TUV Rheinland: Exploring the Path for Chinese Enterprises to Achieve Carbon Neutrality
Over 70% of respondents know about corporate greenhouse gas emissions
- Only 12% of the surveyed enterprises have made specific decarbonisation/net-zero emission targets and timetables
- Over 60% of surveyed enterprises willing to invest 1%-5% of net profits in the next 10 years to achieve carbon neutrality
- Over 35% of surveyed enterprises choose to hire a professional third-party organiza
- (1888PressRelease) March 26, 2022 - Currently, many countries and enterprises across the world are implementing energy conservation, emission reduction, and low-carbon development, which present both opportunities and challenges. In order to identify the problems and demands faced by enterprises in the process of green and low-carbon transformation and promote the realization of the goals of “carbon peaking and carbon neutrality”, TÜV Rheinland has recently made a survey on the theme of “carbon neutrality”.
Over 70% of respondents know about corporate greenhouse gas emissions
In the survey, the numbers of respondents from various industries are arranged in the following descending order: industrial sector, automobile, electronic and electrical products, as well as consumer goods, energy, medical care, rail transportation, etc.
Among them, 72% of respondents say that they know the sources, scale and nature of corporate greenhouse gas emissions. Meanwhile, nearly 50% of enterprises have either specially set up a carbon asset management department, or cooperated with professional third-party institutions.
The road to carbon neutrality is full of challenges and there is a long way to go
Although 73% of respondents say that the 2060 carbon neutrality goal has an impact on their business, only 12% of the surveyed enterprises have made specific decarbonisation/net-zero emission targets and timetables, and 30% of them know nothing about carbon neutrality or haven’t made any relevant plans.
At the same time, nearly half of the enterprises haven’t determined the time limit for achieving “carbon neutrality”, and the proportions of respondents with a time limit of 3-5 years, 5-10 years, and over 10 years are 15%, 26% and 14%, respectively.
The reason behind this may be that enterprises encounter challenges that they find difficult to handle when taking specific measures. The most challenging obstacles include lack of clear understanding of policies and market trends, lack of expertise and ability, and lack of cost-effective solutions. In addition, lack of management support and complex execution procedures within enterprises are also difficulties mentioned by respondents.
Seize the opportunity to rise up to challenges, and there is no time to lose for low-carbon measures
Despite the many challenges in achieving carbon neutrality, enterprises are full of confidence. After the dual-carbons goal have been proposed, 17% of surveyed enterprises indicate that they aim to become a “pioneer on carbon reduction”, and another 42% and 32% say that they will strive to reach the above-average level and average level of the industry.
At the same time, over 60% of surveyed enterprises say that they are willing to invest 1%-5% of net profits in the next 10 years to achieve carbon neutrality, 20% say that they are willing to invest 6%-10% of net profits, and 10% say that they are willing to invest more than 10% of net profits.
In terms of investment in carbon reduction, the aspects that respondents attach the greatest importance include: equipment upgrading; investment in renewable energy; and investment in research and development, supply chain, materials, etc.
As for the low-carbon action plan for energy conservation and emission reduction, 17% of surveyed enterprises have mature plans that have gone into full swing, 36% choose to hire a professional third-party organization, and 30% are gradually trying relevant measures.
In terms of methods for carbon reduction, energy conservation, consumption reduction and efficiency improvement are preferred by surveyed enterprises. In addition, energy substitution, saving or replacing raw materials, and making a long-term plan for a sustainable energy management system are also favored methods to reduce carbon emissions.
TÜV Rheinland listens to voices on the market and provides full support to meet market needs
For 150 years, TÜV Rheinland has been developing solutions to ensure the safety and quality of the interaction between man, technology, and the environment, and we remain committed to a sustainable future. Through the survey, TÜV Rheinland has learned about enterprises’ needs for carbon neutrality in a timely manner, and will actively take constructive measures, including improving carbon neutrality related certification services, and providing more practical technical solutions for enterprises; organizing themed training on carbon neutrality, interpreting carbon reduction goals of various countries, and sharing carbon neutrality cases; providing the latest policy information and solutions according to the characteristics of different industries such as automobiles and medical devices., etc., to better help enterprises implement energy conservation and emission reduction, and achieve the dual-carbon goals smoothly.
Full report
https://www.tuvrblog.com/wp-content/uploads/2022/03/Achieve-Carbon-Neutrality.pdf
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