Climate change requires immediate action and the fight against it is also an opportunity to be a leader. Committing to NetZero is only the first step: how to get there and meet the different demands of all stakeholders is another challenge. Without concrete goals and measures, the commitment to NetZero remains an empty promise. That is why initiatives such as the Science-based Target Initiative are becoming increasingly popular: they verify companies' decarbonisation plans according to certain standards and attest to their plausibility.
Furthermore, global warming is a risk with significant impacts and a high probability of occurrence for your company. The physical changes in our environment can now affect companies' business activities. They are also increasingly exposed to regulations related to climate risks, including compliance with the recommendations of the Taskforce on Climate-Related Financial Disclosures (TCFD). This trend will continue to grow as regulators seek to force compliance with Net Zero targets.
Boards are already under pressure from stakeholders ranging from employees to investors to address environmental issues. The pressure to act is greater than ever. That is why it is essential that you understand the full implications of climate change for your business.
Are you ready to embark on the journey to NetZero and address climate risks appropriately?
Here's how we help you manage climate risk and the challenges of decarbonisation
Our experts in decarbonisation strategies and climate risk help you demonstrate to your investors, regulators and wider stakeholder groups that you understand the opportunities and risks of climate change. We also help you develop a strategic response that improves your resilience, strengthens your brand and enables you to thrive in a changing world.
- Implement effective climate change adaptation plans: Our experience spans energy supply diversification, decarbonisation of operations, supply chain management, marketing and brand management, sustainable finance and fuel transition. With our experience, we can help you achieve quick wins and successfully manage and achieve your climate goals in the short, medium and long term.
- Sustainably transform your business and operating model: A NetZero ambition often involves more than just decarbonisation measures. It often involves comprehensive transformations of the business and operating model, such as portfolio measures. For your greatest success, we combine our expertise in portfolio and transformation measures with our energy sector expertise: we have many years of experience with the most effective decarbonisation tools such as Power Purchase Agreements (PPAs), self-generation of renewable energies, hydrogen and CO2 compensation measures.
- Take advantage of our strategic knowledge: We bring together experts in risk consulting, strategy and climate change, accounting and tax expertise. This gives you a strategic, value-driven view of climate risks that helps you make informed decisions about your future strategy.
- Gain a dynamic view of climate risks: Our risk assessment tool, Climate IQ, measures the likelihood and impact of climate risks. It also estimates the rate of occurrence of risks and assesses how they relate to each other. With this information, you can develop more accurate risk scenarios and more effective mitigation plans.
Contact KPMG's Decarbonisation Strategies and Climate Risk team today to find out how we can support you individually.
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Connect with us
Partner, EMA & German Head of ESG und Automotive
KPMG AG Wirtschaftsprüfungsgesellschaft
Partner, Deal Advisory, Strategy
KPMG AG Wirtschaftsprüfungsgesellschaft
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