In today's world, there is an increasing demand for businesses to be more environmentally conscious. With clients emphasising a sustainable supply chain, investors seeking companies with a strong commitment to sustainability, and job applicants looking for employers that tackle climate change, it has become crucial for businesses to have a carbon management plan in place.
What is a carbon management plan?
A carbon management plan outlines the actions a business will take to reduce its carbon emissions, starting with an assessment of its current carbon footprint. From this assessment, the management team selects feasible opportunities to implement changes over time. These changes are typically planned for a five-year period and enable the company to set clear and measurable emission reduction targets.
Wha are the benefits of a carbon management plan?
A well-prepared carbon management plan not only demonstrates a business's commitment to climate change but also provides several benefits.
establishes a defined sustainability profile for the business, which can be used to attract eco-conscious clients and job seekers.
allows businesses to include their carbon status profile and action plan in tender submissions, giving them a competitive edge.
How do I establish a carbon management plan?
Establishing a carbon management plan involves several essential steps. These include:
detailing the elements that need to be changed
confirming the technical or practical feasibility of these changes
consulting with external experts when necessary
identifying any required investments, calculating the achievable carbon savings, and determining the payback period to ensure financial viability
create a business as usual, income, and carbon forecast based on the current emissions ratio
set achievable savings targets for each year of the five-year plan
review and revise the carbon management plan regularly
after each annual carbon footprint assessment, adjustments and improvements should be made to ensure the plan remains relevant and effective.
In the early stages of implementing a carbon reduction strategy, businesses can also consider carbon offsetting. This involves compensating for their emissions by financially supporting verified and validated carbon offsetting projects that reduce greenhouse gas emissions elsewhere.
Carbon offsetting credits should not be considered an alternative to reduce emissions, but as a means of supporting global carbon emissions reduction, while you work on your journey to net zero.
An essential tool
A carbon management plan is an essential tool for businesses committed to tackling climate change and achieving sustainability.
By setting clear emission reduction targets and implementing feasible changes, businesses can proudly showcase their commitment to a sustainable future while attracting clients, investors, and employees who share their values.
For more detailed information on any of these points, we offer a free no obligation 30-minute consultation to help you kick start your Carbon Management Plan. Call us, book a meeting or request a call back!