You can’t manage what you don’t measure” – Peter Drucker
It is a well-known adage in business that “you can’t manage what you don’t measure”. While it would be an oversimplification to assume that a business can be run on visible figures alone, the development of metrics or quantified performance indicators are integral in understanding the impact or effect of change on a business’s performance. While ‘performance’ has traditionally been synonymous with economic indicators, the societal shift towards sustainability is driving businesses to adopt a more holistic definition of performance, including environmental and social indicators.
When it comes to environmental performance, carbon emissions provide an obvious indicator, with emission reduction strategies playing a key role in curtailing the climate crisis. The observable effects of climate change and increasing global awareness of the magnification potential thereof has resulted in both political and consumer driven pressures on businesses to expedite the transition to sustainable operation.
Measuring and understanding your carbon footprint is therefore an important step in your business’s sustainability journey. The following article looks at why you should calculate your carbon footprint and the global drivers – including retailer commitments – for improved carbon emission quantification and reduction.
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