MIF Holdings, LLC's Climate Action Contribution
Climate Action Commitments
Current Climate Actions MIF Holdings, LLC Is Taking:
Integrate Climate Change into Portfolio Analyses and Decision-Making
Commit to integrate climate change-related risks and opportunities in portfolio analysis and decision-making processes through one or more of the following:
- Analyzing and assessing climate change-related risks and opportunities (e.g. through carbon footprinting, scenario analysis).
- Making commitments and setting targets (e.g. to carbon footprint reduction, to enhanced portfolio resilience, to decarbonization, including via the Portfolio Decarbonization Coalition).
- Investing in low carbon investment funds and other products (e.g. low carbon indices, climate-aligned bonds).
New Climate Actions MIF Holdings, LLC Commits To Take:
Commit to Reduce Short-lived Climate Pollutant Emissions
Short-lived climate pollutants—such as black carbon, methane, tropospheric ozone, and hydrofluorocarbons—are powerful climate warmers many times more potent than CO2 over their lifetimes. Because they are short-lived in the atmosphere, actions to reduce these super pollutants can have substantial, near-term climate, agricultural and health benefits and are an essential complement to CO2 reduction strategies. Policy-makers can announce regulatory or voluntary approaches to drastically reduce SLCPs, such as developing methane strategies or adopting rules on use of warming HFCs. Organizations can commit to engage with suppliers to provide training, conduct pollutant inventories, and establish systems for tracking, measuring, and monitoring these types of emissions. Analysis shows that SLCP emissions can be cost-effectively reduced by an estimated 40-50 percent by 2030.
Policymakers, companies and organizations are encouraged to accept the #SLCPChallenge of the U.S. Climate Alliance, which calls for ambitious action on SLCPs. Feel free to elaborate on your work towards reduction, along with your other efforts, in the "Other Commitments" field below.
Commit to Remove Commodity-driven Deforestation from Supply Chains
Restoring our forest’s ability to store carbon on a global scale is a critical and cost-effective climate mitigation solution. Making a commitment to eliminate deforestation means setting targets to assure key commodities in your supply chain (like palm, soy, beef, paper and pulp) are from deforestation-free sources. An ideal target could be to establish a disclosure and reporting plan for your supply chain and/or conversion to 100% deforestation-free commodities by 2020.
Commit to Responsible Engagement in Climate Policy
While individual organization action is necessary, local and federal government action is also needed to reach global climate goals. Your organization can have a critical voice in advancing public policy. A commitment to responsible engagement in climate policy means that your organization commits to supporting public policy to: promote energy efficiency and renewable energy; increase investment in a clean energy economy; support climate change adaptation, or put a price on carbon.
Commit to Increase Energy Efficiency
Most companies begin by assessing energy usage or performing an energy audit to identify opportunities to increase energy efficiency throughout their facilities and operations. Energy reduction targets can be framed as either absolute reductions or reductions that are normalized per unit of production, such as per tons shipped, per dollars of revenue produced, or other relevant business metric. Some examples of commitments that can be taken include:
- Conducting an energy audit or request a meeting with your building owner to explore scheduling an audit
- Upgrading HVAC system to a more efficient model
- Upgrading lights in your office/facility to LEDs
- Upgrading insulation and windows
- Replacing appliances in your office with Energy Star-rated models
- Instituting a company policy of turning off lights other electronics when not in use.
Commit to Understand and Reduce Your Greenhouse Gas Emissions
Understanding your GHG emissions is the first step to making measurable reductions in those emissions. The EPA provides an overview report and CoolClimate Network provides a simple tool for “low emitters” to better understand sources of emissions, as well as how to use that information to set reduction targets. For this commitment, it is as simple as committing to complete a greenhouse gas inventory for your business or oganization, but in the future your inventory can be used to make a commitment to set a specific goal, such as “reduce GHG emissions by 50% by 2025.
Commit to the Natural and Working Lands Challenge
The natural systems upon which we depend are essential to life and critical for reducing the impacts of climate change on our communities. These systems are also under threat from human activity and climate change. Maintaining the resilience of natural and working lands is an important part of any GHG emission reduction strategy. It is also important to securing the well-being of communities, economies and ecosystems. Actions that secure and enhance the “carbon base,” such as land conservation, restoration, and improved management, also support watersheds and food systems, improve air quality, protect against urban heat islands and sea level rise, and preserve the beauty and function of natural areas and parks. Those that accept the NWL Challenge should commit to securing natural and working lands as a resilient net sink of carbon. This will take different forms for different actors. For example, local, sub-national and national jurisdictions might take a broad approach like that of the U.S. Climate Alliance. Landowners and managers may wish to focus on restoration and implementing climate-smart practices on their own lands. Businesses may look at their supply chains and customers as potential partners, and incorporate natural and working goals into their own climate change commitments and strategies.
The U.S. Climate Alliance States commit to taking actions that will reduce GHG emissions and increase carbon sequestration in forests, farms, rangelands, wetlands and urban greenspace, and integrating these pathways into state GHG mitigation plans by 2020. The Natural and Working Lands Challenge calls on other states, cities, nations, tribes, businesses and others to make the same commitment within their organizations. Feel free to elaborate on your work towards this challenge, along with your other efforts, in the "Other Commitments" field below.
Areas For Collaboration
We are interested in collaborating on the following:
- Improving efficiency in existing buildings through real estate transactions
- Developing in measurement and monitoring systems to target efforts and track progress
- Encouraging states to adopt incentive programs for forest management, tree cover expansion, and soil health
- Promoting science-based targets for GHG emissions and removals in agricultural supply chains