ENERGY TRANSACTION ADVISORY 

Building a Global Framework for Scope 2 Emissions Reduction

Helping a multinational HVAC manufacturer create and execute a structured approach for renewable energy procurement and decarbonization across global operations.

200+

Sites evaluated globally

12+

Countries included in assessment activities

3+

On-site renewable systems implemented

Industry

HVAC 

Countries

USA, UK, APAC 

Focus

Energy Transaction Advisory 

Client Type

Multinational HVAC Manufacturer

Global decarbonization goals create operational complexity

Organizations pursuing large-scale Scope 2 reductions often face challenges extending beyond renewable procurement itself. 

Global operating footprints create layers of complexity across energy markets, facility profiles, regulatory environments, and implementation pathways. 

As the number of sites and geographies increases, identifying scalable approaches becomes increasingly difficult. 

Success depends on building a framework capable of translating broad sustainability objectives into local execution strategies. 

The challenge

A multinational HVAC manufacturer sought support in developing a comprehensive Scope 2 decarbonization framework capable of supporting long-term sustainability objectives. 

The engagement required evaluating renewable procurement opportunities and on-site energy pathways across a broad portfolio of facilities and operating regions. 

The scale of the challenge introduced additional complexity. 

More than two hundred sites across multiple geographies required assessment, prioritization, and pathway development. 

The organization needed a structure capable of identifying practical opportunities while maintaining consistency across regions.

Key considerations:

  • 200+ site portfolio 

  • Multi-country operating environment 

  • Scope 2 reduction requirements 

  • Global prioritization framework 

  • On-site and off-site procurement pathways 

  • Regional market variability 

Polar's approach

Polar developed a structured engagement designed to establish priorities and create a practical roadmap for long-term decarbonization activities. 

The work combined global planning with region-specific execution strategies across North America, Europe, and APAC. 

Rather than applying a single procurement model across every region, the approach focused on identifying pathways best aligned with local realities and site-specific characteristics. 

From workshops to implementation pathways

Renewable Energy Workshops became a central component of the engagement. 

These sessions established alignment across teams while helping define global priorities and identify actionable opportunities. 

Multiple pathways were evaluated across operating regions, including: 

  • Renewable Energy PPA placement 
  • On-site solar opportunity analysis 
  • On-site renewable deployment pathways 
  • Regional procurement structures 

The result created a more comprehensive understanding of both strategic opportunities and implementation realities. 

Five-stage decarbonization process

Key elements of the solution:

  • Global Scope 2 framework development 

  • Portfolio assessment across 200+ facilities

  • Renewable Energy Workshop facilitation 

  • Multi-region procurement evaluation 

  • Renewable Energy PPA placement support 

  • On-site solar assessment and deployment planning 

Results

200+

Sites evaluated

Created visibility across a large global operating footprint. 

12+

Countries included in decarbonization activities

Supported a broader understanding of regional opportunities. 

3+

On-site renewable systems implemented

Moved strategic planning into operational deployment. 

The engagement created a structured pathway capable of supporting long-term emissions reduction activities across global operations. 

Outcomes achieved:

  • Established a global Scope 2 prioritization framework 

  • Evaluated opportunities across a large facility portfolio 

  • Improved visibility into regional renewable pathways 

  • Connected strategic objectives with implementation opportunities 

  • Supported renewable deployment activities 

  • Created scalable approaches across operating regions 

Creating consistency across complex global environments

Large-scale decarbonization initiatives often require balancing centralized goals with regional realities. 

As organizations expand sustainability activities across markets and facilities, implementation structures become increasingly important.

Key takeaway:

Scope 2 reduction strategies rarely succeed through isolated projects alone. 

Long-term progress depends on creating repeatable frameworks capable of supporting hundreds of decisions across multiple facilities, regions, and procurement environments. 

Decarbonization becomes more scalable when strategy and implementation evolve together. 

Evaluating renewable pathways across a global footprint?

Connect with our team to explore approaches designed for portfolio-wide decarbonization planning and implementation. 

Alvaro E. Pereira

Head of Advisory

Alvaro is an energy economist with over 25 years of experience in economic, technical, and policy analysis with expertise in renewable energy, decarbonization, and energy markets. Prior to joining Polar, Alvaro led Enel X’s global net zero consulting team, responsible for delivery of SBTI-target setting and decarbonization services to several Fortune 500 customers and their value chains.  He has reviewed and supported 1000s of MWs of generation projects and power and certificate purchase agreements from multiple renewable energy types including solar, wind (onshore and offshore), hydro, biomass, and geothermal. 

He joined Enel X from Daymark Energy Advisors, where he worked in a variety of areas including energy procurement, renewable energy project analysis and pro forma development, regulated rates and cost analysis, and analyses of energy and capacity market rules, prices, and performance.  

Prior to Daymark, he was with the Massachusetts Department of Energy Resources and led the analytics group responsible for economic and technical analyses of energy policies, programs, and regulatory filings, including development of the statewide regulations for renewable portfolio standards, energy efficiency programs, and the RGGI carbon market.   He also served on the state’s energy procurement committee alongside representatives from the state’s facilities’ office, the Attorney General’s Office, and other agencies. 

Dr. Pereira is an experienced expert witness in regulatory proceedings involving energy markets, utility regulation and regulated rates, and renewable energy costs and benefits. He also has expertise in rate design and analysis, demand resources, and economic-impact modelling and forecasting.  He holds a Masters in Transportation and Ph.D. in Regional and Urban Economics from Massachusetts Institute of Technology.