Net Zero Strategy
Developing a strategic approach towards decarbonization is a key opportunity for every company.
Companies from every sector are under continuous pressure to develop a comprehensive strategic approach towards reducing emissions to achieve net zero goals. With stringent requirements from customers, suppliers and investors, implementing a proactive approach towards net zero with ‘science-based’ targets is necessary to remain commercially competitive and meet industry expectations.
What are the key factors to consider in a Net Zero Strategy?
Each company faces unique opportunities and barriers in tackling long-term decarbonization. Understanding individual markets and available decarbonization technologies across international portfolios is an important first step. NUS’s global experts assess the specific market conditions and opportunities to identify available decarbonization options. This incorporates the assessment of a range of decarbonization measures, including Energy Attribute Certificates (EACs), renewable supply contracts, on-site generation, energy efficiency, heat pumps, electrification, and Power Purchase Agreements (PPAs).
What are the steps within a Net Zero Strategy?
- Alignment and Orientation: provide stakeholders with an overview of the sustainability landscape, trends and market drivers, including assessment of industry and competitor sustainability commitments.
- Carbon Footprint and Target-Setting: collect data and quantify emissions for Scope 1, 2 and 3 categories to produce a baseline. Develop suitable ‘science-based’ targets and decarbonization milestones.
- Decarbonization Roadmap: develop a detailed action plan (complete with carbon and financial modelling) to achieve decarbonization targets.
- Roadmap Implementation: implement the Decarbonization Roadmap across the company through the installation and procurement of the selected decarbonization levers.
- Monitor and Update: track and monitor carbon emissions to ensure the decarbonization levers are achieving the stated carbon reduction targets.
How does NUS produce bespoke action plans?
NUS have extensive experience in delivering Net Zero strategies to companies with global operations from a variety of industries. NUS’s decarbonization action plans include a full breakdown of carbon savings and financial costs at the site level to detail the carbon reduction benefits of decarbonization levers alongside annual costs. Our team of experts can guide your company through every stage of the journey to net zero, from understanding the baseline position to the practical implementation of decarbonization levers.