How We Helped Clients Define And Realise Their Sustainability Goals
We have deep experience helping corporations in Asia to understand the relevance of ESG and develop customised strategies, goals and programmes to activate sustainable change and create lasting value for our clients and society.
We brought our technical expertise in climate science and social impact assessment to help clients understand their footprints and influence to inform decisions.
We brought our technical expertise in climate science and social impact assessment to help clients understand their footprints and influence to inform decisions.
How We Helped Clients Define And Realise Their Sustainability Goals
We have deep experience helping corporations in Asia to understand the relevance of ESG and develop customised strategies, goals and programmes to activate sustainable change and create lasting value for our clients and society.
We brought our technical expertise in climate science and social impact assessment to help clients understand their footprints and influence to inform decisions.
We brought our technical expertise in climate science and social impact assessment to help clients understand their footprints and influence to inform decisions.
- Realising 35% reduction in Scope 1 & 2 carbon emissions in 4 years through an SBTi-validated pathwayGuided a Global 500 Japanese electronic components manufacturer to instil climate mitigation as a strategic pillar for revenue growth, while realising a 35% reduction in Scope 1 & 2 emissions in 4 years. We helped the client develop its GHG emissions inventory and achieved SBTi validation of the company’s near-term and long-term decarbonisation pathway, as well as improved its CDP Climate rating to become global A-List.
- Saving HKD30m energy cost and moving towards net zero goalAnnual energy consumption in 2023 reduced by 8% compared to 2019, equivalent to a saving of about HKD 30 million, for an international property and hospitality group through our recommended retrofitting and retro-commissioning initiatives. Drove 26% carbon reduction over the same period by implementing climate strategies we developed for operations across Greater China, the US and Europe, setting them on a path to net-zero by 2045.
- Harnessing opportunities in green transition policies and customer engagementCatalysed an Australia-listed personal finance company to unearth its strategic advantages in securing policy-driven favourable financing for climate-focused products. Fostered deep engagement with its investors, customers and employees by guiding the issuer through its inaugural materiality assessment.
- Uncovering 20% emissions reduction opportunity in the design of a new technology through LCAPIE conducted a comparative Environmental Life-cycle Assessment (LCA) of a new technology solution for the separation and recycling of post-consumer blended textile for a research institute. The research enabled the commercialisation of the new technology in ways that create lower environmental impact compared with existing industry practices and the effective communication of the competitive edge of the new technology to potential licensee .
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Unlocking new markets through a circular economy and cutting carbon emissions in material sourcing
Defining a strategic transformation pathway for a luxury jewellery group to tap into new markets driven by a circular business model, potentially increasing operating profitability by saving resources. Wove sustainability into the brand’s narrative and helped the group develop stakeholder engagement plans to communicate this visionary shift.
Reinforced the company’s leadership in the jewellery industry by setting a strategy focused on traceability of raw materials, recycled sources, optimised packaging and minimised use of harmful chemicals in production.
Reinforced the company’s leadership in the jewellery industry by setting a strategy focused on traceability of raw materials, recycled sources, optimised packaging and minimised use of harmful chemicals in production.
2022
Advising ESG disclosure in IPO listing application on HKEX for a life sciences group
Advising ESG disclosure in IPO listing application on HKEX for a life sciences group
PIE advised an Asia-based life-sciences group on its ESG materiality assessment and prepared the ESG disclosure in its IPO prospectus.
The Stock Exchange of Hong Kong Limited (HKEX) encourages IPO applicants to disclose the identification process or selection criteria of material ESG risks that are relevant to the company. Generic "negative statements" regarding ESG risk materiality assessment, such as "we do not involve / we are not subject to any material ESG risks", do not provide meaningful information for understanding how the board arrives at such conclusion, in HKEX's latest recommendations (November, 2021).
The Stock Exchange of Hong Kong Limited (HKEX) encourages IPO applicants to disclose the identification process or selection criteria of material ESG risks that are relevant to the company. Generic "negative statements" regarding ESG risk materiality assessment, such as "we do not involve / we are not subject to any material ESG risks", do not provide meaningful information for understanding how the board arrives at such conclusion, in HKEX's latest recommendations (November, 2021).
2022
Designing and facilitating board-level ESG training for a leading retail group
Designing and facilitating board-level ESG training for a leading retail group
PIE designed and facilitated a series of workshops to educate and engage the company's Board of Directors of a listed retail group in building shared understanding and aspirations on ESG issues material to the company.
The workshop enabled the Board of Directors, including cross-generations of owner-family, to build shared understanding of key environmental and social sustainability trends affecting the company's business landscape in the medium to long-term.
The workshop enabled the Board of Directors, including cross-generations of owner-family, to build shared understanding of key environmental and social sustainability trends affecting the company's business landscape in the medium to long-term.
2021
Setting bespoke climate strategy with implementation support for an international property and hospitality group
Setting bespoke climate strategy with implementation support for an international property and hospitality group
PIE supported a listed international property and hospitality group to develop bespoke climate strategies, with relevant and inspiring goals and targets, and clear action plans to drive implementation, covering the group's operations in Greater China, US and Europe.
PIE also recommended the governance structure of ESG matters to facilitate stronger leadership, internal alignment and execution support. Facility audit, with policy review and stakeholder interviews were conducted to gather data and insights to benchmark the sustainability performance at site-level.
The long-term climate strategy and governance structure endorsed by the Board, and with clear accountability and execution plan for the short- and medium-term. Organisation-wide transition and strategy implementation were activated since 2021.
PIE also recommended the governance structure of ESG matters to facilitate stronger leadership, internal alignment and execution support. Facility audit, with policy review and stakeholder interviews were conducted to gather data and insights to benchmark the sustainability performance at site-level.
The long-term climate strategy and governance structure endorsed by the Board, and with clear accountability and execution plan for the short- and medium-term. Organisation-wide transition and strategy implementation were activated since 2021.
2018
Setting ESG strategy and impact goals for a leading conglomerate in Asia
Setting ESG strategy and impact goals for a leading conglomerate in Asia
A leading conglomerate in Asia, with a diverse portfolio of businesses across different industries and regions, was looking to develop a group-level ESG strategy, with clear direction and targets, to galvanise the teams across its group of companies and drive actions in a more systematic and intentional approach.
Through a bespoke process involving baseline performance assessment and benchmarking study, as well as stakeholder engagement and materiality assessment, PIE helped the conglomerate successfully develop a strategic sustainability wireframe with long-term vision and galvanising goals, as well as mid-term impact targets that are applicable to its group of companies across different regions and industries. The new sustainability strategy was designed to support and augment the conglomerate's investor engagement and growth strategy in the region.
The company has since been diligently driving the implementation of the strategy across its group of companies, while receiving recognitions and accolades as a sustainability leader in Asia and seeing continuous improvement in different investor-focused ESG ratings.
Through a bespoke process involving baseline performance assessment and benchmarking study, as well as stakeholder engagement and materiality assessment, PIE helped the conglomerate successfully develop a strategic sustainability wireframe with long-term vision and galvanising goals, as well as mid-term impact targets that are applicable to its group of companies across different regions and industries. The new sustainability strategy was designed to support and augment the conglomerate's investor engagement and growth strategy in the region.
The company has since been diligently driving the implementation of the strategy across its group of companies, while receiving recognitions and accolades as a sustainability leader in Asia and seeing continuous improvement in different investor-focused ESG ratings.
The Challenge
A leading global electronic components manufacturer has long been tracking and driving emission reductions for Scope 1 and 2 emissions from its day-to-day operation, and wanted to develop its greenhouse gas emissions inventory for Scope 3 emissions and set credible science-based emissions reduction target.
The company also wanted to understand the resilience of its assets and business strategies to climate change impact, and explore how it might take a more progressive approach to manage climate-related risks and opportunities.
The company, headquartered and publicly listed in Japan, is a leading electronic components innovator and manufacturer globally, with a workforce of 77,000, R&D centres and manufacturing facilities in over 100 locations around the world, as well as a complex global supply chain network and client markets.
Impact / The Sustainable Change
PIE worked with the company closely through a methodical emissions accounting and target-setting process to develop its GHG emissions inventory and near-term and long-term science-based emissions reduction targets, which successfully achieved approval and validation by the SBTi. PIE also provided a customised emissions consolidation tool for the company to continue to track its Scope 1, 2 and 3 emissions and disclose annually its progress in driving emissions reduction.
The company's CDP Climate scores improved from Level B to global A-List and is recognised as Supplier Engagement Leader over a two-year climate journey together. It also integrated TCFD aligned disclosure, with qualitative and quantitative financial impact, in its annual financial report.
Insights from the climate scenario analysis and investor research, supported by a strategic internal engagement programme, inspired the company to refresh investment, R&D and business strategy to be in tune with opportunities brought by climate change.
PIE's services
• Greenhouse gas emissions accounting to set a baseline Scope 1, 2, 3 emissions inventory
• Setting science-based targets and managing validation process with SBTi
• Climate scenario analysis to assess and stress test physical risks and transition impacts brought by climate change
• Internal engagement to connect climate-related risks and opportunities to business priorities
• Investor research to provide the intelligence to equip the company to turn climate change into an advantage in engagement with investors
• Climate-related investor disclosure advisory: TCFD and CDP disclosure
The company also wanted to understand the resilience of its assets and business strategies to climate change impact, and explore how it might take a more progressive approach to manage climate-related risks and opportunities.
The company, headquartered and publicly listed in Japan, is a leading electronic components innovator and manufacturer globally, with a workforce of 77,000, R&D centres and manufacturing facilities in over 100 locations around the world, as well as a complex global supply chain network and client markets.
Impact / The Sustainable Change
PIE worked with the company closely through a methodical emissions accounting and target-setting process to develop its GHG emissions inventory and near-term and long-term science-based emissions reduction targets, which successfully achieved approval and validation by the SBTi. PIE also provided a customised emissions consolidation tool for the company to continue to track its Scope 1, 2 and 3 emissions and disclose annually its progress in driving emissions reduction.
The company's CDP Climate scores improved from Level B to global A-List and is recognised as Supplier Engagement Leader over a two-year climate journey together. It also integrated TCFD aligned disclosure, with qualitative and quantitative financial impact, in its annual financial report.
Insights from the climate scenario analysis and investor research, supported by a strategic internal engagement programme, inspired the company to refresh investment, R&D and business strategy to be in tune with opportunities brought by climate change.
PIE's services
• Greenhouse gas emissions accounting to set a baseline Scope 1, 2, 3 emissions inventory
• Setting science-based targets and managing validation process with SBTi
• Climate scenario analysis to assess and stress test physical risks and transition impacts brought by climate change
• Internal engagement to connect climate-related risks and opportunities to business priorities
• Investor research to provide the intelligence to equip the company to turn climate change into an advantage in engagement with investors
• Climate-related investor disclosure advisory: TCFD and CDP disclosure
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