FNZ Editor Jonny Bairstow interviews the leaders behind a new concept tool for ‘avoided emissions.'
Avoided emissions are emission reductions that occur outside of a product’s life cycle or value chain but, as a result of the use of that product – an example might be fuel-saving efficient tires.
Now ENGIE Impact has come up with a tool to help businesses with this issue. But why?
“You need to put this under control and this is where we engage and it goes under Scope 1, 2, 3 emissions for organizations.
“You need a good understanding of where you start, a baseline, and then what kind of levers what kind of actions you take and how do you put all of that under control in a systemic way at the level of a company. So that you see the actions put in place and the programs implemented.”
Nicolas Lefevre-Marton, MD of Sustainability Solutions at ENGIE Impact explained the concept behind the tool.
“The fundamentals of the tool are not new, it’s been around a long time, it’s called ‘avoided emissions’ oftentimes. But it’s never really been crystallized into something usable, scalable, and accessible, important for businesses.
“So, what we did was to crystallize the literature on this into seven fundamental principles for measuring the decarbonization of clients.
“We then created a digital tool so we can start systematically measuring the decarbonization impact of all of our products and services as we go to market.”