Fast-growing companies face a unique challenge when setting emission reduction targets. Here are some suggestion that can help you establish effective near-term goals:
- Focus on intensity targets: Instead of absolute emission reduction targets (e.g. total tons of CO2), you can also consider intensity targets. These targets track emissions per unit of output (e.g. emissions per employee, per unit of revenue, or per product produced). This approach allows for growth without jeopardizing your emission reduction commitment.
- Climate solution providers: Companies offering products or services that help customers avoid or remove emissions can also consider setting intensity targets. See: What are climate solutions?.
- Reviews and adjustments: Schedule regular reviews (e.g. annually) to assess your progress and adjust your targets as needed. As your company grows and your operational landscape changes, your targets may need to adapt to maintain their effectiveness.
See the Action Guides: Setting 1.5°C aligned targets for action on targets setting.