Net Zero and Science-Based Pathways: Key Insights

Net Zero and Science-Based Pathways: Key Insights

Presented by John Shideler - Managing Director • Omnex S3 Futurepast Inc

Introduction

Climate change poses unprecedented challenges for industries worldwide, demanding immediate and sustained action. In this session, the John Shideler - Managing Director, Omnex S3 Futurepast Inc. provided an in-depth exploration of the science behind climate change, the concept of net zero, and actionable strategies to transition toward a sustainable, low-carbon economy. Through examples, frameworks, and success stories, businesses were shown how they can contribute to global climate goals while ensuring resilience and competitiveness.

Understanding Climate Change and Its Impacts

• John Shideler emphasized the growing urgency of addressing climate change, driven by rising atmospheric CO₂ levels, which have increased from 280 ppm to over 425 ppm since the 1950s.
• Examples such as the 2011 Thailand floods demonstrated how climate events disrupt global supply chains, highlighting risks for businesses and individuals.

Defining Net Zero and Science-Based Targets

• Net Zero: Achieving a low-carbon economy by reducing greenhouse gas emissions to near zero and offsetting residual emissions.
• Science-Based Targets: Setting goals aligned with limiting global warming to 1.5°C, based on specific industry contributions to climate change.
• Emissions are categorized as:
• Scope 1: Direct emissions from operations.
• Scope 2: Indirect emissions from energy use.
• Scope 3: Indirect emissions across the supply chain, including product lifecycle emissions.

Pathways to Achieve Targets

• The presenter outlined a clear roadmap:
• 1. Assess greenhouse gas inventory, including Scope 1, 2, and 3 emissions.
• 2. Identify hotspots and set ambitious reduction targets.
• 3. Implement strategies such as:
• Enhancing energy efficiency.
• Adopting renewable energy sources.
• Innovating processes and products.
• 4. Monitor progress and complement efforts with carbon offsets.

Standards and Reporting Frameworks

• ISO 14060: A global standard for measuring and reporting emissions.
• Carbon Border Adjustment Mechanism (CBAM): Encourages low-emission production by imposing carbon pricing on imports to the EU.
• Voluntary climate-related disclosures are becoming common due to investor demands and regulatory pressures.

Industry Success Stories

• Interface: Achieved 100% recycled materials in carpet production.
• Walmart: Engaged supply chain partners to reduce emissions, resulting in cost savings and competitiveness.
• Holcim: Developed green cement using renewable energy and alternative raw materials.
• Cleveland Cliffs: Invested in direct reduced iron and electric arc furnaces for steelmaking.

Broader Benefits

• Improved air quality and reduced respiratory issues.
• Economic resilience through renewable energy adoption and job creation in sustainable sectors..
• Long-term business competitiveness and alignment with global climate goals.

Conclusion

John Shideler concluded with a strong message: businesses hold the key to driving meaningful climate action. By adopting science-based targets and embracing net-zero pathways, organizations can mitigate risks, enhance their market position, and contribute to a sustainable future. He encouraged industries to take the lead, leveraging collaboration and innovation to meet the urgent demands of the climate crisis.

Speaker

John Shideler - Managing Director • Omnex S3 Futurepast Inc. John Shideler is an environmental consultant with 26 years of experience who specializes in greenhouse gas management. He has extensive expertise in environmental, health, and safety management systems across diverse sectors, including oil, gas, coal, manufacturing, mining, metals, and transportation. Shideler serves as a US expert on ISO Technical Committee 207 SubTag 7 on Greenhouse Gas Management. He holds certifications in greenhouse gas management validation and verification and currently is helping to write ISO 14019, Validation and verification of sustainability statements. Shideler is based in Arlington, Virginia, and consults with clients worldwide.