How to build a successful decarbonization strategy

Humanity is at a pivotal moment in its history. It dominates a planet with limited resources, using tools whose current energy sources pose a threat to its future.

Following COP21, 183 states ratified the Paris Agreement. The 6th IPCC report stresses the urgency and the importance of the actions to be taken to reduce our greenhouse gas emissions. The mobilization of states and corporations, as well as the development of appropriate new technologies, are critical conditions to achieve this collective objective.

Les Ateliers du Futur (ADF) is a non-profit worldwide organization that mainly focuses on climate and that targets corporations because they generate the most greenhouse gas emissions and therefore have the power to meet the challenge of decarbonization: financial means (capabilities), decarbonization technologies (skills), and, most often, the will to implement them (will).

In order to reinforce this will, often competing with other shorter-term priorities, the ADF considers it urgent to develop comprehensive extra-financial reporting standards for climate impact. They are indeed the best lever for transparency, and therefore instrumental for enterprises that are sensitive to their reputation to increase their commitment to the benefit of the climate.

For this reason, the ADF has developed and recommended at the end of 2021 a draft climate-oriented NFR standard, the Net Climate Liability (NCL) standard reporting.

At the end of Q1 2022, IFRS Foundation and EFRAG issued their exposure drafts of sustainability-related and climate-related reporting standards. Following comments from reporting users, standard setters and other key stakeholders, including NGOs, these standards are planned to be in force as soon as the end of 2022.

The ADF welcomes these initiatives, as they will enhance transparency and peer pressure.