Scenario Planning

What is a scenario plan?

A scenario plan is a comprehensive roadmap that outlines specific actions and milestones to achieve greenhouse gas (GHG) reduction targets. Short and long term goals will be established based on recognized frameworks such as the Science-Based Targets Initiative (SBTi) or your organization’s internal framework. The plan includes cost-benefit analyses of various mitigation measures and evaluates market-based instruments such as voluntary carbon offsets from different carbon registries and carbon offset projects, power purchase agreements (PPA), and virtual power purchase agreements (VPPA).

Additionally, it details implementation steps, allocates resources, and establishes mechanisms to monitor progress effectively.

Why make a scenario plan?

Creating a scenario plan positions your facility as a leader in a changing energy landscape. Regulatory bodies and investors expect commitment to reducing greenhouse gases from businesses. A scenario plan can help your facility:

Optimize resource use

Implementing carbon reduction strategies can reduce costs and resource use by identifying excess use of energy and raw materials.

Enhance long-term business sustainability

Reduce operational costs and prepare your business for a low-carbon economy.

Mitigate potential regulatory risks

Ensure compliance with evolving environmental laws and meet emissions reduction targets.

Meet IFRS S2 standards

Use our scenario planning tools to develop a plan that discloses and manages risks in accordance with internationally recognized standards.

Strengthen responsible business reputation

Demonstrate a commitment to sustainability and meeting stakeholder expectations for improving environmental impacts.

Innovate and create new revenue streams

A scenario plan provides new opportunities for investment and differentiates your facility from competitors.