In the last three years, investment management companies have taken a keen interest in companies that are implementing sustainability initiatives. Executives feel pressure from investors around incorporating carbon management into their company’s business strategy, calculating greenhouse gas emissions and reporting to disclosure frameworks like CDP.
For a Fortune 500 auto parts retailer with over 5,000 stores in North America, investor pressure was the main driver to start their sustainability transformation. But with a limited number of resources and a lack of experience in this space the auto parts retailer was looking for a partner that could help them start the carbon management and reporting process. They turned to ENGIE Impact as their partner of choice.
As a result of this partnership, the auto parts retailer considered ENGIE Impact’s carbon experts members of their internal team and leaned on their expertise throughout the entire process. They were looking for end to end guidance on carbon accounting, analysis and disclosure. Working closely with their teams, ENGIE Impact provided the auto parts retailer the following:
Prior to managing and reporting their carbon emissions, the auto parts retailer only had year over year reduction goals but no long-term goal or long-term strategy. The greenhouse gas inventory enabled them to start thinking in ways that are long-term to create strategies to accelerate carbon reduction within their company. Momentum grew as they saw good progress from implementing initiatives like an LED light retrofit across all their stores. Now, they are no longer just reporting and calculating emissions due to the investor pressure, but are investing in more sophisticated carbon reduction initiatives and are considered to be an industry leader.
Since partnering with ENGIE Impact’s carbon experts, the auto parts retailer has seen numerous results, including the development of a long-term decarbonization strategy that includes a renewable energy strategy, climate related risk assessment and TCFD (Task Force on Climate-Related Financial Disclosures) reporting, as well as the highlights below.
success rate with verifiers
CDP Score, up from a B in the prior year of reporting
internal sustainability initiative engagement
With sustainability built into the auto parts retailer’s culture and business strategy, the future looks bright as they invest in more initiatives and become more ambitious in their target setting.
Let's work together to decarbonize your organization.