Which metrics are crucial for assessing the effectiveness of an emissions reduct

To assess the effectiveness of an emissions reduction strategy, it is crucial to track several key metrics. First, measure the reduction in total GHG emissions over time, segmented by Scopes 1, 2, and 3. This provides a clear picture of the strategy’s impact across different areas of the business. Second, track energy consumption metrics, including reductions in energy use and increases in renewable energy adoption. Third, monitor emission intensity metrics, such as emissions per unit of production or revenue, to assess efficiency improvements. Fourth, evaluate the progress against specific targets and benchmarks set within the emissions reduction strategy. Lastly, consider the financial metrics, such as cost savings from efficiency improvements and investments in sustainability initiatives. Regularly reviewing these metrics helps organizations refine their strategies and demonstrate progress to stakeholders. Source: International Energy Agency, Source: CDP. Key Takeaway: Track emissions reduction, energy use, intensity, and financial metrics to evaluate strategy effectiveness.