- Decarbonizing the grocery sectorAccording to McKinsey, approximately 7% of an average grocer’s emissions come from scope 1 (direct emissions from a grocer’s … Continued
- Apparel, durable goods and consumer electronics are most vulnerable retail segments to climate riskAccording to a recent article from Fitch Ratings, apparel and durable goods and consumer electronics (DGCE) have been identified … Continued
- RCC’s inaugural Climate Risks & Opportunities Working Group meetingOn July 19, RCC held its inaugural working group meeting with members to delve into climate risks and opportunities … Continued
Canada’s plan to reach net-zero
The measures announced in Canada’s strengthened climate plan, A Healthy Environment and a Healthy Economy, at the UN climate change conference (COP26), and Budget 2021 will help Canada meet its enhanced Paris Agreement target to reduce emissions by 40-45% from 2005 levels by 2030.
The Canadian Net-Zero Emissions Accountability Act, which became law on June 29, 2021, enshrines in legislation Canada’s commitment to achieve net-zero emissions by 2050. The Act ensures transparency and accountability as the government works to deliver on its targets.
As part of a requirement under the Act, the Minister of Environment and Climate Change released the 2030 Emissions Reduction Plan – Canada’s Next Steps for Clean Air and a Strong Economy on March 29, 2022. The plan was informed by previous consultations with provinces, territories, Indigenous Peoples, the Net-Zero Advisory Body, and interested Canadians.
For more information, please read:
Tools and resources
Climate Action and Carbon Management – Overview
In November 2021, governments from across the world recommitted to the 1.5°C climate change goal at COP26 summit in Glasgow. To help prevent the worst effects of climate change, and to align with the 1.5°C climate goal, a growing number of companies are actively working to reduce their greenhouse gas (GHG) emissions, and some, are pledging to achieve net-zero emissions by 2050.
Grants & Incentives: Energy & Transportation
To help members make operations and fleets more sustainable, RCC has prepared a list of energy and transportation-related grants and incentives.
Retail’s Route to Net-zero Emissions: The Canadian Retail Sector and Effective Climate Governance
A guide by Dr. Janis Sarra, Retail’s Route to Net-zero Emissions: The Canadian Retail Sector and Effective Climate Governance, provides an accessible summary of the legal duties of retail directors and officers in the transition to a net-zero economy.
Webinar: Race to Zero with H&M, IKEA and Walmart
In 2021, RCC hosted a webinar in collaboration with H&M, IKEA and Walmart to discuss their involvement in the Race to Zero Breakthroughs: Retail Campaign. This international campaign encourages retailers to come up with detailed plans for how they will cut carbon emissions and help meet the globally established goal of limiting worldwide warming to no more than 1.5 degrees Celsius above preindustrial levels.
RILA Climate Action Blueprint
The Retail Industry Leaders Association (RILA) is a US-based trade association that worked closely with its members to prepare this Climate Action Blueprint to help companies seek a path to a net zero emissions future.
ESG & Climate Action Committee
Governments around the world, including Canada’s federal government, are participating in global efforts to limit the global temperature rise to 1.5C. Moreover, ESG reporting frameworks and rating agencies have emerged as an important area for corporates to both monitor and inform. This committee is looking to help facilitate best practice sharing, monitor policies/trends, explore collaborative opportunities and develop related resources. (Meets bi-monthly)
Contact Kelsey Morden, Senior Manager, Sustainability Programs, at email@example.com, for questions or additional information.