Carbon Footprint Reduction Planning (CFRP)
Minimising your global warming potential with Carbon Footprint Reduction Planning
Carbon Footprint Reduction Planning (CFRP) is a strategic approach aimed at minimising the Global Warming Potential (GWP) associated with an organisation’s activities, products, and services.
How do CFRPs work?
Baseline assessment
The first step in CFRP is to conduct a comprehensive assessment of your organisation’s carbon footprint. This involves quantifying emissions from all relevant sources, including direct emissions from activities like combustion and transportation, as well as indirect emissions from purchased electricity, heating and cooling.
Setting targets
Based on the baseline assessment, organisations set specific, measurable targets for reducing their carbon footprint. These targets may be absolute or intensity-based, for example, per unit of output. Targets should be ambitious yet achievable, providing a clear direction for carbon reduction efforts.
Identification of reduction opportunities
CFRP involves identifying a range of potential opportunities to reduce carbon emissions across the organisation. This may include improving energy efficiency, transitioning to renewable energy sources, optimising transportation and logistics, reducing waste and emissions from manufacturing processes and implementing sustainable practices in supply chains.
Cost-benefit analysis
Once reduction opportunities are identified, organisations should conduct a cost-benefit analysis to evaluate the feasibility and economic viability of implementation.
This involves assessing the upfront costs, operational savings, potential revenue streams and other financial implications associated with each opportunity.
Prioritisation and implementation
Reduction opportunities are prioritised based on their potential to deliver significant emissions reductions, cost-effectiveness, feasibility and alignment with your strategic goals.
Implementation plans are developed to systematically integrate carbon reduction measures into day-to-day operations, capital investments and long-term strategic planning.
Monitoring and reporting
CFRP includes robust monitoring and reporting mechanisms to track progress towards carbon reduction targets and evaluate the effectiveness of implemented measures.
This involves collecting data on energy consumption, emissions, and other relevant metrics, analysing trends over time and communicating the results internally and externally.
Continuous improvement
CFRP is an iterative process that requires ongoing evaluation and adjustment.
As technologies evolve, regulations change and organisational priorities shift, carbon reduction strategies should be revised and optimised to ensure continued progress towards targets.
Integration with sustainability goals
CFRP is often integrated into broader sustainability strategies and corporate social responsibility initiatives. By reducing carbon emissions, organisations can enhance their environmental performance, mitigate climate risks, strengthen their brand reputation and create value for stakeholders.
How can C6 ESG make a difference to you with CFRP?
Our team will conduct any CFRP thoroughly and with a holistic view of your business. In particular, we like to focus on these areas.
A circular economy keeps resources in use for as long as possible. It benefits businesses, the environment and people. In our experience, many businesses have never given much thought to the circular economy. The answer to your emissions reductions could be in your embrace of resource use and reuse.
You should design your products for phased transition towards a net zero potential. This target in considered in the early stages of design and realised through the product’s life.
Customers and consumers are increasingly concerned about single-use packaging and plastic in the environment. Packaging presents a large opportunity for competitive differences within the supply chain design.
In this case, thinking ‘outside the box’ may result in packaging innovation that could reduce your carbon footprint.
Our services
We offer a range of services that assist organisations to measure their carbon footprints, report them accurately, identify risks and find opportunities to thrive in their transition to sustainability.
Environmental Product Mapping
Map, understand your product’s environmental impacts.
Carbon Map
Gather the data and insights needed to reduce ESG risks, drive innovation, create value and comply with new Australian standards for environmental disclosures.
Life Cycle Assessment
Measure the environmental footprint of your products and services over their entire life cycle.
Environmental Product Declarations
Tell the environmental facts of your products from “cradle to gate”, in a clear, simple format that is independently verified and easily comparable.
Sustainability Strategy Development & Implementation
Develop a plan to measure sustainability, manage sustainability projects and report progress.
Governance, Compliance & Reporting
Build a sustainability governance capability, with international benchmarking and reporting.
We make sure your reporting governance meets new Australian Sustainability Reporting Standards
Getting ready now is critical because tighter carbon compliance requirements are rapidly approaching.
ARE YOU READY?
Ready to change sustainably?
Book a half-hour discovery session now to find out how we can help your business thrive in a net zero world.
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