There is no longer any doubt that the systematically increasing concentration of greenhouse gases (GHGs) in the atmosphere is causing climate change and ocean acidification. Companies should respond accordingly, to ensure that their operations cause no GHG emissions.
Nature can safely absorb some human-made GHGs every year, but the future-fit imperative is for companies to eliminate all operational GHG emissions. That’s because we are dangerously close to reaching atmospheric GHG levels that will be catastrophic for society, and any attempt to divide up the remaining carbon budget across companies is too complex and contentious to be practical.
The requirement is for a company to emit net zero GHGs as a result of its operational activities and energy consumption. We consider net GHG emissions to be total GHG emissions less any emissions that are permanently sequestered or adequately offset.