Massive Tides are here to unravel a new System of Trading, both at the national and the global level. There is no escape from this uproar, therefore it is time to realign your business vision in this direction. Sustainability in business has become more of an imperative narrative for enterprises to start paying heed to before the government sets a mandate upon the current voluntary carbon trade solutions.
Sustainability in Business is still a far-fetched concept in important business circles, therefore this piece attempts to ease the process of thinking about Sustainability!
KEEPING UP WITH THE ESG TRENDS & NEWS.
If you are not in tandem with the trends, you will lag behind! The trending landscapes are changing rapidly. The new mandates in the export industry in the EU, and the US about carbon disclosures and the recent news of India creating its own National Carbon Trade Market starting in 2023 are all signs of a uni-directional movement- Towards Sustainability.
DETERMINATION OF PARAMETERS TO MINIMISE GREENWASHING SCRUTINY
To be able to retain a responsible reputation in the market, in the next 3 years all companies will turn gears towards a holistic ESG-led Enterprising. Time is of the essence, it’d be prudent to understand what upcoming/existing protocols (ESG, SDG, COP27, India’s Carbon Trade Market, etc.) affect you primarily. This will help you generate appropriate stances to make a Solid Strategy.
COLLATING NUMBERS FOR A HOLISTIC EMISSION FACTOR ANALYSIS.
Once you are on this path, you must administer accuracy to reach a beneficial destination. This is primarily ensured by correct data collection & an error-free accounting of your emissions and other ESG-based parameters. Without a scientific methodology, even a legitimate intention becomes redundant. Choose premium tech support, Reduce Fallacies.
IDENTIFYING HOTSPOTS. CONDUCT LCA’S. FILLING IN LOOPHOLES.
Numbers are punched. Analysis has begun, and cross-tabbing is now suggested. The report is out. The Report will indicate very clearly which department needs attention. Pay attention to that, this deep dive into data will help you very closely understand the current standing of your operations and your faultlines. Identify them, build a strategy to fill up the loopholes and gradually move towards Sustainability.
REAPING CIRCULAR BENEFITS!
Once a System of Sustainable Enterprising is set, it is time to find the analytics of growth! I kid you not, in my experience few companies who have done this with us have experienced overall business growth at the top-line by up to 25-30%, revenue growth from 15-30% & profitability hikes by up to 30%.
It is important to note that in current times with the level of devastation that is inbound in our environment, occurring as we speak, it becomes a compulsion for all of us to work towards a holistic future that encompasses tranquillity & health and not wastelands and dystopia.
Therefore, one must make sure to enrich their Carbon Accounting process with expertise, either build for it or find an expert that can lead you out of the Carbon Pitfall.