Urgency to move towards Net Zero emissions

The fight against climate change has reached a critical juncture. Despite global efforts, the world remains off-track to meet key climate targets by 2030. Greenhouse gas (GHG) emissions continue to rise, extreme weather events are becoming more frequent, and vulnerable ecosystems are under unprecedented strain. Scientists warn that without urgent action, the window to limit global warming to 1.5°C, which is the threshold to prevent the most catastrophic impacts, may soon close. Achieving net zero emissions is an imperative for governments, businesses, and individuals alike.

3 THINGS SMEs CAN DO TO ACHIEVE NET ZERO

1) Enhance energy efficiency

• Energy audits: Conduct comprehensive energy audits to identify areas where energy consumption can be reduced. This includes optimising heating, cooling, lighting, and machinery operations.
• Upgrade equipment: Replace outdated, energy-intensive equipment with energy-efficient alternatives. Invest in LED lighting, high-efficiency HVAC systems, and energy star-rated appliances.
• Renewable energy sources: Transition to renewable energy by installing solar panels, wind turbines, or subscribing to green energy providers. Where on-site renewable generation isn’t feasible, consider purchasing renewable energy certificates (RECs) to offset electricity usage.

2) Optimise supply chain and sustainable sourcing

• Evaluate suppliers: Assess the carbon footprint of your suppliers and prioritise partnerships with those committed to sustainable practices. Encourage suppliers to adopt greener methods and provide incentives for reducing their emissions.
• Local sourcing: Reduce transportation-related emissions by sourcing materials and products locally when possible. This not only lowers the carbon footprint but can also enhance supply chain resilience.
• Sustainable materials: Choose materials that have a lower environmental impact, such as recycled or biodegradable options. Implement circular economy principles by designing products for reuse, recycling, or minimal waste.

3) Implement carbon management and offsetting strategies

• Carbon footprint measurement: Accurately measure your company's carbon footprint using standardised methodologies. This provides a clear baseline and helps in tracking progress towards net-zero goals.
• Reduction initiatives: Develop and implement strategies to reduce emissions across all areas of the business, including transportation, waste management, and product lifecycle.
• Carbon offsetting: For emissions that cannot be eliminated, invest in carbon offset projects such as reforestation, renewable energy projects, or carbon capture technologies. Partner with reputable offset providers to ensure the credibility and effectiveness of the offsets.