Share the "Techniques & Solutions" used relevant to the Climate Change SIG to be included in the Practice Guide so others can learn from your experience.
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Share the "Techniques & Solutions" used relevant to the Climate Change SIG to be included in the Practice Guide so others can learn from your experience.
So, we all collective commitment and shared interest to support the overarching goal “to limit the temperature increase to 1.5°C above pre-industrial levels.”
How does management of complexity, and the emergent risks from unrealised interconnected activities/events impact our ability to reduce our carbon footprint?
Many companies, especially those tendering for Public Sector Contracts, are seeking to reduce their greenhouse gas emissions and report progress via Carbon Reduction Plans for ‘Scopes 1, 2 and 3 emissions’. Essentially, Scope 1 are those direct emissions that are owned or controlled by a company. Whereas Scope 2 and 3 indirect emissions are a consequence of the activities of the company but occur from sources not owned or controlled by it.
However, in the rush to become Carbon Neutral, are we creating hidden risks; for example by creating societal problems for those less financially able to invest in green technologies?
For example, in the UK 2023 saw a revolt against green initiatives such as the expansion of London's Ultra Low Emission Zone (Ulez), phasing out gas-powered boilers, and banning off-grid fossil fuel?
Why? Because many in the public felt that the "costs of going green" had been under reported. For example, driving in the Ulez, would incur a £12.50 daily charge if the vehicle doesn't meet certain emission standards. This was felt by some groups like Pensioners to being unfair for those on fixed annuity incomes, needing essential access to their legacy vehicles.
What techniques can risk management employ to provide real-time feedback on operational decisions to drive more sustainable decision-making? For example, how can risk management support cost and carbon planning and estimating to implement PAS 2080?
Risk management has a role to play in simplifying the processes of estimating, recording, and reporting environmental measures such as carbon emissions in line with RICS EN 15978 methodology on whole life carbon assessment for the built environment.
A whole life carbon assessment can be carried out before the commencement of the technical design (RIBA Stage 4) to enable the tracking of total embedded carbon at the lowest component level from inception through decommissioning. Thereafter, Risk and Commercial Managers can develop financial incentives (positive/negative) for Contractors on whole life carbon performance through the development of a Performance Table by identifying:
subject / issue to be addressed,
performance target,
unit of measurement,
date when performance to be measured,
financial adjustments if target is missed,
financial adjustments if the target is met,
any limits on the amounts to be paid by the Contractor.
Risk & Opportunity management can thereafter report on performance against the targets in the Performance Table (PT) at regular intervals (using NEC4 clause X29.12) and raise Early Warnings against the targets and agree corrective/preventative actions by using the Task Force on Climate-related Financial Disclosures (TCFD) Framework and MACKAY Carbon Calculator.
What strategies do you employ to identify carbon reduction opportunities and monitor progress in achieving them: Product stage [A1–A3] Construction process stage [A4–A5] Replacement stage [B4] for facade Operational energy use [B6]?
So, we all collective commitment and shared interest to support the overarching goal “to limit the temperature increase to 1.5°C above pre-industrial levels.”
How does management of complexity, and the emergent risks from unrealised interconnected activities/events impact our ability to reduce our carbon footprint?
Many companies, especially those tendering for Public Sector Contracts, are seeking to reduce their greenhouse gas emissions and report progress via Carbon Reduction Plans for ‘Scopes 1, 2 and 3 emissions’. Essentially, Scope 1 are those direct emissions that are owned or controlled by a company. Whereas Scope 2 and 3 indirect emissions are a consequence of the activities of the company but occur from sources not owned or controlled by it.
However, in the rush to become Carbon Neutral, are we creating hidden risks; for example by creating societal problems for those less financially able to invest in green technologies?
For example, in the UK 2023 saw a revolt against green initiatives such as the expansion of London's Ultra Low Emission Zone (Ulez), phasing out gas-powered boilers, and banning off-grid fossil fuel?
Why? Because many in the public felt that the "costs of going green" had been under reported. For example, driving in the Ulez, would incur a £12.50 daily charge if the vehicle doesn't meet certain emission standards. This was felt by some groups like Pensioners to being unfair for those on fixed annuity incomes, needing essential access to their legacy vehicles.
What techniques can risk management employ to provide real-time feedback on operational decisions to drive more sustainable decision-making? For example, how can risk management support cost and carbon planning and estimating to implement PAS 2080?
Risk management has a role to play in simplifying the processes of estimating, recording, and reporting environmental measures such as carbon emissions in line with RICS EN 15978 methodology on whole life carbon assessment for the built environment.
A whole life carbon assessment can be carried out before the commencement of the technical design (RIBA Stage 4) to enable the tracking of total embedded carbon at the lowest component level from inception through decommissioning. Thereafter, Risk and Commercial Managers can develop financial incentives (positive/negative) for Contractors on whole life carbon performance through the development of a Performance Table by identifying:
subject / issue to be addressed,
performance target,
unit of measurement,
date when performance to be measured,
financial adjustments if target is missed,
financial adjustments if the target is met,
any limits on the amounts to be paid by the Contractor.
Risk & Opportunity management can thereafter report on performance against the targets in the Performance Table (PT) at regular intervals (using NEC4 clause X29.12) and raise Early Warnings against the targets and agree corrective/preventative actions by using the Task Force on Climate-related Financial Disclosures (TCFD) Framework and MACKAY Carbon Calculator.
What strategies do you employ to identify carbon reduction opportunities and monitor progress in achieving them: Product stage [A1–A3] Construction process stage [A4–A5] Replacement stage [B4] for facade Operational energy use [B6]?
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