This year has seen a lot of new carbon accounting standards, especially across sectors like real estate, transport, and manufacturing. As governments continue to raise emission reduction targets, accurate measurement and transparent reporting are crucial to show compliance and real progress against credible goals [PWC].
Technology is evolving fast and that’s been seen with carbon-tracking this year. Emerging tools are making it possible to monitor emissions in real time, from AI-driven tools to satellite data [Green Earth]. At NCZ, our Portal has evolved significantly, making it easier and faster for our clients to identify and address their emission sources.
With nearly 90% of emissions for many companies occurring in their supply chains, businesses are being urged more and more to account for their scope 3 emissions [Oliver Wyman]. NCZ’s Supply Chain Compliance Programme is the ideal solution to engaging your suppliers and working towards decarbonising your entire supply chain.
COP29 has also renewed the emphasis on renewable energy sources, with many countries revising targets to increase renewable adoption [World Economic Forum]. Transitioning to cleaner energy sources is a simple way to lower your business’ emissions, which can then be tracked to show progress toward your net zero goals.
The push toward circularity is another key trend, with businesses looking to reduce waste by reusing materials and designing products with longevity in mind. From carbon savings in recycling materials to emissions avoided by cutting down on production, accurately reporting on your business’ carbon emissions makes it easier to track your impact and quantify your reductions [World Economic Forum].
While COP29 serves as a powerful reminder of the urgency of climate action, the responsibility to reduce emissions lies with each of us. For businesses, the path to sustainability may seem complex, but taking small steps towards carbon management today will lay the groundwork for a more resilient, environmentally responsible future.
And that pathway to net zero isn’t a solo journey, it’s one that needs collective action, so are you ready to do your bit?
Start integrating sustainability now into your business, one step at a time with independent third party verification from NCZ.