Situation
You've conducted a preliminary climate risk assessment which should serve as the basis for responding to SB261 and for improving your company's ability to manage climate risk.
Now you want to make sure that work is complete, correct, and of sufficient quality to count as a "good faith effort" to analyze climate risk.
Challenge
The problem is that you can't effectively protect your organization or motivate them to protect themselves unless those risks are integrated into your business strategy in a simple, clear way that your organization understands and feels immediately connected to.
Response
The real value in the exercise comes from having a strong and clear transition strategy that answers the following questions:
- What is our role in a world affected by climate change?
- What are we willing to do to speed up the energy transition and to promote social resilience?
- What are the worst risks we face and how can we improve our odds?
What constitutes a "good faith effort" to analyze climate risk?
Transition Strategy is the second pillar of TCFD and it is what brings practical sense to risk analsysis. It is also often the least developed aspect of climate risk work.
Very few vendors offer a credible approach to these issues, and none can rival our combination of experience, quality, and individual focus on your specific needs.
SELECTED PAST EXPERIENCE
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
•
EYSA
•
Provital
•
United Technologies
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Furgo Trayler
•
Ferrer • HP • EYSA • Provital • United Technologies • Furgo Trayler •
Context
Transition Risk
Legal & Reputational Risk
Physical Risk
Systemic Risk
Risk Examples
Response Approaches
Drag each risk and its response to the corresponding category to validate your understanding.
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. We have attempted to illustrate this in the exercise below.
Calendar Plan
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.
Methodology
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.
Illustrative Example. The methodology section still nees to be developed.
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
Value Proposition
We offer an unmatchable combination of expertise and quality, with an excellent price and a risk free guarantee.
Complete the activity to explore how the elements of our value proposition correspond to your needs.
Phase 1: What's most important to You? Drag and drop to rank your priorities.
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 clients access to 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.
MA in International Politics from IBEI and Executive MBA from ESADE
Our Team
Dr. Mark Trexler
Technical Lead
Intergovernmental Panel on Climate Change Lead author, 35 years experience advising 150+ international clients on climate risk. 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. 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. This is Mark’s fourth collaboration with New Day.
PhD in International Environmental Policy from UC Berkely
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.
PhD from Universidad de La Rioja in Sustainability & Energy Studies
Our Approach
First Guideline
Second Guideline
Third Guideline
PREDICTING THE FUTURE IS IMPOSSIBLE
MAKING GOOD DECISIONS IN THE FACE OF UNCERTAINTY IS NOT
X Avoid producing a purely numerical report that is disconneced from the reality of your business. ✔ We know how to ensure that risk analysis is a step forward that supports your business strategy.
X Avoid mere compliance exercises that give the appearance that the ESG team is a source of costs rather than a source of value. ✔ We focus specifically on demonstrating that the ESG team is a driver of value for the business.
X Avoid trying to predict the future. ✔ Start using a set of powerful rules that simplify and clarify decision making so that you can improve your probabilities of growing the business and avoiding costs.
Review the guidelines shown on the right and click on each one to explore them in detail.
Select your Service Components
Summary of key points:
We offer unparalleled access to the 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, the Sustainability Team is more likely to help the company acquire new clients and grow.
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. Terms: New Day reserves the right to cancel the project at any time with 30 days' notice in case of misuse of the project content or results, such as greenwashing tactics or actions that delay climate action.
Price and Conditions
Immediate Practial Insight
The challenging part of this exercise is not the risk identification. The challening parts are:
Relating those risks to your business in a simple, clear and meaningful way and
Providing the most robust risk report possible without startling or angering your private equity partners
The following practical steps can help ensure you are ready to publish your submission on time:
Consider scheduling data gathering meetings now so that you don't find your colleague's calendars blocked and face delays when starting the project. Depending on the status of your data collection, you may need meetings with representatives from supply chain, finance, marketing, and product design
Make sure the IT Team is informed and prepared to publish your report on your website
Have a plan for validation. This may mean having 1 to 2 touch points with executive leadership and 1 to 2 touch points with your private equity partners prior to publishing the report
