Énergir, the province of Quebec’s largest gas utility with additional assets in both Quebec and Vermont, recently released its first climate risks disclosure report with support from Dunsky. Our firm conducted quantitative scenario analyses for Énergir according to guidelines set by the Task Force on Climate-Related Financial Disclosures (TCFD) to assess multiple risk scenarios resulting from policies to address climate change.
As part of Énergir’s commitment to sustainability and promoting an energy efficient future, the utility sought Dunsky’s in-house expertise to apply TCFD guidelines in the development of a variety of plausible scenarios to help them understand how the company can develop robust business strategies to guide them through the clean energy transition required to mitigate climate change.
Closely following TCFD requirements, our firm developed robust methodologies to take emission scenarios from Canada and at a global level, scale them to Quebec and Vermont, and conduct assessments relevant to Énergir’s business context. Dunsky also conducted a scan of Énergir’s peers and existing TCFD disclosures, and conducted interviews with peers and institutional investors, to ensure a robust, best-in-class TCFD assessment.
“We applaud Énergir’s commitment to reducing its carbon footprint. By insisting on a robust TCFD assessment, disclosing it publicly, and taking meaningful steps to slash emissions, Énergir is positioning itself to be relevant in a clean, low-carbon energy future”, said Philippe Dunsky, President of Dunsky Energy Consulting. “We are proud of our longstanding relationship with Énergir, and look forward to continue supporting its efforts to accelerate energy efficiency and reduce GHG emissions.”
In addition to the analysis of various scenarios, Dunsky supported Énergir with recommendations for mitigation measures, and helped guide discussions around understanding physical climate risk analysis in relation to various emission reduction scenarios.
Dunsky supports its clients – utilities, governments, corporations and others from across North America – to accelerate the clean energy transition, effectively and responsibly. As organizations look to take a proactive role in fighting climate change and provide investors with TCFD-inspired, climate-relevant data, Dunsky can help clients understand their emissions, identify and quantify mitigation solutions, and successfully position their business for the clean energy transition.
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