Corporate Emission Reduction Target and Net Zero Goal Setting
Overview
In the face of global climate change, setting ambitious emission reduction targets and achieving net-zero emissions is not only a moral obligation but also a critical business strategy. Our services provide corporations with the expertise to define and implement science-based emission reduction targets and develop a clear pathway toward achieving net-zero goals. By aligning with globally recognized frameworks like the Science Based Targets initiative (SBTi), ISO 14064, and the UN Race to Zero Campaign, we ensure that your efforts are credible, impactful, and in line with the latest climate science.
What We Offer
- Science-Based Target Setting: We help companies set emission reduction targets that are aligned with climate science, ensuring that they are consistent with the Paris Agreement’s goal of limiting global temperature rise to 1.5°C or 2°C.
- Net Zero Roadmap: Achieving net-zero requires more than setting a goal. We provide comprehensive roadmaps, including operational changes, investments in green technology, and carbon offsetting strategies, to achieve true net-zero emissions.
- Sector-Specific Strategies: Different industries face unique challenges in reducing emissions. Our sector-specific strategies ensure that your target-setting approach is both realistic and impactful, helping you navigate regulatory requirements and technological hurdles.
- Monitoring and Reporting: We guide you in establishing monitoring systems and producing transparent, third-party verified reports that track progress toward emission reduction goals.
- Global Compliance & Recognition: By aligning your strategies with international standards and initiatives, we enhance your brand’s global standing and compliance with regional regulations, such as the EU’s Fit for 55 package or national carbon pricing mechanisms.
FAQs
Ans: Science-based targets are climate goals that align with the level of decarbonization required to keep global warming below 1.5°C or 2°C, as specified in the Paris Agreement. These targets ensure that a company’s emissions reduction efforts are scientifically robust and contribute meaningfully to global climate efforts.
Ans: Carbon neutrality refers to balancing emitted and offset carbon, often through purchasing carbon credits, whereas net zero requires reducing emissions across the value chain as much as possible and offsetting only the residual, unavoidable emissions through high-quality carbon removal projects. Net zero is more comprehensive and long-term.
Ans: Carbon offsets play a crucial role in compensating for residual emissions that cannot be eliminated immediately. High-quality offsets, like reforestation or carbon capture projects, are essential for balancing out these remaining emissions, though the focus remains on deep reductions first.
Ans: The first step is to conduct a detailed GHG inventory that measures your current emissions across Scope 1 (direct emissions), Scope 2 (indirect emissions from energy), and Scope 3 (supply chain and other indirect emissions). Once you have a baseline, you can set short- and long-term targets aligned with climate science and industry benchmarks.
Ans: The timeline for achieving net zero varies by industry and region, but most companies aim for 2040 or 2050 in alignment with global commitments like the Paris Agreement. Interim targets are often set for 2030 to ensure continuous progress and accountability.
By partnering with us to set corporate emission reduction targets and chart a path to net zero, your company can lead the way in climate responsibility while unlocking long-term business resilience and growth in the emerging low-carbon economy.