Net Zero is our chance to prevent the climate crisis from becoming a climate catastrophe. We explain what's behind the concept and the economic benefits it brings to companies.
Reducing CO2 emissions is no longer enough. We have to bring them down to zero. Specifically, this means: if we don't want to miss the Paris climate target, we must reduce our emissions by 45% by 2030 and reach net zero by 2050. Net zero is therefore the key to preventing the climate crisis from turning into a climate catastrophe. Because it marks the point at which we no longer contribute to the problem of climate change.
Net zero creates a balance between the greenhouse gases we emit into the atmosphere and those we remove from it. The concept envisions that emissions should first be reduced as much as possible. Any remaining emissions are then offset and thereby removed from the atmosphere. You can learn how to effectively reduce your carbon footprint in this article. For everything about carbon offsetting, read here.
Net zero takes climate protection one step further
The term net zero must be clearly distinguished from the term climate neutrality or carbon neutrality, which is widely advertised on products, events, or websites. Climate neutrality only takes into account Scope 1 (direct emissions, e.g. from company-owned vehicles) and Scope 2 emissions (purchased energy, e.g. electricity). The rest, so-called Scope 3 emissions (e.g. waste management, business travel), is left out. However, these indirect emissions often account for the largest share of the carbon footprint. Furthermore, under climate neutrality, emissions can simply be offset instead of being reduced beforehand. Net zero therefore goes one step further.
Over 70 countries worldwide are also taking climate protection a step further by setting net zero targets. These include major polluters such as China, the United States, and the European Union, which together cause more emissions than all other regions combined. With the Green Deal, the EU aims to reach the net zero milestone by 2050. Austria wants to achieve this by 2040, Germany by 2045.
Net Zero also brings economic benefits to companies
More and more companies and financial institutions worldwide are also setting decarbonisation targets together with the Science-Based Targets Initiative. In doing so, they not only contribute to achieving climate goals but also benefit from economic advantages:
Net Zero is a growth driver.
Consumers are increasingly mindful of their ecological footprint and support companies committed to sustainability. Those who reduce CO2 emissions appeal to more customers and gain a competitive edge.
Reducing emissions helps save costs.
Climate protection measures such as switching to renewable energy or avoiding waste reduce costs. Those who tackle the climate transformation early enough also avoid potential regulatory costs and disruptions in supply chains.
Climate protection enhances brand image.
Companies committed to sustainability strengthen their relationships with stakeholders and attract top talent who share their values.
Despite these advantages and the willingness to contribute to climate protection, many companies are still held back by potential obstacles. In many cases, the reason is a lack of climate competence and insufficient knowledge about climate protection and the net zero concept.
That's why at the Glacier Climate Academy, we engage employees and provide education to create the necessary awareness around sustainability topics. Because only when the entire workforce is on board and supports the climate transformation can companies clear the path to net zero.
Climate protection is a challenge we can only solve together.
At the Glacier Climate Academy, employees learn everything they need to know to bring ESG and sustainability strategies to life.
More climate protection knowledge for the path to Net Zero?
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