Recognizing that traditional CSR reporting is incomplete, out of date and does
not fully account for business decisions that have significant impact on the
climate crisis, leading household and personal care company Seventh
Generation today launched its Climate
Fingerprints
report, which showcases a new framework and approach to comprehensively
measuring corporate climate impact.
“Businesses continue to churn out the same commitments and climate reports that
do not meet the urgency of the
moment,”
said Alison Whritenour, CEO of Seventh Generation. “Historical approaches to
climate reporting, including our own, have missed the broader picture; and we
are proud to usher in the next generation of climate leadership through the
launch of the Climate Fingerprint framework.”
In 2004, Seventh Generation pioneered radical transparency in CSR reporting with
the launch of its first Corporate Consciousness Report. The 2021 Climate Fingerprints
report marks the next evolution in the company’s communication and
sustainability leadership by introducing a groundbreaking methodology that will
serve as a guidepost for where Seventh Generation focuses its next level of
corporate action and, with the help of partners and other industry players,
drive meaningful change.
The Climate Fingerprints framework goes above and beyond individual business
operations to factor in the impact of all areas where the company has influence
and invests resources — including banking, marketing, insurance, investments,
advocacy, philanthropy, tax dollars and corporate governance, for the betterment
of society and the world we live. Simply put, this approach acknowledges the
impact that corporate cash has on supporting the fossil fuel industry and
follows the money to understand how to better drive change and measure Seventh
Generation’s impact on the environment beyond its traditional metrics.
“Every dollar a company spends can either support an economic system that
extends our dependence on fossil fuels while destabilizing the climate, or can
help to speed the transition to a just, renewable-energy economy,” said Chief
Impact Officer Ashley Orgain. “Just like our products, each of these systems
comes with a price paid in atmospheric carbon. Understanding it is perhaps the
final frontier in our quest to be a ‘real zero’ business. We consider this
report a summons to arms and a call to action.”
As the company asserts in the report, for years corporations have honed the
practice of ‘carbon footprinting’ — determining the total greenhouse gas
emissions (GHGs) caused by an individual, organization, service or product. But,
considering the snail’s
pace
at which we’re making progress towards the urgent goal of keeping global
temperature change below 1.5°C, this is no longer enough.
So, this year, Seventh Gen sought to understand the broader impacts of its
business activities. As explained in the report:
“Every year, we funnel millions of dollars into ancillary services to support our business operations, such as financial, insurance and creative services. We pay taxes. We use our money to fund advocacy and philanthropic efforts. How do the dollars we spend on these services and efforts contribute to a climate fingerprint attributable to Seventh Generation?
“For the quantitative analysis, we calculated the Scope 1, 2 and 3 emissions of our business activities using the boundaries set forth by the Greenhouse Gas Protocol standard, as we have done for years. With guidance from our partners at The Outdoor Policy Outfit, we also estimated the carbon fingerprint generated by our corporate investments and cash (i.e., money held by our — Unilever’s — banking partners). For the qualitative analysis, we drew from frameworks from Project Drawdown, The Sunrise Project, Clean Creatives, Influence Map, Ceres and others to create a matrix of climate impact best practices — including transparency, commitments, business integration and leadership. We then used publicly available data — and in some cases, our own survey data — to evaluate the climate performance of each of our service providers on a lagging, progressing, leading scale.
“We do not intend to shame our partners (we will not disclose names). Rather, our goals are to identify hotspots and to change the model for what it means to take meaningful corporate climate action. This is a first attempt and there will undoubtedly be things we’ve missed or better approaches. But we also know that we will no longer be complicit in amplifying the voice and power of fossil fuel-related companies.”
Report highlights include:
-
Progress against Seventh Generation’s 2030 Science Based Target: Reduce
absolute greenhouse gas emissions 90 percent from 2012 base year
-
Its ambition and target to convert all of its manufacturing partners and
vendors to renewable energy and green power.
-
A methodology developed by the Carbon Bankroll Initiative to calculate
the financed emissions of Seventh Generation’s cash, approximately = 9,700
MT/CO2e.
The Climate Fingerprints report also uses a strong equity lens, centering on
communities who have been adversely impacted the most and
longest
by the climate crisis. Seventh Generation says its strategies and action plans
will be developed through a just and equitable lens, using the Climate
Fingerprint approach as the foundation.
As Orgain sums up in the report: “We seek to push the practice of corporate
environmental reporting dramatically forward and advance a far more complete
vision of authentic climate leadership free of finger-pointing. In that critical
sense, we consider this report a summons to arms and a call to action both swift
and sweeping. It is the blueprint for a cooler world. And we issue the challenge
it contains to our stakeholders and our fellow businesses alike with all the
haste we have.”
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Sustainable Brands Staff
Published Sep 19, 2022 2pm EDT / 11am PDT / 7pm BST / 8pm CEST