Assess climate risks and opportunities for your business
Every business owner should be weighing up climate-related risks and opportunities and prioritizing areas to focus their efforts on. Look for resources provided by your local government that can help you identify risks and opportunities for your business’ location and industry.
The Good Impact Framework was developed by Cogo, which is offering a simple way for New Zealand businesses to identify ways to tackle sustainability. This is a good starting point for taking tangible action towards sustainability.
Look at consumer insights to help you prioritise by learning what issues matter to customers in your industry.
Explore what actions other businesses in your industry have taken on to address specific issues and think about how you can incorporate these into your business.
Join the science-based targets initiative (SBTi) global movement
Science-based targets provide businesses with a clear pathway to reduce greenhouse gas emissions and future-proof business growth.
A key intended step for FY22 is to formalise our carbon emissions reductions plans. They are developing emissions reduction targets by modeling our emissions through to 2030, and continuing to implement emissions reduction strategies across the business.
There are sector-specific pathways and those who join benefit from expert advice to help build a resilient, sustainable business.
Use technology and resources available to help you
Most governments offer useful resources for businesses to manage their environmental impact. In some cases, businesses that can prove their sustainability efforts can access grants and other benefits.
There are also apps available to help small businesses identify opportunities to reduce their impact on the environment like Carbon Analytics and Spherics.
Leverage Xero’s data to help small businesses start calculating
Understanding their carbon footprint
Conclusion
Start small and choose a couple of actions that you can commit to doing well. There is software that can assist you with a low carbon economy. Xero is committed to working with and supporting others to minimise our impact on the environment and ensure a smooth transition to a low carbon economy.
We are PSG-Approved Vendor for XERO Accounting System!
Call us at +65 6262 0402 or email us at care@acebizservices.com to get the information details on your needs.