CO2-neutral corporate strategies should create new sources of income for companies

Global companies can significantly reduce their costs and increase their profitability by reducing excessive carbon emissions, lowering taxes and leveraging advanced tools such as carbon capture and reuse technologies. On the consumer side, this will benefit their reputation management goals. To communicate this effectively, a clear message to deliver greener products and lower carbon emissions will be crucial to succeed under these new regulatory regimes.

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“To meet their commitments to reduce greenhouse gas (GHG) emissions, most governments are adopting stricter measures to reduce carbon emissions, with some introducing regulations such as a carbon tax that encourage companies to transform their supply chain to mitigate their impact decrease.” noted Typhania Esmiol, Consulting Analyst, TechVision, Frost & Sullivan. “For customers, environmental and climate concerns are more important than ever, and sustainability is now competing with traditional factors such as price and brand. Businesses need to effectively communicate their efforts to meet their carbon footprint and carbon reduction goals to keep customers happy.”

Esmiol added: “Companies can add value to emissions from their manufacturing processes by converting carbon into products or materials. By leveraging carbon capture and reuse technologies, companies can gain a competitive advantage by reducing emissions while offering greener products and cost savings.”

Leading companies worldwide can use these new technologies to generate new revenue while reducing their footprint. However, to capitalize on the growth opportunities of carbon neutral strategies, companies need to focus on:

  • Satellite imaging technology to identify climate impacts: Businesses need to analyze their entire supply chain to detect their CO2 emissions from uncontrolled operations and identify their environmental impact through the use of advanced satellite imagery technology.
  • Carbon capture and reuse technology to convert CO2 into new products and materials: Businesses should adopt technologies that enable them to gain a competitive advantage by converting CO2 into valuable materials while reducing their costs and carbon footprint.
  • Transparency of the carbon footprint to influence the decision-making process: Companies must transparently communicate details of their climate footprint, measures and successes in reducing CO2 emissions.

Growth Opportunities for Carbon Neutrality Strategies is the latest addition to Frost & Sullivan’s 360-degree global research and analysis, available through the Frost & Sullivan Leadership Council, that helps organizations identify a continuing stream of growth opportunities to thrive in an unpredictable future .

About Frost & Sullivan
For more than six decades, Frost & Sullivan has helped Fortune 1000 companies, governments and investors develop sustainable growth strategies. We apply actionable insights to navigate economic change, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success. Contact us: start the discussion.

Growth Opportunities for Carbon Neutrality Strategies

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SOURCE Frost & Sullivan

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