This article is sponsored by Neste..
Setting corporate climate goals is a good press release, but it’s a difficult part to achieve. When companies are looking for an affordable way to carry out their climate change promises, it’s important to remember that the results will be as good as the tools and methods used to measure success. ..
To achieve climate goals, companies need to look at their entire emission life cycle, invest in both today’s and tomorrow’s solutions, and measure their carbon handprints along with their carbon footprint.
Use the correct measuring stick
The importance of lifecycle analysis is reflected in one simple truth. The climate doesn’t care where the emissions come from. This is a very important point to remember for companies that set climate goals, especially those that focus on transportation.
Focusing on what comes out of the tailpipe, we deliberately ignore the reality that emissions and pollution occur elsewhere.
Therefore, companies need to use lifecycle analysis to define climate goals. The good news is that much of the hard work in this area has already been done. California Low Carbon Fuel Standard (LCFS)Has prevented more than 50 million tonnes of carbon pollution from entering the atmosphere over the last decade and uses lifecycle analysis to determine the carbon strength of fuels.
LCFS provides a clear picture of how companies can reduce their carbon dioxide emissions by showing which fuels provide the best climatic benefits. Corporate sustainability teams can use this standard to draw similar pictures that focus on the internal operations of senior management.
Adopt various solutions
Press releases announcing investments in zero-emission large rigs, planes, and other large industrial vehicles could get media attention, but in reality, companies investing into the future are real. We may take action to achieve something that is meaningful, meaningful and lasting. Currently reducing greenhouse gas emissions and pollution.
It is imperative to combine the research and development of tomorrow’s solutions with the accelerated use of technologies that are known to be the work of today. For example, renewable liquid fuels instantly and sustainably reduce greenhouse gas emissions and pollution in vehicles that are already in use.
Without this balance, businesses will get a free pass to continue pollution today by promising future action. Earth and communities exposed to fossil fuel combustion pollution cannot wait 20 to 30 years for a complete zero-emission solution. Importantly, renewable fuels can be used to power vehicles to support future-proof fleets for a low-carbon future, reduce the risk of stranded assets, and maintain value.
A good corporate culture goal is to avoid the pitfall of putting all your eggs in one basket. Many solutions need to be used to achieve these climate goals.
Set positive climate goals
For most companies, climate change efforts tend to focus on reducing carbon dioxide emissions. Companies are accountable for accurately measuring what they control. Companies can identify the largest sources of greenhouse gas emissions throughout the value chain and work to stop or reduce those emissions.
This is important, but too narrow. What about emissions from the company’s products or services used by customers?
Carbon handprints are a new customer-centric tool for setting climate goals. It measures the climatic and environmental impacts your customers have with your company’s products and services. For example, the goal of a bold carbon bill is to reduce customers’ greenhouse gas emissions by 20 million tonnes annually by 2030. The larger the bill, the better the climate.
Companies measuring carbon handprints are evolving their business models and product offerings. For example, a company that supplies renewable diesel instead of fossil diesel will see an increase in carbon bills as customers’ carbon dioxide emissions decrease. Renewable diesel, when used in its purest form, does not emit new greenhouse gases from its tailpipes, significantly reducing pollution.
Including carbon handprints in a company’s climate goals is an effort to redefine value. This shows that companies are focused on providing products and services designed to create a healthier planet for future generations.
The fight against climate change requires all solutions, big and small. Efforts to tackle climate change are great, but the benefits come only if the company defines and achieves them using the right tools and methodologies.
You have set a bold climate goal, so what is it now?
https://www.greenbiz.com/article/youve-set-bold-climate-goal-so-now-what You have set a bold climate goal, so what is it now?