Climate and Company (CLIMCO)
Leading Tasks
T5.4: Standard uptake through engagement with the European Financial Reporting Advisory Group
Lead: CLIMCO (23PM).
Effort by contributors: GLOBE (2PM), NILU (1PM), NILUAB (1PM), ULEI (1PM), UOY (1PM), COOL (1PM). Timing: M1-48. DDMXX this should not appear since we should not re-initailize again in tasks.ts. To support EU disclosure regulation a continuous effort will be dedicated to integrating the insights acquired from this and adjacent portfolio projects into the development relevant sustainability reporting standard setters, including EFRAG and others, e.g. GRI and/or ISSB considering evolving policy contexts. Particular attention will be given to supporting European Sustainability Reporting Standards (ESRS), focussing on the sector-specific standards for the food and beverages sector. Two team members from Climate & Company are seconded to EFRAG’s writing team for the sector standards Agriculture, Farming and Fishing as well as Food and Beverages. They will be able to include significant insights from GREENGROCER into shaping the disclosure requirements of the latter. While EFRAG remains a key standard setter to engage, we recommend broadening our engagement to include other relevant standard setters, particularly GRI and potentially ISSB. This broadened approach is especially important considering the EU Commission’s Omnibus Proposal, which increases the relative relevance of voluntary, internationally recognized standards like GRI. Including those stakeholders, too, could enhance the project’s relevance and impact. The development of the Food and Beverages standard relies on leveraging scientific insights into the ESG impacts of food and beverage systems to formulate disclosure requirements that are both ambitious in addressing the needs of people and the planet, while also being practical and feasible for companies to report on. Furthermore, the insights of this project will help to create meaningful and comparable data that is used by financial institutions to make informed investment decisions, necessary for the sustainable transition. Milestones: M5.2 Introduction of GreenGrocer activities to the ESRS working group (M24). In this task we will create an online platform (exact format TBD) that will highlight and help match innovative solutions developed in the project and challenges and information gaps in sustainability disclosure field, especially within regard to the food sector. By explicitly showcasing both solutions and challenges, we can better match innovative approaches with existing needs and help project outputs to take policy needs into consideration more easily and timely. This platform would serve as an interface between solution providers (e.g. researchers from the project consortium) and those that need them (e.g. standard setters). While standard-setters (EFRAG and others) are an important audience, we envision the platform and its content being accessible and informative to a broader group, including companies aiming to improve their sustainability reporting and the financial sector developing financing solutions for the transition. Similarly, we could also showcase relevant solutions beyond the project through the platform. While active engagement by different groups directly on / through the platform would be valuable, the platform can also function as a resource for us to extract insights and share them with relevant contacts. Contributes to:
D5.3 (M22).
This task is linked to the following milestones: MS5.2 (M24).
Responsible For Deliverables
Deliverable D5.7 — Gaps and Solutions Platform
| Deliverable Number | D5.7 | Lead Beneficiary | CLIMCO |
| Deliverable Name | Gaps and Solutions Platform | ||
| Type | DEC | Dissemination Level | PU |
| Due Date (month) | M24 | Work Package No | 5 |
| Description | |||
| Not available |
Contributions in WP6
Contributing 1PM to:
T6.1: Management of financial legal and administrative requirements
Lead: NILU (9PM).
Effort by contributors: NILUAB (2PM), UOY (2PM), ETHZ (1PM), GLOBE (1PM), SEI (1PM), UOXF (1PM), ARBO (1PM), COOL (1PM), CLIMCO (1PM), ULAT (1PM), BUW (1PM), DDS (1PM), ZHAW (1PM), ULEI (0.5PM), INTEC (0.5PM). Timing: M1-49. In this task we will manage and coordinate all financial and administrative activities in the project, including monitoring and maintaining the overall adherence to the financial budgets. T1.1 will deliver a project toolbox to ensure a smooth communication and cooperation between the project partners. This task will forward the EU contribution according to the work plan, the Consortium Agreement and the decisions made by the consortium. The administrative and financial monitoring of the project will be done by the project coordinator in cooperation with the Project Management Board (coordinator and WP leaders).