GoodZero

As businesses embark on their #NetZero journey, they often encounter terms such as CO2 and CO2e 👨💻 👩💻 CO2 refers to carbon dioxide, while CO2e stands for carbon dioxide equivalent, which includes CO2 along with six other greenhouse gases, providing a fuller picture of global warming potential. The "e" in CO2e signifies this broader scope, making it a more accurate measure for evaluating environmental impact, especially in manufacturing. With rising focus on environmental, social, and governance (#ESG) goals—driven by regulations and consumer expectations—companies are increasingly focused on their carbon footprint, the total greenhouse gases they produce. For a complete understanding of their impact, businesses need to consider #CO2e, not just CO2. → Learn more in our article: gdze.ro/co2e-ghg  #Decarbonisation #GoodZero 

𝗪𝗵𝗮𝘁 𝘁𝗼 𝗲𝘅𝗽𝗲𝗰𝘁 𝗳𝗿𝗼𝗺 #𝗖𝗢𝗣𝟮𝟵? 🤔 In less than two weeks, world leaders will gather to ramp up climate action and negotiate solutions. #COP29 stands out due to a key focus: agreeing on a new global finance goal, called the new collective quantified climate finance goal (NCQG). Discussions will likely include transparency and finance mechanisms that could influence investment flows and market participation. Some other points expected to be on the agenda: 🟣 The 2025 deadline for Nationally Determined Contributions (NDCs) is approaching, underscoring the need for greater ambition. This marks the start of a new cycle for the Paris Ratchet mechanism, requiring countries to increase their climate commitments every five years. 🟣 COP29 will lay the groundwork for the Loss and Damage Funds to deliver meaningful impact and push forward improvements in funding arrangements.  Adaptation efforts will be a priority, helping countries move from planning to implementing their strategies, with financial and collaborative support to close the gap between ideas and action. 🟣 2024 is a "triple COP" year, with COP29 on climate change in Baku, #COP16 on biodiversity in Cali, Colombia, and COP16 on desertification in Riyadh, Saudi Arabia, offering a unique opportunity for global alignment on these interconnected issues. That said, it’s clear that incremental steps are no longer enough 🙅♀️ The climate crisis demands bold, transformative action, supported by robust policies and substantial financial commitments. → For more details on COP29 agenda visit › gdze.ro/cop29 #NetZero #ClimateAction #GoodZero 

💭 “We worked with GoodZero to create a model for compensating our Scope 1 and 2 emissions, which are currently difficult to reduce. By #offsetting these hard-to-abate emissions, we are actively mitigating our impact. In 2022, we offset 25% of our hard-to-abate emissions. In 2023, we aim to offset 50% of our hard-to-abate Scope 1 emissions once we have our overall carbon footprint data. By 2024, we plan to reach 75%, and by 2025, 100%.” Fiona Humphries, Q&S Compliance Lead at Sipsmith, shares insights into the company’s ongoing decarbonisation efforts. Her advice for businesses just starting their carbon reduction journey? 💡 “Don't be afraid to ask for help from someone who knows more than you do.” → Learn how offsetting can align with your core business values: gdze.ro/sipsmith #Decarbonisation #NetZero #GoodZero

𝗕𝗶𝗴 𝘀𝘁𝗿𝗶𝗱𝗲𝘀 𝗮𝗵𝗲𝗮𝗱 𝗼𝗳 #𝗖𝗢𝗣𝟮𝟵 💡   Today, on #InternationalClimateActionDay, we’re celebrating big strides ahead of #COP29 and the progress being made in shaping a stronger global carbon market. Following Pre-COP discussions in Baku, a major agreement has been secured to bring a new UN carbon crediting mechanism to life under the Paris Agreement. The Article 6.4 Supervisory Board, the group driving the creation of the UN carbon market, has finalised two key standards that will guide how carbon removals are handled and how projects are assessed for participation in the UN-supervised market. Key highlights include: 📌 𝗔𝗹𝗶𝗴𝗻𝗺𝗲𝗻𝘁 𝘄𝗶𝘁𝗵 𝗣𝗮𝗿𝗶𝘀 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁 𝘁𝗮𝗿𝗴𝗲𝘁𝘀: Project baselines will now be fine-tuned to reflect the ambition of limiting global temperature rise, ensuring carbon credits are truly driving global climate action. 📌 𝗦𝘁𝗿𝗶𝗰𝘁𝗲𝗿 𝗮𝗱𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹𝗶𝘁𝘆 𝘁𝗲𝘀𝘁𝘀: New rules raise the standard by excluding projects that may result in prolonged high emissions, ensuring that only those with genuine, measurable environmental benefits get recognised. 📌 𝗦𝘁𝗿𝗼𝗻𝗴𝗲𝗿 𝗿𝗶𝘀𝗸 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: A buffer pool strategy has been put in place to handle risks like carbon loss from wildfires, strengthening the resilience and reliability of carbon removals in the market. 📌 𝗕𝗿𝗼𝗮𝗱𝗲𝗿 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀: Beyond reducing carbon, projects will now be required to deliver wider impacts, including boosting biodiversity and supporting community well-being. We see these updates as critical to building trust in the carbon market. As businesses leverage carbon credits more actively to meet their net-zero targets, these stronger standards will help cut through #greenwashing and ensure only genuine climate action is rewarded. With GoodZero, we believe this will drive companies to take deeper, more meaningful steps to reduce emissions and make sustainability a core part of their operations. → Read more: gdze.ro/pre-cop     #CarbonMarket #Offsetting #GoodZero #RacetoZero 

Did you know that? For consumer goods companies, Scope 1 and 2 emissions typically account for less than 10% of their total emissions, while Scope 3 emissions make up the overwhelming majority. These emissions stem from sourcing, transportation, and even the energy consumers use with your products. 🔎 Why do Scope 3 emissions matter? They cover everything beyond your direct operations—raw materials, logistics, and product use. This makes them harder to control but essential in reducing your overall carbon footprint. 📦 How can you reduce Scope 3 emissions? Here are a few action points to consider: 🔷 Concentrate on top-tier suppliers that contribute the most to the environmental impact of your organisation might be the first logical step. However, it is important to acknowledge that the most significant risks lie further down the supply chain. 🔷 Partner with your suppliers in establishing goals and implementing targeted initiatives across multiple domains, encompassing transportation, fuel and electricity usage, packaging, and waste handling.    But how do you get started on efficiently tackling your Scope 3 emissions? → Read more in our whitepaper › gdze.ro/net-zero-paper    #CO2reduction #Decarbonisation #GoodZero #NetZero

Climate change has swiftly become a driving force in strategic business planning. What was once a niche topic within Environmental, Social, and Governance (ESG) strategies is now front and center—signaling a new era where sustainable, inclusive, and 'net-zero' models are essential.  Addressing climate change isn't just a box to tick—it's now a core element of long-term strategy and risk management for businesses looking to thrive in a changing world 🌍 Creating a standout net-zero strategy means going beyond the basics. It demands a bold, science-backed approach that not only aligns with your business goals but also paves the way for a sustainable future. Below, we’ve laid out some key steps you should consider when outlining your net-zero strategy👇 → For deeper insights and practical tools to power your net-zero journey, check out our latest whitepaper: gdze.ro/net-zero-paper

Every company’s carbon footprint is shaped by a trio of emission categories known as Scope 1, 2, and 3. These classifications, set by the Greenhouse Gas Protocol (GHG Protocol) in 2001, are now critical for any business committed to transparency in their environmental impact and striving to achieve long-term sustainability. 💜 𝗦𝗰𝗼𝗽𝗲 𝟭 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀    Think of Scope 1 as the emissions your business is directly responsible for—like the CO2 released from your company’s own boilers, furnaces, or vehicles. These are the emissions you can see and control.     💜 𝗦𝗰𝗼𝗽𝗲 𝟮 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀   Scope 2 covers the emissions from the energy you buy—whether it’s electricity to power your operations or energy to heat and cool your facilities. It’s indirect but crucial, as it reflects the carbon footprint of your energy consumption.     💜 𝗦𝗰𝗼𝗽𝗲 𝟯 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀    Now, Scope 3 is where things get really interesting. It encompasses all the emissions linked to your value chain that fall outside your direct operations. This includes everything from the carbon cost of producing the materials you purchase to the emissions generated when customers use your products. Often, Scope 3 is the largest and most complex part of a company’s emissions profile, but addressing it is key to driving meaningful climate action.      That said, how do you reduce your indirect emissions? What are the best practices to tackle the complexities of Scope 3?      → Learn more about effective strategies for reducing Scope 3 emissions › gdze.ro/net-zero-paper

Is #sustainability taking a back seat in your business? Feeling uncertain about navigating complex and evolving regulations? Our free Quick Scan can help you set a clear, practical path toward long-term sustainable success. In just one session, our experts will develop a personalised strategy tailored to your business needs. You'll receive a concise 6-8 page report that includes: 🏆 Actionable steps based on your current resources, timelines, and goals  🏆 Quick wins and key actions to help build internal support for sustainability efforts  🏆 An overview of key regulations in your industry to help you stay compliant Take the first step toward a more sustainable future with GoodZero Quick Scan. Learn more via the link › gdze.ro/quick-scan  #GoodZero #Decarbonisation

The carbon offset market is set to expand significantly, from $0.6 billion in 2019 to an estimated $200 billion by 2050 😲 More so, according to BloombergNEF, it is estimated that by 2050, the demand for carbon credits could grow 40x, as the emitted emissions potentially reach 5.2B tons of CO2e/year. With that being said, we can confidently conclude that using high-quality carbon offsets for avoidance and removal is crucial for neutralising emissions that can't be reduced by other methods. But how should you approach carbon offsetting? Should you first reduce your emissions and then offset the remaining ones?  → Discover the most efficient way to achieve your net-zero goals here › gdze.ro/reduce-and-offset #GoodZero #Offsetting

𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝗶𝗻𝘀𝗲𝘁𝘁𝗶𝗻𝗴 𝗮𝗻𝗱 𝗼𝗳𝗳𝘀𝗲𝘁𝘁𝗶𝗻𝗴? It’s a common question for businesses just starting their decarbonisation journey 🤔 At the end of the day, carbon offsetting and carbon insetting are both two sustainable measures that companies can take to reduce their overall carbon emissions. One of the most important differences between #insetting and #offsetting lies in the focus of investment (within the value chain versus external projects).  🔹 Insetting involves making improvements within the value chain over the long term, requiring a deeper commitment and careful planning. It also helps lower operational risks by strengthening the supply chain and reducing Scope 3 emissions. 🔸 On the other hand, offsetting entails implementing external projects that deliver immediate impact and are relatively easier to execute. → Discover all the differences between insetting and offsetting in the blog › https://lnkd.in/dRUzuxuC #GoodZero #Decarbonisation