A global Fortune 500 semiconductor manufacturer headquartered in the U.S. called on BWD to refresh its sustainability strategy through materiality assessment and climate scenario analysis. The company had identified a need to move away from “corporate social responsibility” and develop an approach that integrated sustainability into corporate strategy.

Our materiality assessment engaged executives to identify important issues from the perspective of financial risks and opportunities, as well as stakeholder impact. The assessment enabled the new cross-functional sustainability team to hone its focus and prepared it for emerging reporting requirements – including the EU Corporate Sustainability Reporting Directive.

Our climate scenario analysis combined quantitative analysis (e.g. the effects of specific carbon prices or increasing costs of extreme weather), with qualitative analysis (e.g. aligning climate-related issues with corporate risk categories). At the end of the analysis, the sustainability lead knew exactly how to integrate climate-related issues into strategic planning – such as working with team X to apply a shadow carbon price of Y to ensure that the organization made the right capital expenditure.