Low-Carbon Transition Plan
Shortlisted for Net Zero Accelerator Award
Antea Group’s Low-carbon Transition Plan (LCTP) service offering developed out of an increased need for companies to establish well-documented approaches to achieving their decarbonization goals. Public emissions goals have become table stakes in many industries, and public and scientific scrutiny of goals made without any tangible commitment or strategy to achieve those goals has exposed many organizations to public backlash. Our LCTP service enables our clients to establish actionable roadmaps of decarbonization investment with quantifiable economics, gain leadership buy-in on decarbonization, and publicly disclose decarbonization actions that will enable the organization to achieve Greenhouse Gas (GHG) targets.
Over the past year, demand for GHG management consulting has skyrocketed. Organizations are facing increasing shareholder and stakeholder pressure to combat climate change and reduce their organizational GHG footprint. Antea Group has responded to this change in demand and with a future-ready suite of GHG management offerings that have proven to be profitable and market-leading. Our existing services (including GHG accounting and science-based target setting) are highly sought-after, and our LCTP offering has positioned us ahead of our peers due to several key factors:
Our LCTP solution analyzes tactics that are tailored to each specific company and address the material sources of emissions.
Our LCTP solution includes asset level analyses of a company’s operations and the tactics a company can employ to decarbonize these assets.
Our LCTP solution analyzes the economic impacts of the tactics in addition to the GHG impacts, so that a company can understand the capital expenditure and return on investment that can be expected.
Our approach is favored by companies across many industries because a robust LCTP can enable their organization to achieve a step change in their decarbonization journey, force leadership to face the economics of achieving their publicly stated GHG goals and protect their organization from public scrutiny. The core components of our LCTP offering include:
Identification of Opportunities: Our team leverages our expertise to identify practical opportunities to decarbonize using commercially viable technologies. To accomplish this, we use the client’s baseline GHG inventory matching their key emissions sources with potential mitigation solutions.
Tactical Analyses: Once potential decarbonization initiatives are identified, our team utilizes an Excel workbook to analyze the decarbonization strategies. Each opportunity is evaluated for the potential GHG reduction and layered into an investment glidepath. Certain solutions should be prioritized early in the plan (e.g., solar in the USA to take advantage of expiring rebates) while others should be deployed later (e.g., electrification of class 8 electric trucks because technology is not yet widely commercialized). This provides the foundation for the decarbonization investment schedule from baseline year to the target year.
Economic Analyses: Finally, each tactic is evaluated from a financial perspective with investment costs and annual savings calculations. Certain opportunities may not have an investment cost (such as RECs/GoOs) or may have operational costs (such as heat pumps). This economic data can be used to determine the required CAPEX, changes in OPEX, and overall investment ROI to achieve the target. This can be overlaid on the GHG glidepath to show the client both the GHG and economic impacts of their plan (see example figure below).
Once the analysis workbook is completed with the client’s data and chosen strategies, we typically create two final deliverables. The first is the detailed report, which consolidates all GHG information that the client has to date, primarily including baseline GHG data, organizational GHG targets, peer benchmarking, and key drivers for conducting the LCTP work, along with the results of the LCTP. Below is a table of contents of a typical LCTP report and an example summary table of a decarbonization opportunity with key benefits and risks.
The second deliverable is a presentation that summarizes the findings and key portions of the LCTP report. This presentation is often used to communicate a clear GHG roadmap to company leadership, focusing on the following elements:
The specific tactics the company should invest in to achieve their GHG targets.
The investment cost of implementing the recommended GHG reduction tactics.
The sequencing of investments to ensure that the company can optimize investments between the present and the target year.
Some examples are provided below:
Antea Group’s clients have found tremendous value in detailed, asset-level GHG analysis with accompanying economic analysis. We feel that this solution fills a gap in the market where many consultancies can provide GHG inventories and target setting but lack the engineering capabilities to assist companies in creating an actionable plan that incorporates the economic impact of investments on the business. Antea Group maintains expert capabilities both in GHG management and facility optimization so that we can support clients beyond GHG inventories and target setting. We provide support in identifying viable technologies to address material emissions throughout our client’s operations and calculate the impacts on their business so that they can get leadership buy in, secure the necessary capital, and truly move towards a net zero future.