JOURNEY TO NET ZERO EMISSIONS

Video Thumbnail

Setting your net zero goal

It is abundantly clear that we are in a race against time to take meaningful action on climate change and need to achieve global net zero emissions by 2050, at the latest, to limit global warming to 1.5°C. However, there is not just one pathway to achieve a net zero emissions goal — every organization’s journey will be different. Setting short- and long-term reduction goals across all of your emissions sources, including your value chain, must be the basis for action. At the same time, other short-term goals like becoming carbon neutral or setting near-term science-based targets can provide immediate reductions in global carbon emissions, as organizations continue to work towards an ultimate goal of net zero.

No matter the size of your company or budget, there are solutions available to enable you to take climate action today.

 

WHAT IS NET ZERO?

Net zero emissions are achieved when anthropogenic emissions of greenhouse gases to the atmosphere are balanced by anthropogenic removals over a specified period, according to the Intergovernmental Panel on Climate Change (IPCC). At its core, the concept of “net zero” means a balance between what we emit into the atmosphere and what we take out. The IPCC states that this balance needs to happen by 2050 on a global basis, and we believe that corporations can and must play an important role in achieving a 1.5C world.

Leading industry practices for net zero include:

  • Innovating strategy to thrive in a net zero world
  • Reducing operational emissions (Scopes 1 and 2) in line with a 1.5C pathway
  • Reducing value chain emissions (Scope 3) in line with a 1.5C pathway
  • Procuring carbon reduction and removal credits to meet interim targets; eventually using removals exclusively to address residual emissions to achieve a future state of net zero

3Degrees offers a full suite of global solutions for every stage of your decarbonization journey

BUSINESS STRATEGY INTEGRATION

Determine baseline emissions and report inventory
  • GHG Inventory: Determine total Scope 1, 2 & 3 emissions and sources
  • CDP Reporting & Benchmarking: Disclose your inventory & compare against peers
  • Goal Setting: Establish best-fit goals for your organization (SBTi, RE100, etc.)
  • Carbon Program Boot Camp: Jumpstart your carbon strategy
  • Employee Engagement: Incentivize sustainability
  • TCFD Reporting: Climate risk analysis

OPERATIONAL REDUCTIONS

Reduce direct and indirect emissions (Scope 1 and 2 emissions)
  • Energy efficiency: Reduce usage from heating, cooling, and lighting
  • RECs and Other Global EACs: Purchase certificates to achieve 100% renewable electricity
  • Renewable Strategy: Options, cost, risk, and pathways for achieving renewable electricity targets
  • Corporate PPAs: Physical and virtual power purchase agreements
  • Retail Renewable Electricity Sourcing: Utility green tariffs & competitive retail supply
  • Onsite Generation: Behind-the-meter solar and storage installations
  • Transportation Decarbonization: EV fleets and lower carbon fuels

VALUE CHAIN REDUCTIONS

Measure and target emissions outside of your organization (Scope 3 emissions)
  • Scope 3 Inventory: Quantify emissions from supply chain purchases, product use, and other activities
  • Supply Chain Goal Setting: Science-based targets, competitive benchmarking, feasibility analysis
  • Supply Chain Engagement Strategy: Primary investigation and supply chain mapping
  • Strategy & Implementation: Plan and implement reductions, such as supplier renewables
  • Carbon Insetting: Develop projects directly with suppliers using carbon credit methodologies

REMAINING EMISSIONS

Implement carbon credit strategy
  • Carbon Neutrality: Address unabated emissions in operations (Scopes 1 & 2) and/or value chain (Scope 3)
  • Portfolio Design: Create portfolio with mix of avoidance and removal credits from new and existing projects
  • Project Development & Origination: Accelerate impact by supporting the creation of new carbon reduction and removal projects

Looking for support in setting or achieving a net zero goal?

CONTACT US