Companies are facing increased pressure from the government, customers, and investors to disclose and define a pathway to net-zeroNet-zero is a term meaning to get to zero emissions, there is no current standard on what getting to net-zero means. For governments a net-zero target is one that covers all scope 1 emissions in their jurisdiction. For business it usually covers scope 1 and 2 emissions, although some companies also include some scope 3 emissions. The Science Based Targets Initiative is currently working on a standard for companies. More emissions. Effective carbon management ensures your business remains competitive in a carbon constrained future.
Challenges you face include:
- Understanding your carbon footprint – and that of your supply and distribution chains
- Setting a realistic carbon target – how much reduction and by when?
- Stakeholder engagement – getting people behind the vision and driving action
- Creating a realistic plan – what resources will you need (money, time, people)?
- Implementation – how am I going to communicate this and deliver?
Carbon Strategy (Net Zero Pathways)
Responding to the challenges in the 21st Century requires powerful business strategy that draws on market leading knowledge of sustainability practices, recognized certification schemes, competitor commitments, and engages with key stakeholders.
Northmore Gordon will work with you to develop a carbon strategy which includes:
- Net Zero Pathways
- Carbon offsets and renewable energy procurement strategy
- Stakeholder engagement
- Setting emissions reduction targets
- Action Plans
- Risk mapping
Quantifies an emissions inventory (or carbon ‘footprint) for all or part of the value chain of a business. It may include the whole organization, the supply-chain, a specific product, a service, or an event.
It is necessary for:
- Knowing your baseline so you can take action
- Establishing and tracking progress against a target
- Voluntary reporting to customers, investors and other stakeholders
- Compliance reporting for governments, carbon tax, carbon offset1 carbon offset = 1 tonne of CO2-e avoided or removed from the atmosphere. Avoided emissions covers activities that alter behaviour that would have otherwise caused emissions such as energy efficiency improvements or avoided deforestation. Removal covers activities that permanently remove CO2 from the atmosphere such as new forestry plantations, soil carbon improvement or carbon capture and storage. More creation, or emissions trading systems
- Carbon neutralThe act of offsetting all scope 1, 2 and 3 emissions associated with a product or service. More claims
Your organisation’s footprint includes the direct emissions at your sites (Scope 1), indirect emissions from the energy you purchase (Scope 2), and the indirect emissions in your supply chains and distribution channels (Scope 3). We help you establish the correct boundary, screen relevant emissions sources, and use internationally recognized standards such as the Greenhouse Gas ProtocolThe GHG Protocol is the most widely used greenhouse gas accounting standard for companies. It provides guidance on the calculation of scope 1, 2 and 3 emission sources. It is consistent with the ISO 14064 series of accounting standards on greenhouse gases. More, IS014064, ISO 14067, and PAS2050.
Knowing your carbon abatement opportunities is central to meeting your net zero emissions targets. Northmore Gordon
is an expert in evaluating physical and contractual carbon abatement opportunities for your business, including:
- Energy Efficiency Opportunities
- On-site renewable energy (e- 8- blogas, solar)
- Renewab e e eatriotv and renevade bio methane procurement options
- Greenhouse Gas Marginal Abatement Cost Curves
- Environmental certificates to quantify emissions or fund projects
Prioritising these opportunities in terms of their abatement potential and abatement cost creates a Marginal Abatement Cost (MAC) Curve. This helps guide you on what to do first and informs your capital plan!
Climate Active, SBTi, RE100
Carbon neutral certification: The Climate ActiveClimate Active is an accreditation program for Australian companies to certify their organisations, products, services, events, buildings or precincts as carbon neutral. The program is backed and administered by the Australian government. Companies have to measure their scope 1, 2 and material scope 3 emissions, reduce where possible and offset the remainder by purchasing and retiring offsets. Allowed offsets are LGCs for scope 2 and ACCUs, CERs, RMUs, VCUs or VERs for scope 1 or 3 emissions. Annual reporting is required and published on the Climate Active website. Carbon Neutral Standard is Australia’s only recognized certification framework for making carbon neutral commitments. NG has the skills and capability to assist you to become certified carbon neutral.
Certification of a target: The Science-based TargetsThe science based targets initiative (SBTi) is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Targets are considered ‘science-based’ if they are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to well-below 2°C above pre-industrial levels and pursuing efforts to limit warming to 1.5°C. SBTi has specific sectoral guidance and is working on a Net-Zero standard. More Initiative has established a process to certify a Net Zero Target. NG can establish boundaries and the carbon footprint, create a Science-based target in line with the SBTI guidelines and facilitate certification of the target.
Certified renewable energy purchases: An RE100RE100 is the global corporate renewable energy initiative bringing together large businesses committed to 100% renewable electricity. The members must be influential based on their either their brand, global presence, significant energy use or other characteristics that bring attention to their commitment. All companies must commit to purchasing 100% of their electricity from renewable sources by 2050 and purchase that power in the same location they are using it. Interim targets are 60% by 2030 and 90% by 2040. The program is led by the Climate Group in partnership with the CDP. commitment requires a company to demonstrate that they have calculated their electricity consumption across their global operations, and purchased renewable electricity, or the equivalent in Renewable Energy Certificates from within each market that they operate in. NG’s presence in Singapore (a trading hub for carbon and renewables) allows us to source RECs globally and manage the retirement and verified documentation.
Most large organisations need to report their greenhouse gas emissions and energy usage. We will work with your business to register for these schemes, calculate your emissions footprint, and procure and retire Carbon Offsets.
We calculate and report emissions for these programs:
- National Greenhouse and Energy Reporting Scheme (NGERS)
- Reporting to Financial Regulators or your companys own Sustainability report
- Climate Active Carbon Neutral Standards (CA)
- Corporate Emissions Reduction Transparency (CERT) Report
- Science Based Targets Initiative (SBTI)
- The Carbon Tax in Singapore
- 100% Renewable Energy (RE100)