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LATEST MARKET UPDATE: Gas and Power prices are largely trading at parity with last week’s levels, despite some significant price swings at the front of the pricing curve. The bout of low pressure has seen reduced wind output, increasing demand for gas-fired power generation and stretching a European gas system which is struggling to attract global LNG. Winter prices have also been volatile with concerns over gas storage levels being partially offset by positive supply news surrounding the potential completion of the Nordstream 2 gas pipeline. Prices further out have been softer, as renewed coronavirus fears in the wake of the delta variant have weigh on global oil markets.

How can the future Net Zero Standard support your net zero goals? 

The social and economic pressure to create a more sustainable world is driving more and more businesses to address their carbon emissions. However, many struggle to overcome the first hurdle, benchmarking their existing carbon footprint. This is vital as without knowing what their current footprint is, they won’t be able to reduce it to net zero. That is what makes the future Net Zero Standard such an invaluable tool, it will help you benchmark and then track your carbon emissions, making the journey to net zero much simpler.

What is the future Net Zero Standard?
The future Net Zero Standard is an online tool that enables you to track and benchmark your carbon emissions. The platform works for all organisations, from SME’s to £50+ million businesses. Through the platform, you can collate all your energy, transport, and carbon emissions in one place, making it an invaluable tool for achieving net zero.

For the platform to work, your business must enter the last 12 months’ worth of energy, transport, and any other carbon emissions data. Once this has been completed, the platform will then benchmark your data, and from this point, you can begin looking at strategies to lower your carbon emissions.

At the end of every 12 months, you will be able to look back on your progress and begin completing your accreditation report. If you have successfully reduced your carbon emissions, you will receive an accreditation that matches your reduction levels. The accreditations are Bronze, Silver, Gold, and Platinum. These accreditations can be used on any marketing platform to showcase to your customers the lengths you have gone to, to reduce your carbon footprint as a business.

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What are the advantages of the future Net Zero Standard?

Competitive advantage: Many businesses are still trying to figure out their carbon footprint and what their net zero target should be. The future Net Zero Standard will put you ahead of the competition, enabling you to benchmark your carbon emissions and set your net zero target. Not only that, the fNZ Standard will help you track your reduction in carbon emissions and prove to customers that you are acting on your carbon footprint. Evidencing your progress could be a deciding factor between your business and a competitor.

Accreditation: The accreditations allow you to know with confidence that you are successfully transitioning towards net zero. The accreditations can be used in tenders and across all your marketing materials, showcasing the progress you are making.

Ability to track and report on your progress: The fNZ Standard is a simple to use tool that captures all your carbon emissions data in one place. This makes it easier for your business to track your emissions and understand how quickly you are making progress. The easy-to-use dashboard shows you your progress against business metrics such as employees or turnover.

Reporting on Scope 3 emissions: The pro version of the future Net Zero Standard has been designed to capture not just Scope 1 and 2 emissions but also Scope 3. This means that you will be able to identify the impact your business is having upstream and downstream and what areas you need to prioritise to minimise your carbon footprint.

Identify opportunities to save cost: As you track your emissions, you will be able to spot opportunities to become more efficient and therefore save money. For example, you may have your building management system set incorrectly and be using more energy than you need too. Making a change can help you reduce both you carbon footprint and energy costs.

How can Utility Team help?
As founding partners of the future Net Zero Standard, we are passionate about supporting businesses to achieve their net zero goals. Being one of the UKs leading renewable energy consultancies, we can help you identify ways to help you measure your carbon footprint, identify, and implement carbon reduction strategies, and help you fund them interest-free.

Our team of experts can help you throughout your entire net zero journey; we will be on hand to support you in implementing data into the platform and can conduct energy audits at your premises to identify inefficiencies and cost-saving methods further.

To find out more about the future Net Zero Standard, click here

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