The transition to net-zero has become a significant strategic consideration for businesses, presenting both risks and opportunities. Achieving net-zero involves a comprehensive understanding of your business baseline, emission sources, and overall strategy.
Acting early is the most effective approach to mitigating climate risk for several reasons:
- Costs related to asset replacement or future carbon taxation can be minimized through defined capital programs and early investments.
- Addressing historical emissions today reduces legal and reputational risks.
- Maintaining competitiveness in a market shaped by climate concerns and net-zero policies requires early and sustained action.
- As greenhouse gas (GHG) reporting requirements expand to encompass more businesses, initiating the development of mature, high-quality reports is essential.