TCFD Readiness Assessment Diagnostic Tool
In our experience, using the TCFD’s framework is a sensible way to start thinking about how your business deals with climate change as an issue. Our tool helps you understand the alignment of your public disclosures to the TCFD recommendations. It can be used to understand peer comparisons (see first image) and can also show the difference in disclosures between your annual report and other public disclosures (see second image).
Leveraging our knowledge of the TCFD - PwC Partner Jon Williams is a member of the Task Force - and our experience of helping our clients manage climate issues, we will provide you with:
- insight on your performance benchmarked against your peers; and
- strategic and tactical recommendations to position your business to address climate opportunities and risks.
Climate Scenario Analysis
Do you know how your business might be impacted and what the financial implications are?
Scenario analysis is a useful tool for understanding the climate implications for your business. This means applying a number of possible futures to your business to test strategic resilience and management response options. First movers will be able to align their businesses with emerging growth trends.
We believe that the low carbon transition presents every company with opportunities and risks. Explore our approach to scenario analysis to help inform your thinking. Our proprietary climate scenario models (covering physical and transitional impacts) can help you explore what climate change means for your business. Please get in touch to find out more.
Scenario analysis for financial institutions
As a financial institution, scenario analysis will require an additional lens to understand how your exposure to different sectors will be impacted from a risk and return perspective. Our climate scenario models extend to the financial sector through this additional lens. This allows translating of financial implications for different economic sectors into financial implications for your institution. If you’d like to explore this further, please get in touch using the contact details below.
Climate governance maturity assessment
Many organisations will be confident in the overall strength of their governance and risk management frameworks. However, it is probable that many will still be tailoring their approaches to reflect the exceptionally wide-ranging set of risk drivers that climate change represents.
Together with the World Economic Forum, in January 2019 we published a set of Principles for Effective Climate Governance, designed to help the reader practically assess and debate their organization’s approach to climate governance and frame their thinking about how to make this approach more robust.
Following widespread uptake of these Principles, we have developed a risk-based review of corporate governance processes, focussing specifically on the applicability of companies’ existing processes to management of climate risks. The review is built around the Principles and considers the maturity of governance processes in relation to each. Once complete, it will provide you with:
a rating on the maturity of your organisation’s governance processes in relation to each principle.
a set of recommendations for how you can prioritise and improve the areas where maturity is low.
Please get in touch with us, using the contact details below, to help you get started.