How GHG Reporting Helps Businesses
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Today’s consumer is more environmentally aware than ever before. Not only have they embraced green practices at home and in their own lives, but they also want the products they buy to be earth-friendly as well. To build trust with the public and improve the bottom line, it’s wise to make your greenhouse gas reporting process as transparent as possible.
There are three aspects of emissions linked to climate change that need to be addressed when compiling information for the report.
- Direct emission sources. These include anything used to generate power, such as diesel generators, as well as any vehicles operated by the company.
- Indirect emissions are from off-site sources and include the emissions required to provide power to your building.
- Other indirect sources don’t necessarily need to be accounted for, but the best practice is to include them. Emissions from shipping, such as the fuel burned by ships and transports to get a product to retailers, is considered an indirect source, for example. Employee transportation emissions are also considered indirect sources.
When it comes to telling investors and the public about the company’s impact on the environment, it may be tempting to disclose only what is necessary while leaving out the optional items. But in this age of corporate accountability and environmental sustainability, it is best to disclose everything. For those in the Toronto area, this includes full additional disclosure in ChemTRAC Reporting.
This transparency is also appreciated by investors, who may be more willing to invest in a company that pays close attention to its impact on the environment. There are other benefits, as well.
- It will make the company look good, for starters. If this is the first time reporting, you can involve the public relations department to tell the world of your new, greener outlook.
- Increase efficiency in your business. Keeping a close eye on emissions will force you to manage power consumption and lower waste as the company seeks to lower emissions.
- Improve sustainability. While this is good for the environment, it’s also good for the finances, as investors tend to appreciate efforts to become more sustainable. Making the company better prepared for the long term and measuring ecological impacts through transparent processes are viewed favorably by today’s shareholders.
- It’s not expensive. Greenhouse gas reporting is not a cost-intensive process. There are ways to make it cost-neutral. In fact, the work may identify ways to actually save money by eliminating unnecessary power consumption.
Climate change and the issues surrounding it are important, but they’re not the only source of concern for environmentally conscious companies. Pollutants also require attention.
In Canada, businesses are required to report to the National Pollutant Release Inventory (NPRI). It’s not required of every business, but for those it affects, having a solid grasp of NPRI reporting is wise. The Canadian government has a checklist and tips to ensure your pollutant report is done correctly.
DiGiSci Environmental Consulting are expert in environmental assessments and reporting. Contact us to find out how we can help with your reporting and assessment needs today.