What is Net Zero, Sustainability, ESG & GHG Accounting ?
An overview of these concepts in sustainability and environmental stewardship: 1. Net Zero Definition : Net Zero refers to achieving a balance between the amount of greenhouse gases (GHG) emitted into the atmosphere and the amount removed. The goal is to reduce emissions to as close to zero as possible, with any remaining emissions offset by removing carbon through natural or technological means (like reforestation or carbon capture). Purpose : The aim is to prevent further global warming and reduce the adverse effects of climate change by minimizing the GHG footprint of businesses, industries, and governments. Approach : It often involves reducing emissions through energy efficiency, transitioning to renewable energy, and investing in carbon offset programs. 2. Sustainability Reporting Definition : Sustainability Reporting is a practice where organizations disclose information on their environmental, social, and governance (ESG) performance. This includes tracking and reporting on ene...