It's becoming more and more popular for companies to become carbon neutral to manage their climate impact. Studies show how important it is for companies to be proactive when managing climate change risk - otherwise, they may face significant financial and brand risks in the future. As such, there has been increasing pressure on businesses to take action to mitigate the impact of their operations on the environment.
Reasons For Becoming A Carbon Neutral Company
Here are the reasons you should consider.
Reduce Operational Costs
The cost of being a CO2 emitter is not only associated with the actual cost of the emissions but also with the costs of mitigating those emissions. For example, if you have to purchase carbon offsets or pay a fee to offset your emissions, this will put additional strain on your operational budget. By using this carbon strategy, you can avoid these extra costs altogether.
Improve Your Reputation
Using a carbon strategy to reduce the carbon emission of your company will be seen as an act of corporate responsibility by customers and stakeholders alike. This will lead them to associate your company with positive qualities such as environmental awareness and corporate responsibility, which can improve your reputation in the long term. This can help build trust in your brand and increase sales.
Attract New Talent
A study done by CDP showed that more than 80% of millennials would like to work for an environmentally friendly company. So if you're looking to attract this generation's best and brightest, look no further than becoming carbon neutral. If you can show them how you're helping to protect the environment through your actions, they will be more likely to come work for you.
Protect The Environment
Carbon neutrality means reducing or eliminating your carbon footprint by putting a carbon strategy into practice process and procedure that reduces greenhouse gas emissions (GHGs) and other harmful pollutants. Carbon neutrality can be achieved in many ways, from installing green energy sources like solar panels on the roof of your office building to turning off lights when they're not needed. All of these activities will help reduce GHG emissions.
Gain An Edge Over The Competition
Becoming carbon neutral will also give your company an edge over competitors that don't offer this option. In fact, according to a recent survey by CarbonNeutralMarkets, nearly half of Americans said they'd be more likely to buy from companies that are making a positive impact on climate change. By becoming carbon neutral, you will be able to stand out from other companies and attract environmentally conscious customers.
Conclusion
Given how much we rely on the Earth and how damaging our actions can be, voluntarily lowering your carbon emissions should be a no-brainer. To become carbon neutral, companies are looking for a solution that reduces their carbon footprint, allows them to receive tax deductions, meets regulatory compliance, and achieves long-term de-carbonization. While each company's carbon reduction needs will vary, so should the approach to accomplishing it.
