Climate services

BDO:s ESG experts at work.

Climate services

Our climate services cover a comprehensive range of tools and solutions to help your business to move towards a more sustainable business and build trust among investors and financing providers. 

We offer the following services tailored to the individual client's needs:    

  • Net Zero or climate road maps and ESRS-aligned transition plans with emission reduction targets 
  • emissions accounting in accordance with the GHG Protocol 
  • product-specific carbon footprints or handprints 
  • climate scenarios and resilience analysis 
  • EU taxonomy strategy and monitoring systems.

Our specialised and experienced experts can implement a plan for your company to achieve its sustainability targets efficiently and impactfully.

Carbon footprint calculation is the foundation for a company's climate-related efforts. It identifies the greenhouse gas emissions of the organisation, product or service, as well as their most significant sources of emissions. Reliable emissions calculation supports decision-making, helps with the targeting of emission reduction measures and forms the foundation for transition plans, climate targets and sustainability reporting, for example. 

Other aspects of sustainability can also be examined in connection with emissions calculation. For instance, we can combine emissions calculation with analyses that support the development of value chains, the improvement of resource efficiency, material efficiency, or reducing the amount of waste. This way, emissions calculation serves not only as a reporting tool but also a tool for business development. 

In emissions calculation, we apply the GHG Protocol, which is the world's most widely used framework for calculating and reporting greenhouse gas emissions. The GHG Protocol also forms the foundation for CSRD-compliant sustainability reporting and emissions calculation in accordance with the VSME standard, for example. It provides a uniform approach to identifying, calculating and reporting emissions, and ensures the comparability of results between different years and organisations. 

The GHG Protocol divides emissions into three main categories: Scope 1, Scope 2 and Scope 3. Scope 1 covers the direct emissions arising from the organisation’s own operations, such as the use of fuels in its own vehicles or production facilities. Scope 2 includes indirect emissions from purchased energy, such as electricity, district heating, district cooling and steam production. Scope 3 covers other indirect emissions arising in the value chain, such as procurement, transport, business travel, investments and emissions from the use and end-of-life treatment of products. For many organisations, Scope 3 accounts for the most significant share of total emissions. 

We offer emissions calculation covering the entire organisation, as well as product-specific carbon footprint calculations. Our Excel-based tool for emissions calculation ensures that the calculation results are transparent, traceable and easy to verify. Greenhouse gas emissions can also be calculated for a specific project, investment, event or alternative future scenarios, for example. We also support your organisation in setting, monitoring and reporting emissions targets. In addition to emissions, we can also assess the carbon handprint, i.e. the positive climate impacts generated by the organisation. The carbon handprint describes, for example, how much an energy-efficient product, service or technological solution helps a client reduce their greenhouse gas emissions.

Climate scenarios help your company understand the impact on business activities of different trajectories of climate change. Scenarios can be used to identify key risks and opportunities and assess when and how they may have an impact on investments, costs and profitability, for example. 

We offer tailored scenario analysis that is based on recognised frameworks (including the TCFD and ESRS frameworks) and cover the entire value chain. In the analysis, we identify both physical and transition risks and opportunities, assess their likelihood and financial effects, and make them concrete from the perspective of your business operations.  

Scenario analysis serves as a foundation for resilience analysis, where the focus shifts from identification to decision-making. Resilience analysis helps to assess the extent to which your company's strategy and business model are resilient to different climate scenarios, and which measures best reduce the risks and improve competitiveness.  

The resilience plan sets out the concrete measures, including their timing and priorities, and assesses the cost-benefit ratio of the measures over different time horizons. The aim is to ensure that investments and other measures are justified across multiple different future scenarios, not just a single pathway.  

These services also support the planning of emission reduction measures and the transition plan, and complement the double materiality assessment. The outcome is that you will have a clear view of the impacts of climate change on your business activities and a practical plan that helps you to manage risks and leverage opportunities. A well-executed analysis does not remain a mere report, but instead serves as a tool that helps the management to make strategic decisions.

We offer companies comprehensive services covering both climate transition plans in accordance with the European Sustainability Reporting Standards (ESRS) and climate programmes that support net zero targets based on the Science Based Targets initiative (SBTi) framework. For the public sector, we prepare climate roadmaps and SECAP plans in accordance with the Covenant of Mayors for Climate and Energy initiative, as well as other regional climate programmes. 

It is important for a transition plan to be integrated into the organisation’s strategy and approved by the management. The aim of a transition plan is to describe a credible path towards net zero emissions in alignment with the goals of the Paris Agreement. An ESRS-aligned transition plan is based on the organisation’s greenhouse gas emissions (Scope 1, 2 and 3) and the emission reduction targets set for them, which must be in line with the goal of limiting global warming. 

A transition plan includes concrete measures, investments, responsibilities, resources and a timetable for achieving the targets. The work typically also includes reviewing climate scenarios and conducting a resilience analysis. These help to identify the organisation's most significant climate risks and opportunities and assess their impact on its business activities. A well-prepared transition plan helps the organisation to prepare for changing regulations, market transformation and customers' increasing sustainability expectations, as well as manage the physical risks caused by climate change. At the same time, it supports strategic decision-making, the allocation of investments and the strengthening of competitiveness in a low-carbon economy. 

Whether your goal is to meet CSRD requirements or build a comprehensive climate strategy, we help your organisation to identify the most impactful emission reduction measures, manage climate risks and create a credible path to net zero.

Sonja Miettinen

Sonja Miettinen

Manager, Sustainability Advisory Services
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