Climate Risk and Opportunity Assessment

Understanding what the impacts of climate change will be on your direct operations, supply chain and customers is key. Using established methods from climate scenario planning, we can help identify possible future regulatory, physical and governance risks to your business, assesses your company’s ability to manage and recover from such risks and provide recommendations. The process also outlines where new commercial opportunities may lie in your sector, service or product line.

• TCFD (Task Force on Climate-related Financial Disclosures) The TCFD is a voluntary initiative encouraging companies to disclose information to investors, lenders, insurers and other stakeholders on the financial risks (and opportunities) from future climate change. Unlike other sustainability reporting requirements interested in a companies’ impact on the environment, the TCFD is about the environment’s future impact on a company, it’s ability to operate and generate value. If you are interested in understanding how climate change may impact your business, or if you have been asked by investors to look at the TCFD recommendations, we can help.

Carbon Footprint

Whilst many companies calculate some parts of their carbon footprint (e.g. from electricity consumption) formally calculating and reporting your company’s carbon footprint (known as Greenhouse Gas (GHG) assessment) is key. Through use of internationally recognised standards (such as the Greenhouse Gas Protocol or IS014064) we can quantify your company’s direct and indirect emissions sources, and help you effectively report these in your sustainability report to SGX, to government/ regulatory authority or various external reporting organisations (including the Global Reporting Initiative (GRI)).

Emissions Reduction Strategy

Once a robust calculation of your GHG emissions is complete, we can help your organisation then set emissions reduction targets and develop management plans to reduce emissions over the long-term. This may include working with energy efficiency or renewable energy experts to design & deploy engineering based solutions, engaging with employees to help them understand emissions reduction opportunities on the ground, and/ or providing informed and practical recommendations to key departments.

Carbon Disclosures and Submissions

Climate change is becoming an increasingly important issue for businesses to address. Many companies in Singapore calculate and report their carbon emissions – and also set targets to reduce their emissions over the coming years. Several frameworks and initiatives have been set up for companies to disclose their carbon emissions and set targets for how they plan to reduce their carbon footprint. If your company wants to show climate leadership and begin disclosing forward looking information and ambitions, we can help.

• CDP Support The CDP (formerly known as the Carbon Disclosure Project) requests over 7,000 companies globally (on behalf of investors with US$87 trillion assets under management) to disclose information on their carbon emissions and climate risks (and opportunities). This data is used by investors, businesses and policy makers to make informed decisions and better manage future risk. If you have been asked by CDP to disclose on climate change (or water or forests) we can help support you through this process and align your response with CDP’s requirements.

• SBTi Advisory A Science Based Target (or SBT as it is known) is a carbon reduction target which is in line with the scientific consensus on what needs to be done to keep global temperatures below 1.5 degrees of warming. In simple terms, SBTs are corporate carbon reduction targets aligned with ‘the science of climate change’ – rather than on what a company might or might not be able to achieve in terms of emissions reductions. SBT’s demonstrate a company’s strong commitment in playing their part to address climate change. We can help design and set your company’s SBT and submit the target for validation by the Science Based Target initiative (SBTi).

Guidance & Training

Navigating today’s sustainable landscape is a common interest for all members of the workforce. Paia’s sustainability trainings prepare employers and employees for the green transformation in all parts of the economy whether it be green supply chain and sustainable procurement, or carbon markets and climate strategy. Students and enthusiasts will also benefit from knowing the latest developments in ever-evolving sustainable world. Upskill and develop your sustainability acumen with our public training courses.