Climate Change Impact

View all Services

Corporate Citizenship supports our clients across their climate change strategy journey. This will start with measurement of emissions or climate-related risks, followed by the generation of appropriate targets. We will then help companies develop management plans to reduce their impacts and achieve the targets they have set. These components are also key to informing how best to develop business resilience to climate-related risks and opportunities, where we support clients align with the transition to a low-carbon economy.

GHG Emissions Accounting

We help our clients measure and report consistently on climate change performance to key stakeholders on an ongoing basis.

Using the GHG Protocol Corporate Accounting, and Reporting Standard and Corporate Value Chain (Scope 3) Standard, as well as relevant local regulations, we help companies gather, assess and calculate their emissions throughout the value chain. Where possible we establish the relationship with site-level productivity and utility cost data, to support the integration of climate change performance information into business decisions.

Examples of what we deliver:

  • Carbon footprint review, assessing current accounting procedures and calculation.
  • Scope 3 screening, materiality and calculation across 15 GHG Protocol categories.
  • Customised data collection systems with automated dashboard functions.
  • Assurance-ready documentation, eg data validation procedure, data owner handbook, basis of reporting document.
  • Carbon data analytics comparing site performance, and link with revenue and cost data.

We help our clients define strategic commitments and assess different pathways to achieve these.

We support our clients in the development of a strategic framework that sets goals which address material climate-related risks and opportunities, and aligns with business strategy. We then help to set credible reduction targets, which could consist of a science-based target, using the Science-Based Targets Initiative’s (SBTi) guidelines, that maps out a gross emissions reduction pathway for companies and sectors, or a net-zero target, that combines gross reductions with offsetting solutions. To achieve reduction targets, we build carbon abatement plans based on the comparison of the ‘business-as-usual’ trajectory versus a range of low-carbon investment options. This allows our clients to balance impact reduction with capital requirements and financial return.

Examples of what we deliver:

  • Climate change strategy framework, including short, medium and long-term goals, reduction targets, metrics, governance and implementation roadmap.
  • Carbon abatement planning, with cost benefit analysis of carbon abatement options.
  • Target setting and appraisal of target-setting methodologies, eg science-based or net-zero targets.
  • Management systems including data, reporting and governance systems.

We help our clients understand the potential financial impacts of climate-related risks and opportunities, and how to integrate into governance, risk, strategy and performance management functions.

In June 2017, the FSB Task Force on Climate-related Financial Disclosures (TCFD) released its recommendations on how companies should measure, manage and report on the impact of climate change on their business. We are now seeing a move towards mandatory response, eg the UK’s Financial Conduct Authority is proposing a rule that would require all premium-listed companies to comply for accounting periods beginning on or after 1 January 2021. We help companies address the TCFD recommendations, by undertaking both qualitative and quantitative climate scenario analysis, to assess financial impacts across different forward-looking climate scenarios. In addition, we also help companies report in line with the TCFD recommendations in CDP or their annual reporting.

Examples of what we deliver:

  • TCFD readiness review.
  • Stakeholder-based climate-related risk and opportunities identification.
  • Narrative-based climate scenario analysis.
  • Quantification of physical and transition climate impacts.
  • TCFD and CDP disclosures.

For more information, please contact us