Understanding physical and transitional risks and opportunities
As climate change awareness and concern continues to increase throughout the world, beverage companies are proactively driving strategies to reduce the greenhouse gas emissions (GHG) associated with their enterprises as well as the life-cycles of their products. Through the allied voice of BIER, members collaborate to monitor and adapt to changing physical and transitional conditions and climate scenarios in alignment with the Task Force on Climate-Related Financial Disclosures (TCFD). This combination of decarbonizing operations and adapting to external conditions drives BIER’s work on common practices for calculating, tracking, benchmarking, managing, and reporting decarbonization and climate change adaptation within the beverage sector.
Climate Change Risk Briefs
The following briefs are intended to build capacity and a more practical understanding of select TCFD risk categories, opportunities, and potential business impacts.
A weather event that falls outside normal pattern is classified as extreme weather. Outside of normal patterns are defined as weather conditions that are unseasonal, unexpected, or intensity that’s outside of local historical norm. Though the threshold is subjective, commonly, extreme events are those that occur in the highest or lowest 5% or 10% of historical measurements.
The Intergovernmental Panel on Climate Change (IPCC) defines a flood as “the overflowing of the normal confines of a stream or other body of water or the accumulation of water over areas that are not normally submerged”. There are many different types of floods and due to the variety of types, there are very few places in the world protected from flood events. The majority of floods can be predicted and prepared for, while others can occur quickly with little to no warning (e.g. flash floods).
Like the surface of the earth, the surface of the ocean is not uniformly flat. The term Global Mean Sea Level (GMSL) is used to refer to the average height of all the Earth’s ocean basins. Since oceans cover about 70 percent of the world, defining GMSL requires millions of measurements to be recorded. The primary cause of sea level rise, according to the International Panel on Climate Change (IPCC), is the melting of the Antarctic and Greenland ice sheets, which are melting six times faster than they did four decades ago.
These are policy approaches to incentivize carbon reductions and penalize carbon emitters through monetary mechanisms. They are emerging into a popular policy approach for countries pursuing decarbonization and aggressive climate change goals (e.g. Net Zero Targets). Carbon pricing refers to initiatives that put an explicit price on greenhouse gas (GHG) emissions expressed in a monetary unit per tCO2e. This includes carbon taxes, emissions trading systems, offset mechanisms, and results-based climate finance (RBCF).
Additional Climate Change Work Products
The following publications relate to our efforts in improving energy efficiency and forming climate change solutions within the beverage sector.
- BIER’s Joint Commitment on Climate Change: Read the full text of the commitment BIER members have made to do their part to actively fight climate change.
- NEW Beverage Industry Sector Guidance for Greenhouse Gas Emissions Reporting aimed to enhance and support the estimation, tracking and reporting of GHG emissions within the beverage industry.
- BIER’s Future Scenarios Planning Toolkit
Plus in-depth carbon footprint research by beverage category:
Climate Change Solutions & Energy Efficiency News
The Beverage Industry Environmental Roundtable (BIER) Releases The Facility Decarbonization Playbook
In response to a world progressively seeking to move towards low carbon economies, the Beverage Industry Environmental Roundtable (BIER) has published The Facility Decarbonization Playbook.
Beverage Industry Environmental Roundtable (BIER) Releases Water Circularity Metrics Tool and Guidance
The Water Circularity Metrics Tool is a scenario-based tool providing a practical methodology for businesses to adopt a common metric for water circularity at a facility and enterprise level.
As climate change legislation advances throughout the world, beverage companies are proactively driving strategies to reduce the greenhouse gas emissions associated with their enterprises as well as the life-cycles of their products. Through the allied voice of BIER, members collaborate…
The Beverage Industry Environmental Roundtable (BIER) has made further enhancements to the Beverage Industry Greenhouse Gas (GHG) Emissions Sector Guidance.
The Beverage Industry Environmental Roundtable (BIER) has released a document entitled Beverage Industry Greenhouse Gas (GHG) Emissions Sector Guidance (4.0).
Carbon management is fraught with both challenge and opportunity. Learn how BIER is tackling it from five of our members representing PepsiCo, HEINEKEN, & more.
Given the global beverage sector’s share of Global Greenhouse Gases (GHG) is estimated at 0.4%, climate change reduction and adaptation are crucial components for environmental sustainability strategies in the beverage industry. Climate change has significant ramifications for water and energy — vital resources both within our direct operations, as well as within the broader production supply chain. Thus, a compelling business case can be made from the beverage sector to recognize and adapt to these environmental challenges.
Learn how Beverage Industry Environmental Roundtable has spent the last 10 years tackling energy efficiency, GHG emissions, and more.
Since its inception, BIER members have used this unique forum to collaborate on climate change adaptation and mitigation by sharing best practice and developing standards and tools.
Beverage Industry Continues to Drive Improvement in Water and Energy Use Today the Beverage Industry Environmental Roundtable (BIER) marks the release of select