Credible Net Zero Transition Strategy

Sculpt Partners advised a leading Asia Pacific telco firm augment its Net Zero strategy by structuring nature and engineering-based carbon offset solutions

Challenge

• One of the earliest Asian companies to commit to Science Based Targets initiative protocol (SBTi) with a Net Zero commitment by 2045
• Targeted 55% reduction in Scope 1 and 2 emissions and a 40% reduction in Scope 3 emissions by 2030 (using 2021 baseline)
• An internal review in 2023 indicated significant challenges in meeting commitments with a risk of overshooting 2030 targets by >30%

Our approach

• Benchmarked client’s decarbonisation initiatives with leading global Telco players
• Reviewed potential carbon removal solutions to bridge gaps between targets and current initiatives
• Currently evaluating multiple commercial arrangements on behalf of the client for long-term purchase of carbon offset solutions

Impact

Current decarbonisation initiatives and gap vs. SBTi commitment

Peer benchmarking of decarbonisation strategy and initiatives

Potential carbon removal solutions to bridge gaps between targets and current initiatives

• Author
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Kumar Subramanian

Founding Partner and Managing Director at Sculpt Partners

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