UK’s Climate Change transition – A progress update and the next challenge? (Phil Cumming)
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We will hear new change perspectives from the Rapid Transition Alliance and leading Corporate Sustainability professionals. Join us for an intense session of thought leadership and cutting-edge insights for transitioning the UK’s Economy
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UK’s Climate Change transition – A progress update and the next challenge? (Phil Cumming)
- 1. Phil Cumming Senior Sustainability Manager Marks & Spencer pc @PhilCHike
- 2. iema.net What are the issues and forces driving transformational change? Source: World Economic Form’s Transformation Maps Climate change Pricing Carbon, Disclosing Risk Benefits of Climate Action Transitioning to Clean Energy Building Coalitions Understanding Climate Risks Engaging with Climate Policy Securing Sustainable Landscapes Pricing carbon, and measuring climate change’s financial impact, can reduce emissions and enable smarter planning Transitioning to a low-carbon economy can create economic opportunities Lowering the cost of clean energy, and incentivising its development, can decrease emissions A diverse array of stakeholders is critical for climate actionActing on climate change means limiting risks around the world, for the benefit of future generations Public and private sector collaboration on implementing global agreements can safeguard against climate change Integrated approaches to land use can help address food security, rural development, and climate change
- 3. iema.net How is M&S responding to the climate agenda? • When we launched Plan A in 2007 we had 29 climate targets and since then have reduced our absolute operational carbon footprint by 70% • Large non-intensive user of carbon – energy equivalent to 1% of turnover (c17% pre-tax profits) • Calculated our full scope carbon footprint – well over 90% attributed to our wider value chain • Engage in wide range of voluntary initiatives • 1st major retailer to be ISO 50001 certified and held Carbon Trust Standards on carbon, water & waste • Only major retailer with carbon neutral global operations in accordance with PAS 2060 since 2014 • Published a Science Based Target Initiative approved target in 2017: – Aim to reduce GHG emissions from M&S operations worldwide by 80% compared to 2006/07, on route to a 90% reduction by 2035 (Scope 1 and 2) – Reduce our indirect GHG emissions from upstream & downstream sources by at least 13.3m tonnes (Scope 3) • Publish annual updates in our Plan A Report, a more detailed GHG and Climate Change Performance Report and an Qualifying Explanatory Statement in Support of PAS 2060 declarations • Planning started for post 2025 zero emission or zero emission capable controls coming into effect in key metropolitan areas
- 4. iema.net What barriers and conundrums are getting in the way of action? • UK political uncertainty and leadership • Erosion of global policy coordination on climate change • Technology constraints and ability to control or influence infrastructure • Huge measurement, scope and data challenges • Long-term decision-making vs short-term investment hurdles • Unintended consequences of limited holistic or systemic thinking – including climate adaptation • Is the advent of Science Based Targets causing more confusion? • Lot’s of uncertainty post 2020 – how will this impact the offsets that are available? • Not enough organisations stepping up to take action or demand a step change in ambition – how can we make this more real? • Is society ready for some of the big changes that are required? • Are we transparent enough? • Are we failing fast enough?