Energy sector: How to expedite climate resilience

The energy sector is responsible for over 75% of greenhouse gas emissions globally and two-thirds of year-on-year emissions increases. To meet the need for clean, safe and sustainable energy, change needs to happen now, and fast.

But how can the energy sector balance business needs with reduced carbon emissions and climate resilience – while meeting growing regulatory requirements and stakeholder demand for change?

First, develop your real-time understanding of climate risk

You need the right data and systems to get a coherent understanding of your organisation’s climate risks and opportunities.

The Twinn Climate Intelligence Suite combines global risk consulting with resilience and sustainability solutions, helping you navigate climate risk in an efficient and compliant way. For example, you can:

• Analyse decades of historic, real-time and future-modelled climate data – giving you risk scores for various future (as well as current) scenarios
• Take a comprehensive, multi-hazard approach – covering 19 natural hazards, so you gain a deep understanding of climate risk exposure across your assets, networks and value chain globally
• Predict and mitigate the impact of climate risk – so you can minimise supply chain issues and protect your assets and networks

Next, enable ownership of the climate risk mitigation agenda

Once you understand climate risk, you’re better positioned to formulate a cohesive response. This means the tempo of change can accelerate. To date, the industry has been unsure who should ‘own’ climate change, meaning responses have been too piecemeal to be effective. For example, it’s highly unusual to find boards with Chief Climate Officers.

Our experts can help you bridge that gap.

Our data and software are backed by Royal HaskoningDHV’s 140 years of engineering expertise, and our experts support you as you adapt and thrive in a changing world. We’re also at the sharp end of regulatory developments in this area. Not only are we members of TCFD and Climate Wise, but we’re also strategically involved in the Bank of England climate working group.

Our consultants can therefore help you structure your climate resilience approach accounting for factors such as changes to climate science, engineering realities, regulatory shifts and business drivers.

Then, leverage climate risk intelligence to drive sustainable growth

By integrating climate risk intelligence into your decision-making, you can predict and prevent disruption in a range of future climate scenarios. You can then plan to propel growth while reducing emissions and mitigating risk.
For example, advances (and huge investment) in promising technologies like hydrogen, decarbonisation, energy transport networks and renewable power are driving innovation. These areas can make significant advances in climate resilience over the coming decade when powered by the right risk data. Also consider that:

• Recent shareholder votes at Chevron and Exxon Mobil illustrate the investor appetite for faster transformation
• Pensions and other key funds are increasingly taking account of companies’ physical and transitional climate risk
• Several large organisations in The Netherlands have brought forward climate goals to meet new, more challenging deadlines

Twinn gives you the data you need to power your climate resilience journey – helping you make decisions that drive positive change while meeting regulatory requirements and stakeholder demand for change.

Explore the possibilities of our climate risk management solutions.