The impacts of climate change are becoming more evident, prevalent, and far-reaching – and businesses in the Philippines are affected in a variety of ways. Physical climate risks increasingly threaten your firm’s bottom line, while regulators, investors, and consumers demand greater action from your firm to understand, report and manage its climate risk exposure. At the same time, the economy-wide transition to net-zero, new technology, and market sentiment may disrupt your business model and pose new challenges and opportunities. Businesses that do not address climate risks are likely to fail, facing increased pressure on their profitability, liability risk and potentially restricted access to capital and liquidity.
The Financial Stability Board has created the Task Force on Climate-Related Financial Disclosures (TCFD) to develop recommendations on how your organization can understand, report, and manage the financial impacts of climate change to its operations. In the Philippines, the TCFD recommendations serve as a basis for the Securities and Exchange Commission’s (SEC) 2019 Sustainability Reporting Guidelines for Publicly Listed Companies.
Our TCFD advisory services and our comprehensive approach to climate risks can support your business in its journey towards climate resilience that is aligned with the TCFD recommendations and the Philippine SEC's sustainability reporting guidelines. We will guide you from understanding and measuring risk to reporting on strategic actions and implementing a strategic response.
Our TCFD advisory services
Our TCFD advisory services support you in getting answers to your organization’s key climate-related problems at every stage of your climate resilience journey. Please reach out to our Philippine-based colleague if you have queries, such as on indicative project timelines, estimated costs, and other information or documents you may require from us for procurement purposes.
Measure and understand
These services help you understand and measure the vulnerability of your firm's operations and its value chain to climate change.
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Physical climate hazard assessment
We provide high-level climate risk screening that identifies the climate hazard exposure of your physical assets. We can quantify the expected physical climate impacts that your assets may experience from a range of present-day acute and chronic climate hazards.
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Climate risk and vulnerability analysis
We provide a clear picture of vulnerability for your single or multiple physical assets, covering both acute and chronic climate risks, and of potential losses and the financial implications of climate risks to your operations. We also help you understand how climate change will affect intangible assets such as reputation, intellectual property and human capital.
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Transition risk assessment
We work with you in identifying transition risks and opportunities associated with your chosen climate scenario and time horizon. We also assess and quantify the financial impact of the identified risks and opportunities, giving you a relative prioritization of risks.
Manage and report
These services help you identify your organization's most cost-effective climate change adaptation options.
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Risk pricing and cost-benefit analysis
We provide estimates of costs associated with various climate hazards, including downtime analysis and business interruption. When coupled with cost estimates for adaptation and resilience options, including costs avoided, this analysis provides you a clear picture of the most cost-effective approaches to manage risk.
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Climate scenario planning
We help you identify climate risks and opportunities across a range of possible climate futures. This allows you to incorporate climate risk into your strategic planning, making well-informed decisions about the types and locations of new investments, where to situate operations, contingency planning for potential transport or supply disruptions, and operations analysis under various climate scenarios.
This service helps you communicate to stakeholders, particularly investors, regulators, and consumers, progress on your organization's climate strategy following global reporting standards.
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TCFD gap analysis, roadmap, and reporting
Through our TCFD Gap Analysis, you will more clearly understand the status of the alignment of your existing disclosures, activities, and policies with the TCFD recommendations. This analysis is typically coupled with our TCFD Roadmap, which will provide you an actionable, logical, and practical action plan, for the short, medium, and long term, towards alignment with the TCFD recommendations.
Respond strategically
These services help you embed climate change into your organization's business and strategic planning
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Strategic plans for long-term leadership
We help you define how climate change links to your organizations’ purpose and value and how it will form a part of your value proposition. We help ensure that your people strategy drives your climate strategy, identifying and nurturing behavior you need from your people to develop a culture that is responsive to climate change.
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Change management advisory
Taking a people-centered approach, we work with you in many different capacities, from strategy development to on-site staffing for your organization.
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Incentives and reward programmes
We help you embed material and measurable climate-related targets within incentive programs to ensure accountability for the delivery of the strategy.
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Employee learning and engagement
We offer a range of climate learning services, from tailored e-learning modules that can be rolled out company-wide to Board-level training on climate risk, to build role models within leadership and foster the desired culture.
Our Clients
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Our corporate clients are found all over the world and come from a range of industries, such as retail, banking, energy, mining, food & beverage, manufacturing, holding companies, real estate, consumer goods, and aerospace.
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Our consultants have delivered more than 450 climate adaptation or disclosure consulting projects.
Please reach out to us if you need more information on TCFD advisory projects we have delivered for clients.
