Post by account_disabled on Mar 10, 2024 4:23:47 GMT -5
Companies often moves to their supply chain, the place where many corporate sustainability teams spend much of their time today. The most ambitious plans (at least right now) are those that look for ways to allow reductions for others on top of all that.
In a world where we know some companies will not be able to reach net zero, it is absolutely imperative that others who can achieve it go further.
Charlotte Bande, climate strategy leader for sustainability consulting firm Quantis.
Bande said Absolute Zero (a concept the company is socializing with its customers) is the long-term roadmap toward which companies must navigate: it encourages companies to maximize their individual contributions toward the vision of achieving net-zero emissions by 2050. .
"Absolute sustainability is about France Mobile Number List ensuring that society operates within planetary boundaries while meeting human needs ," Bande said. That should include strategies that address biodiversity, land use, freshwater consumption, the phosphorus cycle and the nitrogen cycle, he said.
How could you apply Absolute Zero to your own strategy?
Over the next 10 years, a period that the United Nations Global Compact has called the “Decade of Action,” companies must focus much more on mitigating their impact not only within their own corporate boundaries but within their entire supply chain. value, including suppliers and customers, according to GreenBiz .
“That means paying much more attention to issues related to sustainable development, such as child labor policies, community water abuses or gender equity issues,” said Owen Hewlett, technical director at Gold Standard, a Swiss NGO that issues carbon credits.
We very much see that climate outcomes are optimized when dealing with sustainable development at the same time.
Owen Hewlett, technical director of Gold Standard.
Offset vs insertion
Hewlett defines "embedding" as activities within a company's supply chain that can be counted toward science-based goals, although they are technically outside a company's direct boundaries, such as addressing supplier emissions at levels one or two from this supply chain.
In that way, insertion is distinct from the more widely used process of “offsetting,” a term often used to describe the process of supporting projects focused on carbon removal to receive credit for the reductions it enables.
For many organizations, the distinction is elusive, but many companies use the offset process to boost their corporate emissions reductions. The idea of embeddedness is often associated with natural climate solutions, although it can be achieved through any verifiable activity that mitigates emissions related to a company's value chain.
We see a lot of climate outcomes being optimized when it comes to sustainable development at the same time.
The real test is this question: what does it count for? If it's within limits, you can report it against science-based targets. If it is out of bounds, then allowing reductions [for others] should be considered. Often, it's a little bit of both.
In a world where we know some companies will not be able to reach net zero, it is absolutely imperative that others who can achieve it go further.
Charlotte Bande, climate strategy leader for sustainability consulting firm Quantis.
Bande said Absolute Zero (a concept the company is socializing with its customers) is the long-term roadmap toward which companies must navigate: it encourages companies to maximize their individual contributions toward the vision of achieving net-zero emissions by 2050. .
"Absolute sustainability is about France Mobile Number List ensuring that society operates within planetary boundaries while meeting human needs ," Bande said. That should include strategies that address biodiversity, land use, freshwater consumption, the phosphorus cycle and the nitrogen cycle, he said.
How could you apply Absolute Zero to your own strategy?
Over the next 10 years, a period that the United Nations Global Compact has called the “Decade of Action,” companies must focus much more on mitigating their impact not only within their own corporate boundaries but within their entire supply chain. value, including suppliers and customers, according to GreenBiz .
“That means paying much more attention to issues related to sustainable development, such as child labor policies, community water abuses or gender equity issues,” said Owen Hewlett, technical director at Gold Standard, a Swiss NGO that issues carbon credits.
We very much see that climate outcomes are optimized when dealing with sustainable development at the same time.
Owen Hewlett, technical director of Gold Standard.
Offset vs insertion
Hewlett defines "embedding" as activities within a company's supply chain that can be counted toward science-based goals, although they are technically outside a company's direct boundaries, such as addressing supplier emissions at levels one or two from this supply chain.
In that way, insertion is distinct from the more widely used process of “offsetting,” a term often used to describe the process of supporting projects focused on carbon removal to receive credit for the reductions it enables.
For many organizations, the distinction is elusive, but many companies use the offset process to boost their corporate emissions reductions. The idea of embeddedness is often associated with natural climate solutions, although it can be achieved through any verifiable activity that mitigates emissions related to a company's value chain.
We see a lot of climate outcomes being optimized when it comes to sustainable development at the same time.
The real test is this question: what does it count for? If it's within limits, you can report it against science-based targets. If it is out of bounds, then allowing reductions [for others] should be considered. Often, it's a little bit of both.