Targeted Reductions: Minimizing Emissions with Science-based Targets
PRESENTERS Our Speakers: Vincent Hoen Brian Trainor Associate Director Sustainability Consulting Navigant Goby ESG
Embedding Sustainability in Your Companies’ DNA July 2018 vincent.hoen@navigant.com
INTRODUCTION Who We Are and Our Strategic Partners ! Vincent Hoen, vincent.hoen@navigant.com Jonathan Doe ! North American Corporate Sustainability Manager Designer ! Expertise includes ! Corporate Carbon Reduction Strategies Objectively disintermediate leveraged ! Leads North American Corporate Sustainability manufactured products before team ! Target setting and roadmap expert driven
INTRODUCTION At a Glance: Navigant over 600 experts We connect the dots within A global consulting More than 30 years more than 25 offices the triangle between of experience company with three in the US, Europe, governments, energy practices Canada, Hong Kong players, and energy- and the Middle East intensive end-users
BACKGROUND U nited N ations F ramework The Paris Agreement C onvention on C limate C hange ! Commitment period starts in 2020 (UNFCCC) ! >190 parties submitted commitments what climate actions they intend to take ! Established at Rio Earth Summit in 1992 5-yearly review will take place with an increased ambition ! level ! Aim of stabilization of emissions to prevent dangerous anthropogenic interference with the ! Developed countries are to provide $100 billion per year in climate finance climate system 1997 1997 2009 2009 2015 2017 2017 Kyoto Protocol Kyoto Protocol Copenhagen Accord Copenhagen Accord Paris Agreement Fiji (Bonn) Fiji (Bonn) COP 3 COP 15 COP 21 COP 23
BACKGROUND What Countries are Doing Now is Insufficient
BACKGROUND There is a Gap Between National Pledges and What is Required to Achieve the Paris Climate Agreement Emissions gap in 2030: 21–24 GtCO 2 e
BACKGROUND Companies are increasingly committing to the role of bridging the Paris Emissions Gap
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Exxon Says It Will Increase Climate-Change Disclosures .#/#&'#()*+,- 11
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BACKGROUND And apparently these companies are outperforming the market www.websitename.com 15
Corporations that are actively managing and planning for climate change secure an 18% higher return on investment (ROI) than companies that aren’t – and 67% higher than companies who refuse to disclose their emissions. Source: CDP 16
BACKGROUND Curbing Global Warming Could Lead to Tremendous Cost Savings www.websitename.com 17
BACKGROUND And Several NGO Initiatives Provide Companies with Guidance On How to Take Climate Action Investor proof climate ! 5,600+ companies are ! related risk reporting and disclosing their GHG system development emissions ! 100+ of the world's most influential companies ! More than 38,600 certified committed to 100% commercial LEED projects renewable power ! 900+ companies ! 400+ companies 18
SCIENCE BASED TARGETS - GENERAL Science-Based Targets are the Most Common Way to Align Corporate Activity and Investments with the Paris Agreement Service buildings 35 Sectoral Breakdown of Global Carbon Budget Other transport 30 Aviation passenger transport Rail passenger transport Direct CO 2 emissions (GtCO 2 ) 25 Heavy road passenger transport 20 Light road passenger transport Other industry 15 Pulp and paper Chemicals and petrochemicals 10 Aluminium 5 Iron and steel Cement 0 2010 2020 2030 2040 2050 Power generation (Source: modified by Ecofys based on IEA, 2014)
SCIENCE BASED TARGETS – FOR INVESTMENTS Science-Based Targets are the Most Common Way to Align Corporate Activity and Investments with the Paris Agreement
SCIENCE BASED TARGETS Companies set science-based targets in three steps Develop And allocate to 1 overview organizational of GHG activities emissions Apply This includes own sector 2 and value chain scenario’s emissions to activities And assess how to Develop achieve target by: 3 an integrate Efficiency d target Renewable Energy
SCIENCE BASED TARGETS Science-based targets provide business value to your company Outperform sector peers in Increase credibility of climate target Demonstrate leadership , build on a and get recognition and exposure from green reputation to increase stakeholder benchmarks, increase rating scores and NGOs value and attract excellent talents attractiveness for investors Get long-term guidance to steer Save money and increase Gain insight in required sector investments, drive innovation and competitiveness by gaining insight in transformations and position for transform business practices company performance and improvement upcoming policy regulations potential
Science Based Targets: Benefits of integrating into your organizations ESG Reporting Strategy
REPORTING The Benefits of SBTi to an ESG Program ! Increases ESG program credibility and reputation Jonathan Doe ! Recognized climate strategy leadership in Sector Designer Objectively disintermediate leveraged ! Transitioning your organization’s strategy towards the manufactured products before team driven Low Carbon Economy ! Drives innovation within your organization ! Increased operational efficiency ! Increased investor confidence
REPORTING Science Based Targets: Enhancing your ESG Reporting ! Reporting your targets as Science-Based in your public reporting to CDP, GRESB, and RobecoSAM increases confidence to investors and key stakeholders that your organization is a leader in your peer group or specific business sector. Jonathan Doe Designer ! CDP : 3 Leadership Points Objectively disintermediate leveraged manufactured products before team ! C4: Targets and Performance driven ! RobecoSAM : Alignment with CDP and the TCFD ! GRESB : Alignment with the TCFD and points awarded for externally communicating targets ! Required Scope 3 Screening
QUESTIONS? Stay in Touch Vincent Hoen Brian Trainor Associate Director Sustainability Consulting Navigant Goby ESG Vincent.hoen@Navigant.com Btrainor@gobyinc.com
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