A Future-Fit Business emits net zero GHGs as a result of its own operational activities, including energy it consumes.
What this goal means
There is no longer any doubt that the systematically increasing concentration of greenhouse gases (GHGs) in the atmosphere resulting from combustion and other human-caused processes is contributing to 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 likely to be too complex, contentious and/or time-consuming to result in the scale and speed of reduction that is now needed.
To be Future-Fit a company must emit net zero GHGs as a result of its own operational activities and its energy consumption. We consider net GHG emissions to be total GHG emissions, less any emissions that are permanently sequestered or adequately offset.
Why this goal is needed...
Current GHG levels are at their highest level in 50 million years, with potentially catastrophic consequences.
In 2015, CO2 levels passed 400ppm, more than 40% higher than its pre-industrial value of 280ppm and a level that has not existed on Earth for several million years.
The impact of corporate action to eliminate GHG emissions is potentially game-changing.
Just 100 companies have been the source of more than 70% of the world’s greenhouse gas emissions since 1988.
It is possible to grow the economy, while reducing emissions.
In 2016 the global economy grew by 3.1%, but CO2 emissions from energy generation remained unchanged. CO2 emissions in Europe, the United States, and China also fell