Climate change has become a pressing issue of the hour. Almost every human action can be linked to some or the other kind of emissions. Scope 2 emissions are one such emission that happens in the industrial sector. The indirect emissions of greenhouse gases are associated with the purchase and consumption of electricity, steam, heating, and cooling. The emissions caused by these activities contribute to the company’s carbon footprint. This is an issue at a global level, and it is the responsibility of each company to reduce carbon emissions and make things right. We are here to fuel your journey towards sustainability and discover the six best practices you can follow to reduce emissions.
How does Hedge5 help in reducing Scope 2 emissions?
Hedge 5 is your partner in your journey towards sustainability. We work with you to reduce the industry’s carbon emissions and contribute to a green future. For that, we have tailored methods according to your needs, such as:
- Understanding value chain: We have advanced analytics to find out the emission hotspots in the value chain, through which the steps for emission reduction can be designed. By state-of-the-art technological solutions and data-driven insights, we craft the best methods to control greenhouse gas emissions.
- Customized methods: We closely study your industry, from which we will get enough data. According to the collected data, we prepare customized solutions that reduce emissions and match your company goals and budget.
- Budget alignment: We ensure to work according to your budget. Efficient emission reduction methods within your budget without compromising quality and effectiveness are one of our qualities.
- Impact: We aim to reduce emissions for sustainability. By collaborating with us, you are also contributing to this mission. While it is beneficial to the environment, it contributes to your industry as well.
- Efficiency: By integrating robust monitoring and evaluation systems, we ensure the efficiency of data. Your organization’s emissions can be tracked with precision and the progress analyzed. This also helps in improving and altering the strategies for better performance.
Steps to Reduce Scope 2 Emissions
- Measure and verify emissions: The first step to reduce carbon emissions is to find out the amount of it. We can analyze the amount of emission and the emission hotspots and plan according to the data. This will enhance the accuracy in curating the steps to be followed in reducing carbon footprint.
- Set emission reduction targets: Once the emission levels are measured, it gives us clarity on how much should be done to mitigate it. We can prepare a target according to the emission levels and the goals for emission reduction. Specific goals will help us work towards them and achieve them in no time. It gives an insight into the future and hence long-term planning.
- Renewable energy: Shifting to renewable energy can cut down on emissions rapidly. Purchasing renewable energy rather than relying on fossil fuels or on-site production of renewable energy is also beneficial. Installing solar panels, producing biogas, and using battery storage systems will reduce emissions and make the industrial process sustainable.
- Increase energy efficiency: Careful use of energy resources can reduce emissions and energy wastage. By optimizing the manufacturing and production facilities, you can ensure efficiency without affecting quality. Installing timers, sensors, energy-efficient electronic equipment, and HVAC systems will improve efficiency while reducing carbon footprint.
- Renewable energy certificates: If your company doesn’t have direct access to renewable energy, you can invest in Renewable Energy Certificates (RECs). RECs allow companies to buy and sell renewable energy. If you produce excess energy, you can sell it to other companies, which will lead them to use renewable energy and reduce greenhouse gas emissions.
- Carbon offsetting: This is a carbon trading mechanism that allows your companies to invest in projects that reduce carbon emissions. By investing in carbon offset, you are reducing the emissions somewhere else, which not only reduces emissions but also represents your commitment to the environment.
Conclusion
Reducing scope 2 emissions is necessary for addressing climate change and its aftereffects. We should be responsible for our actions, and it is our responsibility to contribute to a sustainable future. Mitigating greenhouse gas emissions and reducing carbon footprints will also improve your company’s reputation; this shows that you are working on a strong foundation of principles.