Climate Disclosure
TCFD Support and Readiness Study
Sector
Oil & Gas
Annual Revenue
$520 Million
Scenario Modelling
Qualitative and Quantitative for Policy, Physical Risks
Standards Considered
TCFD
ISSB
GHG Protocol
Emissions Considered
Scope 1
Scope 2
Certain Scope 3
Preparing Climate Disclosure as per UK FCA regulations for large LSE listed companies.
Under UK regulations, premium listed companies have compliance obligations with respect to Climate Disclosure as per TCFD recommendations.
Need:
An LSE listed E&P client asked ERCE to support the development of their TCFD system, in preparation for an ISAE 3000 audit.
Project:
ERCE reviewed their GHG Inventory and TCFD modelling. This included the management systems, qualitative and quantitative analysis and reporting.
Outcome:
We identified gaps and worked with the field staff, sustainability team, reserves group and finance group to update modelling and reports.