How to
achieve net-zero

Your organization is committed to net-zero carbon emissions by 2050, how will you get there? The scale of the challenge is immense, requiring end-to-end transformation for many businesses. Getting to net-zero is a journey. Turning your climate change promise into an advantage and opportunity – not a cost – means tackling complex and difficult decisions. We believe adopting a phased approach to your climate change journey will help you achieve your ambitions.

Choose where you want to start your journey

When it comes to climate action, we know progress differs between organizations – each with their unique capabilities and needs.

Deloitte breaks down the net-zero journey into five stages. The output from the foundational stages (Measure and Analyze) is a tailored roadmap detailing each stage of your organization’s journey to net-zero.

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Stage 1: Measure

How are expectations and requirements changing?

Establish vision and governance and determine baseline emissions.

  • Visioning and direction setting
  • Net carbon footprint
  • GHG valuation and accounting
  • Disclosure gap assessment
  • TCFD readiness & benchmarking
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Stage 2: Analyze

How may these changes affect my business?

Set targets and develop decarbonization roadmap and strategy.

  • Corporate strategy
  • Decarbonization modelling and solutions
  • Scenario planning and options analysis
  • Renewables/Clean tech strategy (incl. M&A)
  • Carbon pricing strategy
  • ESG measurement framework development
  • Disclosure strategy
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Stage 3: Transform

What are the options for protecting and creating value?

Develop decarbonization portfolio and pilot projects.

  • Operating model design R&D and pilots
  • Transformation program design
  • Financial planning and capital allocation
  • M&A execution
  • Tax & incentives planning

The more advanced stages of your journey (Transform, Scale and Sustain) concentrate on activating solutions that protect and create value over the long-term.

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Stage 4: Scale

What capabilities are required to navigate this transition?

Scale net zero operations and develop KPIs.

  • Capital deployment
  • Analytics and performance management
  • Decarbonization transformation execution
  • Restructuring
  • Green supply chain & procurement

A roadmap is only realized by an organization’s capability to implement and execute on its vision successfully, either using in-house technical know-how or working the external partners with the necessary resources and expertise.

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Stage 5: Sustain

How do we optimize and maintain a competitive advantage?

Optimization portfolio and monitor signals and signposts.

  • Management and board governance
  • Capital efficiency
  • Ongoing review of taxes and incentives
  • Operational monitoring
  • Ongoing assurance and reporting
measure-img

Stage 1: Measure

How are expectations and requirements changing?

Establish vision and governance and determine baseline emissions.

  • Visioning and direction setting
  • Net carbon footprint
  • GHG valuation and accounting
  • Disclosure gap assessment
  • TCFD readiness & benchmarking
measure-img

Stage 2: Analyze

How may these changes affect my business?

Set targets and develop decarbonization roadmap and strategy.

  • Corporate strategy
  • Decarbonization modelling and solutions
  • Scenario planning and options analysis
  • Renewables/Clean tech strategy (incl. M&A)
  • Carbon pricing strategy
  • ESG measurement framework development
  • Disclosure strategy
measure-img

Stage 3: Transform

Develop decarbonization portfolio and pilot projects.

  • Operating model design R&D and pilots
  • Transformation program design
  • Financial planning and capital allocation
  • M&A execution
  • Tax & incentives planning
measure-img

Stage 4: Scale

What capabilities are required to navigate this transition?

Scale net zero operations and develop KPIs.

  • Capital deployment
  • Analytics and performance management
  • Decarbonization transformation execution
  • Restructuring
  • Green supply chain & procurement
measure-img

Stage 5: Sustain

How do we optimize and maintain a competitive advantage?

Optimization portfolio and monitor signals and signposts.

  • Management and board governance
  • Capital efficiency
  • Ongoing review of taxes and incentives
  • Operational monitoring
  • Ongoing assurance and reporting

Accelerate your net-zero journey

Whatever stage you’ve reached on your net-zero journey, our Greenhouse Labs can help solve your toughest challenges and identify the most effective next steps for your leadership team.

Whether participating in-person or virtually, our Labs’ proven methodology triggers innovative thinking with a bias towards action.

We work alongside your team to tailor our Labs to your organization unique capabilities and needs.

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Climate kick-off

A foundational Lab for organizations just starting their climate action journey. Designed to be a catalyst for change and inspire your leaders to see new possibilities.

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Charting our path

A lab for businesses that have identified a high-level climate vision but have not developed a detailed roadmap with defined actions and priorities.

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Sustainability by design

A lab for organizations with net-zero embedded into their core business but anticipate challenges or want to reveal new business opportunities on their climate leadership journey.

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Empower your leader

A lab for the new Chief Sustainable Officer, or leader taking on a sustainability mandate within their portfolio. This lab focuses on the three most important resources a CSO must manage: time, talent and stakeholder relationship.

Contact

Henry Stoch

Canada Climate & Sustainability Leader

hstoch@deloitte.ca

604-640-3393

Jürgen Beier

National Leader, Energy & Resources

jbeier@deloitte.ca

416-874-3146

Jennifer Lee

Managing Partner, IVPs

jenniferlee@deloitte.ca

416-874-3344

Sean Delsnider

Centre for Climate Action Lead

sdelsnider@deloitte.ca

416-676-3283