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Report

Quantifying your net zero strategy: a balancing act between decarbonisation risk and opportunity

Achieving net zero is a complex challenge that organisations are increasingly committing to undertake. This report, in partnership with Risilience, walks through the five steps organisations will typically need to go through to build a robust net zero plan.
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08/30/2023

As organisations outline their ambitions for net-zero targets, they must consider the associated risks and opportunities of decarbonisation. In order to develop a truly robust, viable strategy, there are a number of key questions to address, including:

  • When does the company aim to achieve net-zero emissions by and are there interim targets?
  • What are the main sources of emissions that need to be targeted?
  • What emissions-reduction initiatives are currently available, how much do they cost, and how long will they take to implement?
  • What impact will these initiatives have on the wider business?

With the help of an illustrative case study, our report demonstrates how using a quantitative approach early on can help companies achieve greater clarity of the cost-benefit of different decarbonisation strategies, alongside views on return on investment and understanding of strategic decision support tools. To do so, we cover the five steps organisations will typically need to undertake on the path to building their net-zero plans:

  1. Quantify baseline risk
  2. Set goals and targets
  3. Quantify bottom-up strategies
  4. Optimise the cost-benefit roadmap
  5. Implement, monitor and report

Report

Quantifying your net zero strategy: a balancing act between decarbonisation risk and opportunity

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This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and any analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. 
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