8 Steps to Green A practical guide to corporate carbon management

Mondo History Updated on 2024-02-20

Carbon management is not only a necessary responsibility, but also a key strategy to achieve sustainable development. Carbon stewardship is imperative due to its environmental and social impacts, and with the global demand for reducing greenhouse gas emissions growing, companies can face multiple risks such as reputational damage, regulatory pressures, and reduced market competitiveness if they do not respond proactively. By implementing carbon management, companies can reduce energy consumption and emissions, improve resource efficiency, and reduce costs and enhance competitiveness. In the long run, carbon management not only contributes to environmental protection and social responsibility, but also brings tangible economic benefits and market advantages to enterprises. The overall management framework, illustrated in the figure below, consists of eight steps that make up the complete process of carbon management for a company. In practice, continuous iterative cycles can promote the continuous optimization of enterprise carbon management to cope with new internal and external situations.

This article will explain this management process in more detail1- Measurement: You can't manage what you can't measureIt is important to know the amount and ** of greenhouse gas emissions. This can be as simple as looking at the energy bill, or it can be a comprehensive measurement of each one: stationary combustion sources (e.g., boilers, power generation), transportation** (e.g., cars, ships, airplanes), process emissions (e.g., refrigeration, landfills, methane) emissions should include three scopes: For these three ranges, we can get a more intuitive understanding of these three ranges through the following chart drawn by McKinsey & Company.

First of all, companies need to clarify the boundaries and goals of carbon accounting. This includes determining the scope of accounting (e.g. Scope 1, Scope 2, Scope 3) and setting clear emission reduction targets. Collect all data related to carbon emissions. This includes direct emissions data (e.g., fuel consumption, emissions from production processes, etc.) as well as indirect emissions data (e.g., purchased electricity and heat use). According to their actual situation and needs, choose the appropriate carbon emission accounting method. Commonly used methods include emission factor method, mass balance method, and measured method. Choosing the right method can ensure the accuracy and reliability of the accounting results. Once all the necessary data has been collected, businesses can begin carbon accounting. This includes calculating emissions from various sources and aggregating the total emissions of a company. At the same time, in order to ensure the accuracy of carbon emission accounting, enterprises should verify and review the accounting results. This can be achieved through internal audits, third-party audits, or participation in international carbon accounting standards.

2- Calibration: What do you want to achieve? When setting carbon management targets, it is necessary to consider both short-term and long-term goals. If the overall goal is to achieve carbon neutrality, then the phased GHG reduction targets will help stay on track and ensure that emissions reductions are achieved as soon as possible. Setting goals can also mean establishing criteria for deciding whether or not to implement the actions that have been identified. For example: Is there a specific financial rate of return to achieve? Will there be a specific budget set aside to reduce greenhouse gas emissions? Will it be optimized based on established priority strategies (e.g., environmental, financial, market, reputational)? The best way to reduce your carbon footprint is to avoid direct greenhouse gas emissions and indirect energy-related emissions. In addition to reducing your carbon footprint, avoidance strategies promote the sustainability of your business by minimizing other environmental impacts, reducing energy and other resource costs, and minimizing potential carbon costs. Other opportunities may involve some capital expenditures, but are more likely to result in cost savings in the long run. For example:

Sourcing locally produced materials to avoid transport-related emissions is met through a meeting or meetings rather than traveling in person4- Reduce: Can you change activities to reduce emissions? The choice of optimizing organizational activities varies according to the level of effort required and the cost. Options range from energy-saving lamp replacement to undertaking a complete building renovation. Some of the key measures include: ensuring the efficient operation of appliances and equipment; If buying new equipment, making sure it has a high efficiency rating, ensuring that smart buildings are designed for new buildings, and renovating old buildings (factories, offices, and homes), factors to consider include better orientation, materials, insulation, and shading when buying a new car with fuel efficiency in mind

The three main methods of energy are combined heat and power, exhaust gases, and waste-to-energy. It is important that other environmental impacts are also taken into account when evaluating each option. Life cycle analysis can help assess whether the energy extracted from waste exceeds the energy costs associated with treatment and other environmental impacts generated by the energy** process.

Use renewable energy.

Solar, wind, hydro and biomass, for example, can reduce dependence on fossil fuels and significantly reduce greenhouse gas emissions. Purchase renewable energy.

The three main ways for enterprises to purchase green electricity are that power users participate in cross-provincial and cross-regional direct transactions of green electricity, power users consume green power such as wind and solar power nearby, and power users purchase green power certificates. Switching to fossil fuelsIf you can't avoid using fossil fuels, you can still try to choose fossil fuels that are less greenhouse effect intensive. Natural carbon sequestration.

The process of storing carbon naturally is often referred to as biosequestration. The most common form is tree planting. It is more common to invest in biosequestration or forestry projects carried out by other enterprises, such as agroforestry as carbon offsets. Forest carbon sequestration projects are not as simple as planting trees, and require careful management, control, and monitoring of biosequestration projects according to strict standards. Artificial carbon sequestration.

Artificial carbon sequestration involves capturing carbon dioxide directly from fossil fuel combustion or industrial processes and storing these emissions beneath the earth's surface for long periods of time. At present, CCS technology is being applied to overseas oil and gas ** related projects. So far, this technology has not been commercially applied, but is being tested on a demonstration scale for application in the stationary energy sector. If you're not meeting your set energy use or greenhouse gas reduction targets, are there any opportunities to reduce emissions that haven't been considered? Is there a need to change the decision-making criteria for which opportunities to execute?

February** Dynamic Incentive Program8- Offsetting: Can you offset the remaining greenhouse gas emissions? Carbon offsets provide a legitimate means of reducing the net impact of energy use and greenhouse gas emissions, provided that they are part of a broader greenhouse gas management strategy and come from verified projects that actually reduce emissions. For businesses looking to achieve carbon neutrality in their operations, offsetting will in most cases be a necessary component of an integrated carbon management strategy.

- Carbon management is not a static task that can be achieved overnight, but a dynamic process that is constantly evolving and optimized. With the increasingly severe challenge of global climate change, enterprises need to pay attention to the latest developments and technological progress in the field of carbon management, and constantly adjust and improve their carbon management strategies. Through continuous data monitoring, target setting, strategy implementation and effectiveness evaluation, companies can ensure that their carbon management efforts are always up to date and inject continuous impetus into their sustainable development. So let's work together to integrate carbon management into our daily operations and contribute to a green, low-carbon future.

Zhongchuang Footprint "grasps the opportunity of digital development, realizes the deep integration of green and digital, and builds an industrial ecology of Internet + green and low-carbon value-added service cloud platform." Carbon Emission Accounting SystemIt can support the collection, collation and calculation of enterprise resource and energy consumption and process data, analyze carbon emission results, and improve the carbon emission accounting ability and verification and supervision level of enterprises; Carbon footprint analysis systemIt can quantify the direct or indirect greenhouse gas emissions at each stage of the product life cycle, analyze and identify the hot spots of greenhouse gas emissions, support the issuance of product carbon emission reports, and assist in the formulation of carbon reduction plans; Life Cycle Assessment SystemAccording to the characteristics of the product or service, the life cycle model can be established, the environmental load of the product life cycle process can be evaluated systematically, standardized and standardized, and quantitative indicators can be generated. **Chain green and low-carbon management systemIt can manage the information of upstream and downstream merchants involved in the product, and assist enterprises in collecting data on the upstream and downstream life cycle stages of products, greatly simplifying the upstream and downstream data collection process of products, improving the accuracy of data collection, and improving the efficiency of evaluation.

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