In this industrial era, with a huge increase in carbon emissions, sustainability has become a crucial part, and many countries are striving to be net-zero emission countries by 2050.
However, I strongly believe that only offsetting carbon will not be sufficient; we constantly need to work on reducing carbon emissions. There is one more concern over offsetting only Scope 1 and Scope 2.
In a lot of cases, what is happening now is that organizations are offsetting scope 1 and scope 2 emissions, whereas 90% of their emissions are from scope 3 sources.
Let me first explain what scope 1, 2, and 3 emissions are in short:
- Scope 1 emissions are direct emissions from sources owned or controlled by a company, such as fuel burned in owned or controlled assets like buildings, vehicles, and equipment.
- Scope 2 emissions are indirect GHG emissions from purchased electricity, steam, heat, and cooling in buildings and production processes.
- Scope 3 emissions encompass all other indirect emissions associated with a company's upstream and downstream operations, such as emissions from business travel, employee commuting, waste generated in operations and waste disposal, purchased goods and services, transportation and distribution tied to suppliers and customers, capital goods, investments, franchises, leased assets, emissions from the use of a product or service sold etc.
Now that we are carbon offsetting scope 1 and scope 2 emissions, even though there are no set rules for consideration of emissions for scope 3, I believe that along with this, we also need to look at Scope 3 emissions.
along with that we also need to work on reducing carbon footprint over the period of time in all scopes if we are aiming to significantly reduce carbon presence.
#sustainability #climatechange #esg #ghg #learning #carbonoffset
