Situation
Complying with SB 261 is your immediate priority.
Since you have limited time and bandwidth, you want to build on the the preliminary climate risk assessment you conducted and make sure it is complete, correct, and of sufficient quality to count as a "good faith effort" to analyze climate risks and comply with SB 261.
Challenge
Focusing on SB 261 as a compliance exercise is unnecessarily risky and a wasted opportunity. It delays the need to conduct a meaningful assessment, thereby extending your exposure to the risks you face now. It also introduces multiple problems such as violating the intent of climate disclosure rules, sacrificing the value of having a corporate strategy informed by climate risk and opportunities, and giving the impression that the work of the ESG team is a cost for the company, rather than a driver of value.
Response
We propose multiple options for helping your team comply on time with SB 261 while also building real value. This means putting a strategically useful risk assessment and management process into place, in order to set your team up for long-term success when complying with disclosure mandates, integrating climate risk thinking into the company's brand and strategies, and navigating the uncertainties of climate change.
SB 261 done right: on time and with strategic value
Keith Nelson
Consulting Lead
As Owner and Director of New Day, Keith assembles subcontracted teams of technical experts, and coordinates the provision of their services in order to provide a disproportionately high level of value and expertise which traditional consulting firms cannot rival. Keith has 15 years of experience managing large teams in complex international environments, and long term work experience on five continents. His clients have included USAID, Coca Cola, Radisson Hotel, Merck, Cigna, Siemens Gamesa, and Allianz among many others.
Keith has an MA in International Politics from IBEI and Executive MBA from ESADE
The Team that Makes this Possible
Dr. Mark Trexler
Risk Lead
Intergovernmental Panel on Climate Change Lead author, with 35 years of experience advising 150+ international clients on climate risk. Mark founded the first corporate climate risk consulting firm in the U.S., and co-authored for the London School of Economics the first textbook on climate risk. He implemented the first ever carbon offsetting projects and pioneered the concept of climate neutrality, helping the first ever companies to go net zero in 1996. Mark’s clients have included HP, Nike, Suncor, the EPA, Stoneyfield Farm, and many others.
Mark has a PhD in International Environmental Policy from UC Berkely, and directs the Climatographers (climatographer.com). This is his fourth collaboration with New Day.
Dr. Fernando Antonanzas
LCA and GHG Data Expert
Internationally recognized expert on Life Cycle analysis and Greenhouse Gas Measurement. Completed 500 GHG projects for large corporations such as Bridgestone, Alcoa, ICICI, MasterCard and for a variety of SMEs and startups covering a wide range of products and industry. Author of multiple academic publications. This is Fernando’s third collaboration with New Day.
Fernando has a PhD from Universidad de La Rioja in Sustainability & Energy Studies
SELECTED PAST EXPERIENCE OF OUR TEAM
We offer access to one the the foremost climate risk experts in the world, in a format designed to create value for your business, at an excellent price.
Ferrer
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HP
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EYSA
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Stonyfield Farm
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United Technologies
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Nike
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PacifiCorp
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Suncor
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Sumitomo Corporation
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Global Environment Facility
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Environmental Protection Agency
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Ferrer • HP • EYSA • Stonyfield Farm • United Technologies • Nike • PacifiCorp • Suncor • Sumitomo Corporation • Global Environment Facility • Environmental Protection Agency •
PREDICTING THE FUTURE IS IMPOSSIBLE
MAKING GOOD DECISIONS IN THE FACE OF UNCERTAINTY IS NOT
there are lots of ways to think about and assess climate risks today, which can encompass carbon footprinting, physical risk assessment, brand and liability risk assessment, systemic risk assessment, and transition planning.
TCFD is a generic standard that can produce the unintended effect of encouraging companies to focus predominantly on physical and legal risks that feel distant or hard to take ownership of. In fact, climate risk analysis should feel immediate, practical, and connected to your daily business objectives.
Our Approach. (This section needs to be totally rebuilt)
In each step of the process we focus on ensuring that risk analysis supports the broader business strategy and on demonstrating that the ESG team is a driver of value for the business.
Main “context” point is that very little can be reliably predicted. Companies need to be thinking not about the “most like” outcomes, but the outcomes posing the most risks and opportunities, and figuring out how to manage those outcomes as they manifest.
I suspect it would be more effective to have a text-based introduction to the TCFD process, the rapidly evolving nature of climate risk assessment, and the major categories of variables that should plausibly be assessed.
Calendar Plan(Structure of this section is prepared, contents to be updated)
Since we don’t yet know the quality of your preliminary work, we are proposing a modular service offering designed to help you be successful in a variety of circumstances. During the program we will identify and recommend the most appropriate and effective pathway, although of course the choice will be yours. You can choose options on a modular basis without any financial commitment to other options.
Details of the phases (Structure of this section is prepared, contents to be updated)
Gap Analysis & Recommendations
Comprehensive assessment of your current climate risk submission
- Thorough gap analysis of your existing climate risk assessment
- Detailed recommendations for improving your SB-261 submission
- Identification of key areas requiring additional attention
- Strategic guidance on compliance requirements
Transition Strategy Development
Build a comprehensive transition strategy aligned with your business goals
- Development of detailed transition strategy roadmap
- Integration with existing business operations and goals
- Strategy consolidation with executive ownership alignment
- Clear implementation pathways and milestones
Report Writing (Using Existing Data)
New Day creates your SB-261 report using your current data and analysis
- Professional report writing using your existing data
- Minor adjustments and refinements to current analysis
- SB-261 compliant formatting and structure
- Executive-ready documentation
Report Writing (New Research & Analysis)
Complete risk research, analysis, and professional report creation
- Conduct new comprehensive climate risk research
- Additional in-depth risk analysis and modeling
- Complete report writing with enhanced insights
- Full SB-261 compliance with robust documentation
Select your Service Components
Summary of key points:
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We offer unparalleled access to leading Climate Risk Expert, Dr. Mark Trexler and the decision support tools he has developed over more than 35 years of business consulting.
We know how to create value from risk management exercises. When you work with us, rather than making the ESG Team’s efforts look like a source of costs, you will directly contribute to the company’s business strategy and growth objectives.
We will help you complete your risk assessment using a robust and sophisticated approach, developed from our work with the world's largest companies.
Scope: You may select only those blocks of work which correspond to your needs, with no further financial obligation. You may select a limited number of blocks and then add or modify your choice as the project advances. Guarantee: We offer a simple and transparent quality guarantee. If you find any module to be inadequate we will return your funding, no questions asked. Billing: Invoices for the full price of each selected block will be sent on the first day of work on that block, with payment due within 30 days.
Price and Conditions(Structure of this section is prepared, contents to be updated)
TIRED OF WORKING HARD ON SUSTAINABILITY REPORTS THAT FEEL LIKE A LAUNDRY LIST OF SUPERFICIAL ACTIONS THAT ARE FAR REMOVED FROM WHAT YOUR COMPANY IS WILLING AND ABLE TO DO?
WE'LL BUILD A CLIMATE RISK ANALYSIS YOUR EXECUTIVE TEAM FINDS CLEAR, REALISTIC AND VALUABLE, OR YOUR MONEY BACK
Most companies are not effectively integrating climate risks into their business decision making. Instead, they are:
Paying for compliance without producing any value
Working hard without developing any sense of real leadership
Failing to take meaningful action that benefits their company and the environment
Don’t let it happen to you
