In a significant move towards advancing its mission towards being the easiest platform with which to decarbonise the Land, Nature, and Net Zero Economy, Terrascope is partnering with Ricardo PLC, a global leader in sustainability advisory services. This will make it easier for customers to initiate corporate decarbonization initiatives in alignment with international standards and frameworks, like the International Financial Reporting Standards (IFRS), the International Sustainability Standards Board (ISSB) standards, and the Task Force on Climate-related Financial Disclosures (TCFD) framework.
Combining Expertise for Comprehensive Climate Solutions
The partnership brings together Terrascope's cutting-edge carbon management technology and Ricardo's extensive sustainability advisory expertise. This combination will enable their customers to develop and execute climate transition plans with confidence, adhering to the International Financial Reporting Standards Sustainability Disclosure Standard 2 (IFRS S2), which focuses on climate-related disclosures.
Ricardo and Terrascope will offer an integrated approach to address the four core elements of IFRS S2:
- Governance: Ensuring proper oversight and management of climate-related issues within the organization.
- Strategy: Developing robust climate strategies aligned with business objectives.
- Risk Management: Identifying, assessing, and managing climate-related risks.
- Metrics and Targets: Establishing and tracking relevant climate-related metrics and targets.
"Greater accountability around climate will demand greater transparency in reporting, and reproducible audit trails, which our partnership with Ricardo will be well-placed to support companies with.” - Jochen Schloesser, Head of Growth, Terrascope.
Ricardo PLC’s documented expertise in bringing success to its customers fits seamlessly with Terrascope’s automated data ingestion, and technological capabilities. In this, Terrascope and Ricardo have already demonstrated their combined expertise by assisting various companies in modelling robust transition plans. Notable clients include a leading green hydrogen provider and other industry leaders.
Jochen Schloesser, Head of Growth at Terrascope stated: “The changing regulatory landscape demands much of our capabilities and platform. Our mission to be the easiest platform to decarbonise Land, Nature, and Net Zero has driven us to simplify the effort of regulatory compliance for our customers."
Your Partner in the Net-Zero Journey
Whether your organization is at the beginning of its sustainability journey or looking to develop a comprehensive transition plan, the Terrascope-Ricardo partnership is poised to provide tailored solutions for your carbon accounting needs. Its suite of services combined carbon management technology and sustainability advisory services can help businesses navigate the complex landscape of corporate decarbonization.
As the corporate world increasingly recognizes the urgency of climate action, this partnership represents a significant step forward in providing businesses with the tools and expertise needed to meet their sustainability goals and contribute to a low-carbon future.
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