Understanding the climate risks and opportunities posed to your organisation as a result of climate change will allow you to strengthen your net-zero strategy and keep up with reporting demands.
An effective Net Zero strategy must take into account the risks and opportunities that climate change poses to business. It must be able to address the increasing demand from investors and reporting frameworks for evidence of forward planning on climate change.
Driving this demand are the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD asks that instead of just looking at the impact your organisation has on climate change, you now think what impact(s) climate change has on your organisation. We can support you in doing exactly that so you are prepared to answer the call from your investors for better climate-related financial disclosures.
A large part of this relates to assessment of climate risks and opportunities. Science currently tells us that we need to limit global warming to 1.5 degrees centigrade above pre-industrial levels if we are to limit the most catastrophic impacts of climate change. At this time, our future is uncertain so best practice is now to implement Climate Scenario Analysis (CSA).
EcoAct can support in understanding the demands now upon you, forecasting the future for your business and informing your strategy so you can minimise the risks and find the opportunities that inform your organisation’s Net Zero Strategy.
Climate Risks Tool Our Climate Risk Platform (ECLR) analyses the vulnerability of organisations’ physical sites to climate change hazards, supporting the identification and prioritisation of mitigation and adaptation measures.
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TCFD Climate change is recognised as a significant threat to the stability of the global economy. The Taskforce on Climate-related Financial Disclosures (TCFD) was established to take this into account. Understand the latest climate-related disclosure recommendations and how to align your business with new expectations.
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Climate Risk Analysis Find out which areas of your business are at risk from climate change and learn how to capitalise on opportunities.
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Adopting the recommendations of the TCFD is a challenge for any business. However, JetBlue have gotten their TCFD reporting off the ground early, to learn by doing and continually strive for improvements, as the TCFD itself advises.
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The EcoAct Climate Risk (ECLR) Platform – Your bespoke climate hazards visualisation platform, aligned with the TCFD & EU Taxonomy.
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