From Benchmarks to Checkmarks: Holistic Sustainability Strategy

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Steve Kline Chief Revenue Officer, Sustainable Resource Management
Amy Tsui Director, Sustainability Solutions
Jeremy Faust Environmental Sustainability Leader, Fifth Third Bank
Resource Management
Sustainability Strategy
Renewables

On-Demand Webinar │ Held November 16, 2021

Corporations play an imperative role in leading the transition to a sustainable future. But that’s easier said than done. It’s complicated to balance sustainability efforts across resources and to make progress while growing a company.

In this webcast, Fifth Third Bank pulls back the curtain on its journey to set—and achieve—holistic sustainability goals. Then experts from ENGIE Impact share insights and tools on how your organization can develop its own holistic sustainability strategy.

This one-hour conversation covers:

Video Transcript

Transcript has been edited for clarity

Amy Tsui: As the demand for organizations to prioritize sustainable goals increases and progressive companies set increasingly aggressive commitments, the bar continues to rise. When working to understand what it means to have a credible target, there are five main components to consider:

  1. Trajectory: The goals should be aligned with science and include near-term milestones.
  2. Governance Structure: There should be a structure to support accountability and decision-making throughout the journey. Acknowledging that you won’t know all the answers to get you to the next target and have processes in place to continue the momentum and accountability is important.
  3. Boundary and Scope: Consider what boundaries and scopes are inclusive and need to be addressed. Scopes 1, 2 and 3 are now relevant and, in some cases, expected.
  4. Internal Strategy: Is a clear internal-facing reduction strategy in place with an appropriate abatement hierarchy? This means first reducing your direct emissions before shifting to the external reduction strategy.
  5. High-Quality Offsets: Utilize offsets or renewable energy credits to support your strategy as needed.

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