The scoop: You can’t improve what you can’t measure. An organization must accurately measure GHG emissions and carbon footprint to improve its environmental sustainability outlook.
Here’s an interesting set of stats:
99% of F500 companies report being “sustainability-conscious” or mention it as a priority in their goal statements.
A little over 60% made commitments to reduce emissions with varying degrees of comprehensiveness. A common goal is to reach carbon neutrality by 2050, yet most companies don’t have decarbonization roadmaps or intermediary reduction targets.
And less than 15% set long-term and short-term reduction targets in line with corporate standards derived from the latest climate science.
These numbers tell a straightforward story. Sustainability gets a lot of lip service, but most businesses haven’t invested time and money into this objective. Creating a carbon footprint baseline is a high-impact first step in any organization’s sustainability journey, and this exercise achieves diverse goals within profitability and risk management.
Emissions accounting terminology may seem complex, but by the end of this article, we’ll find that the foundations of GHG emissions accounting are relatively intuitive. It’s just a matter of breaking up different impact areas of an organization into smaller, digestible bites.
Dig deeper → 5 min
The scoop: Cycling is a simple but effective way for individuals to reduce their carbon footprint. On a larger scale, cycling is an important tool in fulfilling the UN's Sustainable Development Goals (SDGs).
Facts and figures:
- 50% of all deliveries in metro areas can be completed by bicycle.
- Switching from a car to a bicycle saves 150g of CO₂ per kilometer. (UNEP)
- A 2015 Institute for Transportation and Development Policy study concluded that a dramatic increase (about 20%) in cycling worldwide could “cut carbon dioxide emissions from urban passenger transport by nearly 11 percent in 2050.” (bicycling.com)
- In 2019, direct greenhouse gas (GHG) emissions from the transport sector accounted for 23% of global energy-related CO2 emissions, with 70% of direct transport emissions coming from road vehicles. Case studies suggest that active mobility like walking and cycling could reduce emissions from urban transport by up to 10%. (UCI)
Bottom line: Cycling allows individuals to lead a healthier, more sustainable lifestyle. And when an entire society adopts cycling, it can profoundly impact the climate.
Dig deeper → 4 min
The scoop: New construction needs to prioritize sustainable practices to prevent an energy crisis in the future. Real estate investors are starting to take notice.
Facts and figures:
- The World Economic Forum reports that over 37% of global emissions in 2020 came from buildings. And not just new construction: 69% of those emissions stemmed from operating existing buildings.
- Investment in the energy efficiency of buildings continues to climb. It reached more than $180 billion in 2020, up 11% from the previous year.
- New sustainable buildings alone will present a $24.7 trillion investment opportunity in emerging markets by 2030.
Bottom line: Investors are and will always be driven by returns. But the private sector is starting to realize the necessary risk assessment and tax burdens associated with energy-sucking real estate. Green building is the future.
Dig deeper → 3 min
Ethical Clothing founders Ben Heinkel and Jack Hesketh had the same problem, so they built a solution. Meet the new ethical and sustainable clothing search engine Ethical Clothing, a platform built for sustainable shopping.
Ethical Clothing focuses on ethical brands, helping eco-conscious shoppers quickly search and filter for sustainable clothing.
Dig deeper → 5 min
A scientific process called desalination could help solve a looming water crisis.
With a higher demand for freshwater, a growing population will continue to pressure natural freshwater resources. Today, 1 in 9 people already lack access to safe water. If current water consumption trends persist, the demand for water will exceed supply by 40% in 2030.
Only 0.7% of Earth’s water is readily accessible as freshwater and 96.5% of it is saltwater. Through the process of desalination, scientists can turn saltwater into safe, drinking water. This process is either thermal-based (solar desalination) or membrane-based (reverse osmosis).
Why not implement desalination worldwide? There are environmental and economic challenges. For example, brine, the concentrated salt byproduct of desalination plants, is known to disrupt ocean ecosystems. But path to more sustainable alternatives exist.
If global water scarcity worsens, sustainable desalination plants can help provide fresh, potable water to vulnerable populations across the world.
Dig deeper → 2 min