Greenhouse gas monitoring is another tool that companies can use to review their resource consumption and identify hotspots or opportunities for cost savings.

Many of the greenhouse gas sources that occur at production sites are related to cost intensive processes such as steam generation and logistics.

Businesses have many stakeholders that they have to work with. In recent years, stakeholders have used their influence with businesses to demand action regarding GHGs, examples are:

Many companies choose to monitor greenhouse gas performance and publicly report this information as part of their annual financial reporting. In the UK it is a requirement to report greenhouse gas emissions performance as part of an annual report under the Streamlined Energy and Carbon Reporting Regulations (SECR) if a company meets two or more of the following:

Large and small organisations that demonstrate management of their emissions can experience numerous advantages. This can include attracting environmental investors and demonstrating better environmental performance than competitors, potentially leading to business opportunities.

Companies are being asked by stakeholders such as investors, customers, and governments to act on reducing their greenhouse gas emissions and contribute to achieving net zero.

The first step on the path to net zero for many buyers is collecting information on the carbon footprint of their value chain partners, such as suppliers. This will involve collecting information on emissions data from suppliers and the JOSCAR Zero questionnaire will be used to provide this service to buyers.

Along the journey to net zero, buyers will be implementing projects at their own sites to reduce emissions, such as renewable energy and other low-carbon heat and power generation processes, but they may also want to extend this action to their value chain.

This questionnaire will provide information to buyers on the energy sources used by key suppliers and in the future may be used to identify collaboration opportunities to reduce emissions.

Buyers will therefore use JOSCAR Zero as a platform to collect information on suppliers' greenhouse gas emissions and may want to use this as part of buying decisions when selecting a supplier or identify collaboration opportunities with suppliers to reduce emissions.

Understanding emissions also provides a better understanding of exposure to resource, energy, and climate-related risks.

Suppliers can use greenhouse gas emissions calculating and reporting to monitor their own performance and distinguish themselves from competitors.

By demonstrating that a site has a low or reducing carbon footprint or is using a high proportion of renewable energy, stakeholders will have confidence that organisations are taking appropriate responsibility for their emissions. This also demonstrates a mitigating response to climate risks.

Buyers using JOSCAR Zero are eager to collect information on greenhouse gas emissions and may prefer to work with suppliers that can provide the information and show an understanding of greenhouse gas emissions sources and reporting.