6 steps to decarbonize your business
STEP 1: UNDERSTAND THE IMPACT OF CLIMATE CHANGE ON YOUR BUSINESS
Engage with your stakeholders (customers, employees and partners) for feedback.
Conduct surveys and interviews, and seek advice from industry experts to understand what the market sentiment is and what other values your business can provide.
STEP 2: BUILD INTERNAL SUPPORT
Make the case to decision makers with data but highlight the impact on people and business if no action taken.
Develop a multi-departmental task force. Sustainability is a matter of concern for upstream teams such as supplier management and also downstream teams like customer care.
STEP 3: DEVELOP A STRATEGIC FRAMEWORK
Factor in key tools such as Greenhouse Gas Protocol (GHG Protocol) and Positive Luxury's ESG+ framework that many companies use.
Engage with consultants and specialists for independent, expert advice.
STEP 4: IDENTIFY AND MEASURE YOUR CARBON EMISSIONS
Know where you emit carbon: direct, upstream and downstream emissions.
Bring in experts for example ECollective Carbon if possible to accelerate this step.
Be transparent and honest with sharing info about your business. You're building a foundation for your business.
STEP 5: REDUCE YOUR CARBON EMISSIONS
Follow the carbon emission trail and start cutting back where possible
Decrease the use of fossil fuel-based energy. For example, B Corp certified Intrepid Travel has switched internal flights to high-speed rail on the majority of its trips in China .
STEP 6: OFFSET YOUR CARBON EMISSIONS
If required to offset, choose from a range of nature-based solutions such as reforestation, soil carbon sequestration, etc,
Select verified, tested and transparent partners as the the current carbon offset market lacks coherence and regulations.
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