Carbon accounts reporting for FTSE-100 global insurance business

Written by Jeff Rouse
22 Feb 2024
Carbon Reduction

We supported our client, a FTSE100 listed global insurance business, to produce their Global Carbon Accounting Report - identifying 5,550tCO2e across their Scope 1, 2, and 3 emissions. The delivery of reporting and improvements has allowed us to retain a 3-year term of support.

Our client’s requirements

To meet a key sustainability requirement, the client had pledged to produce a GHG report and supporting data visualization platform for scope 1, 2 and 3 carbon emissions. This report would be following the GHG methodologies, auditable with “limited assurance” by external auditors.

As a result, the client needed to develop a platform and dashboard that was:

  1. Accurate
  2. Scalable
  3. Volume data capable
  4. Secure

How did we support them?

We reviewed our client’s GHG data by department to ensure accuracy, reliability, and quality. This supported the design of a data schema to enable integration of correct data points, and achieve the reporting output requirements, while complying with the GHG methodology.

We designed a parser report route to harvest available database fields, and developed API connectivity for energy reporting, purchasing, invoicing, and expenses.

We also developed the visualisation platform, taking inputs from consumer types for all scopes, and the regional/consumer specific emission factors within the reporting methodology. The visualisation dashboards were configured to provide a view of global, regional, and country specific GHG emissions reporting.

What results did this deliver?

The platform and dashboard enabled the completion of carbon accounts reporting, which identified 5,550tCO2e across their Scope 1, 2, and 3 emissions.

Some of the key outputs include:

  • Utilisation of the data and platform to enable a post-covid baseline, and be used for the purpose of external auditing.
  • Improvements to the client’s internal data reporting and storage methodologies, to enhance the quality of available data for historical analysis and future carbon consumption.
  • Developing dashboard functionality to provide visibility of KPI’s and help reduce fiscal footprint across global, regional, country, and city units.
  • Replication of scope reporting and process for the global companies’ subsidiaries, for use in future reporting outputs.
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Our Carbon Strategies Team

Kevin McCullough

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Kevin leads the Carbon Strategies Board and guides our Net Zero ambitions.

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Ian Barker

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Ian shapes the vision for Carbon Strategies and BFY Group - inspiring the team to deliver exceptional results.

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Craig Needham

Director

Craig helps our clients to build their Net Zero journey and bring it to life.

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Angela Tooley

Head of Private Equity, Real Estate & ESG

Angela specialises in the creation and implementation of growth strategies, as well as supporting clients through special situations, with M&A advisory, restructuring, and crisis management.

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Jeff Rouse

Decarbonisation Consultant

Jeff helps our clients to operationalise their decarbonisation strategy and achieve Net Zero.

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