Financial Guide

Lowering your carbon footprint

A ‘carbon footprint’ of your business is a measurement of the total greenhouse gases your business produces. You need the same amount of minuses and pluses to get to carbon zero. On the face of it, it’s relatively simple:

Either way, it will cost your business sooner or later, and if it’s sooner, act now so you can control the narrative.

Calculating your footprint

There are three types of carbon categories you burn. Those that are:

All this can be very tricky to measure accurately to then be able to say, ‘we are carbon zero’. For now that’s ok. It doesn’t need to be perfect. The key is to make a start on the bits you can reduce now.

First steps

Once you’ve identified all the carbon activities you want to measure, begin collecting data using a relevant metric, which could be gallons of fuel or mileage for vehicles, kWh of gas or electricity from your energy bill, or gallons of water from your water meter.

Then calculate your emissions using the relevant conversion factor or use an online tool. Once you have this footprint, use your data to identify the most suitable actions to reduce your emissions and save costs.

Set targets

Nothing tends to get done unless it’s measured and targets set. Even better if you can delegate the task to an employee to keep everyone (including you as the business owner) honest and moving forward. Be realistic. It’s unlikely you can slash emissions by 50% in a year, but 2-3% could be achievable, as long as it’s every year. Slower sustainable changes will win the race.

Other practical activities can include:

It can be tempting to ignore your emissions and either leave it for the next generation (or start planting trees), but it should be your least preferred option.

Quick wins

The best approach for you will depend on what your major emissions sources are, which you have most influence over and how much data is available to you. Some quick wins could include:

Next steps

It can be confusing and disruptive when trying to measure and track your carbon footprint. The key is to make a start. Also, look to:

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