Define short-term & long-term commitment

Cost
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Cost
MEDIUM
Cost
HIGH
EFFORT
low
EFFORT
medium
EFFORT
HIGH
IMPACT
low
IMPACT
MEDIUM
IMPACT
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Once you have a better understanding of your company's carbon footprint, define a strategy to achieve net-zero carbon emissions with interim (2030) and long-term (2050) targets in line with your industry's 1.5°C roadmap.  Now that you know which part of your business (including upstream and downstream) has the greatest impact on climate change, you can work on your reduction strategy and prioritise actions based on the level of impact and difficulty of implementation.

Benchmarking against peers can provide suggestions for realistic reduction targets to drive your company's strategy in line with the state of the art in your sector.

According to the Science-based Targets Initiative - SBTi, two conditions must be met for companies to reach a state of net-zero emissions:

  1. Achieve a level of emissions reduction in the value chain that is consistent with the depth of abatement achieved in pathways that limit warming to 1.5°C with no or limited overshoot
  2. Neutralise the impact of any remaining sources of emissions that cannot be eliminated by permanently removing an equivalent amount of atmospheric carbon dioxide.

To increase the likelihood of success,

  • Identify champions within your team, they will help you drive change and are critical to collecting accurate data.
  • Set aside some budget, although the ROI will come later, the initial investment is critical to driving structural change.
  • Allocate sufficient resources, hire experts to drive the analysis and help you identify the key challenges to be addressed, and give your internal champions time to embed the strategy.
  • Make it an overall KPI, once the target is set, to fully engage your teams at all levels.

You can browse The Matcha Initiative's Carbon Reduction Strategy overview and The Matcha Initiative's carbon reductions solutions for a specific topic. Get support! For example, the Matcha Initiative Team and The Matcha Initiative Buddies can provide advice, guidance and support in implementing your sustainability strategy.

Remember, reducing your greenhouse gas emissions is not only good for the environment, it can also help you save money and improve your competitiveness.

An easy tool to use: The Net Zero Roadmap Tracking Template. (download it here in excel format)

Note: Your carbon management roadmap needs to be fully integrated into your overall business strategy, so you need to build your commitments accordingly.

50% decrease

in GHG emission by 2030 is needed to meet Paris Agreement
(IPCC's estimate)

100 USD / tCO2 avoided

is the marginal cost of solutions to reach Paris Agreement
(IPCC's estimate)