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11.6.2023

Monitoring CO2 Emissions: The Benefits for Your Business and the Environment

What is Carbon Footprint?

The term "carbon footprint" refers to the total sum of greenhouse gas emissions across all activities of your company. It serves as a measure of your company's impact on climate change and resource consumption. The universal unit used to measure greenhouse gas emissions is the ton of carbon dioxide equivalent (CO2e), which represents the concentration of carbon dioxide that would have an equivalent effect to the comparable greenhouse gas emitted into the atmosphere. We must take action for our planet. It is no longer just a slogan; it is a necessity. The enormous leap in human development over the last decades has pushed Earth to the brink of catastrophe. The answer to this lies in zero-emissions, which involves reducing our carbon footprint and transitioning to renewable energy sources. It is no longer just large companies and corporations that need to act; households, too, contribute to atmospheric pollution and must be part of the solution.

In short, your company's carbon footprint is the total greenhouse gas emissions expressed in CO2 equivalent that you emit into the atmosphere within a year. Initiating the monitoring process allows you to reduce the negative impact on the environment. By comparing different aspects of your company's operations, you can find low-emission alternatives to high-footprint activities. We must take action for our planet. It is no longer just a slogan; it is a necessity. The enormous leap in human development over the last decades has pushed Earth to the brink of catastrophe. The answer to this lies in zero-emissions, which involves reducing our carbon footprint and transitioning to renewable energy sources. It is no longer just large companies and corporations that need to act; households, too, contribute to atmospheric pollution and must be part of the solution.

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Why Should Your Company Measure Greenhouse Gas Emissions?

Disclosing your carbon footprint has become a necessity, not only due to new legislation that applies to an increasing number of businesses within the European Union but also because of societal and business expectations. Even micro, small, and medium-sized businesses are now required to demonstrate active emissions reduction efforts. Various economic sectors and financial institutions are focusing on this issue, compelled by regulations that require them to disclose investment footprints.

Furthermore, the planned green energy transformation for the next decade will impact all companies, not just those directly responsible for CO2 emissions (e.g., energy, transport, and agriculture sectors), affecting the entire European economy directly or indirectly. Benefits of Measuring CO2 Emissions

Monitoring your carbon footprint can be the first step towards understanding your company's impact on climate change and working towards achieving climate neutrality in the future. Additionally, it offers numerous other benefits:

Compliance with EU Directive: Reporting your company's carbon footprint, as required by the European Union, is crucial. Even if the regulation doesn't apply directly to you yet, your business partners may already seek suppliers providing data for mandatory reports.

Improved Funding Opportunities: Measuring and disclosing your carbon footprint can increase your chances of obtaining funding for your company's development. Financial institutions are obligated to direct capital flows towards sustainable investments according to the EU's sustainable finance taxonomy.

Identification of Emission Sources: Insight into your company's emissions allows you to identify high-emission sources, optimizing them to achieve long-term cost reductions. Reducing emissions can lead to significant financial savings for your business.

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Enhanced Competitiveness: Measuring your carbon footprint can increase your company's competitiveness. Not calculating your carbon footprint could potentially reduce your company's market value.

Improved Company Image: Reporting non-financial data, including your company's emissions, can improve its image. Ensure proper and honest reporting while aligning with the goals set in your ESG strategy.

Positive Impact on the Environment: Most importantly, measuring emissions contributes to a positive impact on the natural environment.

Monitoring... What's Next?

Monitoring allows for strategic planning of reductions, especially given the rising energy costs in Poland. Ecological solutions made possible through emissions measurement often prove to be more cost-effective, enabling significant budget savings for companies. Another method to reduce emissions is offsetting. If immediate emission reductions are not feasible, offsetting can be an available option. However, this method has both supporters and critics, as some argue it may absolve companies of their responsibility to lower emissions. Is offsetting truly beneficial? Yes, but only if you first accurately measure your company's carbon footprint and then engage in actions primarily focused on reducing emissions.

Responsiblee Can Help You Monitor CO2 Emissions!

Measuring your carbon footprint might be a new and complex topic for many entrepreneurs. However, with tools like Responsiblee, you don't need to conduct intricate measurements and calculations on your own. Our system provides access to emission data databases based on the internationally recognized GHG (Greenhouse Gases Protocol) protocol, which precisely defines emission measurement and management standards.

Emissions know no boundaries; we are all responsible for them everywhere. Every action we take, as individuals and businesses, leaves an impact on the natural environment. If your goal is to increase your company's transparency and demonstrate efforts towards sustainable development, we can help! With Responsiblee, you can easily embark on the ESG path for your business, starting with monitoring your company's carbon footprint.

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Need a hand in calculating & reporting your company's carbon footprint?

Contact us!

contact@responsiblee.net


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