Norfolk Southern introduces online carbon calculator

Norfolk Southern has launched a new online carbon calculator to help customers measure and mitigate carbon emissions resulting from their supply chain decisions.

NS, which first introduced a carbon calculator in 2008, says its new version is more accurate because it captures the full cycle of fuel usage, with fuel consumption from locomotives applied to each railcar based on weight and distance traveled, as well as fuel used in yard and local operations, and container handling of intermodal traffic. The calculator offers fuel efficiency information for 18 railcar types and 30 commodities, plus intermodal.

Users enter the type of commodity they want to transport, shipment weight and frequency, then choose from over 75,000 origins and destinations in the U.S. The calculator provides data on estimated and avoided emissions, carbon dollars saved, highway miles avoided, trucks and cars taken off the road, and other carbon equivalents.

Read the company news release.

A Google-backed carbon footprint tracker could be a game-changer for small businesses

Read the full story at Protocol. The calculator is part of the SME Climate Hub.

Tracking carbon emissions is hard, especially for small and medium-sized businesses. A Google-backed company is coming to their rescue, though.

Swedish startup Normative introduced a free version of its carbon emissions tracker, which it created to help relatively small companies get a baseline understanding of their emissions. That’s the first step to putting together a climate plan.

A guide to addressing your Scope 3 value chain emissions

Read the full story at GreenBiz.

As organizations around the world take action to address climate change, many are committing to ambitious climate goals, including net zero carbon emissions, carbon neutrality and science-based targets. However, knowing the proper steps to take to achieve climate goals can sometimes be a challenge, particularly as it relates to Scope 3 value chain emissions. Value chain emissions lie outside an organization’s direct operations, and can therefore be more difficult to address — but they often represent the majority of a company’s greenhouse gas (GHG) emissions. There are three key steps to addressing value chain emissions — measurement, materiality and engagement — that will help demystify the process of reducing Scope 3 emissions.

Carbon measurement platform Persefoni raises $101 million

Read the full story in ESG Today.

Climate management and accounting platform Persefoni announced today that it has raised $101 million in a Series B financing round, with proceeds aimed at accelerating the company’s geographic and product expansion plans…

Persefoni also made a series of product announcements today, including the rollout of a free tier of its carbon accounting platform for SMBs. Additionally, the company is introducing a climate scenario modelling solution, integrating the Science Based Targets initiative’s (SBTi) Temperature Scoring Model, enabling users to create models for their organizations aligned with 1.5C or 2C implied temperature rise.

BCG survey: Inability to measure emissions accurately a major roadblock to climate goals

Read the full story at ESG Today.

Boston Consulting Group (BCG) and its AI-focused team BCG GAMMA announced the release of a new survey into companies’ efforts to reduce emissions, indicating that many companies are failing to meet their climate goals, and often report inaccurate emissions data.

Anti-greenwashing project launches for UK food and drink sector

Read the full story at Beverage Daily.

The UK’s Environment Agency has announced a project to standardise metrics to measure the environmental performance of the food and drink sector. FoodNavigator asks the Food and Drink Federation (FDF) for its take on the initiative.

Google Cloud enables users to measure emissions from platform usage, expands carbon-free solutions suite

Read the full story at ESG Today.

Google Cloud announced today the launch of a series of new climate-focused tools, aimed at enabling users to assess and reduce the emissions impact of their cloud-based workloads, and better address the climate impact of their businesses.

Industry’s first carbon label: Foodsteps helps restaurants and food businesses quantify CO2 impact

Read the full story at Food Ingredients First.

Foodsteps, a food-tech start-up established by Cambridge University scientists and alumni, has formally launched in the UK. It’s the first British tech firm to provide carbon tracking and impact labeling to restaurants, caterers and food businesses. This initiative helps companies calculate, reduce and label the environmental impact of their food.

NTAM launches ESG scoring tool providing material, forward-looking company ESG view

Read the full story at ESG Today.

Global investment manager Northern Trust Asset Management (NTAM) announced today the launch of the Northern Trust ESG Vector Score, a new tool designed to determine the magnitude and direction of ESG risks for companies, aimed at assessing companies.

According to NTAM, the new tool provides a consistent, transparent methodology to gain greater clarity into the financial impact of sustainability on companies, in order to build and manage sustainable portfolios.

GRI’s Business Leadership Forum offers opportunities for stakeholder collaboration

A new forum will leverage the power of corporate reporting to drive action towards accomplishing the Sustainable Development Goals (SDGs), by facilitating dialogue and collaboration between companies and their stakeholders.

The GRI Business Leadership Forum is built around a series of quarterly online sessions with representatives from key stakeholder groups – including investors, governments, regulators, supply chains, civil society and academia. GRI reporting organizations around the world can now sign up for this two-year program.

The forum, which will start in March 2021, includes:

  • A blend of expert guidance, peer learning and relationship building with multiple stakeholder groups
  • Practical support on identifying and understanding different stakeholder needs, in order to showcase the company’s commitment to the SDGs
  • Opportunities to demonstrate sustainability leadership, by contributing to a series of session summaries and masterclasses, as well as co-creating a final outcome report.

“To mobilize the efforts and resources required to deliver the SDGs, we need to do all we can to increase collaboration between businesses and other stakeholders. And as we consider how to achieve a sustainable and inclusive recovery to the pandemic, the urgency is all the more evident.

Our Business Leadership Forum will provide companies with practical insights that can raise the quality and strategic relevance of their SDG reporting. It also offers a unique opportunity for multi-stakeholder collaboration, unlocking better outcomes both from the business and sustainable development perspectives.”

Mirjam Groten, GRI’s Chief Business Development Officer

Find out more about the Corporate Reporting as a Driver to Achieving the SDGs, including eligibility, program schedule and fees. The forum builds on the Corporate Action Group for Reporting on the SDGs (delivered by GRI and UNGC), which is set to conclude at the end of 2020.

In October, GRI and Enel launched an engagement series exploring how partnerships and transparency can ensure action in support of the SDGs. Three regional events have taken place, which will inform a summit early next year.

GRI provides resources and guidance to help companies report their contribution towards the SDGs, as well as an SDG mapping service so that these contributions are accurately disclosed and understood.