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Do you know what Net Zero is? If you have a company and have been preparing to face the impact of global warming for some time, this concept will surely sound familiar to you. After the Paris Climate Agreement of 2015, many European companies set firm emission reduction targets. However, over the past two years, we have seen a definitive acceleration to curb the consequences and achieve carbon neutrality.
In this article from #LexingtonMagazine, we will tell you what Net Zero is, how flexible office companies are involved in this commitment, and what the main strategies are to join this initiative. Here we go!
What is Net Zero?
Net Zero is the point at which human-caused greenhouse gas emissions are balanced or offset by the absorption of greenhouse gases, typically through measures such as reforestation, the use of carbon capture technologies, and emissions reduction.
Context and evolution of the term Net Zero
In recent years, the term Net Zero has gained prominence as awareness of climate change has increased and countries, companies, and organizations have sought ways to reduce their environmental impact. Let’s look at its evolution from the beginning:
What does it mean to be a Net Zero company?
Being a Net Zero company involves committing to reduce its greenhouse gas emissions through the implementation of strategies such as energy efficiency, the use of renewable energy, carbon capture and storage, emission offsetting, and the adoption of circular economy practices.
The real feasibility of becoming a Net Zero company
The real feasibility of becoming a Net Zero company depends on several factors, but primarily on your genuine commitment to the cause. Additionally, it will heavily rely on available financial resources, technological infrastructure, government regulation, and the availability of sustainable solutions in the market.
The role of offices in achieving Net Zero goals
Indeed, office buildings play a crucial role in fulfilling a company’s Net Zero objectives, as they are places where a significant amount of greenhouse gas emissions are generated through energy consumption, employee transportation, waste management, and other activities.
If you’re not quite sure what sustainable offices entail, let’s look at an example. The case of the United Therapeutics office building in Maryland may seem challenging, but it’s not impossible. It’s the largest Net Zero building in the world and boasts of producing more energy than it consumes. Wondering how? This is achieved through the implementation of energy efficiency measures in offices, the adoption of remote work practices, the promotion of public transportation, and the fostering of a culture of sustainability among employees.
Photography: Ewin Cole.
👉🏼 Get some inspiration with this list of Net Zero buildings.
Practical strategies for companies looking to join Net Zero
To achieve the set goals, consider the following:
Embrace the Science Based Targets initiative (SBTi)
One option is to adopt the SBTi standard, which helps organizations set their greenhouse gas emissions reduction targets and validate these objectives.
Net Zero Strategy for CISL Companies
The University of Cambridge Institute for Sustainability Leadership (CISL) drives global leadership to promote a sustainable economy. Its strategy is based on four key points:
- Alignment with business purpose
- Establishment of evidence-based objectives
- Integration of neutrality practices in operations and value chain
- Promotion of this approach within its areas of operation.
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Lexington, a sustainable flexible spaces company
At Lexington, we not only aim to provide exceptional flexible workspaces but also understand that sustainability is the cornerstone for creating environments and experiences that meet current demands. Our goal is clear: we want to be a Net Zero company, and we achieve this gradually by ensuring that our buildings have sustainable certifications, reusing materials, promoting responsible resource consumption, implementing recycling programs, fostering the hybrid work model, and facilitating public transportation through our prime locations.
🌱 Learn more about Lexington’s sustainable initiative for flexible spaces, #WeMakeItECO.
What are you waiting for to contact us and rent your flexible workspace or hire your virtual office? Join a conscious community and contribute to the creation of a greener and more sustainable future. ⬇️