14. Understanding Carbon Emissions - What Companies Need to be Prepared For
Sep 28, 2023
auto_awesome
Delve into the world of carbon emissions and sustainability targets with insights on Scopes 1, 2, 3, and 4. Learn practical tips for managing your company's carbon footprint. Get equipped for a sustainable future with special guest Natalie Betts. Explore strategies for advancing ESG initiatives and collaboration.
Understanding carbon emission scopes (1-4) is crucial for businesses to assess and reduce emissions effectively.
Companies must proactively assemble teams and collect data to calculate their carbon footprint for sustainability goals.
Deep dives
Understanding Carbon Footprints and Emissions
Companies globally are facing increasing pressure to address their carbon emissions due to rising environmental concerns and evolving supply chain demands. With over 70 countries and many large corporations setting net zero targets, the focus on carbon footprints is intensifying. The discussion at the eScrap E-Reuse Conference highlighted the significance of measuring and reducing greenhouse gas emissions, emphasizing the need for companies to comprehensively evaluate their carbon footprint to align with sustainability goals.
Scopes of Emissions: From Direct to Indirect Impact
The podcast delves into the intricate details of emission scopes, namely scope one, two, three, and the emerging concept of scope four. Scope one encompasses direct emissions from a company's operations, such as on-site activities and owned assets, providing a tangible starting point for emission assessments. Scope two transitions to indirect emissions from purchased electricity, shedding light on regional variations and electricity sourcing practices. Scope three widens the perspective to capture all other indirect emissions influenced by a company's activities, including employee commuting, business travel, and purchased goods and services.
Preparing for the Future: Steps Towards Carbon Footprint Management
To navigate the evolving landscape of sustainability and carbon emissions reporting, companies are advised to proactively prepare by assembling dedicated teams and initiating data collection efforts. By leveraging resources from organizations like ISRI and embracing collaborative initiatives, businesses can streamline the process of calculating their carbon footprint. Emphasizing the importance of ESG frameworks beyond carbon emissions, the podcast underscores the value of patience in navigating the terminology and industry standards to drive meaningful progress towards holistic sustainability practices.
Welcome to "The Circular Future," your gateway to sustainable business practices, hosted by Stephanie McLarty, Head of Sustainability at Quantum Lifecycle Partners. In this episode, we demystify the world of carbon emissions, including Scopes 1, 2, 3, and 4, and why they matter to businesses. With sustainability targets on the rise globally, it's crucial to understand your carbon footprint. Join us as we delve into practical tips and insights with special guest Natalie Betts, Assistant Vice President of Sustainability at ISRI. Recorded live at the eScrap/eReuse conference in New Orleans, this episode equips you with the knowledge to prepare your company for a more sustainable future.
Thanks for listening!
If you like our podcasts, please leave us a review on Spotify or Apple or wherever you get your podcasts from. Want to be a guest on The Circular Future podcast? Email Sanjay Trivedi at strivedi@quantumlifecycle.com