2nd Step: Calculation of the Carbon Footprint
During the calculation of the Carbon Footprint, all gathered data are weighted against relevant national or local emission factors as published by the local administration.
The Carbon Footprint value does not only give an indication of the impact on the climate of a business or product, it is also an important benchmark in the process of implementing low carbon measures as emission reduction initiatives and offsetting. The Carbon Footprint is as well the core-stone of the development of an efficient and realistic sustainability strategy.
3rd Step: Identify areas where you can avoid or reduce your emissions now and in the future.
Once those areas are identified, an action plan with short and long term goals could be drafted and implemented based on your corporate sustainability strategy and your business characteristics. These actions could be as straight-forward as making sure that lights in the office are switched off at night or bit more complex technically such as redesigning lighting and heating/cooling systems or relying only on renewable energies to power your manufacturing facility/data-center. However, it is proven that actions leading to a reduction / avoidance of emissions have also substantial financial benefits for corporations.
4th Step: Retirement of Carbon Credits and Offset
Once confirmed, it is possible to offset whole or part of the calculated Carbon Footprint. The Carbon offset will be implemented through the retirement of the corresponding amount of Carbon Credits (1 tCO2e equivalent to 1 Carbon Credit) in the Project’s Carbon Credit Registry and the official confirmation of retirement by the respective registry administrators. Finally UPM will provide any offsetting party with a unique Carbon Offset Certificate.