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PRINCIPLE 2 – ADVISED EMISSIONS

Quantitative Methodology

A work in progress, this working group is focusing on researching a methodology to measure the advised emissions when onboarding clients. Please check back for updates.

In addition to looking at methodologies that we could potentially adapt, such as GFANZ, this group is talking to academics about commissioning a piece of research.

Methodology to include considerations such as:

  • Scenario modelling to help estimate emissions for particular sectors (assumptions)
  • Type and source of emissions relating to advice
  • Length of advice
  • Location of advice
  • Environmental impact assessment of advice
  • KPIs
  • Approach to data conversion
  • Tools to introduce methodology e.g. client engagement

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The impacts of climate change are of real relevance and consequence to law firms, their clients and people. It is a material issue for clients and there is already growing demand across private practice for law firms to clearly communicate a clear roadmap to Net-Zero.

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