Standard Owner Benchmark - VERUS CARBON NEUTRAL
By CommonShare
Verus Carbon Neutral is a certification program and initiative that aims to help organizations and individuals achieve carbon neutrality by reducing and offsetting their greenhouse gas emissions. The program provides guidelines, standards, and verification processes to ensure that carbon neutrality claims are credible and transparent.
Verus Carbon Neutral was founded with the mission of addressing climate change by promoting sustainable practices and encouraging carbon reduction efforts. The program helps organizations and individuals measure their carbon footprint, set reduction targets, implement strategies to reduce emissions, and offset the remaining emissions through certified carbon offset projects.
To achieve carbon neutrality, participants in the Verus Carbon Neutral program go through a rigorous process that includes the following steps:
Measurement: Organizations measure their greenhouse gas emissions across various scopes, including direct emissions from operations (Scope 1), indirect emissions from energy use (Scope 2), and other indirect emissions from the value chain (Scope 3). This step involves collecting data, calculating emissions, and identifying emission sources.
Reduction: Participants develop and implement strategies to reduce their carbon footprint. This may involve improving energy efficiency, adopting renewable energy sources, optimizing transportation, implementing waste reduction measures, and promoting sustainable practices throughout the organization.
Offsetting: After implementing emission reduction measures, participants offset their remaining emissions by investing in certified carbon offset projects. These projects are carefully selected and verified to ensure their environmental integrity and contribution to sustainable development.
Verification: The Verus Carbon Neutral program includes a robust verification process to ensure the accuracy and credibility of carbon neutrality claims. Independent third-party auditors review the emissions data, reduction strategies, and offsetting activities to verify compliance with program standards.
By participating in the Verus Carbon Neutral program, organizations and individuals demonstrate their commitment to taking responsibility for their carbon emissions and contributing to global climate action. The program provides a recognized and credible framework for achieving carbon neutrality and helps raise awareness about the importance of reducing greenhouse gas emissions.
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How our Standard Owner Benchmark® Works?
By CommonShare
This is a benchmark to help companies understand which standards should be part of a sustainable procurement plan. Further, the benchmark allows standard setting schemes, i.e. "Standard Owners", to benchmark their performance versus industry peers.