Net Zero Process and Certification

Firstly, what does the term net zero mean?

It can be described by formula:

Net zero =  Carbon footprint – Carbon offsets

A carbon footprint is the amount of carbon emissions a business is responsible for in its trading operations. Carbon offsets are created in programs that are responsible for removing carbon dioxide from the atmosphere or avoiding greenhouse gas emissions.

It is worth noting here that the term carbon neutral is also used interchangeably with the term net zero. Strictly speaking carbon neutral applies to only carbon emissions and not other greenhouse gas emissions. However, this definition is often ignored in the literature and the two terms end up meaning the same thing.

The steps to net zero can be summarized as follows:

  1. Calculate the organisation’s carbon footprint.
  2. Put in place a plan to minimize the organisation’s carbon footprint i.e. reduce its emissions.
  3. Commence acquiring eligible carbon offsets annually equal to the organisation’s annual carbon footprint.

The fortunate part about the net zero process is that it has inherent advantages for your business operation as it:

  • Informs owners/managers of what are the carbon emissions of their business.
  • Highlights inefficient processes.
  • Identifies ways the carbon footprint can be reduced profitably.
  • Allows organisations to set realistic carbon reduction targets.
  • Assists in the identification of climate risk and opportunities.
  • Assists with meeting climate-related financial disclosure requirements.
  • Enhances corporate social responsibility & ESG credentials.
  • Positions the business to meet customer/tender ESG requirements.

Ecoprofit’s offset acquisition criteria

There has been much conjecture recently about the value of carbon offsetting with many arguing that it is akin to the use of indulgences to remove peoples’ souls from the eternity of hell. At Ecoprofit, we have a different perspective.

When buying carbon offsets, the main things to look for are:

  • Are the people or groups running the carbon offset program honest and reputable?
  • Does the offset program fit with your organisation’s operational profile?
  • Is additionality a key component of the offset program, or is it just a good business deal?
  • Is permanence a key component of the offset program e.g. if it is growing trees, how do I know they will last?

Ecoprofit ensures the above factors exist in any offsets we sell. We guide our customers through the whole process, with an emphasis on instilling a sound understanding of how the process is going to help the environment and our customers’ business operations.

Uniquely, Ecoprofit has a not-for-profit arm called Sunshine Project for Community Inc to which $1 is donated for each offset sold. Please click here to see the success we have had so far in raising money for community not-for-profits to fund renewables options for them.

Buy Carbon Offsets!

One tonne of carbon emissions is equal to one carbon offset, and you round up any decimal.

You can now choose which project(s) you want to buy carbon offsets in.