Climate Change is pushing humanity into great danger. Companies now need to acknowledge this fact.
There need to be strong and potent strategies on the part of the companies so the Carbon Footprinting needs to be managed with discipline.
If you have your own company then you need to give a thorough reading on Carbon Footprint calculations. Focus on stats guidelines, and vision. You can get More infos here.
In this article, we are going to focus on the need to focus on Carbon Footprinting and Calculation.
Interesting And Worrying Information On Carbon Footprinting
- Fossil Fuels and Coal are the most important source of Carbon Footprint.
- Around 67% of the Carbon Footprinting is generated from them.
- A mere 100 companies from around the globe contribute to 70% of the world’s emissions.
- There is a ray of hope. If an integrated effort is generated to reduce 10% of emissions, the world can avoid a massive 1200 pounds of CO2. The observation is made by the Center for Sustainable Systems.
- Industries account for 21% of Global Greenhouse Emissions. The sector includes emissions from Metallurgical and Mineral Transformation processes, energy from Chemicals, and emissions from waste management activities.
- Gasoline releases around 19.6% pounds of CO2. Now understands how the aviation sector contributes to Carbon Footprinting. Passenger Cars contribute to 41% of Transportation generated Carbon Footprint.
Therefore the printing is right on that wall and the world is fast moving towards imminent doom.
Reasons Why Companies Must Focus On Carbon Neutrality And Calculations
If you are new to the business you need to understand that you must plan to cut your Carbon Footprint. The keen intent to reduce Carbon Footprint must find manifestation in the Company policy. Here are certain reasons why Carbon Footprinting needs to be tackled.
1. Because The Employees Want It
It might appear grotesque but it’s a positive development. A good amount of awareness is already created among Common People.
Around two-thirds of employees show the least interest in moving to companies with Zero Net Zero Vision.
Employees are ready to be content with less salary (cut off between 5000 to 10000 USD) rather than going to environmentally irresponsible companies. No one wants to take the blame on their shoulders. This drove Unilever to launch the Unilever Sustainable Living Plan.
2. Customers Showing Interest In Carbon Neutral Brands
It is found from a study that 70% of the customers are willing to pay a premium of 35% to the responsible companies.
For example Patagonia, a fashion retail brand went towards 100% Pure and organically grown cotton. Like them, many other brands believe that fashion is all about chasing carbon neutrality and building carbon positive brands.
3. Incorporate Sustainability Right Now!
You are new in your trade. So ensure that you incorporate Sustainability policies in your business. According to the study, the nonprofit organizations that manage climate change are able to gain an 18% return on Investment.
Even the market growth for sustainable products is 5.6% faster than for non-sustainable products. So if you are starting your business, learn to be responsible right from the word go.
4. Investors Are Looking For Businesses That Are Future-Oriented
Know that you are new to the business. You constantly need funds. You need to search for investors.
Then you must know that Investors are looking for companies that are future-oriented. Future-oriented denotes, that your company must have a Net Zero vision.
Not only that, you need to show them that you are practically working towards reducing your Carbon Footprint.
5. Measures And Regulations
The Global sustainable investment business has reached a strong $30 Trillion. This noticed a 68% increase since 2014.
Driven by this spirit the Managing directors are bringing in strong changes in the company regulations.
As already mentioned, if you’re operating a new business, make sure that you focus on Carbon Footprint Calculation. There are certain things that you need to consider while you are going for Carbon Footprint Calculation. In order to do this you need to collect essential data:
The company finance department needs to conduct a thorough audit on the Energy and Water waste in the production process.
Thereafter plans to reduce wastage need to be chalked out, and that should be the new addendum to carbon footprint standardization.
7. Monitoring Travel Emissions
Business Travel is one important element. The company must have data collected on the number of booking travels and the number of staff traveling on business.
It is also important for small businesses to take giant leaps to dwarf Carbon Footprint.
Now that you have calculated all the data you need to follow the Carbon Footprint Calculation using the spreadsheets followed by Internationally recognized Standards.
It can be concluded by saying that there is no way for the company but to consider facts and data on Carbon Footprinting.
Strong actions need to be focused on when preparing the Carbon neutrality strategy.
If you need further information on Carbon footprinting and its importance, feel free to let us know in the comment section. We can get back to you with an answer shortly.
Jason is the Marketing Manager at a local advertising company in Australia. He moved to Australia 10 years back for his passion for advertising. Jason recently joined BFA as a volunteer writer and contributes by sharing his valuable experience and knowledge.