A common mistake that companies are making is trying to achieve 100% accuracy with their environmental calculations. Its also influenced by that there are many platforms appearing that offer this level of accuracy.
The business case for a more rounded approach This may initially sound counter intuitive, but if we see Net Zero as a standalone objective, we are not using our capital and resources efficiently.
In the absence of using a dedicated framework like Zero Pro, many companies are relying on using tools such as Excel to manage the data they need to progress towards their Net Zero goals.
One of the biggest challenges the world has with regards to Net Zero is no one sees it as a burning bridge.
Since the announcement of Net Zero, companies have progressively built out sustainability teams to help them progress towards their own goals and objectives.
For many companies, the number of suppliers involved in the overall supply chain can be in the thousands, and in some cases, tens of thousands.
It’s time for companies to rethink their Net Zero strategies and make time to properly understanding what the business does today and decide on what it wants to do in the future. If this happens then we stand a chance at achieving Net Zero at some point in the future.
In recent months, regulators around the world have started to include carbon disclosure requirements in company’s annual financial reporting frameworks.
It has been clearly documented that a significant component of achieving Net Zero will require Governments to reduce their dependency on fossil fuels over time and to start introducing cleaner energy solutions into their national power supplies.
Most companies have focussed their supply chain design around a cost and speed dynamic, and they have been very successful at achieving this. Rarely have the procurement teams needed to consider any other paramters when selecting suppliers.