Acasta has developed a climate-focussed framework for Well-Safe Solutions (WSS).
The Taskforce for Climate Related Financial Disclosures (TCFD) is a recognised climate-related disclosure framework that provides a standardised approach to analysing and reporting climate risk.
Acasta’s service offering has embedded the recommendations of TCFD and created a pathway to enable companies to develop a top quartile response to the energy transition challenge, demonstrating their credentials on climate risk compliance to investors and stakeholders alike.
Its work with WSS involved:
- Conducting detailed gap analysis against the 4 pillars of the TCFD including competitor benchmarking
- An assessment of climate risks starting with a bottom-up approach and expanding to individual assets and business units
- Identification of key risks and KPIs
- Agreement on a TCFD roadmap to align with stakeholder expectations
The completion of this project will enable WSS to demonstrate that it is ahead of the climate risk curve, addressing both regulatory and investor-held expectations.
Matt Jenkins, Chief Operating Officer of Well-Safe Solutions, said, “Acasta’s expertise in this field has been instrumental in helping us improve our organisation’s awareness of climate risk and building an aspirational but achievable roadmap for our business as we navigate the energy transition.”
For more information, or to discuss how Acasta can help with your TCFD journey, contact craig.stevens@acastarisk.com.