Four steps to carbon neutral business

carbon neutral

The road to becoming a carbon neutral organisation is complex and different for every business but here are four key steps to success. To highlight the different stages of achieving carbon neutrality through offsetting your carbon emissions via verified projects, Charlotte Bland, marketing executive at TEAM Energy, has put together a guide featuring the four steps that can to help achieve this.

Start your carbon offsetting journey sooner rather than later. There are a few reasons why you shouldn’t delay starting your journey to becoming carbon neutral. As pressure from consumers and stakeholders continues to mount on businesses, it is more important than ever that organisations start to explore how to reduce their carbon emissions and their impact on the planet.

You may also want to begin your carbon offsetting journey now as carbon credit prices are expected to rise due to an increase in demand over the next few years; avoid paying large amounts for offsetting your carbon by taking those vital first steps.

Starting this journey sooner rather than later means you can fulfil your customer’s requirements by improving your environmental credentials, elevate your reputation and become a leader in sustainability.

The first step in your journey to carbon neutrality is to understand your organisation’s current carbon emissions. This can take time and resources to analyse, with organisations needing to calculate and report on their scopes 1, 2 and 3 emissions. Through understanding these emissions, businesses can see what they can reduce as part of their net zero strategy and which emissions are unavoidable and should be offset by investing in carbon offsetting projects.

With projects that help businesses offset their emissions becoming increasingly popular, organisations are advised to start their journey as soon as possible.

How to choose the right offsetting scheme

With so many different offsetting schemes out there, it can be overwhelming when trying to find one that aligns with your organisation’s values and what you are looking to achieve. Due to its current lack of regulation, the Voluntary Carbon Market is often referred to as the ‘wild west’; to avoid choosing the wrong project, make sure you do your research.

Learning as much as possible about the projects you are interested in can help you understand how your carbon credits will be used. By ensuring the scheme is validated to the highest accreditation will mean you are investing in a verified project and will ensure your business does not get accused of greenwashing. These verifications include: Verified Carbon Standard (VCS); Gold Standard Voluntary Emission Reductions (VER); UK and EU Emissions Trading Standard (EU + UK ETS) and United Nations Certified Emission Reductions (CER) programmes.

Get your carbon neutral status verified

If you want to ensure that your carbon neutral strategy and targets are of the highest standard, it is important to get your strategy verified. By verifying that your carbon reduction strategy and carbon offsetting investments are in line with the latest climate sciences, you are demonstrating that you are serious about being carbon neutral, that you are on track to reduce your emissions, and avoid greenwashing accusations.

There are different routes available, including the Science Based Targets initiative (SBTi) that will verify your plan and target for reducing your greenhouse emissions, as long as they are in line with the goals of the Paris Agreement of limiting the Earth’s warming to 1.5C. By getting this stamp of approval from the SBTi, you can future proof your organisation’s growth, save money, gain resilience against regulation and boost confidence for customers, employees and stakeholders.

Now you are carbon neutral, what’s next?

Now that your organisation has offset its residual carbon emissions, you can celebrate becoming carbon neutral. While this is a great achievement, there is still more work to do. Becoming carbon neutral typically means that you will not increase your carbon emissions, so focusing on how you can keep your emissions down will play a key role in this journey.

If you already have a net zero strategy in place, then take this opportunity to begin implementing those projects in your plan, and reducing your carbon emissions completely. However, if you have become carbon neutral but aren’t sure what the next steps are, now is the perfect time to start setting your net zero targets and plan out your strategy for reaching them.

It is important to remember that although becoming a carbon neutral business is a great step in the right direction, it does not mean you do not have any CO2 emissions. Now that you are carbon neutral, it is time to use that as a solid foundation to start defining, shaping and creating a carbon reduction strategy. By working with a net zero consultancy you can secure a plan to support you in meeting your next milestone: becoming a net zero organisation.

Related Posts
Others have also viewed

Saudi’s oil giant announces first global liquified natural gas deal

Saudi Aramco announced its first global investment in liquefied natural gas, part of a broader ...

Petrobras and Vale to seek joint renewable investments

Vale has entered into a protocol of intent with Petrobras, one of the world’s largest ...

Norway’s wealth fund challenges Big Oil on climate transition

Norway’s sovereign wealth fund, a major global investor, criticises Big Oil’s transition efforts as carbon ...

India’s quest for net zero carbon emissions: not credible by 2050?, Rajat Verma comments

To reach its 2050 net-zero carbon emissions goal, India might require an investment of up ...