How Can Companies Help Fight Climate Change?

By Mariliana Fotopoulou Thursday, July 23, 2020

A study by Ember has shown that last year, electricity generation from coal fell by 3%, and carbon dioxide emissions from the power sector dropped 2%. The European Union (EU) led the way by reducing coal use by 24%, while China’s use of fuel grew.

Although this is the biggest fall since 1990, declining coal is not yet “the new normal.” To keep global warming below the targeted 1.5 degrees, global use of coal will need to drop 11% per year until the year 2030.

As the world continues the fight against climate change, here are some actions that companies can put in place to ensure they play their part in the fight against global warming.

Analyze Greenhouse Gas Emissions

The first step for companies wanting to reduce the impact on the environment and reduce climate change is to measure its greenhouse gas emissions (GHG). For this to happen, companies can source carbon footprint certified agencies to help measure their CO2 emissions.

Once these GHG emissions are known, they are analyzed to see which activities are the highest pollutants. Once the analysis is done, companies can begin the process of finding solutions to reduce their emissions.

Try Renewable Energies

In recent years, more individuals are choosing to use renewable energy. This switch from traditional energy sources could also be a viable solution for many businesses.

Popular suppliers such as First Solar aim to provide 100% renewable energy to communities while ensuring a low cost and relevant technology.

Reduce Energy Consumption

Energy saving is key in the fight against climate change. Turning off office lights during nonwork hours, lowering heat or air conditioning, or unplugging devices when not in use can go a long way.

Businesses can also slightly reduce energy consumption by paying more attention to other daily routine actions, thus reducing their impact on the climate. Buying energy-efficient equipment is one such option.

Opt for Greener Infrastructure and Equipment

By choosing more environment-friendly infrastructure and equipment, companies can reduce their carbon footprint. If your business uses company cars, you can set up hybrid vehicles for employees.

Or, when the time comes for new office equipment such as printers, air conditioners, laptops, or bulbs, consider choosing the most efficient and sustainable ones.

Choose Sustainable Suppliers

Every company has a responsibility to choose an environmentally-friendly supplier. These suppliers should be able to demonstrate that they have good environmental practice, such as proof that they dispose of waste correctly.

Look for suppliers with certifications such as Certified B Corporation, which is a title given to businesses that meet high social and environmental standards in their daily operations.

Reduce Waste

Reducing waste generated by a company is another way to reduce the climate footprint of a business. This can be anything from industrial waste to paper water. Your company can adopt recycling and sorting of waste and integrate this as part of your core business practices. This will also let employees make suggestions and adopt an eco-entrepreneur mindset.

Optimize Employee Transportation

Transportation is considered one of the largest sectors of greenhouse gas emissions. Companies can encourage employees to take public transit or carpool with other colleagues that live closeby. This can significantly reduce companies' indirect CO2 emissions and their impact on climate change.

Mobilize for Climate Change Policies

The role of companies can also be political. At the regional or national level, companies that want to fight climate change must be militant. By pushing politicians and the public sector to act on climate change, they can have a huge influence. Active companies can lead to new environmental regulations that can have a significant impact on global warming.

We have already seen the effects of global warming with aggravated weather and witnessed the worst droughts and dust storms, and alternating unseasonably cold and warm winters. It is in the hands of the world’s businesses to help protect the planet.

About the Author

Mariliana Fotopoulou

Mariliana has an MSC in consumer analytics and business strategy. She has a special interest in fast-moving industries and big data.

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