Benefits of Setting Targets

Decarbonisation targets are a powerful way for organisations to kick start action and make progress in reducing their carbon emissions. In addition to contributing to limiting global temperature increases having a decarbonisation target also has direct benefits for the organisation.

Operational Benefits

  • Increases operational efficiency through identifying areas where consumption of resources can be reduced. This decreases operational costs.
  • Improved ability to secure contracts and sales as clients and consumers become increasingly environmentally conscious in their buying decisions.
  • Improved ability to secure finance as investors consider an organisations environmental performance and forward planning more before investing.
  • Assists with sustainability reporting and compliance by the annual calculation of emissions and progress against the target.
  • Decreases any applicable regulatory carbon payments 
  • A supplier engagement target encourages your supply chain to take action as well. 

Future proofing your organisation

  • By looking ahead over the target period risks can be identified and mitigation plans made
  • Decreasing energy consumption and potentially moving to self-supply decreases exposure to increasing energy costs.
  • Decreasing carbon emissions decreases exposure to any potential new carbon payments
  • Having a decarbonization target prepares you for any changes to legislation / regulation mandating organisations to have a target.
  • Reviewing the emissions from your supply chain and encouraging your suppliers to take action increases resilience in your supply chain

Why should you act now?

The sooner you develop and implement a decarbonisation target the sooner you can reap its associated operational benefits. Acting earlier can also decrease the cost of the transition as it can be planned with proactive changes rather than reactive, spreading the cost and utilising natural replacement cycles to limit the costs. Organisations that act sooner will also have a commercial advantage to their competitors who have not, as they will be able to utilise it as a selling point to clients and investors. 

 

Why use the MAKE IT ZERO targets and resources?

Using the MAKE IT ZERO targets and resources save you time and resources developing a target from scratch and digesting lengthy guidance documents. By following the sector targets and principles you will develop a target which is robust and credible in a time efficient manner.