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Grandjean, Romain; Lepetit, Michel; Morel, Laurent; Francois-Nicolas Boquet
The Shift Project, 16-18 rue de Budapest, 75009 Paris (France); Association francaise des entreprises privees/French Association of Large Companies - Afep, 11 avenue Delcasse, 75008 Paris (France); Afep, 4-6 rue Belliard, 1040 Bruxelles (Belgium)2019
The Shift Project, 16-18 rue de Budapest, 75009 Paris (France); Association francaise des entreprises privees/French Association of Large Companies - Afep, 11 avenue Delcasse, 75008 Paris (France); Afep, 4-6 rue Belliard, 1040 Bruxelles (Belgium)2019
AbstractAbstract
[en] Both energy transition and climate change adaptation are unavoidable challenges to be tackled in the long run. They can occur in a chaotic and uncertain manner and will affect the environment in which corporates operate (operations and markets). Stakeholders, in particular in the financial sector, are increasingly asking companies to provide information regarding their alignment with the Paris Agreement targets. These information however do not cover all the issues at stake and, as such, cannot substitute for a more in-depth analysis carried out by companies. A scenario-based foresight analysis is to consider how an organisation might perform under possible but different futures, each of them described by a scenario. This is an appropriate tool for incorporating energy transition and climate-related issues (mitigation and adaptation) into a company's strategic planning and for understanding the related uncertainties. Public energy-climate scenarios - on which the analyses carried out by companies and their stakeholders are or may be based - are not necessarily designed for this purpose. They come with certain limitations, particularly as regards the choice of input assumptions and the type of models used. Discussions with public scenario producers may help to overcome these difficulties. Given the limitations of public scenarios, companies likely to be particularly affected by energy transition and climate change are recommended to conduct an operational foresight analysis based on in-house scenarios. Such scenarios are first based on a story line describing the changes in the company's business environment. Once a company has completed an in-house scenario-based foresight analysis, it may disclose information following the TCFD framework and the European Commission new guidelines on reporting climate-related information (that supplement the guidelines on non-financial reporting)
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Nov 2019; 138 p; 126 refs.; Available from the INIS Liaison Officer for France, see the INIS website for current contact and E-mail addresses
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