As COP29 draws to a close, one key theme has stood out and that is the call for collective action. Yes, global leaders have been debating policy and targets to address climate change worldwide, but what does this actually mean for your business?

How can you turn these discussions into meaningful steps towards managing your carbon emissions and embedding sustainability within your operations?

Here are 3 practical steps your business can take to have a meaningful impact…

• Measure your carbon footprint: Understanding your current emissions is the foundation of any sustainability strategy. Try our FREE Carbon Calculator, or let us report on your footprint, to identify key areas where your business can reduce emissions. Having these insights enables you to set realistic, measurable targets for improvement.
• Set clear, achievable goals: Ambitious targets are inspiring, but starting with an achievable, incremental goals is crucial. For instance, a goal to reduce energy use by 5-10% each year may seem small but compounds over time and success against your goals will motivate the team, build momentum, and demonstrate progress to your stakeholders.
• Invest in energy-efficient technology: Implementing smart solutions, such as energy-efficient heating, LED lighting, or automated controls for electricity, can reduce consumption and operating costs. Even small changes, like switching to renewable energy sources or optimising heating and cooling systems, can have a significant impact on your carbon footprint.

And here are some of the key trends we’re seeing across the industry as a whole…

1. Policy shifts, meaning more standards and higher expectations

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].

 

2. Innovations in carbon tracking technologies

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.

 

3. Supply chain emissions and scope 3 accountability

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.

 

4. Renewable energy shifts

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.

 

5. Circular economy trends

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?

Get in touch today to discuss your next step…