For Earth Day 2021, take action by reducing your portfolio’s carbon footprint and reaching your ESG goals
By Tony Liou, Partner Energy President
Since its debut in 1970, Earth Day has since expanded into 192 countries and EARTHDAY.ORG now works with more than 75,000 partners in order to “drive positive action for our planet.” Earth Day is about “transformational change” and taking action at all levels, from individual to business to government. So, for Earth Day 2021, after a year of extreme weather events and a pandemic, there is no better time to analyze your real estate portfolio’s carbon footprint and start working on reducing it. Not only is it good for the environment, emissions reduction can also be great for the bottom line and help get you a step closer to reaching your organization’s Environmental, Social, and Governance (ESG) goals.
The Five Steps to Reducing Greenhouse Gas (GHG) Emissions
- Quantify Current Emissions
The first step in reducing GHG emissions is to understand and quantify the emissions over time, which is commonly referred to as benchmarking. GHG emissions are generally divided into three scopes and cover everything from emissions from combustion equipment and stationary sources to indirect emissions from use of electricity to emissions from day-to-day operations.
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