Achieving net zero status is a complex and daunting task. It requires a comprehensive and well-coordinated strategy that addresses all emissions from all sources. For many organisations, carbon offsetting can be an important part of this overall strategy. In this blog post, we will discuss the role of carbon offsetting in achieving net zero status and why it should be part of your overall plan.
Carbon offsetting can play a crucial role in tackling the long tail of carbon emissions associated with operations and supply chains. It effectively offsets operational emissions while supporting environmental projects such as reforestation, renewable energy generation, waste management, and community development initiatives. This helps organisations to accelerate their progress towards net zero and reduce their overall carbon footprint.
Scope 1 emissions
Scope 1 emissions are the direct emissions that your activities create – like the exhaust from the car you drive, or for a business, the trucks it drives to transport its products from one place to another or the generators or heating plant it might run.
Scope 2 emissions
Scope 2 emissions are indirect emissions that come from the production of electricity or heat. This includes traditional energy sources like the ones that light up your home or power buildings owned by a business.
Scope 3 emissions
Scope 3 emissions are all other indirect emissions that are not captured in Scope 1 and Scope 2. This includes things like the emissions from the goods and services you purchase, the flights you take, or the waste you produce. Addressing Scope 3 emissions can be a challenge for organisations because it requires looking beyond their own operations and supply chains and addressing the emissions associated with their suppliers and customers. A company’s Scope 3 emissions are typically much higher than the sum of its Scope 1 and 2 emissions.
Ultimately, when it comes to achieving net zero status, carbon offsetting should be seen as an important part of the overall strategy. It can help to reduce emissions quickly and supports organisations in reaching their sustainability goals. Moreover, it has the potential to create positive environmental and social impacts which will help build a better future for us all