Businesses need to address CO2 emissions for several reasons:
Regulatory Compliance: Governments worldwide are implementing stricter regulations to reduce greenhouse gas emissions. Non-compliance can result in hefty fines and legal consequences. Investor Pressure: Shareholders and institutional investors are increasingly prioritizing sustainability and ESG (Environmental, Social, and Governance) criteria. Companies that fail to manage their CO2 emissions may find it challenging to attract investment. Consumer Demand: Modern consumers are becoming more environmentally conscious. Companies that demonstrate a commitment to reducing their carbon footprint can enhance their brand reputation and customer loyalty. Operational Efficiency: Reducing CO2 emissions often involves optimizing energy use and improving operational efficiency, which can result in cost savings.