How to Offset your Carbon Footprint in Transport industry

News:

Risks and challenges

Due to its growing carbon-emissions contribution, the transport industry will be particularly affected by climate change. High-emissions taxes in Europe have already had expensive implications for its aviation industry and these costs are expected to affect the profitability of all transportation companies. Transportation companies’ dependence on fossil fuel and the lack of viable alternatives have put upward pressure on costs and resulted in increased competition. Extreme weather events and the physical risk that they pose will disrupt transport routes, as well as having disastrous consequences on market drivers such as tourism.

Opportunities

Leading airlines, such as Virgin Atlantic and Air New Zealand, have pioneered successful flights using various mixtures of traditional fossil fuels and biofuels. Regulatory legislation is becoming a reality and all transportation companies need to formulate strategies to employ and take advantage of renewable fuels such as ethanol and biodiesel. The implementation of internal energy efficiencies is the first step on the road to becoming a low-carbon business, and full energy efficiency programmes, as well as employee education, should be undertaken annually. This will reduce costs and increase profitability.

What can GCX do for you?

Efficiency:

Through determining your carbon footprint and a business-case energy efficiency audit, GXC will assess your company’s carbon emissions and help you to set targets and budgets that suit your business. From here, GCX will help you to implement reductions and achieve your cost-cutting goals, which include education campaigns in your organisation to engrain climate-change awareness in your company’s culture and to ensure that employees support internal initiatives. GCX will also undertake to monitor your emissions on a continuous basis. The journey towards becoming a low-carbon business also offers significant PR and marketing opportunities that can be harnessed to differentiate your company as a climate-change leader.

Legislation and reputation:

GCX will determine the effect that carbon laws will have on your business and identify the best ways to ensure your continued profitability, which also include establishing the reputation risks posed by being affiliated with a high carbon-emissions business.

Adaptation:

Adaptation involves the adjustment of systems in order to respond to actual or expected weather events or their physical manifestation. These adjustments mitigate the harm or exploit the beneficial opportunities that arise from these events. GCX will assess the effect that climate change will have on your supply chain and business as whole. Our specialists will highlight the risks inherent in your business model and identify solutions to this risk and help you to implement them.