Targeted Reductions: Minimizing Emissions with Science-based Targets - - PowerPoint PPT Presentation

Targeted Reductions: Minimizing Emissions with Science-based Targets

PRESENTERS

Vincent Hoen Associate Director

Navigant

Brian Trainor Sustainability Consulting

Goby ESG

Our Speakers:

Embedding Sustainability in Your Companies’ DNA

July 2018

vincent.hoen@navigant.com

Who We Are and Our Strategic Partners

Jonathan Doe Designer Objectively disintermediate leveraged manufactured products before team driven

INTRODUCTION

!

Vincent Hoen, vincent.hoen@navigant.com

!

North American Corporate Sustainability Manager

!

Expertise includes

!

Corporate Carbon Reduction Strategies

!

Leads North American Corporate Sustainability

!

Target setting and roadmap expert

INTRODUCTION

At a Glance: Navigant

A global consulting company with three practices more than 25 offices in the US, Europe, Canada, Hong Kong and the Middle East

• ver 600 experts

More than 30 years

• f experience

We connect the dots within the triangle between governments, energy players, and energy- intensive end-users

BACKGROUND

United Nations Framework Convention on Climate Change (UNFCCC) ! Established at Rio Earth Summit in 1992 ! Aim of stabilization of emissions to prevent dangerous anthropogenic interference with the climate system

1997 Kyoto Protocol 2017 Fiji (Bonn) 2009 Copenhagen Accord 2015 Paris Agreement

COP 3 COP 15 COP 21 COP 23 The Paris Agreement ! Commitment period starts in 2020 ! >190 parties submitted commitments what climate actions they intend to take ! 5-yearly review will take place with an increased ambition level ! Developed countries are to provide $100 billion per year in climate finance

1997 Kyoto Protocol 2009 Copenhagen Accord 2017 Fiji (Bonn)

What Countries are Doing Now is Insufficient

BACKGROUND

Emissions gap in 2030: 21–24 GtCO2e

There is a Gap Between National Pledges and What is Required to Achieve the Paris Climate Agreement

BACKGROUND

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

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BACKGROUND

And apparently these companies are

• utperforming the market

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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

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Curbing Global Warming Could Lead to Tremendous Cost Savings

BACKGROUND

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And Several NGO Initiatives Provide Companies with Guidance On How to Take Climate Action

! 100+ of the world's most influential companies committed to 100% renewable power ! 5,600+ companies are disclosing their GHG emissions ! 400+ companies ! Investor proof climate related risk reporting and system development ! 900+ companies ! More than 38,600 certified commercial LEED projects

BACKGROUND

Science-Based Targets are the Most Common Way to Align Corporate Activity and Investments with the Paris Agreement

5 10 15 20 25 30 35 2010 2020 2030 2040 2050

Direct CO2 emissions (GtCO2)

Sectoral Breakdown of Global Carbon Budget

Service buildings Other transport Aviation passenger transport Rail passenger transport Heavy road passenger transport Light road passenger transport Other industry Pulp and paper Chemicals and petrochemicals Aluminium Iron and steel Cement Power generation

(Source: modified by Ecofys based on IEA, 2014)

SCIENCE BASED TARGETS - GENERAL

Science-Based Targets are the Most Common Way to Align Corporate Activity and Investments with the Paris Agreement

SCIENCE BASED TARGETS – FOR INVESTMENTS

Companies set science-based targets in three steps

Develop

• verview
• f GHG

emissions And allocate to

• rganizational

activities

1

Apply sector scenario’s to activities This includes own and value chain emissions

2

Develop an integrate d target And assess how to achieve target by: Efficiency Renewable Energy

3

SCIENCE BASED TARGETS

Science-based targets provide business value to your company

Increase credibility of climate target and get recognition and exposure from NGOs Demonstrate leadership, build on a green reputation to increase stakeholder value and attract excellent talents Outperform sector peers in benchmarks, increase rating scores and attractiveness for investors Get long-term guidance to steer investments, drive innovation and transform business practices Save money and increase competitiveness by gaining insight in company performance and improvement potential Gain insight in required sector transformations and position for upcoming policy regulations

SCIENCE BASED TARGETS

Science Based Targets:

Benefits of integrating into your

• rganizations ESG Reporting Strategy

The Benefits of SBTi to an ESG Program

Jonathan Doe Designer Objectively disintermediate leveraged manufactured products before team driven

!Increases ESG program credibility and reputation !Recognized climate strategy leadership in Sector !Transitioning your organization’s strategy towards the Low Carbon Economy !Drives innovation within your organization !Increased operational efficiency !Increased investor confidence

REPORTING

Science Based Targets: Enhancing your ESG Reporting

Jonathan Doe Designer Objectively disintermediate leveraged manufactured products before team driven

! 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. ! CDP: 3 Leadership Points ! C4: Targets and Performance ! RobecoSAM: Alignment with CDP and the TCFD ! GRESB: Alignment with the TCFD and points awarded for externally communicating targets ! Required Scope 3 Screening

REPORTING

QUESTIONS?

Vincent Hoen Associate Director

Navigant

Vincent.hoen@Navigant.com Brian Trainor Sustainability Consulting

Goby ESG

Btrainor@gobyinc.com

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