Tailored Solutions for Impact

It offers six levels of certification:

• Level 1: Mapping (Footprint measurement)
• Level 2: Reduction (Carbon management towards a reduced carbon footprint)
• Level 3: Optimization (Third party engagement in carbon footprint reduction)
• Level 3+: Neutrality (Carbon neutrality for direct emissions by offsetting)
• Level 4: Transformation (Transforming airport operations and those of its business partners)
• Level 4+: Transition (Compensation for residual emissions with reliable offsets)

Additionally, ACI offers the ACI-ICAO Aerodrome Certification, which helps airports apply and maintain ICAO Standards and Recommended Practices (SARPs) as laid out in ICAO Annex 14 and the Manual on Certification of Aerodromes (Doc 9774).

Purpose: The standard aims to help organizations continually reduce their energy use, energy costs, and greenhouse gas emissions. ICAO Annex 14 and the Manual on Certification of Aerodromes (Doc 9774).

Systematic Approach: ISO 50001 enables organizations to follow a systematic approach in achieving continual improvement of energy performance, including energy efficiency, security, use, and consumption.

Framework: It provides a framework for organizations to:

• Develop a policy for more efficient energy use
• Set targets and objectives to meet the policy
• Use data to make informed decisions about energy use
• Measure results
• Review policy effectiveness
• Continually improve energy management

Plan-Do-Check-Act: The standard follows a plan-do-check-act approach for continual improvement.

Certification: Organizations can get certified to ISO 50001, though it's not mandatory. Certification demonstrates a commitment to energy management and can provide confidence to stakeholders.

Benefits: Implementing ISO 50001 can lead to reduced energy costs, increased competitiveness, and minimized greenhouse gas emissions. Canadian industrial companies that implemented ISO 50001 achieved an average cumulative energy performance improvement of nearly 10% within the first two years.

Compatibility: ISO 50001 is compatible with other management system standards like ISO 9001 (quality management) and ISO 14001 (environmental management), making integration easier for organizations.

Global Impact: According to the Clean Energy Ministerial, implementing ISO 50001 globally could save up to 30% of total energy use in industry by 2030.

For manufacturers interested in improving their energy management and sustainability efforts, ISO 50001 provides a comprehensive framework to achieve these goals.

Here are key points about TCFD:

Purpose: TCFD aims to improve and increase reporting of climate-related financial information, helping financial markets price risk correctly and allocate capital efficiently.

Structure: The TCFD recommendations are organized around four core elements:

• Governance
• Strategy
• Risk Management
• Metrics and Targets

Disclosure Areas: Companies are encouraged to disclose information on:

• Climate-related risks and opportunities
• Actual and potential impacts on business, strategy, and financial planning
• Processes for identifying, assessing, and managing climate-related risks
• Metrics and targets used to assess and manage relevant climate-related risks and opportunities

Scope: The recommendations apply to all organizations, including banks, insurance companies, asset owners, and asset managers.

Adoption: As of 2023, nearly 5,000 organizations have publicly declared their support for TCFD recommendations.

Regulatory Trend: Many jurisdictions are moving towards making TCFD-aligned disclosures mandatory, particularly for financial institutions.

Implementation Progress: The 2023 TCFD Status Report shows that 58% of companies disclosed in line with at least five of the eleven recommended disclosures, up from 18% in 2020.

Challenges: The finance sector faces challenges in implementation, particularly in obtaining sufficient climate-related information from investee companies.

Future Focus: Areas for continued development include ensuring interoperability with other standards, developing sector-specific implementation guidance, and improving disclosure quality and consistency.

For financial institutions looking to enhance their climate-related risk management and disclosure practices, aligning with TCFD recommendations is becoming increasingly important and can provide a structured approach to addressing climate-related financial risks and opportunities.ShareRewrite

 For the infrastructure industry, GRESB offers several key assessments:

Infrastructure Asset Assessment:

• Evaluates ESG performance of operational infrastructure assets
• Covers management and performance components
• Applicable to various sectors including energy, water, transport, and social infrastructure

Infrastructure Development Asset Assessment:

• Focuses on greenfield development and pre-operational assets
• Uses dynamic materiality based on sector, location, and development phase
• Helps improve sustainability strategies throughout an asset's lifecycle

Infrastructure Fund Assessment:

• Assesses ESG management and performance of infrastructure funds
• Consists of a Management Component and an optional Performance Component
• Suitable for sector-focused, geographic-focused, and diversified infrastructure funds

These assessments provide:

• Systematic reporting and objective scoring
• Peer benchmarking
• Insights for investors and fund managers
• Identification of ESG risks and opportunities
• Alignment with global sustainability standards

GRESB's infrastructure assessments cover a wide range of sectors and apply sector-based materiality weightings to tailor the evaluation to different infrastructure types. The annual assessment process includes data submission, validation, scoring, and benchmarking, resulting in high-quality ESG data for decision-making and reporting.