As the urgency to combat climate change continues to grow, so does the importance of having a robust and credible climate strategy and net zero roadmap. Getting this right is key to the success of your organisation’s wider corporate sustainability strategy. Here are my 10 top tips for developing, implementing and evolving your climate strategy and driving meaningful change within your business.
1. Make the business case
Before developing your climate strategy, make sure your key stakeholders understand the business case for it. Use stakeholder mapping and analysis to find your champions and hear from your challengers. Clarify the benefits for the planet, and also for your business — gain competitive advantage, improve reputation, meet customer and investor expectations and retain and attract employees.
2. It’s all about the data!
Your net zero roadmap is only as robust as your greenhouse gas (GHG) emissions inventory. And your GHG inventory is only as accurate and complete as the underlying data — such as energy consumption, travel, supply chain and waste data. Improving your source data gathering, verifying, and storing processes is essential to an accurate and reliable climate strategy.
3. Understand the science
A solid grasp of climate science is key when developing your net zero roadmap and overall climate strategy. Stay informed about the latest research, frameworks, trends, and projections to make informed decisions, align to reporting requirements and set science-based goals.
4. Set ambitious, but realistic goals
Establish clear and measurable targets aligned with the latest science-based criteria. Aim for ambitious GHG emissions reductions while ensuring feasibility within your organisation based on capabilities and resources.
5. Engage your stakeholders throughout the process
You can’t do this alone. Effective climate action requires collaboration with stakeholders across your full value chain. Engage leaders, employees, suppliers, customers and partners to gain and maintain buy-in, gather diverse perspectives, and combine collective expertise. Fostering cooperation and setting shared goals will support you to implement your plan and successfully manage change.
6. Start with quick wins
This may sound like an obvious one, but focusing on the quick wins should show return on investment and positive results early on. This will help with stakeholder buy-in and future requests for resourcing and investment as you scale up the programme and shift the focus to longer-term initiatives.
7. Prioritise renewable energy alongside energy efficiency
Transitioning to renewable energy sources is the foundation of any climate strategy. Explore opportunities to invest in and generate new solar, wind, hydro, or other renewable energy, alongside procuring renewable energy contracts. In parallel, implement measures to optimise energy efficiency. Upgrade equipment, improve insulation, and adopt smart technologies to reduce energy consumption and costs.
8. Embrace innovation
Encourage innovation and creativity to deliver solutions for your climate challenges and develop opportunities. Embrace emerging technologies, explore alternative materials, and think outside the box — for example, by partnering with disruptors and peers, and testing out new business models.
9. Manage your climate-related risks
Climate change brings risks and uncertainties — such as extreme weather events, resource scarcity and supply chain disruptions. Assess, monitor and mitigate your climate-related risks as part of your wider risk management procedures, resilience planning and adaptation measures.
10. Stay agile and adapt
Establish robust monitoring and reporting mechanisms to track your climate goal progress. This will help you evaluate performance and identify areas for improvement. Remember that your net zero roadmap is not a static plan until you achieve your net zero target. As legislation, frameworks and climate science evolve, so will your strategy. Keep agile and adapt your strategy as needed.
