Greenhouse Gas Emissions
Goal.To reduce Greenhouse Gas Emissions.
Reducing greenhouse gas emissions is critical to tackling climate change and meeting national and international targets, including the goals of the Paris Agreement. Businesses contribute significantly to emissions through their operations, supply chains, and energy use. Taking action to measure and reduce emissions not only helps protect the environment but also strengthens business resilience, meets growing customer and investor expectations, and prepares for evolving regulations. It can also uncover opportunities for cost savings, innovation, and improved efficiency.
To reduce GHG emissions, businesses should start by identifying and measuring emissions across key areas — including direct emissions (Scope 1), purchased energy (Scope 2), and value chain emissions (Scope 3). This helps establish a baseline and highlight priority areas for action. Common steps include switching to renewable energy, improving energy efficiency, reducing waste, and encouraging low-carbon transport options for people and goods.
In areas beyond direct control, businesses can work with suppliers and partners to improve data quality and encourage lower-emission practices. Setting clear reduction targets and monitoring progress over time helps maintain focus and accountability. Where appropriate, businesses can also explore offsetting residual emissions — but the priority should always be on reducing emissions at source wherever possible.
Self Assessment Question
Do you monitor and report your Greenhouse Gas emissions, and do you have a science-based target with a clear plan to achieve Net Zero?
Reporting Disclosures
- Total Scope 1, 2 and 3 Greenhouse Gas Emissions (CO₂e)
- Information on Net Zero targets and alignment to Science Based Targets
- Information on the company's emissions reduction plan
Discussion Board
Share your challenges, knowledge and insights