Per the latest Assessment Report of the Intergovernmental Panel on Climate Change (IPCC), we need to reduce our global emissions 45% by 2030 (78 months from now) if we are to keep global warming below 1.5°C.
This is an “All hands on deck” call because you are not going to like it when we tip over that threshold.
This report discusses the current state of affairs in the EU, which is better prepared than most of the world. Here are the key points:
- There is a persistent gap between transparency and action – 23% of companies in the study still lacked emission reduction targets.
- Though science-based targets (SBTs) are now mainstream, the main emissions producers still lack them – 87% of known emissions are still not being targeted.
- Net-zero targets remain in their nascent stage – 92% of companies do not yet have net zero targets.
- Energy efficiency is working and not negatively impacting revenues – Operational emissions (Scope 1 and 2) have gone down by 14%, while revenues have gone up 8%.
- Scope 3 is the key – 92% of known emissions are Scope 3.
How is this an opportunity for you?
- If you are a vendor to another company, you are part of its Scope 3.
- Per the above, Scope 3 is where the problem/opportunity is.
- For the world to meet its emissions goals, Scope 3 vendors need to step up.
- Companies, in need of reporting on their own emissions, need information from their Scope 3 vendors.
- This will force those companies (ie, your clients and prospects) to select vendors that can prove they are sustainable and have a carbon emissions program.
- Net, as time is short, if your company is certified sustainable and carbon neutral, you will help your clients and prospects satisfy their Scope 3 needs, while your peers fail to do so.
- You will take market share…..and have a hand in giving the next generation a fighting chance.
Contact us with questions.