It was a miraculous trend to witness when decarbonisation was noticed wisely & the carbon dioxide emissions fell by 7% in 2020. The pandemic initiated an example to change that can be sustained and elaborated upon. However, on a sadder end the carbon emissions is now again on an upward trend. We have started moving again towards unsustainable global carbon emissions, we are on the path of exhausting the Global Carbon Budget by 2030.
Sustainability is becoming a rapidly received trend and the political climate is ensuring constant attention to it. While the US & UK are firmly set on moving towards adapting to ESG norms & protocols, the investment market is making rapid shifts towards Sustainability filters in investment opportunities. A sustainable business model is futuristic and will become mandatory in the coming years.
Ensuring a political target however is one thing & assimilating actions that drives change is another. The demand of success is constant contemplation, movement & motivation. It is time all the businesses are adequately inclined to think & implement sustainability. Think about these before you kickstart the journey of Sustainability for your company.
Sustainability is a change of systems, a way of being & an enabler of responsible success
Understand Decarbonisation, bring change through an opportunity
It is a misconception that conversion to sustainability is a costly move. We advise the first step to be a change in this mentality that Sustainability grants in your business are very cost-centric. You can think & alter choices that make a business more sustainable. For example, Unilever has introduced capsules for laundry made from CO2. Similarly you can start with creatively or start small like just by observing & minimise energy usage in your workplace.
Understand & invest in carbon credits as well. Businesses are making immense profits from selling these carbon credits. Understand more about carbon credits here.
Invest in Carbon Accounting, Monitoring, Reporting & Decarbonisation mechanisms
Many businesses are now trying to understand their carbon footprint and are developing mechanisms to fight carbon footprint & initiate a more sustainable environment. Switching to renewable energy will cut GHG Emissions only by 55%, the remaining controls will come from manufacturing & production industries. (Source: MacArthur Foundation)
How to Initiate a Positive Sustainability Culture?
Identifying usage & carbon footprint will help you identify opportunities of cost reduction & reduction in carbon output. Once you have invested credibly in Sustainability Accounting & Reporting, the next step is to manage the assets & collaborations better. The ESG norms are building up in the investment & consumer space & businesses are opting for sustainability rapidly.
Decarbonisation & Net Zero should be the ultimate aim, not initial deterrents
Make sure that these big achievements don’t determine hesitation to start slow. You have to be completely sure that decarbonisation initiatives help you drive your business towards success. There are many phases in a business’s growth and converting entirely to decarbonisation methods wouldn’t be a good idea for many businesses. The idea is to start slowly, analyse carefully, learn from others, speak to experts and determine when to apply, which method.
Make sure that this change is slow but robust. Inculcating sustainability in your work environment should ensure carbon removal from product strategies, initiating eco-friendly drives, ensuring social equity & fair practices for the employees, and enabling a system of compliance to national & international protocols.
Learn, Implement & Maintain the tech advance to initiate Decarbonisation
It all starts with the first step. Once you develop an idea of carbon footprint, social index & compliance index for your company only then will you be able to provide accurate attention to gaps & render solutions that would increase your efficiency and deliver a sustainable impact.
There are varieties of technologies that are available today, learn about them, understand their value & only then initiate a movement of change. You will first have to account as to how much carbon footprint, social equity & compliance gaps your company is dealing with & accordingly invest in technologies that help you progress. We have said it before & we are reaffirming it again first to learn about your sustainability report to enhance the process of an accelerated change.
Over and above accountability & transparency are the two driving forces of a sustainable business. Investing in Sustainable experts to innovate, accelerate & enable a plethora of sustainability mechanisms.
Measurement & Monitoring drive Decarbonisation
From the first spot sustainability accounting & reporting to annual decarbonisation report, everything has become extremely data-driven & machine enabled. At Onlygood we enable even sustainability certifications to enhance your credibility. A constant scrutiny on some sustainability mechanisms in your business like fair wages, CSR initiatives, unit’s energy usage, water usage will take you a long way & will introduce you to a modern approach towards strengthening in accordance with major ESG norms.
Once you have enabled the sustainability discourse in your work ethic, investors & insurers are going to consider you more credibly & you will see a progression on financial sustainability terms.