'Be the first mover. Use smart due diligence. Rethink what fiduciary responsibility means in this changing world. It's simple self-interest. Every company, investor, and bank that screens new and existing investments for climate risk is simply being pragmatic.'
Dr Jim Yong Kim - President of the World Bank
The physical impacts of climate change are real. The December 2015 United Nations Paris climate agreement has set the world on a trajectory to decarbonising the global economy. Institutional investors are pushing for increased carbon risk disclosure. Companies are seeking to differentiate themselves from their competitors through their sustainability credentials.
Collectively, these developments have far-reaching consequences for companies around the world. The impacts will be significant and disruptive.
How companies choose to prepare and respond to the challenges ahead will shape their competitive position, and therefore value in a carbon-constrained world.
E3 has assisted major global and national companies to:
Our work in this sector has included:
Global generation company: preparing for climate-change regulation
Steel company: preparing for a carbon-constrained environment
European electricity generator: managing carbon price risk
Note: client names have not been disclosed due to confidentiality arrangements.
The low-carbon economy will redefine the nature of competition in many industries. |