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5 Reasons to set a carbon target now

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  1. Resilience against future regulation – all states have net-zero by 2050 targets and Victoria just announced the interim target of 50% reduction by 2030
  2. Future-proof your organisation – carbon costs should be incorporated into all investment decisions
  3. Drive innovation – with a carbon target your organisation can be incentivised to find better ways to operate
  4. Save money – environmental charges are on the rise and this cost is passed through to you via your electricity retailer
  5. Gain investor/customer confidence – investors and customers are already asking questions about what companies are doing to reduce their carbon footprint. Can you afford to lose them?

It is clear that there will be a competitive advantage for those who are prepared for the transition to the low carbon economy.

Not sure where to start? We can facilitate a complimentary carbon health check for your management team to understand where your business needs some extra focus. Give us a call and we can arrange a time for this to be done either virtually or in person. Otherwise, try our online carbon health check!

The setting of targets is just one element of a complete carbon strategy as can be seen in the infographic below. 

If you aren’t sure where to start on your carbon strategy journey, or you have begun in a piecemeal fashion, we can run a complimentary carbon strategy benchmarking session with your management team to highlight areas where there are gaps, and develop a measured plan to filling them.

Contact our carbon team today carbon@northmoregordon.com

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What are the 5 reasons Northmore Gordon gives for setting a carbon target now?

According to Northmore Gordon's article, the 5 reasons to set a carbon target now are: (1) Resilience against future regulation, since all Australian states have net-zero by 2050 targets and Victoria has announced an interim target of 50% reduction by 2030; (2) Future-proofing your organisation by incorporating carbon costs into all investment decisions; (3) Driving innovation, as a carbon target incentivises finding better ways to operate; (4) Saving money, since rising environmental charges are passed through to businesses via electricity retailers; and (5) Gaining investor/customer confidence, as investors and customers are already asking what companies are doing to reduce their carbon footprint.

What is Victoria's interim emissions reduction target mentioned in the article?

The article states that Victoria just announced an interim target of a 50% reduction by 2030, in addition to the net-zero by 2050 targets held by all Australian states.

Why does the article say setting a carbon target can save money?

The article explains that environmental charges are on the rise and this cost is passed through to businesses via their electricity retailer, so setting a carbon target and managing emissions can help save money.

According to the article, why should companies be concerned about investor and customer confidence regarding carbon targets?

The article notes that investors and customers are already asking questions about what companies are doing to reduce their carbon footprint, and poses the question of whether a business can afford to lose those investors or customers by not addressing this.

What does Northmore Gordon offer to businesses unsure where to start with carbon targets?

Northmore Gordon offers a complimentary carbon health check for a business's management team, which can be conducted virtually or in person, to help identify where the business needs extra focus. They also offer an online carbon health check tool.

What additional support does Northmore Gordon offer for businesses building a complete carbon strategy?

For businesses unsure where to start on their carbon strategy journey, or those that have begun in a piecemeal fashion, Northmore Gordon offers a complimentary carbon strategy benchmarking session with the management team to highlight gaps and develop a measured plan to fill them.

How can a business contact Northmore Gordon's carbon team?

Businesses can contact Northmore Gordon's carbon team via email at carbon@northmoregordon.com.

Who wrote the article '5 Reasons to set a carbon target now' and when was it published?

The article was written by Northmore Gordon and published on May 18, 2021.

What is emphasized as necessary beyond just setting a carbon target?

The article notes that setting targets is just one element of a complete carbon strategy, implying that a full strategy—supported by transition planning covering options, assumptions, dependencies, ownership, and financial implications—is needed to actually achieve reductions.

What competitive advantage does the article associate with preparing a carbon strategy?

The article states that there will be a competitive advantage for those organisations who are prepared for the transition to the low carbon economy.

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