business as usual scenario climate change

#Business as usual scenario climate change how to#

Participating Energy Forum member, Francesca Gostinelli, Head of Group Strategy, Economics and Scenario Planning, Enel commented, “ Companies have a key role in making the energy transition happen: set clear decarbonization targets, steer their strategy along paths to reach net-zero and get involved with all stakeholders in order to reach 1.5☌ goals and quickly empower actions towards long-term sustainable value creation.

#Business as usual scenario climate change how to#

The resources launched today align with WBCSD’s strategic priorities in climate action and supporting member companies on how to engage capital markets on ESG performance. It also supports the COP26 Private Finance Agenda, led by Mark Carney, to advance a framework that ensures every financial decision takes climate change into account, which includes the ability to assess the resilience of companies to climate risk. This work received valuable input from the TCFD and supports companies in following TCFD recommendations to assess their strategic resilience taking into consideration different climate-related scenarios. ERM provided technical support and led engagement with advisors. PwC provided project management support and technical input. Vivid Economics developed the Climate Scenario Catalogue approach and analysis and provided core technical leadership. WBCSD advanced, facilitated and coordinated the work. The Catalogue will continue to be updated to incorporate future scenario developments.

The Catalogue allows for the navigation, comparison and exploration of scenarios over time. It also includes additional business-relevant variables derived from existing scenarios. The Climate Scenario Catalogue v1.0 contains 18 scenarios from six different scenario providers, with variables ranging across investment, demand, emissions, capacity, cost and price. It explores business use of climate scenario analysis and outlines principles for making choices using the Catalogue, with examples of use cases. The report describes the context and basis for the Climate Scenarios Reference Approach, outlines the allocation of various public climate scenarios to three scenario reference families (aligned with 1.5☌, 2☌ and current policies/BAU) and introduces the Climate Scenario Catalogue.

The Climate Scenario Catalogue v1.0 – an online platform that collates a range of selected scenarios and variables, with analysis by Vivid Economics.

The Climate Scenario Analysis Reference Approach for companies in the energy system – a report outlining the Energy Forum’s rationale, principles, process and reflections regarding scenario analysis efforts and.

The work is informed by the experience and expertise of BASF, BHP, BP, CLP, CRH, EDF, Enel, Engie, Equinor, Holcim, Iberdrola and Skanska (the Energy Forum) and comprises of: The suite of resources launched today provide a common, transparent approach to the use of climate scenarios to support strategic resilience assessment, exploring transition pathways, dependencies and uncertainty across a range of possible temperature and energy system outcomes. Geneva/London, 23 March 2022: Today, through collaboration with the World Business Council for Sustainable Development (WBCSD), leading companies across the energy system release a new report and an online platform supporting an approach to climate-related scenario analysis, responding to recommendations from the Task Force on Climate-Related Financial Disclosure (TCFD).

Transition Roadmap for Product Use Area.

The Business Commission to Tackle Inequality.

Sustainable Plastics & Packaging Value chains.

Scaling Renewable Electricity (REscale).

Roadmap to Nature Positive for the Energy System.

Policy and Global Treaty on Plastic Pollution.

One Planet Business for Biodiversity (OP2B).Policy Advocacy and Member Mobilization (PAMM).