
E.SUN's journey to net-zero using science-based targets | PwC
Working in partnership with PwC, E.SUN became the first bank in Taiwan and the third in the world to be validated by the UN-backed Science-Based Targets initiative.
As climate change poses an increasing threat across the global economy, organisations are tasked with developing and implementing tangible transformation-based action plans to reduce emissions and work toward net zero.
Some organisations have been taking incremental action and finding quick wins. But to achieve the world’s net zero ambition, business leaders need to think strategically and truly shift their business models and their value ecosystems upstream and downstream. And they’ll need to do so quickly, as the regulatory environment necessitates rapid change. This is where PwC can help—identifying your most effective climate actions and bringing together real-world objectivity, with the right tech and data insights.
Making real progress towards net zero goals is going to need business transformation. This will mean transforming operations, products and services, working within supply chains and navigating complex transparency requirements.
The 2015 Paris Agreement has set the benchmark for limiting global warming by 1.5 degrees Celsius (2.7 degrees Fahrenheit); the next challenge lies in picking a starting point and developing an action plan that delivers compound value and not just incremental results. Most companies are simultaneously pursuing revenue growth, which creates an inherent challenge in finding a holistic solution: How do companies derive benefits for the business while meeting the expectations of regulators and the demands of stakeholders?
The effort, for your company, begins with understanding your own carbon footprint, that of your operations, products and services and of your supply chain upstream and downstream. This opens the door to thinking about opportunities for circularity, energy solutions and options for transformation.
From the energy sector to manufacturing and more, PwC helps companies efficiently and cost-effectively navigate business transformation and pursue decarbonisation.
Working in partnership with PwC, E.SUN became the first bank in Taiwan and the third in the world to be validated by the UN-backed Science-Based Targets initiative.
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An assessment of existing net zero initiatives and capabilities to understand the implications of science-based targets for a company’s growth strategy and operating model. Also includes an assessment of the organisation’s emissions. Both are critical to effectively engaging stakeholders and for making the strategic case for action.
With our breadth of knowledge and diverse expertise across domains, from tax to legal and regulatory, to supply chain, to IT, we provide our clients with the comprehensive assessment that they need.
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Partner, Net Zero Transformation Leader, PwC United Kingdom
Tel: +44 (0)7715 704870
Asia Pacific Sustainability, Sustainable Supply Chains, Managing Director, PwC Hong Kong
Tel: +852 6331 6254
Gunther Dütsch
Sustainability Services & Climate Risk, Partner, PwC Germany
Tel: +49 (0)40 63780