“In 2024, 52% of organizations will increase their investments in sustainability, with 61% of organizations viewing the absence of sustainable practices as an existential threat” – Capgemini Research Institute.
Almost half of the business leaders surveyed believe that climate change will cause “the majority of operational disruptions” (Capgemini, 2023). Yet most companies still struggle with sustainability reporting.
Sustainability reporting is useful if you want to:
- Comply with regulations. In countries like the Netherlands, compliance is mandatory
- Improve your company and product, and make it more sustainable
- Design better, more sustainable products or packaging
Regardless of your goals, sustainability reporting can be an overwhelming task to do. Unfortunately, it’s a complex industry. And complex industries can really overdo it with technical jargon, which can discourage even the most motivated learners.
Despite high complexity, sustainability is becoming increasingly important across industries worldwide–more than half of the top-level executives worldwide are redesigning their businesses to become more sustainable. Before you get the FOMO, we shared 3 practical tips on how to reduce overwhelm and start making progress here.
The best approach to “uncomplicate” sustainability for your company is to focus on one metric that is impactful and produces tangible results. In this case, product carbon footprint (also known as PCF) may be your best bet.
Why? It’s a popular metric to track (more on that later). It helps you achieve more than one goal. And it’s easy to retrieve. Product carbon footprint (PCF) is great if you want to understand your sustainability performance, stand out from the competition, design more sustainable products, and/or share your impact with stakeholders.
But what is product carbon footprint?
Simply put, product carbon footprint helps you understand what phase of your production process creates the most emissions.
And how to optimize each production phase to emit less.
Carbon emissions can come from anywhere (energy, product materials, transportation, packaging), so knowing your carbon footprint will help you make further improvements as you go, guide you to become more sustainable, and move your business forward.
Product carbon footprint (PCF) is easy to track over time. And if you start, consider yourself ahead of the competition already.
4 Other Reasons Product Carbon Footprint Assessment Is Worth Your Time
- Saves You from Legal and Financial Issues. Many regulations are currently focused on carbon footprint. Reducing it will help you align with current and future regulations, and dodge potential legal and financial risks.
- Helps You Stand Out. Reducing your carbon footprint helps you stand out from the competition that hasn’t figured out how to do it yet. Measuring environmental impact is still a relatively new thing, so it’s your chance to become the leader.
- Makes You Appealing. Specifically for potential customers, people you work with, and investors.
- It’s a Must if You Want to Survive. If you want your company to survive (and thrive), you need to start measuring your impact. Businesses that aren’t doing so are risking being kicked to the curb by stronger competition that’s putting sustainability goals at the front of their business.
As a manufacturer, 80% of your company’s impact is in your product. If you want to make your business sustainable, a product carbon footprint assessment is a good way to start.
Read related articles about carbon footprint:
P.S. And if you ever want to go beyond measuring carbon–because you want to improve further, boost your credibility, or comply, Mobius helps you do just that. For example, measure how other emissions you cause impact the environment (i.e.: impact on water and land, ozone depletion, human health, etc.).