The Allied Irish Bank (AIB) and Goodbody Clearstream meeting on sustainability was incredibly insightful! Paul, Katie, and John were so knowledgeable and provided both information and metrics.
Paul taught us that it is important to meet your customer and bring them with you on your sustainability journey. Instead of making sustainable changes to your business and overwhelming customers, a business should help their customer make similar changes. For example, AIB helps landlords make their buildings sustainable instead of deciding not to work with them because they are not sustainable.
Katie shared that the EU CRSD is impacted by American economics and politics. Since the United States is such a competitive country, the EU changed which businesses must report their sustainability initiatives to remain competitive as well.
John closed the meeting with remarks about AIB’s sustainability initiatives. AIB practices not only environmental sustainability, but also social sustainability to make society a better place.
I found it interesting that there are so many different ways to report CSR and sustainability as a business. There are multiple certifications, accreditations, and rankings a business can use to measure CSR and sustainability. I also found it interesting that there are so many aspects of a business that can fall under scope 3 carbon emissions.
My question is how do companies prioritize scope 3 emissions? There is no way to tackle every single thing that falls under scope 3, so I wonder how companies prioritize which ones to work on.