We are going net zero!

In order to vigorously pursue the Paris climate targets, in particular the 1.5°C target, it is necessary for all industrial and commercial enterprises to become aware of their own overall CO2 footprints.

 

In the future, CO2 accounting must be as meticulously precise and integrated into business processes as financial accounting currently is. At least it should be!

 

Determining one's own footprint according to the GHG (Green House Gas) protocol and ISO14064 on Scope 1 and 2 is a first step, but only part of the necessary path. Scope 3 with its 15 sub-categories is considered the real challenge. Only when these categories and their scope or impact are known and understood in detail can targeted measures for avoidance and reduction be taken. Carbon management is about taking action to measure and manage greenhouse gas emissions within your organization and extending emissions reductions throughout your supply chain. Climate accounting is the systematic recording, monetary and non-monetary evaluation and monitoring of direct and indirect emissions of CO2 and other greenhouse gases in a standardized procedure.

 

Results

 

In many industries, Scope 3 emissions account for a very large share of total emissions. However, many companies only partially, if at all, include these emissions in their net zero targets.

 

This approach is potentially confusing and frustrating, but from an entrepreneur's perspective, it is also impossible to settle for this partial knowledge and ignore the large reduction potentials. Entrepreneurs should know what types of emissions they produce overall, and therefore which ones are included in net-zero targets, and whether the numbers relevant to those targets are then actually disclosed transparently by companies.

 

With the completed "Net Zero" project, SynCraft shows the way in which SMEs can also arrive at meaningful statements about their footprint. By documenting the approach, findings and results in detail, the project will serve as a role model for other companies and regions.

 

With the "Net Zero" project, SynCraft also more than meets the requirement for transparent disclosure of CO2 emissions. The announcement is made through this fact sheet and through the video series as well as through the presentation "Syncraft Net Zero - Our Way" at selected events.

 

Planned reduction measures based on the calculations (selected examples):

 

Offset Scope 1 and 2 by retiring the aliquot amount of carbon credits based on plant carbon.

Measures in the area of the largest emission sources in Scope 3, such as material selection, supplier discussions, etc.

Detailed analysis and action plan for the purchased materials that cause the largest footprint (metals, especially steel).

Obtain information from suppliers on emissions in the upstream chain and (attempt to) commit to reducing these emissions.

Create understanding of plant carbon from power plants through active participation in stakeholder groups

Continue to purchase e-vehicles

Analysis to reduce emissions from logistics/transports

Create incentives for MA to travel by public transport.