MCC Economics & Finance (MCC) is committed to fostering a sustainable and prosperous future for our environment, people, and economy. We aim to advance climate action for a net-zero emissions future by integrating sustainable practices into our business operations and fostering a culture of environmental responsibility.
Transparency and Accountability
1. Net Zero Plan:
We are currently developing a roadmap with milestones. Our team will conduct regular meetings to review progress and adjust strategies. As a small organization, we will support this cause within our limitations however possible.
2. Independent Verification:
We will ensure that emissions data and sustainability practices are independently verified to maintain transparency and accountability.
Emission Reduction Initiatives
1. Operational Efficiency:
In 2023, we introduced more remote work options, reducing office energy consumption by 30%. By 2025, we aim to implement smart energy management technologies such as LED lighting, HVAC systems, inverters, efficient cooling systems.
2. Travel and Procurement:
In 2023, we reduced travel emissions by 50% through remote work policies. Starting 2025, we plan to provide subsidies for public transportation passes and source 75% of goods and services sustainably.
Sustainable Practices for our Clients and Employees
1. Low-carbon Solutions for our Clients:
We aim to provide financial and advisory services as part of our strategy that help clients reduce their carbon footprint.
2. Employee Engagement:
We will conduct bi-annual training sessions on sustainable practices at home and work for all employees starting Q2 2025.
Community and Public Engagement
1. Public-Private Partnerships (PPP):
By Q3 2024, we tackled 3 PPPs aimed at promoting energy efficiency and plan to take on more projects with the help of our PPP experts by 2025.
2. Public Awareness:
By Q3 2025, we will host atleast 5 webinars on climate economics for clients and stakeholders and publish articles on the economic impacts of climate change. Starting 2025, we plan to partner with universities, NGOs and industry leaders to publish research papers on climate adaptation strategies and policy advocacy papers annually starting 2026.
Climate Impact Assessment
1. Consistent Risk Assessments:
We will estimate the financial impact of identified vulnerabilities on business operations and supply chains using scenario analysis to understand potential losses under different climate conditions.
2. Measurement Tools:
We are hoping to leverage proprietary tools (e.g., Climate Impact AI) for detailed climate data analysis and partner with leading climate-data providers to obtain granular, location-based climate information from 2025 onwards.
Innovative Solutions and Investments
1. Shared Mission:
We also participate in policy advocacy to support favourable regulations and in global climate change conferences like COP29.
MCC Economics & Finance is committed to leading by example in the transition to a sustainable, low-carbon future. Our climate emergency response plan reflects our dedication to environmental stewardship, social equity, and economic resilience. By working together with our employees, clients, and communities, we aim to make a meaningful contribution to climate goals and inspire others to join us in this critical endeavour because climate change is OUR business.