The industrial sector accounts for more than 1/3 of global greenhouse gas emissions. Not only are governments, global consortia, and regulatory agencies pushing for the industrial sector to achieve net zero operations to slow climate change, but consumers are also demanding greater sustainability from the companies from which they purchase.
Three out of four Fortune 100 companies have made commitments to reduce emissions. However, simply outlining plans and talking about solutions aren’t enough—consumers and regulatory groups are demanding real, measurable results.
In fact, the SEC recently issued a draft rule regarding standards for how publicly traded companies should disclose how climate change affects their financial stability and their roles related to greenhouse gas emissions. Part of the required disclosure relates to a company’s Scope 1 and Scope 2 emissions – the greenhouse gas emissions produced directly through business operations and the emissions related to the energy they purchase to run their business.
Because the challenge feels overwhelming, some companies have struggled to know where to start in lowering their carbon footprint to meet regulatory and consumer expectations in the near term. But there are simple, impactful solutions that can be implemented right away to get companies started on their journey.