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Article: Should Your Business Have a Net Zero Roadmap?

The road to Net Zero emissions is narrow, and staying on track requires immediate deployment of all available clean and efficient energy technologies.

According to the International Energy Agency (IEA), all the technologies required to achieve the necessary reductions in global emission by 2030 are already available.

Carbon Net Zero refers to the balance between the amount of greenhouse gas produced and the amount removed from the atmosphere. We reach Net Zero when the amount we add is no more than the amount taken away (National Grid). But, how can we get there?

To achieve Net Zero it is necessary to address the three levels of emissions a company creates in its own operations, and in its wider value chain. These levels are known as Scope 1, 2 and 3. 

Scope 1 – Directly created by your business.

Scope 2 – Created by your use of fossil fuel-generated electricity.

Scope 3 – Created by your supply chain.

Scope 1, 2 and 3 emissions chart
The typical breakdown of Scope Emissions shows Scope 3 is the largest source of an organisations carbon emissions.

The Roadmap to Becoming Net Zero

Almost one-third of the UK’s largest companies are leading the world’s transition to a low-carbon economy, pledging to align with the UK government ambitions and eliminate their emissions by 2050.

Rolls-Royce has committed to achieving Net Zero greenhouse gas emissions from its operations and facilities by 2030. This entailed implementing a circular economy approach to their manufacturing process, which means that up to 95% of their jet engines can now be recycled.

Sainsbury’s has pledged £1 billion over the next 20 years to achieve Net Zero emissions by 2040. As part of this pledge, the company has committed to reducing food waste, plastic packaging, and water consumption, as well as increasing recycling, biodiversity, and healthy and sustainable eating.

Hilton Hotels & Resorts is one of many hotels that are leading the hospitality industry towards a Zero Carbon economy and reducing greenhouse gas emissions. Hilton has committed to reducing its Scope 1 and 2 carbon intensity by 61% by 2030. 

During COP26 the UK strengthened its ambitions announcing that all listed companies will have to release Net Zero plans by 2023 and report annually on their decarbonisation efforts. This will mean the UK’s biggest organisations paying much closer attention to the emissions within their supply chains, which could be a headache for those organisations which aren’t captured by the mandatory reporting requirement, but are captured within the supply chain of organisations that are Meaning Net Zero isn’t just for big business.

Start on the right path

Whether your business is captured in a listed organisations supply chain or not, a flexible roadmap can help any environmentally conscious business create a plan that outlines the steps needed to take to become carbon net zero.

As a result, having a roadmap not only provides clear steps needed to achieve Net Zero goals, but also builds stakeholder confidence and supports Environmental, Social, and Governance (ESG) related factors.

Furthermore, an increase in clean energy investment has the potential to create new jobs, significantly boost global economic growth, and achieve universal access to electricity by the end of the decade.

EnergyIntel - Net Zero Roadmap

If your business is working towards a Net Zero Roadmap or is interested in finding out more, get in touch with one of our experts today.

  • Author: Antonia Cheng, Energy Analyst

  • Creative: Robyn Miller, Marketing Manager

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