Businesses Explore Tools for Measuring Climate Benefits and Challenges
On Wednesday, March 19 members of the US Business Council for Sustainable Development’s network met for a special meeting designed to connect companies to tools and collaborators useful for their carbon reduction efforts.
Presentations were given by Pythias Analytics and EcoMetrics, which respectively address climate risk in the energy transition and full benefit accounting of nature-based initiatives. Attendees also heard how members of the Gulf Coast Carbon Collaborative have operationalized these tools in their climate strategies and are working together to accelerate regional decarbonization.
Don’t miss these meeting highlights:
At minute 3:57 Gavin Dillingham introduces Pythias Analytics’ capabilities for climate risk modeling and assessment.
At minute 23:30 Gavin joins attendees in a discussion over topics like how costing resilience is can be helpful when insuring projects and planning plant upgrades, their additional capability to recommend solutions and modifications in response to risk assessment results, and the interplay of policy and standardization of data, reporting, and modeling being used by industry.
At minute 38:15 Ed Pinero introduces EcoMetrics’ full benefit accounting system for nature-based solutions.
At minute 1:01:20 Ana Behr speaks on her experience operationalizing the EcoMetrics platform and leveraging “non-market values” to champion nature-based solutions internally at Dow Chemical.
At minute 1:11:40 attendees join speakers for a final discussion on how traditional “license to operate” and value creation initiatives have responded to further quantification, corporate attitudes towards non-market values and nature-based solutions and what it looks like to get started
Pythias Analytics is a data analytics platform developed by the Houston Advanced Research Center (HARC) to provide realistic, plausible scenario-neutral analysis and climate risk analytics for the energy sector to assist with investment and asset management decisions.
EcoMetrics is a comprehensive analytic and reporting methodology that assesses and forecasts internal and external impacts produced by natural capital and green infrastructure investments. It translates these impacts into monetary terms for third-party auditing and use in international public company reporting.
Led by the US Business Council for Sustainable Development, The Gulf Coast Carbon Collaborative is a cross-industry platform designed to mobilize the collective energy & motivation of businesses in the Gulf Coast to create measurable, long-term impact in reducing carbon emissions in the region while enhancing economic vitality.
