Muhammad Usama Khan’s Post

🌍 Corporate Sustainability: Measuring Emissions with Scopes 1, 2, and 3 🌿 Transitioning to a low-carbon economy is an environmental necessity and a significant business opportunity. Accurately measuring greenhouse gas emissions is the first crucial step. Here's how a company can establish its emissions based on Scopes 1, 2, and 3: 🔍 Scope 1: Direct emissions: These are emissions released directly from the activities controlled by the company, such as: - Combustion of fuels in boilers, furnaces, and company vehicles. - Industrial production processes. 📊 How to measure: Use gas meters, fuel records, and other direct monitoring tools. 🔌 Scope 2: Indirect emissions from energy: These involve emissions from the production of energy purchased and consumed by the company, like electricity, heating, and cooling. 📊 How to measure: Analyze energy bills and use standard emission factors to convert energy consumption into CO2 equivalent. 🌐 Scope 3: Other indirect emissions: This scope includes all other indirect emissions occurring upstream and downstream in the company’s value chain. These include: - Business travel. - Purchase of goods and services. 📊 How to measure: It is crucial to collaborate with suppliers and partners to gather data using estimation models and available emission calculation tools. 🔧 Strategies for Monitoring Technology and Tools: Adopt emission management software that automates data collection and analysis. Training and Awareness: Educate staff on the importance of emission monitoring and provide training on collecting accurate data. Collaboration with Partners: Work closely with suppliers and customers to obtain comprehensive and accurate data on indirect emissions. 📈 Benefits of Transparency - Enhanced corporate reputation and attraction of sustainability-focused investors. - Compliance with evolving environmental regulations. - Identification of opportunities to improve efficiency and reduce operational costs. Accurately measuring your emissions is a smart practice and a strategic step towards a sustainable future. 🌟 #CO2Offset #Sustainability #Emissions #Scope123 #GreenBusiness #Environment #CSR

Measurement is crucial, but action is what matters most. That's why we've launched our "Done for You" service where Small99 measure your footprint and produce a full carbon reduction plan to Net Zero and beyond. A strong plan to reduce your carbon footprint is becoming essential to win contracts and show customers you're serious about sustainability. Get a carbon footprint assessment and a custom carbon reduction plan, delivered in an easy-to-understand document for internal & external use. All supplied in line with SBTi, PPN0621 formats as needed. 👣 Small99's carbon footprinting consultancy empowers you to: - Meet supply chain requirements - Become an industry leader in sustainability - Focus on running your business, while we handle the details 🔎 We equip your team with the tools to: - Engage suppliers and customers in your sustainability journey - Transparently report on your progress Let's turn your climate goals into reality! Find out more: https://lnkd.in/ehHu-g5Q

ESRS reporting for factories using RS Production Starting in 2025, companies with over €50 million in revenue must disclose sustainability-related information under the European Sustainability Reporting Standards (ESRS). This initiative, part of the EU's Corporate Sustainability Reporting Directive (CSRD), aims to boost transparency in environmental, social, and governance (ESG) practices. 👉 What is ESRS? ESRS enforces comprehensive disclosures on ESG matters, amplifying transparency, comparability, and accountability. This fosters sustainable investment and advocates for responsible business conduct, offering companies a clear advantage. 👉 Focus on Climate Change (ESRS E1) Manufacturing companies must report on: • Energy consumption: Total energy use, including renewable energy. • GHG emissions: Direct (Scope 1) and indirect (Scope 2), and potentially other indirect emissions (Scope 3). • Climate change mitigation: Initiatives to reduce energy use and emissions. These disclosures help stakeholders evaluate companies' environmental impact and sustainability efforts. Get ready to embrace transparency and drive sustainable practices! RS Production has the capabilities to help out. Take advantage of our deeper dive into the Sustainable factory. #ESG #ESRS #CSRD #OEE https://lnkd.in/dxiBAdQa

A Very good morning all. Yesterday we started this discussion on the carbon footprint. We explained what carbon footprint print is and types. you can look through my timeline to read it. Now concerning how to measure your carbon footprint, I will do my best to make it as simple as possible. So what can you do? 1. First determine the activities (source) that contribute to your carbon footprint, such as: a. Energy consumption (electricity, gas, oil) b. Transportation (driving, flying, public transport) b. Waste generation and consumer goods and services 2. Gather data on your activities, you must be able to translate it to numbers so check Energy bills, Travel distances and modes, Food purchases, how you dispose Waste etc. 3. Apply emission factors to your data to estimate GHG emissions ( also known as conversion factors, emission factors are coefficients that describe the rate at which a given activity releases greenhouse gases (GHGs) into the atmosphere. They are used to convert an activity into CO2e (CO2 equivalent), expressed in kg (kilograms) or t (tonne/metric ton) . CO2 has EF 1). Emission factors are available from reliable sources, such as Government agencies, Research institutions and Online carbon calculators 4. Multiply your activity data by the corresponding emission factors to estimate your GHG emissions. 5. Convert your emissions to carbon dioxide equivalent (CO2e) to account for different GHGs. 6. Group your emissions by category for instance energy, transportation, food etc. to identify areas for reduction. 7. Based on your analysis, set realistic targets for reducing your carbon footprint. 8. Track your progress using any suitable tool, and adjust your behaviors and targets as you progress. You can apply the PDCA circle. You can refer to some online calculators like carbonfootprint.com https://lnkd.in/ddsBhgKS or https://lnkd.in/dE3tA9aR. Or You can use Excel to create yours What more can you do? The final series on this topic will be on how to reduce your carbon footprint. stay tuned. picture credits. M&IT

Understanding Scope 3 Emissions in the Marine Industry Scope 3 emissions, indirect emissions from fuel production, transportation, and end-of-life disposal, are the largest contributors to a company's carbon footprint. Challenges: 1. Difficulty tracking indirect emissions 2. Data inaccuracies from global suppliers and logistics partners 3. Variations in emission factors Solutions: 1. Supplier Collaboration: Engage suppliers for accurate data and sustainable practices 2. Optimized Shipping Logistics: Improve fuel efficiency through route optimization and cargo consolidation 3. Alternative Fuels: Adopt biofuels, hydrogen, or low-carbon alternatives 4. Lifecycle Assessment (LCA) Integration: Assess full environmental impact of materials and shipbuilding 5. Circular Economy Practices: Focus on recycling and reusing materials 6. Data Management and Tracking: Invest in digital tools for real-time emissions tracking Benefits: 1. Decarbonized operations 2. Improved sustainability profile 3. Enhanced supply chain resilience 4. Better brand reputation 5. Alignment with international climate goals

Reporting #Greenhouse #Gases Scope 1 and 2 emissions is not sufficient: 🚫📊 Neglecting Scope 3 emissions can lead to an incomplete representation of a company's carbon footprint and hinder the evaluation of climate-related risks and opportunities. 🔑 Scope 3 emissions are as important as direct emissions: 💼🌍 They dominate the bulk of the economy and hold equal, if not greater, importance than direct emissions. 📈 Calculating and measuring Scope 3 emissions is not challenging or unaffordable: 💻💰 Modern advancements and emissions management software have made quantifying Scope 3 emissions more accessible and efficient. 🔍 Businesses across the value chain should share their data: 🤝📊 Transparency is increasingly valued, and collaborating with transparent organizations can help obtain the necessary data for Scope 3 emissions reporting. ⏳ Scope 3 reporting should not be postponed: 📉 It can hinder the formulation of a net-zero strategy and risk reputational damage. 🏢 Same-size companies in the same industries don't have the same Scope 3 emissions: 📊🔄 Competitors can have different Scope 3 emissions profiles due to variations in supply chain strategies. ⚙️ Technology can help reduce carbon emissions: 💡🌍 It plays a crucial role in quantifying and guiding carbon reduction strategies, offering efficiency and effectiveness in setting benchmarks and targets. 💹 Calculating Scope 3 emissions does not promote double and triple counting: 📈✅ Emissions management platforms like Net0 minimize the risk of double accounting by automating the offsetting process and providing itemized reports. 💰 There is a return on investment (ROI) in reporting Scope 3 emissions: 💼📈 Conveying net-zero efforts is essential for stakeholders, as investors and consumers increasingly prioritize sustainability. 🌿 The business will look eco-friendly by documenting emissions: 🌍❌📊 Transparency and comprehensive data are valued by stakeholders, and documenting emissions allows for risk identification and informed decision-making. Source: https://lnkd.in/gzxq2CF9

Scope 1, 2, and 3 emissions are greenhouse gases that are released across an organization’s entire value chain. Scope 3 emissions are the most complex and “funnier” to estimate, as they are released before and after a product is delivered or consumed. Learn more about this key concept for #sustainability in the article by McKinsey & Company below 👇 #emissions #esg #yddoESG

🌱 Understanding Scope 1 Emissions: A Key Component of Corporate Sustainability 🌍 In our journey towards a more sustainable future, it's crucial for businesses of all sizes to recognize their role in climate change mitigation. A fundamental aspect of this is understanding and managing Scope 1 emissions – the direct greenhouse gas emissions from sources a company owns or controls. 🔍 What are Scope 1 Emissions? Scope 1 emissions include direct emissions from company-operated facilities, vehicles, and industrial processes. They are a significant part of a company's carbon footprint, especially in sectors like manufacturing, transportation, and mining. 🌟 Why Focus on Scope 1? These emissions are under a company's direct control, making them a critical target for reducing their overall carbon impact. Addressing these emissions is not just about environmental responsibility; it's about enhancing business operations and adapting to an evolving landscape. 📊 Identifying and Reducing Scope 1 Emissions To effectively manage these emissions, companies need to: 1. Identify direct emission sources. 2. Implement energy-efficient practices and technologies. 3. Switch to renewable energy sources. 4. Optimize production processes. 5. Adopt electric vehicles. 6. Collaborate with suppliers for sustainable practices. 7. Consider carbon offsetting for remaining emissions. 🌿 The Path Forward Understanding and mitigating Scope 1 emissions is a vital step in a company's sustainability journey. It's about being responsible stewards of our planet and adapting business strategies for long-term success. The task is challenging, but the rewards - both for our environment and for businesses - are substantial. 💡 Let's discuss! How is your company addressing its Scope 1 emissions? Share your strategies and insights below. #sustainability #decarbonization #scope1 #netzero

“New emissions regulations in the U.S., such as the Securities and Exchange Commission’s recent climate disclosure rule, as well as eco-conscious consumer sentiments, are increasingly tying a company’s long-term performance to its ability to reduce emissions… Digitalization can optimize energy consumption, improve product yield and optimize performance.” https://lnkd.in/eFTg_Vyg Sustainserv helps companies break down planning, performance management and monitoring efforts into clear, actionable tasks. Learn more: https://lnkd.in/ggtqwkfY

CARBON MARKET, CARBON CREDIT, AND OFFSET Brief overview of each term related to carbon emissions and sustainability CARBON CREDITS - Definition: A carbon credit represents a permit that allows the holder to emit one ton of carbon dioxide (CO2) or an equivalent amount of other greenhouse gases. - Purpose: The aim is to reduce overall emissions by putting a price on carbon, incentivizing businesses to lower their emissions. CARBON MARKET - Definition: A carbon market is a trading system where carbon credits are bought and sold. It can be regulated (cap-and-trade systems) or voluntary. - Purpose: This market facilitates the reduction of greenhouse gases by allowing countries or companies that reduce their emissions to sell their excess credits to those that need to offset their emissions. OFFSET - Definition An offset refers to a reduction in emissions of CO2 or other greenhouse gases made in order to compensate for emissions produced elsewhere. - Types: Offsets can be achieved through various projects such as reforestation, renewable energy generation, or energy efficiency improvements. - Use: Companies often purchase offsets to meet regulatory requirements or to voluntarily enhance their sustainability efforts. These components are essential in global strategies for combating climate change and transitioning to a more sustainable economy.