Readiness Goal 4.1: Based on RG2.1, RG2.3 and RG 2.4, translate improvement strategies and net zero target into SMART (specific, measurable, achievable, relevant, time-bound) parameters that can quantify the net zero performance.
Intent: Encourage identifying and quantifying parameters that can demonstrate net zero development. Builds trust in the net zero movement by showing quantifiable results that contribute to climate action, resilience and circularity.
Indicator 4.1.1: With reference to RG 2.3, identify quantifiable parameters that can reflect accurately the operational carbon emissions (Scope 1 and 2) of the organisation. For example, energy consumption of real estate assets, and mileage and fuel consumption of logistics.
Indicator 4.1.2: With reference to RG 2.4, identify quantifiable parameters that can reflect the embodied carbon emissions (Scope 3) of the organisation. For example, logging of materials and fuel usage during the construction process, implementing procurement policies that favour suppliers/distributors that report their activities’ carbon emissions.
Indicator 4.1.3: Set targets for the above identified parameters, taking into account the availability of high quality, credible residual emissions compensation activities. In conjunction with RG 2.2, voluntarily disclose these parameters and targets.