Carbon reduction can impact business’ profits by up to 60%, according to McKinsey, through measures such as more favorable supplier agreements and reduced energy bills.
This business driver, along with sustainability reporting legislation and expectations from customers and investors, has seen 11,000 businesses set targets with the Science-Based Targets initiative. But without a comprehensive plan to reduce emissions in line with these goals, businesses face non-compliance, reputational and financial risks.
So, how do you build an effective reduction program? There are two key approaches to consider:
Substitution allows your business to cut emissions by finding lower-carbon options for high-emitting materials, suppliers or technologies.
Efficiency improvements ensure your business can deliver the same outcomes by using fewer resources.
In this webinar we’ll uncover how you can identify the substitutions and efficiency improvements that your business can implement and get on track to make real reductions.
