Why Reduce Carbon?
There are 4 primary benefits that Partner Organizations continuously communicate from reducing their organizational carbon footprint
Partners will have the opportunity to enjoy an enhanced brand due to their voluntary environmental actions through recognition events, reports and updates through various media outlets. Now, more than ever, customers are choosing products and services that originate from environmentally and socially responsible companies.
The majority of young professionals would prefer to work for an employer who is environmentally responsible. In fact, 92% of young workers would opt to work for an environmentally concerned company, whereas 77% of MBA students are willing to earn a reduced wage to work for a company with a sustainability policy. By facilitating GHG reductions, partner organizations will be able to attract and retain top talent. Driving down GHG emissions will instill pride in current employees and attract new talent to partner organizations and the Region.
With the cost of energy expected to rise, taking steps to identify energy savings now will also benefit cost savings in the future. Reducing energy consumption not only reduces carbon emissions but also reduces risk. A Sustainable Waterloo member, a sheet metal manufacturer in Cambridge, Ontario will save in excess of $1 million over the next 10 years in energy costs. What’s more, carbon emissions have decreased by 233 tonnes per year and profits have increased from 3.0% to 7.6% for this manufacturer.
The risks resulting from volatile energy markets, poor brand reputation, and changing legal and regulatory requirements can all be mitigated through GHG reduction projects. By voluntarily partnering with NSI, businesses are able to calculate and assign a cost to carbon emissions. Businesses can begin to prepare for the inevitability of an economy in which carbon is regulated and deterred through financial mechanisms (cap-and-trade, carbon tax, etc.). Quantifying the amount of emissions a company produces is an important step towards managing carbon emissions efficiently and identifying potential for reductions and savings.