About Us

P2 Consulting was started by a group of award winning consultants who recognised the opportunity to build a global consultancy firm that had clients’ needs at its heart. We understand the challenges clients face – the pace of globalisation, technology change and increasing regulation – and the pressure they are under to respond to these changes rapidly and efficiently.

What We Do

We work on some of the largest transformation programmes in the corporate world and the public sector. Partnering closely with our clients, we help them deliver successful business change. Our reputation as a consultancy is built on excellence in portfolio and programme management, business architecture and design, testing and quality assurance and implementation.

Insights

Understanding the challenges that keep our clients awake at night is essential. In this section we demonstrate our expertise at solving your problems. We have deep insight into the business and technology issues facing all sectors.

Join Us

Are you looking to join a company where a challenge is welcomed, change is anticipated, and expertise is expected? Then have a look at our job listing and please get in touch.

Success Stories

We’ve worked with clients across a range of sectors and gained excellent results – but don’t just take our word for it. Have a browse through some of the work we’ve done.

Climate Change Programme

Our client, a tier one bank, subsequently announced a pledge to reduce its impact on climate change of its financing activity by at least 50% by 2030. It also pledged to double its funding and financing for climate and sustainable finance by 2022. A group-wide programme coordinated all climate change initiatives.

06.07.21
The Challenge

Managing climate related financial risk was introduced by the Prudential Regulatory Authority (PRA) in 2019. The regulation’s purpose is to ensure financial institutions are embedding climate change into all aspects of their financial and business decision making, introducing climate stress tests, a climate disclosure operating model and climate change considerations into risk frameworks.

 

Our Solution

P2 Consulting ran the mobilisation of this group-wide programme. We created a governance structure to ensure key decisions were made at the right forums, from working group level through to the bank’s executive committee, and followed these decisions through into design and execution.

We worked closely with business stakeholders and change teams to build a robust and realistic plan – to do this we pulled together all project level plans throughout the group-wide programme, consolidating them in one place.

To ensure the programme’s progress was being accurately measured and reported, P2 set up regular RAID and milestone management. We also set up an automated process to remove manual intervention and assure the quality and timely delivery of the programme.

P2 also produced a roadmap of the different regulatory milestones and put in controls to ensure that, as plans changed, particularly during the COVID-19 pandemic, PRA requirements were still achieved. We used an agile programme management office (PMO) structure, which meant using prioritisation techniques, daily huddles and Kanban boards. This helped us to maximise efficiency and rigour in terms of how the programme was controlled and managed.

Results we delivered
  • The bank became compliant with the PRA’s directive on managing climate related financial risk and could confidently demonstrate and track progress against each regulatory requirement.
  • Cost reduction through the automation of manual PMO activities, allowing the programme to ‘run lean’ and reduce its cost base.
  • The bank is now able to manage risks from climate change, setting a risk appetite that will future proof its exposure, from both an operational and a credit risk perspective.
  • The programme meant the bank could announce its ambitious emissions reduction targets, which improved its environmental reputation.
  • The programme now enables the bank to respond to its clients’ growing appetite for environmental, sustainability and governance (ESG) investing

Back to P2 Climate Change solution>>>


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