In a world that is constantly striving to fight climate change and strive to achieve sustainable development, it’s inevitable that a net zero economy is coming to us.
In the past year, almost 70% of the companies or institutions in the global economy have pledged to become net-zero in 2050. That number is expected to continue growing as the demand and popularity for the transition to net-zero grows.
Strive to achieve net zero carbon emissions is an integral part of the global battle to combat climate change.
But, that does not mean that getting net-zero carbon emissions will be easy.
What is it that means being carbon-neutral?
Carbon neutral, or reaching net-zero emissionsis achieved the time when a company determines the carbon emissions for which they are responsible for and utilizes the method of carbon offset to compensate for their environmentally destructive industrial activity.
It is vital to understand that being carbon neutral is not the same as saying thata firm releases zero carbon emissionsrather it signifies that they try to mitigate the pollution they’re currently creating.
What is the top five important methods that leaders of business need to follow to achieve their net zero transition?
Five Essential Strategies Businesses Managers must use to encourage a Net-Zero Transition
1. Invest in Carbon Offsetting Projects
A very commonly used ways of compensating for the previous carbon emissions is by investing into carbon offset schemes.
Carbon offset is the process by which the company is involved in another project, for example, an reforestation program – which is committed to improving the environmental condition.
The aim is to promote ethical and eco green values, while helping to minimize the company’s carbon footprint.
2. Purchase Carbon Credits
In addition to carbon offset projects, businesses also purchase carbon credits in order to achieve net zero carbon emissions.
Carbon credits are tradeable requests which represent a quantity of carbon dioxide that must be removed from the air in order to offset the carbon footprint that has already been created.
Both carbon offsets and carbon credits can be used as effective counter-active strategies for businesses trying to achieve sustainable development and net zero transition.
3. Carbon accounting
Carbon accounting refers to the process by which an organization calculates the amount of carbon dioxide emissions it is responsible for. This permits a business to precisely quantify how much carbon credit, or the amount of money that needs to be invested into a carbon offset scheme to offset the carbon emissions they have previously incurred.
Carbon accounting is essential in a company’s quest towards achieving net zero emissions.
The process of calculating your business’s carbon footprint, and taking steps to reduce the negative effects of carbon emissions. Carbon accounting serves as an exact measure of what any individual or business could be held accountable for. Sharing these carbon numbers with other organizations gives the fair trading of carbon and investment.
Carbon reporting is a word used to refer to carbon accounting.
In the absence of carbon accounting businesses could not effectively determine and then effectively offset their carbon emissions.
Thus, carbon accounting is vital to reach net-zero status.
4. Promote sustainability issues for your employees in your workplace
The most effective way to promote sustainability in your company is to have employees personally involved in your organization’s sustainable development objectives.
For instance it’s as simple as maintaining offices stocked with plants or reminding staff to switch off their electronics when they are not being used can improve the productivity of employees and increase enthusiasm for sustainability.
It is likely that your employees were interested in the organization and its positions due to personal reasons, which are significant to them.
If those values are highlighted as a source of concern in the process of transitioning to zero carbon emissions, then the probability of your employees contributing to the progress in the fight against sustainability will increase.
5. Make investments in the latest technologies that allow net-zero transitions
There are a variety of methods to assist with the transition process to making the net-zero transition.
The most popular methods employed to promote net zero transition include the production and use of carbon-friendly partnerships, clean-hydrogen production and the commitment to sustainable goals for the environment.
There are however, emerging technologies – like carbon storage and capture systems that can help companies cut down on their carbon footprint without second thought.
A carbon storage and capture system works equivalent to a gigantic air purifier for the environment. Carbon capture systems are at the root of industrial activity , preventing excess carbon emissions from entering the air.
If a business is able to install carbon capture technology it’s one of the easiest methods to limit the huge amount of greenhouse gas emissions created by a business.
This won’t just fight the climate crisis, but also help companies succeed in their transition to net zero.
How do you begin your transition to net-zero!
Your business should begin the journey towards zero carbon emissions using carbon accounting.
Once you have the required carbon emissions figures Your company will then be able to effectively implement sustainable development goals, employee rewards and the latest technologies needed to fight climate change in the end, you will be able to achieve a seamless net-zero transition.