August 9, 2021

What is Carbon Neutrality and How Can Businesses Achieve Net Zero Emissions?

What is Carbon Neutrality and How Can Businesses Achieve Net Zero Emissions?

By 2050 we hope to see that most nations agree to adhere to the net zero carbon emissions target and even more ambitious industries and companies are aiming for the 30s. Since we all use carbon in most industries and as individuals, we're all experiencing this transition together through seeking new ways to produce, package, use, and ship products in a more carbon-free way.

Apart from proposed laws, conscious consumers are demanding transparent supply chains that are more energy-efficient, plastic-free, and reduce pollution in their logistics. In order to have a competitive advantage in most markets nowadays, reducing carbon is going to be one of the main factors in building a relationship with more environmentally-conscious consumers.

What is carbon neutrality?

Carbon neutral is a term that means there is an amount of carbon dioxide emitted into the atmosphere and then an offset has to be done to remove it from the atmosphere (a carbon offset). Think of a trade-off. 

Carbon neutrality is accomplished when a business's carbon footprint is accurately measured and decreased to net zero with a combination of actions they can take to reduce emissions and also with external carbon offset projects in the environment. 

How can companies achieve net zero?

With these 5 steps, you'll be on your way to net zero status soon enough. We'll show you how to achieve each step individually by tracking emissions and how Net0 software can help:

1. Measure carbon emissions

Carbon emissions can be measured over time or product by product. GHGs including methane and nitrous oxide but mostly CO2 are measured in metric tonnes of CO2e (equivalent). 

Net0 alleviates the need to use expensive consultancies as colleagues and vendors can use their own personalized dashboards to input their data about specific emissions, leaving Net0 to accurately measure carbon emissions with intuitive AI the way no other software knows how.

The GHG Protocol is a reporting standard that is not always, yet often used, that requires companies to categorize their emissions in three scopes.

Scope 1 - (Direct Emissions) GHGs emitted on the company's premises, vehicles, fuel combustion on-site, and power sources produced by them or belonging to them.

Scope 2 - (Indirect Emissions) Emissions from electricity the company purchased.

Scope 3 - (Other Indirect Emissions) Result of activities the company does but they don't own or control. Depending on the industry, these are usually the highest such as business travel, waste, water, and procurement.

Net0's carbon emission management platform can work out how much carbon companies are emitting precisely and accurately. Companies can input data from various sources to see everything in Net0's dashboard. It can auto collect data from sensors and enable staff to easily input the data. It's simple to connect third-party data sources, such as ERP systems. The information that you need could be found in your invoices for energy, gas bills, surveys to employees about indirect emissions. Request a demo and experience the precise measuring benefits for yourself and see why it's the easiest and most cost-efficient solution out there.

screen of measuring carbon emissions software

2. Reduce carbon emissions

Net0 gets you on the path to net zero emissions by displaying the bigger picture of your carbon footprint and making the sources of emissions stand out. We've collected a database of low emission alternatives that can help your company achieve a strategy that's best for you and the environment. By analyzing what is going into the business procedures, our clients are better enabled to make future decisions about reductions.

Depending on the source of your emissions, your industry, and the different departments that are emitting, you have to decide what is best for your business and the environment and change strategies as you go along. There will always be inventions and new opportunities and alternatives to reduce and eliminate carbon as time goes by. Having an agile supply chain will allow your business to be flexible with environmental strategies on top of the usual demands of your field.

Since Net0 is built with data intelligence at its core, it offers actionable insights as to reduction strategies that can be used in the future, not only being a system of record. 

3. Offset carbon emissions

Setting targets that are ambitious, robust, and realistic is important in the compensation and carbon offset planning stage. It will give the company a clear set of goals as they transition into net zero. 

Offsets are a way to not damage the business workings or finances but at the same time neutralize the carbon in the atmosphere by capturing what was emitted and removing them. It's a useful approach to stabilizing the environment but still being able to run a thriving business. After calculating the amount of offsets you need to buy you can then get involved in projects or fund other organizations that do the projects to carbon capture and remove them.

With Net0's data analytics, it's easy to view all of the emissions data on one central dashboard and view offsetting options. Your company can choose from over 200 projects that the platform offers, so you can offset and reduce at the same time, building the perfect road map to net zero for your company.

list of carbon emissions offset projects

4. Get your company net zero certified

Net0 provides carbon neutral certificates to its customers, which can be displayed on websites, online stores, and printed on physical products. To obtain a certificate, a company needs to be an active user of Net0 platform and demonstrate progress towards achieving carbon neutrality. Such proof of progress shall include an actionable plan to reduce emissions, as well as practical actions to offset some of the emissions in the short term. Whether end-consumers are shopping online or at the mall, the certificate can be seen by everyone, making sure the company's efforts don’t go unrecognized.

‍5. Report your progress

Net0 provides a comprehensive report that the company's customers can view online by following a link online or by scanning a QR code. Companies also get an investor grade report in compliance with local regulations.

Find community

Companies and organizations across the globe have made the 2050 or 2030 commitment regardless of national or regional laws being established, but because they strive for a better and green future. Businesses have created road maps that are optimistic yet realistic in how they are structured with proper goals set in place. They also aren't doing it alone. With different organizations there are international communities sharing ideas and support to help others achieve net zero in every place and across industries. These communities are becoming the foundation of progress. You can find your own community for extra tips to find out more and support in the measures you take.

Final thoughts:

It may seem overwhelming to achieve net zero status but it can be done using these steps. Since Net0 tracks, calculates, and analyzes your carbon emissions all in one place, calculating and offsetting emissions provided in Net0's platform can be done in minutes. You can still turn a profit, not experience job loss, and protect the environment with a competitive edge regarding carbon emissions, all at the same time.

Net0 can take the stress and unknowns out of the tracking, calculating, and analyzing processes to ensure that your carbon emissions are measured accurately and you have the best knowledge to go forth with and resources for offsets available, in your journey to carbon neutrality. Sign up today and start taking actionable steps towards improving global warming and getting certified.

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