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The market expectations for reporting climate information are high, despite the EU Omnibus process. RSM has specifically chosen to focus on climate and nature in business and has the market-leading expertise to assist companies within these subject areas whether it be with VSME reporting, focused climate reporting, establishing science-based targets, or assessing own climate and nature risk exposure. For companies with more mature climate and nature work, the best approach may be to collect these individual pieces in a complete transition plan.
Ove the past few years our experts have assisted a wide range of Norwegian companies from different branches with their climate and nature work. Depending on your needs, we can assist you in everything from establishing your first ever greenhouse gas account to creating comprehensive climate and nature transition plans.
RSM may help you with:
We will work with you to create a greenhouse gas account that meets your needs, be they meeting regulatory requirements, responding to customer information requests, or establishing a baseline to guide further climate work. Our greenhouse gas accounting is always in line with Greenhouse Gas Protocol guidelines, and we will adapt our process to your desired involvement.
The Science Based Targets initiative (SBTi) is widely accepts as the gold standard for emissions targets, and many large companies have begun requiring that their suppliers set their own SBTi targets. We can assist you through the entire process, from improving your greenhouse gas accounting in order to meet SBTi requirements, to emission reduction planning, to filling out and sending in the application. If you plan to set an emissions target without going through SBTi, we can assist with target formulation, emission reduction planning, and communication.
A good climate risk assement is based on at least two climate scenarios and results in an overview of all climate change related risks a company is exposed to, including physical climate change risks as well as so-called transition risks. We conduct climate risk assessments following the recommendations from the Taskforce on Climate-related Financial Disclosures (TCFD), which are integrated in the IFRS.
Nature risk assessments, unlike climate risk assessments, examine both a company’s impacts on nature and risks. These assessments are highly location specific and should be conducted following the recommendations from the Taskforce on Nature-related Financial Disclosures (TNFD). Our experts closely follow updates in the field and can set up an assessment process adapted to your needs.
A transition plan is in many ways a combination of the other workstreams in a comprehensive, clear plan for a how a company with achieve its strategic goals and deliver on its commitments. RSM creates transition plans based on the framework developed by the working group “Transition Plan Taskforce” (TPT) which gives companies credible, actionable plans.
