Carbon Strategy 2.0 (Webinar)

Published: 19 August 2011

Executive Summary

First generation carbon strategies are coming to an end. Firms must redesign or refresh carbon strategies in the context of regulatory changes and new stakeholder expectations. This Verdantix Webinar will provide Heads of Sustainability, Energy Directors and VPs of Environment with recommendations on how to update and reshape their carbon strategy for disclosure, data collection and GHG reduction targets. Based on detailed, sector-level carbon strategy benchmarks we will analyze management challenges linked to carbon and energy reduction targets. The Carbon Strategy 2.0 Verdantix Webinar will cover disclosure boundaries, accounting methodologies, baseline recalculation, assurance, software implementation, green tariff electricity, Renewable Energy Certificates and alignment of targets with business strategy.

Table Of Contents

What have been the problems with first generation carbon strategies?
Seven Deadly Sins Of First Generation Carbon Strategies
1. Informal Governance Of Target Setting And Disclosures
2. Targets Defined Without Accurate Baseline GHG Emissions Data
3. Absolute CO2 Reductions Set As The Only Target
4. Misalignment With Business Strategy And Growth Plans
5. Insufficiently Comprehensive Carbon Accounting Frameworks
6. Avoidance Of Carbon Disclosures

Which factors should firms consider as they reformulate carbon strategies?
The Last Five Years Have Exposed The Challenges Involved In Decarbonizing Business Operations
Low Economic Growth Focuses Carbon Strategies On Energy Cost Reduction Not Marketing Commitments To CO2 Targets
Strategic Energy Management Is Taking Centre Stage

What are the best practice principles for defining a second generation carbon strategy?
The Era Of The Carbon Target Hair Shirt Is Over
By 2013 firms will need a more sophisticated carbon management framework aligned with business strategy
Fix Governance Of Energy And Carbon Before Publicising New Targets
Reformulate Carbon Targets Based On Business Strategy
Align GHG Management Methodology And Quality Control With Peer Group
Assess And Enhance Global Enterprise Energy Management Capabilities
Forecast The Limits Of Energy Efficiency On Carbon Reduction
Collaborate With Industry Peers On Comparable Intensity Metrics
Calculate Energy Efficiency And Carbon Performance For Operational Units Not The Entire Firm
Select Energy Management Software Which Supports Strategic And Tactical Business Objectives
Include Scope 3 Emissions In Absolute Reduction Targets To Invest In Innovation Not Just Efficiency
Sipping Our Own Champagne.... Verdantix Carbon Management