We are introducing our new consulting services to help companies understand and manage climate-related disclosures, assess risks and implement sustainability strategies that are aligned with EU regulations and the latest European Sustainability Reporting Standards (ESRS).
Our offering:
Identification of natural and transitional climate change risks and opportunities
Collection and analysis of data from executives' responses to questionnaires to assess impacts of risks and opportunities and correlate with scientific data from models.
Risk analysis into detailed Risk Events and Risk Causes based on specific Risk Factors e.g. extreme weather events for natural risks and new regulatory measures for transient risks.
Mapping and assessment of risk events by asset, through geospatial modelling, with climate data from external databases (Copernicus, IPCC, OECD,etc.) for climate risk assessment.
Aggregation of Risk Event assessment into natural and transitional risks and opportunities
Scenario analysis for all risks and opportunities for three climate scenarios 1) 1.5°C increase, 2) 2°C increase and 3) 3+°C increase and three time horizons 2025, 2030 & 2050.
Analysis of the impact on the company's financial indicators
Drafting of Climate Change policy
Development of a long-term Climate Change strategy, through Science Based Targets (SBTs) if required
Preparation of Disclosures for Chapter E-1 of the Directive.
And to answer your question. Why ESRS E1 (European Sustainability Reporting Standards Climate Change) services if CSRD (Corporate Sustainability Reporting) reporting is not mandatory for your business?
Even if sustainability reporting is not mandatory for a company, we believe that preparing sustainability reports in accordance with ESRS standards is useful because:
Improve Transparency & Reputation: They build stakeholder trust and showcase your commitment to sustainability.
Cover Investor Requirements: Meet investors' growing expectations for transparent and reliable ESG data.
Manage Risks & Improve Efficiency: They offer tools to identify inefficiencies and reduce climate change-related risks.
Create Competitive Advantage: They prepare your business for future requirements and strengthen your market position.
Climate change does not depend on regulations and political decisions and for a business, its longevity plays an important role. "Who lives and who dies" is not an option...
Most importantly, climate change does not depend on regulations and political decisions of either the US President or the EU Commission. Rising sea temperatures, melting ice at the poles, droughts and fires, extreme weather events are real events that humanity has been witnessing in recent years and will continue to intensify as long as the necessary measures are not taken, threatening the sustainability of societies and businesses. Facilities and production chains.
A business is "many things"... it's capital, people, facilities, etc. But first and foremost it is LONGEVITY... No business or organization is established and does not "exist" until "the day after tomorrow". No one operates with only short-term plans.
With our consulting services we provide businesses with a planning scheme for dealing with climate change so that you do not consider it as an inevitable and unavoidable risk.
Whether you are just starting your journey in sustainability reporting and understanding ESRS E1 standards or improving your existing processes, our team is here to support you every step of the way to stay compliant, transparent and ahead of any regulatory requirements.
And since we talked about Longevity above, we invite you to virtually "Meet the CEOs" of the following companies and ask them about their plans for the year 2050 and their priorities for action on climate change. There is only one argument you will not hear... "Who lives who dies"!!!!
1. Shirley Plantation
Founded: 1614
Description: The oldest continuously operating plantation in the United States. Started as a tobacco plantation and has remained in the same family for more than 11 generations.
2. The New York Post
Founded: 1801
Description: The longest-running newspaper in the United States. It was originally called "The New-York Evening Post."
3. Cigna
Founded: 1792 (as Insurance Company of North America)
Description: One of the oldest insurance companies in the US, with a long history in the insurance industry.
4. Brooks Brothers
Founded: 1818
Description: The earliest established American clothing company. Renowned for providing high quality clothing and was famous for dressing presidents such as Abraham Lincoln.
5. Jim Beam
Founded: 1795
Περιγραφή: One of the oldest and most famous bourbon producers in the United States.
7. King Arthur Flour
Founded: 1790
Description: The oldest flour producer in the United States.
8. JP Morgan Chase
Founded: 1799 (as The Manhattan Company)
Description: One of the oldest and largest banking companies in the US, which was founded to provide water in New York City but then grew into a banking giant.
But also
1. Apple Inc.
Founded: 1976
Description: One of the world's largest technology companies, known for products such as the iPhone, iPad and Mac. It has had a major impact on modern technology and the computer industry.
2. Microsoft
Founded: 1975
Description: One of the most influential technology companies. Also a leading player in cloud computing.
3. Google (Alphabet Inc.)
Founded: 1998
Description: Originally started as a search engine, it has expanded into areas such as advertising, cloud computing, mobile devices (Android) and artificial intelligence. It is one of the most innovative and powerful companies in the world.
4. Amazon
Founded: 1994
Description: Starting as an online bookstore, it has grown into a global e-commerce, cloud computing (AWS) and digital entertainment giant. Today, it is one of the world's largest companies.
5. Facebook (Meta Platforms Inc.)
Founded: 2004
Description: Facebook, later renamed Meta, started as a social networking platform and has grown into a company with a strong presence in virtual reality technology and the metaverse.
6. Tesla Inc.
Founded: 2003
Description: It has revolutionised the automotive industry, focusing on the production of electric vehicles and renewable energy systems such as batteries and solar panels.
7. Netflix
Founded: 1997
Description: It started as a mail order DVD rental service, but evolved into a pioneer of streaming content. Netflix has changed the entertainment and TV series industry by investing in original productions.
And some more
1. General Motors (GM)
Founded: 1908
Description: One of the largest car manufacturing companies in the world. Played a key role in the development of the automotive industry and was a pioneer in mass production of cars.
2. IBM (International Business Machines Corporation)
Founded: 1911
Description: Originally founded as CTR (Computing-Tabulating-Recording Company), it has grown into a leader in computing and technology, playing a key role in shaping the digital revolution.
3. Ford Motor Company
Founded: 1903
Description: One of the first companies to bring mass production of cars at affordable prices for the average American. Ford's "Model T" is perhaps the most iconic car in automotive history.
4. Coca-Cola Company
Founded: 1892
Description: One of the world's best-known companies, it has influenced global culture. It started as a medicinal drink and grew into the world's most popular soft drink.
5. Boeing
Founded: 1916
Description: One of the world's largest airlines and a leader in the manufacture of commercial and military aircraft. Was a pioneer in the development of the aviation industry in the United States.
6. United Parcel Service (UPS)
Founded: 1907
Description:It started as a small delivery company in Seattle and grew into one of the largest courier and logistics companies in the world, playing a major role in the development of the commercial supply chain.
8. General Electric (GE)
Founded: 1892
Description: Founded by Thomas Edisson. One of the largest and oldest industrial companies in the USA. Its role in electrification and the development of technologies such as electricity and aviation equipment is immense.
9. DuPont
Founded: 1802 (reconfiguration in the 20th century)
Description: It started as a manufacturer of gunpowder and grew into one of the world's largest chemical companies. It pioneered the production of synthetic materials such as nylon, Teflon and Kevlar.
10. Pfizer
Founded: 1849 (with significant development in the early 20th century)
Description: It started as a pharmaceutical company and has grown into one of the world's leading providers of pharmaceutical products, playing a key role in modern medicine.
Food for thought…
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