Strategy & governance for decarbonization: enablers & tools to support climate action

Map suppliers’ ESG progress on Scope 3 with maturity levels

Klöckner Pentaplast engaged their top 50 suppliers, classifying them into four different maturity levels, to reduce Scope 3 emissions.

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Integrate carbon pricing in supplier tenders

A program to incentivize decarbonization, baselining, drive low carbon supplier selection while educating procurement teams by building carbon pricing into procurement tenders.

Transform product portfolio with assessment methodology

Evaluation methodology for sustainability evaluates products in the portfolio based on set criteria, promoting innovation and classifying offerings

Build a strategic approach to renewable electricity sourcing

A well-designed renewables strategy reduces a company’s carbon footprint and hedges against energy market volatility, often lowering energy costs

Design a voluntary carbon credit portfolio

Understand the effectiveness of a portfolio approach for the use of voluntary carbon credits and how to construct one successfully

Adopt an internal carbon price to drive decarbonization

Incentivize low-carbon decision-making by setting a price on carbon, enabling a direct linkage of the low-carbon transition to the business strategy.

Activate the organization to support sustainability goals

To achieve climate goals, companies must embed sustainability throughout their operating models, including in aspects of org design, business processes, and corporate culture.

Maximize value from climate reporting

Transform climate reporting from a compliance exercise to a strategic advantage by turning reporting into a tool for sustainable growth and societal impact.

Integrate climate into corporate financials

Companies must establish systems to integrate climate with financials to support decision-making processes and align with value and risk drivers to fund essential transformations.

Integrate climate into strategic planning

Use scenarios and sensitivity analysis in climate-based strategic planning to identify risks/opportunities, prioritize actions for resilience & align portfolios with climate goals.

Leverage MACCs to inform decarbonization strategy

Decarbonization lever deployment should be prioritized by cost and abatement impact, and non-financial considerations in line with organizational goals.

Design climate transition plans – an overview

Actionable climate transition planning must be integrated into broader corporate strategy and backed by robust roadmaps that are underpinned by value creation.

Prioritize and implement decarbonization levers

Choosing the right decarbonization levers for your organization is essential to success. Understand key considerations, methods of lever prioritization, and how to overcome challenges.

Transition to a just, net-zero, and nature positive economy

Addressing the climate emergency and nature loss is impossible without putting people at the center and ensuring a just transition that is equitable and inclusive for all.

Develop in-house web-based tools to calculate CO2 footprint

Şekerbank developed an automatic digital system to monitor its carbon and water footprints, and customers can also have their emissions calculated using the application

Engage employees on decarbonization

Encourages individuals to calculate and track their carbon footprint through a dedicated app, while motivating behavioral change

Collaborate with peers to set and meet supplier targets

Decarbonize supply chains by collaborating with peers to set industry-wide supplier targets (e.g., for renewable energy) and help suppliers achieve these by aggregating demand

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