The world has a budget of 1 trillion tonnes of carbon before the impacts of our excessive emission will alter the climate as we know it. To stay within this budget, every organisation must reach net zero, by either curtailing their emissions or actively removing carbon from the atmosphere or doing a combination of both. Becoming net zero, however, is no easy feat, as the boundary of what organisations used to be responsible for is expanding way beyond business operations. In reality, for most businesses, the impact they have on the environment is far greater outside of their immediate operations, and stakeholders know it. To be taken seriously, businesses must look across their value chain, operations, products and services. This means venturing outside the realm of Scope 1 and 2 reporting and engaging with the more complex Scope 3 emissions.
This poses a challenge for many organisations, who struggle to set credible net zero targets, as shown by a recent analysis by MSCI emissions tracker, which highlighted how over 9,000 listed companies are failing to disclose properly on climate change and failing to meet their pledges to net zero.
Organisations need to grasp net zero and understand what it means to them and how to incorporate it as an opportunity rather than a challenge.
In this 30 minute talk with Clustre, CEO Ben Murray brilliantly showcases why achieving net zero is crucial for securing a stable climate whilst identifying 5 areas of intervention that businesses must focus on if they are to get net zero right.
more than a word.