense Canadian Imperial Bank of Commerce & Contract
    [Show full text]
  • OSC Bulletin Volume 42, Issue 14 (April 4, 2019)
    The Ontario Securities Commission OSC Bulletin April 4, 2019 Volume 42, Issue 14 (2019), 42 OSCB The Ontario Securities Commission administers the Securities Act of Ontario (R.S.O. 1990, c. S.5) and the Commodity Futures Act of Ontario (R.S.O. 1990, c. C.20) The Ontario Securities Commission Published under the authority of the Commission by: Cadillac Fairview Tower Thomson Reuters 22nd Floor, Box 55 One Corporate Plaza 20 Queen Street West 2075 Kennedy Road Toronto, Ontario Toronto, Ontario M5H 3S8 M1T 3V4 416-593-8314 or Toll Free 1-877-785-1555 416-609-3800 or 1-800-387-5164 Contact Centre – Inquiries, Complaints: Fax: 416-593-8122 TTY: 1-866-827-1295 Office of the Secretary: Fax: 416-593-2318 The OSC Bulletin is published weekly by Thomson Reuters Canada, under the authority of the Ontario Securities Commission. Thomson Reuters Canada offers every issue of the Bulletin, from 1994 onwards, fully searchable on SecuritiesSource™, Canada’s pre-eminent web-based securities resource. SecuritiesSource™ also features comprehensive securities legislation, expert analysis, precedents and a weekly Newsletter. For more information on SecuritiesSource™, as well as ordering information, please go to: http://www.westlawecarswell.com/SecuritiesSource/News/default.htm or call Thomson Reuters Canada Customer Support at 1-416-609-3800 (Toronto & International) or 1-800-387-5164 (Toll Free Canada & U.S.). Claims from bona fide subscribers for missing issues will be honoured by Thomson Reuters Canada up to one month from publication date. Space is available in the Ontario Securities Commission Bulletin for advertisements. The publisher will accept advertising aimed at the securities industry or financial community in Canada.
    [Show full text]
  • Kenya Climate Risk Country Profile
    CLIMATE RISK COUNTRY PROFILE KENYA COPYRIGHT © 2021 by the World Bank Group 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org This work is a product of the staff of the World Bank Group (WBG) and with external contributions. The opinions, findings, interpretations, and conclusions expressed in this work are those of the authors and do not necessarily reflect the views or the official policy or position of the WBG, its Board of Executive Directors, or the governments it represents. The WBG does not guarantee the accuracy of the data included in this work and do not make any warranty, express or implied, nor assume any liability or responsibility for any consequence of their use. This publication follows the WBG’s practice in references to member designations, borders, and maps. The boundaries, colors, denominations, and other information shown on any map in this work, or the use of the term “country” do not imply any judgment on the part of the WBG, its Boards, or the governments it represents, concerning the legal status of any territory or geographic area or the endorsement or acceptance of such boundaries. The mention of any specific companies or products of manufacturers does not imply that they are endorsed or recommended by the WBG in preference to others of a similar nature that are not mentioned. RIGHTS AND PERMISSIONS The material in this work is subject to copyright. Because the WBG encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given.
    [Show full text]
  • Match Your Gift When You Give To
    Double the Impact of Your Gift Match Your Gift when you give to with the help of your employer LIST OF COMPANIES WITH MATCHING GIFT PROGRAMS Double or even triple your gift to the Schulich School of Business. Make your gift go even further! Many companies participate in gift matching programs. Some companies will even match gifts made by retirees and spouses of employees. To find out if your company has a matching gift policy, please look for your employer’s name below. If your company is eligible, request a matching gift form from your employer, complete it, and send it to us. We will do the rest. The impact of your gift may be doubled or possibly tripled! If you don’t see your company on the list, be sure to ask your Human Resources representative or Charitable Giving/ Grants Department if this is an option for you. Schulich School of Business, Development and Alumni Relations, Seymour Schulich Building, Room W362N, 4700 Keele Street, Toronto, ON M3J 1P3 Email: [email protected] • Phone: 416-736-5648 Access Pipeline Autodesk, Inc.,r,d,$50 CGC Canadian Gypsum KEY TO SYMBOLS Adobe Systems, Inc.,d,$25 B.F. Goodrich Canada Inc.,r,d,$25 Company,r,$25 Advanced Micro Devices,$25 BCD Travel,$25 CNA Financial Corporation,$25 Ratio - company matches gifts Aetna, Inc. Matching Grants,r,d BCE Inc. Canada Capital One Canada at a ratio other than 1:1 Agilent Technologies, Inc.,d,$100 BHP Billiton,$15 Carlyle Group,$25 d - board of Directors are eligible Agrium,$50 BMO Financial Group,r,d,$25 Caterpillar, Inc.,r,d,$50 to have gifts matched Aimia BP Canada Energy Company,$25 Celestica, Inc.,$25 r - retired employees are eligible Alaska Air Group, Inc.
    [Show full text]
  • Canada Capital Markets Review
    Canada Capital Markets Review FIRST HALF 2019 | MANAGING UNDERWRITERS Canada Capital Markets Review First Half 2019 | Managing Underwriters Global Deals Intelligence Canada Debt Capital Markets Issuance (C$bil) $200 350 Canadian Debt Capital Markets $180 Overall Canadian DCM issuance (excluding self-funded deals) totaled C$91.5 billion in the first half of 300 2019, a 4% decrease from the year prior. On a quarter-over-quarter basis, proceeds fell by 3% and the $160 number of issues fell by 7% and 10% on a year-over-year and quarter-over-quarter basis respectively. $140 250 Government and Agency debt led the market, with a 59% share of overall issuance at the end of the first six months. Financials and Energy & Power followed, with 21% and 10% market shares, $120 respectively. 200 $100 RBC placed first in nearly all Canadian rankings in the first half, including Canadian All Debt (including 150 & excluding self-funded), Canadian Domestic Corporate Debt (including and excluding self-funded), $80 Canadian Domestic Government Debt (True Economics), and Canadian Cross Border transactions. National Bank placed first in Canadian Domestic Government Debt (Full Credit). $60 100 Overall, the top corporate deals list for the first six months, exclusive of self-funded issues, was led by $40 Hydro One with C$1.5 billion of issuance, followed by Enbride Pipelines with $1.2 billion, and 50 Northwestern Hydro with C$1.1 billion. $20 Canadian Equity Capital Markets $0 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Canadian Equity & Equity-Related issuance (excluding self-led issuance) totaled C$11.6 billion from Q1 Q2 Q3 Q4 H1 # of Deals 137 issues in the first half, representing a 33% decrease in total proceeds from the previous year, but a 46% climb from the previous quarter.
    [Show full text]
  • Q1 2021 Open Text Corp Earnings Call on November 05, 2020 / 10
    REFINITIV STREETEVENTS EDITED TRANSCRIPT OTEX.TO - Q1 2021 Open Text Corp Earnings Call EVENT DATE/TIME: NOVEMBER 05, 2020 / 10:00PM GMT REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us ©2020 Refinitiv. All rights reserved. Republication or redistribution of Refinitiv content, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 05, 2020 / 10:00PM, OTEX.TO - Q1 2021 Open Text Corp Earnings Call CORPORATE PARTICIPANTS Harry Edward Blount Open Text Corporation - Senior VP & Global Head of IR Madhu Ranganathan Open Text Corporation - Executive VP & CFO Mark J. Barrenechea Open Text Corporation - Vice Chairman, CEO & CTO CONFERENCE CALL PARTICIPANTS Frank Joseph Surace Barclays Bank PLC, Research Division - Research Analyst Paul Steep Scotiabank Global Banking and Markets, Research Division - Analyst Paul Michael Treiber RBC Capital Markets, Research Division - Director of Canadian Technology & Analyst Richard Tse National Bank Financial, Inc., Research Division - MD & Technology Analyst Stephanie Doris Price CIBC Capital Markets, Research Division - Director of Institutional Equity Research and Software & Business Services Research Analyst Thanos Moschopoulos BMO Capital Markets Equity Research - VP & Analyst PRESENTATION Operator Thank you for standing by. This is the conference operator. Welcome to the OpenText Corporation First Quarter Fiscal 2021 Conference Call. (Operator Instructions) And the conference is being recorded. (Operator Instructions) I would like to turn the conference over to Mr. Harry Blount, Senior Vice President, Investor Relations. Please go ahead, sir. Harry Edward Blount - Open Text Corporation - Senior VP & Global Head of IR Thank you, operator, and good afternoon, everyone.
    [Show full text]
  • Kenya's Climate Change Action Plan: Low Carbon Climate Resilient
    Kenya’s Climate Change Action Plan: Low Carbon Climate Resilient Development Pathway November 2012 The website for Kenya’s Climate Change Action Plan can be accessed at: http://www.kccap.info International Institute for Sustainable Development Kenya’s Climate Change Action Plan: IISD is a Canadian-based, public policy research institute that specializes in policy Low Carbon Climate research, analysis and information exchange. The institute champions sustainable Resilient Development development through innovation, research Pathway and relationships that span the entire world Energy research Centre of the Netherlands ECN develops high-quality knowledge and technology for the transition to sustainable energy management. ECN introduces this knowledge and technology to the market. SC1 team: ECN’s focus is on energy conservation, sustainable energy and an efficient and clean Deborah Murphy, Dave Sawyer, use of fossil fuels. Seton Stiebert, Scott McFatridge, International Institute for ASB Partnership for the Tropical Sustainable Development Forest Margins at the World Agroforestry Centre Laura Würtenberger, Xander van ASB is the only global partnership devoted Tilburg, Michiel Hekkenberg, Energy entirely to research on the tropical forest research Centre of the Netherlands margins. ASB aims to raise productivity and income of rural households in the humid Tom Owino, William Battye, tropics without increasing deforestation or ClimateCare undermining essential environmental services. Peterson Olum, Climate Change Consultant For further information, please contact: Temi Mutia, Regional Institute for Social Enterprise Kenya Deborah Murphy, IISD Tel: +1-613-238-2296 Email: [email protected] Laura Würtenberger, ECN Tel: +31 88 515 49 48 Email: [email protected] This document is an output from a project funded by the UK Department for International Development (DFID) and the Netherlands Directorate-General for International Cooperation (DGIS) for the benefit of developing countries.
    [Show full text]
  • 2018 Annual Report Fellow Shareholders, Governance and Shareholder Outreach
    Manulife Financial Corporation Who Manulife Financial Corporation is Our five Portfolio Optimization we are a leading international financial strategic We are actively managing our priorities services group providing financial 1 legacy businesses to improve advice, insurance, as well as returns and cash generation while wealth and asset management reducing risk. solutions for individuals, groups, and institutions. We operate as John Hancock in the United States Expense Efficiency and Manulife elsewhere. We are getting our cost structure 2 into fighting shape and simplifying and digitizing our processes to position us for efficient growth. Accelerate Growth We are accelerating growth in our 3 highest-potential businesses. Our Digital, Customer Leader mission Decisions We are improving our customer 4 experiences, using digitization and made easierr. innovation to put customers first. Lives High-Performing Team made betterr. We are building a culture that 5 drives our priorities. Our Our Values represent how we Obsess Do the Values operate. They reflect our culture, about right thing inform our behaviours, and help define how we work together. customers Manulife Note: Growth in core earnings, assets under Core Earnings (C$ billions) management and administration (AUMA), and by the new business value are presented on a constant $5.6 billion exchange rate basis. numbers Total Company, Global Wealth and Asset Management (Global WAM), and Asia core earnings up 23%, 21%, and 20%, respectively, from 2017. 5.6 4.6 4.0 3.4 2.9 2014 2015 2016 2017 2018 Assets Under Management and Administration Net Income Attributed to Shareholders (C$ billions) (C$ billions) $1,084 billion $4.8 billion Over $1 trillion in AUMA.
    [Show full text]
  • Odgers Berndtson CFO Talent Report 2021
    CFO Talent Report 2021 WHAT’S NEXT FOR FINANCE LEADERSHIP ODGERS BERNDTSON CFO PRACTICE THE CFO REPORT Over the past 16 years, Odgers Berndtson tracked CFO TALENT movements in CFO leadership and analyzed trends in demographics, tenure, education and other aspects of professional development to better understand how the REPORT 2021 composition of top CFOs is evolving. We also interviewed leaders from Canada’s top organizations, including WHAT’S NEXT Shopify, Celestica and George Weston Limited, in order to gain insight into how public companies are recruiting, FOR FINANCE managing succession planning and developing their LEADERSHIP finance talent for the future. What we continue to see is that the growing demand The CFO role has never been more critical or more in for strategic acumen, transformational capabilities and demand — and yet the gap continues to grow between balanced oversight of an ever-expanding portfolio has what companies want in their CFOs and their ability to made the CFO role one of the most demanding and critical recruit and develop these top finance leaders. roles in the C-suite, and also increasingly harder to fill. Canada is in the midst of a CFO talent crunch and our new Chief Financial Officers have been thrust into the spotlight report explores what organizations can do about it. to help their companies adjust to market conditions, reinvent outdated business models or simply ensure enough liquidity to survive. To be successful, today’s finance leaders must quickly move beyond the numbers Succession planning is and understand the key levers to creating value across the more important than ever business and driving growth.
    [Show full text]
  • Climate Change: Defining Adaptation and Resilience, with Implications for Policy
    May 11, 2021 Climate Change: Defining Adaptation and Resilience, with Implications for Policy Congress has increased its attention to risks that climate Definitions of Climate Change Adaptation variability and change pose to communities, the economy, Scientific and programmatic literature defines adaptation in and other dimensions of society. Legislative provisions various ways. Below are a few examples among the variety related to climate change have referenced resilience or of definitions. The IPCC defines adaptation as adaptation. Federal, state, and local agencies, and other stakeholders, often intend different meanings when they [t]he process of adjustment to actual or expected refer to resilience and climate change adaptation. climate and its effects. In human systems, adaptation seeks to moderate harm or exploit This product presents selected definitions in use for beneficial opportunities. In natural systems, human resilience and climate change adaptation, and describes intervention may facilitate adjustment to expected trends and evolutions in use related to climate change. To climate and its effects.… (Noble et al. 2014) assist Congress as it considers proposals to enhance adaptation and resilience, and exercises its appropriations The U.S. Global Change Research Program (USGCRP), in and oversight functions, this product seeks to clarify and its Glossary, defines adaptation as “adjustment in natural or identify some of the choices implied by differences among human systems in response to a new or changing definitions. Terms used and definitions provided in environment that exploits beneficial opportunities or legislation, regulation, and guidance may shape how moderates negative effects.” The Fourth National Climate executive agencies or the courts interpret congressional Assessment, also associated with the USGCRP, says that direction and its implementation.
    [Show full text]