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The Journey to Net Zero: Engaging businesses towards a Net Zero economy

There is growing urgency for both businesses and governments to limit global warming to no more than 1.5°C, to protect human health and economic growth. At current rates of emissions we have until 2030 - just over two business cycles - before we reach this threshold of dangerous climate change. Avoiding it will require rapid and radical transformation of every sector of the global economy - halving global emissions by 2030 and reaching ‘net zero’ carbon emissions by 2050.

There is an imperative on all organisations, large to small, public and private, to make achieving net zero central to short, medium and long term strategy and decision making. A growing number of leading companies, governments and investors have committed to net zero, and are embracing the opportunity to drive innovation, increase competitiveness, and stimulate resilient growth.

We work with clients from all industries to understand the implications of the net zero transition underway for their organisations. This starts with understanding the materiality of climate risk and opportunity, and the implications for the organisation’s strategy. Then we work together to deliver the required organisational transformation and help establish robust transparent reporting, governance and assurance to ensure accountability, regulatory compliance and the delivery of stakeholder expectations.

How we can support you? 'The Pathway to Net Zero'

Climate Risk and Impact Baselining

Identifying and prioritising climate risks and opportunities, understanding current performance against peers, and assessing the value implications and change initiatives needed to mitigate climate risks. Find out more:

Total Impact Measurement & Management (TIMM) - a holistic view of what businesses need to understand risk, identify opportunities and maintain a positive impact on.

Taskforce on Climate-related Financial Disclosure (TCFD) - a readiness assessment diagnostic tool. TCFD’s framework is a sensible way to start thinking about how organisations deal with climate change as an issue.

Net Zero Strategy Development

Understanding and evaluating the strategic sustainability issues for your business, assessing the business case for change and sustainable investments and developing and implementing business strategies which have sustainable development issues at the core. Find out more:

Climate scenario analysis - a tool for understanding the climate implications for your business. Our proprietary climate scenario models (covering physical and transitional impacts) can help explore what climate change means for business.

Resilient organisations and supply chains - We help clients integrate longer-term sustainability considerations into their strategic sourcing and procurement strategies, policies and processes.

The sustainable finance toolkit - a set of a proprietary industry-leading environmental and social (E&S) risk management tools and resources.

Environmental, social and governance (ESG) - Amidst a global pandemic, negative oil prices and stalling climate talks, it is hard to imagine a more critical juncture for ESG than the present.

Organisational Transformation

Alignment of your organisation's operating model to your net zero strategy will drive the transformation needed to deliver net zero and includes capital or R&D investment decisions, people and talent development, and product, service and customer experience design. Find out more:

People and Organisations: Programme and Change Management - We advise clients on how to build purpose-driven companies that people want to be a part of.

Operating model transformation - The effectiveness of an operating model has a significant impact on whether a business achieves its overall strategic objectives, setting the organisation and its employees up for success, meeting customer, shareholder and other stakeholder needs.

Improved decision making - For financial institutions looking to support the transition to a low-carbon economy, now is the time to integrate enhanced policy frameworks, processes and structures into everyday decision-making.

Transparency, Assurance and Reporting

Transparency in internal and external measurement and reporting is an increasingly important factor in businesses being able to attract and retain responsible investment as well as for managing the reputation of the business. Find out more:

Taskforce on Climate-related Financial Disclosure (TCFD) - Readiness assessment diagnostic tool. TCFD’s framework is a sensible way to start thinking about how organisations deal with climate change as an issue.

Purpose and impact in sustainability reporting - Companies are becoming more transparent about their corporate purpose. Companies are using their purpose to demonstrate the value that they bring to society and the impact they have on their environment.

Measuring and managing sustainability performance - Companies obliged or volunteering to explain their company's position and performance in emissions and climate change need to consider carefully their processes, systems, controls and internal reporting requirements.

Climate Governance maturity assessment - A risk-based review of corporate governance processes, and how well they are set up to manage climate risks.

Contact us

Emma Cox

Emma Cox

Global Climate Leader, PwC United Kingdom

Tel: +44 (0)7973 317011

Gavin  Sanderson

Gavin Sanderson

UK Energy Consulting Leader, PwC United Kingdom

Tel: +44 (0)7740 157147

Daniel  Dowling

Daniel Dowling

Director, Cities & Urbanisation in Advisory, PwC United Kingdom

Tel: +44 (0)7715 487335

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