Chemours – Bridget Kelly – 2021

Goals

Chemours operates manufacturing sites in eight countries which fall under a growing number of regulatory and carbon pricing schemes. Chemours hired Bridget to develop systems to support compliance with existing requirements and anticipate emerging regulations and voluntary reporting schemes.

Solutions

• Identified active and emerging carbon pricing schemes in Chemours areas of operations; developed a database including details on scope 1 and 2 emissions covered; anticipated compliance costs, allowances, and timeline for any planned revisions (including annual cap reduction and benchmark adjustments for ETS).
• Developed country and site-specific footprint cost estimates based on business as usual and a more ambitious (1.5 degree) climate policy scenario.
• Summarized relevant climate policy trends, including expected timeline, risk exposure, and details on projected costs and examples of peer response.
• Recommended updates to internal carbon pricing plans.

Potential Impact

Bridget’s analysis provides a foundation for stronger TCFD compliance and will feed into global advocacy work and climate strategy. The site-specific cost scenarios will support stronger business cases for renewable investments and inform strategies for reaching GHG reduction goals on a site, country, and company level. The carbon pricing and climate policy trends will be the foundational analysis for a larger transition risk assessment project in 2022.