The global economy is rapidly decarbonising - country by country, sector by sector, company by company. Businesses are increasingly expected to put in place actionable sustainability strategies by their key stakeholders, from customers, employees to shareholders.
If you are just embarking on the sustainability journey for your business, you can consider applying the following internationally accepted carbon mitigation hierarchy:
These are the steps that corporates can consider taking to reduce GHG emissions
The first step in any carbon mitigation strategy is to measure the amount of carbon that your company is emitting. Carbon emissions are broadly classified into Scope 1, 2 and 3 emissions:
Source: WRI/WBCSD Corporate Value Chain (Scope 3) Accounting and Reporting Standard
Direct greenhouse gas emissions from sources controlled or owned by an organisation (e.g. fuel combustion in boilers, furnaces, vehicles).
Indirect greenhouse gas emissions associated with the purchase of electricity, steam, heat, or cooling.
All other indirect greenhouse gas emissions arising from a company’s value chain (e.g. purchased goods and services, business travel, employee commuting).
The sustainability journey can be confusing and even daunting to some. But you don’t have to embark on it alone. Let us support you on the journey – from carbon profiling, to recommending suitable products that can help you reduce your carbon footprint.
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