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Case study – 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
A pragmatic, executable decarbonisation strategy combining abatements and high-quality offsets
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
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