There’s no doubt about it- global warming is happening, and global emissions are continuing to rise. In October 2018, the International Panel on Climate Change (IPCC) released an updated version of its Special Report on Global Warming, describing the importance of immediate and far-reaching action to reduce greenhouse gases. Continue reading to learn how business plays a crucial role in slowing global warming.
The IPCC’s report advises that the severity of climate-related risks increases when the planetary temperature reaches above 1.5 degrees Celsius. However, previous guidance, including the thresholds set by the Science-Based Targets Initiative (SBTi), was based on a 2-degree Celsius rise. While a reduction of .5 degrees seems minor, it’s a change that will have a significant impact on the timeline for climate action.
The good news is that the strategies and technologies needed to reduce emissions are already available, and businesses and institutions will play a leading role in adopting these solutions. Companies are the most likely to innovate and bring effective services and tools to market. As of December 2018, nearly 500 companies have already committed to reducing their emissions in line with the previous two-degree target through SBTi. Also, a report from the Energy Transitions Commission found that even the heaviest emitters, such as steel and aluminum, have the means to dramatically reduce emissions through efficiency and demand management programs.
Three ways that companies can act in alignment with the IPCC findings include: switching to renewable electricity, reducing energy and resource consumption through efficiency programs, and managing demand through circularity. If your business is an SBTi signatory or renewable energy leader, it’s essential to exercise your material influence by encouraging your supply chain partners and competitors to set SBTs. Also, you should be planning to adapt to the changes of COP24, an international gathering of global leaders dedicated to acting on climate change, that took place in December.
If you haven’t yet set an SBT, know that the initiative is a leading indicator for investors of climate change preparedness. The more you understand your emissions pathway, the greater your understanding is of where you are exposed to future legislation, market forces, investor pressures, and more.
Schneider Electric’s Environmental Strategy
Schneider Electric knows that meaningful action is the only way to address climate change. Our environmental strategy is driven by global warming trends, including limiting global warming to +2 degrees Celsius by halving all C02 emissions by 2050, protecting health and the environment from chemical substances and pollution risks, and the need for a more Circular economy.
Our six pillars of environmental strategy include: deploying low CO2 and resource-efficient strategies, building an increasingly green supply chain, working towards zero waste, promoting green attributes, implementing a circular economy, and strengthening our environmental governance. At Schneider Electric, we know that seeking environmental excellence is good for business, as it helps to ensure long-term viability, competitiveness, and resilience.
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At Critical Systems, the people come first, from our employees to our customers. We strive to attract and develop the best talent in the business. Our goal is to deliver innovative solutions for the purpose of making every building secure, efficient, and effectively managed. Serving the Washington D.C., Northern Virginia, and Baltimore regions, SEBCSI provides innovative solutions for your commercial building or facility. Visit our website and follow us on Facebook, Twitter, Instagram, and LinkedIn today! If you’re looking for more information or interested in working with us on your next project, please contact us!