.svg)
Customer Stories
How INSEAD financially models its carbon action plan to reduce its Scope 3
15kt CO2e
GHG emissions for the 2021-22 academic year across all emission categories.
-67%
INSEAD's commitment to reduce its Scope 1 & 2 emissions by 2035.
4
Training sites across 4 continents in Fontainebleau, Singapore, Abu Dhabi, and San Francisco.
the company
Educating responsible leaders
Founded in 1957, the European Institute of Business Administration - INSEAD, is an internationally recognized private business and management school. Its MBA program is considered one of the best in the world. In 2022, through its various training programs across its campuses in Fontainebleau, Singapore, Abu Dhabi, and San Francisco, the school trained over 23,000 students.
With a community of over 67,000 alumni from over 180 countries and having educated over 230,000 executives since the late 1960s, INSEAD has always aimed to educate responsible leaders who transform businesses and society.
With a community of over 67,000 alumni from over 180 countries and having educated over 230,000 executives since the late 1960s, INSEAD has always aimed to educate responsible leaders who transform businesses and society.
Context
Paving the way for decarbonization in higher education
For many years, INSEAD has integrated sustainability and the low-carbon economic transition into its teaching programs, research work, and publications as well as in raising awareness among its stakeholders and ecosystem.
Committed to practicing what it preaches, the school committed in 2022 to reduce its Scope 1 & 2 emissions by 67% by 2035, compared to the 2019 baseline. It has also identified and quantified a set of reduction actions that are expected to achieve these objectives.
Committed to practicing what it preaches, the school committed in 2022 to reduce its Scope 1 & 2 emissions by 67% by 2035, compared to the 2019 baseline. It has also identified and quantified a set of reduction actions that are expected to achieve these objectives.
%201.webp)
However, the majority of the school's carbon footprint, like that of many businesses, lies in its indirect emissions, i.e., its Scope 3.
Aware of the business, reputational, and regulatory challenges involved in transitioning all its emissions, INSEAD sought to amplify its efforts and raise its ambitions by applying to its Scope 3 the rigorous process that led to the commitments made for Scopes 1 & 2.
During this process for Scopes 1 & 2, for operational decarbonization opportunities.
Therefore, INSEAD sought support and a powerful tool to answer the following question:
Aware of the business, reputational, and regulatory challenges involved in transitioning all its emissions, INSEAD sought to amplify its efforts and raise its ambitions by applying to its Scope 3 the rigorous process that led to the commitments made for Scopes 1 & 2.
During this process for Scopes 1 & 2, for operational decarbonization opportunities.
Therefore, INSEAD sought support and a powerful tool to answer the following question:
TENNAXIA Expertise
Reconciling financial and carbon data
INSEAD chose Tennaxia to support it in measuring and analyzing its carbon footprint across all emission scopes, as well as in modeling and managing a catalog of decarbonization actions.
To obtain a precise Scope 3 measurement, Tennaxia worked with the INSEAD teams to ensure comprehensive consideration of emission sources and their carbon accounting. In addition to emissions traditionally associated with Scope 3, specific items were thoroughly studied and refined through tailor-made surveys of stakeholders.
To identify the best decarbonization opportunities available and prioritize its action plan based on concrete and precise data, the school wanted to precisely model each emissions reduction action, both in terms of its carbon impact and its financial impact.
To obtain a precise Scope 3 measurement, Tennaxia worked with the INSEAD teams to ensure comprehensive consideration of emission sources and their carbon accounting. In addition to emissions traditionally associated with Scope 3, specific items were thoroughly studied and refined through tailor-made surveys of stakeholders.
To identify the best decarbonization opportunities available and prioritize its action plan based on concrete and precise data, the school wanted to precisely model each emissions reduction action, both in terms of its carbon impact and its financial impact.
The support, carbon management platform, and methodological expertise provided by Tennaxia notably enabled INSEAD to:
to organize efficient data collection for all sites and activities impacting Scopes 1, 2, and 3.
to refine its Scope 3 by engaging all stakeholders through dedicated questionnaires.
to thoroughly analyze its various indirect emission sources to identify its decarbonization levers.
to define 10 key strategic priorities to accelerate the decarbonization of the school's activities.
to model the impact of emissions reduction actions aligned with these strategic priorities.
to obtain a forecast of the potential costs and savings of each action, including the business implications of an offer change.
The results
Accelerating decision-making on Scope 3 decarbonization
Indirect emissions account for 80% of INSEAD's carbon footprint for the 2021-2022 academic year. INSEAD's main emission categories are the purchase of goods and services, as well as transport, particularly related to faculty travel between different campuses.
Among the decarbonization actions identified and modeled in Tennaxia are, therefore, avenues for reducing the need for long-distance travel: Adapting the duration and intensity of training programs, localizing certain key skills within the faculty, or recruiting local coaches.
INSEAD's Scope 3 project steering team identified and evaluated 23 potential emission reduction levers. These levers are analyzed in terms of ease of deployment, risk to INSEAD's business model, and impact on Scope 3 carbon emission reduction.
Among the decarbonization actions identified and modeled in Tennaxia are, therefore, avenues for reducing the need for long-distance travel: Adapting the duration and intensity of training programs, localizing certain key skills within the faculty, or recruiting local coaches.
INSEAD's Scope 3 project steering team identified and evaluated 23 potential emission reduction levers. These levers are analyzed in terms of ease of deployment, risk to INSEAD's business model, and impact on Scope 3 carbon emission reduction.
The refined Scope 3 carbon measurement and financial modeling of reduction actions have enabled INSEAD to involve and engage key stakeholders to accelerate action (e.g., Finance Managers, Procurement Managers) by basing their discussions on tangible data and analyses that compare decarbonization, financing, and business impact.
Financial modeling using a MAC Curve has notably helped to facilitate the prioritization of Scope 3 decarbonization actions.
Financial modeling using a MAC Curve has notably helped to facilitate the prioritization of Scope 3 decarbonization actions.
Addressing the school's Scope 3 emissions in depth will require further analysis. However, there are levers with immediate experimentation opportunities that INSEAD will quickly deploy. INSEAD also has the opportunity to conduct research, educate, and support new businesses aimed at solving climate change-related problems.
Across all sectors, it is essential that we prioritize the reduction of GHG emissions within our organizations and adopt a transparent approach to reporting them.
With the help of Tennaxia, INSEAD has attained great results in measuring its GHG emissions and identifying potential levers, and it is imperative that we keep up the pace."
Maria Fedorova
Climate Initiatives Manager
Climate Initiatives Manager
”
Request information,
Schedule a demo,
Book an appointment
If you would like to send us a request for proposal, please email us at: rfp@tennaxia.com