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ABOUT right.open

WE want to be Fast

The large-scale and long-term nature of climate change impact makes it a unique challenge. To embrace it, an ecosystem of climate action needs to be created. right.open provides those who believe in the necessity to unlock system-wide changes with a system wide language: A model determining the contribution of a single economic entity to climate change.

 

 

We want to be Precise

The direction of travel provided by the Paris Climate Agreement is clear. Climate change and the lack of adequate responses have however evolved to a point, where traditional response mechanisms are proving to be insufficient, and it is becoming more evident: That we, citizens of the world, are going to be left paying the bill for climate-related damages. In order to face this situation, instruments that capture climate-related risks and opportunities must be available and they should be designed in order to make these risks real and accessible to everybody in order to develop suitable mitigation and adaptation strategies. Instruments that spotlight success stories and detect counterproductive activities. right.open provides researchers with the X-Degree Compatibility (XDC) Model as exactly such an instrument – equipping us to explore the effectiveness of our responses to climate change and pave the way for the uptake of more sophisticated action by actors from the financial and corporate world.

 

 

We want to be Precise

The direction of travel provided by the Paris Climate Agreement is clear. If we are to keep global temperatures well below 2°C, we must up our game. The increase in global warming and damages associated with it have reached limits which can no longer be counteracted with traditional responses. The lack of an appropriate and comprehensive response to climate change, poses huge risks for actors at all levels and within most geographies. In order to face this situation, instruments that capture climate-related risks and opportunities must be made available. These instruments should aim to make climate-related risks tangible and accessible to everyone, so robust and all-encompassing mitigation and adaptation strategies are developed. Instruments that spotlight success stories and detect counterproductive activities are key to these strategies. right.open provides researchers with the X-Degree Compatibility (XDC) Model as exactly such an instrument- equipping us to explore the effectiveness of our responses to climate change and pave the way for the uptake of more sophisticated action by actors from the financial and corporate world.

 

 

We want to collaborate

right.open was initiated by right. based on science (right.) and born out of acknowledging that appropriate solutions to the sheer scale of climate change lie beyond methods hidden in commercial black boxes. right. is a data provider founded in August 2016, which develops models and metrics with the main objective of measuring a single economic entity’s contribution, be that of e.g. a company or a project financing, to manmade climate change. The multidisciplinary team of right. is comprised by experts with backgrounds in economics, mathematics, natural and data science, psychology and law. Their expertise is combined towards furthering the development of the XDC Model, which calculates science-based climate metrics on the basis of latest climate research and regulatory requirements, in order to deduct an entity’s XDC.

 

Timeline

April 08, 2019

Frankfurt/Main

right.open introductory webinar

In this webinar we will make you familiar with the XDC Model and explain the background, purpose and vision of right.open. We will also make sure that we get across the benefit it shall bring to your research activities. Of course, we will answer all your questions.

May 07, 2019

Goethe University Frankfurt/Main

XDC Model and right.open in the seminars Finanzmarktethik and Integrity und Governance

May 23, 2019

Frankfurt/Main

right.open kick-off event

This interactive event will support a multi-disciplinary exchange between scientists and actors from the financial and corporate world on the topic of climate change mitigation and adaptation. The kick-off is intended to let right.open´s participants explore exciting questions. Questions to which actors from the financial and corporate world, are demanding clarity on, in order to help them thoroughly incorporate climate change implications into their decision-making processes. More information on our programme and confirmed panellists will be announced shortly.

May 28, 2019

University of Hamburg

XDC Model and right.open in the seminar Industrial Ecology

Winter Semester 2019

Technical University of Darmstadt

XDC Model and right.open in the seminar Qualitäts- und Umweltmanagement

BECOME A PART OF right.open

During the project period of right.open, you can gain access to the XDC Model as a methodology enabling you to find answers to your research questions. Access is provided by our XDC Forum, which is an online platform containing all relevant information, serving as a forum to discuss with other users and is the channel through which the right. team will support you in handling the XDC Model. If you would like to join XDC Forum, please let us know your details.

What is your position?

I am ...

memorandum of understanding

Prof. Dr. Wayne Visser

Professor of Integrated Value and Holder of the Chair in Sustainable Transformation
Antwerp Management School

“The XDC Model is a promising method for pursuing science-based questions regarding system-wide efficiencies of business sustainability strategies. Since the XDC Model enables decision makers to acknowledge the need for breakthrough change and makes the economic value of individual systemic solutions graspable, it helps us to continuously progress on our research on Integrated Value and Values Dividend. Having access to the XDC Model through right.open would therefore be an added value for the students and researchers I supervise and for myself.”

Prof. Dr. Anette von Ahsen

Academic Senior Councillor in Accounting, Controlling and Audit
TU Darmstadt 

“Seeing that the XDC Model incorporates science-based climate information, it serves for informing sustainability strategies about the sufficiency of the targets announced. right.open would provide access to the XDC Model, at the time of enabling a multidisciplinary collaborative network to support the development of an open source tool that has the potential of serving a broad range of companies, researchers and policy makers. I see it as an excellent chance, for myself, as well as for my students to get acquainted with forward-looking innovative solutions”

Prof. Dr. Timo Busch

Chair of Management and Sustainability and part of the excellence cluster “Climate, Climatic Change, and Society (CliCCS)”
University Hamburg

„One of my key research topics is Sustainable Finance. With few methodologies available for developing science-based, future-orientated climate metrics, which are relevant in practical and theoretical terms, I welcome the possibility of using the XDC model for my research by means of right.open.”

Mission Partner