CASE STUDIES
What?
How?
Client Value?
Volvo had established climate-neutral and circularity ambitions for 2040 and sought to complement these with a biodiversity ambition aligned with Science-Based Targets for Nature (SBTN). TBC conducted an LCA-based biodiversity footprint assessment across Volvo’s value chain to identify key drivers of nature impacts. These insights informed the co-development of SBTN-aligned targets, an overarching biodiversity strategy, and a performance measurement to track progress. TBC also supported the development of public communication materials and early steps towards TNFD readiness through a multi-year, phased engagement. As a global technology group expanding from a regional to a global footprint, e& sought to build on its sustainability progress and develop a credible transition plan that went beyond carbon and could be applied across rapidly developing markets. Carbon Trust and TBC worked together to co-design e&’s Climate Transition Plan, supported by workshops, decarbonisation modelling, and financial analysis of decarbonisation levers (led by Carbon Trust). TBC facilitated an ambition-setting workshop to help define appropriate levels of ambition for circularity and nature and conducted a biodiversity and water risk screening across 61,000 operational sites in six major markets to identify priority risks. As a global chemicals manufacturer, the client sought to develop a nature positive approach by comprehensively assessing their nature impacts, dependencies, risks and opportunities, establishing clear baselines and targets to inform a coherent nature strategy. TBC conducted a biodiversity materiality assessment and site-level biodiversity screenings for a selection of priority manufacturing sites. The findings were complemented by strategic advice on the client’s emerging nature strategy and CDP reporting, with recommended KPIs for integrating biodiversity in the client’s environmental management system. Since 2022, TBC has continued to provide targeted guidance to support wider integration of biodiversity across the business.
The assessment gave Volvo a robust, science-based understanding of biodiversity impacts across its value chain, enabling the company to commit to avoiding and reducing impacts on nature in line with science-based targets and to set a long-term ambition of delivering an overall positive impact on nature by 2040. The results now guide the development of IPBES pressure targets and vehicle-specific biodiversity targets, inform Volvo’s approach to TNFD disclosure, and support internal decision-making by strengthening the business case for biodiversity action and the design of a corporate approach to restoration. The engagement enabled the successful publication of e&’s Climate Transition Plan in 2024, including the launch of public commitments on water and No Net Loss of biodiversity. The biodiversity and water risk screening provided e& with a clear view of priority risks across its operational portfolio in key markets and a roadmap to inform next steps on climate, circularity, and nature as the group continues to scale globally.
Supported the development of science-based biodiversity ambition, strategy, and targets aligned with SBTN
Activation
Transition
Supported the development of an integrated transition plan across climate, circularity, and nature
Activation
Transition
The client has advanced their approach to assessing nature-related impacts, risks, and dependencies across their direct operations and supply chain, with guidance for on-site assessment and monitoring of biodiversity outcomes. TBC is continuing to support the client in further strengthening cross-functional integration of biodiversity across their business (e.g. risk, procurement, supplier engagement), while also preparing for alignment with regulatory and voluntary standards (e.g. TNFD, CSRD).
A confidential global chemicals manufacturer
Assessment and strategic advisory support in developing an approach to biodiversity management
Activation
Transition
Integration
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