Stakeholders, including all constituents impacted by a company’s business – shareholders, clients, management, employees and communities in which they operate, including state and local community leaders – have a crucial role in this process, and their involvement and support is invaluable.
According to the United Nations, 45 percent of public companies (9,000 companies from over 140 countries), have committed to reducing greenhouse gas emissions by 2030. Carbon dioxide accounts for 76 percent of global greenhouse gas emissions. Decarbonization, the process of reducing or eliminating carbon dioxide (CO2) emissions, is not just a part of a business’s energy transition and risk reduction plan; it catalyzes sustainable business practices, paving the way for a more sustainable economy.
This article, focused on companies operating in the U.S., discusses designing a decarbonization strategy and the financial and social return on investment (ROI). The impact of decarbonization varies across economic industry sectors, with specific industries able to reduce carbon emissions by 60 to 80 percent and achieve positive financial outcomes.
The Beginning
The Greenhouse Gas Protocol is a critical element of the energy transition, promoting transparency, accountability, and sustainable practices. First publicly released in 2001 and revised over the years, the Protocol is a comprehensive global standardized framework. It is designed to measure and manage Scope 1, 2 and 3 greenhouse gas (GHG) emissions from electricity and other energy purchases and account for their value chain emissions.
• Scope 1: Direct emissions from sources within a company’s property or operations
• Scope 2: Indirect emissions resulting from purchased electricity
• Scope 3: All other indirect emissions associated with an enterprise’s activities
Decarbonization
هذه القصة مأخوذة من طبعة Summer 2024 من ENERGIES.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة Summer 2024 من ENERGIES.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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INTRODUCTION TO CHAPTER 2: ASSESS THE OPPORTUNITY
I had a sales meeting with an executive for a company headquartered in London, England. We met in the lobby, and he ushered me into his office.
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RE+ 24
After the success of RE+ 23 last year boasting over 40,000 attendees and 1,300+ exhibitors, RE+ 24 is set to make history as it celebrates its 20th year at the Anaheim Convention Center & Campus in Anaheim, California.
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In an attempt to convey its beauty, abundant wildlife, and natural wealth of the land, Winston Churchill, an early explorer of Uganda, called it the “Pearl of Africa” in his 1908 book, My African Journey.
