Sage - Planetary Target setting and TNFD Support
"PAN's assistance in this project was invaluable, mapping Sage's complex operational impacts and risks across six continents, and assessing their materiality against multiple, interacting dimensions. .... condensing the results of this process down to useable metrics and recommendations.
These are now being used to inform TNFD reporting and to develop practical procedures to implement the revised Environmental Policy."
- Duncan Oswald, Climate Science Lead at Sage
Project overview
Sage Group (Sage) engaged the Planetary Accounting Network to support them to complete a nature-related risk assessment (according to TNFD guidelines, following the LEAP approach); i.e. to identify Sage’s nature-related impacts and dependencies, and to evaluate the associated physical, market, and regulatory risks to their business.
Sage is the United Kingdom’s biggest technology company on the FTSE, valued at more than £10 billion. It provides accounting, financial, HR and payroll technology for millions of small and mid-sized businesses globally.
APPROACH
PAN combined a location specific analysis of impacts and dependencies to identify geographically specific physical risks, with Planetary Accounting assessments and science-aligned targets to identify and quantify market and regulatory risks.
oUTCOMES
The outputs of this project will include:
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Impact and dependency maps highlighting geographical risks across Sage’s supply chain;
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Environmental footprint assessments with Planetary-Boundaries-aligned targets for material impacts (carbon, biodiversity, deforestation, water, air-quality, and waste);
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A risk and opportunities matrix highlighting nature-related physical, market, and regulatory risks to business;
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Clearly communicable environmental performance results;
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Recommendations for risk mitigations and environmental performance enhancement.
