Why should "net-zero" be your company's next target?
Are you interested in “net-zero” but not sure what that means in practice? Are you wondering if this is an objective that your company should pursue? Read along to better understand what “net-zero” emissions are and why this concept is becoming increasingly relevant in fostering sustainable, resilient, and future-ready companies.
At a glance
For long, the discussion around climate change was centred around reducing GHG emissions. Recently, the debate has moved away from just “reducing” to “cancelling” emissions.
In 2018, the scientific community declared the need to reach a global state of “net-zero” emissions by 2050, in order to limit global warming to 1.5°C.
“Net-zero” is achieved when global GHG emissions are counter-balanced, or neutralised, by GHG absorptions of the same volume.
To be credible, a claim of “net-zero” has to be aligned with the ambition set by the Paris Agreement. This cannot be achieved solely through emission reduction and offsetting. Removal is thus a necessary step.
"Net-zero” is now at the forefront of the climate discussion and represents an unprecedented opportunity for companies to set meaningful climate action in motion.