Net Zero Emissions – A Matter of Trust

In today’s business landscape, the stakes of effectively navigating a clear pathway to net zero emissions are rising with no signs of slowing down:

• Entities such as the EU are pursuing measures to regulate greenwashing and require sustainability reporting. ¹

• Financial institutions have allocated over 5.8 trillion dollars to sustainable finance. ²

• Sustainable businesses are increasingly preferred as employers. ³

• Businesses push their Scope 3 emission reduction efforts up the supply chain, turning carbon performance into a competitive factor.

In an environment of rising attention and scrutiny, trust becomes a decisive factor and wherever business can build trust, they should seize it.

1.  In assessing carbon footprints – Transition from spreadsheets to professional CO2 management software to establish and continuously update organizational CO2 footprints.

2. In managing abatement efforts – Monitor and integrate abatement initiatives across solar, batteries, electric mobility fleet and energy efficiency with CO2 management software to be able to effectively manage the improvements.

3. In certifying – Endorsements from reputable third parties go a long way. The partnership between Bureau Veritas and Univers allowed for Bureau Veritas to provide seamless assurance for businesses utilizing Ark to manage their CO2 footprint.

4.  In carbon offsetting – Organizations will continue to grapple with offsetting their residual carbon footprint through carbon credits, which must adhere to reputable standards.

When it comes to carbon offsetting, trust is of utmost importance. That’s why Univers recently unveiled a partnership with Citi.

Establishing Trust in Carbon Markets: The Partnership between Univers and Citi

Univers and Citi partner together to provide innovative software solution that enables organizations to seamlessly purchase Voluntary Carbon Credits (VCCs) and support projects that aim to reduce, avoid or remove greenhouse gases (GHG). As a preeminent banking partner, Citi offers high-quality VCCs and structured financing to support institutions in sourcing projects across different locations and methodologies. Univers’ EnOS Ark Energy & Carbon Management platform can help calculate users’ Scope 1 to 3 carbon emissions footprint and access VCC projects from Citi’s portfolio.

For more details, read the full press release here.

Univers’ Comprehensive Carbon Management Solution

Univers' carbon management solution ensures transparency throughout, from measurement to abatement. It empowers businesses to make informed decisions by allocating investments to areas that require the most attention within their scope. This transparency fosters trust among stakeholders, as they can witness the direct impact of their carbon management initiatives.

The solution also enables companies to track the allocation of carbon credits, ensuring traceability and accountability in their carbon offsetting efforts. Organizations can trace their carbon credits back to specific projects for their volume and scope of usage. This level of traceability not only strengthens trust but also encourages more engagement in carbon trading initiatives.

Footnotes:

¹ https://www.europarl.europa.eu/topics/en/article/20240111STO16722/stopping-greenwashing-how-the-eu-regulates-green-claims

² WIR2021_ch05_en.pdf (unctad.org)

³ 27% said they will consider a potential employer’s position on sustainability before accepting a job. https://www2.deloitte.com/us/en/insights/environmental-social-governance/importance-of-sustainability-to-employees.html