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Supported the client in making gradual progress
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Developed a core set of climate-related KPIs to monitor climate-linked performance
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Conducted a thorough study of the client’s climate management practices and identified gaps
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Supported the client in aligning its disclosure practice with TCFD and published a TCFD report
CLIENT CHALLENGES
- The client – a mid-level utility company – provides electricity to residential and commercial properties.
- The client was at the mid-stage of its ESG journey, reporting on ESG for the last few years and currently focusing on TCFD integration and reporting
- • The client wanted Acuity Knowledge Partners’ Project Delivery team to conduct an in-depth climate-related risk and opportunity analysis to identify the most sensitive business locations and manage the finances considering climate-related risks.
OUR APPROACH
- TCFD reporting –
- Assessment of the client’s risk management structure and review of current climate-related information/ documents
- Climate-related risks and opportunities analysis followed by the development of relevant strategies and policies that would form part of the final report
- Preparing TCFD-aligned draft content, implementation of client feedback, and final check for data quality
- Review of existing ESG Initiatives, KPI identification, and data-gathering
- Deep dive analysis of client’s ESG policies and program documents pertaining to ESG concern areas
- Preparation of comprehensive metrics to track climate-related and ESG-focused KPIs that were never addressed before
- Preparation of an exhaustive list of key sustainability performance indicators that aligns with GRI standards
- Materiality Assessment
- Identifying key stakeholders, potential ESG material issues (especially climate-related), and preparation of survey
- Collecting survey responses from stakeholders and matching them with client’s management responses
- Focused discussion with the client team to finalize material topics
- ESG Report Preparation
- Review of all updated policies, and documents that would form a part of the report
- Development of draft design and structure of the report for getting client feedback
- Alignment of the final content with the SDGs and GRI to complete the final report
IMPACT DELIVERED
- Identified gaps in climate change management and the development of KPIs to monitor climate risks and performance
- The team sought stakeholders’ perspectives on climate change and inclusion in internal processes and procedures.
- It fulfilled the diverse stakeholder groups’ information needs on climate management, benefiting the client in the form of enhanced reputation.
- The team helped the client comply with industry norms and practices on climate disclosure and benefit from early mover advantage.
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