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My research provides evidence that the current carbon management model is flawed. It is useful in its prioritisation order, but vague in relation to the operational reductions required prior to offsetting. Furthermore, it does not engender the level of urgency required to keep below 2°C, nor does it consider carbon management within a wider sustainability context. As such, an amended carbon management hierarchy is suggested, incorporating Science-Based Targets (SBTs), varying nuances of offsets and a consideration of the Sustainable Development Goals.
The inclusion of accounting frameworks into an amended carbon management hierarchy aids credibility; SBTs being the proposed framework for scope 1 and 2 emissions and The Gold Standard being the proposed framework for scope 3 emissions.
The inclusion in the model of an annual review mechanism will ensure that at the very least, companies achieve carbon neutrality and will assist a company’s strategic decision-making in going “beyond neutral”.
Top 3 learnings:
1. I have a much better understanding of the impacts and challenges organisations face in relation to managing their carbon.
2. I have a thorough knowledge of Science Based Targets and Offsetting practices.
3. I have developed links with organisations which are leading the way in relation to their carbon management practices (and on one occasion, have been advised of potential future employment opportunities).
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