Success in Action: How Customers Thrive with SINAI

First Sentier Group engaged SINAI to transition from spreadsheet-based carbon accounting to a comprehensive, auditable GHG accounting software, enabling the firm to streamline emissions auditing, enhance scope 3 tracking, and develop decarbonization strategies.

This collaboration empowered First Sentier Group to achieve their near-term renewable energy target of 80% renewable energy by 2025, strengthen audit readiness, and advance their efforts to drive sustainability.

SINAI collaborated with the Bank of Montreal (BMO) to a) conduct an analysis of decarbonization opportunities for iron and steel production in North America, and b) assess the technological and commercial viability for the sector to achieve net zero. As a part of BMO’s climate ambition, they are committed to being their clients’ lead partner in the transition to a net-zero world, by identifying opportunities for their portfolio companies to reduce emissions, and support sustainable financing and impact investing.

The steel industry is one of the three largest industrial emitters of carbon dioxide globally. BMO collaborated with SINAI to perform an analysis of the sector due to its importance in the global economy. The results of this work were published in BMO Financial Group’s 2022 Climate Report.

Evaluating Decarbonization Opportunities

BRK Ambiental had several emissions-related problems it was trying to solve for. To implement a decarbonization strategy that aligned with business objectives, the sustainability team needed to answer:

• Which Mitigation Projects have the best financial and environmental performance?
• Based on the budget, how many of the top-performing Mitigation Projects can be implemented?
• What is the emissions reduction target (total abatement potential) resulting from the implementation of the best performing Mitigation Projects, allowed by the defined budget?

To answer those questions, Mitigation Projects needed to be precisely researched and modeled by multiple teams. BRK needed to rally financial, environmental, engineering, sustainability, and other teams in order to gather the relevant data and information. Another hurdle - whenever data for a mitigation project changes, the total abatement potential and abatement cost models change. Thus, mitigation and adaptation models had to be dynamic, rather than static reports.

Without having a single source of information for the projects, or effective cross-department coordination, BRK was struggling to efficiently translate data modifications into strategy updates. Precise communication and collaboration between teams is key - and BRK knew they needed a solution to consolidate this communication and strategy.