On behalf of RINA Consulting, CLA as subcontractor supports EBRD in implementing Corporate Climate Governance (CCG) Facility and Technical Assistance (“TA”) to BAE to develop and implement a climate risk action plan followed by a transition plan and specific activities therein (“the Assignment”). The Assignment is divided into two phases in order to provide comprehensive non-transactional and transactional (i.e. linked to a debt facility) TA support. Phase I will focus on climate risk practices. Phase II of the Assignment – tied to the Client’s legal commitment to develop and implement an institutional transition plan in an upcoming debt transaction – will then broaden the scope to the Client’s overall climate practices and support the Client in the development and implementation of such a transition plan.
· Conducted a diagnostic of BAE’sclimate-risk management practices using EBRD’s proprietary CCGassessment tool, followed by structured result discussions and mapping of BAE’sclimate transition pathways and priority risk areas.
· Developed a comprehensive ClimateRisk Action Plan, providing guidance onclimate-risk materiality across multiple scenarios and time horizons, carryingout a detailed data-gap assessment, and strengthening data governance andclimate-related data architecture.
· Performed portfolio-levelscreening and a multi-scenario climate-risk materiality assessment,quantifying physical and transition risks under NGFS-aligned pathways andacross short-, medium-, and long-term horizons.
· Produced an initialfinanced-emissions estimate for priority portfolio segmentsand used this baseline to inform decarbonization levers, strategic alignmentopportunities, and sectoral hotspots.
· Developed country-specificdecarbonization targets and portfolio-alignment pathways,grounded in scenario analysis and leading alignment methodologies, to guideBAE’s strategic positioning and sector engagement.
· Prepared BAE’s Climate TransitionPlan in line with EBRD’s PFI Paris-Alignment Principles, incorporatingdecarbonization pathways, scenario-based strategic actions, and measures toreduce climate-risk concentrations in the portfolio.
· Supportedthe preparation of an IFRS S2-compliant climate-related financial disclosure, includingscenario-analysis outcomes, governance structures, risk-management processes,metrics and targets, and integration of forward-looking climate-riskassessments.
