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RACING TOWARDS ZERO: THE CLIMATE IMPERATIVE FOR BUSINESS

Racing to zero: climate change commitments

Climate change. Originally the realm of science, has long been part of the global political conversation. But more recently there has been a shift. Businesses are stepping in and stepping up to help carry the weight of climate change.

There are many major Australian and global brands making serious climate change commitments. It’s a race to zero. And in this race, everyone’s a winner.

WHY NOW?

With bushfires, floods, sea levels rising and global temperatures on the up, consumers are more aware than ever of the need for climate change action. So much so that they’re prepared to change the brands they buy from if it will have a positive impact on the environment. 

Consumer research from Deloitte has shown that consumers are concerned… and they’re talking with their wallet. 42% of consumers have changed their spending habits in response to the environmental stance of brands they buy from. Interestingly, 21% of people have also encouraged other people to also make the switch. Younger consumers aged 18-24 are three times more likely to make these purchasing switches than the 65+ age group. 

It’s no longer simply a buying decision. Consumers have an expectation on brands to be active on environmental issues such as climate change and carbon emissions. 65% of consumers in the Deloitte research expect CEOs to do more in regards to sustainability and societal issues.

J.P.Morgan research also reveals that brands need to concern themselves with not only emissions from their own facilities and production but also across their entire supply chain. For consumer staples brands, these Scope 3 emissions, i.e. indirect emissions from sourcing and product disposal, can amount to as much as 95% of a company’s total emissions. 

The time to take action is now. 

MAJOR BRANDS, MAJOR COMMITMENTS

Across the globe, major brands are sitting up and taking notice. They are taking a stand to reduce their emissions. And they aren’t messing about. They are racing towards zero in a serious way.

What are some of the climate change commitments these brands are making?

Mars has committed to zero net carbon emissions, including Scope 3 emissions, by 2050. Part of their plan includes working with farmers on regenerative agriculture to overhaul their supply chains. 

In Australia, Coles Group has also announced a commitment to reduce net carbon emissions to zero by 2050. They also have a goal to reduce combined Scope 1 (direct emissions) and Scope 2 (indirect energy emissions) carbon emissions by 75% by 2030 with a move to 100% renewable electricity by 2025. 

Zero net carbon emissions by 2050 is also a commitment McDonald’s has made along with efforts in using renewable energy, moving towards regenerative farming, and switching to sustainable packaging.

The Climate Pledge has more than 200 signatories, including Coca Cola and PepsiCo who have all ambitiously committed to zero net emissions by 2040. 

TAKING ACTION THAT MATTERS

At Unique, we are proud to partner with brands and retailers who are committed to making positive change.

Ethique’s focus on regenerative business practices and CLIF’s commitment to people and climate action are two examples of this. As well as People4Ocean, Little Urchin and SurfMud producing reef-safe suncare, Ever Eco’s dedication to reducing single-waste plastic, and Earthwise’s move to recycled packaging. 

What each of these brands, and the hundreds of other brands we stock, have in common is their vocal commitment to causes that matter to their brand and customers. They are transparent about the journey they are on and show genuine dedication to bringing about positive change.

The tide is turning and it’s turning fast. Brands, both small and large, that don’t prioritise sustainability across their business and supply chain risk losing credibility and customers. This applies equally across manufacturers and retailers.

WITH YOU ON THE SUSTAINABILITY JOURNEY

No matter where you are on the journey of taking positive action on climate change commitments, we’re with you. We stock hundreds of natural, organic, fair trade and eco-friendly brands to stock your shelves with sustainable alternatives. Shop online, anytime, or call our friendly sales team on 1800 787 904. If you don’t yet have an account with us, you can register for one here

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