If you work in an industry that produces carbon emissions, you likely already know that monitoring emissions is a big deal. It’s believed that carbon emissions contribute to climate change, and many states have taken steps to curb carbon emissions in an attempt to protect the planet. Additionally, while no federal law exists regarding emission standards, many industries police their standards.

Because reducing emissions has become such an important part of business, especially in industrial production, having an emissions strategy in place is important. Aside from protecting the environment, an emissions strategy can also help with environmental, social, and governance (ESG) reporting.

How to Build an Emissions Strategy

Your emissions strategy should be built to reduce carbon emissions in mind. Many industrial professionals who work with ESG standards create emissions strategies that take into account new technologies that can replace existing carbon-emitting technologies. While electricity has shown a lot of promise, hydrogen-powered machinery has also made strides in delivering efficiency to replace equipment that relies on fossil fuels.

The use of ESG software also plays a big part in the creation and management of emissions strategies. ESG software is important because it not only helps companies track progress on emissions reduction but also provides reporting that can be used to demonstrate ESG progress to investors. This latter point is important as ESG factors have become a big part of the equation when seeking energy investments from both private entities and public-private organizations.

Managing Your Emissions Strategy

Once your company has an emissions strategy in place, you should consider forming a team or at least appointing an officer to manage it. As climate technology has been changing rapidly in recent years, you’re going to want to have a representative body responsible for overseeing governance concerns when it comes to adhering to emissions standards and approaches to reduction. This representative body needs to be able to provide detailed reporting using software, particularly if your company is involved in seeking relationships with the aforementioned investors.

Author Resource:-

Emily Clarke is providing info about a single platform for your oil and gas software solutions. You can find her thoughts at ESG reporting software blog.