Sphera Case Studies Enhancing Sustainability Through TCFD Assessments and CDP Disclosure

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	Enhancing Sustainability Through TCFD Assessments and CDP Disclosure Sphera

Enhancing Sustainability Through TCFD Assessments and CDP Disclosure

Sphera

Technology Category	Analytics & Modeling - Data-as-a-Service
Applicable Industries	Consumer Goods Food & Beverage Pharmaceuticals
Applicable Functions	Business Operation
Use Cases	Energy Management System Regulatory Compliance Monitoring
Services	Cloud Planning, Design & Implementation Services Data Science Services
Challenge	Aptar, a global leader in the design and manufacturing of a broad range of drug delivery, consumer product dispensing, and active packaging solutions, faced several challenges related to sustainability. The company was struggling with the identification of climate-related risks and opportunities and the application of the TCFD (Task Force for Climate-related Financial Disclosure) methodology. They also needed to benchmark their performance against competitors regarding the assessment of climate-related risks and opportunities. Quantifying the financial impact of these risks and opportunities was another challenge. Lastly, they needed to communicate their sustainability performance to investors and customers through recognized programs like TCFD and CDP. Read More
About Customer	Aptar is a global leader in the design and manufacturing of a broad range of drug delivery, consumer product dispensing, and active packaging solutions. The company is headquartered in Crystal Lake, Illinois. Aptar’s innovative solutions serve a variety of end markets, including pharmaceutical, beauty, personal care, home, food and beverage. The company is deeply committed to sustainability and is continuously working to improve its disclosure on sustainability issues. Efforts also include benchmarking assessment, the classification and categorization of the financial impact for the climate-related risk and opportunity drivers in alignment with the TCFD (Task Force for Climate-related Financial Disclosure) guidance. Read More
Solution	Aptar worked with Sphera to validate a risks and opportunities assessment according to the TCFD methodology. Sphera’s sustainability experts also provided feedback on methodology and guidance on the latest CDP reporting standards and helped incorporate the TCFD assessment results into Aptar’s CDP climate change response for 2020. Sphera’s Sustainability Solutions enable companies to improve ESG performance, gain new investments, and future-proof their business by developing or improving ESG/sustainability strategies suitable for a specific business model, providing insights that help improve environmental rankings and disclosures for CDP, TCFD, GRI, SASB, SBTi, and supplying robust sustainability data and software tools for efficient data-driven sustainability management and performance. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Data-as-a-Service

Applicable Industries

Consumer Goods

Food & Beverage

Pharmaceuticals

Applicable Functions

Business Operation

Use Cases

Energy Management System

Regulatory Compliance Monitoring

Services

Cloud Planning, Design & Implementation Services

Data Science Services

Challenge

Aptar, a global leader in the design and manufacturing of a broad range of drug delivery, consumer product dispensing, and active packaging solutions, faced several challenges related to sustainability. The company was struggling with the identification of climate-related risks and opportunities and the application of the TCFD (Task Force for Climate-related Financial Disclosure) methodology. They also needed to benchmark their performance against competitors regarding the assessment of climate-related risks and opportunities. Quantifying the financial impact of these risks and opportunities was another challenge. Lastly, they needed to communicate their sustainability performance to investors and customers through recognized programs like TCFD and CDP.

About Customer

Aptar is a global leader in the design and manufacturing of a broad range of drug delivery, consumer product dispensing, and active packaging solutions. The company is headquartered in Crystal Lake, Illinois. Aptar’s innovative solutions serve a variety of end markets, including pharmaceutical, beauty, personal care, home, food and beverage. The company is deeply committed to sustainability and is continuously working to improve its disclosure on sustainability issues. Efforts also include benchmarking assessment, the classification and categorization of the financial impact for the climate-related risk and opportunity drivers in alignment with the TCFD (Task Force for Climate-related Financial Disclosure) guidance.

Solution

Aptar worked with Sphera to validate a risks and opportunities assessment according to the TCFD methodology. Sphera’s sustainability experts also provided feedback on methodology and guidance on the latest CDP reporting standards and helped incorporate the TCFD assessment results into Aptar’s CDP climate change response for 2020. Sphera’s Sustainability Solutions enable companies to improve ESG performance, gain new investments, and future-proof their business by developing or improving ESG/sustainability strategies suitable for a specific business model, providing insights that help improve environmental rankings and disclosures for CDP, TCFD, GRI, SASB, SBTi, and supplying robust sustainability data and software tools for efficient data-driven sustainability management and performance.

Impact #1	Aptar conducted climate-related risks and opportunity assessment based on TCFD methodology and successfully integrated it into the CDP disclosure, validated by Sphera’s corporate sustainability and strategy experts.
Impact #2	The TCFD assessment provided Aptar with valuable insights into the financial implications of their climate-related risks and opportunities.
Impact #3	Assessment and classification of the climate-related risks and opportunities in alignment with TCFD.

Impact #1

Aptar conducted climate-related risks and opportunity assessment based on TCFD methodology and successfully integrated it into the CDP disclosure, validated by Sphera’s corporate sustainability and strategy experts.

Impact #2

The TCFD assessment provided Aptar with valuable insights into the financial implications of their climate-related risks and opportunities.

Impact #3

Assessment and classification of the climate-related risks and opportunities in alignment with TCFD.

Benefit #1	Improved ESG performance and recognition as CDP A-List company 2020.

Benefit #1

Improved ESG performance and recognition as CDP A-List company 2020.

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Overview

Enhancing Sustainability Through TCFD Assessments and CDP Disclosure

Operational Impact

Quantitative Benefit