Carbon Reduction Makes Sense for Business
The Carbon Disclosure Project (CDP) is a not-for-profit organization funded by governments and large corporate entities such as Microsoft and SAP. The purpose of the organization is to promote carbon reporting and assisting companies with putting a framework together to help with reporting.
The CPD just published its S&P 500 report. In this year’s report more S&P 500 companies reported their emissions up from 52% in 2009 to 59% in 2010.
The survey found that 70% of respondents plan to capitalize on opportunities related to climate change indicating that they see the value in carbon reduction strategies from both reducing costs and assisting in selling products or services. The survey found that 93% of the S&P 500 companies will be incorporating climate change risks or opportunities into there overall business strategy.
The survey also noted that outside the S&P 500 only 35% of companies are planning on integrating climate change risks or opportunities into their overall business strategy.
So what does the survey tell us about companies that are reporting and acting on carbon deduction programs? These companies are realizing opportunities by doing the following:
- measuring carbon footprint
- executing measures to reduce carbon footprint including:
- Making operations more efficient by utilizing energy efficient lighting and heating in buildings
- Reducing the dimension of packaging to reduce the amount of freight and components
- Designing eco-friendly products that are lighter and more power efficient.
- Disclosing their carbon reduction efforts
The survey overall is promising and shows that the leading companies in the world are taking measures to report and reduce carbon in their businesses.
How does your company measure its carbon footprint? What actions are you taking, or planning to take, to reduce your carbon footprint?